You Need Money To Make Money - True Or False?

I agree...knowing HOW coupled with a willingness to
go the extra mile, you can make money with no
money.

You don't necessarily need money to make money
in the beginning, but to make any BIG money, you
definitely need to make investments.

You always gotta put in something, if not money
then TIME. It's a basic trade off.

Personally I'd rather invest the money to make
more money while freeing up more of my time.

It depends on what your personal situation and
what you actually value more.

You don't need money to make money, however, having money to get started will accelerate the process greatly.
You can start off small, and build up over time, if you have money to start with, you can start further up the "scale" then from scratch.

However - if you have the willingness, then you'll still go far, either way

FALSE

It's a good excuse for not trying, though!

False if you wanna go it alone, true if you're smart and spend some. Besides, I have yet to find ANYTHING that is truly zero investment. Yes, methods themselves may have zero investment, but you will have to INVEST to learn the method. Get it?

I think this is true. If I had $100,000 i'd buy 100x $1000 websites for 10 months revenue and in a year I would have doubled my money

I believe that heaps of money can be made starting from scratch. You just need to have the right idea/concept and put it to work. Sometimes it can even go worldwide.

It's ok to start small & build slowly.
The snowball effect will eventually take over.
......you also won't lose lots of money!

false i think

This is not the case always. If you don't have money then first you need to make money initially it will be a slow start. But if you dedicatedly stick to collect penny by penny one thing for sure.... You'll get rich.

False, for sure

If you know the right methods, its easy to make money online with very little (less than $10, or the cost of a domain name). The problem for most people is finding the right methods because so many people out their release garbage that its difficult for people who truly want to make money to find the right methods.

False.
Write some articles for AssociatedContent and you will get 20 bucks easily. You set up a free blogspot and get $10 a month with Adsense on it.
Money is just like some fuel, it makes your profit fire grow bigger and faster.

I disagree.

I have worked as a business development consultant for the past 19 years and I have created multi-million dollar businesses for as little as $100.00 on the table.

From my experience, there is never a money problem - there is only an idea problem. You come up with the right idea and the money will always be there.

The one rule I use with all clients is always start where you are with what you have - too many people get way in over their heads with financial debt, and instead of focusing on those things that will make the business successful, they focus on their debt and end up not doing what they need to do.

This is the same as the banks telling you you need three years to get over the hump before you can make any money. I have never developed a business for a client that did not make money the first day they opened their doors. No one has pockets deep enough to last three years without earning a profit.

I agree. You need at least some money to make money.

Cheers,
Vincent

I disagree... you can go to someone else and make money by giving up your time i.e. a job... that requires no economic investment at all

Starting off with minimal finances meant we had to think smart!

When we first started we had spent a lot of time on our product. A lot of adjusting replanning and more adjusting. I do believe that if we had just thrown a lot of money at our project we probably would not have arrived with the successful product we have, and also we have learned a lot more by taking the time to build and grow, we have a good understanding of our product. WE know what works is current and relevant for our product.

Its true, even if you using free internet marketing techniques, you will need money to survive with while you are waiting for those to cash in!

disagree.

somebody who can make money without needing money will probably end up making a whole lot more.

Money can be made on line without spending money.

The first step is to recognize a starving audience.

I think we all agree that some investments need to be made in order to
improve and progress our business.

I used to own an auto painting business. Expenses ran close to
30% of my gross sales. I watched paint increase in price 500%
over 10 years. Then throw in insurance, other supplies, etc., etc.

Internet marketing is nothing compared to that!

So, no. You don't need money. Just an on-line connection and some knowledge.

False. But it helps.

It's best to have some money before you take on any business project that's supposed to make a high income. Management is difficult to handle, so having money makes things easier to manage.

If there is sufficient desire, knowledge, and activity, I don't believe that having money is a pre-requisite to making money.

You need money to make money - true or false?

True.

That is not to say it takes money to make MORE money. You need money to survive in the modern world. You have to eat, clothe, pay for medical, etc. No getting away from that.

So while you make money you have expenses whether they are investments into making more money or just using money to survive while you spend time to make money is the difference.

You need time. The more time, the more money you need.

It is definitely helpful to use money to make money though. If you have investment funds and use them appropriately you will need less time to make more money. So I would say yes.

You need money (to survive) to make money. You need money (investment) to make money faster.

I think the question might have been phrased:
Do you need to invest money to make more money?
False
You need time (and as Macabhay says) you need desire, knowledge, and activity.
But then if you (and you should) consider your time valuable it would depend on if you place that value at a monetary level or enjoyment level.

For instance, I enjoy spending time with my family. So my time spent with my family is not monetarily valued. But, I also enjoy putting together new ideas and business plans for online businesses. And since in most cases the goal is to make more money then yes, I place a monetary value on my time.

Wow, I think I just confused myself. :rolleyes:

Danny

It really depends on the situation at hand. I've been in a service industry before and whenever I sent out flyers, I got immediate calls for quotes, which led to me making money. However, I've been so broke before, back in the day, that I didn't have the money for the flyers! Hence I couldn't make money until I had the flyers to pass out!

LastWarrior

FALSE! You need the right mindset to make money. Read and study classic books like 'The Science Of Getting Rich' and 'Think And Grow Rich' to find out what is necessary to get your mindset in the right place.

If you hold onto beliefs like 'You need money to make money', you will have a very difficult time attracting money into your life...

I would have to disagree. Although having absolutely no money at all does complicate the process and make it much more difficult, it is very possible and probable for an individual to make money without an initial financial base.

In my opinion, the problem rests in the instant gratification one seeks with money. People tend to Want It All..All Right Away. Being driven is good, but patience and the desire to learn and build wealth is very important.

This is one of the most quotable things I've read in a while, and an absolute truism.

Someone can throw money at something all day long, and if they don't know how to make money, they're going to lose it.

I am going to disagree with the trend here, because it most definitely takes money to make money,
You all are taking for granted some essential things that take money. Your computer, your internet connection, your hosting & domain, your autoreponder, to name a few. Those all take money. Without them, you couldn't make a dime on the internet.
Now, I sit here in front of my old Win 98 computer, on a dial up system. It takes me hours to do something that on broadband and a newer computer would take minutes.
My credit cards are overlimit right now. Can't afford a new computer, satellite connection or an autoresponder. I will one day. And I keep plugging along, because I never give up.
It would be far easier and I'd be making a lot more money than a few hundred a month if I had the funds to have the tools to be successful.

I can tell you for a fact that is not true. I made my 1st million with NO money, was in debt, couldn't pay my mortgage, car payments, etc...

Those who say you need money have never made money and are not true Entrepreneurs . These people are called United Auto Workers.

True, but not much. No more than what you would make working an extra part time job for a month.

i say no.. for example i now how to make money online is by free from some people in my country telling and explain how to make money online
with very great explanation

that are really good person

Ditto on the no...

Money follows good deals...you 'create' the deal - the value proposition...money always follows...

...the tougher part is keeping it!

False - but it always helps

you need an idea and action and you can always get someone elses money if you need to do something where it can't be done free.

It depends on the type of business....sometimes you do need a certain amount of money to get things going.

I would have to disagree.
When I was in highschool when I first started making money I started out with little to absolutely no money. From experiences, time, and using my knowledge I now have much more money than I started with, and if I lose it all I know I can go back and make the same amount of even more!

Not really you just have to be creative and seriously driven. I may not have a dime to get what you just said but take this for example. I may not have a computer or internet but I can go to the library here and use theirs for free for a limited time per day to set up a free website and make use the limited time I have on the libraries computer to make about twenty dollars doing little things. Once I have about 50.00 I can get a cheap host for about 40.00 and a dot info domain for the time being. I can keep on using the libraries computer until I had about 150.00 then go on CL and find a good quality laptop with wifi for this much and then go to the library everyday and now be on the internet for as long as the library is open. Once I made about another 50.00 I can get getresponse which allows 10.000 names before they increase. Now all I have to do is use my time right and in no time I will be able to afford wifi at home now I can be on the computer for as long as I want. Which means I can make more money once I have a couple hundred dollars I can begin to outsource some of my work and leverage the little money that I made. Within a year I could be making a good liveable income. How did I do this all. By using a free computer with free internet at the library which is free to get started. Then used free internet resources while inferior they might be worked to get me started. Then used the minimal money I made to get low cost paid resources. Then continued to upgrade I I was able to use more time to make more money. For instance the computer that I am working on now I got for 145.00 on CL and it is a good one. You just have to know how to make the most with what you have got. Where there is a will there is a way.

It's really more of a debate. You have question if you are assumed to have zero money at all, nothing to spend on anything at all - not even food and other basic neccessities.
But you can make money without needing money, you can start by getting a J.O.B. You don't need money to make money from most of the jobs.

If it's starting your own business we're talking about, truth is, to a certain extent. You will NEED money to even begin to start making money. Investment in the basic like a computer, a domain and hosting package or even to buy that piece of cloth for a cleaning business. They all need money.

Most important thing you need is focus and determination to make money.

False

You need a focused plan of action and most important you need to take action on that plan.

Sometimes I agree with that,

before I plan to make some money on the internet, I need money to buy a domain name, website hosting, outsource someone, and ppc advertising.

I haven't found how to make money on the internet without spending any dime yet.

False. You don't need money, but you do need time. It's been my experience that you need to either spend time or money on growing your business.

I guess you could make money with no money but it would take a lot longer! Since time is money, I have to say no!

Yes, you need money to make 'a lot of' money even on the internet you need internet connection, a laptop or desktop, even the time you spend is money.

What kind of question is this? You need BOTH. First, you need some sort of money as "security" to do whatever you love. And doing whatever you love will lead to true moneymaking. That sweet spot where you're making excellent money doing stuff you love.

Only positive thinking is not enough when you first start out. Your genuine abilities manifest only when you're free of pressure.

This is definitely false. In fact, I think you are better off in the long run if you start out with no money at all. Why? Because I think everyone should learn through experience and more specifically mistakes.

At times it may seem as though you are working your butt off for nothing but as you spend more time with your business and methods of making money you soon learn what works and what doesn't.

You don't need money to make money. You need creativity, think outside the box.

Okay, I want to start an IM business and I'm broke with no computer. I'll go to the public library, or ask a friend if I can use theirs for an hour or two a day.

It may take a lot longer, but eventually you will get there.

No money is an excuse, it is that there is no thinking as the real problem.

I think this is true. Because money brings money.

i think with money you can make money quicker and easier but you actualy don't need money to get money. get it?

Here's my reply:
You don't need any money to make money....
It's who you know that makes you money NOT what you have.
I started a business without using any of my money. I personally knew of 2 multi-millionaires. I showed them my business plan and they both gave me $50,000 checks. I had no money to start the business but I knew someone else that did.
I take my family to a private vacation home in the Smokey Mountains. This is a cedar mansion beside a Big Lake. It is completely furnished with everything to live there. It even includes sat TV and a big boat. We can go there anytime for 3 day weekend without paying a dime. Why? Because I have made friends with the owners.

Read: "Never Eat Alone" It works well for me.

false but most people use it as there excuse

I would agree more with " You need resources to make money" ...

I think not everyone on the same side

Think we all need money it's a fact of life: The question is how much?

We have all or most of us lived through decades of greed and avarice, the more we have the more we spend, better home, better car, better food etc.

There is no option unless you have been blessed with inherited wealth but to earn money in one form or another. The more you put in the more you get out.

A classic example and you can see this world wide is, large food chains in supermarkets who buy shelf space, sell product for a loss until the competition has to give up then, dominate the market. "When money talks everyone listens"

If you want to make real money on line and not pocket money then, you do need money to make money-IMO.

True. for pay per click

Time=Money

I honestly can not seperate the two at this point. So if the question is straight up do you need money to make money - then yes you do because no one can make money without time.

Every second I am putting into a new business is money I am not making doign soemthing else - that is why I can not seperate them.

If you want to get 100% literal then, no you don't need physical cash money to make money. However, it helps a great deal and if you want to make serious money you need to use some.

I agree. You need at least some money to make money.

To make money you should invest something. It could be time,money,effort,or whole your life.

The easiest way is to invest money because time is unrecoverable resource.

I did try to earn money without investing penny but what i maximum achieved was $1-$2 per day.

No more.
But I got excellent experience during this endeavor, invested some cash, not big, near $300 and got 3 times more in two weeks.

I believe you need alittle bit of money to start small. If you want to start big then you need big bucks, or plenty of luck and afew gambles!

SoZoS

Honestbizpro: I think maybe before the internet that was more debatable....but today I would have to say. False. You only need to know how to make money with no money.

I respectfully disagree, here's why. Although it is true that there are lots of ways to make my money online but they ALL will cost you money. Even if all you do is article marketing you still incur cost. You still have to pay for the electricity to run your PC, you still have to pay your cable or DSL bill. These are cost are they not?

You do not need money to make money. You need resources to make money. Those resources could be in the form of ideas, contacts, opportunities, initiative, ingenuity, creativity and so on.

Of course, having money or access to it does have its benefits.

Hermas

I would aggree - however it's all a matter of degree.
To start a local business (like a shop) you need $100,000 upward to set and and stock up.
A direct mail - like a mail order business you'd need probably $20,000 to do it properly.

An internet business you can set up with a couple of thousand bucks (much less if you do all the work yourself - but I'd rather just pay the cash and work with professionals who get a top job done fast.

you can start a trading account for shares with $2000.
you can start trading forex with less than $100. (but you have to know what you're doing in both cases which often costs money or a lot of time)

If you want to make money while spending absolutely No money then all you can do is labor because everything else takes at least a few bucks.

Surely though, most people can raise a few hundred bucks if they were truly focused on creating some wealth.

Franky if you are not willing to do what it takes to raise a few hundred to a few thousand bucks to get you started then your chances of becoming rich a very poor!

You have to think rich to get rich, there's no point in being a tightarse with setting up your business because that will be the essence of your entire business life, and no-one will want to buy your products.

False. I've played a real-life game last year where we in a group could make from $0 to $1000 in 4 hours. All it requires is some "think out of the box".

If you have the capabilities to "think out of the box" then only sky is the limit. Money can never be regarded as the guiding force to attract more.

I truly don't believe this. I think one needs that motivation and risk taking ability to get success and make money. One truly requires that desire to work for what he wants in life and that too should be long term objective and not a short one as that won't let you to success.

The statement is not 100% true, well now a days there are a lot of methods to make money without any initial investment.
However to earn some bunch of extra profits and being lazy and outsource the work definitely need some initial investment.

I think if you start small & slowly build you can still make money, but it will take longer, and your mistakes you learn from won't cost as much.

One can see the glass half empty and other can see that its half full. I agree to disagree. You don't need money to make money. That is the general way of making money. We are not considering the unusual. Beside what can you do with money other than invest. Ok! I agree that is a little lame. But hey there are opportunities for broke too I guess. Other wise what will the financial organizations would do?

Do you need money to make money?
False
You need to know how to use the resources you have to make the money you want.
You need to have the drive to stay with the project and not drop out because success is not easy it is WORK!
You need to be able to think outside of the box and not like everyone else!

I would have to say that although it would be faster to make money by spending money, it definitely isn't required to make money.

Of course you need money to make money. I agree with Bert: if you don't have the basic tools to begin, you cannot make money with your work. On the other hand, there is a famous dictate which says that "money attracts money".

If you have money to invest, you can easily make a lot more.

I'm not saying that if you don't have money you cannot make it, though. You can, but everything is quite difficult and delays too much.

Not really. It's just that once you have enough money, making money is inevitable. When you have a certain amount of money over and above what you spend day-to-day, the money you don't spend will generate more money than you spent - without any work, effort, or attention from you.

Let's use an example. Most of us wouldn't be too unhappy with a hundred thousand dollars a year, right? So think about this. If you had three million dollars, and you stuck it in a plain old everyday savings account at 3.5% interest, the interest from that account would be over a hundred thousand dollars a year.

So if you could just keep your grubby hands off that three million dollars, you would have a hundred thousand dollars a year, and you would never need to lift a finger. And if you were happy with a hundred thousand a year, you would never even be tempted to touch that three million.

But that's only one way to make money, and I'm guessing none of us are using it, or we wouldn't be here.

(and now back to your regularly scheduled class)

you need money to make money. cos in every business, there is always a capital investment to get started with.

It depends on the person, some people make a sale without spending a dime, their main tool is "sales talk" and "charisma".

I agree with the "no" answers here. I've made a significant amount of money (to me; it might not be significant to others!) from writing online, and I haven't invested a dime in my memberships to writing sites!

I'd say the answer is fairly straight forward.

You don't need money to get started, but you do need something to invest, such as your own time and effort. You will never get money for nothing.

At the same time, the more money you have, the more you can make. As you make more money, you can reinvest in yourself, and begin to experience an exponential growth pattern.

Sure , need money to get money
any job needs money to get money , doesn't it ?

False.

You do not need money to make your initial money.

Money is required for a greater deal of money.

true.. no matter how small you put for investment..there is nothing free in this world..only the key is small invest high value..

In theory you don't need money to make money. I'm not smart enough to do that yet. All the money I make is a result of some investment, even though it may be as small as a $10 domain.

False...
You can make money without money, but will earn money faster if you have money to invest.

i have put together a quite a few business deals by using no money and making quite a bit, it is possible but there is alot of preperation for executing the plan at the right time

Kind of a dilemma, like you need working experience in order to get a job, but I think this is not absolute, right?

Hard work,commitment, enthusiasm then money.

I think this when the term cause and effect come into play. In todays world energy and money are kind of twin brothers. What you put in you surely will get out. If there is no money in your possession then all you have is energy, you most definitely should us it. On the other if the money, funds is available use it, it will have the same effect.

You don't need money, especially if your a Warrior Forum regular!

I would have to say that I think that you don't always need money- you can sometimes trade talent for service.
Saying that you need money might just be an excuse and if you really need the money you'll think about every way you can get it. Even if you have to beg until you get enough to do what needs to be done.

If you have the will to do something, the lack of money will not get in your way!

True. Even if one have the talents to earn money with, he would still at least need some money to buy some food or drink to remain alive till he is paid.

I think the essence should be how much money is needed to make ten, twenty or one thousand dollars.

False.. You can still earn money by investing your personal time and effort.. Even with money, you can't earn with it without doing anything..

No it's not true, well you can make money faster if you use money, but lets say you make a site, if you don't know how to code, you use blogger.
Then you install a nice theme, and you start publishing articles daily. But once enough is published, you work on the SEO, build backlinks, and etc, this can all help a lot, you earn from adsense. Simple and easy.

In my opinion it's what you invest that matters...you can invest money to make money. but you can also invest your time, effort,talent, relations to make money, too!
If you think that you MUST have money to make money, then you are poor on anything else.

Bull ****. I started my ghosting service on less than $50 bucks. I wouldn't even have spent that much, except I paid for membership to E1kad, and that was where I got my bright idea to sell my writing services, so I consider that part of my start-up costs.

Had I skipped that part and decided to go the entirely free route, I could have:

1. Set up a services blog on Blogger.com- Not the most professional, BUT workable and FREE.

2. Typed up sample articles, put them in a folder, and hit the pavement visiting local businesses, marketing my writing skills. If they wanted a website, I'd refer them to number 1! Not fun, but again..FREE.

3. Run an ad on every free site I could find, marketing my services, and start marketing on free related forums. Again...FREE.

And myriad other ways to market yourself that don't cost a dime, beyond a bit of sweat. And by market yourself I mean market services. You don't have to have money to sell a service you just need a service you can sell.

If you think there isn't something worthwhile you can do worth selling, rethink that. Make a list and write down all those things you are good at. Guaranteed at least ONE of them is a service you can market that other people can't or don't like to do themselves.

I started out at a meager $5 and $6 bucks an article, landed my first few projects the very first week I set up shop, invested some of the profit back into my business to make my service perceived as even more professional, used some of the cash to continue my marketing and writing education, and never looked back.

If you hate to write, what about other things? Techie skills, general labor skills, financial management skills, customer service skills, heck even just the ability to type or do some research. There WILL be SOMETHING you can do better than others, that you can flip the script with and actually charge for. Then it's just a matter of marketing, and just look around this forum for all the free ways to do THAT, other than what I listed above.

Warm regards,
Cori Padgett

You can make money online without money. There are many ways to do this because you can make money without creating websites or even making sales.

Put it this way there is heaps of money to go around in the world and it also doesn't mean that you need money to make money it all in the mind. Remember Like attract like...

You will make money quicker with money in the pot!
But can make significant monies with "time" investments.

I'd respond, ever heard of a man by the name of Andrew Carnegie? He was an Irish immigrant that built one of the biggest fortunes during the industrial revolution.

I would say you might not necessarily need money to make money. But of course, paying will ensure you better services.

What is more correct is that you need investment to make money. The investment might not be monetary - could be time and all, but it's an investment afterall. There's an opportunity cost for using that time which gives your time a "monetary value".

Just my 2 cents!

Zack

They say that Money is a way of keeping score.

There are millions of examples of people with unlimited resources that go broke quickly, and even more stories about the ones who started with nothing and built empires.

There are so many more critical things necessary... I think money falls way down the list.

I would support both because, in business you will have methods which doesn't need any investment. For some methods, it needs some investment to get started.

This statement is false. You don't need money to make money. Although having money does help get things started.

What you really need to make money is a combination of: determination, ability to learn from failure, and in some cases a little bit of luck.

I'm going to have to go with false, and it also has a lot to do with your mindset. There is a ton of ways to make money out there, but if one doesn't have the mindset to do it, they won't.

So if one doesn't have the mindset, they won't have to spend money on tools to make money although they probably will, they need to spend money on getting rid of their head trash.

on some minor things, you really dont need a bundle of money too get started, but to make money, you really do need money.

For my answer I'd like to quote Dan Kennedy who said that if you can't make money without money, you can't make money with money. With the internet, you can write and submit articles, set up a wordpress blog and monitize with Adsense, Amazon, Clickbank, etc.

If you can use the money wisely I would say it speed things up, but if you have no qualities to go with it , makes no difference.

If you were teaching a class and thus wanted to impart 'best practice' then I'd say that any business, including businesses that use the internet as a means of reachng one's market require money. After all, even things such as hosting require money.

What is true is that one can exchange labour for money in some instances (sweat equity) it is not a universal truth. Life and business are much improved by the use of money. Money is a 'force multiplier' as it enables the user of money to buy in services from people well skilled at the service provision. For example, I CAN do my own link building, I can write articles but if I am better at writing articles than link building then it is probably better for me to pay somebody to do link building and for me to write more articles. This is a more efficient use of my time but I need cash to do this. I CAN do both and I accept that my business is, as a result less efficient than it could be.

So, you do not need much money to make money but you will almost certainly need some!

True. If you dont have money?.How will you you make money.So you need money to make money.You must invest money to make money.

well...they say "money makes money"... but from my point of view
you can also "lose it if you don't know how to use it" so it sound like a big FALSE
unless... you invest it to >>>
>>>LEARN HOW TO EARN >>> which by then you could say MONEY helps.
well the bottom line is what you need is:
to want to LEARN HOW TO EARN

False for me.. I don't think we still need money to earn money. Maybe we need money to earn BIGGER money.

In fact it's true, because anyway you need money to realize your idea. But you just need to know how to get money to invest in your idea. I agree with other warriors at this point of view.

I would hav to say that you need knowledge and access more so than money. But money definitely helps .

You do need money...but it doesn't have to be YOUR money!

That's what partners are for, and the whole 'broker' business model...

ya but partnerships can be disastrous, one makes money and the other asks where did it go????

false. I started off with no investment.

It depends on the situation.. But, not always , this is for sure.