19 karma · joined January 28, 2011
- Mention that unless it's for a certain price range, you're no longer in the market. However, you will keep them in touch when you're changing the policy again.
- If the pricing/arrangement doesn't work for both parties, say you're happy to refer them to someone else who could use those projects.
Also, stay in touch with them regularly, but you don't need to go overboard on this, as you want to focus on your company.
You've mentioned you've talked to over 20 people and they said they would buy your product. However, getting them to pull out their wallets when you actually have the product could be a different endeavor. Not sure if the problems you're solving are painful enough.
Alternatively, you can fly out to different conferences in order to meet them in person to kickstart the relationship.
What's your income situation right now? You can try to negotiate the interest rates down to minimize your monthly payments. Once you are able to handle the payments and workload with ease, I strongly suggest to start with freelancing on the side. Most successful entrepreneurs I know start off with consulting and freelancing before productizing their services or physical products.