How to attract investors for your TikTok clone app?

 

Ok, so you’ve got a TikTok-like app idea, and you’re dreaming of becoming the next TikTok in your region, but you’ve got to consider financial backing. After all, you need investment to materialize your idea. Well, if you could somehow manage the investment, absolutely fine. Even if you couldn’t manage, there is no need to worry as you can bring in private investors.

Before plunging in, you should decide – whether you need money to develop your TikTok clone app or assistance or whatever.

Tiktok clone app
Two Major types of investors

 

Most startups, regardless of niche, obtain financial backing from either of these two investors – angel investors & venture capitalists.

So, which might be the best for your TikTok clone-based startup?

Angel investors are passionate individuals who like to invest their money if they like the app idea whereas Venture capitalists are companies that show interest in potential startups.

1. Before choosing who to approach, estimate the approximate cost of your Musically  clone app project.
2. If it is somewhere in the range of USD 100,000 – 200,000, you can approach angel investors because their proposed amounts (on average) stay within these limits.
3. Or else, if the final cost exceeds USD 300,000, you can approach venture capitalists because they won’t be hesitating to invest largely in a project they find promising.

So, as said above, before approaching the investors to make sure what scale of investment you need, how much equity and control you’re willing to share, and so on.

3 ways to attract investors – TikTok clone app

 

Convincing – do not forget this term because you might have to convince a lot of people to invest in your startup.

1) Investment track record:   Before approaching any potential investor, learn about their past investments – to identify their interests, preferences, and many more.

2) Complete research:   You should be on fingertip knowledge about your niche even if the questions are raised outside of your business plan. So, for that, a complete study on the short video app market would be an ideal option.

3) Patience is the key:   Imagine your app idea is rejected by an “N” number of investors (Hope not!), learn a lesson from every single meeting you had with every investor. Make sure you work on it and go ahead with your idea!

So, what’s next?

 

TikTok’s uncertain future had given rise to numerous TikTok clones across many countries. So, if you’re looking to launch a business, launching a platform like the clone TikTok would be the perfect option.

We hope the aforementioned ways of attracting investors for your TikTok clone-based startup helps you in a way or another.

Once you found the right investor, feel free to contact us! We are ready to develop your dream project at discounted rates.