I like how Paul Osbourne put it, he said basically, when approaching investors you should have all your ducks in a row to show them that they have the potential to make money, but remember individuals don't invest in Low Budget Movies to make money they do it because they believe in the film, they want to be able to tell their friends they made a movie, and have fun with the process.

Now if we are talking studio budget films, then that's another story. With these Micro budgets and Low budget, find the people who can spend their "fun money" on an adventure they will enjoy, and work your butt off to get them their money so they can have another adventure with you on your next project.