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View Full Version : Was this an appropriate way to raise money?



henry211
10-10-2014, 05:39 PM
Hi all! I wish I could have kept this story short for anyone who's about to read my post.

I ran into a neighbor recently who mentioned that she's starting a business, essentially a bed & breakfast on her property. I was excited to hear her news not only because it was nearby but I also hoped she could utilize my background in marketing and advertising in the future. We exchanged information and I received a phone call about two weeks later.

She explained that she was excited about her new venture and that she and a "friend" of hers had a question for me. This "friend" happened to be the third party on the line and proceeded to reiterate my neighbors excitement for her new business and that they both wanted to know if I would attend a ribbon cutting ceremony that following week in support. As strange as the phone call was I agreed to attend anyway hoping at the very least I could network.

The day of the ceremony I get to her property and am greeted by both my neighbor and her "friend" and led inside to a small group of other people, mostly family and friends. The ceremony begins with the "friends" speech. Her speech topic began with herself and talking about her own business. I was getting confused because none of this had to do with what I was invited to. She proceeded to talk about energy deregulation. That's when the red flags went up. This woman was from some energy company, probably not even a real friend, and she was pitching to a small group about how we can "simply" save 3% on our energy costs by switching to this company and ALSO by going through my neighbor to do so because my neighbor in turn gets a bunch of cash for getting people to switch, or by referring others.

There was no ribbon. There were no scissors to cut that invisible ribbon either. Just a speech from a seemingly fake friend about how switching my energy provider will save me pennies and help my neighbor raise funds for the new business. In my eyes it was the old bait and switch. I left with a bad taste in my mouth. Sure, they could have been straight forward about the actual reason they called in the first place but I guess no one would show up. The reason I brought this to the forum is because I truly thought this was an awful way to introduce your business, just an overall bad first impression. I may not be an investor but After that experience I already wouldn't recommend anyone going to their B&B before it's even ready nor would I be willing to offer any of my marketing and advertising experience. Maybe I'm wrong? I'm working toward starting my own business soon and I couldn't see pulling a stunt like this to raise money and risking ticking off any potential supporters. I'd love to know everyone's take on this. Thank you in advance!

sjphill
11-18-2014, 05:16 PM
Methinks your "friend" was a POS. Deception is a really crappy way to earn a business.

Rajat89
08-30-2018, 03:35 AM
investing in a right option like mutual funds, MLM industries or in property is the best way according to me.

amayajace
10-18-2019, 03:55 AM
Hold a rummage sale with donated items. This is a great way to raise a lot of money.
Feed people. Forget the bake-sale.
Be handymen. Get you and your volunteers together and sell vouchers for handymen services.
Make a community cookbook.
Offer family photos.

amayajace
10-18-2019, 03:59 AM
Hold a rummage sale with donated items. This is a great way to raise a lot of money.
Feed people. Forget the bake-sale.
Be handymen. Get you and your volunteers together and sell vouchers for handymen services.
Make a community cookbook.
Offer family photos.

Brownii
05-18-2020, 05:46 AM
In my opinion, there are so many easy ways to make money and you chose a difficult one. You could have played gclubslot goldclub (https://www.gclub.co/goldclub/) and won money there. I know many real people who played casinos and won big money there. Personally, I want to be one of them because one jackpot will give you financial stability.

Mr. Lonely
12-22-2020, 05:41 AM
You can invest your money in a reliable trade company.

speeduser
02-28-2021, 03:59 AM
I guess it will be a good lesson for everybody that raising funds is not that easy. You need to consider a lot of things before making it work. - Phillip Elden (http://www.phillipeldenblog.com/)