It Takes Money To Make Money vs Information to Make Money

That's a good question!

In fact I'm struggling to pick a side.

I'm gunna go for the "It takes money to make money".

Obviously, the alternative is likely to produce a high quality product, but with no money for promotion (and all the other expenses) you probably won't create a big enough splash to get noticed, or it will take an extended length of time.

If I had the option I would say:

"It takes information and a little bit of money to make money"

Well - having money can help speed up the process but you can easily test things small and re-invest to make more money. In other words... if you can put in $50 to make $75... you just have to look for ways to scale that.

So - I guess what I'm saying is that information is probably more valuable.

It takes information to make money.

You don't need money to make money and even if you wanted to spend money to make money you have to know what to spend it on.

How about option 3, it takes hard work to make money.
Money can be used to buy hard work, and information is only gained through hard work.

Matt's right,

I think it takes information to make money. When I first started out I threw a bunch of money at getting traffic. When the traffic came, I didn't know what to do with them.

And when I thought I did, they didn't convert. The reasons they didn't convert was, 1st... the information wasn't targeted towards the traffic that was coming in. 2nd...the offer was not good enough to make them want to buy. And 3rd... I was some faceless marketer/company/website....throwing a lot of stuff at them.

They didn't (KNOW ME, LIKE ME, or TRUST ME)

In other words, I was not giving them any REAL VALUE.

So I denfinitely know that it takes information to EARN any real consistant INCOME.

I definitely think information over money because if you lack valuable information then you are not going to be able to generate money. Sure you can still make a few bucks if you do not know much, but the more you know, the more power you have. Knowing the right information can generate a huge profit but knowing nothing and just dumping money into an unknown pit can land you being bankrupt.

I think option A usually just turns out to be an excuse not to take action or to put action off. People get resigned to the idea that they need money to make more money then decide it's just too expensive or they will take action when they have enough money.

Option B - It takes information to make money - is so fundamentally true when you think about it, it's ridiculous. Ponder this:

• I paid money to Apple because they had the information on how to make a computer that I wanted to buy
• I paid money to Nissan because they knew how to make a car I wanted to drive
• I pay money to the grocery store because they ultimately pay farmers who know how to grow/raise the food I eat
• I pay money to the government because they know how to... oh, wait a second. Maybe I don't want to go there.

Time is money. You're really just swapping your personal time for someone else's time (which you pay for).

That still applies if you think information leads to money. Info in your head or someone else's head, it really doesn't matter. Either way, you're still either spending your own valuable time to put it out there to make you money or you're paying the other person to do it.

Hope that muddies things up nicely. :p

I know it's not an easy or hard and fast answer, but in thinking I am starting to lean toward information.

I'd pick information but.. Information alone is not enough!

Information -> Wisdom -> Maybe money. = )

You can have all the information in the world! Right here on this forum is enough information to make mega empire businesses!

Having the wisdom to apply the information is the essential key here.

Information and courage to take action. Just like what Russ said, you can have all information in the world but still poor simply because you don't act on what you know.

Information + Clarity + Plan + Action + JV + Lil Money = Should make Money

I think money and information not enough. In the Internet Marketing takes time to learn to seize opportunities and intelligence. And one important thing, whatever you have if not focus you will not be anything

In comparison to traditional business, IM takes a lot less money to make money.

Also, if your building a passive income, your ROI is phenomenal, compared to mere 6 - 10% in the markets if your lucky.

You need both information or the knowledge to implement many IM methods. Usually money is spent on the tools to automate or make the process faster. or to build your empire faster, which comes to the fact that TIME IS MONEY.

You can have all the information that you need to make a successful site, but all that manual link building will take you yonks to get your money back. In the mean time, you could have outsources 5 sites and have 5 sites ranking, if your willing to let your investments play out.

My advice for people starting out would be; funnel your savings from a stable income source (full time job) into your online business, setting up a clear system that includes out sourcing. Once you reach siginificant earnings, depending on how risk savvy you are, funnel these back into interest bearing deposits that are guaranteed cash. Sure you might not be able get higher returns, but its the sense of security that youve locked in your cash and it will be avaialble anytime.

The fact of the matter is, no matter how care ful you are, your sites , if on google, can be smacked real hard anytime.

Niche building is a solid proven way to make income, but I don't feel 100 percent in control. That's why I put a lot time and money from my niche profits into list building. This you can control.

You can make money with no money through hard work and patience - but most people don't have enough patience..

But in all honesty it takes money to make money because that speeds everything up

It takes information to make money.

I believe that having the right info plus the right attitude
could be a good way to make money. Not that big maybe at the start.

Its not an either or situation you need both.

But if you have money you can buy people who know how

But even if you know how, you still need money to make it work

I fall on the side of money to make money. Information is a great commodity but you usually have to spend something time or money, which is the same, to launch that information on a big enough rocket to make an impact on the return. Massive results require massive action.

Im a firm believer that time is money, when you spend money it is something that would save you time and get the desired benefit.

But in reality any online business requires both time and money

To put it broadly, it takes time to make money.

Information and money are pretty much the same thing - they both require time to obtain. By using money, you're investing time you spent before (or other people have spent) into your business in order to make money more quickly.

If you're doing everything yourself, you can still make money. It'll just take longer because you're investing time during the process as opposed to just money from time used prior to the process.