You Need money to make money

Brad Gosse

15 years ago

My first online business made me millions and cost me $500 to start. I needed money but not much

I would say yes you do need SOME money to make money.

Thanks

Signature

Free Clip Art

{{ DiscussionBoard.errors[741813].message }}

anth.elias

15 years ago

Originally Posted by wbakhos

Hi everyone,

"You need money to make money". This is probably one of my most hated phrases and I cringe everytime I hear it.

I would love to know what your thoughts are on this? Whether you believe its true or not? Also any examples you could give to back up your argument.

Very interested to see what people have to say about this!

Cheers
Will

No. Your money needs to make money, have your money work for you, don't work for your money.

Thanks
1 reply

Signature

{{ DiscussionBoard.errors[741816].message }}

Steven Wagenheim 15 years ago

Money helps, but it isn't necessary.

I can make money from a free Blogger blog, an affiliate product to sell on it
and a few articles.

Total cost...$0

Having said that, investing in your business is going to make it grow faster
provided you make the right investments.

Trust me, money can be thrown away on pure crap.
- Thanks
Signature

My Soundcloud Music Channel
{{ DiscussionBoard.errors[741823].message }}

Arunabh Singh

15 years ago

I very much agree with this. You will have to spend money in order to make money.

Few days back I purchased 250 unique articles for cheap and later I flipped them for a profit of more than $800. If I didn't have money in my paypal account, I would not have been able to make profit. So if you are an entreprenuer you need to invest money in order to make money.

Thanks

Signature

Money Making Video Autoblogs For Sale. PM Now

{{ DiscussionBoard.errors[741839].message }}

Resentful

15 years ago

i personally beleive this i had $50 bucks a copule months ago one ebay soon i will have $200-$300...i also have a ultimate guide i made thats made me good money..im going to post sell it once i can make a thread

Thanks

{{ DiscussionBoard.errors[741845].message }}

wbakhos

15 years ago

Great stuff...

I was thinking about this when my businesses successes were completely disproportional to the amount of money I had initially invested in them. it was purely dependent on value offered.

But yet time and time again people are so adamant that you need money.. My belief is an excuse to not get started!

Thanks

Signature

Jimmy Data... Turning hours of client Adwords reporting into seconds. Save time, money and wow your clients. Brilliant

{{ DiscussionBoard.errors[741847].message }}

aj113

15 years ago

Yes, i think you need money to make money, but just having money is not enough, it should be spent on the right things and for the right reasons.

Thanks

Signature

Proofreading and Rewriting Service - Make Sure Your Authority Site's Content is Perfect!

{{ DiscussionBoard.errors[741853].message }}

Paul Buckley

15 years ago

A more correct statement is that success in business requires investment. That investment can be either money or time. ..and time is money. Therefore; you need 'money' to make money

Thanks
3 replies

Signature

"Wise men speak because they have something to say; fools because they have to say something." -Plato

{{ DiscussionBoard.errors[741856].message }}

wbakhos

15 years ago

Originally Posted by Paul Buckley

A more correct statement is that success in business requires investment. That investment can be either money or time. ..and time is money. Therefore; you need 'money' to make money

Fair statement... but if we take it to the letter.. then you don't need money in its physical sense.. just time and persistence.. no?

Thanks
1 reply

Signature

Jimmy Data... Turning hours of client Adwords reporting into seconds. Save time, money and wow your clients. Brilliant

{{ DiscussionBoard.errors[741869].message }}

JohnMcCabe

15 years ago

Even if you don't make a direct monetary investment in your business, you still have basic needs that need to be met - food, clothing, shelter. Someone is paying for those while you start your 'don't need no money' business.

So I'd say yes, you do need money to make money. It just doesn't have to be your money.

Thanks
1 reply

{{ DiscussionBoard.errors[741891].message }}

wbakhos

15 years ago

Originally Posted by JohnMcCabe

Even if you don't make a direct monetary investment in your business, you still have basic needs that need to be met - food, clothing, shelter. Someone is paying for those while you start your 'don't need no money' business.

So I'd say yes, you do need money to make money. It just doesn't have to be your money.

Excellent point!

Thanks

Signature

Jimmy Data... Turning hours of client Adwords reporting into seconds. Save time, money and wow your clients. Brilliant

{{ DiscussionBoard.errors[741900].message }}

Arunabh Singh

15 years ago

Originally Posted by Paul Buckley

A more correct statement is that success in business requires investment. That investment can be either money or time. ..and time is money. Therefore; you need 'money' to make money

Yes you are quite right. Time is also an investment.

Thanks

Signature

Money Making Video Autoblogs For Sale. PM Now

{{ DiscussionBoard.errors[741878].message }}

Kay King

15 years ago

Starting online requires a minimal investment. If you can't buy one domain and get a $7-10/month hosting plan, I don't think you are in a position to do business anywhere.

That said - the "must spend to earn" is often a phrase used by people justifying their own purchases of one ebook or WSO after another, or jumping on the latest big money launch, etc.

Making a small investment in getting started is necessary for a good start - buying from sales page after sales page isn't investment....it's buying dreams.

kay

Thanks
1 reply

Signature

Saving one dog will not change the world - but the world changes forever for that one dog

***

Dear April: I don't want any trouble from you.

January was long, February was iffy, March was a freaking dumpster fire.

So sit down, be quiet, and don't touch anything.

{{ DiscussionBoard.errors[741982].message }}

JohnMcCabe

15 years ago

Originally Posted by Kay King

That said - the "must spend to earn" is often a phrase used by people justifying their own purchases of one ebook or WSO after another, or jumping on the latest big money launch, etc.

kay

And even more often by the folks selling the ebook, WSO or promoting the big money launch...

Thanks
1 reply

{{ DiscussionBoard.errors[742060].message }}

ShayB

15 years ago

No, you don't need money to start making money.

I created a free Blogger blog, created my own product, listed it for sale on the blog using E-Junkie (with a free trial), and started building my mailing list with the free getresponse option.

BUT once I started making money, I reinvested it immediately and upgraded everything (the AR and the E-Junkie acct.).

Thanks
1 reply

Signature

"Fate protects fools, little children, and ships called Enterprise." ~Commander Riker

{{ DiscussionBoard.errors[742088].message }}

yves

15 years ago

Originally Posted by ShayRockhold

No, you don't need money to start making money.

I created a free Blogger blog, created my own product, listed it for sale on the blog using E-Junkie (with a free trial), and started building my mailing list with the free getresponse option.

BUT once I started making money, I reinvested it immediately and upgraded everything (the AR and the E-Junkie acct.).

That is pretty much what I was going to say. I started out with a free blog that made some money then I spent the earned money on hosting,domains etc so I can officially say that you can start without a penny then use the money you make to make more.

Thanks
1 reply

{{ DiscussionBoard.errors[742120].message }}

ShayB 15 years ago

BTW - if you have someone who says they don't have $$$ to buy your program or $$$ to invest in hosting, etc. - get them started with a freebie system. Then they can re-invest their profits.
- Thanks
Signature

"Fate protects fools, little children, and ships called Enterprise." ~Commander Riker
{{ DiscussionBoard.errors[742138].message }}

wbakhos

15 years ago

Originally Posted by Resentful

the most logical thing to do to invest is invest in real estate

yes because property is really safe!!

uno.. don't worry about the last 6 months or anything.. hehe

Thanks

Signature

Jimmy Data... Turning hours of client Adwords reporting into seconds. Save time, money and wow your clients. Brilliant

{{ DiscussionBoard.errors[741904].message }}

Ant West

15 years ago

i started with £25 bought a domain name and paid for 1 month hosting , and within 2 weeks i have made over £500 to which i am reinvesting , so yes i agree you need a little to kick off

Thanks

Signature

"This time next year I'm Going to be a Millionaire"

{{ DiscussionBoard.errors[741908].message }}

Ant West

15 years ago

Buy real estate now!!!! there flogging flats and houses in a uction near me for less then £40,000 , and they was valued around £80,000+ just a year ago

anyone in the right mind would save these houses and flats for future when the real estate picks up, the meantime you can rent it out and still pick up £600+ a month in rent

Originally Posted by Resentful

the most logical thing to do to invest is invest in real estate

Thanks

Signature

"This time next year I'm Going to be a Millionaire"

{{ DiscussionBoard.errors[741919].message }}

Franck Silvestre

15 years ago

Nope, I started with a free blogger blog, got some traffic with article marketing and blog comments, once I made money, I invested in my education (bought a cheap ebook), got more traffic, made more money, then I invested, then I got EVEN more traffic, made even MORE money...

Now, I invest MORE and earn MORE.

That's it,

Franck

Thanks

Signature

Former Body Guard, Now REAL Traffic & List Building Coach
>> HOT WSO: Six Figure Solo Sellers <<

Winson Yeung said: "...Definitively A++ recommended WSO"
Kevin Riley said: "Franck, glad to see you bringing out MORE and MORE GREAT stuff"

{{ DiscussionBoard.errors[742099].message }}

pj413

15 years ago

You don't really need money to make money, but it sure helps to speed the process up.

Thanks
1 reply

{{ DiscussionBoard.errors[742139].message }}

abo28 15 years ago

Yes, you need money to make money. Not necessarily a lot of money, but you do need.

And you also need smarts... to invest your money properly.
- Thanks
{{ DiscussionBoard.errors[742190].message }}

GoGreenGo

15 years ago

You do need money to make money. Maybe not money to join a particular program but there will be domains to buy, adwords and ppc fees, other advertising costs. I guess you could do it all for free but it would be harder and take longer.

Thanks

{{ DiscussionBoard.errors[742194].message }}

Daniel Flower

15 years ago

[DELETED]

{{ DiscussionBoard.errors[742271].message }}

Fox30

15 years ago

Originally Posted by Daniel Flower

Time is much more important than money. I've just started a business and it's not cost me anything apart from small hosting fees etc, the only real thing it's cost me is my time to put it into action. Compare that to a conventional business where you've got lots of overheads, physical products to buy in to sell, etc. We are very VERY lucky in the internet marketing world.

Dan

I completely agree!

Unless you want to start with search marketing(PPC).

Thanks

{{ DiscussionBoard.errors[742830].message }}

Stallion

15 years ago

Originally Posted by wbakhos

Hi everyone,

"You need money to make money". This is probably one of my most hated phrases and I cringe everytime I hear it.

I would love to know what your thoughts are on this? Whether you believe its true or not? Also any examples you could give to back up your argument.

Very interested to see what people have to say about this!

Cheers
Will

People that make this statement are just making an excuse not to try.

Thanks
1 reply

{{ DiscussionBoard.errors[742834].message }}

bgmacaw 15 years ago

Originally Posted by Stallion

People that make this statement are just making an excuse not to try.

Or wanting an excuse to blow money on something they don't really need. For example, a friend of mine who's a building contractor leasing a $45K super fancy pickup truck.
- Thanks
- 1 reply
Signature
Product Reviews | Earn Online Cash | Free HTML Templates
Free WordPress Themes: Boring Memo | Dateless Mini-Site | Info Magazine | 100 Twenty-Ten Niche Headers
Discount Templates, Graphics and Scripts: Templates for Website
{{ DiscussionBoard.errors[742938].message }}
- angelica0109 15 years ago
  
  Somehow,yes, it is much good to have money in starting up a business and making it grow as the time pass by.It is one of the basic things we need but i still believe hardwork and knowledge are the best sword in making lots of money.
  
  Thanks
  
  {{ DiscussionBoard.errors[743092].message }}

You Need money to make money

Trending Topics

Been a while! Any of you Old Timers here?

Clickbank low cost recurring

How much does the rebranding affect CR ?

Boat and Jet Ski Rentals...... Door Hangers Effective?

Are billboards still effective in driving customers?