Use Other People’s Money for Software – Tim Clark

How to Build Software For Your Business Using Other People’s Money
  • Creating a custom software program for your business is a significant investment, “I totally understand”.
  • Grant Cardone has shared his wisdom with us, in showing how to use other people’s money to make a real estate investment. This is called leverage.
  • The same goes with custom software.
    1. Test the idea, build interest, get commitments from other parties
    2. Build it once, sell it over and over again using licenses
    3. Offer it as a software-as-a-service, recurring monthly subscriptions. Hosted on AWS
  •  At Nikos, we work with our clients to validate their investment to make sure the deal makes sense.