The question is in the subject. I was just thinking, why do people spend so much money on IM products? You know... eBooks, membership sites, software, and the works.
The reason I'm saying this is because you always see people complaining, "I have spent thousands of dollars on different products but have not gotten anywhere". You will find statements to this effect in 99% of those "omg I can't seem to make any money with IM and my world is about to fall apart" type of posts.
So once again, why?
Consider this... the information in this forum alone could give you information overload.
Sure, there's a lot of crap on this forum too, just like anywhere else. Even with that, there's so much amazing information on this forum that it's not even funny. Combine that with all the information freely available anywhere on the internet, albeit amongst the garbage, you don't need to pay for any sort of "info-products".
Initially, you ONLY need to spend money on a domain name & hosting. Dot com, .net, and .org go anywhere to the tune of $10, and can be purchased much, much, cheaper sometimes... usually you can find at least some type of coupons just by doing a google search, even if it may be for 10-20% off, at least it's something.
Hostgator has a baby plan for $7.96/month where you get unlimited storage & unlimited bandwidth, WordPress, and the works. You can also have unlimited domains on this account.
That is all you need to start, besides your brain. Depending on how quickly you wanna move, and/or your financial situation, you need to CAREFULLY spend money on things to GROW your business, even if that "growing" is from $0 so far, you are carefully INVESTING your money instead of throwing it away on eBook after eBook and WSO after WSO.
I'm talking maybe outsource some quality link-building, possibly content creation if you're not the biggest fan of the joy that is writing your own content 24/7 (sometimes freakishly alarming levels). When outsourcing content creation, you don't go with the cheapest. You find a medium between quality and price. Top notch content is not AS expensive as many will make it out to be. Yet, at the same time you're gambling the integrity of your content if you just go with someone to create content for you based purely on the cheap price.
You need to play smart. Do things that will GROW your business. You want to spend money? Spend money on quality products which will help grow your traffic, subscriber list, and help you build a following. Don't just keep buying info products on HOW to do these things. Buy services/products which will HELP you ACCELERATE when trying to get these things done.
If you play it right, within a short period of time, you can have a business on your hands where you have fun doing it, and which makes you consistent income, possibly thousands, for an intial expense of under $200. $100 if you are really strapped for cash. Heck, only about less than $20 in total, if you want to just buy a domain & hosting and possess the time/dedication/motivation to do all the grunt work yourself until you become bigger.
Let me be clear, I am not selling anything here and don't PM me asking if I can "share" my "secret" method or anything like that. I am merely sharing a fact which I have come to observe over the years.
So, why do people spend so much money on IM products?