for entrepreneurs, it is very difficult to obtain funds, whether they are engaged in production, applying for patents or anything else. But when manufacturers or marketers are willing to invest in your products, it will be relatively easy for entrepreneurs to obtain funds. Of course, entrepreneurs can also get financial support through community funds. Of course, all this does not mean that financing is easy. Only through good design can a good product get a loan. In other words, don't quit your job easily. Many entrepreneurs use credit cards or personal loans to pay the first-stage funds. But if an individual has no economic income, it is impossible to obtain such a loan. Therefore, apply for a loan before resigning. At this time, you can usually apply for a loan of 5 thousand or 1 thousand dollars. Keep working until you don't need it. Pay close attention to your business experience and don't apply for a loan if you don't have enough relevant experience. If you lack relevant experience, invite an experienced person or make a business partner, which can help you succeed. Making early preparations at an early stage will help you achieve your ultimate goal. It can also help you keep the initial contact with the manufacturer. The related expenses are listed below. 1. Start-up capital: usually one hundred dollars to one thousand dollars. These funds are used for market analysis in the early stage. You can also join a trade organization to trade and interview people inside the industry. This will help you understand the market potential of your idea. Prepare a detailed statement explaining why you want to carry out your project. This statement is also a document to ensure that you can get investment from family, friends and investors. 2. Understand the market: It usually costs $2 to $2, to attend trade fairs and related meetings, which is conducive to opening social networks and understanding competitors. You can introduce your project to potential investors through start-up funds and prepared statements. Thus, you will have a better statement. You'd better prepare a pamphlet to make relevant records. Even if you don't need funds yet, you should seize this opportunity to attract investors, because you only need a small amount of investment. Ask one-third of the investors for $5 to prepare brochures and models and attend two trade fairs. Your goal is to establish contacts within the industry. Before attending the exhibition, you need to apply for a patent to tell people that your product is in the process of applying for a patent. 3. Models, examples and patents: between $5 and $2,. The number depends on your patent strategy and the complexity of the model. Once you get the exact information, your product has great market potential, so you should build a good model and start the patent strategy. Now, your purpose is to prepare a product, a brochure and an advertising package, and a joint venture or joint venture agreement. Think carefully about the patent strategy and study your project with your end customers. Then, we should consider the relevant industry investors and contract manufacturers. Their investment in the early stage is very small, and then they need to invest more money. Once the initial investment is made, it is relatively easy to get investment from these investors. You can also get investment through relatives and friends, but this financing method is not the most ideal. 4. Research results: The amount between $3 and $6, depends on your participation in trade fairs and core industry conferences. After preparing products, brochures and advertisements, we should interview the end users of products from all over the country. The more people you interview, the better. Talk to them about your ideas and they will give you a certain response. Your goal is to prove that your products can be sold and that you can get investors and companies in the industry to prepare products with you. The more investors you attract, the better, and show them your products. If they see that end users are interested in products, they will invest. Product preparation The process of preparing the product looks terrible, but the goal can be achieved as long as it is step by step. The following is a detailed introduction: 1. Preparation statement: 1,5 to 4, dollars, depending on how far you have to go. If you want to be a private brand or a joint venture, you need a model, an impressive statement and research to show that your products are marketable. In this process, you need to prepare a statement that can show the advantages of your product. The best investors are in the industry, which shows that the products will sell very well. If it is a private brand, your contract manufacturer may be willing to provide financial support. 2. Preparation materials: From $1, to $2,, depending on the complexity of the product and whether a salesperson has been hired. At this stage, you need engineering documents, prepare production models and pre-sell products. This process is necessary but can't get financial support, because this process is also to prove the sales potential of the product. Only if your research work and network are excellent can the contract developer bear the cost. 3. Prepare a marketing plan: from $1, to $5,, depending on the planning time and the degree of help. If your marketing plan is to create a sales impulse through pre-sale, I hope that as soon as the product goes on the market, it can quickly penetrate the market. That plan should include a detailed pre-sale plan and the basis for achieving this goal. Use your industry connections to complete the plan and try your best to get big investors in the industry. They will help you complete the plan, and this will also persuade them to invest. You have spent a lot of time before introducing your product, and there is not much process left. Although this stage costs a lot, there are many sources of funds at this time: private investment: hiring brokers to sell stocks is similar to public listing, but the difference is that they are not publicly listed on the stock exchange. Investment funds: The investment of these companies is at least one million dollars, and they have rich experience, rapid growth potential and reasonable business plans. Angel investor: An angel can be anyone like your family, friends, etc. They are not experts and don't know much about your industry. Joint venture: get money from those manufacturers who help you produce or sell. The above only gives individual ways to get financial support. How to get funds and how to spend them are all very similar, including: starting production. From $5, to $1 million, or more, for materials such as tools, equipment and packaging. If you can't sell the product, you can't get the money back. Market introduction. From 5, to 5, dollars or more, depending on the market size. The funds are mainly spent on trade shows, advertisements, distribution, training of sales staff of manufacturers and making web pages. Never reduce the sales plan. Investors want to recover their investment quickly and massively, so you need to work hard on the sales plan to get quick sales. Set the company's operating mode. From $2, to $5,, the funds are mainly spent on working capital, buying computers, hiring accountants and paying legal fees. .