Startup Funding Espresso: Consultation Funding
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Equity funding is just one source of funding for your startup. There are many others such as consultation funding. Consultation funding is using consultation work to pay the bills and salaries while you are building out your product.\xa0 Many customers need additional help and will pay consulting fees for it in addition to the basic product.\xa0 Consider looking for consultation work in addition to selling the product as some customers want more assistance in installing and using the product than in just buying the product itself.\xa0 Consultation also brings new insight into how the customer intends to use the product and what problem they are trying to solve.\xa0 This is useful information to guide your product roadmap. Consulting work also gives you more information about the market and the competition as you\u2019ll encounter competitive solutions. Finally, consulting work for clients generates good references to use when you launch your standard product into the market. While consulting may not be your ultimate goal, it can be a useful way to fund a portion of your product development. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today.-----For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: For eGuides check out: For upcoming Events, check out For Feedback please contact info@tencapital.group