Hello all, for the first time in a long time I am feeling frustration based on being in the Business we are in.
We run a business that is looked down on by most, one my wife and I can`t discuss with our friends or family. Our associates we meet related to our other business, rental properties, etc.
Now mind you what we do is completely legal, ethical, and well, by our standards moral.
We have been in this industry for almost 14 years and it has always paid the bills and put one of our two kids in college and made us a lot of money.
Our industry is probably one of the most profitable in the world, some estimates as high as 100 Billion, but more realistically 5 to 10 billion in the U.S.
We have been successful at providing services to other people in our business and consulting is now a large part of our of our overall revenue base.
We have helped many small entrepreneurs find small funding for their projects.
Now we are looking for some substantial investors and partners and its like we have the plague.
If you haven`t guessed by now we produce Adult content, yes Porn, Dirty pictures and Movies.
Not Kiddie Porn, exploitive or demeaning content, nor do we do anything that involves dangerous activities or unhealthy practices.
We are a safe, respectful, successful family owned business.
Our piece of the industry (Midlevel wholesale content production) is dying. With competition from the Eastern Europeans, and the Asians we just can`t compete any more. We are down 40% from last year and I see it getting worse.
We just can`t compete with a guy in Prague who`s cost of doing business is so much cheaper than ours.
He has the same equipment as us (We both purchased our stuff of the Internet) but his costs for Talent are 90% less than mine.
Where I may pay $300 U.S. an hour he pays perhaps an equivalent of $5 or $6 an hour.
And we both sell our product on the same market and now to the same people.
This is not a new story for American business nor is it something we didn`t see coming.
We are ready to branch into a new and exciting area of our industry and have started looking for partners and investors, shoot we are even having trouble finding qualified employees.
Don`t get me wrong I can find plenty of guys to come check out our business, but most are a waste of time and energy and many turn out to be just creepy.
We have come to the conclusion that we need to hire someone to assist us in our search for funding and are trying to find some sort of broker but are leery of spending much money up front.
We are posting here to see if perhaps anyone has any ideas on were to find a broker or funding advisor that can help us find funding for our new venture.
Thanks for taking the time to read our story of woe do to foreign competion :-)