It Takes Money to Make Money? Do YOU Agree?

14 years ago

Great post.

Its true, having something to start with may be an advantage or a bonus but ITS NEVER a pre-requisite to become successful and make money.

Its hard work, commitment and perseverance that will make you one, and also,
BE RESOURCEFUL!!!

We are always presented with options at hand. Make use of the available free resources everywhere. Its just a matter of determining which one work and not work.

Again, it only takes YOU to be successful, to make money, not money to make money.

Regards.
Chris

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14 years ago

i'm a firm believer of doing it yourself without a huge amount of money to start with.
Remember back in the days , the big names also started with nothing.
Don't get overwhelmed with offers, do your own thing, and as the op mentioned : read, learn, fall down, stand up again , learn , read

if you have the motivation to succeed , you will succeed , if you think your project is doomed , then don't even start , that is the wrong mindset !

Good luck to all of the starters here !

Jurrie

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14 years ago

Originally Posted by Reallyranting

i'm a firm believer of doing it yourself without a huge amount of money to start with.
Remember back in the days , the big names also started with nothing.
Don't get overwhelmed with offers, do your own thing, and as the op mentioned : read, learn, fall down, stand up again , learn , read

if you have the motivation to succeed , you will succeed , if you think your project is doomed , then don't even start , that is the wrong mindset !

Good luck to all of the starters here !

Jurrie

Motivation is the key; if you don't have that you aren't going anyplace. That's what I believe.. Thanks for commenting enjoyed your point of view.

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14 years ago

Great points.

Having financial resource is a huge help but starting a business will always involve challenges and you have to be ready to face them. You don't always need to start with big money, you can start with a few dollars, less than $100 perhaps and make it grow. A lot of millionaires today started from scratch. And some may have suffered losses but through motivation, have been able to stand up again and become a bigger business.

Originally Posted by Reallyranting

i'm a firm believer of doing it yourself without a huge amount of money to start with.
Remember back in the days , the big names also started with nothing.
Don't get overwhelmed with offers, do your own thing, and as the op mentioned : read, learn, fall down, stand up again , learn , read

if you have the motivation to succeed , you will succeed , if you think your project is doomed , then don't even start , that is the wrong mindset !

Good luck to all of the starters here !

Jurrie

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14 years ago

Originally Posted by chrisbiz

Great post.

Its true, having something to start with may be an advantage or a bonus but ITS NEVER a pre-requisite to become successful and make money.

Its hard work, commitment and perseverance that will make you one, and also,
BE RESOURCEFUL!!!

We are always presented with options at hand. Make use of the available free resources everywhere. Its just a matter of determining which one work and not work.

Again, it only takes YOU to be successful, to make money, not money to make money.

Regards.
Chris

Having some money helps, but you can earn that on a job while you build your foundation for you empire. I agree with you the YOU is the most important part to becoming successful.

Thanks for the commenting

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Vikki

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13 years ago

Very enriched post lol.I totally agree with the concept that it takes money to make money.
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franburns21

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12 years ago

i agree with you but have to admit i learned the hard way , i spent alot of money thinking that in order to make more i had to first spend some , i only wish that i knew the things i know now ,but there is no use crying over spilt milk because its all about making mistakes and learning from them. im alot more confident now and more aware of the hype out there that is ripping people off so im kind of glad the way things worked out as its taught me alot and i eventually found a programme that has made me alot of money from a very small one time investment ,so i 100% agree that with the right knowledge and guidance you can make money with very little or none at all .
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14 years ago

Originally Posted by chrisbiz

Great post.

Its true, having something to start with may be an advantage or a bonus but ITS NEVER a pre-requisite to become successful and make money.

Its hard work, commitment and perseverance that will make you one, and also,
BE RESOURCEFUL!!!

We are always presented with options at hand. Make use of the available free resources everywhere. Its just a matter of determining which one work and not work.

Again, it only takes YOU to be successful, to make money, not money to make money.

Regards.
Chris

precisely correct! its in your will to do the hardwork to be successful and resourceful in every endeavor without money, but it can help in any ways.

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14 years ago

Its true, having something to start with may be an advantage or a bonus but ITS NEVER a pre-requisite to become successful and make money.

Its hard work, commitment and perseverance that will make you one, and also,
BE RESOURCEFUL!!!

Agreed with Chris, and this is definitely one characteristic of Pinoy that we can be proud of!

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14 years ago

Originally Posted by Una1

Agreed with Chris, and this is definitely one characteristic of Pinoy that we can be proud of!

Thank you for teaching me something new today. I didn't know what Pinoy was so I had to look it up.

Interesting, and very positive!!!
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14 years ago

I think to a certain degree, you must have some money to bump yourself to the next level. But I still think that you can achieve a lot on a limited budget.
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14 years ago

This is a really nice post.
Well, i would say it takes what you have to get what you want.Whether being broke or not, i think you really don't need money to get money...You need determination, courage and most importantly NEVER GIVE UP... Everything else will follow.
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14 years ago

thank you for the informative article
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14 years ago

Originally Posted by chrisbiz

Great post.

Its true, having something to start with may be an advantage or a bonus but ITS NEVER a pre-requisite to become successful and make money.

Its hard work, commitment and perseverance that will make you one, and also,
BE RESOURCEFUL!!!

We are always presented with options at hand. Make use of the available free resources everywhere. Its just a matter of determining which one work and not work.

Again, it only takes YOU to be successful, to make money, not money to make money.

Regards.
Chris

I am agree with you, really starting any kind of business need positive attitude and confidence.

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RShantel

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13 years ago

Yes,I would say there is no doubt in it that it takes money to make money but the amount depends on our intelligence n effectiveness.
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11 years ago

Originally Posted by chrisbiz

Great post.

Its true, having something to start with may be an advantage or a bonus but ITS NEVER a pre-requisite to become successful and make money.

Its hard work, commitment and perseverance that will make you one, and also,
BE RESOURCEFUL!!!

We are always presented with options at hand. Make use of the available free resources everywhere. Its just a matter of determining which one work and not work.

Again, it only takes YOU to be successful, to make money, not money to make money.

Regards.
Chris

Money is a bonus. My PPC did not work, so I reverted to Youtube. Got something happen on a video before and all through free resources that I got. It means I will return to youtube like a dog returns to *****. It works! Youtube can be a trusty little bugger. I like it fortunately because I DID have an event happen there and I plan to repeat it. Good event, actually.

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14 years ago

I agree with you, but to accomplish something you need to sacrifice the others.

One may trade money with his time.
Or other, they trade the ego (making debt is not prestigious at all)

Nice post by the way.

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14 years ago

Originally Posted by Raja Kamil

I agree with you, but to accomplish something you need to sacrifice the others.

One may trade money with his time.
Or other, they trade the ego (making debt is not prestigious at all)

Nice post by the way.

You are so correct! Time is one of the key factors. In the beginning you have to invest the time to make the money. After you make the money then you can trade the money for someone else's time and make even more money.

Enjoyed your comment.

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14 years ago

Originally Posted by Raja Kamil

I agree with you, but to accomplish something you need to sacrifice the others.

One may trade money with his time.
Or other, they trade the ego (making debt is not prestigious at all)

Nice post by the way.

Hear2x!!

You don't necessarily need to have money to get money. You can use your skills, your ideas and your creativity, learn how to market them, and earn money.

But money is DEFINITELY one way of leveraging things!

From an Internet marketers perspective, you need to outsource certain tasks (you need money for this) in order to free up time for you to focus on other important things.

Now if you're just starting, and you don't have enough sPare money to invest in softwares and outsourcing, you CAN do things yourself. But it will take time. After all, you're only one person and you only have 24 hours in a day (minus sleeping, eating and other daily activities). But it is one way of learning the ropes in Internet marketing.

So in the IM world, although it doesn't take money to have money, you'll have money faster by investing money!

Cheers,

Gie

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14 years ago

Originally Posted by gie grace

Hear2x!!

You don't necessarily need to have money to get money. You can use your skills, your ideas and your creativity, learn how to market them, and earn money.

But money is DEFINITELY one way of leveraging things!

From an Internet marketers perspective, you need to outsource certain tasks (you need money for this) in order to free up time for you to focus on other important things.

Now if you're just starting, and you don't have enough sPare money to invest in softwares and outsourcing, you CAN do things yourself. But it will take time. After all, you're only one person and you only have 24 hours in a day (minus sleeping, eating and other daily activities). But it is one way of learning the ropes in Internet marketing.

So in the IM world, although it doesn't take money to have money, you'll have money faster by investing money!

Cheers,

Gie

Great point! You can start making money without having money; but to grow your money you need to invest the money you earn. The more money you earn the more money you can make.

BUT, what a lot of people don't realize is that not only can you earn money faster when you have money, but you can also lose it fast too!

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12 years ago

Originally Posted by Raja Kamil

I agree with you, but to accomplish something you need to sacrifice the others.

One may trade money with his time.
Or other, they trade the ego (making debt is not prestigious at all)

Nice post by the way.

This is true for sure. Short of winning the lottery: you either need to spend money or time. "Time is money" as the age-old quote goes. So really even if you aren't spending physical cash, you're still spending, cause you could be working at a minimum wage job during the time you are building an empire and making cash.

I'm all for being an entrepreneur though; just offering a different perspective.

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14 years ago

I would say it takes money but little if any of it if one uses his smarts. That's my own experience online, started with nothing, joined Clickbank for free, started promoting some hops and took me a year learning/promoting before I finally made $4.21 for a lone sale at Clickbank.

I reinvested the $4 back and pitched in much more to get a hosting provider which were expensive at the time for my first web site which took me almost a full year to build up 7 or 8 pages worth. So It took no money to get first sale but if I wanted to reach my next short term goal, I had to invest for hosting, then it wasn't until eBay popped up before I started earning a good income.

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14 years ago

Originally Posted by alcymart

I would say it takes money but little if any of it if one uses his smarts. That's my own experience online, started with nothing, joined Clickbank for free, started promoting some hops and took me a year learning/promoting before I finally made $4.21 for a lone sale at Clickbank.

I reinvested the $4 back and pitched in much more to get a hosting provider which were expensive at the time for my first web site which took me almost a full year to build up 7 or 8 pages worth. So It took no money to get first sale but if I wanted to reach my next short term goal, I had to invest for hosting, then it wasn't until eBay popped up before I started earning a good income.

I agree that you need money to put back into your business and that can be earned from a job while you develop your future business. That is something I'm currently doing, it helps that I my "day job" is in the IT field so I what I do reinforces my online venture.

But that's all part of the process, doing what you have to, to build your business and become successful.

Thanks for sharing and glad to hear you're doing good online now.

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14 years ago

Originally Posted by scortillion

I agree that you need money to put back into your business and that can be earned from a job while you develop your future business. That is something I'm currently doing, it helps that I my "day job" is in the IT field so I what I do reinforces my online venture.

But that's all part of the process, doing what you have to, to build your business and become successful.

Thanks for sharing and glad to hear you're doing good online now.

I wasn't always doing good, don't get me wrong. Even nowadays there are some good months and the not so good ones. There's always another hill to climb. I am much happier now than I was back then even though my earnings have dropped considerably.

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14 years ago

It is not the basis of all but idea is the king,but it does surplement
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14 years ago

Sometimes yes because you need to invest and sacrifice some money for you to be successful.
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13 years ago

Hey, I would like to know, I hear people saying they get paid nicely every week from clickbank affiliate... How is that? I still can't find the answer.
I have a click bank account. promoted on a junk website and NO $$$$
anyone why please ?????
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14 years ago

AWESOME post

, I like the outa the box thinking! And I am a very firm believer that you can start with nothing and end with everything. However, that being said on the route to everything you may have to flip a few burgers first

. Maybe thats just me though....

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14 years ago

Originally Posted by RaptorGabe

AWESOME post

, I like the outa the box thinking! And I am a very firm believer that you can start with nothing and end with everything. However, that being said on the route to everything you may have to flip a few burgers first

. Maybe thats just me though....

I started by flipping burgers a long time ago, have been in the military, got an education, work in the IT field and now I'm going to become a millionaire and become totally free and do what I want!

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14 years ago

it helps, but probably is not mandatory

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14 years ago

The only way to beat fire is to use fire.

Why not the same concept go for money.

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14 years ago

Originally Posted by Tenshi

The only way to beat fire is to use fire.

Why not the same concept go for money.

I have heard that on the cutting edge of the field of fire-fighting the mavericks are using an obscure liquid known as H2O, with promising results, so who knows, they might stop fighting fires by lighting new ones soon.

On the cutting edge of the field of going from dead broke to running a profitable business, is a new concept known as "offering your skills and time in exchange for some start-up dough".
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14 years ago

Great post and I agree 100% I ran into a guy the other day who said you need money to make money. That is just an easy way of justifying a persons failures.

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14 years ago

Originally Posted by entrepreneurjay

Great post and I agree 100% I ran into a guy the other day who said you need money to make money. That is just an easy way of justifying a persons failures.

I agree, it gives people the excuse not to try or take the chance. If you accepted the fact that you didn't need money to make it then you would either have to believe that it's your fault you're not making money or find another excuse to use instead.

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14 years ago

I agree with you Scortillion

We have 2 things in common: our brain, and 24 hours a day.

In fact, people use them in different ways. Most of them trade their time for money without using their brain to "think". Others use their brain to create their outer wealthy world. They make money from "air", and people just say "boy, you are just lucky" LOL!

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14 years ago

Originally Posted by Duy Nguyen

I agree with you Scortillion

We have 2 things in common: our brain, and 24 hours a day.

In fact, people use them in different ways. Most of them trade their time for money without using their brain to "think". Others use their brain to create their outer wealthy world. They make money from "air", and people just say "boy, you are just lucky" LOL!

exactly trading time for money is the most foolish thing to do .... thanks for that Nguyen ...

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14 years ago

Originally Posted by scortillion

I agree, it gives people the excuse not to try or take the chance. If you accepted the fact that you didn’t need money to make it then you would either have to believe that it’s your fault you’re not making money or find another excuse to use instead.

It's easy for people to rationalize it this way, and it gives them an easy way out of doing anything that will truly change their lives - if you don't elevate your thinking beyond that of an average wage worker (the majority of who subscribe to the adage that it takes money to make money), then you'll remain at that level for the rest of your life.

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14 years ago

I firmly believe that it is entirely possible to become very wealthy starting with practically nothing.

It all boils down to mindset. If you tell yourself you can begin making money starting with no money at all, you can and you probably will. If you tell yourself you can't, you're probably right as well.

If you want something badly enough, having no money will not be a permanent obstacle to your success. You will find some way around, under or over this initial obstacle if your desire and belief is strong enough.

It's sad that so many people these days throw around the phrase that "you cannot make money without having some money first" like it's the truth. While I don't deny that it will probably make things easier and faster, it won't stop the determined person from finding a way to get started without a single dime.

Paul

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14 years ago

It sure helps if you have money. If you can afford good software and outsourcing instead of using trial versions and open source, and doing everything from installing shopping carts to writing articles, it makes it easier.

Not to mention that the results are probably better, unless you're a genius with 24/7 free time

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14 years ago

Originally Posted by Grazina Ajana Szewczyk

It sure helps if you have money. If you can afford good software and outsourcing instead of using trial versions and open source, and doing everything from installing shopping carts to writing articles, it makes it easier.

Not to mention that the results are probably better, unless you're a genius with 24/7 free time

Exactly, money makes it alot easier. Yes, it's POSSIBLE to achieve great success starting from nothing, but it's not likely. That is like saying that a person in a footrace can still win even if they have to start from 30 yards behind his competitors starting point.

Yes he CAN, it's POSSIBLE, but will he LIKELY? No. And if he does win or even come close to winning his name will be known because of his UNLIKELY feat. Same goes for the people named in the OP, they are known because they are the UNLIKELY exceptions and exceptions do not swallow the rule. It takes money to make money.

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14 years ago

Originally Posted by paulie888

I firmly believe that it is entirely possible to become very wealthy starting with practically nothing.

It all boils down to mindset. If you tell yourself you can begin making money starting with no money at all, you can and you probably will. If you tell yourself you can't, you're probably right as well.

Last year, I posted a thread frantically asking fellow Warriors to help me. I wanted to start a business, but I only had a dollar in my PayPal account.

Today, I now have my very own ghostwriting website. I hired myself out at oDesk. With my earnings, I bought a ghostwriting course and a domain and paid for hosting. Ghostwriting is no longer just a job for me; it has become a business. I will branch out to other online businesses once I have enough money to invest. I look forward to the day when I'm making millions.

So yes, Paul is right. It all boils down to mindset. We have to believe it's possible to become wealthy starting with nothing. However, our faith and belief must be coupled with action. We need to do what it takes to make our dreams come true. Best wishes, everyone!

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14 years ago

Last year, I posted a thread frantically asking fellow Warriors to help me. I wanted to start a business, but I only had a dollar in my PayPal account.

Today, I now have my very own ghostwriting website. I hired myself out at oDesk. With my earnings, I bought a ghostwriting course and a domain and paid for hosting. Ghostwriting is no longer just a job for me; it has become a business. I will branch out to other online businesses once I have enough money to invest. I look forward to the day when I'm making millions.

So yes, Paul is right. It all boils down to mindset. We have to believe it's possible to become wealthy starting with nothing. However, our faith and belief must be coupled with action. We need to do what it takes to make our dreams come true. Best wishes, everyone!

that's exactly what I need right now, thanks, Diane

knowing that other people succeed no matter where they start is very motivating when it get's a bit tough

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14 years ago

Originally Posted by cyberdenizen

Last year, I posted a thread frantically asking fellow Warriors to help me. I wanted to start a business, but I only had a dollar in my PayPal account.

Today, I now have my very own ghostwriting website. I hired myself out at oDesk. With my earnings, I bought a ghostwriting course and a domain and paid for hosting. Ghostwriting is no longer just a job for me; it has become a business. I will branch out to other online businesses once I have enough money to invest. I look forward to the day when I'm making millions.

So yes, Paul is right. It all boils down to mindset. We have to believe it's possible to become wealthy starting with nothing. However, our faith and belief must be coupled with action. We need to do what it takes to make our dreams come true. Best wishes, everyone!

cyberdenizen, you are right on!! OP, good thread. great question. My hero and inspiration for building an IM business is Tiffany Dow. I believe that she started her flourishing IM biz w/ as many free resources as she could find; once she started earning some income from offering a service through she internet like ghostwriting, she could then afford to invest some money in her business.

I think more than a few folks who say you have to have money to make money tend to use it as an excuse.

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14 years ago

Originally Posted by cyberdenizen

Last year, I posted a thread frantically asking fellow Warriors to help me. I wanted to start a business, but I only had a dollar in my PayPal account.

Today, I now have my very own ghostwriting website. I hired myself out at oDesk. With my earnings, I bought a ghostwriting course and a domain and paid for hosting. Ghostwriting is no longer just a job for me; it has become a business. I will branch out to other online businesses once I have enough money to invest. I look forward to the day when I'm making millions.

So yes, Paul is right. It all boils down to mindset. We have to believe it's possible to become wealthy starting with nothing. However, our faith and belief must be coupled with action. We need to do what it takes to make our dreams come true. Best wishes, everyone!

That's awesome. I love reading stories like this. It's great motivation to keep doing what I'm doing despite minimal results.

In response to this thread topic: I was just thinking the other day that I need money to make money, and this thread completely changed my mind.

Now if I could just fit more than 24 hours in a day

It's good to have the support of like-minded people here. None of my friends are internet marketers and they all think I'm crazy.

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14 years ago

Originally Posted by Nathaniell

That's awesome. I love reading stories like this. It's great motivation to keep doing what I'm doing despite minimal results.

In response to this thread topic: I was just thinking the other day that I need money to make money, and this thread completely changed my mind.

Now if I could just fit more than 24 hours in a day

It's good to have the support of like-minded people here. None of my friends are internet marketers and they all think I'm crazy.

Just create a free blog and focus on one topic; SEO it and promote it; then create more each focusing on one topic (niche) or just a single product.

To help:

I've managed to accumulate a large number of products over the years that I'll think I'll put together and give to anyone that is in need of something to sell. I'll make them Private Label Right products so you can use them as is or recombine them into your own products.

Anything special you guys are looking for? Also if anyone would like to contribute to this package just let me know. I'll try to put it together and have it ready by mid June 2011.

This should help people out that are starting with nothing.

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14 years ago

Originally Posted by cyberdenizen

Last year, I posted a thread frantically asking fellow Warriors to help me. I wanted to start a business, but I only had a dollar in my PayPal account.

Today, I now have my very own ghostwriting website. I hired myself out at oDesk. With my earnings, I bought a ghostwriting course and a domain and paid for hosting. Ghostwriting is no longer just a job for me; it has become a business. I will branch out to other online businesses once I have enough money to invest. I look forward to the day when I'm making millions.

So yes, Paul is right. It all boils down to mindset. We have to believe it's possible to become wealthy starting with nothing. However, our faith and belief must be coupled with action. We need to do what it takes to make our dreams come true. Best wishes, everyone!

Truly Inspiring. Our mind is very powerful, if we really want to attain something or even become someone and we put both our mind and heart to do it then there is no way that we will be successful.

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14 years ago

You don't need money in order to be making money. I'm 18 years old, for gods sake.

I started out with article writing. When I had enough money to pay for hosting and a domain -- I did. I also learned SEO and affiliate marketing.

As of today, I'm one hell of a successful guy.

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14 years ago

You have to invest something, whether it is your time or money does not matter that much. If you can´t afford to spend 1 dollar then you just have to work to get the money you need to get started - becuase you will need money somewhere down the line.

Time is money and money is time. To try to differs them in terms of investing is simply wrong.

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14 years ago

While it's very true you need marketing and such to make money, you don't need to have tons of money to begin with. Article writing got me money to pay bills and then eventually invest in marketing training so I could go way beyond that. Plenty of brick-and-mortar business owners entered this country with literally nothing and went on to make massive profits.

Sometimes having a lot of money in hand can zap your creativity and willingness to work hard to create a viable business.

Stephanie
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14 years ago

Originally Posted by Andre Hegge

You have to invest something, whether it is your time or money does not matter that much. If you can´t afford to spend 1 dollar then you just have to work to get the money you need to get started - becuase you will need money somewhere down the line.

Time is money and money is time. To try to differs them in terms of investing is simply wrong.

I would like to think time is invaluable, but money is not equal to time, once we wasted our time, we will never be able to get it back. You can however leverage on other people time to do things we do not like doing, hence saving our time. This is why I love this IM business, that does not require me to actively selling my time for money.

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14 years ago

Originally Posted by hueyliew

I would like to think time is invaluable, but money is not equal to time, once we wasted our time, we will never be able to get it back. You can however leverage on other people time to do things we do not like doing, hence saving our time. This is why I love this IM business, that does not require me to actively selling my time for money.

I agree! The only way to add more time to your day is to outsource the things you do not know how to do.

Granted in the beginning you need to do a lot of the stuff yourself, but as you earn money you should outsource as much as you can afford and keep growing your business.

Too many times people think they are saving money by doing everything themselves when they are actually hurting themselves and their business.

Do what you can to grow your business, hire others to do what you cannot do or do not have time for.

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13 years ago

Originally Posted by It Should Be Easy

You have to invest something, whether it is your time or money does not matter that much. If you can´t afford to spend 1 dollar then you just have to work to get the money you need to get started - becuase you will need money somewhere down the line.

Time is money and money is time. To try to differs them in terms of investing is simply wrong.

I couldn't agree more. You won't get far if you don't invest anything at all at the beginning (i.e. time or money), and you will probably need to invest money at some stage in order to scale your business up and allow it to reach its full potential.

There are LOADS of people who started with nothing and ended up millionaires. Every single one of those people, though, gave up a very, very large chunk of their time in the beginning.

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14 years ago

On the money post here.

Money is of the mind. You don't need anything outside of your mind to create the life of your dreams. And when you become attached to any one thing outside of yourself to make money - whether it's money, a person, or certain circumstances - you will be bound to the attachment and ignore the power of your mind, which is where all things are created.

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14 years ago

I would say it takes money to make big money,

But there are TONS of ways to get little bits of cash to trickle in for free.

Time, on the other hand, is required.

The more money you spend, the less time you have to work, basically.

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14 years ago

Originally Posted by Lazy

I would say it takes money to make big money,

But there are TONS of ways to get little bits of cash to trickle in for free.

Time, on the other hand, is required.

The more money you spend, the less time you have to work, basically.

AND...

the MORE TIME you work + the MORE MONEY to spend
=the MOST MONEY to earn

Regards.
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14 years ago

A very dynamic and inspiring article )
I also beleive that everything you need in your life - is your mind+actions. Whatever you're going to make.
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11 years ago

Originally Posted by Lazy

I would say it takes money to make big money,

But there are TONS of ways to get little bits of cash to trickle in for free.

Time, on the other hand, is required.

The more money you spend, the less time you have to work, basically.

And its harder to make big money these days as so many people copy your ideas immediately when you come up with something new and if you don't have money to push it up, someone who has more money, will take your idea and pull it up to the market, Sad reality as it is.

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14 years ago

I think money determines the level of difficulty. The more you have the easier it is to make more of it. The less the harder.

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14 years ago

Originally Posted by HaydenR

I think money determines the level of difficulty. The more you have the easier it is to make more of it. The less the harder.

Good way of looking at it! But I have seen people that get their hands on a sum of money and it's gone by the end of the month if not sooner. So it may be easier, but I still believe the person themselves are total responsible.

But I do like your point!

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14 years ago

Originally Posted by scortillion

Good way of looking at it! But I have seen people that get their hands on a sum of money and it's gone by the end of the month if not sooner. So it may be easier, but I still believe the person themselves are total responsible.

But I do like your point!

I think this is born of the job mindset, which somehow presumes that one must spend all the money they get on payday quickly. This habit seems to be ingrained in many of us from social and cultural conditioning, and it is a hard one to get rid of.

If we get rid of this job mindset where we're working for someone else, I truly believe that a world of abundance awaits - but only if we change our attitude to reflect that. We are now entrepreneurs in charge of our destiny, and true entrepreneurs do not need everything to be 'perfect' before they start taking inspired action!

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14 years ago

It takes either time or money to make money.

But money is easier. Because you can leverage others.

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14 years ago

Well, it takes some money to make money.

The bottom line is this. If you are trying to start a business you need a little money and a good mind. All you need to get started is a web host account, auto responder, and domain name.

A web hosting account with Host Gator is about 59.00 every six months. An account with Aweber is around 19.00 a month or 179.00 a year. Lastly, domain names are dirt cheap.

You will need two domain names. Use one for the blog and one for your squeeze page. The balance of the tools you can use for free. I’m talking about HTML editor etc.

Build a squeeze page a drive traffic to it, and build a list.

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14 years ago

I agree that you definitely need to invest in a domain name, hosting, and an autoresponder service you want to be successful in Internet Marketing. There is no way around it. I can assure you that if you work hard make back your investment in a month. Nobody should be complaining about the costs involved in setting up your own online business as compared to setting up a an offline business.

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14 years ago

Originally Posted by SamBennett

I agree that you definitely need to invest in a domain name, hosting, and an autoresponder service you want to be successful in Internet Marketing. There is no way around it. I can assure you that if you work hard make back your investment in a month. Nobody should be complaining about the costs involved in setting up your own online business as compared to setting up a an offline business.

Oh, I agree, you need your own domain and hosting eventually, but if you are totally strapped for cash you can start with the free stuff (no money); but to grow and truly be successful you are correct, you need your own domain and hosting and a number or other things.

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Banned 14 years ago

Wrong!

I started out with Adsense + Blogger, I created a site with about 500+ pages of free content to get free traffic.

My first six months I made around $1,300.

I look back at that first free site, & realize I didn't have a clue wtf I was doing, ha, ha!

The thing is, I made money back then + I still get a check from that free Blogger website every single month. That's at least 5 years worth of FREE money.

It's been almost 2 years since I last updated that Blogger site.

You don't need money to make money.

Originally Posted by James Clark

Well, it takes some money to make money.

The bottom line is this. If you are trying to start a business you need a little money and a good mind. All you need to get started is a web host account, auto responder, and domain name.

A web hosting account with Host Gator is about 59.00 every six months. An account with Aweber is around 19.00 a month or 179.00 a year. Lastly, domain names are dirt cheap.

You will need two domain names. Use one for the blog and one for your squeeze page. The balance of the tools you can use for free. I'm talking about HTML editor etc.

Build a squeeze page a drive traffic to it, and build a list.

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14 years ago

Originally Posted by yukon

Wrong!

I started out with Adsense + Blogger, I created a site with about 500+ pages of free content to get free traffic.

My first six months I made around $1,300.

I look back at that first free site, & realize I didn't have a clue wtf I was doing, ha, ha!

The thing is, I made money back then + I still get a check from that free Blogger website every single month. That's at least 5 years worth of FREE money.

It's been almost 2 years since I last updated that Blogger site.

You don't need money to make money.

These stories are always GREAT to hear. Love to see people succeed!

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14 years ago

Originally Posted by paulie888

I think this is born of the job mindset, which somehow presumes that one must spend all the money they get on payday quickly. This habit seems to be ingrained in many of us from social and cultural conditioning, and it is a hard one to get rid of.

If we get rid of this job mindset where we're working for someone else, I truly believe that a world of abundance awaits - but only if we change our attitude to reflect that. We are now entrepreneurs in charge of our destiny, and true entrepreneurs do not need everything to be 'perfect' before they start taking inspired action!

It's sad to say, but most people learn how to spend their money so fast from their parents; and school does nothing to help you get ready for the real world of life. If it did it would teach you how to successful and wealth so you can help yourself, your family and society.

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13 years ago

Originally Posted by paulie888

I think this is born of the job mindset, which somehow presumes that one must spend all the money they get on payday quickly. This habit seems to be ingrained in many of us from social and cultural conditioning, and it is a hard one to get rid of.

If we get rid of this job mindset where we're working for someone else, I truly believe that a world of abundance awaits - but only if we change our attitude to reflect that. We are now entrepreneurs in charge of our destiny, and true entrepreneurs do not need everything to be 'perfect' before they start taking inspired action!

I think you're spot on!

Very well said. Thank you for that.

-- Reno

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scortillion

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13 years ago

Originally Posted by Reno X

I think you're spot on!

Very well said. Thank you for that.

-- Reno

paulie888 is correct; far too many people focus on a job rather than a business. I know a few people who like to tell everyone they own their own business. But in reality what they own is their own job.

The book "Rich Dad! Poor Dad!" makes the distinction between owning a business opposed to owning a job.

If you want to know which one you own just ask yourself this question: "If I take a day off does the business still run and make me money?" If the answer is yes they you own a business; but if you take the day off and the business has to close and you don't make any money, then you own a job.

Too many people actually own a job and don't realize it because they have a job mindset.
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13 years ago

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13 years ago

Originally Posted by scortillion

paulie888 is correct; far too many people focus on a job rather than a business. I know a few people who like to tell everyone they own their own business. But in reality what they own is their own job.

The book "Rich Dad! Poor Dad!" makes the distinction between owning a business opposed to owning a job.

If you want to know which one you own just ask yourself this question: "If I take a day off does the business still run and make me money?" If the answer is yes they you own a business; but if you take the day off and the business has to close and you don't make any money, then you own a job.

Too many people actually own a job and don't realize it because they have a job mindset.

This is so true.Thank you.I hated my job even though i had my own business;-)

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13 years ago

Originally Posted by paradoxical

This is so true.Thank you.I hated my job even though i had my own business;-)

I had the chance to buy a business (job) but when you looked at it closely you know there was no way you could ever take any time off without losing money. When starting a business you may have to work a lot of hours and really hard to get it started, but your ultimate goal it to automate it and hire others to run it.

Your job is over seeing it, managing it, and making it grow. Be carefule when buying or starting a business. Keep in mind that you can end up owning a job if you don't plan ahead and work with that goal in mind.
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14 years ago

Originally Posted by HaydenR

I think money determines the level of difficulty. The more you have the easier it is to make more of it. The less the harder.

Another way to look at it may be, the more money you have the fewer reasons you have to suceed. I know many a wanna be IM that threw a few k at the "business" and failed.
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14 years ago

Very inspiring article. Sometimes i feel like I need to have money to make it big, and it frustrates me. But this opened my eyes, if you can believe it, you can achieve it

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14 years ago

I agree with you.

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14 years ago

I believe it does NOT take money to START making money.
It does take money to make REAL money...if you know what I mean

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14 years ago

Great thought provoking post:

But today it takes money and creative ideas to make money in my opinion. I discovered these two facts:

1. The More Creative The Idea ... The Less Money You Need To Succeed.

- or -

2. The Less Creative The Idea ... The More Money You Need To Succeed.

You don't necessarily need gobs of money to get started, but you need it to keep going and to raise you to the next level. The only other thing that can do this is creative ideas.
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14 years ago

It takes dedication to make money and that's the only thing you have to focus on.

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14 years ago

Err.. actually yes I would agree it takes money to make more money.. all those poor to rich examples you gave are people who had to slog it out in the beginning to make that initial income.. but once you get a solid base of funds.. growing it is a money makes money process.

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14 years ago

Originally Posted by HaydenR

Err.. actually yes I would agree it takes money to make more money.. all those poor to rich examples you gave are people who had to slog it out in the beginning to make that initial income.. but once you get a solid base of funds.. growing it is a money makes money process.

As you just said it doesn't take money to make money because "people slogged it out in the beginning". You have to work hard to make the money in the beginning then you invest what you earn, but that is all part of making money.

If you don't reinvest what you earn then no one would ever make a great deal of money.

But to start you don't "need" money to make it. What you do need it the knowledge how to make what you earn grow and the motivation and mind set to succeed.

I agree with what you say, in the begining you have to work hard at it, but as you reinvest what you earn it does come easier.

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14 years ago

Originally Posted by HaydenR

Err.. actually yes I would agree it takes money to make more money.. all those poor to rich examples you gave are people who had to slog it out in the beginning to make that initial income.. but once you get a solid base of funds.. growing it is a money makes money process.

I agree with you absolutely!

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14 years ago

I think with the world and how it is today, it would be alot easer to make money without any money. I think back in the days you could still make money but it was more difficult. But you can also look at it in terms of what you are trying to do to make money.
If you were dealing drugs then I feel that would be easier to make money without an upfront cost. But if you where in something like pouring concrete then you may be required an upfront cost.

I would answer this questions as a yes and no because you would need to take in consideration internal and external facts plus the time and situation your talking about.

But I have made money with no upfront cost.

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14 years ago

if you have money it is easier to make more money.

if you are broke than you have two options:

have some luck

be smart and work hard until you success

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11 years ago

Originally Posted by lesliequ0

if you have money it is easier to make more money.

if you are broke than you have two options:

have some luck

be smart and work hard until you success

Actually, there are more ways:

You can use someone else's money. Not necessarily a debt.

Partner with someone else who has money.

Partner with several people, some of whom have money.

These are a few that I can think of right now, I'm sure there's more...
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14 years ago

Basically it takes money to make money. You don't need a whole lot to get started.
Perhaps you start off with free ways online - article marketing, blogs etc. Soon you will make some money - maybe just a little.

Let's say you made your first sale - $27. You invest the $27 back into a hosting and domain name or somehow else. There's already $27 in your business and if you do it the right way it will make a lot more. Perhaps you get your page to $10 a day. Soon you can invest in new websites. You'll invest the money you've made into another site, which makes $5 a day. That's a bigger income already. You go on investing the made money into new sites until you have 10 of these up, some making $5, some $15, most $10 a day. You sell one of your sites on flippa for $300. You invest that money into new sites or promotion, maybe PPC. You soon have a full time income.

As my example shows you don't need money to make money at first, but basically to make bigger numbers you need money. Money attracts money.

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14 years ago

I don't agree! I started my business career in poverty growing up in a housing project. You can create Wealth by Developing Your Consciousness and taking action implementing ideas.

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11 years ago

Originally Posted by naruq

I don't agree! I started my business career in poverty growing up in a housing project. You can create Wealth by Developing Your Consciousness and taking action implementing ideas.

I love hearing from people that made it starting from nothing. Care to share with us a little on how you did it?

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14 years ago

Whoa, whoa, whoa. Stop.

Cash. Greenback. Federal Reserve Notes. Credits in a computer system.

All these things do is reflect value. Value is the key.

I pay greenbacks to mow my lawn. Dollar bills only reflect value of exchange. And greenbacks only reflect the value I am willing to exchange.

Money is an illusion ... this illusion only exists by our mutual agreement to its value. If you offered me bones as evidence of value, that value only exists because we agree it exists because as a society we have mutually agreed that bones represent value.

I cannot eat or drink bones nor more than I can eat or drink dollar bills. Bones represent value, nothing more.

It's the value we attribute to the bones that makes a difference, and that value is tied to a rate of exchange. If you and I agree that bones equate to certain value, then we have an exchange.

When we exchange dollars for services, it's based on an unspoken agreement of value.

Ultimately, value, whether measured in bones or dollars, is an agreement. As a lawyer, I have grown to realize that value can take many forms, depending on the agreement of the parties. The more flexible we are in identifying value, the more easily our society operates.

As marketers, we deal in exchanging dollars for value. When I buy something, I typically exchange the most readily acceptable form of exchange of value which is dollars. But I also bargain beyond that. Because in the exchange, I create value.

It is the creative exchange of desired goods that creates value. If you are hungry, but unwilling or unable to satisfy that hunger based upon your resources at the time, and I am able to satisfy your hunger, we have created a market.

I may have the knowledge and experience necessary to supply you with food if you are hungry. Depending upon your ability to satiate your hunger, you value my ability to satisfy that need. If I have the knowledge and experience to produce a good or service that will satisfy your hunger, and you do not, then a market has been created.

Consider this. If I am your only source of food, and you cannot satisfy your hunger needs by yourself, then you are faced with the proposition that either you persuade me (who has the ability of satiating your hunger with my provision skills) to give you some of my production for free, or to provide me with what I desire for less than the cost of providing what I desire without your help.

It's not that it takes money to make money. Rather, it takes the ability to provide value in exchange for value.

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14 years ago

Originally Posted by magman01

It's not that it takes money to make money. Rather, it takes the ability to provide value in exchange for value.

I agree with what you are saying but the question was addressing the belief that some people have that only the rich get richer and that a regular person, or poor person, cannot get rich because they don't have any money to start with.

I agree that it's the value of the service, but the measure of modern society is money and thus the question "does it take money to make money." If we dealt in bones then the question would be "does it take bones to make bones?"

You are correct that value must be part of the equation, but although you do not need money to begin your travel to riches you must reinvest what you earn to become wealthy. So even though you do not need money to make money, like others have said, the more money you have the faster you can make it. BUT the reverse is true too, the more money you invest the more you can lose too.

During the tech bubble I lost $1000s of dollars in the stock market. Now I didn't sit around blaming ever rich person I knew because of that, instead it was my fault for not staying on top of the market and managing the investments better.

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14 years ago

really nice post i am very i am very apreciate with this post.

Its realty no fall down about money, no need money for success. Great post !!!!

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14 years ago

I agree that money can make it easier. But, it seems to me that the biggest names made it and stayed there started with nothing. In my opinion, they seemed to learn something about themselves that can't come from buying your way to success.

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14 years ago

If I may personify the concept...

Money is only added fuel for your journey. Fuel alone however will not get you there. Your energy; your 'spark' needs to be constantly firing every day to ensure your operation; the 'engine' runs long enough to make it the ultimate destination.

Can you do it without fuel? Well, yeah - but it's analagous to making a journey on foot VS by boat, car, or plane (depending on how big your capital source).

Sure you can do it - it just might take you longer, and could be a lot more challenging too. Hell, depending on how far you want to go - it might be next to impossible to reach your desired destination without having a beefed up engine and a significant supply of long term fuel.

There are always options though, and you may be able to find some fillup stations along the way

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14 years ago

Originally Posted by Schwabe

If I may personify the concept...

Money is only added fuel for your journey. Fuel alone however will not get you there. Your energy; your 'spark' needs to be constantly firing every day to ensure your operation; the 'engine' runs long enough to make it the ultimate destination.

Can you do it without fuel? Well, yeah - but it's analagous to making a journey on foot VS by boat, car, or plane (depending on how big your capital source).

Sure you can do it - it just might take you longer, and could be a lot more challenging too. Hell, depending on how far you want to go - it might be next to impossible to reach your desired destination without having a beefed up engine and a significant supply of long term fuel.

There are always options though, and you may be able to find some fillup stations along the way

Great point! If if you have some money it won't help unless you do something to us it to make more money. In the end it is YOU that earns the money to reinvest and YOU that decides how to use the "fuel" you earn.

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14 years ago

The reason I love IM so much is that there is NO need to rely on money to make money.

You have to trade your time, yes. But anyone can make a real good living with dedication and the right mind set alone.
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14 years ago

All the great men in history believed on the statement "Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal".

And I will prove this too that you can make money online without spending even a single cent and at the same time providing an awsume value to the community.

Thanks for such An encouraging Post

Naeem Sikandar

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14 years ago

Originally Posted by Naeem Sikandar

All the great men in history believed on the statement "Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal".

And I will prove this too that you can make money online without spending even a single cent and at the same time providing an awsume value to the community.

Thanks for such An encouraging Post

Naeem Sikandar

I like it! Can't wait to see what you do! Keep us posted.

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14 years ago

I may argue that you may not need money to make money, you do need something. It can be anything; $5 or $100. The less you have to start out with, the longer it takes to make it as there will be hurdles to overcome. It comes down to how well you can turnover the money you invested and reinvest to make more.

I have personally done this. Over 15 years ago I started my window tinting business with only $100 borrowed from my cousin to purchase a roll of film. One roll covered 5 cars at $150 a piece for a profit of $750. I used some of the profit to purchase more film. I gradually built my business and was tinting about 5 cars a day.

Sales from 1 out of 10 cars would go towards the purchase of a new roll of film.
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14 years ago

I think that you do need money to make money. You may not need allot of it but you need it. Their are creative ways to getting money or borrowing money. I know being in sales people many times will say they don't have the money. If they really needed to get the money they would find it. If you start a business, your going to need money.

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14 years ago

Originally Posted by mikecole62

I think that you do need money to make money. You may not need allot of it but you need it. Their are creative ways to getting money or borrowing money. I know being in sales people many times will say they don't have the money. If they really needed to get the money they would find it. If you start a business, your going to need money.

I beleive it depends on the business you're going to start. I know if you start online you don't need a dime to get started. But to GROW the business you DO need money!

You must reinvest your profits and grow your business.

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panduari

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14 years ago

wow man,,, thanks I like your words
"Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making..."
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14 years ago

Very good post my friend. In life in today's world almost everything cost money but so long as you have an original idea then you can have money coming to you. Most of us know that you don't need money to make money but for the ones that don't, as stated earlier in the above post. Know your resources. You may not have money but your friends might (OPM = Other Peoples Money), with that said you people will say just about anything to compensate for their lack of actions.

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14 years ago

Originally Posted by Ryken

Very good post my friend. In life in today's world almost everything cost money but so long as you have an original idea then you can have money coming to you. Most of us know that you don't need money to make money but for the ones that don't, as stated earlier in the above post. Know your resources. You may not have money but your friends might (OPM = Other Peoples Money), with that said you people will say just about anything to compensate for their lack of actions.

Some may suffer from lack of action, but I believe a great many don't take action because of fear. The fear of losing their money, fear of what others may say if they fail, and other fears as well.

Of course there are those that just don't try because they are lazy, but I believe most don't try because of fear.

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jann

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14 years ago

This is great thought especially at a time like this when many people in Africa are loosing jobs instead of being employed.

Most of us have such great ideas but always give an excuse of lack of capital to get started.

I agree with you that what we have in us has more influence in our journey towards our destination than the money....It only but helps to speed up the process.

Great thought....Thank you!!!
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14 years ago

I think it is certainly possible to make money without having money to begin with, many people have certainly proven it by doing actually that over the years. In those cases, individuals had to become creative, clever, resourceful and pragmatic to find ways to become successful. As one poster mentioned earlier, a mind-set and determination to succeed goes a long way in making this happen. I know Napoleon Hill and others have talked about presenting problems to the sub-conscious mind, when there did not seem to be answers to problems, and then following their intuition and heart when life began providing those answers as a result. Some of those answers turned out to be pretty unconventional, out-of-the-box ways to achieve things, ways that the average person wouldn't have come up with on their own.

Having money I believe can speed up the process of making more money but isn't a prerequisite to making money to begin with. It may take more time and effort to make money without having money first, but it can done nonetheless.

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14 years ago

Originally Posted by scottrc

I think it is certainly possible to make money without having money to begin with, many people have certainly proven it by doing actually that over the years. In those cases, individuals had to become creative, clever, resourceful and pragmatic to find ways to become successful. As one poster mentioned earlier, a mind-set and determination to succeed goes a long way in making this happen. I know Napoleon Hill and others have talked about presenting problems to the sub-conscious mind, when there did not seem to be answers to problems, and then following their intuition and heart when life began providing those answers as a result. Some of those answers turned out to be pretty unconventional, out-of-the-box ways to achieve things, ways that the average person wouldn't have come up with on their own.

Having money I believe can speed up the process of making more money but isn't a prerequisite to making money to begin with. It may take more time and effort to make money without having money first, but it can done nonetheless.

I agree having money does speed up the process but it NOT necessary to start and make money. You just need to reinvest what you earn and not spend it.

Too many times we see income from sales only to spend it right away on something that we want instead of reinvesting it.

It's true that the more money you have the more you are able to make, but what many people fail to realize is that you also have a lot to lose if things go bad.

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pengpengy

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14 years ago

Yes, I agree with you. And good post, I like it.
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14 years ago

Money (or sources of funds, to be exact) is needed before you can engage in money-making activities. I agree with others though to be in the right mindset before you start looking for funds in your target business.
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14 years ago

I think it really depends on the type of business or money-making strategy you are trying to get started. For example, freelance writers dont really have to invest any money when starting off. Sure, it is a hard business to make money from because there is so much competition, but ultimately, with persistence and faith you can eventually find promising gigs.

I enjoyed this thread so much because it gives faith to the underdogs who are trying to make their way up in the world. Thanks for your faith!

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14 years ago

Originally Posted by Emily Johnson

I think it really depends on the type of business or money-making strategy you are trying to get started. For example, freelance writers dont really have to invest any money when starting off. Sure, it is a hard business to make money from because there is so much competition, but ultimately, with persistence and faith you can eventually find promising gigs.

I enjoyed this thread so much because it gives faith to the underdogs who are trying to make their way up in the world. Thanks for your faith!

I agree, it does, to a degree, depend on the business venture you are undertaking. But I believe a large degree of your success depends on your motivation and creativity.

It's amazing to see the many different view points that people have on this topic.

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onlinemarket01

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14 years ago

For the question, I don't think so. Not agree with it. I made money through writing articles and i spent nothing on it.
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  14 years ago
  
  Originally Posted by onlinemarket01
  
  For the question, I don't think so. Not agree with it. I made money through writing articles and i spent nothing on it.
  
  What type of articles and how long did it take for you to become successful?
  
  But that's great that you made it!!!
  
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Steve Lim

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14 years ago

For my case, normally I always able to use little money to make more money. I will spend small amount of money to start a business, then from what I earn, I just invest back to the business.. keep on doing that until have a good consistency income then I only start use the money

But I never try no money down.. is a great idea too!
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Nereah

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14 years ago

Awesome responses, it sure takes money to make money , but You the person is critical, you may have money but without focus you loose it, you may not have money and with focus, use whatever resource you have to make money, I therefore agree that the You is so important in the money making business.
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14 years ago

You may be able to make money without a lot of investment. However, and this is a big however to me, you still do need a way to pay for your keep while you are beginning. It may not take money to start an online venture, but you still may need a job to pay for rent and food.

To compare starting out today in the same way as someone could in the backwoods of America in the 1700's is like saying we really could today pay for healthcare with chickens in trade.

Those times are gone. If you are living on the streets, homeless, it will not be easy to begin anything. I'm not sayin' it ain't possible, I'm sayin' it ain't likely.
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14 years ago

Awsome post James. There are always two things you can invest. Time and money. Everyone can invest at least his time to make money (if he's not gonna die because of hard form of cancer next week). Value of our time is depending only on us.

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14 years ago

Originally Posted by Faithblaster

Awsome post James. There are always two things you can invest. Time and money. Everyone can invest at least his time to make money (if he's not gonna die because of hard form of cancer next week). Value of our time is depending only on us.

Time is actually our most valuable asset.

The more we can reclaim our time by hiring someone to do what needs to be done, the more time we have to expand our business and manage the running and development of it.

We can always make more money, but we can only get more time by hiring someone else to perform the tasks that need to be done.

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13 years ago

Obviously, a lively subject of interest. It's interesting to see just what stirs the most responses. This idea looks like one of them.

My thoughts about the phrase,"it takes money to make money", are that it sounds like something someone would say if they were making an excuse for not making money. In reality it does generally require some investment of either time or money to get started.

But it's as simple as; if you don't have any money go out into the world and do something that will generate some. There is always someone who will pay you to do a task that they don't have time to do or don't want to do themselves.

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13 years ago

Originally Posted by abundantlife

Obviously, a lively subject of interest. It's interesting to see just what stirs the most responses. This idea looks like one of them.

My thoughts about the phrase,"it takes money to make money", are that it sounds like something someone would say if they were making an excuse for not making money. In reality it does generally require some investment of either time or money to get started.

But it's as simple as; if you don't have any money go out into the world and do something that will generate some. There is always someone who will pay you to do a task that they don't have time to do or don't want to do themselves.

I've also noticed that people come down on both sides of this topic. Some believe you can become successful without having any money, and have done it themselves; they believe it is possible. Others say you need money to make money and have succeeded with money.

The one factor that connects both is that you have to spend something, either time or money, to achieve success, plus you need the drive and commitment to succeed. Without the belief that you can succeed, you will not succeed.

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13 years ago

Great Post... I enjoyed reading everyone's comments.

My 2 cents...

Seems like having money kind of gets in the way for some people. People with a little money tend to buy things to do more automation and they never really get a grasp on what hard work and dedication is all about.

People who don't have the money have a better why. They will work harder and longer to reach that why and won't rely on automated systems or others to do the work for them.

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13 years ago

There are three elements:

Money
Time
Skills

You can use any of them to make either/both of the others.

Money - lets you outsource to save you time and get things done for which you do not have the skills

Time - you can work hard over time to earn money and improve your skills

Skills - you can sell your skills or use them to create things to earn money, and save time by doing things more quickly

You are going to need at least one of them to succeed. If you have all three, then your success can be much easier.

But no matter which of the three you have to hand right now, you have to actually USE it and get on with it to get anywhere at all.

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13 years ago

Originally Posted by Azarna

There are three elements:

Money
Time
Skills

You can use any of them to make either/both of the others.

Money - lets you outsource to save you time and get things done for which you do not have the skills

Time - you can work hard over time to earn money and improve your skills

Skills - you can sell your skills or use them to create things to earn money, and save time by doing things more quickly

You are going to need at least one of them to succeed. If you have all three, then your success can be much easier.

But no matter which of the three you have to hand right now, you have to actually USE it and get on with it to get anywhere at all.

Great Points!!! Love it!

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13 years ago

Good thread...I think it does not take money to make money but it takes a little longer. If we focus on prepariness, hard work, perserverance, positioning ourselves and consistency, preparation will meet-up with opportunity & opportunity & preparation will create money...as much as you want & over & over again.

Be blessed,
The Virtuous Woman

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13 years ago

Originally Posted by Joan Haynes

Good thread...I think it does not take money to make money but it takes a little longer. If we focus on prepariness, hard work, perserverance, positioning ourselves and consistency, preparation will meet-up with opportunity & opportunity & preparation will create money...as much as you want & over & over again.

Be blessed,
The Virtuous Woman

All great points. Money isn't needed, but sure helps speed things up.

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13 years ago

I don't think it takes money to make money - let me rephrase that, I know it doesn't take money to make money. Major money on the other hand, is a lot tougher to see when you're on a bootstrap, however it's been done before and will be done again.

One of my offline groups is made up of 25 single mothers trying to better themselves, they are all making decent money. If you are persuasive, can write content, KNOW where to place that content, and can dictate what the user's end response should be you can make money without spending it.

As for the people begging for free this or free that and the people that supply them, only God knows about them lol.

NOW to add to my thought, once the money is coming in, I think those that can split their proceeds into a reinvest/bill payment equation stand a better chance in the long term as exponentially increasing money could benefit from a paid system of some type (be it PPC or other ad buying idea's).

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13 years ago

Originally Posted by jamesboulay

I don't think it takes money to make money - let me rephrase that, I know it doesn't take money to make money. Major money on the other hand, is a lot tougher to see when you're on a bootstrap, however it's been done before and will be done again.

One of my offline groups is made up of 25 single mothers trying to better themselves, they are all making decent money. If you are persuasive, can write content, KNOW where to place that content, and can dictate what the user's end response should be you can make money without spending it.

As for the people begging for free this or free that and the people that supply them, only God knows about them lol.

NOW to add to my thought, once the money is coming in, I think those that can split their proceeds into a reinvest/bill payment equation stand a better chance in the long term as exponentially increasing money could benefit from a paid system of some type (be it PPC or other ad buying idea's).

Great Addition!!! Thanks for the info. To your future success.

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Michael Bucker

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13 years ago

What is perplexing to me is the over whelming evidence that it does not take money to make money, the overwhelming stories of those who did it without money, and yet so many people still feel that it does take money.
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13 years ago

Money is my friend and as well my best enemy.

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13 years ago

I agree that you can start your business with no money. However, money comes in handy if you need to outsource things like web design. Also with money to spend, you can take advantage or programs that might accelerate your learning curve, such as hiring a coach.
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13 years ago

i agree with you ,,, a lot of rich people came from poor family
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12 years ago

In my view it should be agreed. Money will come through money. Here Money = Time, Work and Patience. Therefore the theory of Money = Money is satisfied. We can not make clap with single hand. The same like opposite hand also required.
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12 years ago

great post, there is lot of free things on the internet that we can use to our advantage to help grow our buisness, just work a little smarter.
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11 years ago

all use money. money talks. it just is not enough. a qualified person at work or increase business with the right capital can create rich. money raised was not seen from the many, but of how to get it. necessarily the right way.

good post
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11 years ago

Of course you have to have some money to make money but not that much. You certainly do not need $20,000 to make more money online. There are definitely ways to make a profit and build a business with a couple grand over time or even less. You just have to swap time for money. Either way you have to learn the ropes and focus on the money making actions so you can get profits coming in. Once that happens you can start paying others for some of the time consuming tasks so you can grow.
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11 years ago

Actually what you need is an exchange of services not money. For example you cut someone's grass in exchange for money. If you want to make more money you cut more and more people's grass. You do this until you can buy your own push lawnmower.

This will let you cut the grass for those that do not have their own lawnmower. After a few months you can afford to buy an inexpensive riding mower and can cut more lawns at a faster rate. Soon you can hire someone to help do the trimming, then the edging and then landscaping.

In time you buy a truck that will let you expand your area and hire more people and buy more equipment.

The key is you do not need money to make money, but you DO reinvest your money to make MORE money at a faster and faster rate. The key is to hire others to do the work you cannot and that frees you up to work on growing your business.

Originally Posted by johnev

Of course you have to have some money to make money but not that much. You certainly do not need $20,000 to make more money online. There are definitely ways to make a profit and build a business with a couple grand over time or even less. You just have to swap time for money. Either way you have to learn the ropes and focus on the money making actions so you can get profits coming in. Once that happens you can start paying others for some of the time consuming tasks so you can grow.
John Vanous

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14 years ago

Originally Posted by scortillion

So even though you do not need money to make money, like others have said, the more money you have the faster you can make it. BUT the reverse is true too, the more money you invest the more you can lose too..

I agree with you absolutely on this, just be more cautious where you invest once you have made it

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13 years ago

Originally Posted by magman01

Whoa, whoa, whoa. Stop.

Cash. Greenback. Federal Reserve Notes. Credits in a computer system.

All these things do is reflect value. Value is the key.

I pay greenbacks to mow my lawn. Dollar bills only reflect value of exchange. And greenbacks only reflect the value I am willing to exchange.

Money is an illusion ... this illusion only exists by our mutual agreement to its value. If you offered me bones as evidence of value, that value only exists because we agree it exists because as a society we have mutually agreed that bones represent value.

I cannot eat or drink bones nor more than I can eat or drink dollar bills. Bones represent value, nothing more.

It's the value we attribute to the bones that makes a difference, and that value is tied to a rate of exchange. If you and I agree that bones equate to certain value, then we have an exchange.

When we exchange dollars for services, it's based on an unspoken agreement of value.

Ultimately, value, whether measured in bones or dollars, is an agreement. As a lawyer, I have grown to realize that value can take many forms, depending on the agreement of the parties. The more flexible we are in identifying value, the more easily our society operates.

As marketers, we deal in exchanging dollars for value. When I buy something, I typically exchange the most readily acceptable form of exchange of value which is dollars. But I also bargain beyond that. Because in the exchange, I create value.

It is the creative exchange of desired goods that creates value. If you are hungry, but unwilling or unable to satisfy that hunger based upon your resources at the time, and I am able to satisfy your hunger, we have created a market.

I may have the knowledge and experience necessary to supply you with food if you are hungry. Depending upon your ability to satiate your hunger, you value my ability to satisfy that need. If I have the knowledge and experience to produce a good or service that will satisfy your hunger, and you do not, then a market has been created.

Consider this. If I am your only source of food, and you cannot satisfy your hunger needs by yourself, then you are faced with the proposition that either you persuade me (who has the ability of satiating your hunger with my provision skills) to give you some of my production for free, or to provide me with what I desire for less than the cost of providing what I desire without your help.

It's not that it takes money to make money. Rather, it takes the ability to provide value in exchange for value.

Perceptive and insightful.

Thanks.

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14 years ago

I don't think that it's necessary to have money in order to make money. If you are broke but have the time and ambition, I believe that a person can be successful. I think that bottom line...it's all in a person's drive and just how badly they want to make things happen to better their quality of life.

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Nick Logan

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11 years ago

I completely agree with you. Great post!
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14 years ago

It does take money to make money yes. Not a lot though, but you will need money to at least purchase certain necessary things needed to make it big.

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14 years ago

In the literal sense yes. It takes money. Does it take thousands? No. But it takes something. Those who dismiss the whole statement miss the point, those who take it figuratively or believe you need tons of money also miss the point. In a literal sense its true. The point is to not let it become a limiting statement.

It may not be YOUR money that is required to make money. And that's the catch.

I had a buddy who worked for free as an intern so he could have access to equipment to start his business. He reinvested his earnings into his own studio and now he's making music. (it took someone else's money, the studio owner's and it took his time and money as well)

I know people who borrowed money from friends and family to start their businesses. (again not their money, but it took money)

I know guys who worked at mcdonalds or in retail to earn until they could get their business off the ground. (money to make money)

I know of one very successful guy in my area who sold drugs and reinvested into legit business. (dirty money to make clean money)

It takes giving up some thing to get somewhere. It's up to you to be creative and figure out how to get the ball rolling.

You either see this statement as empowering or as limiting. But that is a reflection on you, not on the truth of the statement.

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14 years ago

Hmm, depends on how you're trying to make money, really..

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14 years ago

I love your message, but always struggle with the term "make money". The only time I came even close to making money was with my scanner and color printer. My daughter loved it.

I have consistently been able to earn money by providing value, working diligently, and staying focused. I earn money by creating value, but it never "makes money" nor "creates money", it just transforms from one thing to another.

You can start off with nothing but desire, your own thoughts, and a willingness to chase your dreams and start earning more money tomorrow than most people believe is possible. Most people get stuck due to their beliefs as you have so clearly stated, not by their lack of capital.

You can always find a way to create value, even if you do not have a penny to your name today.

Love your post...one of these days I need to buy a printing press and try making money again...or not.

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14 years ago

cyberdenizen: Thanks for sharing your story...very inspiring!

I started three months ago and wanted to be able to pay back our personal account to cover my hosting, autoresponder within my first month. I worked ridiculous hours, but made it happen with affiliate sales.

I enjoy weekly growth. It is a mindset for sure.

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14 years ago

I agree but if you are seriosly in need for making an income online you can do it without money.

Article marketing ftw <---Not so much after google new algo but still works

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Devid Farah

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14 years ago

Hello James,

i believe that it doesn't take money to make money but rather it takes ideas and the readiness to act on them to make not just money but amass fortune.

The few examples you gave says it all.
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14 years ago

Yes and No,

I have made back everything and more after losing everything before, its not easy and very depressing, but can be done if you stay focused and dont let things and people take you down...

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14 years ago

I personally believe that to start making money you must have grand ideas. Once you made a little, this money needs to be used to make more money. The more money you have to spend, the more money you can potentially create.

My brother and I had an idea to make money and we put the idea together for basically no money (we were in University and had no money to spend). We found ways to solve certain problems we came across for free and ultimately we launched our first product. It sold a bit and we took that money to buy software and other things to make our lives easier and to be able to sell more products. Now we have started our own company and continue to reinvest our money in some ideas we have.

It works and I truly believe that it DOES TAKE MONEY to make money! So I hope people will never be scared to spend the money they made and reinvest in quality products and services. Just make sure you know what you are getting and nothing is a magic bean.... Buy the good stuff that works.

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14 years ago

It takes money but a little to make money. Well when I was a newbie on IM, I was totally empty. I lend money from my friend to pay the internet bill and start online business. This was my first investment to start online business and now that little investment get back to me with higher profits.

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14 years ago

I dont agree. I started in 2002 and used freehosts to get my first site started. I reinvested the money I made back into new sites and hosting and kept building.But having money does help a lot! But it isn't anything you need to succeed.

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14 years ago

I would say you atleast need some sort of startup to get going. But yes if you wanna make big money then you definitely need lots of it.

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14 years ago

When I got started in this whole IM game I was 15 years old.
Im 21(almost 22) currently so were talking about almost 7 years ago.

I had no money because most 15 year olds simply dont have any recurring monthly income!
But I somehow managed to stumble upon a website promising me that I could make $40k a month and I had to get that manual(which I managed to do).

It only cost me $7 but at that time it was comparable to $700, ya know me being a 15 y.o and all.

I basically bought a scam ebook and had no money left but it sparked the beginning of my IM carreed and Im glad I stumbled upon that ebook!

I still had no money so what I would do is sell some of my old pokemon video games(which brought tears to my eyes on the day I actually needed to ship the product after someone purchased it from me via ebay).

I sold my digital camera(very expensive at that time) and slowely started to accumulate some cash.

From that point on I purchased all kinds of ebooks on how to make money online.
That was my main expense....knowledge!

Altough I didnt have an immidiate ROI from all of the investments I was making, I got allot of knowledge.

This in turn made me stumble on methods that worked and methods that didnt work.

What changed it all for me was actually IMPLEMENTING what I was studying, instead of reading the material and not doing anything with it(like most newbies do).

Well...sorry for my long story!!

I typed this post super fast so sorry for all the typos.....as for now...duty calls...gotta get back to the money

Rodney

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14 years ago

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justaskbigjohn

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14 years ago

Hehe, yup that's been my experience.. Lots of Time and Lots of Money, but it would have taken even more time if I hadn't had the money as it allowed me to outsource a great deal!
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- mwright
  
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  14 years ago
  
  There is always a cost to do business. But, you can START with absolutely no money, collect unwanted items, clean them up, use the free computers at the public library to sell them on eBay, then put the money back into your enterprise.
  
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14 years ago

Great posts, and most of us have probably gone through a bit of cash trying
to find the correct answer to this question...truth is, it would take very little if
we knew what to do with what we had..lol! Then when abundance comes, not
only will we know how to handle it, but also how to teach others..

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14 years ago

I guess it really just depends on how you go about it and what you say is true because I've seen people start out with a good amount of investment capital and lose their shirts and others start out with virtually nothing and end up retired in 2 years because what they got into panned out well. You never know where the next glory hole will be ;-) Good post btw!!

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14 years ago

I saw a great post some time ago about a guy that started from $0 and save half his earning for his business and half for himself. It works great if you balance your life/your business

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14 years ago

i love this guys

if god made 2 like you
i want it 1 for my self

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14 years ago

you dont need money to make money.. if you have the skills you can create money out of thin air..

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14 years ago

For me, you can make money without money if you have a skill that you can trade. This is including if you can write decent article. So, for those English native speaker, you can blow the trumpet saying it cost no money to make money online.

BUt for those coming from non-native English speaker, even article cost money. So it depends on your situation. From my point of view, it does takes money to make money online.

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14 years ago

In my experience you can make money without money, but to make BIG money you need to reinvest the money you make at each stage during your business growth to make more money.

Let’s say you can write well. You don’t need any money to write an article; you can use a public library to write the article and sell it online. BUT from those profits you need to reinvest the money earned to promote your business, or invest it into something that will grow your principle.

It is through reinvesting your profits that true wealth comes; it’s through calculated risk, not blind risk that true wealth comes.

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14 years ago

Yes that is true but also you need to learn a lot.
Basically you can start making money starting from 10-15$ but there is big BUT!
How you will now what product sell if you will not be ready for systematic search.
Basically most of the money goes to learning new stuff.

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14 years ago

What a positive message to take note of!

This thought about needing money to make money has been manipulating my mind for the past 1 month now. I've reach a point where money seems to be the only way forward

But reading a post like this just gets your head straight back into the game

So, back to the thinking cap!

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14 years ago

No. All you need is an idea.

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14 years ago

how can you hard work if you don't even have skills. so the first thing to do is outsourcing

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14 years ago

great dude.. thanks.......

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14 years ago

Hey great post,

i agree there are a few things require to make money, however money is not one of them. It certainly makes it easier however there are countless cases of people who come across fortune by chance or luck only to in a few short years end up worse of financially than before their windfall.
The true components to financial freedom or making money(interesting phrase) would include, mindset, clarity, attention, awareness and consistency.

Lovely topic,

Regards Rob

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14 years ago

Great post,

Also motivation, smart brains and never giving up. It is really interesting that the successful people are made up of people who failed severally or lacked something in their life...is that a motivation?

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14 years ago

I agree, I takes Time and bit of LadyLuck to make money. It is a famous quote which says

Oppurtunities Knock at your doors but you still have to open the door to invite it

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14 years ago

Great post,

Also motivation, smart brains and never giving up. It is really interesting that the successful people are made up of people who failed severally or lacked something in their life...is that a motivation

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14 years ago

Lack of money is not an excuse - especially with IM. There really are enough free tools and teaching available to figure it out. It takes time, guts, and determination. This is a great thread.

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14 years ago

inspiring! Richard Branson is my personal idol.

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14 years ago

Originally Posted by Meozyn

inspiring! Richard Branson is my personal idol.

me too. that's one cool dude. Now *he's* a guy that knows what to do w/ money!
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14 years ago

Originally Posted by Andre Hegge

You have to invest something, whether it is your time or money does not matter that much. If you can´t afford to spend 1 dollar then you just have to work to get the money you need to get started - because you will need money somewhere down the line.

Andre, that's well put. You have to invest *something.* That eliminates the folks who expect to get rich quick. Ain't gonna happen! You've either got to invest time, if you don't have money, or if you're fortunate enough to have money, then you can invest that, but my guess is that a certain amount of that money is going to be wasted on buying scam products.

So maybe, in the end, the folks who invest time, initially, end up making money more quickly if they really apply themselves, like cyberdenizen, than the folks who start w/ more money? just thinkin' out loud....

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14 years ago

You do need money to make a start so yes,I agree.

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14 years ago

Those men mentioned in the beginning of this thread may have started with nothing, but they had to have made some kind of money in order to accomplish what they accomplished. They had to earn a living in some manner so that they could save or invest for the future. There are numerous stories of men who started in the mailroom and ended up CEO or owning the company shows what hard work can accomplish.

Another way to succeed is to have a talent that can bring in money, whatever that talent may be. There are many successful people who started with no job, but had the ability and perserverance to rise to the top.

I believe that it takes money or talent to make money. One must have one or the other.

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14 years ago

You can make money with just WordPress, Hosting, and honest offers

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14 years ago

I used to think that it takes money to make money, till i meet this SEO guru who really challenged me and introduced me to internet marketing.

It is not about the money, but time. How much time are you investing in whatever idea you want to prosper you?

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14 years ago

Yes, I agree with you.
You can cost nothing to gain money but you have to spend time to get it.
And time is money

So it takes money to make money

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14 years ago

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

That is right! Investment is in many forms and money is not the only thing a person can use to earn more money. Skills, diligence, hardwork and the will to succeed--- these are the things that one must possess to earn money and succeed without spending money.

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14 years ago

Having money may be a shortcut. Or it may turn out to be a hindrance. It all depends on the person in the end.

In the end, there are NO set rules. No rule says you have to suffer at first. No rule says you have to flip burgers at some point. No point says you have to do it the hard way. No rule says it has to take a long time.

It takes as long as you need it to, and turns out just as you want it to. Believe it or not.

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14 years ago

I agree that money can be a shortcut. But I agree with R Kiyosaki that it is not a prerequisite. Maybe it was, before the internet. These days you can learn to market online for free. Join affiliate programs for free. Pay small change for hosting & make money. It just takes work and perseverance. Goals, vision boards, etc help. Your income will level out at your personal growth level, so if you're not making money maybe you need to work harder on yourself rather than on your biz.

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14 years ago

It doesn't take money.

It takes helping other people. The extent to which you do that (no matter the niche), the more money you'll make.

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scortillion

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14 years ago

Originally Posted by JRCarson

It doesn't take money.

It takes helping other people. The extent to which you do that (no matter the niche), the more money you'll make.

That is very true. If the product or service is truly designed from the start to help others, really help others, it will be a very successful and profitable business or service.

So when you are developing a new product or service think hard on how you can truly help others and you'll have a very successful product/service on your hands.
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14 years ago

it takes money to live, or as someone pointed out, it takes something exchanged for something to live

if people are very serious about becoming successful, they will not spend their money on hobbies and activities that have nothing to do with their business goals

if you are going to spend money on anything, make sure its something that can also be used for your business goals, such as research material, hardware, equipment, technology, tools, etc..

and if you are focused on business, it does no good to spend money on a house when that money could be spent on a work studio, where you could also live, converting your home into your office, and vice versa, etc

and it does no good perfecting your photography or star-gazing skill if that will play no part in your future. its better to spend that time working to make contacts, doing footwork, field & competitor research, education, and practicing the skills needed for your ideas and goals etc..

if you are going to cook dinner every night, you may as well try learning something useful from it, that may come in handy during marketing or development someday, etc, and why not invite a contact or friend over for dinner or go out with someone in your target social demographic

theres no use buying a sexy little sports car when you should get a larger vehicle to carry important contacts and social friends out to do networking and relationship building, which can also carry publications around or other equipment, etc when needed, something you can take 5 people out to the lake for a weekend in.

and no use taking a vacation to one place when you could attend a conference on something related to your field, and make valuable contacts, and get some face-time and build some credentials

its definitely better to take some like-minded colleagues along on a ski trip, rather than take a hot date with you

instead of dating and trying to 'hook up', you can spend more time social networking and taking friends who are also success-minded, out for some relationship-building

theres no use living in one city when the business you are in would be better for you to live in a different location

there's no point in making friends and doing social activities with people who are not of your field, or going where your going, or share your passions and motivation, or who are negative or discouraging, or waste your time, etc

theres no use marrying someone who isnt going to be contributing to your goals, or supportive of them

and so on. at any rate, life is full of expenditures of time, money, and resources, and successful people have little gap between their goals and their off-time.. the smaller the gap between what they want to achieve and what they do in everyday daily life, the greater the success, and higher the potential for achievement of one's goals

it takes not only money, but time, effort, thought, diligence, resources, but that doesnt have to exceed the amount you use in your daily life for other, non-business-related activities

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14 years ago

i think theres a reason places like Silicon Valley create so much success, and i dont think its because everyone who goes there is a genius

its because they are surrounding themselves with like-minded people, motivated people, with similar goals and aspirations, surrounded by successful people and inspiring people, and inspiring things and events

they are an entire area where everywhere you go there is conversation about the field they are in, everyone around them is on the same path, its highly competitive, and everyone is sitting at home working on the same types of things

its easy for them to come up with capital because everywhere they turn there is like-minded people wanting to become successful

we need to surround ourselves with those kinds of friends in life, people in our field, with traits we respect and want for ourselves, people similarly motivated, with similar lifestyles, and friends circles we fit with and need to be apart of

its about networking and being social with people, away from home and off the computer, inviting people to lunch or to a juice bar, or to play sports, or go hiking, etc.. people in our field or with similar minds

then you can put ideas together and raise capital if needed

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14 years ago

Originally Posted by Tenzen

i think theres a reason places like Silicon Valley create so much success, and i dont think its because everyone who goes there is a genius

its because they are surrounding themselves with like-minded people, motivated people, with similar goals and aspirations, surrounded by successful people and inspiring people, and inspiring things and events

they are an entire area where everywhere you go there is conversation about the field they are in, everyone around them is on the same path, its highly competitive, and everyone is sitting at home working on the same types of things

its easy for them to come up with capital because everywhere they turn there is like-minded people wanting to become successful

we need to surround ourselves with those kinds of friends in life, people in our field, with traits we respect and want for ourselves, people similarly motivated, with similar lifestyles, and friends circles we fit with and need to be apart of

its about networking and being social with people, away from home and off the computer, inviting people to lunch or to a juice bar, or to play sports, or go hiking, etc.. people in our field or with similar minds

then you can put ideas together and raise capital if needed

I agree that you need to focus on your business plan and on being successful. But I also believe that if you become too focused on your business success and don't pay attention to your family success that in the end you'll have your money, but not your happiness.

With that said you are correct. You need to focus on your success with a single minded assult. You need to create your goal and then set your sights on it and achieve it.

BUT, you also need to keep your family in your sights too. Because becomeing success also means being happy. Success that doesn't not include happiness in all honesty is not success. In my opinion, that is.

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14 years ago

Originally Posted by scortillion

I agree that you need to focus on your business plan and on being successful. But I also believe that if you become too focused on your business success and don't pay attention to your family success that in the end you'll have your money, but not your happiness.

With that said you are correct. You need to focus on your success with a single minded assult. You need to create your goal and then set your sights on it and achieve it.

BUT, you also need to keep your family in your sights too. Because becomeing success also means being happy. Success that doesn't not include happiness in all honesty is not success. In my opinion, that is.

It's easy for them to come up with capital because everywhere they turn there is like-minded people wanting to become successful

we need to surround ourselves with those kinds of friends in life, people in our field, with traits we respect and want for ourselves, people similarly motivated, with similar lifestyles, and friends circles we fit with and need to be apart of

its about networking and being social with people, away from home and off the computer, inviting people to lunch or to a juice bar, or to play sports, or go hiking, etc.. people in our field or with similar minds.

then you can put ideas together and raise capital if needed

This is so strange - I just explained that same thinking to some people who want to take coaching but have no money to pay for it up front. Where are the resourceful people out there? Raising Capital, like you said, is easy when you have people who believe the same things.

Now I fully understand what Seth Godin was talking about when he said the hard part is getting people to listen to your idea when everyone is screaming the same things about their own ideas. The means everyone is screaming and nobody is listening so why is everyone screaming?

Years ago the old saying was the first thing you do when you go into business is get a divorce or you'll just end up too broke to pay for the divorce!! The second make 2 best friends your lawyer and your accountant. If you are not going to support your family, the business won't survive. What would happen if Sylvie and Michael Fortin didn't want the other one to be in business?

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14 years ago

Originally Posted by thriftgirl62

This is so strange - I just explained that same thinking to some people who want to take coaching but have no money to pay for it up front. Where are the resourceful people out there? Raising Capital, like you said, is easy when you have people who believe the same things.

Now I fully understand what Seth Godin was talking about when he said the hard part is getting people to listen to your idea when everyone is screaming the same things about their own ideas. The means everyone is screaming and nobody is listening so why is everyone screaming?

Years ago the old saying was the first thing you do when you go into business is get a divorce or you'll just end up too broke to pay for the divorce!! The second make 2 best friends your lawyer and your accountant. If you are not going to support your family, the business won't survive. What would happen if Sylvie and Michael Fortin didn't want the other one to be in business?

If you have the right spouse and a great connection they can help your business grow faster. My belief any way....

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14 years ago

Originally Posted by scortillion

BUT, you also need to keep your family in your sights too. Because becomeing success also means being happy. Success that doesn't not include happiness in all honesty is not success. In my opinion, that is.

Originally Posted by thriftgirl62

Years ago the old saying was the first thing you do when you go into business is get a divorce or you'll just end up too broke to pay for the divorce!! The second make 2 best friends your lawyer and your accountant. If you are not going to support your family, the business won't survive.

the same logic and strategy can be applied to any goal in life

if a strong family is your goal, then you would spend your time and resources and effort on having it

running a family is much like running a business, your success or failure depends on your management of time, resources, money, your effort desire, passion, belief, faith, focus, goals-making, achievements, and mind-set

the problem is that what's best for business isnt usually whats best for family

so success becomes a matter of conflict management

i think family and business should be run in 3 aspects,

1. business management
- setting goals
- strategic planning
- mission statement
- environmental analysis
- managing time, people, resources, activities, etc.. with targets
- etc, etc,etc

2. family management
- setting goals
- strategic planning
- mission statement
- environmental analysis
- managing time, people, resources, activities, etc.. with targets
- etc, etc, etc

3. conflict management
- conflict resolution
- managing priorities of each
- weighing goals and objectives in each
- finding solutions which maximize the highest-priority goals in each
- making strategies which benefit each to its fullest potential
- etc, etc, etc

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14 years ago

Originally Posted by Tenzen

the same logic and strategy can be applied to any goal in life

if a strong family is your goal, then you would spend your time and resources and effort on having it

running a family is much like running a business, your success or failure depends on your management of time, resources, money, your effort desire, passion, belief, faith, focus, goals-making, achievements, and mind-set

the problem is that what's best for business isnt usually whats best for family

so success becomes a matter of conflict management

i think family and business should be run in 3 aspects,

1. business management
- setting goals
- strategic planning
- mission statement
- environmental analysis
- managing time, people, resources, activities, etc.. with targets
- etc, etc,etc

2. family management
- setting goals
- strategic planning
- mission statement
- environmental analysis
- managing time, people, resources, activities, etc.. with targets
- etc, etc, etc

3. conflict management
- conflict resolution
- managing priorities of each
- weighing goals and objectives in each
- finding solutions which maximize the highest-priority goals in each
- making strategies which benefit each to its fullest potential
- etc, etc, etc

Great point! I belive that you can succeed at business and family at the same time. Both need dedication, focus and a plan.

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14 years ago

Originally Posted by Tenzen
the same logic and strategy can be applied to any goal in life

if a strong family is your goal, then you would spend your time and resources and effort on having it

running a family is much like running a business, your success or failure depends on your management of time, resources, money, your effort desire, passion, belief, faith, focus, goals-making, achievements, and mind-set

the problem is that what's best for business isnt usually whats best for family

so success becomes a matter of conflict management

Originally Posted by scortillion

Great point! I belive that you can succeed at business and family at the same time. Both need dedication, focus and a plan.

I think YOU can because you know what you want and what you do proves what you believe without question. You're not afraid to die on a Treadmill!! Will Smith said that!!! What I mean is that YOU have made up your mind you will have family and business, they will both be successful, this won't happen, that will, and nothing is going to change that. People sense that and get out of the way. Once your mind is made up you naturally do what it takes. It's a done deal.

Management or conflict Management - meaning the Leader in charge of both his business and his family has to get it right or everyone suffers with the ripple effect and that drains the bank account - spouse running off to a hotel with a suitcase for a week at $100 a night adds up.

Human Capital is more valuable than money so if you don't have money to start with the cost in time and energy is more expensive because you can't replace that. It takes more than money to make money. It takes a certain mindset and unshakable belief and drive.

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14 years ago

Originally Posted by thriftgirl62

Management or conflict Management - meaning the Leader in charge of both his business and his family has to get it right or everyone suffers with the ripple effect and that drains the bank account - spouse running off to a hotel with a suitcase for a week at $100 a night adds up.

Human Capital is more valuable than money so if you don't have money to start with the cost in time and energy is more expensive because you can't replace that. It takes more than money to make money. It takes a certain mindset and unshakable belief and drive.

I agree if you don't decide upfront that your family will be as important as your business then your family relationship is heading for trouble.

Human Capital is without a doubt the most important factor because in the end SOMEONE is doing the work. Which means you want to best "Human Capital" you can get for the bet price. Treat them well and they'll usually treat you well.

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14 years ago

Take the owner of macdonaldmarine.com (the largest freshwater marina in canada) for example, an entrepreneur who started with $0, now is worth more than this A.T Stewart.

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14 years ago

Originally Posted by macdonjo

Take the owner of macdonaldmarine.com (the largest freshwater marina in canada) for example, an entrepreneur who started with $0, now is worth more than this A.T Stewart.

No idea what that is, but I have to make a comment on their site... it looks like a 90s website and the footer looks like they paid for the design, hopefully it is a site they purchased in the 90s lol /facepalm.

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14 years ago

Originally Posted by misc92

No idea what that is, but I have to make a comment on their site... it looks like a 90s website and the footer looks like they paid for the design, hopefully it is a site they purchased in the 90s lol /facepalm.

Doesn't matter, he makes more money than you.

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14 years ago

Originally Posted by macdonjo

Take the owner of macdonaldmarine.com (the largest freshwater marina in canada) for example, an entrepreneur who started with $0, now is worth more than this A.T Stewart.

Their website MacDonald Turkey Point Marina Inc. & The Wheelhouse Restaurant might not look like much, but I'd love to have some of those boats! Where did you get the story about the guy who owns this business?

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14 years ago

You don't need money to make money. But if you want to build a business, it's good practice to keep investing in yourself and your business. So - the more money you have or make - the more money you will make!

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14 years ago

not necessarily. I've built a business completely word of mouth. I may pay noe (4 years later) $100 a month in advertising but I just started. word of mouth is still strong. I makea full living with that business. On the other hand, I'm building another one right now and I need some money to make it grow.

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14 years ago

Yes, it always takes at least a bit of money to make money.

I pity these that have started a thread writing that they are completely broke, have no job and need cash ASAP.

You get a job, and then you work full time on your job and part time on your dreams.

Peace.
/CKC

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14 years ago

Wow! I would say if you have no money or in debt, then you need to have time to do most of the work yourself but the right skills. Money is not everything but it does help to aid and speed up in the work progress as a matter of fact. It is the same question as love and money , you can't have proper love without food and shelter, no matter how passionate you are.

But again it varies for everyone!

Just my two cents!

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14 years ago

Money is an important factor, but it is certainly not everything. It is always better to utilize it in a systematic manner so as to ripe the tree of success. But, even who don't have the adequate funds need not be discouraged, as they can also generate funds through self employment. So, it is not necessary to "have money to make money".

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14 years ago

Great post. Very inspirational. Makes you wonder if you actually need money to make money. I have spent a lot of money trying to start a business, but I might have to start something with no money to see how it goes.

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14 years ago

Everyone begins with a dream, from there you need to develop a burning desire to achieve that dream, and then setup a plan on how to achieve the dream. Along the way you’ll need to learn a great deal but by setting up short term goals you’ll keep your motivation high.

Joining a group like this will also help a great deal in keeping you motivated and on track. What you need is the desire, knowledge and action to achieve your dreams.

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14 years ago

Originally Posted by scortillion

Everyone begins with a dream, from there you need to develop a burning desire to achieve that dream, and then setup a plan on how to achieve the dream. Along the way you’ll need to learn a great deal but by setting up short term goals you’ll keep your motivation high.

Joining a group like this will also help a great deal in keeping you motivated and on track. What you need is the desire, knowledge and action to achieve your dreams.

I couldn't agree more. When you hear people wishing about how they could make it in a business if they only had enough money to invest, those people are typically dreamers instead of enablers/doers.

Without the vision, focus and burning desire burning within them, the dreamers won't be able to realize their dreams even if they had millions of dollars at their disposal. Many people who've never run a business before tend to think that money will solve all their issues and magically make them successful, but without the experience, expertise and drive to make it work, they'll find themselves quitting sooner rather than later. Money is just a crutch and an excuse here, it does not replace any of the traits and qualities that are needed to become successful in business.

This is why you should never minimize or regret not having enough money during the start-up phase of a business, because this is where you learn the most and acquire invaluable experience and skills that will serve you well when you start becoming successful, and have to know how to invest/handle the money appropriately within your business!

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14 years ago

Technically 63c is still money. I think it's more about not losing sight of your goals, and persevering. You need to make the right decisions as well and learn from mistakes.

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14 years ago

I also think there exceptions in every case.. For the most part, yes you need money in order to make money..

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14 years ago

Originally Posted by butchhamilton

Absolutely I agree with that statement!

Too often, especially on the Internet, people seem to think that they can do everything for free, and just get rich. Just is not happeniing!

You would try to start a business offline with no capital investment, so why in the world would someone think they could join an MLM or network marketing company and do the same with no monetary commitment?

Excellent insight!

Thanks!

Totally agree! No matter what business it is, in order for it to take off and in order for it to grow you need capital! Usually, it is a lot more money then you initally thought it would be. A few exceptions don't change the whole dynamics of starting a business. Obviously the web has made it easier to enter into a market and compete but that doesn't mean there wont be any costs

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14 years ago

Definitely NO.

its inspiration and passion towards your goal. Here is a blog post that has a good article via Simon Sink's book. How leaders get inspiration

Its all about your "Why." Why you do what you do. Then after you are clear about your "Why," comes what you do and how you do it.

This is one of the best lessons you can learn to maximize your chances for success. It's simple. If you ask people, they will tell you why their business failed, and in most cases they blame the market, capital and time.

The real reason is that they are not clear about why they do what they DO. Money is an asset. If you don't have it, you have to work on creating other asset as alternatives like your prospect's list, your massive value and the trust you share with them.

You will find that soon you will start to become popular and people will start to come to your website and won't need to spend a trillion dollar on advertising.

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14 years ago

Originally Posted by jonathan8

Definitely NO.

its inspiration and passion towards your goal. Here is a blog post that has a good article via Simon Sink's book. How leaders get inspiration

Its all about your "Why." Why you do what you do. Then after you are clear about your "Why," comes what you do and how you do it.

This is one of the best lessons you can learn to maximize your chances for success. It's simple. If you ask people, they will tell you why their business failed, and in most cases they blame the market, capital and time.

The real reason is that they are not clear about why they do what they DO. Money is an asset. If you don't have it, you have to work on creating other asset as alternatives like your prospect's list, your massive value and the trust you share with them.

You will find that soon you will start to become popular and people will start to come to your website and won't need to spend a trillion dollar on advertising.

Very true. But so many times when you start a business you focus on the money part.. People expect money for all their hard work and they are not focusing on just building a better business. It's how can I get money quick!

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14 years ago

When you receive a free report, do you really give it much attention?

Human nature is very predictible. If you don't put any money on the line, you don't have the commitment to act. It is not only a matter of doing it free. It is a matter of kicking yourself in the butt and getting the job done.

Originally Posted by butchhamilton

Absolutely I agree with that statement!

Too often, especially on the Internet, people seem to think that they can do everything for free, and just get rich. Just is not happeniing!

You would try to start a business offline with no capital investment, so why in the world would someone think they could join an MLM or network marketing company and do the same with no monetary commitment?

Excellent insight!

Thanks!

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14 years ago

I only agree on something, it doesn't matter you pay or not paying money to make money, where the only thing you must have is :

HARD WORK AND DETERMINATION

This is the only booster that can drive even further.

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14 years ago

You can start from any position to make money. But if you have something to invest, it might makes it easier!

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14 years ago

Great post James. Thanks for the inspiration.

Curiously, it is the really down and out experiences in life that grant us the most motivation. You remember those times in college (at least i do) when you could only afford rice. Well, ok, rice and beer.

And you can stand on the motivation you find out of those experiences, and use it to drive you to the top. The stories of someone taking the last $1000 they have and parlaying that into millions are common. Obviously, it is not the money made that happen. It is the indomitable will to succeed that does it.

"Think and act", goes the saying. Chart you course, set your will power and act.

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14 years ago

Originally Posted by StudioArtha

Great post James. Thanks for the inspiration.

Curiously, it is the really down and out experiences in life that grant us the most motivation. You remember those times in college (at least i do) when you could only afford rice. Well, ok, rice and beer.

And you can stand on the motivation you find out of those experiences, and use it to drive you to the top. The stories of someone taking the last $1000 they have and parlaying that into millions are common. Obviously, it is not the money made that happen. It is the indomitable will to succeed that does it.

"Think and act", goes the saying. Chart you course, set your will power and act.

Ah the days of living on "broke food" - foods that you can only afford when you're broke, spam, hot dogs, macaroni and cheese, peanut butter and jelly...

But moments like this can inspire some to greatness, or send then into the depths of depression and poverty.

What's the difference? Is it intelligence? Society? Environment? I personally believe it's the outlook you take and what you choose to focus on. I'm not saying it's easy, but it needs to be done; you need to focus on the positive, the success, the goal and turn away from the negative and the down side.

I personally know this is not easy. My dog Taz, who is like a kid to me, has been sick lately and although he's getting better I can feel the hand of depression grabbing hold whenever I focus on what he when through. It's not until I turn my attention towards the positive and the fact he's much better that that grip on me is released.

The same is true with success and even starting a business. You need the idea, the motivation and then the implantation of the business. Online you can do most of that with no money.

But to build that business you need to reinvest the money you earn to grow it. The real lesson here is that you do NOT need money to get started, but you DO need money to grow it. But it is through your actions and your positive focus that you succeed. If you fail to learn and keep the focus on the correct path you will fail, no matter how much money you have.

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14 years ago

I believe money can only increase your chances of success but not by much in my opinion. I think that if you do it will no money it will prove to help you further in the future. Think of it this way if you were given everything your entire life how would that effect you? Think of it if you had to work for everything you had your entire life. What are the differences between the two?

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14 years ago

yes, i believe money attracts money and if have money on hand to invest in good tools, it can start giving your quick good return.

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14 years ago

Hi:

Shireen here :-)

I used to believe "it takes money to make money".. but now no more.

I know how to generate full time income using my knowledge :-)

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14 years ago

Travis Sago's success is conditional. He is native English speaker.
What if his writing is at my level. I don't think he can make it big without outsourcing.

Originally Posted by honestbizpro

I think the famous original Bum Marketer Travis Sago let alot of us know that money is definitely not the secret ingredient to making money but giving value is.

Even if you gave your best information out totally free you would end up with a list of people who trust you and value what you have to say or reccomend in the future.

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14 years ago

Originally Posted by adamsad

Travis Sago's success is conditional. He is native English speaker.
What if his writing is at my level. I don't think he can make it big without outsourcing.

One possibility is to make an agreement with someone to rewrite your work in English and split the rights to the book, or agree to give them a higher commission on all sales they make.

I'm sure with two versions of the same ebook or article out there with both of you having rights to both articles would work to each other's benifits.

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14 years ago

Good idea but I won't have unique content. But great idea for ebook. No worries about unique content for ebook.

I need to adapting business mindset. In business, lack of fund and knowledge are the problem waiting to be solve. Am i?

Originally Posted by scortillion

One possibility is to make an agreement with someone to rewrite your work in English and split the rights to the book, or agree to give them a higher commission on all sales they make.

I'm sure with two versions of the same ebook or article out there with both of you having rights to both articles would work to each other's benifits.

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14 years ago

Originally Posted by adamsad

Good idea but I won't have unique content. But great idea for ebook. No worries about unique content for ebook.

I need to adapting business mindset. In business, lack of fund and knowledge are the problem waiting to be solve. Am i?

Here is a little info from "Mentored by a Millionaire" by Steven K. Scott...

Five Facts You Need to Know about Your Lack of Know-How

There is only one kind of person who is permanently locked out of moving up into the category of superachievers, and that is a know-it-all. Know-it-alls don't really know it all, they just think, talk, and act like they do.

And if there is one fact in life, it is that no one can achieve extraordinary success in any area without recruiting outside resources.

We don't have to be geniuses to achieve extraordinary outcomes and impossible dreams.
Thomas Edison, "True genius is 1 percent inspiration and 99 percent perspiration."
We all know a little, and don't know a lot.
I have produced award-winning productions because I have partnered with a great producer who recruits crews that include many of the most talented and highly skilled craftspeople in Hollywood.
We all have a few skills, and don't have most skills.
The great news is, every skill we would ever need to achieve any of our dreams is possessed by someone else, and therefore can become available to us.
We don't even have to know how to do those things that are critical to the success of a project or the fulfillment of a dream.
Nearly everyone I have ever known has mistakenly thought that if they want to achieve something they must at least know how to do those things that are critical to the success of the project or endeavor.

Never turn your back on a project, opportunity, or dream simply because you do not know how to perform the elements necessary to succeed in the project, seize the opportunity, or achieve the dream.
We have a few natural talents and abilities, and don't have most.
Your lack of talent and abilities need never prevent you from achieving your impossible dreams.

Again this is from Steven K. Scott's book "Mentored by a Millionaire" very good read if you have time!

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14 years ago

3 asset needed in business as far as I am concern.

1. Cash
2. Knowledge
3. The Right Attitude - which is I think should rank first

I enjoy talking to you guys. Some of you might generated more than enough money for yourself.

For the past 5 years, attitude is something I never develop. Only recently I realize how important attitude toward success. I need to start believing I can succeed and make me doing all the work.
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14 years ago

Here is a little info from "Mentored by a Millionaire" by Steven K. Scott...

Five Facts You Need to Know about Your Lack of Know-How

There is only one kind of person who is permanently locked out of moving up into the category of superachievers, and that is a know-it-all. Know-it-alls don’t really know it all, they just think, talk, and act like they do.

And if there is one fact in life, it is that no one can achieve extraordinary success in any area without recruiting outside resources.

We don’t have to be geniuses to achieve extraordinary outcomes and impossible dreams.
Thomas Edison, “True genius is 1 percent inspiration and 99 percent perspiration.”
We all know a little, and don’t know a lot.
I have produced award-winning productions because I have partnered with a great producer who recruits crews that include many of the most talented and highly skilled craftspeople in Hollywood.
We all have a few skills, and don’t have most skills.
The great news is, every skill we would ever need to achieve any of our dreams is possessed by someone else, and therefore can become available to us.
We don’t even have to know how to do those things that are critical to the success of a project or the fulfillment of a dream.
Nearly everyone I have ever known has mistakenly thought that if they want to achieve something they must at least know how to do those things that are critical to the success of the project or endeavor.

Never turn your back on a project, opportunity, or dream simply because you do not know how to perform the elements necessary to succeed in the project, seize the opportunity, or achieve the dream.
We have a few natural talents and abilities, and don’t have most.
Your lack of talent and abilities need never prevent you from achieving your impossible dreams.

Again this is from Steven K. Scott's book "Mentored by a Millionaire" very good read if you have time!

Wow! This was great. I hope I could read that book. Thanks for this tip scortillion. It inspires me a lot.

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14 years ago

Originally Posted by azncute0228

Wow! This was great. I hope I could read that book. Thanks for this tip scortillion. It inspires me a lot.

The book is actually based on his audio course which is much better. You can find it on his website or used on ebay... well worth the money with tons of information.
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14 years ago

No , you do not need any money to make money . Ofcourse , you can grow your money and help your money earn more money but it is not necessary .You just need to be willing to do some work . Take a job for example , did you spend money to make money in a job or did you work to earn the cash

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14 years ago

For those who say or think that. I would like to show them the history of a person.
Dirubhai Ambani. Please guys give it a read. His life has the answers.

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14 years ago

I do not agree by a long shot.

Its the geniuses, entrepreneurs and true warriors who know how to MAKE money, if needed from nothing. This is actually the key, the driving factor to success in IM.

Today, someone could sit down and start coding and designing a site, based on an idea or a vision. Hardly anything really costs anything. The same person could wake up 2 years later, being a multi-millionaire.

The big names of today, Zuckerberg, Gates, Godin, Google founders, Apple etc... and all the super affiliates...ask them how they became what they are today?

They wont tell you "yes i was able to do all this because i had a lot of money". In fact, most of them were poor average nerds with a VISION and MOTIVATION.

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14 years ago

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14 years ago

Originally Posted by zachcrawley

Disagree,

I made 5 cb sales and didn't spend a single dime. Sure, it helps to have money starting off, but it's not something you need to make it happen.

wow...how u do it??
hubpages????
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14 years ago

You need assets to succeed. One of the best, the one that gives you staying power, is cash.

Another great asset is knowledge. You can get "sweat equity" with it. It is a kind of capital.

If you do not have cash or knowledge, get one or the other before you start anything.

Those great old stories scortillion mentions are part of the mythology from the 19th and early 20th century. But for every one mentioned who succeed on "luck and pluck" alone, tens of thousands failed in misery. The Library of Congress Archives are a great place to learn about the masses that failed.

Persistence is not enough. Success does take "luck and pluck" but also knowledge and cash.

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14 years ago

Originally Posted by donhx

You need assets to succeed. One of the best, the one that gives you staying power, is cash.

Another great asset is knowledge. You can get "sweat equity" with it. It is a kind of capital.

If you do not have cash or knowledge, get one or the other before you start anything.

Those great old stories scortillion mentions are part of the mythology from the 19th and early 20th century. But for every one mentioned who succeed on "luck and pluck" alone, tens of thousands failed in misery. The Library of Congress Archives are a great place to learn about the masses that failed.

Persistence is not enough. Success does take "luck and pluck" but also knowledge and cash.

Mythology sir? We know better. You can read many books that tell the life story of men and women who succeed with hard work and smart reinvestment of their money. The people, who wish you to believe that it is impossible for the average person to succeed on their own, with hard work, or those wishing to call it just luck, are those that wish to promote socialism and dependency on the state.

You, the person control whether or not you succeed. Granted life may through hard knocks your way, but it's up to you to overcome them. Sure many people failed, but these people also failed to learn what they needed to succeed.

You cannot decide to program a computer game without first learning how to program. Then you need to learn what people are interested in playing. If for example you learn how to program and then write a game about watching paint dry, then no one is going to buy it.

You need to learn to succeed and then reinvest what you earn. You don't need money to get started, but you do need to reinvest the money you earn wisely to become wealthy.

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14 years ago

I support the fact many people have inherited a lot of wealth and ended up in poverty

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14 years ago

It still depends on the person, if he really want to succeed then no one can hinder him from reaching those goal..even money!

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14 years ago

Money can help accelerate the process of making money if you have a good plan.
Without a good plan,I suspect that you can easily lose that money.I hope that make sense.(It sounds so convicing in my head

)

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14 years ago

I don't agree too, but without money it's far impossible to make money. But Nothing is impossible

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14 years ago

warrior special offers forum is a classic example of this.

SO it does take money to make money.

I know a guy in here, making about $500 a day just off those big banner ads you see up the top.

Yes they cost a bit, but the money he is making off this far outweighs the money he is outlaying.

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14 years ago

Not exactly true. You can use free blogspot for example.

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14 years ago

I think it takes an average amount of money to make lots of money, and it takes a small amount of money to make an average amount. And, it takes no money to make a small amount of money.

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14 years ago

In the outer-internet world this statement is very true. the more you invest the more you earn, take a shop for an example, to build a little one which profits lower then the large one which can profit huge amount of money, costs less. however the situation in the internet marketing is different, you only require extreme minimum on your paypal account.

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14 years ago

I totally agree. One needs a clear detailed vision, a plan and determination to achieve the desired goals.

Unfortunately many are those who get discouraged as they do believe that one needs money to make money.

However your post said it all. Thanks

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14 years ago

I am the living proof., I started online with zero, nothing only an paypal account. and now I make over 2k+ a month. I started this year only

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14 years ago

Originally Posted by KLaAz0r

I am the living proof., I started online with zero, nothing only an paypal account. and now I make over 2k+ a month. I started this year only

That's great!!! What do you focus on?
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14 years ago

Originally Posted by KLaAz0r

I am the living proof., I started online with zero, nothing only an paypal account. and now I make over 2k+ a month. I started this year only

Love hearing about those who make it! What do you think was key in your success?
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14 years ago

This topic certainly borders the ever lingering question; "Can Money Buy True Happiness?"

In absolution, I personally believe the answer is; "NO" -but it sure as hell helps!

Theoretically, the main ingredients for achieving financial success in any business venture have not really changed, and likely will never really change.

Those ingredients being based on a series of ethical values and principles such as; determination, loyalty, obedience, commitment, perseverance, integrity, and essentially coming to the understanding a real business recipe requires a unified group effort, leverage, marketing, strategies, and a whole lot more than just money!

Ultimately, if you can feed the masses that which they hunger for (be it knowledge, acceptance, guidance, friendship, companionship, or the "biggun" love...), it does NOT necessarily require you to have money.

(*Again, it helps...but is NOT mandatory for reaching success in any field...for that is achieved by way of finding yourself!... and making good use of your meaningful existence!)

After all, what I consider Money may be a scratch in the bucket to a multi-billionaire. Thus, it boils down to perception, and roots in the psychology of he/she who pilots that ship!

Nearly every great and successful businessman/woman alike have had to have more than money to achieve a level of success in their interpreted version thereof.

I personally think making money requires a deep psychological practice; (which is 100% free), and something I like to refer to as "The Art of Persuasion."

This practice (like money, spiritual study, knowledge, etc...) can be used for good or evil solely in accordance to he or she who 'unlocks' or possesses such clarity, and obtains this understanding of human behavior, and chooses to deploy it.!

-Most people who find such insight...either don't know what to do with it, don't know how to explain it, or simply put....package it, (similar to many religious worshipers). Thus, they fear it, abuse it, misrepresent it...for likened money.... the mindset of true leaders unlock, and master the techniques to use another (or others knowledge) at will. <---the free key to unlocking the "door" to huge amounts of money, if you will!

In my personal philosophy/belief; being able to conceive your personal version of success is often more challenging then the actual physical assembly of the idea or concept.

Hence, for many...they never leave the starting gate, take risk, or truly convince themselves they are capable of being happy and ultimately, successful, as society at large systematically would prefer it. (if not, do explain why 95% never conquer the chains of conformity that are so tightly bound around limitation!) <---I do not believe in limitations. (Moderation maybe...limitation = slavery!)

Without getting to deep, it's apparently clear society dictates what is constituted by the majority as acceptable, and yet...95% of society conforms to these beliefs, and suffers greatly for it. Society somehow sews this disillusion that we are incomplete...when in reality..we are RESOLUTE. (Money is just a measuring tool!)

Certainly, there are many benefits that can enable success by throwing piles of money at idea or concept. However, there too is usually an "idea man or woman" behind the scenes that concocted a flavorful recipe, by tweaking the available ingredients, and left hungry consumers drooling for MORE!!!

Heck, a bum flying a sign; "need more beer" might be perfectly content just to accomplish the obtainment of a "cold-one!"

Whilst names like "Budweiser" are more renowned for reaching the pinnacle of success, and deployed all the practices and priciples mentioned above to become a "Billion-Dollar Company."

If you asked me if I preferred money over like minded individuals with great ideas, and no money...I'd choose the latter!

Damn...could write a book on this one day!

(maybe even soon...lol)

P.S.- for the record, 3 months ago I looked at my first cpanel...I was lost, and that little voice in my head said; "You'll never figure all this out"...Today, I have several sites up and running, and have now moved onto SEO, Traffic, autoresponders, and list building...which admittedly, is nearly as intimidating as that cpanel was just a few weeks back."

My theory...scratch, and claw, and grip the rails...anything else is not worth selling!

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14 years ago

Originally Posted by art72

This topic certainly borders the ever lingering question; "Can Money Buy True Happiness?"

In absolution, I personally believe the answer is; "NO" -but it sure as hell helps!

Theoretically, the main ingredients for achieving financial success in any business venture have not really changed, and likely will never really change.

Those ingredients being based on a series of ethical values and principles such as; determination, loyalty, obedience, commitment, perseverance, integrity, and essentially coming to the understanding a real business recipe requires a unified group effort, leverage, marketing, strategies, and a whole lot more than just money!

Ultimately, if you can feed the masses that which they hunger for (be it knowledge, acceptance, guidance, friendship, companionship, or the "biggun" love...), it does NOT necessarily require you to have money.

(*Again, it helps...but is NOT mandatory for reaching success in any field...for that is achieved by way of finding yourself!... and making good use of your meaningful existence!)

After all, what I consider Money may be a scratch in the bucket to a multi-billionaire. Thus, it boils down to perception, and roots in the psychology of he/she who pilots that ship!

Nearly every great and successful businessman/woman alike have had to have more than money to achieve a level of success in their interpreted version thereof.

I personally think making money requires a deep psychological practice; (which is 100% free), and something I like to refer to as "The Art of Persuasion."

This practice (like money, spiritual study, knowledge, etc...) can be used for good or evil solely in accordance to he or she who 'unlocks' or possesses such clarity, and obtains this understanding of human behavior, and chooses to deploy it.!

-Most people who find such insight...either don't know what to do with it, don't know how to explain it, or simply put....package it, (similar to many religious worshipers). Thus, they fear it, abuse it, misrepresent it...for likened money.... the mindset of true leaders unlock, and master the techniques to use another (or others knowledge) at will. <---the free key to unlocking the "door" to huge amounts of money, if you will!

In my personal philosophy/belief; being able to conceive your personal version of success is often more challenging then the actual physical assembly of the idea or concept.

Hence, for many...they never leave the starting gate, take risk, or truly convince themselves they are capable of being happy and ultimately, successful, as society at large systematically would prefer it. (if not, do explain why 95% never conquer the chains of conformity that are so tightly bound around limitation!) <---I do not believe in limitations. (Moderation maybe...limitation = slavery!)

Without getting to deep, it's apparently clear society dictates what is constituted by the majority as acceptable, and yet...95% of society conforms to these beliefs, and suffers greatly for it. Society somehow sews this disillusion that we are incomplete...when in reality..we are RESOLUTE. (Money is just a measuring tool!)

Certainly, there are many benefits that can enable success by throwing piles of money at idea or concept. However, there too is usually an "idea man or woman" behind the scenes that concocted a flavorful recipe, by tweaking the available ingredients, and left hungry consumers drooling for MORE!!!

Heck, a bum flying a sign; "need more beer" might be perfectly content just to accomplish the obtainment of a "cold-one!"

Whilst names like "Budweiser" are more renowned for reaching the pinnacle of success, and deployed all the practices and priciples mentioned above to become a "Billion-Dollar Company."

If you asked me if I preferred money over like minded individuals with great ideas, and no money...I'd choose the latter!

Damn...could write a book on this one day!

(maybe even soon...lol)

P.S.- for the record, 3 months ago I looked at my first cpanel...I was lost, and that little voice in my head said; "You'll never figure all this out"...Today, I have several sites up and running, and have now moved onto SEO, Traffic, autoresponders, and list building...which admittedly, is nearly as intimidating as that cpanel was just a few weeks back."

My theory...scratch, and claw, and grip the rails...anything else is not worth selling!

3 months ago you had know idea how to use the Cpanel and now you are developing numerous sites??? Wow!!!

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14 years ago

Originally Posted by SPC

3 months ago you had know idea how to use the Cpanel and now you are developing numerous sites??? Wow!!!

Absolute truth Brother! (Except...I'm not necessarily developing the sites in their entirety, as so much as learning to tear em down, re-structure them, and then host them.)

Having learned a massive amount in a short time, I owe much of the credit to those (Warriors) who see the value in sharing and creating a unified effort or as I prefer to call it mind-share to assisting people achieve their goals.

Prior to this new expedition, I was self-employed for nearly 20 years in the swimming pool construction and renovation trade, and had never used a computer...

I was too busy paying for Trucks, Bobcats and Mini-Excavators (and of course....FUEL) and working my tail off 60, 80, even 100 hours per week!

Having taking an hourly job 2 years ago...you could say I am highly motivated to learn the art of web-mastering a.s.a.h.f.p.!

This is just the beginning... I see an entire matrix of opportunity online for pennies on the dollar (if spent wisely) and the biggest handicap for me has been learning HTML, and using the tools (i.e. FileZilla, NotePad++, AWeber , etc...)<----many...many, frustrating hours!

Plus, nobody I know has any 'real' computer knowledge...at least not at the level I seek.

I have a running bet with my wife I can turn a maximum of $5,000 into $100,000 or more online in 1 Year.

We made this bet on April 22nd, 2011. So far, I have invested maybe $1,800. (To date, I have earned $1.10 w/ Medley Network...lol) But, my real focus is on bigger things that take time to assemble.

But just imagine.... 3 years from now, you look @ that once $0.00 balance Pay-Pal account, and it suddenly has 1000 loyal members paying a measly $49.99 per month or so...to learn everything they'll need to obtain their freedom (that which what you and I are learning now...for free or inexpensively) and what seemed like overnight you now rake in...

1000 loyal members @ $49.99 =$49,999 per month or $599,988 per year! (on memberships alone!) The numbers don't lie!

^^^^^^^^^^^That's my motivation baby!^^^^^^^^^^^^
(+ resell products, + affiliate offers, + eBooks, + WSO's , etc...)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

It's not about the money...it's about time and freedom to do and become what you love!

I was never a pool builder by choice, that was my job and I did it well!

But, I am an artist and philosopher...not a slave to money!!! (Took me 20 years to realize that...go figure) -I'm 39 now

Patrick Henry once said; "I have but one lamp by which my feet are guided, and that is the lamp of experience" -"Give Me Liberty or Give Me Death"

It's all about the acquisition of knowledge... I prefer RAW knowledge, hands on, self-taught in the trenches of life...and there's an endless supply online. If your good at structured learning like college, that's great too. But for me, my hero's wrote the books, many of whom did not have privileged lives, or academic training.

Society and we as a people, as a whole...need to stop feeding off all the bias ignorance, and just admit; "you're only as free as you choose to be!"

-If you wait to be led...it's likely to the slaughter you'll be led. Again, life is like an algorithm... success runs in parallels, and just like a basic php command your success is either "true" or "false"...there are few variables, it's up to you to program your brain, and the rest will follow!

Never let anyone dictate who you are, and never limit the power you possess within to overcome any obstacle(s). <---had I not believed this; I wouldn't have never made 6-figure incomes with no formal training or schooling. (Mind you, I don't tell my kids this but I quit school at 15 because I couldn't understand why people tell other people what or who to be.)

Most people want to be led...but the answers I sought; no one could answer!

I know of no greater opportunity for so little investment (less time and effort) that could ever return an ROI like the internet, and free people while doing so...

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14 years ago

Originally Posted by art72

Absolute truth Brother! (Except...I'm not necessarily developing the sites in their entirety, as so much as learning to tear em down, re-structure them, and then host them.)

Having learned a massive amount in a short time, I owe much of the credit to those (Warriors) who see the value in sharing and creating a unified effort or as I prefer to call it mind-share to assisting people achieve their goals.

Prior to this new expedition, I was self-employed for nearly 20 years in the swimming pool construction and renovation trade, and had never used a computer...

I was too busy paying for Trucks, Bobcats and Mini-Excavators (and of course....FUEL) and working my tail off 60, 80, even 100 hours per week!

Having taking an hourly job 2 years ago...you could say I am highly motivated to learn the art of web-mastering a.s.a.h.f.p.!

This is just the beginning... I see an entire matrix of opportunity online for pennies on the dollar (if spent wisely) and the biggest handicap for me has been learning HTML, and using the tools (i.e. FileZilla, NotePad++, AWeber , etc...)<----many...many, frustrating hours!

Plus, nobody I know has any 'real' computer knowledge...at least not at the level I seek.

I have a running bet with my wife I can turn a maximum of $5,000 into $100,000 or more online in 1 Year.

We made this bet on April 22nd, 2011. So far, I have invested maybe $1,800. (To date, I have earned $1.10 w/ Medley Network...lol) But, my real focus is on bigger things that take time to assemble.

But just imagine.... 3 years from now, you look @ that once $0.00 balance Pay-Pal account, and it suddenly has 1000 loyal members paying a measly $49.99 per month or so...to learn everything they'll need to obtain their freedom (that which what you and I are learning now...for free or inexpensively) and what seemed like overnight you now rake in...

1000 loyal members @ $49.99 =$49,999 per month or $599,988 per year! (on memberships alone!) The numbers don't lie!

^^^^^^^^^^^That's my motivation baby!^^^^^^^^^^^^
(+ resell products, + affiliate offers, + eBooks, + WSO's , etc...)
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

It's not about the money...it's about time and freedom to do and become what you love!

I was never a pool builder by choice, that was my job and I did it well!

But, I am an artist and philosopher...not a slave to money!!! (Took me 20 years to realize that...go figure) -I'm 39 now

Patrick Henry once said; "I have but one lamp by which my feet are guided, and that is the lamp of experience" -"Give Me Liberty or Give Me Death"

It's all about the acquisition of knowledge... I prefer RAW knowledge, hands on, self-taught in the trenches of life...and there's an endless supply online. If your good at structured learning like college, that's great too. But for me, my hero's wrote the books, many of whom did not have privileged lives, or academic training.

Society and we as a people, as a whole...need to stop feeding off all the bias ignorance, and just admit; "you're only as free as you choose to be!"

-If you wait to be led...it's likely to the slaughter you'll be led. Again, life is like an algorithm... success runs in parallels, and just like a basic php command your success is either "true" or "false"...there are few variables, it's up to you to program your brain, and the rest will follow!

Never let anyone dictate who you are, and never limit the power you possess within to overcome any obstacle(s). <---had I not believed this; I wouldn't have never made 6-figure incomes with no formal training or schooling. (Mind you, I don't tell my kids this but I quit school at 15 because I couldn't understand why people tell other people what or who to be.)

Most people want to be led...but the answers I sought; no one could answer!

I know of no greater opportunity for so little investment (less time and effort) that could ever return an ROI like the internet, and free people while doing so...

Good for you! Couldn't agree more. I have only been doing online marketing for about 8 months and it was only after six years of college for a meaningless degree in which I found my true road to success (internet marketing). I too am about to get into membership sites, where I feel there is the most potential to make money online. No recurring costs, little maintance and recurring revenue. As long as you can provide value to your members, there is no reason you couldn't be making a million dollars or more a year going this route...

You seem to have an abundance of knowledge and I too seem to learn at such a quick pace as long as I am taking action and failing fast and understanding why some ventures did not work.

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14 years ago

hello,
great thread
I think that money just make everything faster and easer,as you can invest or outsourse everything to make for example clickbank affiliate website or just outsource services

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14 years ago

Great post and quite agree with you, scortillion.

You need money to invest more or less when hunting for a bigger profit.

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14 years ago

I agree. I think "it takes money to make money" is very often used by people who are in turmoil about their decisions. That is,

Rather than face that they aren't working towards what they want, they'll spend their time finding a way to justify away how they feel. A very common and disappointing sight.

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14 years ago

I must say, it's your will to earn money and your focus which matter the most. Besides, money... But it creates a sense of spending, your patterns show the way where you want to go .

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14 years ago

Yeah, I totally agree. In our economic situation today, nothing in this world is free. If someone likes to be successful in making money, he/she still needs money to begin with, whether its big or small amount.

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14 years ago

Originally Posted by hireava

Yeah, I totally agree. In our economic situation today, nothing in this world is free. If someone likes to be successful in making money, he/she still needs money to begin with, whether its big or small amount.

I still believe you can get started with zero money. Go to the public library and us their computer; open up a paypal account; join a few affiliate programs; start a number of free blogs; write reviews and presell article and post to the forums.

When you get your first few sales REINVEST the money back into your business by purchasing products or advertising to increase your sales.

To BEGIN you do not need money, to GROW your business you must reinvest what you earn or you'll never compound what you are making.

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14 years ago

I noticed that some ways of doing internet marketing like Google Adwords require more money if you want to really do something extensively. But there are lots of businesses where you don't need allot of money to make money. I wonder where the saying came from? Maybe this was more of a corporate saying.

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14 years ago

I believe time and application are by far the greatest assets. Yes, money too definitely plays a factor to make more money, but you have to have the wisdom and knowledge to invest that money correctly so you get a high ROI.

I've had plenty of money which I've spent on "make money products" and I haven't made a dime with that strategy. Learning slowly and effectively and applying what you learn is without a doubt in my opnion the best way to make money, instead of just spending frivolously.

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14 years ago

So at the end, we all are agreed to one point, money is not necessary to make money but if you want to make "MONEY" you will need to sacrificing "money" to convert it to huge sum.

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14 years ago

Great post James. In my opinion, it only takes trust, focus, hard work and good relations with the right people to become wealthy.

I experienced receiving a lot of money just based on other people trust on me and good relation. But, I didn't make a lot of money simply because I was out of focus (interested in too many different businesses). So after 5 years, I just returned the money to the owner 100 %.

Now, hopefully I can focus to Internet Marketing although I haven't made a dime yet

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14 years ago

Interesting and encouraging thread!! If you have knowledge,you can make money without any money but if you do not have any knowlede,you need to invest !!

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14 years ago

if you do not have the required skill you also need to invest. Like writing.

Originally Posted by marknel

Interesting and encouraging thread!! If you have knowledge,you can make money without any money but if you do not have any knowlede,you need to invest !!
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14 years ago

I agree! hard work and patience are the keys to succeed and become wealthy. Very nice post, I love it!

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14 years ago

I've see both sides of the same coin here; some agree, some disagree, and both sides have great points. I believe it all comes do to what you believe. Like Henry Ford said, "If you believe you can, you can. If you believe you cannot, you cannot. Either way you are correct."

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14 years ago

Originally Posted by scortillion

I've see both sides of the same coin here; some agree, some disagree, and both sides have great points. I believe it all comes do to what you believe. Like Henry Ford said, "If you believe you can, you can. If you believe you cannot, you cannot. Either way you are correct."

Some agree and some disagree and both sides have good points.

Could it be... just maybe...

Both are right

For people just starting out who have no self-control over spending their money, the phrase "it takes money to make money" is bad advice. They'll dump their money everywhere.

For people who HAVE self-control and can wisely budget their money, this is good advice. If you've built a nest-egg, then investing it is better than letting it collect dust. You should put that money to work for you and invest it wisely.

You can start with nothing, and you can also start with money in your pocket.

There are two other situations overlooked in this thread. First, there are people who started with money and lost it. Then, there are also sad cases where people started with nothing and worked hard and stayed broke. Unfortunately, I think there are too many people in the last category.

Obviously, the factors of money and determination play a role in success. However, I think there's more to it than that.

After you first make an income and keep your expenses lower than what you make, then you can look towards investing. And internet ventures are investments. It's just that these investments also require action. However, the returns of money combined with action are phenomenal.

If you haven't done that part of controlling your expenses and setting aside money to invest, then no business venture will be successful because you're spending... Not investing.

Bottom line: the term "it takes money to make money" applies once you've handled more basic things like controlling your spending.

The missing key to success in this thread is...

Spend less money than you earn...then invest it wisely

What qualifies as "wise" is a completely different discussion though.

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14 years ago

Good points
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14 years ago

Originally Posted by John Broberg

Some agree and some disagree and both sides have good points.

Could it be... just maybe...

Both are right

For people just starting out who have no self-control over spending their money, the phrase "it takes money to make money" is bad advice. They'll dump their money everywhere.

For people who HAVE self-control and can wisely budget their money, this is good advice. If you've built a nest-egg, then investing it is better than letting it collect dust. You should put that money to work for you and invest it wisely.

You can start with nothing, and you can also start with money in your pocket.

There are two other situations overlooked in this thread. First, there are people who started with money and lost it. Then, there are also sad cases where people started with nothing and worked hard and stayed broke. Unfortunately, I think there are too many people in the last category.

Obviously, the factors of money and determination play a role in success. However, I think there's more to it than that.

After you first make an income and keep your expenses lower than what you make, then you can look towards investing. And internet ventures are investments. It's just that these investments also require action. However, the returns of money combined with action are phenomenal.

If you haven't done that part of controlling your expenses and setting aside money to invest, then no business venture will be successful because you're spending... Not investing.

Bottom line: the term "it takes money to make money" applies once you've handled more basic things like controlling your spending.

The missing key to success in this thread is...

Spend less money than you earn...then invest it wisely

What qualifies as "wise" is a completely different discussion though.

Excellent point!!! I like it.

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14 years ago

Just to clarify, because of a few PMs I had.

The package I will be offering for download will be 100% free, no strings attached; just my way of saying thanks for everyone taking part in the discussion.

I just need a few weeks to go through what I have and put something useful together.

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14 years ago

I have to agree with you on this one. What one needs most is persistance, perseverance and the ability to persuade others of the viability of your idea if you need money.

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14 years ago

It doesn't take a huge amount of money to build an empire, you have to have the skills and knowledge to get where you desire. Not to mention action!

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14 years ago

Originally Posted by hotboy18

It doesn't take a huge amount of money to build an empire, you have to have the skills and knowledge to get where you desire. Not to mention action!

I think that's the missing factor in many home and online businesses, the action part. To many people believe all they have to do is purchase a product, put it online, without changing it, and the money will come flooding in.

It takes work "action" to make really money from someone elses products.
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14 years ago

It seems the key facor here is one's belief. Some believe it can be done and other don't. Every success story I've ever read the person always had a strong belief they could succeed before they actually did.

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14 years ago

It all depends on what you want to do, some ventures take money to start while others do not.

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14 years ago

No, it does not take money to make money.

It take longer to make money without money. With enough money, you can advertise, hire better programmers, make a better product, and skip over some of the things that often hold people back.

There are many opportunities, via the internet, in which you could make money without expending any money.

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14 years ago

Originally Posted by tritrain

No, it does not take money to make money.

It take longer to make money without money. With enough money, you can advertise, hire better programmers, make a better product, and skip over some of the things that often hold people back.

There are many opportunities, via the internet, in which you could make money without expending any money.

so true... money makes things build quicker and allows you to do more in a shorter period of time.

By the way, like the share button, first time I've seen one in a post.

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14 years ago

really a great post. I appreciate this post. money is important but not necessary for success.

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14 years ago

Originally Posted by hireseoexpert

really a great post. I appreciate this post. money is important but not necessary for success.

I believe that all depends on what you want to be successful in. If it's to be a great artist then I agree money isn't important; but if it's to be a success at a business then it would be.

It all depends on YOUR definition of success. But I also believe that you can have goals to be successful at a number of things.
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14 years ago

Yes and no,

I truely believe in the old saying that "time is money" and because I started with no money I was forced to spend alot of time. After I began making some money I reinvested it back into my business.

So it doesn't necessarily take actual physical money to make money, but it does take something. So yes in my opinion it does take money (time) to make money.

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14 years ago

I'm sure that all newbies would love to see this post being answered as:

NO! YOU DON'T NEED MONEY TO MAKE MONEY...

And judging from most of the replies here, i would say that the statement is true indeed

But like tritrain mention, its going to take you a little more time than most of you expect

That's when bootstrapping comes in handy...

Thinking along these lines will be more helpful rather than hoping to find a "get rich quick" business model

Doing business is FUN. If you wish cut short the journey and skipped ahead, trust me, you're bound to feel UNFULFILLED.

Think about it... BOOTSTRAPPING.

Once you get some money start rolling in, find a way to LEVERAGE IT.

Cheers!

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14 years ago

Nice post !

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14 years ago

Thanks for this nice post.

I agree that it does not take money to take money. As long as your basic needs (food, shelter and clothing) are required.

If you do have those 3 and some skills that sells well (like sales, public speaking, etc.) then you can easily make money utilizing those skills.

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11 years ago

I think you must have right mindset and attitude with patients and resilience otherwise it is easy to bring down any business.
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14 years ago

Without investment like in any other business one will struggle to make great money online.

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14 years ago

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

I don't believe that you have to spend a lot of money to make money but it does help!

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14 years ago

Originally Posted by Jeremy Barker

I don't believe that you have to spend a lot of money to make money but it does help!

I believe most people that have commented agree, it IS possible to get started with little or no money, but to grow your business you DO need to reinvest what you earn.

The more money you earn and reinvest the faster your business, and wealth, will grow.
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14 years ago

absolutely, especially internet marketing. It is not a poor man's game.

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14 years ago

All that I know is that it takes money to lose money, so if I don't have any money to lose I'm much better off.

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scortillion

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14 years ago

Originally Posted by jasond33

All that I know is that it takes money to lose money, so if I don't have any money to lose I'm much better off.

Are you saying you don't want money? Just trying to be clear on what you're saying.
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14 years ago

I also believe on that! If you want more profit, you should also have to invest more.

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14 years ago

Originally Posted by alanabowe

I also believe on that! If you want more profit, you should also have to invest more.

In the begining you should reinvest just about all, if not all, your profits to build your business. If you take from your earnings early in the game it will take much longer for your business to grow and support you.

After all the major goal is to work online and quite your day job; be your own boss and live the good life. But if you spend what you earn in the beginning it will take much longer to achieve your goal.
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14 years ago

awesome post! a good kick on my behind too.

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14 years ago

What a great post and conversation from everyone in it. Definitely motivating for me, thanks everyone!

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14 years ago

It definitely can be easier you can make money faster but you definitely don't need the business im doing now was started we very low start up income now we are making 5 figures months

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14 years ago

Yes, its easier if you have a little start up money to make money. Its like a magnet,
Its a basic business strategy. If you're just starting IM, you got to pay for internet service, then you need a domain, then a server, etc. You can get some of those for free but you got to give something in return.
But its not the only strategy. Mr. Scortillion tells about a kid from $0.63 made it to $40,000,000. Thats pretty awesome. But how long did it took him to reach that point. What if he had $63,000 instead of $0.63, will he be able to get the same amount of money in half the time?
You need money, but in our own little IM world, starting up need not be BIG, Just work hard, don't forget to learn. and move forward, always move forward. And use that same amount of money you earned to make more money.

"A single beam cannot support a great house."
Jing Quimpo

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14 years ago

I think you might need a little bit of money to get started, but it's not entirely necessary. Great topic!

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14 years ago

this is an awesome deal, wow!!!! looking to get started right away!

--Cory

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14 years ago

I actually disagree. I've started with zero dollars and produced a couple hundred. I spent it on a War Room membership and a program I'm going to use to produce digital products. Now I have money I don't know where to spend. *shrug* Good problem to have I guess.
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14 years ago

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

I disagree...You make a very good point but it does "take some money to make more money".

Believe me Andrew Carnegie had money...yes very little but without some money he would have never made it to America. Once he got here he was smart enough to invest what little he had to make more money.

This is the true American dream that we are all after. It takes guts, determination and sheer hard work to get to where you want to go. It don't matter if your from China or Timbuktu.

My Father told me hundreds of times "Education" will get you to the top. This is one big reason this forum is soooo popular. It gives many of us the "education" that we need to make our marketing adventure successful.

Paul

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14 years ago

Originally Posted by guzie

I disagree...You make a very good point but it does "take some money to make more money".

Believe me Andrew Carnegie had money...yes very little but without some money he would have never made it to America. Once he got here he was smart enough to invest what little he had to make more money.

This is the true American dream that we are all after. It takes guts, determination and sheer hard work to get to where you want to go. It don't matter if your from China or Timbuktu.

My Father told me hundreds of times "Education" will get you to the top. This is one big reason this forum is soooo popular. It gives many of us the "education" that we need to make our marketing adventure successful.

Paul

Education (knowledge) IS very important, but you can have all the education in the world and still not be successful. As they say, Education + ACTION + A Plan = Success.

Just look at all the teachers and professors out there that teach all this stuff. They may be good at teaching but very few are financially successful because they don't take the action to follow their own advice.

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14 years ago

NO!! Not by a long shot...I've spent thousand of dollars, and haven't made haft of it back yet..And i Know it all my fault..but I'm still going to crush it one day hopefully soon.. It's more Positive Attitude that will make you money and to never give up period....

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14 years ago

sometimes it does take a lot of coffee, though...

I have always considered my time valuable, and something I often had more of than money.
After the death of a close friend, my wife, I realized the more important of the two.
So I came to a point in my life that is: If I am going to use an asset as valuable as my time, it is going to be as if my life depended upon it. Wasting such a valuable thing as time, is worse than throwing money out of the window, in my opinion. In fact, it is quite literally throwing life out of the window.
Does it take money to make money? Perhaps not, but it does take something much more valuable.
Either way, with or without money, business owner or grunt, time should be treated as if it can never be renewed...

If you go into something without funding, realize the true cost and make every move count so that you get the most value from your time. And be sure to enjoy the ride and not fret over trivial details, such as money. It is the ride that is the funnest part and something you never get back.

Ken

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14 years ago

Originally Posted by Ken Durham

sometimes it does take a lot of coffee, though...

I have always considered my time valuable, and something I often had more of than money.
After the death of a close friend, my wife, I realized the more important of the two.
So I came to a point in my life that is: If I am going to use an asset as valuable as my time, it is going to be as if my life depended upon it. Wasting such a valuable thing as time, is worse than throwing money out of the window, in my opinion. In fact, it is quite literally throwing life out of the window.
Does it take money to make money? Perhaps not, but it does take something much more valuable.
Either way, with or without money, business owner or grunt, time should be treated as if it can never be renewed...

If you go into something without funding, realize the true cost and make every move count so that you get the most value from your time. And be sure to enjoy the ride and not fret over trivial details, such as money. It is the ride that is the funnest part and something you never get back.

Ken

I completely understand what you are saying and I DO agree. Time is the most important factor and the one resource that you can NOT replenish. That is why if you are starting out in the IM business you should begin outsourcing your projects as soon as you can afford it.

I worked at a job for 18 years and worked LOTS of overtime only to look back later in life and see how much of life I missed and what I missed out on.

True success is finding the balance between using your time to become successful while being able to enjoy life and those in it that make life worth living. Because once they are gone you'll never be able to get that missed time with them back.

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14 years ago

Couldn't agree more.. you need money to big money.. that's why the rich keep getting richer by the day.

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14 years ago

A wise saying that "Hardwork is the key to success", big achievement and success is only possible with handwork, courage, boldness and long lasting patience then one can get its goal in life successfully. Behind every big success there are a lots of sacrifices and hardships exist. Money really has nothing to do with our success.

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14 years ago

No it doesnt, it takes contact and connection to make money. Money just grease in the process : )

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14 years ago

This is a great subject and it could be debated for years. Here's my take:

If you find a free system (or invent your own) that really works, then keep reinvesting your profits into things like advertising, list building, etc. over time you can make a fortune.

Did it cost you a single dime out of pocket? Nope! And the investment in time and effort is well worth it.

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14 years ago

I believe in order to make money you have to invest just a little bit...as a college student I don't plan to make big money but I feel with jut a little bit of time and a little bit of money being able to see a profit makes you feel that your INVESTMENT was worth putting your money into.

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14 years ago

Investment is the keyword here!!! You can invest time, and you can invest Money. You decide what you'd like. I've tried both and both has seemed to work for me. So it can take no money and just time. Or it can take a couple bucks to get you started. Depends on how much research is done and how much time you are willing to spend. looking for which route you want to go

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14 years ago

Originally Posted by ericeastman

I dont really agree.
My father is a self made millionare. He came from literally nothing. 10,000 dollars of debt out of college. Father died when he was 11. Mom and alzhiemers etc. He worked and saved his whole life but was SMART about it. Finally one day (when i was 4) he got the job at a company here in silicon valley. He got the 600k a year salary that he had always aspired for.
I didnt leech off of him. I probably could of somehow but so far he has paid for my education thats it. I have gotten my own connections and jobs and even though I am very young I am doing well.

It comes from hard work and smart decisions. It also comes from taking risks. We must also realize what this new generation holds. It is different things are changing.

Great point and something that should give everyone hope that it is possible to start with nothing and become successful.

My grandfather is now 97, he only went to the 5th grade because he needed to go to work to help support the rest of the family. But he worked hard, held two jobs all the time I was growing up and worked the one until he was 90.

He was not millionaire, but he was comfortable, no bills, owned his own home and had money in the bank. To him, and me, he was very successful.

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14 years ago

If the question is solely about whether it's possible to make money without any start up costs in IM, the answer is yes.

But if you're wondering if it's possible to make a lot of money without investing money, the answer, in my opinion, is no.

The reason is because even with the same multiplier, the absolute amount of money you can make is significantly less if you don't invest. For example, if you're playing roulette, and you win 5 times in a row going all in starting with $1, you'll get $16 which is a 1500% increase from the start. But the same scenario starting with $1,000 would get you $16,000.

They both show the same growth but the difference in dollars is $15 vs. $15,000.

Similar principles apply in business and is unavoidable.

To cut the long story short, just ask yourself if facebook would be where it is now if they were jews about investing more money to increase bandwidth for hosting the site and just decided they were happy with the results they were getting.

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14 years ago

Money does help in the initial fight for life and getting established. Perhaps we have some money and so we do not work as hard as those who had nothing with them and then became richest persons.

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14 years ago

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

I was inspired by your quote. I agree to you. Money is not about everything. If you want to get rich, make use of your own skills. God gave us so many skills, we just have to discover it, know what we want and find our niche where we will excel.

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14 years ago

It is definitely easier to make money if you already have money - having money opens up a variety of business opportunities that are not available to those that don't have money. Moreover, it can can allow you to sustain losses in your business. Many companies lose money the first year or more, and if you have no money, you simply cannot sustain those losses.

A prime example of needing money to make money is the stock market. Let's say someone invests in a stock that ends up increasing 1%. Someone who has only $100 invested would have made only 1 dollar (which would make it both not worth the time and effort to invest for that little money, and put them in the negative due to brokerage fees). If someone who has $1,000,000 put their money into this stock, they would have made $10,000. Both of these people had the same forethought to see that this stock would increase, but only the rich person made money.

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14 years ago

Originally Posted by LoganWinters

It is definitely easier to make money if you already have money - having money opens up a variety of business opportunities that are not available to those that don't have money. Moreover, it can can allow you to sustain losses in your business. Many companies lose money the first year or more, and if you have no money, you simply cannot sustain those losses.

A prime example of needing money to make money is the stock market. Let's say someone invests in a stock that ends up increasing 1%. Someone who has only $100 invested would have made only 1 dollar (which would make it both not worth the time and effort to invest for that little money, and put them in the negative due to brokerage fees). If someone who has $1,000,000 put their money into this stock, they would have made $10,000. Both of these people had the same forethought to see that this stock would increase, but only the rich person made money.

Just remember that when you invest large sums of money you gain money more quickly, BUT you can also lose it very quickly too. It all comes down to investing wisely and watching it. Plus keep on building multiple streams of income. Depend on just one too much and you may be poor in one bad turn of events.

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14 years ago

Well Said James!!!

All it takes is a great idea and being able to follow through with it.
It takes faith, perseverance and hard work!

Money to start with would be nice though

But, it is not a necessity for sure.

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

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14 years ago

Originally Posted by NoviIM

Well Said James!!!

All it takes is a great idea and being able to follow through with it.
It takes faith, perseverance and hard work!

Money to start with would be nice though

But, it is not a necessity for sure.

Faith it key, faith in yourself and your goal. The belief that you CAN do it!!!

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14 years ago

Reading this post gives me hope. I've been lurking around on the warrior forums for a while. I've hesitated to post something because I'm fairly new to internet marketing. I've been struggling to make some type of profit online for the last couple of months. I'm in desperate times right now, with hardly any money. Recently, I just put in the last little bit of money I had into a WSO that I believe will help me. I refuse to give up and stay in the predicament that I'm in. Every day I'm working and learning to better my life. I know I can build myself up. Work from nothing and really have something in the end. Even with a great program to help me, I would think if I had more that I could make more. But... reading this gives me further strength that it's not the money that makes you successful but the drive in your soul.

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14 years ago

It takes money to make money.
Interesting quote. Many have stated that you don't truly need money, while others differ.

For instance I started out with 1k. I lost all that money but in a short period of time got all that money back. Learned and applied my personal experience to avoid bump roads.

Perhaps it has something to do with your desires and dedication to accomplish. If someone has no desire but finds something interesting, then failure could occur. Unlike if someone who desires and is dedicated to something but things did not turn out how they would have wanted, then that initself is a valuable personal experience that could help out succeed soon.

Now, for the majority it does take some money to get something back. But its also true that in some rare cases as the ones you posted, can be repeated a few times over the years. I'd say the reason why this is fact is because we all have that notion that money brings in something. Without it we find it hard to believe that you don't need money.

Just random thoughts at its best :p

regZ

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14 years ago

Not necessarily.. Although it would be a lot easier to make money if you had money.. but that doesn't mean that you can't if you had none, it just won't be as easy.

Having the right mindset you can accomplish much success.. Even a broke homeless guy one day decided to change his way of thinking and he ended up filthy rich all because of having the "right mindset"! I'm sure he didn't have any money to start off with. (true story)

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14 years ago

Originally Posted by Phuoc

Not necessarily.. Although it would be a lot easier to make money if you had money.. but that doesn't mean that you can't if you had none, it just won't be as easy.

Having the right mindset you can accomplish much success.. Even a broke homeless guy one day decided to change his way of thinking and he ended up filthy rich all because of having the "right mindset"! I'm sure he didn't have any money to start off with. (true story)

I believe I know who you're talking about and I agree. It all comes down to your state of mind and whether or not you believe in yourself and the possibility.

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14 years ago

I think it takes discipline to make money.

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14 years ago

Originally Posted by mosthost

I think it takes discipline to make money.

Discipline is a big part of it. Burning desire, really wanting what you're goal is, is the key. If you just say I wish I had a new car and left it at that odds are you'll not get the new car. But if you had pictures of the new car you wanted all over your house, on your desk, on your computer screen, read books about it, and focused on it day and night.
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14 years ago

Disagree. Without the proper mindset and attitude, a person can bring a successful business down, forget about making money.

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14 years ago

I think in order to keep yourself on track, you need to not be afraid of spending money. You have to be in a position where, an investment of $25 is not holding you back strictly because you don't want to pay for it.

I think that you need to look at all of your spending as a miniscule investment into your business.

Think of it this way, how much investment does it take to open a business OUTSIDE of the IM world? Thousands? TENS of thousands?

The reason that this area shines for most people is that they can do it from home, and the startup cost can be virtually zero. Can you start from the absolute bottom with not a PENNY on you in the IM world? Sure, but will it be an extremely hard and bumpy road to your first $100 day? Absolutely.

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14 years ago

Originally Posted by xwgpx55

I think in order to keep yourself on track, you need to not be afraid of spending money. You have to be in a position where, an investment of $25 is not holding you back strictly because you don't want to pay for it.

I think that you need to look at all of your spending as a miniscule investment into your business.

Think of it this way, how much investment does it take to open a business OUTSIDE of the IM world? Thousands? TENS of thousands?

The reason that this area shines for most people is that they can do it from home, and the startup cost can be virtually zero. Can you start from the absolute bottom with not a PENNY on you in the IM world? Sure, but will it be an extremely hard and bumpy road to your first $100 day? Absolutely.

I totally agree. You cannot be afraid to spend money IF it will earn you more money. I'm not saying you should do everything for free, all I meant is that it's possible to get started without money and to grow your business by reinvesting what you earn.

I agree with you that you should invest what you earn to grow your business.

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14 years ago

It takes hard work and will power to achieve what you want!

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14 years ago

you don't need money to make money anyone can start with free methods.. but if you want to have a real business online you have to invest money back in business.

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14 years ago

it takes a lot more then just money, but obviously it is something that can get you results faster...

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14 years ago

All it takes is alot of hard work and learning the not to an need to that will give you an edge.... That is a very motivational post you wrote and I really enjoyed it....

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14 years ago

I think it can work either way. Either we spend money to make it happen faster or we work our buts off. Either way energy need to be spent. Since money is a form of energy if we spend more of it we can make it happen faster. Doug

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14 years ago

Originally Posted by dhewitt

I think it can work either way. Either we spend money to make it happen faster or we work our buts off. Either way energy need to be spent. Since money is a form of energy if we spend more of it we can make it happen faster. Doug

That's very true! If you don't have the money then you need to work harder. Money allows you to outsource and build your business faster.

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14 years ago

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14 years ago

Originally Posted by musumeci1

How good is your business plan. That is what it comes down to if your going to start a solid business online on a shoe string. I started WorldWide Partnership less than a year ago and it has exploded. Point being that I had the knowledge to realize that for me to be successful in this economy I needed to make others successful without breaking the bank.

Our blog is basically free and without it we have very little. I love affiliate programs but you need your own blog.

Keyword research does not have to cost a penny with the many free tools online.

Syndication with the likes of onlywire and many free tribes out there gets your backlinks and traffic. It can be done, just to bad that most people who do have the answer want to break it into 20 different programs at $100 a piece.

Great point! If you put your blog link in your signature file I'd love to check your blog out.

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14 years ago

How about a new metaphor "it takes creativity to make money"

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14 years ago

creative thinking , since and strong desire is an asset though money is important aspect of any business.

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14 years ago

I rescend my first comment a few weeks ago.. I have spent money only on hosting and a domain name and I am about to make a big influx of cash.. So yes, money is needed. But less then 100 and it can be accomplished. I am looking to turn 100 dollars into millions. I know it will happen, it just takes patience.

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14 years ago

Im a newly single mom and a Crazy Workaholic... With that said, I had to be creative and make money at home, and start off with, zero dollars.

After endless, online research and experimenting with trails and errors, ive been able to teach myself the ins and outs of online marketing and began making money with little money out of pocket.

Grant it, it is much easier to learn the business and start bringing in income faster when you have the money to invest, but I am proof that it can be done with little money.

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14 years ago

Originally Posted by balancedlyfe

Im a newly single mom and a Crazy Workaholic... With that said, I had to be creative and make money at home, and start off with, zero dollars.

After endless, online research and experimenting with trails and errors, ive been able to teach myself the ins and outs of online marketing and began making money with little money out of pocket.

Grant it, it is much easier to learn the business and start bringing in income faster when you have the money to invest, but I am proof that it can be done with little money.

God, I love those success stories! It just goes to show that you CAN do it if you WANT it bad enough!!!

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14 years ago

I am determined to do it from scratch and with the exception of what Ebay has "generously" allowed me to keep last month being the only money I will spend on my way to $48k.

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14 years ago

Originally Posted by KAYEKINNEY

I am determined to do it from scratch and with the exception of what Ebay has "generously" allowed me to keep last month being the only money I will spend on my way to $48k.

You'll make it, we know you will!!!

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14 years ago

You can start making money without money. But, money makes money...but you have to think about how to spend the money.

I started without $0, and now i have some nice money in my bank!

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14 years ago

I think when you start off small, once you gain a profit its going to be needed to grow your business. For most people starting out they don't have the money so they have to invest their time. But once your business starts to grow you will need to outsource a lot of your work because it will be to much to handle. Money does help, and gives you an advantage, theirs no doubt about that.

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14 years ago

Originally Posted by jcruz

I think when you start off small, once you gain a profit its going to be needed to grow your business. For most people starting out they don't have the money so they have to invest their time. But once your business starts to grow you will need to outsource a lot of your work because it will be to much to handle. Money does help, and gives you an advantage, theirs no doubt about that.

I agree... in the begining you invest your time to grow your business; after you begin earning money you invest your money to grow your business and reclaim your time for yourself and your family.

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14 years ago

Hi

In 2004 I won quite a lot of money and I had just got in to Internet marketing and I started buying course after course after course but I didn't have the drive or the passion there to keep me focused or moving forward,to cut a long story short I was declared bankrupt within 8 months of getting hold of that money.

So I had to start again with nothing at the start of 2005 and now I own and run a multi million pound property portfolio and my seo business has just taken off in the last 6 months.

Start with nothing it worked for me good luck to you all

Regards Gavin

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14 years ago

Originally Posted by Gav35

Hi

In 2004 I won quite a lot of money and I had just got in to Internet marketing and I started buying course after course after course but I didn't have the drive or the passion there to keep me focused or moving forward,to cut a long story short I was declared bankrupt within 8 months of getting hold of that money.

So I had to start again with nothing at the start of 2005 and now I own and run a multi million pound property portfolio and my seo business has just taken off in the last 6 months.

Start with nothing it worked for me good luck to you all

Regards Gavin

Glad to hear everything worked out for you after all that! What did you start with to get back on your feet? If I may ask...

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14 years ago

Thats what me appreciate what I have now all the more because I did it starting with about £350.00

Cheers Gavin
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14 years ago

I agree that it does take money to make money. The entrepreneurs of years past like the Astor and the Getty did it right. Every serious person who wants to make money in their home based business should study those individuals and learn from them.

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Banned 14 years ago

Yes agree
Money pulls money.
The richer one gets richer & poors are becoming more poors.

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14 years ago

Originally Posted by newmovies

Yes agree
Money pulls money.
The richer one gets richer & poors are becoming more poors.

I disagree... the poor one get poorer because they give up. Everyone needs help now and then but if you don't help yourself then all the help in the world won't make you wealthy.

Too much help makes you dependent on others and then you become their slave, because if you don't do what they want they stop giving you money.

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Banned 14 years ago

Originally Posted by scortillion

I disagree... the poor one get poorer because they give up. Everyone needs help now and then but if you don't help yourself then all the help in the world won't make you wealthy.

The richers cant give up ?
The poor ones get poorer is not because they give up but because they dont know what is good in there career due to lack of improper education .

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14 years ago

Originally Posted by newmovies

The richers cant give up ?
The poor ones get poorer is not because they give up but because they dont know what is good in there career due to lack of improper education .

To a point you are correct. When we're in school we learn a great deal about history, english, and science, but nothing on how to succeed and become wealthy. Not one class is given on how to become successful or how to invest and grow your money.

To many people graduate from high school with no idea how to make it in the world. You're left to your own devices.

I believe that once you hit 9th grade you should have at the minimum one class on success and another on wealth building. By the time you graduate you should know how to motivate yourself for success and how to invest and grow your money.

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14 years ago

It really take a burning desire to achieve whatever it is you want. The money comes later.

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14 years ago

They are lot of way to make money. But to make fast money, people would dare to spend money to make money.
It can't be wrong while there are lot of service always stay beside you to help you make money.
Like me i paid for lot of PPC to get traffic, but i able to convert those traffic so sales.
So i believe that paid money to make money is not a mistake, as long you spend it correctly.

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14 years ago

i think there are a lot of ways to make money. it needs knowledge, experience. skills, not just money

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14 years ago

You don't need money to make money but money provides shortcuts and scalability (ie doubling your manpower by hiring someone else)

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14 years ago

Originally Posted by Web Tempest

You don't need money to make money but money provides shortcuts and scalability (ie doubling your manpower by hiring someone else)

Exactly! Once you earn money you should begin outsourcing as soon as you can. The more you outsource the more time you have to work on expanding your business and earning more money, which in turn you outsource even more.

So even though you CAN start with NO money at all, you need to reinvest the money you earn to grow your business as quickly as possible.
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14 years ago

i agree
but its not always true

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14 years ago

i agree
but money making is not easy some sacrifices have to be done

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14 years ago

Originally Posted by stufftheme

i agree
but money making is not easy some sacrifices have to be done

I believe making money is all in your frame of mind. I have made money very easily at times and at others it was such a struggle. When I look back I notice the mind frame I was in during those times.

When I felt positive and in full control things seemed to happen with ease, when I was filled with doubt and fear everything was a struggle and I felt like I had to fight every step of the way.
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14 years ago

Money is not the only factor that makes you money....there are many who have loads of money whether it be through inheritance or lottery.

But not all make money from money.

What they need is courage, desire and determination....and above all A 'winning' PROCESS.

So money is does not make money if above is not in the 'MIX'

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14 years ago

Money itself cannot make more money unless it is put into yielding good investment returns. Money is like the "Golden Egg" but YOU , the one who produces the "Golden Egg" is the key factor behind the good investment returns.

To this end , I would conclude that we need to have both - You who make the decision on investment , and you must have the Money to siege the opportunity for good investment returns.

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14 years ago

Originally Posted by Chin M C

Money itself cannot make more money unless it is put into yielding good investment returns. Money is like the "Golden Egg" but YOU , the one who produces the "Golden Egg" is the key factor behind the good investment returns.

To this end , I would conclude that we need to have both - You who make the decision on investment , and you must have the Money to siege the opportunity for good investment returns.

Having the money to take advantage of a good opportunity is very important, but if you have nothing to begin with you can still build your wealth by taking advantage of your skills or learn what you need and build your base capital.

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14 years ago

I think it's funny that those who do make money from 0$ never come around selling hyped up e-books and "formulas" because they never bought the stuff themselves.

Usually takes a creative Marketer to make it without spending money.

As the famouse quote goes;

"If you can't mispell a word more than twice, you have no imaginiation" - Mark Twain?

regZ

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14 years ago

I try to do everything with little or no money, thats the only way to do it. Figure out how to make money from nothing, once you do, throw some money at it and make even more.

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14 years ago

Still it depends on what money-making venture you're trying to start. Good thing though we have the Internet where making money can be done with little to no capital. And in most cases, everyone knows that skill, belief in oneself and hard work are just some things that separate a successful business owner from one who's not.

Walt Disney is another person you should include in that list. His story never failed to inspire me.

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14 years ago

Originally Posted by Vienn

Still it depends on what money-making venture you're trying to start. Good thing though we have the Internet where making money can be done with little to no capital. And in most cases, everyone knows that skill, belief in oneself and hard work are just some things that separate a successful business owner from one who's not.

Walt Disney is another person you should include in that list. His story never failed to inspire me.

The internet is a place that levels the playing field. Where a person with NO money at all can become a millionaire or billionaire. Just look at facebook! Started by a college kid and now worth over $100 billion dollars!!!

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14 years ago

The question was can you make money without money; not can you become a millionaire without spending money.

What I tried to get some people to realize is that online you CAN get started with ZERO dollars and make money. But to grow into a successful business you MUST reinvest the money you DO earn in the beginning.

Spending the money you earn in the beginning without investing it into your business is the best way to fail. The one place you need to begin investing right away is in outsourcing. You need to free up as much of your time as possible to manage you business.

As you grow your business you’ll even be able to outsource the management.

But no matter how big and successful you get always keep a hand in your business and know where the money is at!!!

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14 years ago

Inspiring post...one question though: Did any of these successful folks that started with no "money" have credit? Or a financial backer or angel? I'm in the process right now of building my business credit...and I think it's safe to say that with many of these stories about people with nothing making it big, at some point very early in their careers, someone WITH money decided to "back that horse".

Something to think about...

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14 years ago

yes you do need money to make money. Even for the examples you showed they had some money even as low as 63 cents!

You simply can't make money starting at 0$ - but you can earn money utilizing your skills, talent, ideas and then reinvest this money in your business.

What do all these people have in common - innovation and desire to succeed. You need the 'will power' more then money.

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14 years ago

I got started with ZERO dollars. Selling stuff on ebay, writing for content farms, fiverr....none of that cost me a dime. So no, it does NOT take money to make money.

Ok, I did have 10 bucks for dialup internet service. But had I gone to my public library it would have cost me nothing.

The key, as scortillion said, is to reinvest the money that is made. I spent the money on bills, which is why I have little to show.

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14 years ago

I agree because I have seen people rise from nothing to great wealth through sheer hard work and dedication.

Patience is also key on the journey to great wealth because success does not happen overnight. Those who persevere get to see the reward of their efforts.

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14 years ago

GREAT posts everyone!!! I love seeing both sides of the discussion; what's even better is that everyone is kind and considerate with their replies and opinions.

Both sides of the discussion give you something to think about. When you start putting the information from both sides together it gives you the bigger picture about making money online and off line.

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14 years ago

Our brain is the only thing we need to make money. It's our greatest asset.

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14 years ago

I certainly agree with you - It starts with a belief and a passion - if you dont believe you can be successful then it wont happen and if you dont do something you have a passion for it will not happen.

Belief + Passion = Success

Belief will promote action to do what is needed to succeed in something you have have passion for!

My passion is to be an actor - I believe I will be a successful actor someday

imdb me- Ben Corey! im on my way

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14 years ago

I believe it does take money to make money. Be honest, if you had $0 with:

No one to borrow the money/supplies from, and
No one willing to even give you a chance to prove yourself

then, you wouldn't be successful. Period. Now for me success formula is:

Purpose + Mindset + Creativity + a little cash = Success

The cash is need to truly take the other three (purpose, mindset, and creativity) to the next level of profitability.

Just a different point of view,
Virginia Clemmons

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14 years ago

Originally Posted by Virginia M. Clemmons

I believe it does take money to make money. Be honest, if you had $0 with:

No one to borrow the money/supplies from, and
No one willing to even give you a chance to prove yourself

then, you wouldn't be successful. Period. Now for me success formula is:

Purpose + Mindset + Creativity + a little cash = Success

The cash is need to truly take the other three (purpose, mindset, and creativity) to the next level of profitability.

Just a different point of view,
Virginia Clemmons

If that's what you believe that that's what is true for you.

Many people have started without no money, BUT they reinvest the money they earn back into the business to grow it. Now it helps if you have money to invest into the business in the beginning because things move faster.

If you do not have money you can still get started making money by offering your time and services and reinvesting that money to make more money.

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14 years ago

Money buys time. If you don't have the money you have to put in the time. If you have the money you can outsource the time.

It's all about leverage.. you only have so much time.. If you don't have the money you will have to spend the time and energy YOURSELF to grow your business. But as you build your business the smart thing would be to start using your money to outsource where you can so that others can use their time freeing up you to RUN YOUR BUSINESS and not be JUST AN EMPLOYEE IN IT.

Shannon

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14 years ago

Originally Posted by scole954387

Money buys time. If you don't have the money you have to put in the time. If you have the money you can outsource the time.

It's all about leverage.. you only have so much time.. If you don't have the money you will have to spend the time and energy YOURSELF to grow your business. But as you build your business the smart thing would be to start using your money to outsource where you can so that others can use their time freeing up you to RUN YOUR BUSINESS and not be JUST AN EMPLOYEE IN IT.

Shannon

Excellent Point!!! Too many people think they own their own business when what they really own is their job.

It's simple to determine if you own a business or a job.

If you go on vacation for 2 weeks and the business continues to make money while you're gone, you own a business. If the business is shutdown and makes no money with you gone then you own a job.

It's that simple. You may not like it but that's the simple truth.

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14 years ago

Yes, it takes money, but not necessarily your own money.

You can start with empty pockets, but at some point you will need tools (borrow from someone who already used money to get those tools and are kind enough to let you use them). Even if you're just going to write an ebook based on your own experience, you'll need to use a computer or ask someone who has one write the ebook for you while you tell them what to write.

But the point is, money is needed, but not necessarily yours. The thing about business is to maximize returns while minimizing risks. So, the less of your OWN money you actually have to use, the better. Far to many businesses have been started leaving their owners bankrupt and with huge debts, simply because they didn't think about "how to limit my own responsibility while getting the biggest piece of the pie possible".

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14 years ago

We all are looking to make our fortune our own way. I think it is important to understand the dimension and the depth of the thought process that is more significant a decision over all the other things.

Like When Steve Jobs started off, he knew exactly what he was getting into and managed to grasp of the product he was selling was not just the product but the experience of it and what possibilities it would bring about.

And the next important thing would be to have a straight focus on things that you would want to attain along the way.

But I have to say that to top it all, you definitely would need money

, no matter how little a hit it maybe to make the most of the opportunity that may present itself.

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14 years ago

Of course it takes money to make money. You are building a business! I would only say that it takes 'wise' money to make money.

The only laments I have are the incredible distractions, rampant dishonesty, and the tendency of many to market in such a manner as to 'pillage' the unsuspecting. Many of us have been burned and wasted a lot of money. But sometimes learning the hard way is the best way.

Scott Bennett

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14 years ago

I think money to you can just like spare time or computer. Do you need money to make money, no we all have a variety of tools at our disposal we just need to figure out when, where and how they should be use. But You have good plan and a long time keep try hare.

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14 years ago

Great, post. I'd say that saying should be changed to it takes capital to make money. As capital can include several different variables. One of which is creativity, another persistence, perseverance, and etc. Of course money helps but not starting off with it is not a barrier to business success.

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14 years ago

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

Very true. As Napoleon Hill said--Whatever the mind of man can conceive and believe, the mind of man can achieve--through a positive mental attitude--

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14 years ago

Even when you think you can do it all without money, you're still have to spend your time.

In the end, it's not "you need money to make money"
It's "you need money to make MUCH MUCH MORE money"

This is what I can tell after one newbie year of un-resulting IM effort

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14 years ago

Originally Posted by Viramara

Even when you think you can do it all without money, you're still have to spend your time.

In the end, it's not "you need money to make money"
It's "you need money to make MUCH MUCH MORE money"

This is what I can tell after one newbie year of un-resulting IM effort

That's what it comes down to: you either need time or money to make more money. So if you're willing to trade your time then you can make money, if not they you need to invest your money.

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14 years ago

This is very inspiring. Thank you for sharing your thoughts on this.

If you lack money, you have to compensate for it with a ton of creativity and persistence.

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14 years ago

Great Post! I would have to agree - you do not have to have money to make money.

It sure does help - but not a necessity.

I started with VERY little money to invest and now I am full time IM and doing well. However, I do re-invest now in my business to help it grow!

Lisa

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14 years ago

Originally Posted by Lisa Hayslett

Great Post! I would have to agree - you do not have to have money to make money.

It sure does help - but not a necessity.

I started with VERY little money to invest and now I am full time IM and doing well. However, I do re-invest now in my business to help it grow!

Lisa

Great to hear you're succeeding!

Some times you have to decide that it's better to hire someone to do the work for you then to spend all your time wrapped up in learning something new and then creating a product, when it's quicker to hire someone that already knows how to do it.

To become rich you need partners; even if those partners are hired.

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14 years ago

It does not take money to make money - it takes resources to make money. At the simplest level, profit can be made by bringing together scarce resources and supplying a demand. Basic business theory 101.

Money is typically a highly valued resource which can make the process much easier, but there are other ways to pull desired resources together without having money.

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14 years ago

Originally Posted by cherry_b

It does not take money to make money - it takes resources to make money. At the simplest level, profit can be made by bringing together scarce resources and supplying a demand. Basic business theory 101.

Money is typically a highly valued resource which can make the process much easier, but there are other ways to pull desired resources together without having money.

Great point! Money IS a resource like TIME. In the begining you have to spend your time to make money. Once you have money you can spend money to make more money. You have to spend one or the other to make money.

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14 years ago

There is a universal principle here. Everything on plannet earth operates by law or principles. That I mean, nothing operates by accident. For you to be in existence, your parents had to by law beget you in their kind, having thesame blood affinity. Lions, sheep, goats etc, all follow the same universal principles of reprocreation.
Money, to the suprise of many also obey this principle. Money finding a way to express itself in another tangible form is the reason why you and I are in this forum. Afterall without internet connection which money warranted you to have acess to this forum, you couldn't interract here. In summary, money will eventually produce the result which it sets out itself to accomplish.

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14 years ago

it took me 2 years with virtually no money in my pockets to start making a lot of money online.
now that i have a huge bankroll, it's so easy to try new methods and start banking fast. i don't think twice about dropping a few $xxx to test something new, and i always end out profitable.

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14 years ago

great encouraging article. thanks for sharing.

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14 years ago

For real estate it certainly does, but then again, one can use mostly other people's money!

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14 years ago

I would somewhat agree but I don't think that you would need alot of money to start out with.....when I first started IM I invested about $200.00 and now I'm making 10 times that with just one product....I would say persistence outweighs money anyday

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14 years ago

Originally Posted by scortillion

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

James Darren Davis

I can't figure out who this person is. Can't you enlighten me?

Thanks,

Bob

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scortillion

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14 years ago

Originally Posted by bobbyp21

I can't figure out who this person is. Can't you enlighten me?

Thanks,

Bob

This is from the story "Acres of Diamonds" and he never revealed the persons name but just the story and location. If you look up the time this story was told there are a few possibilities.
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14 years ago

You can start without money but you must spend your time with the free method. I'm a fiction writer until I went online, submit my writings through emails and got paid....sound simple, I don't spend extra money, but the writing and waiting for editor's approval are time consuming.

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14 years ago

I agree with you. In fact, I think not having resources at the beginning is very helpful. It forces you to learn many useful skills.

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14 years ago

Originally Posted by Justin Newcastle

I agree with you. In fact, I think not having resources at the beginning is very helpful. It forces you to learn many useful skills.

To a degree you are correct, but if you spend too much time learning a list of new skills you'll never get started. Sometimes it's best to start simple, earn some money, and reinvest your earnings into outsourcing your jobs.

Learning is great, but you're number ONE goal in your online business is to please your customers and
make money!
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14 years ago

Not necessarily true. It depends on many factors.

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14 years ago

I guess it depends on the type of business you are focusing on. To do IM you can start free, free blogs, writing articles etc. without spendng any money. But if you are doing some other type of business you may need some investment to purchase equipment, business licence etc. So, I guess it depends on what type of business you intend to do to make money.

Simple, easy steps to build your List

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14 years ago

Investing money wisely makes money. Most people would rather not pay taxes so they can buy a television then cry when their money and television devalue to worthless.

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14 years ago

Originally Posted by CyanneCampbell

Investing money wisely makes money. Most people would rather not pay taxes so they can buy a television then cry when their money and television devalue to worthless.

Investing wisely is a BIG part on growing your business, but that includes both your time and money.

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14 years ago

time == money == moola != free

and "depends" is the universal answer to any question in the world - interesting?

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14 years ago

Originally Posted by naseer

time == money == moola != free

and "depends" is the universal answer to any question in the world - interesting?

"Depends" on what you mean

But seriously, nothing is "free" you either spend time or money to get what you want.
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14 years ago

Even if you have nothing, you can always make money from nothing, at least in the United States.

You just have to start at a realistic level, even if it's panhandling, then use what you earn to expand. Scale it, and use what you gain to make even greater gains faster.

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14 years ago

Originally Posted by HolyWarrior

Even if you have nothing, you can always make money from nothing, at least in the United States.

You just have to start at a realistic level, even if it's panhandling, then use what you earn to expand. Scale it, and use what you gain to make even greater gains faster.

I agree, in the US you this is possible; at least for now anyway...If the goverment has it's way the entire internet will be controlled, taxed and you'll only do what they say you can do....

But for now you have the chance to start with nothing and make your way to millions, is there!

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Banned 14 years ago

To really start making the big bucks, it takes capital. To get started though, you don't need money. There are free ways to start earning. The thing is to learn from those menial tasks as they will be the base of your business later on. Shortcuts are nice, but working from the bottom up will make you better.

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14 years ago

Nope it takes brain to make money without money , yes i have tried it.

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14 years ago

Originally Posted by azhi24

defiantly right - i have test many wordpress sites but i only start to earn money when i bought my first domain and hosting

That's interesting... What do you think was the difference?

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14 years ago

Originally Posted by butchhamilton

In my opinion, one must always protect their content. If you use third parties, without committing to buying your own servers and domains, you will be letting yourself in for a rude awakening.

Third parties, including WordPress, are notorious for deleting your blogs for no reason.

The solution is to buy domains, and host them on your own server. That way, you have full control at all times.

I agree with you, that's why I have my own server. I like having full control of my server and sites.

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14 years ago

It's a fact but not true always...

I started my online business 3 years back and I had nothing but one computer. What I had in abundance was the time...

I was totally out of money at that time and I compensated it with extra/hard work, consistently without caring about the reward...

Now by the blessing of Almighty, I have my SEO Company with 30 in house workers and about 25 working online.

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14 years ago

Originally Posted by Expert212

It's a fact but not true always...

I started my online business 3 years back and I had nothing but one computer. What I had in abundance was the time...

I was totally out of money at that time and I compensated it with extra/hard work, consistently without caring about the reward...

Now by the blessing of Almighty, I have my SEO Company with 30 in house workers and about 25 working online.

You just have to love those success stories!

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14 years ago

I agree with everyone above, money although can sometimes help but hard work is the biggest asset.

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14 years ago

It doesn't take money to make money, the concept is wrong. It takes action and communication to make money. Because if you don't take action or strong communication with others, money can't be made.

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14 years ago

No I don't believe this statement for an instant

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14 years ago

I made my first money online without spending a dime... but I did spend a lot of time. and time is money... so maybe I did spend money after all. it all depends on how you look at it.

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14 years ago

I agree with this wholeheartedly

Very true.

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14 years ago

Excellent post! I do not believe for one second it takes money to make money. I think success is built around more of a "how bad to do you want it?" concept. Being clever and using your talents and mind, and thinking outside the box can get you very far in life.
Or it has in my experiences

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14 years ago

To be truly successful it takes a combination of many things. Time, knowledge, research, resourcefulness and yes, money. Although you may be able to start out with a minimal investment, it is crucial to re-invest in the company to be able to help it grow. The resourcefulness and research come in when you determine what to buy and when. Money without knowledge of the market you are pursuing could lead to a loss in the end. Not having money, but knowing your market could lead to success, it would just take a bit longer.

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14 years ago

I always wanted it badly, and it came to me when I was desperate. It took a while heh.
Now I use it to lure more of it.

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14 years ago

Money can definitely help speed up the tasks, but I do not think it's everything, though everything needs money in our life. To succeed in anything, it depends on the person's desire, how bad he or she wants to get it. When you have a WHY, then the How will follow.... I love the post here.

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14 years ago

For many things...yes it does take money to make money. But you can make money outside of the area that requires some start up money and then use that money to tackle the area or business op that requires a cash investment.
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14 years ago

Great post. But I still think it takes s single idea to build a business empire. Once you have the right idea, then you can make more money.

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14 years ago

I think an oft-ommited factor in success these days is mentorship. Most people who found rapid, exponential growth had great mentors. Often more than one.

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14 years ago

Originally Posted by James Fortzman

I think an oft-ommited factor in success these days is mentorship. Most people who found rapid, exponential growth had great mentors. Often more than one.

Mentorship is good but you have to be careful of the mentor you choose.

When I was starting out one of the "gurus" were sponsoring a company that said they would help you create an online business and even help create your first campaign so you would earn back the cost of the mentoring program.

Well it was all a lie and I ended out 1000's of dollars and wasting hours fighting with the company just to get half of my money back (the refused to refund the full amount).

Needless to say any company that offer's mentoring without a written guarantee avoid like the plague! The best method I found is to visit the forums, find out what others say REALLY works and then study that material; or better yet find someone who has done it and work for them and learn from them.

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14 years ago

The story you told that was long time ago. How about in 21st century?have you seen Google is not giving money to make money??

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14 years ago

it helps, but probably is not mandatory

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14 years ago

I think it definitely takes money to make money.

ESPECIALLY ONLINE if you're an IM entrepreneur!

But otherwise, even if you're at a job that doesn't require a daily input of your funds, how did you get to that high paying job? College/grad school, I assume...

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14 years ago

Originally Posted by merereilly

I think it definitely takes money to make money.

ESPECIALLY ONLINE if you're an IM entrepreneur!

But otherwise, even if you're at a job that doesn't require a daily input of your funds, how did you get to that high paying job? College/grad school, I assume...

It could have been military training that gave you the skills to be able to get that civilian job once your time was up in the military.

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14 years ago

Great Post!

Money is easier made with money, but time and hard work will make money. Re-investing is the key.

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14 years ago

Money makes money with no work (or little work). As previously mentioned, buy a property, rent it through a letting agent, and there you go. Also established offline businesses - get a good manager (one that doesn't steal too much ).
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14 years ago

I agree that you don't have to have money in the beginning to succeed in the end.One of my Favorite Quotes is by Hall of Fame Coach Vince Lombardi:

Leaders arent born they are made.and they are made just like anything else,through hard work.And thats the price I'll have to pay to achieve that goal or any goal.

Thanks for the inspiration Vince and WarriorForum.

Cheers.

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14 years ago

People say this all the time, and it can be both ways if you want to analyze it. One one hand you need the capital and the funding the scale if you want to make more money - so yes you do need money to make money. On the other hand, all you really need is a brilliant idea and some connection to actually get the ball rolling. Yes, getting the ball rolling can be considered money and so on if you want to get into details. But scaling will always require money, but to get to that point sometimes all it takes is ingenuity.

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14 years ago

Depends on the definition of "money" (e.g. are we talking about it takes at least 100,000).
I would say as long as you have a skill or product that someone wants, you will be in good shape.

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14 years ago

My two cents largely agrees with Napoleon Hill:

Those who can construct practical plans to use capital can always find capital to use.

It may be harder or easier depending on who you know and what kinds of skills you have. But the important thing is to have a clear plan with strong evidence as to why it will succeed.

"I think it'd be totally sweet to own my own business" is worlds apart from "I'm applying [successful business model] to a new market, where I believe it will be equally as successful because of X, Y, and Z."f

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14 years ago

Originally Posted by SeekingNothing

My two cents largely agrees with Napoleon Hill:

Those who can construct practical plans to use capital can always find capital to use.

It may be harder or easier depending on who you know and what kinds of skills you have. But the important thing is to have a clear plan with strong evidence as to why it will succeed.

"I think it'd be totally sweet to own my own business" is worlds apart from "I'm applying [successful business model] to a new market, where I believe it will be equally as successful because of X, Y, and Z."f

Great point! It's all in how you see yourself and succeeding.

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14 years ago

Yes I am fully agree . In this work money is required to make money. Now the people who are rich are getting richer day by day because they have money

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14 years ago

thank you for your insightful observation all you need perhaps is to be good in what you do

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14 years ago

thanks for keep my spirit Diane, i need to be more focus.

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14 years ago

Originally Posted by JuniorMarketing

Yeah I concur . It also depends on what type of business you doing.Say you want to create a business selling houses.You'd need to buy materials to construct the house which cost money .Unless you have a free source of materials or a pay later system.It may not always be the case but most business where you want to built and sell requires money.

What you need for success is Education,Patience,Time and Hard Working.You need to know how to take care of a tree, water the tree and wait for it to grow.

I agree, the key is to learn everything about what it is you want to make money at and then learn even more.

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14 years ago

Its a very good post, yes you are right, it surely takes some money from us to earn good money.

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14 years ago

No... You can start with a job, learn through the Library's all around to educate yourself in just about anything. With the internet now there is really no limit to what one can do if you set your mind to it, (setting your mind) that's the key right there!

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14 years ago

Originally Posted by aveyjake

No... You can start with a job, learn through the Library's all around to educate yourself in just about anything. With the internet now there is really no limit to what one can do if you set your mind to it, (setting your mind) that's the key right there!

The library is an excellent example of where to get started for free.

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14 years ago

Well. It takes money to make more money, but It doesn't take money to make money.

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14 years ago

It might be a little easier to make more money with money.

Starting fresh from zero or very little though and making money will not only make you money but will build character. If you have build your money honestly with hard work, determination and focus you have not only put gold in your pocket but you've gained the knowledge to enjoy your wealth.

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14 years ago

Having money allows you to invest money instead of time.

If you have no money, then you invest your time in your business until it makes money then you leverage the money you have made by buying other peoples time which multiplies your own.

This creates a self perpetuating cycle that can make you rich.

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14 years ago

Originally Posted by SolveProblemsNow

Having money allows you to invest money instead of time.

If you have no money, then you invest your time in your business until it makes money then you leverage the money you have made by buying other peoples time which multiplies your own.

This creates a self perpetuating cycle that can make you rich.

Well said! I agree 100%

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14 years ago

it only took me 17 years to become an "overnight success". while being homeless and $162,000 in debt (no mortgage) i started a business that ended up with 7 figure results in two years. i sold a gold piece, my michael jordon rookie card to get started, it was abvout $1,750 to start initially. i would have borrowed the money otherwise. i ended up with 3 7 figure results from zero in less than 30 months. as you already stated, so many have accomplished this feat so it does not take money to make money. it takes guts, and service. whether we sell a product or service, all of our income in our lives is a direct reflection of how much we are serving society. gates found a way to serve billions, got paid billions. want more money? serve more people. simple formula. when you help 10 people make 1 million a year, you will get at least that much back, likely more.

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14 years ago

Originally Posted by drmfitz

it only took me 17 years to become an "overnight success". while being homeless and $162,000 in debt (no mortgage) i started a business that ended up with 7 figure results in two years. i sold a gold piece, my michael jordon rookie card to get started, it was abvout $1,750 to start initially. i would have borrowed the money otherwise. i ended up with 3 7 figure results from zero in less than 30 months. as you already stated, so many have accomplished this feat so it does not take money to make money. it takes guts, and service. whether we sell a product or service, all of our income in our lives is a direct reflection of how much we are serving society. gates found a way to serve billions, got paid billions. want more money? serve more people. simple formula. when you help 10 people make 1 million a year, you will get at least that much back, likely more.

Love to hear these success stories!

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14 years ago

In some occasions you do need money to make money like in the Stock Market. However, in other occasions you can use the power of leveraging banks for loans if you're into Real Estate.

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14 years ago

Well i would say , it doesn't take money to make money, BUT It surely takes money to make LARGE MONEY..!!

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14 years ago

I think it certainly helps...everyone will tell you the first million is always the hardest!!

Once you have a million it is much easier to go on and turn that into 2million.

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14 years ago

Originally Posted by Richard Groom

I think it certainly helps...everyone will tell you the first million is always the hardest!!

Once you have a million it is much easier to go on and turn that into 2million.

It's not so much having the million that make's it easier, it's the "know-how" that comes with making the first million that make's it easier.

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14 years ago

I definitely think you can do it both ways...

but I think its a LOT easier if you have some investment capital!

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14 years ago

Has anyone considered that money is just a green piece of paper that the government promises is worth something?
It's nice to have but unnecessary. You could take away every cent many millionaires have and they'd find their way back to where they are within five years (Most within less than that). It really comes down to mindset. The most profitable and expensive piece of real estate i own is the six inches between my ears and i invest in that regularly.

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14 years ago

I agree that it doesn't take money to make money, especially online. I think people need to be grateful for websites like Fiverr and use those websites to their full advantage. I got paid for writing an email once on Fiverr, an email... So I believe people should spend a lot of time using their mental capital to make money from websites like Fiverr and then start to invest in other online ventures, like building a list and doing paid advertising.

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14 years ago

Originally Posted by uebomoyi

I agree that it doesn't take money to make money, especially online. I think people need to be grateful for websites like Fiverr and use those websites to their full advantage. I got paid for writing an email once on Fiverr, an email... So I believe people should spend a lot of time using their mental capital to make money from websites like Fiverr and then start to invest in other online ventures, like building a list and doing paid advertising.

Great point!!! There is not only Fiverr, but other websites where you can get paid for services and only pay out of the profits you make.

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14 years ago

GREAT POST. I agree that to a great extend it does not take money to make money. Sometimes it just needs your wit and knowledge and how you apply it then you wil make money.

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14 years ago

Yes it does take money to make MORE money.

If you are starting from scratch, you can sell your services to make money and then use what you gain to invest and make more money. Just be sure to keep your focus, vices off to keep the money rolling.

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14 years ago

Well those were the days when you really need money to make money. I know some people who made it and gained a lot of money using the available resources around them without spending a dime. Sometimes it only takes creativity, resourcefulness and determination to make money.

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14 years ago

That statement is one of the most illogical and absurd belief systems spreading as a negative meme virus

Think about it, if it took money to make money, no money would be made without money first creating it!

All money flows from our actions and our actions flow from our thoughts. Money is an energy, and exchange of value, and so all that is necessary to create money (energy) is thought. The greatest amounts of money have flowed I feel from the highest quality thoughts, those ideas and innovations that delivered the highest value to others, ESPECIALLY when systematized

The strange thing is McDonald's food is unhealthy, full of preservatives and additives, but they take control of huge amounts of real estate by creating a system of delivering tasty addictive junk food to the masses

The e myth helped to hone my thinking on this and it dawned on me, the client doesnt care a bit whether i slaved away non stop for years or whether it took me a snap of the fingers to deliver the exact same value. Kiyosaki nails it when he says 'money is an idea' and watching doco's like "the money masters" proves this to me

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14 years ago

Originally Posted by AsbestosRemovalsPerthWA

That statement is one of the most illogical and absurd belief systems spreading as a negative meme virus

Think about it, if it took money to make money, no money would be made without money first creating it!

All money flows from our actions and our actions flow from our thoughts. Money is an energy, and exchange of value, and so all that is necessary to create money (energy) is thought. The greatest amounts of money have flowed I feel from the highest quality thoughts, those ideas and innovations that delivered the highest value to others, ESPECIALLY when systematized

The strange thing is McDonald's food is unhealthy, full of preservatives and additives, but they take control of huge amounts of real estate by creating a system of delivering tasty addictive junk food to the masses

The e myth helped to hone my thinking on this and it dawned on me, the client doesnt care a bit whether i slaved away non stop for years or whether it took me a snap of the fingers to deliver the exact same value. Kiyosaki nails it when he says 'money is an idea' and watching doco's like "the money masters" proves this to me

If you read my first post you would see that I do NOT believe it takes money to make money. The title is the hook to attract attention and to promote participation.

Plus I really wanted to know what people think; their beliefs and experiences

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14 years ago

I believe it takes money to make money since the initial time it takes to create a business/make a sale etc should be priced into the equation.

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14 years ago

Money facilitate the process for sure
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14 years ago

I think it takes money to make money, especially if you are newbie - you will spend on some unnecessary stuff. you just don't know the tools and shortcuts... on another hand, if you are pro, you know how to make good money by investing small amouns here and there...

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14 years ago

I don't agree. I think it takes brain to make money, above all.

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14 years ago

Originally Posted by Tedel

I don't agree. I think it takes brain to make money, above all.

Every day people have million dollar ideas. The trick is recognizing them and acting on them.
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14 years ago

Although having money to invest upfront can definitely help out some, I truly don't believe that you need money to make money.

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14 years ago

It does not take money. It does take energy in some form. It also takes belief in yourself and the value of your product or service.

And of course a little persistance never hurts.
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LLRhodes

14 years ago

Thanks everyone! This is a great topic.

It's interesting, when reading through, to note the extremely valuable comments about money. I'm not sure if everyone posting is taking the time to read what they wrote but IF a person did they would see some of their money beliefs in black and white staring right back.

Then a person might look at those beliefs and question whether they were useful beliefs to have or whether developing some new ones around money might be more useful. A person's Unconscious Mind is always communicating clues for self improvement. Are we listening :-)

I'm grateful to be a member of this powerful forum!

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14 years ago

Yes. Small yes but build up to big yes later on.
Initially small investment (money), once there is sufficient foundation, then invest more (money). Everything starts from an idea, till the end, still the idea.

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14 years ago

I have to agree with you on this, when I first started out I was some what naive and thought money would grow for me, however, now after some mentoring I have learned that you do need to invest a little to make money.

The good news is that with the likes of Fiverr.com at our door steps the tasks can be outsourced for minimum costs, heck, just yesterday I spent roughly $40 and purchased what would normally cost me $100 worth of fantastic services, which in the long run Il'll be making my living from so it's a steal to invest a little.

Lee

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Alex Hanson

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14 years ago

Great post scortillion, thank you.

As you pointed out many people have made stacks of cash from virtually nothing, with just a good idea and a will to succeed. Others have inherited it or won it and lost it all.

I know I have been guilty of uttering those very same words when I see wealthy individuals kicking back and living off their investments.

However, surely all it takes is desire and focus.

I would say that every member of the WF has the desire to make money but what about focus?

I've only recently started looking into the whole IM business and all the ideas to make money are here in this forum but I can see how newbies can be overwhelmed and chase down one idea after another without mastering any of them.

Time to focus!
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14 years ago

If you want to build a successful business legally, you will need money to fund your business.
You may be able to start a business without upfront investment, but to grow your business into a large business, it is almost unavoidable to spend money to make money.

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14 years ago

I personally don't think money has anything to do with making money if you know what you are doing.

People say that "time is money" but I disagree. I believe "time is time". I enjoy my time, I don't think of it as "money".

I tested out something last year and made $10,000+ from setting up a website and generating traffic to it on a daily basis.

I didn't spend any money whatsoever to generate the money either as it was by using methods like craigslist and articles. And I directed them to a simple blog that was free. The project took me less than 5 minutes of work per day and generated an average $1,000 - $1,500 a month.

So if you consider "time" as "money" then sure, it took me a little over 2 hours a month to make $1,000+. But I don't consider "time" as "money" so to me, I made money without spending any

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My name is Justin Lewis. My digital marketing company has been in business for over 10 years with multiple six-figure years. We do provide a premium web design service.

14 years ago

@Jajo, I disagree.

There are many different situations everyone is put into.

I know this is a different scenario and probably not common but.

I could get a free laptop (free) that someone doesn't care about (there are tons out there these days on Craigslist), I could then go to Starbucks or Barnes N Noble or even an Airport to access the internet (free).

Then I could learn how to build a blog on a website like Blogger or anything that is free (hubpages) and signup to a CPA Lead, Affiliate, or PPC network (free).

Then let's say I focus 4-5 hours nonstop at the Starbucks and really learn (which is allowed and free) and then I start implementing my learnings by creating a blog or hubpage or whatever.

And for the fact of the matter, I live in a car that I got for free (it happens quite often if someone just wants to junk it, I bought mine for only $200 when I was broke, but could have gotten it for free).

So anyhow, I have the devotion, motivation, and mindset to make money online. If I kept doing it even in those conditions it's actually probably more likely that I would succeed versus someone whom already has a house or anything else.

The reason I feel this is true is because if I was living on the streets, I would probably put more effort into it (I used to live on the streets) and ultimately would probably make those 4-5 hours much more useful.

That's just my opinion but I felt like I should share it

I don't think much has changed in the world, if anything it's actually gotten a lot easier. You just have to put your mind to it.

P.S. I do not live in a car or on the streets anymore. I actually live in a very nice apartment (or at least nice for this general area) and plan on getting a house in the next few months.

P.S.S. This was an example of IM, however it doesn't take money to make money if you really think about it. I used to work for a large trucking company that was about a mile away. I could have gotten a bike for free off of something like Craigslist and rode it to work, where I would then work for 12 hours straight.

Just my life experience of not having money to make money.

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14 years ago

Justin,

Good for you!!
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14 years ago

Originally Posted by Justin Lewis

@Jajo, I disagree.

There are many different situations everyone is put into.

I know this is a different scenario and probably not common but.

I could get a free laptop (free) that someone doesn't care about (there are tons out there these days on Craigslist), I could then go to Starbucks or Barnes N Noble or even an Airport to access the internet (free).

Then I could learn how to build a blog on a website like Blogger or anything that is free (hubpages) and signup to a CPA Lead, Affiliate, or PPC network (free).

Then let's say I focus 4-5 hours nonstop at the Starbucks and really learn (which is allowed and free) and then I start implementing my learnings by creating a blog or hubpage or whatever.

And for the fact of the matter, I live in a car that I got for free (it happens quite often if someone just wants to junk it, I bought mine for only $200 when I was broke, but could have gotten it for free).

So anyhow, I have the devotion, motivation, and mindset to make money online. If I kept doing it even in those conditions it's actually probably more likely that I would succeed versus someone whom already has a house or anything else.

The reason I feel this is true is because if I was living on the streets, I would probably put more effort into it (I used to live on the streets) and ultimately would probably make those 4-5 hours much more useful.

That's just my opinion but I felt like I should share it

I don't think much has changed in the world, if anything it's actually gotten a lot easier. You just have to put your mind to it.

P.S. I do not live in a car or on the streets anymore. I actually live in a very nice apartment (or at least nice for this general area) and plan on getting a house in the next few months.

P.S.S. This was an example of IM, however it doesn't take money to make money if you really think about it. I used to work for a large trucking company that was about a mile away. I could have gotten a bike for free off of something like Craigslist and rode it to work, where I would then work for 12 hours straight.

Just my life experience of not having money to make money.

Hey Justin,

Thanks for the great post. I think you've got the right attitude, where there is a will, there is a way!

You know, my confidence has been rock bottom of late but coming on to the forum and reading posts like yours is a huge boost for me.

Thanks again,

Alex.

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14 years ago

Originally Posted by Alex Hanson

Hey Justin,

Thanks for the great post. I think you've got the right attitude, where there is a will, there is a way!

You know, my confidence has been rock bottom of late but coming on to the forum and reading posts like yours is a huge boost for me.

Thanks again,

Alex.

Hey Alex,

I'm glad I could help in some way

I'm going to shoot you a PM dude.

Justin Lewis

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14 years ago

@Jajo, thanks a lot

I just wanted to give my own insight on this as I feel people think you have to spend money to make money and I've seen so many cases in my life where that is incorrect.

I used to believe the same thing a few years ago

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14 years ago

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

these are amazing stories, i totaly agree with you james

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14 years ago

You can earn money without using money, but if you want to have much larger earnings of money, you have to invest money to make money. If you are short of funds yet, you may want to provide your services first to receive some money. And use that money to invest to make more money, but you have to make sure that you already learned and familiarize the basics on what to do with your chosen task.

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14 years ago

of course it takes money to make money. But, that doesn't mean you personally have to have money to make money.

You get higher returns when you use borrowed money to make you money. any investor will tell you that.

it is hard to do anything without money. you have to eat everyday and even if your getting free meals someone is paying for those meals.

If you want to make money you are going to need some money. Do you need hundreds of thousands of dollars in your bank account? No, you personally do not need a penny. Use other people's money.

There are plenty of wealthy people out there who do not know what to do with their money. Have you ever heard of a stock broker? What does a stock broker do? He uses rich peoples money to invest in stocks and makes a return with their money.

Everyone should learn a lesson from a stockbroker. Use other peoples money to make you money. Keep your money (if you have any) invested in safer, long term investments.

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14 years ago

Pouring money into a project can speed up the results; time is money. However, a strong desire to succeed brings out the creativity in us. "Where there's a will, there's a way".

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14 years ago

So many people says this 'need money to get money', and that is making me broke of buying junk ebook out there, but by reading the post I've got the idea as well as the questions to move on. I will post another thread for this.
Thanks for the inspiring thread.
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14 years ago

Again, people don't seem to realize that it doesn't take money to make extremely large amounts of income.

I see so many people wasting away their cash on paid advertising, when they could use their time to build passive traffic.

I totally disagree with anyone that says that it's a requirement to have money to make money. And especially those whom believe they need thousands in order to make thousands.

I built a business without any initial investment. In January I made $16,000 in roughly a little over a week, with no real investment. In my case yes, I did pay for hosting for my website and I did spend $1 for the domain (godaddy special) but I don't count that as spending money.

I feel the internet is bombarded with people saying you need to spend so much to make so much. It's absolutely false and I think people should focus on traditional methods instead of spending everything they own.

Take Jason Fried as an example. He's got an amazing amount of knowledge.

At one point his company posted a single blog post that was shared across the internet thousands of times, that same blog posts still brings him in countless amounts of traffic. And guess what, it took him only 15 minutes to write up he didn't spend any cash to write it.

The internets a hit and miss, but you have to keep trying. If you invest all of your earnings in spending to get more, you might be going down the wrong path. One day the buyers might not come or the ad agency might drop you.

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14 years ago

Originally Posted by Justin Lewis

Again, people don't seem to realize that it doesn't take money to make extremely large amounts of income.

I see so many people wasting away their cash on paid advertising, when they could use their time to build passive traffic.

I totally disagree with anyone that says that it's a requirement to have money to make money. And especially those whom believe they need thousands in order to make thousands.

I built a business without any initial investment. In January I made $16,000 in roughly a little over a week, with no real investment. In my case yes, I did pay for hosting for my website and I did spend $1 for the domain (godaddy special) but I don't count that as spending money.

I feel the internet is bombarded with people saying you need to spend so much to make so much. It's absolutely false and I think people should focus on traditional methods instead of spending everything they own.

Take Jason Fried as an example. He's got an amazing amount of knowledge.

At one point his company posted a single blog post that was shared across the internet thousands of times, that same blog posts still brings him in countless amounts of traffic. And guess what, it took him only 15 minutes to write up he didn't spend any cash to write it.

The internets a hit and miss, but you have to keep trying. If you invest all of your earnings in spending to get more, you might be going down the wrong path. One day the buyers might not come or the ad agency might drop you.

Fantastic points!!! I agree you don't need money to make it, just something that someone else wants; that being a product or a service...

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14 years ago

It doesn't take money to make money. But it can definitely make it much easier the more you have to invest.

It's always best to start out with no money so you learn the ropes of whatever you are doing. Then once you see results, it's time to invest money to make it larger and scale up.

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14 years ago

No, I do not agree that you need money to make money. I believe all you need is a dream and the will to put time in. But the thing is, there are not many people willing to put a consistent amount of time into building a building their business .. Let alone sacrifice a few things (television, eating out, buying stuff) to save money to invest back into their business and/or themselves. It's the sad truth

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14 years ago

You can make good money without borrowing money too. There are ways

, you don't even need a domain.

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14 years ago

It takes resources, money is one of them. But without the ability to make sound plans based on wealth attraction principles, the ability to connect with people willing to pay you money for the value you're creating and the ability to get **** done, money isn't much good.

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14 years ago

Awesome post! I must say that it is possible to earn money from scratch, however it would take a lot of time or even possible to earn 6 digits. Business is like dreaming of having a huge tree in your backyard. But before this happens, you must plant a seed. Little investment won't hurt when you'll earn 10x in the future.

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14 years ago

very inspiring post.
had a lot of ideas to be successful
thanks

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14 years ago

Its true, having something to start with may be an advantage or a bonus but ITS NEVER a pre-requisite to become successful and make money.

Its hard work, commitment and perseverance that will make you one, and also,
BE RESOURCEFUL!!!

We are always presented with options at hand. Make use of the available free resources everywhere. Its just a matter of determining which one work and not work.

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14 years ago

Need money to make money? I don't think so and I'll tell you why...

I have been thinking about three big ideas in my life recently:

- Appreciation
- Motivation
- Justification

If I'm doing a project and these 3 concepts are pushing me forward I can work for 24 hours in the day.

Personally I take 15 minutes every morning to appreciate the world - meditation if you like but I actually go on a walk to get my thoughts in order.

During the day I commit myself to my future goal(s) without questioning appreciation, motivation or justification -- that's my motivation because I know that only hard work brings consistent results.

And of a late afternoon or evening a take a littel time to reassert and plan my future. - this is my justification because I know that hard work onlybrings results if you are going in the right direction.

Crazy ideas I know but it works for me.

I don't think you need money to make money, you just need a sense of clear appreciation, motivation and justification.

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14 years ago

Not always. Ewhoring for example is very profitable and you don't have to spend a dime to get started .

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14 years ago

The only great big asset that you need in your life its you, you and only you can determine how successful you could be, no matter looks, age, career, money, etc. I always have tought this and motivate myself to be successful with this quote.

"Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude."
Thomas Jefferson

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14 years ago

This question really depends on what field you enter and the situations you find yourself in throughout life. Some people don't need money to make money others do.

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14 years ago

An advantage to starting with no money is that you do what you can to learn for free and plan more efficient use of scarce resources. Fewer distractions with the shiny object of the day purchases.
Looking back at my learning curve, I'd have ignored a lot of distractions and been more focused on a particular strategy and only move on to additional methods based on a strategic move rather than an impulse purchase decision.

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14 years ago

Thanks James ...This is awesome

Money is not the only way to succeed.

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14 years ago

Sure having money is a way to speed up the process, but by no means do you have to have it to make it.

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14 years ago

Great post. I so agree with most of the articles. Keep up a job well done.

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14 years ago

I think yes and no.

yes you can - there are loads of free tools and websites you can create.
pro - everything is free
con - will take heck of a longer time

no you can't - if you want to live your dream life and make living on the internet, you need to invest.

my opinion.

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14 years ago

The real answer is no, you don't need money to make money. You can trade your knowledge and time to make a lot of money, but will you succed with this way? I mean, will you become in a free person doin this?

The best way to make a lot of money and be free its by exchanging it with money.

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14 years ago

i agree to these article,,.....

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14 years ago

To me, I agree. It takes money to make money! Even those poor people that became rich later, did not just got the money in their dreams, they may have trade, work or invest the little they have to grow.
Nothing you can do in this life to succeed that don't require money to achieve your dreams, however, you may start with little, but you started with money.
So i am on the opinion that it takes money to make money!

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14 years ago

But to succeed in life, first of all, you must have the believe you can achieve anything, even if you have no money with you, all you need is to use you brain, think what you can do to make you outstanding among your pairs.

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14 years ago

I like your post

And I also don't agree with it because we can render services to make money and then it is up to us how to make it grow.

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14 years ago

Thanks for the compliment!, i agree people also make money through rendering of services, but they don't always make it big, those who make it big by rendering of services must have built something or invested in something to provide services.
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14 years ago

If you have a lot of money then buy money making websites, improve on them and flip 'em again.

If you money then buy new websites, make them make money and then flip 'em to make a lot of money.

If you have some money then built new websites, grow them to make money and then flip 'em to make money.

If you have no money, sell your service (whatever) on Fiverr and make some money.

If you have no money and no talent, learn something to provide as a service (whatever) so that you can sell your service.

If all else fails, just beg for money and skip the last 2 steps above.

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14 years ago

@Gohtohlee,
That is really interesting, i love it, and very funny too.
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14 years ago

If you have a lot of money then buy money making websites, improve on them and flip 'em again.

If you money then buy new websites, make them make money and then flip 'em to make a lot of money.

If you have some money then built new websites, grow them to make money and then flip 'em to make money.

If you have no money, sell your service (whatever) on Fiverr and make some money.

If you have no money and no talent, learn something to provide as a service (whatever) so that you can sell your service.

If all else fails, just beg for money and skip the last 2 steps above.

I love your ideas...

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14 years ago

Great encouraging words for those short on cash these days! I agree... there are definately ways to make it work without money. It just takes a bit longer doing the leg work yourself.

The same can be said about getting work. People say you can't get a job without experience. So many never try to lift themselves up... they feel trapped. Even here, there are ways to get around it. Many people actually work for free to prove themselves.... No it doesn't pay the bills... but its a step in the right direction. If you cast out you line enough... you will catch a fish....

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14 years ago

Great post.. I started a few years back without any money and I was able to build my business to the point of quitting my job and doing this full time. I think you need to have a game plan which you're willing to execute, a certain amount of drive, and a willingness to go slowly and not risk what you don't have.

Once you have some money doors certain doors can open and it's easier to make more but if you're not on top of your business then it's also easier to lose it all!

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13 years ago

Originally Posted by krtinberg

Great post.. I started a few years back without any money and I was able to build my business to the point of quitting my job and doing this full time. I think you need to have a game plan which you're willing to execute, a certain amount of drive, and a willingness to go slowly and not risk what you don't have.

Once you have some money doors certain doors can open and it's easier to make more but if you're not on top of your business then it's also easier to lose it all!

It's great to hear you became successful! I also agree once you have money things do go faster...

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13 years ago

What I have noticed about people in this day and age is that far too many people want something for nothing. They want things to be given to them and not have to work for anything.

To be successful, it takes work, effort, and a dream... not taking what isn't yours, or something you don't work for.
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13 years ago

I would say it's much easier to get into the business with initial budget but it's possible to do it without money.

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13 years ago

If you can't write articles, you still need to spend money.
Did anyone of you wants to read my articles and click buy button if you see gramatical error?

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13 years ago

Awesome Post

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13 years ago

I've built a self-sustaining online business with 1000's of affiliates promoting my products and built a in-house list of about 30K using nothing but free methods of advertising.

Money can't buy you common sense and the ability to be a true entrepreneur. If you've got what it takes, it can be done without money.

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13 years ago

Great Post!

Yes I agree that it does take money to make money. In some cases not that much money if you set out for the right goals and set up a good budget plan.

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13 years ago

in my experience and others around me,.its just not possible to make money before spending that $$$,..just my 2 cents

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13 years ago

Personally I think you don't need money in order to be making money. For the beginning, you have to have something little in your head..

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13 years ago

Originally Posted by w@rrior

Personally I think you don't need money in order to be making money. For the beginning, you have to have something little in your head..

All the money in the world won't help you make more money if there isn't something in your head, some intelligence or idea, or plan. I believe the path to true success is from within, within your ideas and beliefs.
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13 years ago

100% CORRECT! Agree with the article!

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13 years ago

Very nice post! I agree! It really takes money to make money. These days, even if you work hard just to get a job or whatever. You have to spend a cost just to have what you want.

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13 years ago

Very true!

Like you said, I don't think money is required to make money.

Creativity, and the guts to carry out your ideas, is priceless!

Besides- lots of other people have money to help you multiply yours if you do a JV the right way

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13 years ago

I agree. without money you cannot make money. good ideas can give you more money

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13 years ago

I total agree that it don't take money to make money, but what it takes is to have that idea and vision, than to find people who will invest into that project.

When you are really true to yourself, what ever you do, you need people to get up there and become successful. It's that you reap what you sow, and so more powerful your team is so more money you will make. There are always people who want to invest into a business, and some ideas are worst million or even billion.

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13 years ago

Originally Posted by gudrunsmith

I total agree that it don't take money to make money, but what it takes is to have that idea and vision, than to find people who will invest into that project.

When you are really true to yourself, what ever you do, you need people to get up there and become successful. It's that you reap what you sow, and so more powerful your team is so more money you will make. There are always people who want to invest into a business, and some ideas are worst million or even billion.

Just look at some of online businesses that started small and went huge: ebay, amazon, facebook, and others....

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13 years ago

A little money and a great deal of belief will bring success

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13 years ago

Really a nice post man!!
One thing I would like to add from my experience is..I personally think that "ITS TAKES IDEA TO MAKE MONEY" its only an idea which makes you different from the whole world..
But than too you were really inspiring for newbies like me..thanks again..

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13 years ago

Money is not the sole factor that's going to determine whether or not you are successful in a business.

Being successful requires a lot more things than just money. You have to do your homework and research in preparation to what you want to do. It requires you to be commited and persistent in what you're going to do. And like a lot of other things in life, it takes time, patience and a strong work ethic. If you have those things in you, you will succeed in business and in life.

A little money wouldn't hurt either.

That's a great post.

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13 years ago

Having money to start a business is an advantage, however - is not required. Depends on the business you are in actually. For example, web design startup is little to nothing when it comes to costs. Building your own hotel and maintaining it means you'll have to invest a fortune.

This is just a light example here.

Anyways, you can make money with or without your own money.

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13 years ago

Hi, I'm new to IM stuff, but I believe that you don't technically need money to make money. When I think of when I was really needing money, the key to making money I would say is personality, desire to help others and your charisma. Things can be negotiated, old turned to something new, bartered and traded. Often someone has money, but no time and you have time... there are so many opportunities and it just takes a little creative thinking and making win-win situations. When you help others, you always unknowingly help yourself and more than you possibly dreamed. One time I was really in need of money, so being typical girl and feeling sad I went to the mall to browse and have a coffee. I met this person in the mall who had been in business for maybe a year, but the store was new to me. I like boots and leathers, and it was excitment of his antique distressed leather jackets, in the old biker rebel styling with Indian heads embossed on the back, that caught my eye. I expressed how cool, worn in and nostalgic looking they were. I asked if I could take a picture and see if I could create an interest, as he said they haven't moved since he opened. He was more than happy to get a little help, these leathers were sitting in his shop for quite some time. He said take all the pictures you want. I had him pose for me, so they could be seen on a real person, it was fun. Worse case I cheered him up ... so I came home and thought what the heck, I'll put them up on ebay... I wrote down all the sizes he had in stock, and nothing happened for a few days... I thought oh well, and then wow, was response incredible... I think I sold all those 20 or so odd leathers in couple of weeks, with the magic of ebay and a little preplanning... I didn't have a dime or a leather in my possession. Before I left with the pics that day, his shop right by the post office outlet and he let me take the biggest size to the weigh scale and price out a couple european, us and canadian locations for rates... I was positive and excited, plus I like to be prepared if someone asked about shipping. So I made a few sales, took the bus to his shop, bought a few coats with the customers money, and tossed them in the post. He giggled everytime and those jackets I sold for $300 and bought them for $90 and I could have sold for $500. That was so cool, I wish he would have had more jackets. It was such a fun learning experience and opportunity and it got me started on custom designing my own leathers and having them made in Pakistan which went over really well. I lucked out because the bikers that bought the majority of them were in a club that rode Ducatti's and their logo was an Indian Head... they were so bummed when I said I had no more. That was a beautiful embossing image. Never seen jackets like that again. My new business friend was so pleased and he never forgot me... it was totally win-win and so exciting. Just talking about it, makes me remember what a thrill that was.

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scortillion

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13 years ago

Originally Posted by butterfliesandsunshine

Hi, I'm new to IM stuff, but I believe that you don't technically need money to make money. When I think of when...

Love these great stories! Just shows you how using your mind, and imagination can overcome the lack of money when starting out!
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13 years ago

This a great post. I agree with the thought that money will definitely help one earn more money, however, hard work and consistency will go a long way more that the money spent.

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13 years ago

If you have money to invest and you also have experience/knowledge
than it's easy to make money.

You can also make money when you don't have it to start your business,
but it will take longer.
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13 years ago

Yes I absolutely believe it takes money to make money. Why do you think the rich get richer?

I learned that it takes money to make money when I was doing all the the work myself and getting no results.

So one day I decided to do a mini experiment with a website. Instead of doing everything on my own I outsourced everything from the keyword research, to the article writing, to even the SEO process.

Before you know it the site was ranking and bringing Adsense income. So today I just use that money and reinvest it into making more sites and maintaining my old ones.

So again yes I'm a firm believer that money makes money.

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13 years ago

It takes time, money, sweat and tears...but it's worth it

Everyone just needs to hang in there. You never fail, you just find ways that don't work.

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13 years ago

Great question. i think it does require to believe in yourself or maybe believe that regardless, no matter what it takes you will make it happen. So you are forced to be creative and ingenious when you haven't got any money. As Les Brown would say, you have to be "hungry" for success.

Then if you have a bit of money you might achieve your goals faster if you know what you are doing.

I still believe that it takes a bit of money to make money.

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13 years ago

Simple. Everything in life is free. You start with nothing, and you die a rich.

Think about it

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13 years ago

It's funny.

There are still so many people that agree with the fact that it takes money to make money. Ouch. I'm not going to flatout flame anyone, but to put something like that into factual terms (btw I've already commented on this about my thoughts

) is moreso an opinion haha.

I love how this thread is going and I hope it keeps growing.

There's a lot of great information already in here to give you an idea of how to look at things, but when people say it "takes money to make money", ignore them.

It's very possible to get into this industry without spending money.

And when I say that, I'm not talking about the internet connection, and tidbits of money here and there. I'm talking about $100's and $1,000's, it's definitely not required. And for those that think it's easier to spend money to make money, that's an opinion as well. It's very possible to make WAYY more money without spending almost anything at all

Think of things that go viral.

Anyways, just tossing in my 2 cents again.

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13 years ago

Originally Posted by Justin Lewis

It's funny.

There are still so many people that agree with the fact that it takes money to make money. Ouch. I'm not going to flatout flame anyone, but to put something like that into factual terms (btw I've already commented on this about my thoughts

) is moreso an opinion haha.

I love how this thread is going and I hope it keeps growing.

There's a lot of great information already in here to give you an idea of how to look at things, but when people say it "takes money to make money", ignore them.

It's very possible to get into this industry without spending money.

And when I say that, I'm not talking about the internet connection, and tidbits of money here and there. I'm talking about $100's and $1,000's, it's definitely not required. And for those that think it's easier to spend money to make money, that's an opinion as well. It's very possible to make WAYY more money without spending almost anything at all

Think of things that go viral.

Anyways, just tossing in my 2 cents again.

I agree, I like the fact that this thread has kept going. I find it very interesting how people have different views on this subject. Some people are more passionate about their view too...

But for anyone interested in making money without money there are some great ideas in this thread alone.

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13 years ago

I completely agree that the whole it takes money to make money thing is a myth. Nice post OP.

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13 years ago

If you don't want to invest anythig to make money, then you don't deserve to make money.

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13 years ago

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

It definitely doesn't take money to make money. Some people find money in the street! I've seen it happen. There are lots of free sources of traffic.

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13 years ago

You don't need any money to start with anything - there are always ways to earn the money you might need for basic investments.

However, having a lot of many can help leverage a lot of things.

On the other hand - I've seen business fail because there was TOO MUCH money involved. When you don't have to think about your spending pattern, money just gets burned.... and businesses fail.

Cheers,
Rob

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13 years ago

Originally Posted by RobKonrad

You don't need any money to start with anything - there are always ways to earn the money you might need for basic investments.

However, having a lot of many can help leverage a lot of things.

On the other hand - I've seen business fail because there was TOO MUCH money involved. When you don't have to think about your spending pattern, money just gets burned.... and businesses fail.

Cheers,
Rob

I agree; I've seen people start businesses with lots of money and just threw it around thinking the more they spent the more they would make. I've also seen people start businesses with little or no money and make it a big success.

It all comes down to how you handle your money and time and reinvest it wisely to maximize your investment.

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13 years ago

Yes of course we need money to earn money along with Hard Work.

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13 years ago

Well people can start making money by just using their time... But from that old saying, "Time is money" I guess in that respect it does 'take money to make money'.

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13 years ago

Of course I agree...everyone needs to have some money to make more money!

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13 years ago

great shares

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13 years ago

"Character is Destiny"
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13 years ago

Surely it will takes money even only a little :-)

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13 years ago

I agree. No matter what you do, what profession or industry. You have to spend money to make money. The key is not to spend it all and not in one place. I also believe in getting a bang for my buck.

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13 years ago

There are tons of examples that refute the idea that you need money to make money. You only need enthusiasm and "do whatever it takes" attitude. That will get you part of the way there.

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13 years ago

Here is an important point: It takes money to scale a successful business model. So while you can start some businesses without money, to scale them once you've found a successful business model usually requires money (either bootstrapping, investors, or as you suggest to reinvest your own earnings).

So that is more where the saying comes in "takes money to make money". Because the internet marketing business models can be started with very little capital (no inventory, no store front, no staff LOL), it is easy for IMers to get the impression that scaling a business can also be done with no capital. But in my opinion scaling it almost always requires capital.

For that reason, if your primary method as an entrepreneur of funding your ventures is bootstrapping or reinvesting, then you have to have massive profit margins and that puts an unfair burden on a fledgling business that could have otherwise succeeded but cannot make the profit margins needed for self-funding.

Thus, it is still awesome to have a real investor, but you have to make sure your business model is proven in a small-scale (low money) environment before you pour a bunch of money into it.

Words of a naive entrepreneur prior to imploding: "if I have $100,000 then I can do it." Other person asks "do you have a business plan or any experience", reply "the plan is in my head, I haven't tried it but I'm sure it will work."

The more important thing to remember is that even with massive amounts of money, if you have no business plan and your business model is not proven, then it is easy to lose it all.

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13 years ago

Originally Posted by davidlieder

Here is an important point: It takes money to scale a successful business model. So while you can start some businesses without money, to scale them once you've found a successful business model usually requires money (either bootstrapping, investors, or as you suggest to reinvest your own earnings).

So that is more where the saying comes in "takes money to make money". Because the internet marketing business models can be started with very little capital (no inventory, no store front, no staff LOL), it is easy for IMers to get the impression that scaling a business can also be done with no capital. But in my opinion scaling it almost always requires capital.

For that reason, if your primary method as an entrepreneur of funding your ventures is bootstrapping or reinvesting, then you have to have massive profit margins and that puts an unfair burden on a fledgling business that could have otherwise succeeded but cannot make the profit margins needed for self-funding.

Thus, it is still awesome to have a real investor, but you have to make sure your business model is proven in a small-scale (low money) environment before you pour a bunch of money into it.

Words of a naive entrepreneur prior to imploding: "if I have $100,000 then I can do it." Other person asks "do you have a business plan or any experience", reply "the plan is in my head, I haven't tried it but I'm sure it will work."

The more important thing to remember is that even with massive amounts of money, if you have no business plan and your business model is not proven, then it is easy to lose it all.

Excellent point! Well said!

You can start with no money and earn money, but if you don't reinvest that money, or get financing to grow that business then it will take much longer than it should.

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13 years ago

in a way lack of money is what propels most of us to make good money from the start -

however money can beget money - and make the process easier

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13 years ago

I think this is a great topic. I believe that where it is obvious that having money to start a business to help it grow, money will be more than beneficiary. However, I also believe that through hard work and sacrifice you can do anything. But I'd still use the money.

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13 years ago

It depends.
1. if you want to make money from working. Don't need money
2. Want to start service business. Need less money
3. Want to start non service business. Need a lot of money
4. Investing. Needs a lottttt of money

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13 years ago

Originally Posted by goodmast3r

It depends.
1. if you want to make money from working. Don't need money
2. Want to start service business. Need less money
3. Want to start non service business. Need a lot of money
4. Investing. Needs a lottttt of money

All good points, but for investing I started with only $2000 and pooled it into a large investment. But you do need money for that and to some $2000 is a lot of money, depending on where you are in life.

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13 years ago

I enjoyed the post left by Rodney very much. Great post.

I am busy reading a book "Think and Grow Rich" currently. Does it take money to make money. No, not really in my opinion. The world are full of examples of great men who started with nothing and build empires.

In my opinion having the desire to achieve something and then perseverance to make them a reality is the only requirement. I agree that if you do have money the journey might be easier but without it, it is still possible.

If we as human beings can really fully understand and unlock the power of our minds we will be astounded what we can achieve. The average human being only uses about something like 20% of their brain power. Using our brains is the only thing we need to be successful.

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13 years ago

I think warrior forum is a perfect example that the "takes money to make money" is a myth. People can start in offline CPA - work hard - branch out - start a list, create products etc...
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13 years ago

It seems like every cliche has a number of counter-examples or counter-cliches to blow any value they have completely out of the water.

In some cases, yes, people have risked money and then made a ton of money as a result. In other cases, people have started out with nothing but an idea (Facebook comes to mind), and gone on to make billions.

For me, I come from a long line of people who don't have that much money, so I'm going to have to make money without having any money to begin with. It's a challenge for sure, but one that's entirely possible.

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13 years ago

Originally Posted by danstelter

It seems like every cliche has a number of counter-examples or counter-cliches to blow any value they have completely out of the water.

In some cases, yes, people have risked money and then made a ton of money as a result. In other cases, people have started out with nothing but an idea (Facebook comes to mind), and gone on to make billions.

For me, I come from a long line of people who don't have that much money, so I'm going to have to make money without having any money to begin with. It's a challenge for sure, but one that's entirely possible.

Personally I believe it all comes down to what you believe and that will fuel your drive and your success.

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13 years ago

It takes a money mindset to make money. And all the principles from Think and Grow Rich. I'm currently re-reading and also listening to an audio version of that classic book.

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13 years ago

it depends on the scenario, sometime depending on the scenario you can almost make money out of thin air, but sometimes you have to plan and invest, their is no true answer to that ?

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13 years ago

Great thread!

It's my belief that you can make money with or without money esp. with the "free resources" or service business like article/ghost writing, setting up wp blogs etc. on the internet. Where traditionally thinking is to "buy and sell" where you need money, and the more inclined (poorer counter parts) will go the "sell and buy" route.

I started my business with a few thousands and grew that into a full-time income. Could I have done that with no money, possibly. But more importantly once you tested that it worked, you would have the courage/belief to go out and "borrow/get credits" some money to grow it faster

One thing I didn't see in the thread was any mention of "Why" to make money or succeed. That played a huge part in my success. And as Greg Davis (the $50k day guru) says "You need a Why that makes you cry!" So without money but a big why, you can make money!

With money and a big why, you make more money and faster!

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13 years ago

Here is the challenge for all those who say you don't need money to start a business.

Give me three businesses that you can start on the 1st with a zero budget and zero expenses but make $100 after 30 days.

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13 years ago

Originally Posted by abugah

Here is the challenge for all those who say you don't need money to start a business.

Give me three businesses that you can start on the 1st with a zero budget and zero expenses but make $100 after 30 days.

LOL... Kind of sounds like you want us to do all the work

Many people in this thread have already given far more then 3 ideas, you just need to read the entire thread

Seriously, they are talked about in this thread a number of times.

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13 years ago

It does not take money to make money, because when you USE money, you LOSE some of their purchasing power.

Money is NOT an asset.

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13 years ago

Those ideas you've said, I agree with it. Money is not a pre-requisite although it can be an advantage. I would say smart work and determination helps.

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13 years ago

All the great - and not so great - fortunes were started by someone with no money (but a lot of drive and ambition)!

But it is a well known axiom that most family fortunes are LOST within three generations.

That would tend to indicate that having money is detrimental!

Agreed, having money to start with will open a lot of doors and make things a bit easier, but it clearly can be done starting with nothing.

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I'm fully agree with scortillion that there isn't need money to earn. I'm of 19 and after my inter. college I spend 1 and half year on internet ( I wasn't aware before internet even) and haven't invest 0$ but earning $200 per month its not as good but I'm satisfied that my work is showing me my lead.

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13 years ago

Originally Posted by rawalbaig

I'm fully agree with scortillion that there isn't need money to earn. I'm of 19 and after my inter. college I spend 1 and half year on internet ( I wasn't aware before internet even) and haven't invest 0$ but earning $200 per month its not as good but I'm satisfied that my work is showing me my lead.

Glad to hear you're making money!

I'm 100% sure that it all comes down to if you believe it's possible or not that helps make the difference for people.

But once you begin to make money you must reinvest it back into your business so it grows at a faster rate.

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13 years ago

It dosent require money to make money. But obviously the more money you have to begin with, the easier it is to grow your empire!

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13 years ago

Yeah I think having money to make more money is much easier...but it doesn't take money to make money really. I mean my last business partner married Walt Disney's granddaughter and had access to hundreds of millions that was included in her trust fund. He used some of that money to buy commercial real estate at low prices...then flip them for more and make a huge profit. There's no way he could have done that with no money.

The marriage didn't last, but he grew his little commercial real estate selling business to $100 million....of which half went to the ex-wife of course.

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13 years ago

Totally agree!

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13 years ago

*Money makes money, but you can start with nothing, and most successfuk people do!
They know what its like to have nothing, so they know how to respect money and hang on to it!
I remember when Mark Howe the roulette computer inventor started out, he had nothing, he made a machine that could predict roulette and so could make money tax free in the UK. Her spent 2 years developing that idea and lived very frugally on very little. Hr made his first £1000 with just £20 worth of chips! He never looked back.

Obviously, when you have got money, its easier to make more!
John

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13 years ago

I dont agree with that saying and i have proved that anyone can make money staring from zero. Im a founder of ZPTsotetsi Empire, a privately held Software, Consultancy , Speaking , Investments and Information publication
company. I founded the company in 2008 as an online publication(ZPTsotetsi.COM) using free online resources like Wordpress, then Google site tools, to BlogSpot. All I did was to empower and to bring useful
information, tools to our website users and in less than 24 months the publication went from Zero capital to
generating $100 and then to more than $2,000 a month. In 2010, ZPTsotetsi.COM was moved to its unique domain
name, got a logo and website designed and then the remaining revenue generated was re-invested in starting and
building the ZPTsotetsi Empire.

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13 years ago

Originally Posted by zptsotetsi

I dont agree with that saying and i have proved that anyone can make money staring from zero. Im a founder of ZPTsotetsi Empire, a privately held Software, Consultancy , Speaking , Investments and Information publication
company. I founded the company in 2008 as an online publication(ZPTsotetsi.COM) using free online resources like Wordpress, then Google site tools, to BlogSpot. All I did was to empower and to bring useful
information, tools to our website users and in less than 24 months the publication went from Zero capital to
generating $100 and then to more than $2,000 a month. In 2010, ZPTsotetsi.COM was moved to its unique domain
name, got a logo and website designed and then the remaining revenue generated was re-invested in starting and
building the ZPTsotetsi Empire.

Great success story! Love hearing these stories it give others hope and motivation to make their own dreams come true.

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13 years ago

I believe that even though having money would be an asset for starting off a business, it does not necessarily mean that you absolutely have to invest money straight away to earn money (well, except being able to afford to buy a computer and a connection to begin IM work in the first place).

Take, for instance, doing some work through the Facebook application "CloudCrowd". You do not need to pay anything to get started, and you can easily make money back by doing different tasks. Then, you can use what little earnings you get from there to invest in other revenues, if you so desire.

Even if you have all the money in the world to invest into a project, if you do not have the right mindset for it, you may never make money from it.

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13 years ago

You have money to invest or you dnt have. but you must have talent to make money.
money without mind or without action is nothing. but mind and action with money earns great.
mind +hard work= results gud
mind +hard work+money= results great.

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13 years ago

Of course it does one way or another. Even if you don't spend cash, you spend your time and that's still an investment. Nothing comes for free and people should quit looking

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13 years ago

I agree. It takes money to make money.

I dipped into my 401K to afford mentoring that has put me in a new tax bracket.

--- Ross

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13 years ago

It doesn't necessarily takes money to make money. You can start of with basically nothing. All you need is the proper skill and financial intelligence and you will soon be making money. Rags to riches stories are true stories and they are the sweetest to read about. If you do have money to start off, that's great. But if you don't have no money at all, that doesn't mean you're at the end of the road.

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13 years ago

It will always take money to make money. Every business endeavor has costs involved that must be paid in cash. You can delay these, or minimize them, or borrow the money, or get creative, but you will always have to put up some dough and risk losing it in order to do anything substantial. But I don't believe you have to start out with a LOT of money in your personal name in order to eventually create a high-paying career or wealth.

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13 years ago

Of course you may need capital for a business but it won't take just that. In order to succeed, we better look at ourselves first. Like "How can we ever make a single penny grow into hundreds?" Bright ideas took billionaires to what they are now. All we have to do is think and utilize the gifts of knowledge that we have up here. Resources are important, but your perseverance, your knowledge and capacity matters more.

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13 years ago

Originally Posted by Magnus Koenig

Of course you may need capital for a business but it won't take just that. In order to succeed, we better look at ourselves first. Like "How can we ever make a single penny grow into hundreds?" Bright ideas took billionaires to what they are now. All we have to do is think and utilize the gifts of knowledge that we have up here. Resources are important, but your perseverance, your knowledge and capacity matters more.

I totally agree the key here is not money but Us and the way we look at things and what we believe.

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13 years ago

If you consider your time to be valuable (aka - money) - then yeah. It takes money to make money.

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13 years ago

I don't think it necessarily takes money to make money. But it definitely helps a lot.

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13 years ago

Sometimes I think having money when you start off in IM can actually be detrimental as you tend to try and spend to increase your results. Sometimes this can work well (such as buying advertising) but it can also be bad (when buying expensive information products that you don't use)

If you start out with nothing you have to learn how to do everything yourself and this gives you a much more comprehensive understanding of what is involved. Then once you build up cash flow you can outsource. But you know what needs to be done so you are much better at instructing your outsourcers.

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13 years ago

Same here .. I invest money to rank my site and it really worth because I got my money back so easily.

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13 years ago

Takes money indeed, i mean when you are earning you have to survive, and survival costs something too.

And the more you want to earn, then the more money you will need to spend, that's what i think.

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13 years ago

I'd disagree with those who said it takes money to make money. I have started with literally nothing and grew and sold several multimillion dollar businesses. Once your business kicks in, then and only then you would need money to maintain it. And once your business in running, you will be able to pay that from the money that your business is producing. It worked for me and several people I mentored and I don't see why it wouldn't work for anyone else. (OK those people paid me, but that's because they didn't know how to do it and weren't welling to invest the time to find out how on their own).

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13 years ago

I think you need RESOURCES to make money, but that doesn't have to be money. Time is a resource. Effort is a resource. Intelligence is a resource. Connections are a resource.

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13 years ago

Yes I've discovered it definitely means that if you want to build up a successful business you will have to put some blood sweat and tears into it as well as money and time!

You do need a start up budget. The more money you get the more tools you can use in order to make even more money.

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13 years ago

Just wanted to put this out there. I started with a $7 domain name. It's possible to work your way from nothing to hundreds of thousands.

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13 years ago

It's definitely possible to make it without any start-up costs, it's just easier with a domain and an autoresponder

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13 years ago

I have started bricks and mortar businesses that have cost around 100k to start, majority of which has come from bank/other lending, and online businesses that have cost a few hundred dollars to set up.

I would say it is pretty hard to set up a business with absolutely nothing, but you can do it for peanuts, like a window cleaning business you could start with $20-$40 dollars, and the same is online you can start with a domain and a free site you can put the time in to set up. You still need to put in the time, so if you take minimum wage and times that by the time it takes you to set it up and then you can see if it is worth your time or paying someone to do it.

You can start for nothing on something like facebook or twitter or something, but I would say it is worth investing even a few dollars in something, just don't spend those dollars on beer or coffee for that week if you really are on a budget.

Remember it normally costs a lot of money to set up a store or something, so a few dollars to get going on line is nothing, and if it turns into a business you can normally write those costs off against your tax so it's effectively free anyway, but you would need to get it ok'd by an accountant or something.

Online you can spend a little and it can turn into ALOT, offline you can spend ALOT and wait for a long time to see profitable returns.
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13 years ago

If you have money, can you utilize it to create even more? Yes, absolutely. Can you create money out of thin air? Yes, there are many ways. One way is to sell your time and labor to those who will pay for it. There are other ways.

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13 years ago

To me, money is time. I have used up thousands and thousands in time to learn various skills that I just discovered were very marketable. I don't know how much $time$ I spent learning, then forgetting them for about a year, and then, just this last week, suddenly rediscovering them. Going to $pend more time studying and learning more skills. Learning skills is time, as in money that could be earned, but you may not have the skills yet, so you may have to spend time (money) to study and learn what you can.

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13 years ago

The examples the first poster used had, for me, one thing in common...each person who became extremely wealthy did not have money but created value.

"Well I can create value", you may say to yourself...but here's the secret (and consider the snap lady), it doesn't need to be HUGE value but it does have to be 'transferable' to significant numbers of interested people.

So to my mind wealth is gained through 'value creation' X 'significant demand' + 'Ability to deliver to demand'.

Agree?

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13 years ago

Originally Posted by mrmarketer1

The examples the first poster used had, for me, one thing in common...each person who became extremely wealthy did not have money but created value.

"Well I can create value", you may say to yourself...but here's the secret (and consider the snap lady), it doesn't need to be HUGE value but it does have to be 'transferable' to significant numbers of interested people.

So to my mind wealth is gained through 'value creation' X 'significant demand' + 'Ability to deliver to demand'.

Agree?

Personally I believe it all comes down to wise investment of both the money you have and your time. Learning when to outsource and when to do it yourself; when to purchase ads or to write an article for posting.

It's you that makes all the difference.

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13 years ago

not always, but sometime with money we can make money more faster for example SEO vs PPC

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13 years ago

I really sacrifice so much to make money online. Yet haven't gain any thing yet but I will try and try to make a successful one.

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13 years ago

Originally Posted by honestbizpro

Sometimes it takes the pure lack of money to make more money than ever because you absolutely realize that failure is not an option.

Sometimes people with the money make the biggest mistake of all; they throw money at all their problems hoping something will stick and make they a big return on their money.

While those that don't have the money must make educated decision on what the best move will be to earn them the money they need to grow their business.

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13 years ago

It's just part of the puzzle, if you have money but don't know how to multiply it, then it doesn't matter. It takes becoming an entrepreneur through the skills of high value planning, execution and connection to make money. If you can do that, you don't really need money to get started.

But it sure does help ;-)

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13 years ago

Originally Posted by sethczerepak

It's just part of the puzzle, if you have money but don't know how to multiply it, then it doesn't matter. It takes becoming an entrepreneur through the skills of high value planning, execution and connection to make money. If you can do that, you don't really need money to get started.

But it sure does help ;-)

Great points! And it's true, if you don't know what to do it doesn't matter if you have the money or not.

Because if you don't handle it correctly you'll just waste the money you have. The first step then is learning how to start your business and grow it; and I feel the best way to begin doing that is online with very little money to start and grow your business as you learn and earn.

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13 years ago

It's a snowball effect.

So you have Zero Money!!! 'k... get on Amazon Mechanical Turk and Fiverr and freelance sites until you have enough to say, pay $20/month for Aweber. Then use the money you make from Aweber to open up avenues.

Yeah, it 'takes money to make money', but generally, that's in terms like 'do you have $5 for business cards for that meeting?' not 'thou shalt only make money if you're a millionaire!!!'
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13 years ago

wow this tread has been going on for a long time, cool to see so many different yet same opinions on the original subject & different stories that have come up....

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13 years ago

Originally Posted by abugah

Here is the challenge for all those who say you don't need money to start a business.

Give me three businesses that you can start on the 1st with a zero budget and zero expenses but make $100 after 30 days.

1) A house cleaning business. Say you will clean someones house better and for less money than anyone else and then do it.

2) Clean someones yard for a fee.

3) Haul away metal for people for free and take to recycling for cash.

4) Sign up for an affiliate program online and create a free blog on blogger or wordpress and promote your affiliate programs.

6) Wash windows for businesses in strip malls.

Those are just a few.

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13 years ago

You often hear people say that "it takes money to make money". Well, as they say in the Gershwin song, "it ain't necessarily so!"

The simple fact is that you do not need to have money to start or build a business.

You can pull in investors, joint venture, partners etc.. to start up a business with you..

Of course, if you have no money to invest then the best bet for you is to put in the additional time and effort..

My advise: just do it - regardless if you have money or not - action create result.. whether the result is what you want or not is another issue, most assuredly i say to you, you'll surely see results, it's either a GOOD result or BAD result.. It doesn't matter, most
importantly, you're making a difference! That's what life is all about, making a difference!

The definition of Insanity is doing the same thing over and over again and expecting different results.

Hope this help, and may God bless you,
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13 years ago

I do not agree,

It does not take money to make money but if you have money then you can use it to speed up the process of creating MORE money.

But even if you have nothing, you can still make money. You can repackage some kind of free product or service into a paid one *cash*!

A lot of times it is a lot harder if you start with nothing, but there are a lot of people who start with nothing and end up with everything!
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13 years ago

Without the Internet it certainly takes some capital to start a business. With the Internet it really is possible to make money as long as you can survive for a month at least and probably several months.

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thriftgirl62

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13 years ago

You NEED people because EVERYONE NEEDS HELP. The person or entity providing the help is footing the bill so in that sense, it does take some form of money to make money.

The new "FREEconomy" is where you build your business and upgrade when the business makes money, not before, no matter how long it takes. I think you might be surprised at what you find, completely FREE.

I'm not selling anything or trying to build a list to send out useless [or embarrassing] offers either. I just want to find a team so we can join that $1,500/month content curation site someday. I can dream, can't I? Ah well... FREE is good too.
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13 years ago

It's pretty logical actually but it gets lost so easily when mainstream culture focuses too much on rich guys in suits thinking that them talking of stuff like investments and pouring in this much money into that gets them more money in turn blahblahblah...

I think people need to wake up to the simple reality that what makes money is in fact simply effort. You make something or you do something and then get paid for it. That's how everyone's been earning money since, like what, ancient Greece?

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13 years ago

It does take money to make money. It doesn't necessarily mean a lot of money but it does take SOME money to get something started in my opinion.

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13 years ago

Originally Posted by Absolute Logo

It does take money to make money. It doesn't necessarily mean a lot of money but it does take SOME money to get something started in my opinion.

Not necessarily. Do you need to pay your future employer to hire you? No. That's not only illogical but downright criminal.

It may sound too ideal to many but it's definitely not impossible for a person to start as a simple laborer with not a penny to his name but slowly the pennies he earned paved a way for him to become a successful businessman.

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13 years ago

Originally Posted by danlew

Money is not a pre-requisite when it comes to make real money online. Only if you can afford to invest such tools that can boost your earnings, for sure you will get good results. But if you have nothing to invest at all, you had no other choice but to dedicate some of your time to make money in a "free" way.

You need like-minded people helping each other by pooling resources and getting things done. Call it a Tribe, company, network, family, team, club, whatever you call it, no matter who you are, you need one to make real money on or offline.

The only thing you can do alone is get a job and still, you're part of the company or team - theirs instead of yours.

Originally Posted by ERPLeadsWriter

Not necessarily. Do you need to pay your future employer to hire you? No. That's not only illogical but downright criminal.

It may sound too ideal to many but it's definitely not impossible for a person to start as a simple laborer with not a penny to his name but slowly the pennies he earned paved a way for him to become a successful businessman.

You must be referring to real world "hustlers" taught to fear nothing, won't take no for an answer and risk everything making a way if they can't find one. They all have one thing in common - they do what they want. That's it. Find people and do what you want and money will follow.

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13 years ago

Originally Posted by thriftgirl62

You need like-minded people helping each other by pooling resources and getting things done. Call it a Tribe, company, network, family, team, club, whatever you call it, no matter who you are, you need one to make real money on or offline.

The only thing you can do alone is get a job and still, you're part of the company or team - theirs instead of yours.
You must be referring to real world "hustlers" taught to fear nothing, won't take no for an answer and risk everything making a way if they can't find one. They all have one thing in common - they do what they want. That's it. Find people and do what you want and money will follow.

You don't have to be a hustler just because you work for a living and make a great deal of money. If you have a job paying a decent wage and invest that money wisely it is very possible to turn it into vast sums of money.

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13 years ago

I started building sites with no money and i had to do all the hard work but gradually it builds up. You don't need money to make money but it does take longer.
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13 years ago

Originally Posted by scortillion

You don't have to be a hustler just because you work for a living and make a great deal of money. If you have a job paying a decent wage and invest that money wisely it is very possible to turn it into vast sums of money.

Indeed, I've seen at least more than one success story that follows that plotline. Unlike fiction though, it's a very possible reality no matter how cliche its sounds. You get a job. Earn some cash. Invest that cash. If you do it right, you gain more prosperity.

Those are just the first steps but there are a lot of successful business people who tell their story that way. Do take note that it wasn't easy for them but that does not diminish the possibility of that success.

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13 years ago

Money is not a pre-requisite when it comes to make real money online. Only if you can afford to invest such tools that can boost your earnings, for sure you will get good results. But if you have nothing to invest at all, you had no other choice but to dedicate some of your time to make money in a "free" way.

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13 years ago

You see, most people won't take blame. The broke people will argue that it takes money to make money. That absolve them from responsibility and blame.

The truth is it does not take money to make money. Ask the rich and they will concur.

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13 years ago

i am glad to this thread

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13 years ago

Great responses here, I do agree that it takes money to make money but the question is how much? You can start out small with no to very little capital and grow over a period of time, and you can also start out small and hit a jackpot faster all depends on your products and services. However, I believe it does take money to make money since there is a cost to almost everything we do.

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13 years ago

It takes creative thinking and hard work in my opinion.

To make MORE money, you need to start spending MORE money and INVEST in yourself and tools you need. That's atleast what I've learned over 7 years...

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13 years ago

Originally Posted by SinSimon

It takes creative thinking and hard work in my opinion.

To make MORE money, you need to start spending MORE money and INVEST in yourself and tools you need. That's at least what I've learned over 7 years...

EXACTLY! alot of millionaires started from 0, and climbed to success, but getting some money to invest in yourself, courses, software, ventures will definitely help you.

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13 years ago

Originally Posted by SeoDemon

EXACTLY! alot of millionaires started from 0, and climbed to success, but getting some money to invest in yourself, courses, software, ventures will definitely help you.

I agree, the money you earn MUST go back into your business and in improving you.

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13 years ago

It takes creativity and energy to create money. You can't create money to make money, because money is debt.

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13 years ago

To some degree, yes, you need money. But it can also depend on what business you're in.

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13 years ago

You do have to be creative, resourceful, motivated...I could literally type all day long.

BUT, the truth is, you can MAKE great money without a big investment if not any at all. I have done this myself and invested in important things like knowledge and the necessary proceedings for starting my own company.

But, I choose services that I know have a great value for businesses and a great profit margin to be successful.

Warriors who want it badly enough and apply themselves in a smart way to make it work will succeed without spending thousands on programs, coaches, and magic bullets.

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13 years ago

Hi all, it's my first post, total brand-newbie with the cellophane wrapping still on him.

Just wanted to chime in this discussion with a quote I heard once that was very powerful in regard to this topic:

There is seldom a good solution found by simply throwing money at a problem.

I love this, because it's so easy to get caught up in thinking you have to have money to accomplish things, when in reality you have to have ingenuity and perseverence.

Thanks, I'll be feasting every single day until I get my own self totally financially free. I'm thanking every one of you warriors and teachers in advance. Look out world, MIKE is coming!

Peace,

Mike
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13 years ago

Originally Posted by SDotSpells

You do have to be creative, resourceful, motivated...I could literally type all day long.

BUT, the truth is, you can MAKE great money without a big investment if not any at all. I have done this myself and invested in important things like knowledge and the necessary proceedings for starting my own company.

But, I choose services that I know have a great value for businesses and a great profit margin to be successful.

Warriors who want it badly enough and apply themselves in a smart way to make it work will succeed without spending thousands on programs, coaches, and magic bullets.

I agree with you completely. You don't need money to make money, but you do neec to invest wisely, like you say, to make the money you earn grow fast.

The key is you can get started and make money with no money, but if you want a lot of money you need to reinvest the money you earn as soon as you get it.

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13 years ago

I don't think "it takes money to make money" but I do believe that when done properly "some money breeds more money"

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13 years ago

I don't believe it takes money - at least not much of it - to become successful.
I started with a contact I knew in the IM business and bartered my services. I am
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13 years ago

Originally Posted by Chloe Emerson

I don't believe it takes money - at least not much of it - to become successful.
I started with a contact I knew in the IM business and bartered my services. I am
still a very tiny fish in an ocean size pool, but I am determined to make this work. Hard work pays off!

Determination + Elbow Grease = Success!

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13 years ago

Money might be required sometimes for you to achieve their goals if they are financial goals but not always. Sometimes it calls for more than just having the money, you need the brains to achieve the goals without spending much if any

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13 years ago

It takes creative "niche ideas" to make money. But then again I may be a little bias.

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13 years ago

Originally Posted by The Niche Man

It takes creative "niche ideas" to make money. But then again I may be a little bias.

Not if it's working for you!!! There's nothing like a great Niche!
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13 years ago

I don't agree fully that it takes money to make money. It is just an advantage to help you move forward but still you need skill and prudent financial management to be successful.

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13 years ago

I often hear that quote and have not always agreed with it as it is possible to start a business with no money at all. There are many examples of people in the third world making something out of nothing which provides their livelihood.

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13 years ago

It depends. I just believe that in order to gain something, you also have to put down something.

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13 years ago

It pretty much does take money to make money, but it doesn't have to be too much just to get started.

5 bucks a month for hosting plus maybe 50-100 bucks a month to generate some traffic and build a list might be enough for many people to go from 0-100 dollars a day if they are working hard and find something they are passionate about.

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13 years ago

Originally Posted by Cataclysm1987

It pretty much does take money to make money, but it doesn't have to be too much just to get started.

5 bucks a month for hosting plus maybe 50-100 bucks a month to generate some traffic and build a list might be enough for many people to go from 0-100 dollars a day if they are working hard and find something they are passionate about.

One of the best ways to get started making money without money is by writing articles; and it looks like that's exactly what you do, write.

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13 years ago

Don't 100% agree. A lot of the famous business men and women we know today started from nothing. Sure, it is easier to make more money if you have some money, but it is not essential.

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13 years ago

Originally Posted by ebaypowerguru

Don't 100% agree. A lot of the famous business men and women we know today started from nothing. Sure, it is easier to make more money if you have some money, but it is not essential.

I agree, money helps but is not necessary to get started making money online.

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13 years ago

I would still say, nowadays, it still takes money - may not be huge amount but still money nonetheless. Even when someone doesn't have money but borrows money to start his business - that's still using money, isn't it? If you work from the comforts of your home on your PC via the internet, you will still need money to pay your internet bills or if you don't have a PC you'll have to buy one. Unless, you perform or beg on the streets you will need money even just a small amount of it to get you the start-up to acquire whatever materials/equipment et al. you need for your business.

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13 years ago

What an interesting thread! I'm fascinated by how many people have weighed in on this subject. It doesn't take money to make money - people who are dirt poor can still do things for others with the free hands and feet they were given.

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13 years ago

Originally Posted by Stoney

What an interesting thread! I'm fascinated by how many people have weighed in on this subject. It doesn't take money to make money - people who are dirt poor can still do things for others with the free hands and feet they were given.

Excellent Point!!! I agree totally. If you really want to start something you can do something physically until you save up enough money to move to the next stage.

You can begin by cutting grass and cleaning up yards. Then buy an old truck and haul things away. You can then pick through the stuff you haul away and repair what you can and sell it used in the free want ads. Then us that money to keep moving up.

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13 years ago

Skills alone can make money. Its not money all the time.

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13 years ago

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13 years ago

If that was true I wouldn't have started my business. When I started I was in $35K debt and unemployed. All I did was to discover "free" ways of starting online. So, can I say it takes curiosity, passion and discovery to make money? Creativity, knowledge, and energy too of course.

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13 years ago

takes assets/resources to earn assets/resources.

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13 years ago

While I agree with the general comments that having money and investing it in your business venture helps, there are so many rags to riches stories that disprove that it is essential to have money.

Maybe there are other important factors such as the time you invest (think Malcolm Gladwell and the 10000 hours "rule") or your perseverence (some people give up at the frist sign of trouble while others such as Colonel Sanders and his chicken receipe just keep on plugging away).

I believe that there are other things equally important in getting a business off the ground besides investing money and these are investing time and just sheer determination to succeed?

Anyone agree or does it all just come down to money?

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13 years ago

Originally Posted by IANROD2000

While I agree with the general comments that having money and investing it in your business venture helps, there are so many rags to riches stories that disprove that it is essential to have money.

Maybe there are other important factors such as the time you invest (think Malcolm Gladwell and the 10000 hours "rule") or your perseverence (some people give up at the frist sign of trouble while others such as Colonel Sanders and his chicken receipe just keep on plugging away).

I believe that there are other things equally important in getting a business off the ground besides investing money and these are investing time and just sheer determination to succeed?

Anyone agree or does it all just come down to money?

You are correct, money is nice to have to help grow your business, but you do not need money to get started. What you do need is an idea, belief in yourself, and a burning desire to make it work.

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13 years ago

Hi,

I would say that it's possible to "just" invest time and work into your online business and succeed, but it's not an optimal approach of course.

However, working full time in the IM field would prevent most people to make a living on other streams of income so it would still take money to build the business up, at least if you do it full time.

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13 years ago

Actually, the idea that it takes money to make money makes no economic sense.

Sure, it helps. But how did anyone make money before we invented it as a medium of exchange?

Creativity & Ideas = Money.

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13 years ago

Originally Posted by btalbot

Actually, the idea that it takes money to make money makes no economic sense.

Sure, it helps. But how did anyone make money before we invented it as a medium of exchange?

Creativity & Ideas = Money.

That is a great point, after all what is money? It's just pieces of paper with pictures of dead people on them. In itself it has no value, but just the value we've all agreed to. If people started to demand payment in gold, silver or diamonds then the value of money would beging to drop.

We create with our physical or mental labor and then exchange it for what we decide has value. After all it's not the money we want but what the money can be exchanged for that we crave.

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13 years ago

I think that the old idea of "It Takes Money to Make Money" is a dangerous concept for many people, especially those just starting out.

The problem is that many people misinterpret it. Yes, you will have to pay for a couple of things before you can start a business. This doesn't mean, however, that you should just start spending money and justify it with "Well, it takes money to make money."

That's why I prefer the way I say it:

You have to invest in your business before you can generate revenue.

It may sound similar but there is a key difference. INVEST, not "spend". Investing is different than spending. When you invest you analyze what it is that you need, how much it will cost and, more importantly, how it will benefit your business.

For example: I had a few hundred dollars to invest. I looked at what I needed and decided on purchasing a new computer. After a year or so, that computer had not only paid for itself but at least tripled what I had invested in it.

"Investment" implies a return.
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13 years ago

Great post very motivational. I agree with your point. It doesn't need for someone to have money to start his dream. There are countless number of successful individuals who started from scratch.

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13 years ago

Sometimes YES. Sometimes NO

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13 years ago

Originally Posted by sash024

Sometimes YES. Sometimes NO

You state it simply, but you are correct. It all depends on what type of business you wish to start.

If you want to start your own factory, then yes you do need money. But if you want to write a eBook you don't.
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13 years ago

Hard work, skill and money will take you to go places.

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

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13 years ago

I relied on others to help me through it. People gave me inspirational advice which helps you get through the cravings you might be experiencing.

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13 years ago

Originally Posted by hconvery33

I relied on others to help me through it. People gave me inspirational advice which helps you get through the cravings you might be experiencing.

That is a good point. Having others to help you though the hard times, motivating you and keeping you from quiting is good to have.
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13 years ago

I will choose different business based on whether I have money for starting business. Always better to have money for startup

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13 years ago

I think we do need some money to get the real information!

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13 years ago

I think it's true that you have to leverage SOMETHING to become more wealthy - that something could be money itself, or it could be time, ingenuity, influence, the exploitation of other people's labor... the list goes on.

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13 years ago

It takes passoin, interest and service to others to make money and keep making money.All my friends who have made money by being shonky have lost it and ended up sick and depressed. Then they do it again. My other friends have taken a bit longer, grown their skills and love of what they do, helped lots of people out and been helped out in return and are now truly reaping the rewards. My shonky friends are now eating their words! While my honest friends are smiling all the way to the bank.
Help out if you have no money and then ask to be helped! Be honest and do what you love, it works and you make great friends as a bonus.

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13 years ago

Originally Posted by amazingemporium

It takes passoin, interest and service to others to make money and keep making money.All my friends who have made money by being shonky have lost it and ended up sick and depressed. Then they do it again. My other friends have taken a bit longer, grown their skills and love of what they do, helped lots of people out and been helped out in return and are now truly reaping the rewards. My shonky friends are now eating their words! While my honest friends are smiling all the way to the bank.
Help out if you have no money and then ask to be helped! Be honest and do what you love, it works and you make great friends as a bonus.

I agree, help those that need help and you not only get to feel good about what you do, but you have become successful at helping other; plus made some friends in the process. And it's always feel so much better when you're honest.

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Banned 13 years ago

Having a decent budget definitely helps but it is not a must.

When you read books about millionaire entrepreneurs that build up their business with basically no budget, you should realize that it is not a must.

I´m very certain that most people who start off and have money, spend their money at the wrong places and invest it incorrectly. If you invest money incorrectly and can´t get any advantage of the money invested, it is useless.

If you perceive that you need money, you need it. If you perceive that you can build a business without money, do what you love and give your best, odds are that you will build a successful business without a budget.

But once you have money, you can leverage your money.. If you have the skills and money, leverage is no problem and it will get easier to make money.

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13 years ago

Originally Posted by GeraldGigerl

Having a decent budget definitely helps but it is not a must.

When you read books about millionaire entrepreneurs that build up their business with basically no budget, you should realize that it is not a must.

I´m very certain that most people who start off and have money, spend their money at the wrong places and invest it incorrectly. If you invest money incorrectly and can´t get any advantage of the money invested, it is useless.

If you perceive that you need money, you need it. If you perceive that you can build a business without money, do what you love and give your best, odds are that you will build a successful business without a budget.

But once you have money, you can leverage your money.. If you have the skills and money, leverage is no problem and it will get easier to make money.

The biggest factors in success is not money, but knowing what you want and have a unstoppable desire to get what you want.

Also a plan helps a great deal too.

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13 years ago

Agree,
but it is better if you Take less Money To make More Money...

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13 years ago

Sash024, your response was completely irrelevant. Are you just trying to get to a certain number of posts? Please don't post comments like, "eh, maybe." Who needs to spend time reading that?

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13 years ago

Originally Posted by therese1982

Not really, it depends on the situation. I believe that a good education will produce good money. Sure, the rich who have a lot of resources can make so much more money. Those who begin from scratch and make good money are admirable.

I've learned a good education is important, but only if it's in the area that helps you with your business. I know a great many people with a college degree that couldn't run a business if their life depended on it.

Specialized education is what is important.

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13 years ago

I do not agree that you need money to make money.

I believe that it is one's abilities to contribute in solving another person's problems. This results in the intangible factor called value.

In the offline world, the first stage in life will be using labour or intelligence to provide value in exchange for money.

The ultimate stage will be using money to make money by investing in assets or yourself to increase your abilities so that you are able to provide greater value to others in exchange for more money.

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13 years ago

Originally Posted by Lovenus

I do not agree that you need money to make money.

I believe that it is one's abilities to contribute in solving another person's problems. This results in the intangible factor called value.

In the offline world, the first stage in life will be using labour or intelligence to provide value in exchange for money.

The ultimate stage will be using money to make money by investing in assets or yourself to increase your abilities so that you are able to provide greater value to others in exchange for more money.

I agree, but with one minor change; it's perceived value.

For example let's look at antiques. There may be a chair that you would pay $1000 for, but I wouldn't take it if you wanted to give it to me. The value of this chair is the value we both perceive it to have. You could argue that I could take the chair and then sell it, but if you are the only one that feel it's worth $1000 I'm stuck with a chair.

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13 years ago

In my opinion , One need to know where to spend money before start spending blindly. I heard a fellow warrior saying:

"You have to burn your eyes to make money in IM "

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13 years ago

Originally Posted by Sumon2k7

In my opinion , One need to know where to spend money before start spending blindly. I heard a fellow warrior saying:

"You have to burn your eyes to make money in IM "

LOL, I wouldn't put it that strongly, but you are correct. Too many people buy the latest new item that promises you'll make money just by buying it. You have to decide on what you want to do online and then learn everything you can about it.

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13 years ago

Originally Posted by Sumon2k7

In my opinion , One need to know where to spend money before start spending blindly. I heard a fellow warrior saying:

"You have to burn your eyes to make money in IM "

I TOTALLY AGREE!
yOU need to sacrifice something in order to get something

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13 years ago

It is true countless ideas out there are on how to multiple money but very few on how to make money from scratch. Making money needs an idea more than money

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13 years ago

Originally Posted by stopper

It is true countless ideas out there are on how to multiple money but very few on how to make money from scratch. Making money needs an idea more than money

I agree, the idea is what's important. Start small and grow it as you go.
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13 years ago

There is a price to pay in order to be a success, Either you spend the time or the money ? Personally I find spending money to way easier than spending time. Time is just one asset you can never get back so in reference to making money , you will need to invest time or money to make money.

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13 years ago

Originally Posted by AlisonTaylor

There is a price to pay in order to be a success, Either you spend the time or the money ? Personally I find spending money to way easier than spending time. Time is just one asset you can never get back so in reference to making money , you will need to invest time or money to make money.

I agree, the way I look at it is like this: in the beginning you need to spend a lot of time and little money, but as you make money you need to spend that money and start to save your time. The more money you make the more you use it to hire people to do the things you can let others do and use your time more economically.

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13 years ago

I agree with you, I like the outa the box thinking! And I am a very firm believer that you can start with nothing and end with everything.

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13 years ago

It just take time, endurance, ability hopes and prayer to have a successful business. Not all the time you need to start with money to make money. Great post!

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13 years ago

You cannot have wealth without its cause: intelligence.

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13 years ago

Originally Posted by JohnGaltMarket

You cannot have wealth without its cause: intelligence.

I somewhat agree... You just need to be intelligent enough to know that you cannot do it alone and do what you can to make the money to reinvest and outsource as soon as you can afford to do so.

By outsourcing you can bypass the things you don't know; such as web design, copy writing, graphics and the like.

But there are little things anyone can do without a lot of intelligence to get started making money online. You just need to be willing to work your butt off and get yourself motivated enough to learn what you need.
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13 years ago

not actually needed

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13 years ago

Great question! I would say it depends of one's measure of "making money"?

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13 years ago

Creating wealth without at least some form 'intelligence' is near impossible.. Many people have made money with minimal investment and in some cases none at all. So i'd say knowledge is an important factor.

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13 years ago

Originally Posted by EnzoBlaque

Creating wealth without at least some form 'intelligence' is near impossible.. Many people have made money with minimal investment and in some cases none at all. So i'd say knowledge is an important factor.

As Anthony Robbins says: Knowledge + Action = Power. The old saying Knowledge is Power is only half right; if you don’t take action on that Knowledge then all the knowledge in the world isn’t going to help you.

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13 years ago

Originally Posted by scortillion

As Anthony Robbins says: Knowledge + Action = Power. The old saying Knowledge is Power is only half right; if you don’t take action on that Knowledge then all the knowledge in the world isn’t going to help you.

Indeed, whilst knowledge is an important "factor" taking action is also key to creating weatlh.

having seed money is not an absolute necessity. (Although it would make things alot more simple)

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13 years ago

The only time it would take money to make money is when we attempt
to obtain it using natural abilities. From a creative standpoint, all we
need is our mouth and our imagination; then nothing will be impossible
to us.

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13 years ago

Originally Posted by Adrianne_

The only time it would take money to make money is when we attempt
to obtain it using natural abilities. From a creative standpoint, all we
need is our mouth and our imagination; then nothing will be impossible
to us.

When you say all we need is our mouth and our imagination, I'm not sure what you mean. I'd love to hear that explained some more if you have a few minutes.

I love getting people's input on this and there are some very helpful addtions; I'd like to hear your.

Thanks for adding to the conversatin!

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13 years ago

Originally Posted by scortillion

When you say all we need is our mouth and our imagination, I'm not sure what you mean. I'd love to hear that explained some more if you have a few minutes.

I love getting people's input on this and there are some very helpful addtions; I'd like to hear your.

Thanks for adding to the conversatin!

Words carry a lot of weight. For example, if you have an
argument with someone, days after the argument is over,
those hurtful words are still with you and we have a tendency
to replay them over and over again. Why is that? It's
because words have a way of giving life to whatever it's
directed towards, whether positive or negative.

I remember Oprah had a young man on her show in the early
90's, who had a terminal brain tumor. The doctors could
not operate because it would kill him. This young man spoke
to the tumor everyday, several times a day, and pretty much
told the tumor to die. He also used his imagination to invision
his words as missles that were destroying the tumor bit by bit.
In a short period of time, a growing tumor completely disappeared.
If words and an imagination worked to create healing, why not
use them to make money?

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13 years ago

Originally Posted by Adrianne_

Words carry a lot of weight. For example, if you have an
argument with someone, days after the argument is over,
those hurtful words are still with you and we have a tendency
to replay them over and over again. Why is that? It's
because words have a way of giving life to whatever it's
directed towards, whether positive or negative.

I remember Oprah had a young man on her show in the early
90's, who had a terminal brain tumor. The doctors could
not operate because it would kill him. This young man spoke
to the tumor everyday, several times a day, and pretty much
told the tumor to die. He also used his imagination to invision
his words as missles that were destroying the tumor bit by bit.
In a short period of time, a growing tumor completely disappeared.
If words and an imagination worked to create healing, why not
use them to make money?

Thanks for replying! Great input, I love it. Also that is a powerful story.

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Banned 13 years ago

Hello,

It takes time and you need patience and persistence in order to make money online!

Best wishes!

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13 years ago

I agree it takes money to make money. Some programs take a little more money to get started than others. If you pick the right program or get yourself a website, the money can be well worth it.

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13 years ago

It takes skill to make money.

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13 years ago

Originally Posted by mosthost

It takes skill to make money.

Well said most honorable Ninja master!

But I believe you can start with no skill and learn as you go.
After all no one ever begins as a master but starts as an unskilled klutz, more or less
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13 years ago

I definitely agree! I'm really tired of hearing people say that they want to make money and they won't do anything to achieve it. Money or effort still incur costs so deal with it if you want to earn something.

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13 years ago

It certainly helps to have money to generate more money. Everything in life requires some form of investment. The secret is to reinvest some of the profit to scale up your business.

So many warriors are making money through ppc campaigns as the traffic is instant e.g if your spending $100 per day and make $500 per day, I would consider that as good ROI

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13 years ago

I've said it and I'll say it again.

It's all about the person behind the money and what they do with it.

Someone can come out of no where with just an idea and action. They don't have to have any money and can pull it off.

Another person can come about with the same idea, but less action and could spend thousands and get no where with it.

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13 years ago

Originally Posted by Justin Lewis

I've said it and I'll say it again.

It's all about the person behind the money and what they do with it.

Someone can come out of no where with just an idea and action. They don't have to have any money and can pull it off.

Another person can come about with the same idea, but less action and could spend thousands and get no where with it.

So true, lack of action is the cause of most people's failures. They are all to happy to blame it on someone else, or something else, but the real cause of their failure is themselves and their lack of action or the incorrect action.

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13 years ago

Obviously, you most likely will need money to get started in your quest to make money, but if you have the knowledge and desire to make money - you won't need as much.

I find that most people use money as an excuse for not moving forward. "But I have to have [x] to do [z]." Then there's those who have no other choice but to do [z] without having [x], yet they still seem to succeed when they feel there's no choice but to do so.

It's mostly a mindset, although money is important for most businesses. It helps get things done quicker (in most cases, although the larger the sum, the slower the process in many situations) and allows you to (usually) get things done with better quality.

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13 years ago

Originally Posted by clenard77

Obviously, you most likely will need money to get started in your quest to make money, but if you have the knowledge and desire to make money - you won't need as much.

I find that most people use money as an excuse for not moving forward. "But I have to have [x] to do [z]." Then there's those who have no other choice but to do [z] without having [x], yet they still seem to succeed when they feel there's no choice but to do so.

It's mostly a mindset, although money is important for most businesses. It helps get things done quicker (in most cases, although the larger the sum, the slower the process in many situations) and allows you to (usually) get things done with better quality.

Most people spend their time planning, and planning, and planning and never taking the action as was mentioned in a previous post. They always say that I'll read this then I'll be ready; then I need to read this and I'll be ready, then another and another and another...

Next thing you know it's 3 years later and you never did anything but read.

Read a little and then take some type of action!

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13 years ago

I would agree I needed money to earn some,at last I need to invest the 10% of what I earn.

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13 years ago

Sorry if anyone has mentioned this before.

1) It takes time, energy, smarts, hustle and sometimes luck to make money.

2) It takes "less time", money, energy, smarts, hustle & sometimes luck to make money faster

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13 years ago

Originally Posted by Butazi

Sorry if anyone has mentioned this before.

1) It takes time, energy, smarts, hustle and sometimes luck to make money.

2) It takes "less time", money, energy, smarts, hustle & sometimes luck to make money faster

Granted sometimes the cards fall in your favor, but I believe we make our own luck by deciding to have it and keeping a positive outlook.

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13 years ago

Originally Posted by scortillion

Granted sometimes the cards fall in your favor, but I believe we make our own luck by deciding to have it and keeping a positive outlook.

100% agree. The universe is what you make of it!
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13 years ago

I think you're in a better position if you have SOME money to get started, and as many people have mentioned, you'll make money faster I think...

Currency is the real issue here...

But, it also depends on your definition of currency.. currency can be money, or time, or bartering, or blood/sweat tears.

As long as you have some kind of currency you're willing to put up front, and you don't give up... you WILL succeed.

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13 years ago

I think money makes it easier to make money. Some things absolutely require money but others don't. You can usually offer a service using your knowledge or skills with little or no cash. But of course most things require tools or resources and that costs money unless you can gain access to those tools or resources for free.

"...the defining factor is never resources, it's resourcefulness...." - Anthony Robbins

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13 years ago

Sorry guys I didn't read the whole thread because it's too huge and to be honest I just read the title.

So to answer the question in the title here what I would say.

It takes, preparation, tests, competitive analysis, test again, marketing/branding and money to make money....

Spending $1000 without preparation (aka, knowing your goals), without testing small whether you get the attention you want, the optin, the sales, without knowing who you're competitor are and what are they doing to reach the market, their positioning, without testing again and again (and I'm sure forgot a lot else) is not going to make you money.

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13 years ago

Originally Posted by tayuyaa

Sorry guys I didn't read the whole thread because it's too huge and to be honest I just read the title.

So to answer the question in the title here what I would say.

It takes, preparation, tests, competitive analysis, test again, marketing/branding and money to make money....

Spending $1000 without preparation (aka, knowing your goals), without testing small whether you get the attention you want, the optin, the sales, without knowing who you're competitor are and what are they doing to reach the market, their positioning, without testing again and again (and I'm sure forgot a lot else) is not going to make you money.

You have a good point there. Like I've read: "If you don't plan to succeed, you plan to fail."

No matter if you have money or you don't; if you don't plan you will fail. You need to have some type of plan in place to succeed.

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13 years ago

Great post! I have found that it takes value to make money, not money to make money. Providing value to others is the only way I know of for making money. Of course, you can use money to advertise the value you provide, but at the end of the day, if you do not have any value to provide to others, you cannot make money.

-Terry

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13 years ago

Yea that is the biggest croc of you know what of all time. I have found that peoples beliefs about money holds them back more than anything no matter what business they are in.

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13 years ago

Starting with no money, every penny earned is a 100% or more return. Through the years, however, I spun a lot of wheels with little to show for my work.

Now I'd rather invest money than time. I always thought that was an age thing, but now am happy to see so many in their 20's or younger implementing strategies to multiply their effectiveness through investing small sums on outsourcing and building their own teams. Truly an amazing paradigm shift in thinking... one that gives me hope that this generation will permanently help turn our economy around. Bold statement, I know, but this clearly is a bold generation moving ahead here. Gives me hope...

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13 years ago

Originally Posted by atlantarobin

Starting with no money, every penny earned is a 100% or more return. Through the years, however, I spun a lot of wheels with little to show for my work.

Now I'd rather invest money than time. I always thought that was an age thing, but now am happy to see so many in their 20's or younger implementing strategies to multiply their effectiveness through investing small sums on outsourcing and building their own teams. Truly an amazing paradigm shift in thinking... one that gives me hope that this generation will permanently help turn our economy around. Bold statement, I know, but this clearly is a bold generation moving ahead here. Gives me hope...

I agree that it's best to outsource the work you can because time is the only thing you cannot get more of - without outsourcing.

But when you are starting out with nothing you can still become successful. What you have to do is just like you say, reinvest your earning into outsourcing as soon as you can. This will free you up for other things that will also help you grow your business quickly.

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13 years ago

James, that is so true! Money is simply what we receive when VALUE is given or exchanged. You don't have to have money, but you do have to have something of value. Travis Sago says it best:

1) Find a hungry crowd
2) Find out exactly what THEY are hungry for
3) GIVE IT TO THEM! (Provide VALUE)

Great post, James! CK

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13 years ago

Originally Posted by CK Pittman

James, that is so true! Money is simply what we receive when VALUE is given or exchanged. You don't have to have money, but you do have to have something of value. Travis Sago says it best:

1) Find a hungry crowd
2) Find out exactly what THEY are hungry for
3) GIVE IT TO THEM! (Provide VALUE)

Great post, James! CK

Thanks CK! Corey Rudl said pretty much the same thing, but that has been the mantra of business for centuries

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13 years ago

Yes I agree 100%, you need initial investment to make money, sure you can make money out of nothing but just not a lot.

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13 years ago

This greatly depends on how much money you want to make. But most of the times, it's true as investment capital is needed (not just time) in most ventures.

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13 years ago

Originally Posted by sublime311

This greatly depends on how much money you want to make. But most of the times, it's true as investment capital is needed (not just time) in most ventures.

If you want to grow your business quickly you'll need to reinvest the money you make to speed up the growth process.
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13 years ago

Excellent post!
I totally agree that it don't takes money just to make money and it was proved by other who started from scratch. It just a matter of how you drive your skill to make money. Even your saliva can already make money (e.g Brokers).

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13 years ago

Deep wisdom in this thread.

I have always started with zip, zero, nada. Not by choice, but by necessity.

Step One: Sell services, and trade half your available time for dollars.

Step Two: Take the other half of your available time and create your own products for passive income streams.

Step Three: Gradually replace "Services Income" with "Product Income."

Step Four: Go fishing, or do whatever you want.

It's a great plan, and it works.

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13 years ago

Originally Posted by MikeDilagio

Deep wisdom in this thread.

I have always started with zip, zero, nada. Not by choice, but by necessity.

Step One: Sell services, and trade half your available time for dollars.

Step Two: Take the other half of your available time and create your own products for passive income streams.

Step Three: Gradually replace "Services Income" with "Product Income."

Step Four: Go fishing, or do whatever you want.

It's a great plan, and it works.

I love it... how long did it take to go from zero to making serious money?

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13 years ago

Originally Posted by scortillion

I love it... how long did it take to go from zero to making serious money?

I started in 1995... I got subscribers by hanging out in chat rooms, asking people for their email address so I could send them my newsletter.

With that unremarkable beginning, I built a list of about 1200 in six months.

Bought a little eBook about how to write an eBook in 7 days.

Wrote the eBook.

Put up a one page mini-site.

Got listed on Clickbank.

Bought some Google ads.

Made $1K a month to start.

But "serious money" didn't happen for five years or so.

When I started doing promotions to bigger lists, and I hit four or five figures per mailing.

Now I balance my time between doing my own projects and doing projects for others. I get bored easily, I like the challenge.

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13 years ago

Originally Posted by MikeDilagio

I started in 1995... I got subscribers by hanging out in chat rooms, asking people for their email address so I could send them my newsletter.

With that unremarkable beginning, I built a list of about 1200 in six months.

Bought a little eBook about how to write an eBook in 7 days.

Wrote the eBook.

Put up a one page mini-site.

Got listed on Clickbank.

Bought some Google ads.

Made $1K a month to start.

But "serious money" didn't happen for five years or so.

When I started doing promotions to bigger lists, and I hit four or five figures per mailing.

Now I balance my time between doing my own projects and doing projects for others. I get bored easily, I like the challenge.

Thanks for sharing Mike! Sounds like you're doing great these days, glad to hear it!

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13 years ago

This is are good post. I don't think you need money to get started but you will need it later to start really bringing in a profit.

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13 years ago

Everything requires some level of capital investment, it may not be millions but something. Very few people start anything with $0 dollars and make millions without some money being put into it whether at the start or later on

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13 years ago

Awesome stuff indeed James!

I agree with you and I also feel that everyone has something that is equally as valuable and sometimes I consider it to be even more valuable...TIME!

Each of us have 24 hours in a day to use and depending on how we use these 24 hours will dictate our success in life. As you mentioned having money can help you multiply faster but there is no need to think you need money to make money.

Again great post!

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13 years ago

As mentioned throughout this thread investing money into a project is not absolutely necessary (especially for IM), however in my experience it definitely helps speed up success as you're able to focus on your most important value added tasks and pay someone else for more routine tasks.

I'm a par-time IM, so anytime I can pay someone less than I make per hour in my IM ventures I usually do.

Phil
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13 years ago

YES! It is a fact that it takes money to make money. Their are always start up costs. You might not need hundred of thousands but you will need money to get it started. Even if they say they started their business with $500 that is still money.

If your goal is to make money its almost impossible to make money without spending. You have to market your product yourself whatever.

Yeah, no matter what people say you need to money to make money even if its $1 that is still money.

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13 years ago

Some people don't have as much money as they have time.Sometimes being able to invest more time than most can propel you to some level of success.

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13 years ago

I totally agree that you do not need money to make money. Anyone here in the warrior forum can start making some start up capital by providing a service and the re-invest the profits to the preferred entrepreneurial endeavor of choice. This is but one example of course.

I will say, that though you don't really need money to make money, it makes things a little easier if you did have some money. Thankfully, it doesn't need to be a lot.

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13 years ago

Originally Posted by ImWendy

I totally agree that you do not need money to make money. Anyone here in the warrior forum can start making some start up capital by providing a service and the re-invest the profits to the preferred entrepreneurial endeavor of choice. This is but one example of course.

I will say, that though you don't really need money to make money, it makes things a little easier if you did have some money. Thankfully, it doesn't need to be a lot.

You're right! One method that requires no money, but does require time, is writing articles.

For example: find a current hot niche; write 10 articles, 500 to 1000 words each, rich in the keywords for this hot niche. Then package these 10 articles together and sell them as private label right articles.

If you have not money to pay for advertising on any sites then write an additional 5 articles on this hot niche and give them away free. When a person downloads these articles you offer them the 10 article package as an one time offer.

Take your profits and SAVE them! Do not spend them!!! Then repeat the process. When you have enough money saved up, outsource someo of your article writing and keep producing your own...

You have started a business with no money but are going it faster as you reinvest the money you earn...

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13 years ago

I agree in the sense that money can exponentially help you to make more money. But at the same time there's nothing stopping you from making that money, just your motivation and work ethic to get up and get.

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13 years ago

Originally Posted by IMdeaming

I agree in the sense that money can exponentially help you to make more money. But at the same time there's nothing stopping you from making that money, just your motivation and work ethic to get up and get.

I agree, if you are not motivated to do the work that is needed in the begining then you won't make the money you need to grow your business.

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13 years ago

Yes, it does take money to make money in a home based business. Just as you cannot create a tree without a seed, you must plant money to make money; if you are in your own business.

BUT, the question is how much money does it take. Extending my analogy of the tree; there are some small seeds, like the mustard seed, that grow into giant trees. There are also giant seeds for other trees. I read recently that the seed of the cycad tree weighs up to 90 pounds.

Likewise; I believe it is possible to start a home based business with very little money. There are also other plans that demand quite a bit of start up capital.

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13 years ago

In most cases yes, but there is always room for creativity

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13 years ago

The value analogy was great!

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13 years ago

It doesn't always take money to make money. It takes a good idea to make money and the ability to follow-up on the idea. Sometimes part of the follow-up requires money.

Spending money does not necessarily mean you will make money. If fact, most of the time you will never make any money based upon spending money unless you first have a good idea and can implement it.

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13 years ago

It really depends on the business and the costs that come with it.

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13 years ago

Originally Posted by TheAdMan

It really depends on the business and the costs that come with it.

You're 100% correct. But you can get started with zero money in the beginning, but to grow your business you'll need to reinvest what you earn and not just spend what you earn on pleasure.

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13 years ago

Originally Posted by scortillion

You're 100% correct. But you can get started with zero money in the beginning, but to grow your business you'll need to reinvest what you earn and not just spend what you earn on pleasure.

At some case it's pointless. If you're happy just of having money on you account thats great, but I don't want to be too old to spend this money I've earned at young age, I want to use my youth as much as possible, you know?

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13 years ago

NaJedynce, you're as youthful as you think you are. Would you rather drink less booze and own a freaking boat when you're 35, or squander it all in your 20s and struggle later on?
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  13 years ago
  
  zannix, not at all. Answering your question - I would like to have a boat while I'm 25 and than get another bigger one while 35. Taking a sunbath on it I would go back to the 25 yo times and get much happier coz of those memories about what I did how I lived doing everything I wanted to! Always thinking superlatively
  
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13 years ago

Originally Posted by scortillion

You're 100% correct. But you can get started with zero money in the beginning, but to grow your business you'll need to reinvest what you earn and not just spend what you earn on pleasure.

Scortillion, great thread. I would quote your initial post, but its too long, so I am quoting the above but responding to both.

It is more difficult to make money, DEPENDING ON THE VENTURE, with no money, than if you have money.

I will give you some examples.
(A) Say for instance, you want to invent a software program for a specific reason. You go to ODesk, and you find a worthy programmer, he charges you $1,000 to create the program. If you have 0 money, how are you going to get the program developed? Most likely, you are not.

(B) You are an off the boat immigrant from another country, say Western Europe for the sake of argument. You know no one, and you have 0 money. You get a job at a local diner, from a person who knew your father's cousin's uncle's shoe-repair man in the old country. You work there for 20 years. During that time, you get married, and have two kids. You are offered a partnership at the diner, in large part because you have demonstrated unyielding loyalty to the man who hired you, so you are quite trustworthy. The thing is, you need $20,000 to buy in, but the payoff will be huge, since you will be purchasing the diner (50%) and the property as well, and by the way, this diner is in NYC. You have decided to borrow the money from a friend of the diner owner and will pay him back in 2 years with interest. If not for money, you will not have retired a millionaire in 10 years with 3 million in the bank.

These are but two situations or examples of where having money or not having money truly affects the outcome of success or failure.

Having money to start with UNQUESTIONABLY aids in the speed at which the outcome is altered. Can success be had TODAY, with so much saturation and with prices having increased in all facets of society as they have?

Yes, your examples indicate a hard work ethic, stick-to-it-tiveness, and ambition with the most ultimate of successes. However, THAT was THEN.

The modern tales of SUCCESS surpass even your examples of the greatest names in success history. What do I mean?

We are living in a golden age of media/information sharing. Where even the poorest of the poor, as long as they have access to the internet, can learn at lightening speed, coding, programming, web design, sales, history, you name it. The modern information universe continues to expand, and the form in which it is shared continues to evolve to the point that we will no longer hold the input devices in our hands, but they will be literally ingrained in our heads, and we will no longer be separate and apart from our smartphones, tablets, they will be a part of us, literally.

Yes, success can be attained for little to no money. The greatest commitment is now time, and how we utilize it; our energy and attention and to where we allocate it. Be wise in your investments of the above, and the return will be great success.

Be specific in what you elect to do, and what path you seek, and you will have tangible results. Work in generalities and have an uncertain cloudy path, and your results will also remain murky.

So, those are my .02 cents.

Warmest Regards,

- John Tzor (JT)

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13 years ago

Yes, In my opinion it's required to invest money and TIME.

How could we learn to sell if you have not crossed the buying path before? I mean, for example, here at the WF. Buying cheap products is a way to learn. Just pay attention on how others do it.

All the best

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13 years ago

Absolutely great post..in my biz (Kindle publishing) I invest around $100 per ebook, then in the long term make that up in about 3 months, then it's all gravy..thanks again for the insights here.

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13 years ago

Originally Posted by Alohatom

Absolutely great post..in my biz (Kindle publishing) I invest around $100 per ebook, then in the long term make that up in about 3 months, then it's all gravy..thanks again for the insights here.

Do you have any details you'd mind sharing? I'm currently working on an ebook for amazon kindle and would love to see what you do....

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13 years ago

In my opinion, It takes money to make money is the greatest lie ever told. If you 'really' think about it, everyone starts off with nothing.

In today's climate, there are so many ways that someone can make thousands from investing nothing.

Look at the real estate market. Let’s say I find a house that has been on the market for 2+ months, there is nothing stopping me from finding them a buyer and earning a finder's fee off the sale.

This is one form of client trafficking and can be applied in many different scenarios.

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13 years ago

Used to think that it takes money to make money, but i was proved wrong by many people that you can start without money and raise capital

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13 years ago

Hi.

Just takes controlling influence and or information timing. Money is residual.......

Tom

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13 years ago

I would say you will need money in 2012 no one does anything with Nothing. Power is the ability to sway the minds of the people. If you can sway minds you can get what you need to survive and to be rich. Name anyone who has made it big and they had to have something = the ability to sway people. On another level you all know darn well that you pay your internet bills, you pay for information, you pay your website host if you have a site, the list goes on . . .

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13 years ago

Originally Posted by Walter Parrish

I would say you will need money in 2012 no one does anything with Nothing. Power is the ability to sway the minds of the people. If you can sway minds you can get what you need to survive and to be rich. Name anyone who has made it big and they had to have something = the ability to sway people. On another level you all know darn well that you pay your internet bills, you pay for information, you pay your website host if you have a site, the list goes on . . .

You can go to the library, or a wireless place and connect if you need to. You can run a free blog on wordpress, and you can promote affiliate products. You need to spend time writing articles and promoting you site though... you don't need money.

No computer, go to the library...

Those are some options

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13 years ago

Originally Posted by scortillion

You can go to the library, or a wireless place and connect if you need to. You can run a free blog on wordpress, and you can promote affiliate products. You need to spend time writing articles and promoting you site though... you don't need money.

No computer, go to the library...

Those are some options

sounds doable, but then there's the question of how much time the library will give you on the computer, accepting payments, day to day living etc. Great suggestions though.

Sidenote: Funny thing about writing is it's gotten me through school and a lot of places, but lately I just don't feel like writing about stuff that's already been written about. I figure why keep writing when almost everything has been covered more or less already. I just don't feel that creative doing that, maybe I will start a thread on it to get other writers pov.

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13 years ago

Originally Posted by Walter Parrish

sounds doable, but then there's the question of how much time the library will give you on the computer, accepting payments, day to day living etc. Great suggestions though.

Sidenote: Funny thing about writing is it's gotten me through school and a lot of places, but lately I just don't feel like writing about stuff that's already been written about. I figure why keep writing when almost everything has been covered more or less already. I just don't feel that creative doing that, maybe I will start a thread on it to get other writers pov.

You can always find a niche which you like but hasn't had much written about it yet... or take the opposit view about a topic and get people talking about it in a new way...

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13 years ago

Well I agree that it does not really take money to make money... I think it really depends on how much blood, sweat, and tears you are willing to put into something... I usually like to do a combination of both spend some money and spend some time... I find out in just about everything I do that spending a little money helps fast track my results... I get the results I want and don't have to break the bank or set in front of a pc all day to do it!

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13 years ago

I agree with that
as if we will be fishing for bait fish are small and need extra work to pull out

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13 years ago

Truly Inspirational!! thanks for these great post

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13 years ago

I really think it takes either money, or an overwhelming urge to want to make money. If you have money, then yeah go ahead and use it. But when you have your back against the wall and for what ever motives you want to succeed so bad it becomes almost a compulsive trait, then believe me. You will get money or whatever it is in order to succeed.

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13 years ago

It really doesnt. Problem is - money expedites things on a level way too good to pass out.

But then again, what do you mean when you say "does it take money". Does money mean a few HUNDRED or one penny?
Or rephrased
Do you think you need hundreds of $ to make money? Answer to that - definitely No.

Once again, money certainly expedites things and opens up a lot more oppurtunities , but then again those "distractions" are not always beneficial and we end up losing money

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13 years ago

Great post about people who succeeded big time. It's stories like those, which helps inspiring people like us, who make money online, but has a long way to go, just to get a fragment of the success and prosperity the achieved.

I can only say, that there always is a reason why some people are rich and somebody are not; The rich people took action and learned by their mistakes. RESPECT!

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13 years ago

Originally Posted by John Grey

Many people that in order to make money one needs no money at all. It's a foolish thing to believe. Even those who said they're able to make money without investing any money.
In the beginning you had to invest some of your money, it requires some of your money to make money. You did not get where you are NOW by simply investing nothing!
Investing money into your own business is how you build a successful longterm business that runs by itself in the long run.

You do not need money to make money... of course you made money without having money... if you are a normal person you had a job at some point. You didn't pay to get that job, you were hired, you worked and then were paid.

The same is true for an online business... you write a blog include some affiliate links and promote your blog... blogs can be started for free if need be...

so the idea that you "NEED" money to make money is false... it HELPS, but it's not necessary..

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13 years ago

You can definitely make money without having any money to start. I think the smartest thing to do is to REINVEST that first money you made back into yourself so that you never have to start from 0 again. Thanks for the post!

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13 years ago

Money is not what you need to make you dreams come true you need heart, desire, a why and the ability to get it done. If you haven't got the money then it is time to start bartering with anyone will listen.

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13 years ago

You need an idea to make money. You need persistence. You need a strong, strong belief in yourself and your idea, and you need a strong driver to keep you motivated. You do not need money to have any of these things.

If you have all of these things, you will find solutions to ventures requiring money.

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13 years ago

It takes money to make money FASTER!

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13 years ago

Great post and I agree 100% I ran into a guy the other day who said you need money to make money.

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13 years ago

I think it certainly helps.

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13 years ago

IMHO - Bootstrapping is something you do on the way up, not at the start. I'm all about sweat-equity, but you have to build it before you can market it. And that does take $$$$.

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13 years ago

I guess it depends on how you're making the money. You can surely invest money to make more but there are many ways to make money by doing things that cost nothing.

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13 years ago

I believe the key is to not focus on the money for the money is always changing. Instead focus on becoming an expert at your craft and the reward will follow. Just look at people who were huge into real estate chasing the almighty dollar. Most of them are gone today.

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13 years ago

Having money to invest online will give you a head-start but you can substitute it with hard-work and persistence.

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13 years ago

No... I think it takes focus of our energy, of our thoughts... to make money - to make, have or do anything.
The Having of the money, the manfiestation, is well after the thought of it.

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13 years ago

I agree with you, Without money we can do little things, But with money we can do a lot of things , as the bible says money answer all things..

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13 years ago

In today's world, 90% of the time, it really does take money to make money.

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13 years ago

Smart people learn from their mistakes. Wise people learn from the mistakes of others. Does it take money to make money? Yes. But, it doesn't have to be YOUR money. John Paul Getty, richest man in the world at the time, said, "I would rather make 1% from the efforts of 100 people than 100% from my own efforts." The mindset of wealthy people is to create value by using other people's time and money. A good idea with a good plan can attract both. Happens everyday on this forum.

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13 years ago

"belief" in your self and ''focus" on your goal are two main ingredients to achieve success. Only money can't generate more money.

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13 years ago

It does not take money to make money. It does make it a lot faster to get if you already have it. Just like here and all over the web you will find lots of ways to make money and most require some time and effort on your part or very little money if any.

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13 years ago

I think you at least need some money to make money. At the bare minimum an Internet connection and a laptop!

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13 years ago

I think it takes work, and then dedication, and then work...lol

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13 years ago

it is not the money creating money ( unless they are in a bank account sitting and multiplying), it is the idea we work on, and the time ( time is money

)we spend on it that creates money.

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13 years ago

Having money helps, but not necessary.Try investors, its always best to use other people money.If you have a good product or service money will come.

F Lee

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13 years ago

very inspirational post.. i think money is not only required element to make money, but Hard Work and Persistence are main element to make money.

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13 years ago

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

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Do You Have to Spend Money to Make Money? -...

Written Response: No, you could create a free blog and use someone elses internet connection/computer. If you did this from home, you probably already have a computer + internet connection + electricity, so in that respect, yes you can make money online without spending anything at all.

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13 years ago

I totally agree with you. I spent a lot of money, and I made a lot of money.

All in all, in the end, it pays off.

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13 years ago

Money is definitely not required. Just a working brain.

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13 years ago

I do not agree that it takes money to make money. I have used free methods to make
some money online. But if you want to make a lot of money, then you will need to
have money to invest unless you have a money printing machine.

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13 years ago

No, money doesn't come into it. It's energy, determination and focus that count.

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scortillion

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12 years ago

Originally Posted by johnpea

No, money doesn't come into it. It's energy, determination and focus that count.

Great point... so many people fail not because of money or the lack of an idea, but because they give up too soon.
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13 years ago

One really does not need money to make money...You need an idea to make money. Of course having extra money helps...you have to invest sooner or later...but to begin with ...not having money can not stop you from making money .

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12 years ago

In most cases it doesn't. A lot of things today required at least some initial investment.

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12 years ago

Money is one of the important things to make money, but, money is not everything, if you are lazy person or person who can't bring yourself to work/take action - I doubt that your money will make you more money.

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12 years ago

Depends how you look at it. maybe time IS money to you.

When you were as desperate as a train robber in the Wild West, what do you do?

I could not for the life of me figure out how to make a ^#$n cent online reliably. I tried Adsense thinking I would get a PENNY from them. Not a darned thing!

So, just having Adsense was a slight "fail". had no further ideas and didn't know how to carry out some easier bank, I just floated on a cheap as 25 cent 3X3 inch wilderness survival kit consisting of 4 strike anywhere all-condition matches and a small wire sawing wire for small tree limbs for firewood. Nothing to even catch meat and fish to speak of. Was just to strike that VERY LAST match.

This is figurative speech of what I was surviving on financially.

I ended up shutting up in a messenger chat window to hear someone out very well. I didn't have much but time to lose, if it didn't work out.

I tried it for a full week, and yes, i should be making $100 from this week alone. ALONE! So money, as in financial goodies DID come in. I didn't necessarily have to pay monetarily for that advice.

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12 years ago

Absolutely!!! You can make money, but you have to bring something to the table.

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12 years ago

The biggest obstacle to making money online is not so much the lack of money, but the lack of focus. Too many of us that got started spent from more time jumping from good idea to good idea instead of making the first good idea work.

What you need the most when getting started is not really money but time. You have to invest your time to learn what you need to learn. Then once you begin to make money you can hire others to do what needs to be done, better.

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12 years ago

Awesome article! If you really know what you're doing (especially in business) with or without money you can really make more money.

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12 years ago

I agree with it. To start anything that produces money, a sum of money will be needed.

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12 years ago

I agree that you need money to make more money
Like you've mentioned the person with 40,000,000 Empire started out with a $1.50
so he needed money to make more

eg. for me I borrowed $100 from my mother to outsource a task, then the buyer paid me $1000..profit is $900....but since I got success I doubt that my mother will be asking for her cash back

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12 years ago

I am actually trying to start in IM with nothing at the moment!!!

It is not easy but I am determined to get started and give it a go.

I think the crucial thing that holds people back is not lack of money (you can always start something even with little money) it is the fear of failure and concern over how you will succeed that stops people.

Having money up front when you start can help, but it is not the be all and end all.

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12 years ago

Wonderful read! Very inspiring stories. I totally agree tht you don not necessarily need money to earn money all you have to do is to be creative and think out of the box! but money is a leverage and you can definately earn more money when you spend money

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12 years ago

To most it takes more money to make money. For me i started from zero dime.

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12 years ago

I agree with most of the people but you need to spend money to fulfill your goal.

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scortillion

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12 years ago

Originally Posted by teammate

I agree with most of the people but you need to spend money to fulfill your goal.

You are 100% correct! If you do not reinvest the money you earn you will never make it big... You can start with nothing, but when you make any money you need to invest it back into the business to make it grow!
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I agree with you ,
there is a saying "money begets money ",
you have to pay small or large amount ,but you must pay.

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12 years ago

Great thread! I'm delighted to read that a lot of people feel that anyone can start off on a shoe string budget. I have to whole heartedly agree with this. It does seem logical that having money will give us more options such as investing and purchasing what we need for our business, but we must not forget that people with the money to do that had to pay their dues and reach that point.

It's okay to start out small. Rather than waiting to receive a huge lump of money to jumpstart a business, a person can absolutely figure out what he or she can do for right now on what he or she has today. They may be pleasantly surprised at what they may find once they start poking around!

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12 years ago

Originally Posted by AanSpire

Great thread! I'm delighted to read that a lot of people feel that anyone can start off on a shoe string budget. I have to whole heartedly agree with this. It does seem logical that having money will give us more options such as investing and purchasing what we need for our business, but we must not forget that people with the money to do that had to pay their dues and reach that point.

It's okay to start out small. Rather than waiting to receive a huge lump of money to jumpstart a business, a person can absolutely figure out what he or she can do for right now on what he or she has today. They may be pleasantly surprised at what they may find once they start poking around!

I agree, everyone must start someplace and that place is usually at the bottom with nothing but time and a desire to succeed. There are the exceptions, but the majority of us begin there. Once we earn money then we can pool our profits into larger risks and gains...

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12 years ago

No money is required. Since money is just another form of energy it is possible to put energy into a project with zero dollars attached. Many may disagree but it is your mindset in regards to money. When you are in the proper mindset any action you take will result in the flow of money.

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12 years ago

Is it possible to make money without money, hmmm?
I could put another question here.

Do you have dreams?

Imagine this, you desperately want to accomplish something. There is something in your life you want so badly when thinking of it tears start rolling over your cheeks, your stomach clench and you feel you are burning inside! This could be money needed for your bills, maybe a loan installment? You want to fire your boss or you want clock alarm to be gone forever from your life?! You want all the best for your children and your partner but you can't afford it now. Maybe you would like to help your parents? Maybe you would like to travel around the world but you don't have neither money neither time to do that!

Now imagine your life has passed away and you didn't accomplish any of your dreams! How would you feel?
I would be devastated!!!

I know that if I want to make my dreams to happen there is no obstacle in this world that would take me away from accomplishing them!!! Actually I have detailed plan. I am laser focused! I know how I will achieve my dreams and I am already working to make them happen.

So would lack of money stop me to get my dreams? NO!
Would that stop you to get your dreams? I hope not!

Wish to all of you to get your dreams and live happy and prosperous life :-)!

Sincerely,

Franko

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12 years ago

You do not need money you be successful, to make money. Though it will make it easier for you in the beginning. The only things that you need are a good idea, and time.

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12 years ago

At some point, even if someone starts with absolutely nothing, they still invest money at some point to make more money.

Let me explain. Say you are homeless and want to start a business. You find a way to earn a couple of bucks, or you scrounge around the ground looking for pennies...it doesn't matter. When you have $1 (if you're homeless in the U.S.), you either set that aside or invest it into your fledgling business. You rinse and repeat until you have $2...$4...$8, and so on. Once it's at a level to where you purchase advertising, building a customer base, more R&D, you are using money to make money.

Initially, you started with nothing, but there is a time when it takes money to make money and usually it's the moment you make one cent. This would be the difference between having a job and having a business, at least in my mind. In my mind, I'm asking myself, what am I going to invest my one cent to grow my business, versus, what am I going to buy with my one cent (to eat, wear, drive, play with...etc).

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12 years ago

It takes money to make money! Can be true and can be false because as there were people who made money from nothing and their tools were patience, good planing and persistence on the other hand there were people who lost all their money following their dreams to make money either online or offline because they wanted to make money as fast as possible, and unfortunatly I found many scamers who call over the phone (not all of them of course) trying to sell you crapy online businesses over the phone use that line in their pitch....

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12 years ago

Not always. It depends on the job category. If you want to start with money, then you can. There are also ways that do not need money to make money.

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12 years ago

NICE POST!!! I totally agree with you but ofcourse if you want to make REAL money you will have to do some form of investment at some point in route to your journey.

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12 years ago

I absolutely agree. I think when most people decide they want to make money online they're still looking for get rich quick schemes( which don't exist).

It's going to require investments of your time as well as investment of your finances as well so budgeting is vital to the success of your business.

Great post I enjoyed it

Kind regards

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12 years ago

I agree with it.

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12 years ago

I don't agree... having money to begin with makes it easier, however having no money just shows who the true professionals are.

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12 years ago

Not fully agree actually, as you can't make money only investing money! There always need something else and sometimes you may make money without big economical invest too.

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12 years ago

I agree, it doesn't take money to make money.

It takes a strong belief in yourself, a belief in your creative power as well as consistent action deriving from that belief.
A feeling that you ARE already wealthy now.
Maya

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12 years ago

Having the right mindset and positive attitude helps along with determination to achieve your goals. You don't need to come from a privileged background and lets face it, the vast majority of any population come average backgrounds without huge sums of money to waft them along.
Finding a good opportunity, researching your niche market and knowing your product/service does help!

So my answer is - yes money does normally create more money, BUT you can succeed without money and millions of people around the world do just that.

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12 years ago

Anyone can become a millionaire or billionaire, and they can start off their journey with their different backgrounds but still can achieved the same thing. But money will definetly become a factor in the amount of challenges/problems/troubles encountered by the person on the journey to become a millionaire.

More money---A person can become a millionaire with less effort and less troubles/problems.

Less money---A person will encountered alot alot of hardship and troubles/problems during his road to success.

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12 years ago

I don't agree. I have seen many people who have struggled from zero, but now they are in really high positions.

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davidtye

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12 years ago

Yes absolutely, lots of people start from absolutely zero and make their way up on the success ladder.
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12 years ago

It doesnt take money to make money! Especially on IM Its a lot easier to make money with zero investment.

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heavysm

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12 years ago

Eh, I say it takes energy to make money. Money is just one form of energy that we use to exchange for other things. It CAN take money to make money, but it can also take labor and a whole host of other forms that energy takes in order to "make money". So with a slightly fixed definition, I agree
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12 years ago

The saying "it takes money to make money" stems from the fact that if you find something that works well, having more money will allow you to scale it up very quickly. So, it's not a necessity, more of an advantage.

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12 years ago

Originally Posted by Rachel McKnight

The saying "it takes money to make money" stems from the fact that if you find something that works well, having more money will allow you to scale it up very quickly. So, it's not a necessity, more of an advantage.

I agree Rachel! Money's not needed to make money, labor of some type is. But if you do have money you can increase the speed in which you accumulate it and build it into a larger amount.

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12 years ago

I must say, it's your will to earn money and your focus which matter the most. Besides, money... But it creates a sense of spending, your patterns show the way where you want to go .

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Daniel Evans

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12 years ago

"Zero to hero" is absolutely possible.

It just takes determination.

Daniel
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12 years ago

I'm firm believer in Napoleon Hill's old saying of "if you can CONCEIVE IT and BELIEVE IT, you can ACHIEVE IT. Having money to get started is no where in the equation.

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12 years ago

its all about the right mindset no matter what you sue but I believe you can make money either way. But if you want to make money quicker then using money will definitely help you achieve your goals than without it

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dchestnut

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12 years ago

Another well known success principle regarding money is the fact that money will come in proportion to your ability to handle it. In other words, make good use of the resources you have first, whatever they may be, and the rest will come.
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12 years ago

There are different types of people in this world. Some will hustle and work as hard as they can to make money. They will be able to make money regardless of the circumstances. These people will get up when they fail, still make money and hopefully adapt to make even more.

There are also people that think they are working hard, but they don't even put in half of what they can truly do. These people are dreamers, but they do not have the drive for success.

Others have such huge ideas that they can convince others to give them money to make these ideas into reality. As the previous poster mentioned, Google's idea was golden. Making this idea into the success it is today could not have happened without money.

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12 years ago

Nope I do not agree with this at all. I started out with nothing. And now I am making some money each month. Granted, it is not enough to live on, but adds to my income so I can do extra things each month or have the nice things that I want. You can start out with nothing, depending on what your business is. You just have to work super hard to get where you want.

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12 years ago

Most of the people who come up to you and say, "it takes money to make money", are broke, frustrated, and tired.

The mighty redwoods all began from a single seed.

And I agree with Scortillion, read the calssics.

Just my take
Lank

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12 years ago

It takes money to build something big.... that being said if you don't have money to make it big.

Not having the money is a big limitation but it can still be done.

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12 years ago

If it were true that you needed money to become wealthy, then babies who are born would come out with money in their hands as soon as they were born, and as we all know; that doesn't happen. All babies are born dirt poor. Heck they come into this world naked for crying out loud. So nobody is born rich so the whole idea that it takes money to make money is absolutely crazy.

If you possess a skill that is marketable, then you have something by which you can make money with. Many people use skills to make boatloads of cash. So if you have a skill that you can share and use for the rest of the world to benefit from, then by all means use it. You'll make money in the end.

Children get their first money from their parents through allowances and such.
Children don't hold jobs so that's the only way that they can get any money unless they have od jobs around the house which are also known as choars.

Now when it comes to the Internet and making money, you can create your own informatin products and sell them and it doesn't take any money to create e-books and such You already posseess the right stuff on your computer to write e-books with such as word processors and text editors.

So as you can see here, making money really doesn' take money.

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12 years ago

Great reply!!! Love the points you make. It's hard to argue with what you say about babies having no money.

Originally Posted by dbrwn

If it were true that you needed money to become wealthy, then babies who are born would come out with money in their hands as soon as they were born, and as we all know; that doesn't happen. All babies are born dirt poor. Heck they come into this world naked for crying out loud. So nobody is born rich so the whole idea that it takes money to make money is absolutely crazy.

If you possess a skill that is marketable, then you have something by which you can make money with. Many people use skills to make boatloads of cash. So if you have a skill that you can share and use for the rest of the world to benefit from, then by all means use it. You'll make money in the end.

Children get their first money from their parents through allowances and such.
Children don't hold jobs so that's the only way that they can get any money unless they have od jobs around the house which are also known as choars.

Now when it comes to the Internet and making money, you can create your own informatin products and sell them and it doesn't take any money to create e-books and such You already posseess the right stuff on your computer to write e-books with such as word processors and text editors.

So as you can see here, making money really doesn' take money.

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12 years ago

No, you don't need money to make money, just time. The saying is true that time IS money so they do have a comparable value.

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thewebspot

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12 years ago

You don't need money to make money, but it would certainly be easier
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12 years ago

It may take a little investment, and by that I mean maybe a domain and a hosting account.
At the end of the day, you will find free resources everywhere.

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12 years ago

There might be instances that I don't agree with this. It depends. But if we really just check the reality, it really takes money to make money.

For example, for you to be hired in the company, you must have to be a degree holder for you to have more edge against the others. By schooling in college to earn your degree, it takes money.

There are also some instances that some learnings are free, example of it is if you are a scholar, learn for me. But still it takes you money because you will be commuting to school and pay the bus or train's services.

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12 years ago

But where did you get the money for your education? You had to earn that money some place; or the government gave it to you (other people paid for it through taxes); or you took out a loan.

Somehow, someplace, you earned the money to get that education which got you the job...

Originally Posted by TravisO

There might be instances that I don't agree with this. It depends. But if we really just check the reality, it really takes money to make money.

For example, for you to be hired in the company, you must have to be a degree holder for you to have more edge against the others. By schooling in college to earn your degree, it takes money.

There are also some instances that some learnings are free, example of it is if you are a scholar, learn for me. But still it takes you money because you will be commuting to school and pay the bus or train's services.

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12 years ago

Nope.

Money is only a representation of value. It does not in itself hold any value more then the paper and ink.

What you need to make money is something of real value. Something that will be valuable to one or more people. Something that will make their life a little bit or a lot better in their eyes.

Not in YOUR eyes, but in THEIR eyes.

This can be something you own, something another person own, a service, your time, a product or something else.

There are probably a thousand ways of making money without having money.

~Olav

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12 years ago

Great post thank you.

I have read books on "Laptop Millionaires" how they made their fortune online, and what kind of online tools that are needed. Domain and hosting are quite cheap. And purchasing an Auto responder is needed. Its where I'm at now. I'm very new to IM, and it excites me knowing you really don't need to shell out a penny to make money online.

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12 years ago

I like this post. Yea while having money to make more money is much easier, it does not take money to make money. Just look at many of the folks who won millions in the lotto and in 10 years lost is all but spending it like idiots.

I think the true path to riches is doing that which makes you passionate and want to get out of bed in the morning. Do what you love and the money will follow.

These guys that you mentioned in your post all had the burning desire to never ever quit. You have to fail many times on your way to being a success. We never really hit a homerun our first time at bat.

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12 years ago

No. If you work smart you can build an empire from scratch.

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12 years ago

It's your perspective in life that will make it happen. I have also seen a great deal of rugs to riches stories and they all have different elements to offer. But they all have one thing in common - talent!

Overall, you need all the elements to make it happen (talent, resources and attitude)!

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12 years ago

It does not take money to make money.

What it requires is RISK.

The risk that you could be wasting your time, that nothing will ever come of it.

Education can be gotten for free. MIT has an online university that you can go through their course material at no cost other than your time and effort. I can put those courses on a resume and you will be impressed.

The knowledge from such courses, or even working a job where you learn skills (paid to learn woohoo!), can be used to make money. An artist or writer can produce something from nothing...yes, you can argue that the paints or canvas or pen or word processor cost money, but these are minimal. You could type your story on a library computer. Van Gogh did paintings in exchange for room and board. Some people will just give you things out of a helpful spirit.

Some manner of exchange does have to happen to kick this off. The artist has to get his materials somewhere. The author has to have something to write with. But Picasso could scribble on a napkin and sell that--find your materials as you can, at the start. The initial exchange can come in the form of the person investing their time and effort to learn a skill. Money doesn't have to be involved at all.

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12 years ago

You do not need money to make money. I tend to think you need brains to make money

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12 years ago

People should not me scared to invest money, because that's the way to make more and improve your skills. My best decision ever was, when I opened a credit card. From this point my online business started to grow like a monster!

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12 years ago

Making money can be done without any money. However from my experience it seems to be the more lengthier approach.

If you were wise with your money then you could get your returns growing at an exponential rate.

Just my 2 cents.

R.S

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Banned 12 years ago

I feel that to make 'significant' money one needs to invest back into the business. You can make small amounts perhaps but to really ramp things up you definitely need money to make money.

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12 years ago

This reminds me of the story about the guy who started with a red paper clip and, 14 trades later, ended up with a house. Don't know whether such a thing would still be possible today, but it does make the point.
one red paperclip - Kyle MacDonald: one red paperclip

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12 years ago

It takes moxie to make money. Many Warriors have already posted examples of what I mean by "moxie" in this post: ideas, action, calculated risk, motivation...and even a litle luck.

When I first got online back in 2005, I had someone else put up a webpage for me. I wrote the sales copy for a little guidebook in a hobbyist niche. I partnered with a newsletter publisher who had a great list of subscribers and made a tidy sum ... at first try. I'd like to think I was successful on my first-go because I had a great product and wrote really good copy to promote it to a fairly captive audience. But I was lucky enough to have a good relationship with a generous publisher (I was also a long-time subscriber of his, too, which helped and he had to see my product to pre-approve it for his list).

Granted, I had to pay for the services of my webmaster and for hosting but it wasn't very much. So, I'll say it doesn't have to take much money to make money online if you have skills and can tap into resources/partnerships.

So I, personally, started on a really small budget. On the other hand, someone can have a budget of thousands and lose it all if they make the wrong decisions.

Ina

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12 years ago

My hats off to this post so true its all in additude ther are no promblems only solutions people can make anything happen if they really want to the skys the limit as they say! thanks for the positive vibe! happy trails to all!

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12 years ago

Agree! Because in every aspect as far as business is concern you really need a capital, a machinery and manpower in which needs of money to earn profit.

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12 years ago

If you have money. Money make money else you depend upon luck.

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12 years ago

Yes I agree especially you are in a buy and sell products.

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12 years ago

If you don't have money how con you move and start a business and start earning profits.

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12 years ago

Originally Posted by streetpipscom

If you don't have money how con you move and start a business and start earning profits.

In that case how to you get money in the first place? Everyone starts with no money at all and they begin to accumulate it. So don't we all start with no money?
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12 years ago

On a small scale you don't necessarily need to invest to make money. I've made a decent side income from freelance writing on several sites and haven't had to spend a single cent. Money is made primarily through investment of time and effort. If you are looking to score big however, your chances increase significantly with the right know how and investment of money.

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12 years ago

No, you don't need money to make money....but money sure helps.

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12 years ago

i agree to a certain extent that it doesn't take money to make money. i think it depends on the individual, his motitivation and where he is.

if the individual is in high school living off his parents, then it's easy for him to develop something on the internet like an app or something like that.

but i think it'd be tough for a homeless man to make money, i mean he truly has nothing, and i've heard that brian tracy was homeless at one point and he made something of himself, so i guess to that extent one doesn't need money, rather motivation to get out from his place in life, but i think the ones that did it are the exception to the rule.

for every andrew carnegie and brian tracy how many couldn't get out of their situations in life.

it's definitely possible to do it without money, but it's very hard to do. plus if one does not have money, not only does he have a negative mindset and a very low self esteem about himself.

so the chances that one can climb out of his lot in life without any money is possible, but has a very low percentage.

but it's do able if one puts his or her mind to it.

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12 years ago

Yes, it takes money to make money. What it did not say is that "it must be your money." And it is a big fallacy to say that you cannot succeed without money. Money is the result of success not the driving force. I've seen many people who were down in the dumps but turned their lives around to practically become rags-to-riches examples.

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Banned 12 years ago

It's hard to find something that you can build up without money, and when you find it you need a good portion of luck or a mentality that doesn't give up fast.

At least that's how I see it and I started my SEO business here from nothing, well $20 for a sales thread but that was it, in the first 4 months I hardly sold a thing so I'm sure many would have given up already.

Same like I started a pretty successful business many years ago, back then the starting capital was only 450 euro (my weekly salary) and made the money back the same day and grew it from there, that business went down eventually but well.

It kind of proves that you don't need (much) money to make money.

However with money it's a lot easier as there are many more business opportunities available. Finding them is still a bit hard though.

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11 years ago

Yes I do agree with this. Often times you can do not anything if you are not willing to invest in something. But when you realize that the investment pays off, that money you invested will be one of the smartest things that you have done.

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11 years ago

Thanks James for your great post,

I wanted to participate in this discussion to add some points :
I think that a lot of factors play a very special role to walk you to the money. You can spend money at the same time you will never earn a pennie. I like a lot what Napoleon Hill revealed. He revealed the secrets of How to think rich. He showed that we should change ourselves in order to be successful and wealthy.After closely studying over 500 successful people for 25 years, you can bet that Napoleon Hill knew his stuff. A major part of Napoleon's advice was that you must have the desire to attain money. If you really desire it, then your unconscious mind is then able to make the choices in order for it to happen. If you did not desire for something to happen, then you are not going to act in a way that makes it happen. Hill gave these six steps to help manifest a desire for money...
1) Fix in your mind the exact amount of money you desire. It is not sufficient merely to say "I want plenty of money." Be definite as to the amount. (There is a psychological reason for definiteness which will be described in a subsequent chapter).

2) Determine exactly what you intend to give in return for the money you desire. (There is no such reality as "something for nothing".)

3) Establish a definite date when you intend to possess the money you desire.

4) Create a definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into action.

5) Write out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the money, and describe clearly the plan through which you intend to accumulate it.

6) Read your written statement aloud, twice daily, once just before retiring at night, and once after arising in the morning.

AS YOU READ-SEE AND FEEL AND BELIEVE YOURSELF ALREADY IN POSSESSION OF THE MONEY.

All The Best Guys,
thanks for reading my post,

KBaker

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11 years ago

"It's not what you know, it's how many millionaires you know!"

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11 years ago

Whoever said "it takes money to make money" was likely selling something about making money. lol.

I started out broke. And then I had to start again after a divorce that left me even more broke. I'm not talking "typical broke" - I mean I lost 23 pounds in 7 weeks because there wasn't enough food after my two children were fed. That kind of broke.

I had $7 to my name, was overdrawn in the bank, and had a quarter tank of gas. It was 45 minutes round trip to the post office, so if a check wasn't there - I had to put the $7 in my tank to get back (with *maybe* enough to go to town again, but not return). Even if there was a check, it had to be more than my negative balance - most of it would go into a black hole. I was bordering on losing the only two services that might help me over the hump: phone and internet, with the bills past due and cut-off date approaching.

Looking back on that time in my life is almost shocking. It's amazing I pulled out of that to create the life I have today.

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11 years ago

Nothing moves with money. You have no choices at all if you don't have money. Even the things that can make you happy costs money. But to be obssesed with it is another story.

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11 years ago

Originally Posted by joesfortune

Nothing moves with money. You have no choices at all if you don't have money. Even the things that can make you happy costs money. But to be obssesed with it is another story.

I strongly disagree. The thing that makes you happy is free because that which makes you happy is your thoughts. Only you can control your thoughts and only you can make yourself happy, sad, upset or whatever other emotion you want to experience by changing what you are thinking. It's not easy in the beginning, and sometimes it takes a great deal of effort. But it is YOU that makes YOU happy.

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11 years ago

It's not an absolute that you NEED money to make money, but having money does make it easier for sure to make money. A billionaire could make $1million just by placing their money in a savings account whereas it would take someone with no money considerable time and effort to make $1million. But it's definitely not impossible.

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11 years ago

Originally Posted by EagleTeamVentures

It's not an absolute that you NEED money to make money, but having money does make it easier for sure to make money. A billionaire could make $1million just by placing their money in a savings account whereas it would take someone with no money considerable time and effort to make $1million. But it's definitely not impossible.

In absolute terms yes, but inflation > savings accounts.

Billionaires don't get rich from sticking their money in savings accounts.

Saving is good, as long as you invest it in something else. If you just keep savings in a savings account you will lose value in the long term. Guaranteed.

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11 years ago

According to the material I study a burning desire and the idea is really what it takes to make things happen so being creative could possibly get you the money that is required to start a business and move up from there. So I agree with you, I don't think you it's necessary to have money to start with, but it will take some creative juices flowing to make it happen. Great value!

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11 years ago

Why is this thread still going?

No offense, but there is no debate here. In order to make money you have two options:

1) Investments of some kind. Either investments in a business, or stocks, or anything. Having equity in a transaction. This is how compounding is done in good business models. Essentially this is using money to make money.

2) Time. You can start with nothing but everyone has 24 hours in a day and everyone can provide some kind of goods or service (for the most part). So obviously everyone's right to work means they can generate some form of money.

Many many people start by trading their time for money. Eventually the successful create systems that allow them to trade money for more money, by having equity in transactions of some kind of value.

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11 years ago

Originally Posted by Make Money Ninja

Why is this thread still going?

No offense, but there is no debate here. In order to make money you have two options:

1) Investments of some kind. Either investments in a business, or stocks, or anything. Having equity in a transaction. This is how compounding is done in good business models. Essentially this is using money to make money.

2) Time. You can start with nothing but everyone has 24 hours in a day and everyone can provide some kind of goods or service (for the most part). So obviously everyone's right to work means they can generate some form of money.

Many many people start by trading their time for money. Eventually the successful create systems that allow them to trade money for more money, by having equity in transactions of some kind of value.

It's still going because people have something to say!

I even noticed you put your two cents worth in (oh wait you made two comments so that would be 4 cents?) But if you don't like the thread then don't take part

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11 years ago

Short answer... yes.
Is it possible to make a lot of money without investing? Of course.
Likely? No.

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11 years ago

What an inspiring share. I agree, that whatever goals we have and resources we have left, used it. Enough with excuses and just work on the goal.

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11 years ago

Time is money so your going to spending resources either way

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11 years ago

Well this is what I would have to say. No it does not take money to make money. Does it help absolutely, but not a necessity. Jim Rohn, baby "what we lack in skill we make up in numbers". "You sell and then buy or you can buy and then sell". Either way money will help you get out of the gates quicker but you most definitely can do it with out money. God nows I did!! Speaking from own personal experience just have to have a burning desire and have a ton of ambition will get you farther in life than having a ton of money and no ambition. Interesting thread good one!!

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11 years ago

Using one's time can make money. If you have the time to spend.

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11 years ago

Yes it true, beg, borrow or steal

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11 years ago

Originally Posted by scortillion

Many people say it takes money to make money and if you don't have it you cannot succeed. Do you agree? I do not!

I read a great deal and I've seen many, many people that have started with noting or in debt to go on to be millionaires and billionaires.

Take A.T Stewart who was a poor boy from New York, he started with a $1.50, lost over half of him money in a business attempt, learned his lesson, then took the remaining .63 cents and grew that into a $40,000,000 empire.

John Jacob Astor (of the famous Astors) came to America in debt owing the money for his fair to cross the Atlantic only to create the fortune that the Astor family enjoys today.

Yet another person was a poor man that was living in Hingham, Massachusetts who was out of work and no money to his name, the only thing he has was some firewood and a pen knife and a skill to carve.

At the urging of a friend he began to carve toys and sold them through a boot and the shoe store next to his house. He went on to become the richest man in Massachusetts with a worth over 100 million dollars.

A woman in New Britain, Connecticut was tired of buttons, and after some thought she went on to invent the snap that we find on the cloths we wear today. She went on to be worth many millions of dollars.

There is also the well know Andrew Carnegie who came to America from Scotland without a penny to his name only to become one of the richest men in America.

So the next time someone tries to tell you that the only way to become wealthy is to have money do not believe them for one second. Don't waste your time trying to convince them otherwise because they will hold onto that excuse with their lives. If they were to agree that it wasn't true they would have to face the fact that they were not wealthy because it was their own fault.

Once you have money you can multiple it faster, but you do not need money to become wealthy. Look at what you have, what resources do you possess, what do you love to do, and see who is looking for your service or the products you are capable of making.

Read the classic books on success and the newer ones and you will see the common factors through all. Find your Burning Desire and then make it happen. Never give up, read, study, ask others and if you fall and fail, pick yourself up, dust yourself off and get back on the path to your goal.

James Darren Davis

I don't agree - it does take money to make money because a person can just go out and get a job. But they would still need money to get to work, money for clothing and money for food while they are earning.

The people above may have come 'penniless' but they had to find the means to make money and they did.

I think what you are trying to say is that people don't have to let the fact of not having the funds (right now) stop them.

Then that is just a stupid excuse.

When I first got started in this industry, I was in debt but had to find $2,000 to start up.

And I did.

I borrowed the funds!

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11 years ago

Of course it all comes down to your attitude. If you believe you cannot do it, you're right and you will fail. If you believe you can do it, you're right and you'll succeed.

Money in and of itself is just a tool. If you have none it doesn't mean you'll fail; it just means it's going to take longer to do what it is you want to do. But there is always a way to succeed whether you have money or not.

On the other hand if you do have money than the process will go a lot faster. You can pay others to do some of the work that in turn would give you more time to promote and develop more products.

It's in the belief!

Originally Posted by Rory Singh

I don't agree - it does take money to make money because a person can just go out and get a job. But they would still need money to get to work, money for clothing and money for food while they are earning.

The people above may have come 'penniless' but they had to find the means to make money and they did.

I think what you are trying to say is that people don't have to let the fact of not having the funds (right now) stop them.

Then that is just a stupid excuse.

When I first got started in this industry, I was in debt but had to find $2,000 to start up.

And I did.

I borrowed the funds!

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11 years ago

I believe it does take money to make money but that is definitely not the first step. The idea is what gets the ball rolling. Then you need the plan. Money can help with carrying out the plan but regardless of the situtaion the money is Always there. You may not possess it but there is plenty of it in abundance.

I might get flamed for this but contrary to popular belief TIME is NOT MONEY! TIME is...Well Umm, TIME.
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11 years ago

Good positive post! In the end it comes down to mindset. Having the drive and determination to grab a bad situation by the scruff of the neck and make it do what you want takes a right frame of mind. Pick yourself up, dust yourself off, learn from your mistakes and try again...oh and stop complaining will get you a long way.

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11 years ago

You can make money without money, money will just speed the process up if you invest it right.

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11 years ago

A credit card or a load can give you the big push in Internet Marketing and become successful.

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11 years ago

Originally Posted by svetod

A credit card or a load can give you the big push in Internet Marketing and become successful.

Yep, success it's guaranteed. Just own a credit card and have a little cash handy, and you will definitely become successful.:rolleyes: Better yet, if you don't have the cash handy, just go to the bank and get a big loan for your adwords campaigns to prevent from going deeper in debt.:rolleyes:
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11 years ago

No I do not agree with this statement but I do think it is easier when you have some money to invest. If you don't you have to grind and do the work so you can start making the money. I could think of many multimillionaires and billionaires that did not have any money and they have made it big. I think the biggest thing is your mindset. If you believe in what you are doing you will make it happen.

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11 years ago

Well: I actually do agree with the statement. I believe you need to have at least a little bit of money anyway. It's certainly true that even if you have plenty of money to invest into a new business venture (like an online business) your success is not given. So your core idea or your Unique Selling Proposition is or should be the one point that get's you over the line. But then again: money certainly helps to succeed faster - if you know where you want to go and what you want to do. A great discussion!

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11 years ago

I absolutely agree! Money can speed the process, but success comes from belief and having the right mindset.

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11 years ago

Given that time is money - yes!

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11 years ago

It takes money to get knowledge and knowledge to make money. If you have knowledge you'll figure out a way to make money without spending a dime.

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11 years ago

If you would let me put a $ value on my time, then I guess I firmly believe in
"It Takes Money to Make Money"...

Cheers
HonestIM

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11 years ago

There is always a dollar value to your time. If you hold a job that value is what you get paid per hour. If you own a business it's the profits you earn from your business, which demands you to invest your time and money.

So there is a value to your time..

Originally Posted by honestim

If you would let me put a $ value on my time, then I guess I firmly believe in
"It Takes Money to Make Money"...

Cheers
HonestIM

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11 years ago

Originally Posted by scortillion

There is always a dollar value to your time. If you hold a job that value is what you get paid per hour. If you own a business it's the profits you earn from your business, which demands you to invest your time and money.

So there is a value to your time..

On a side note, it would be really nice if time were tax deductible. lol.

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11 years ago

LOL... That would be nice. A lot of us would sure be getting a refund check every year instead of paying... Loved your post, gave me a nice chuckle for the day...

Originally Posted by Lynn Terry

On a side note, it would be really nice if time were tax deductible. lol.
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11 years ago

Or is it; "It takes your money to make someone else money".

Yes, thankfully it does take money to make money, that is a great thing if you know where to put your money.

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11 years ago

Money in motion creates more money so I would yes it does

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11 years ago

I think it takes assets to make money. Assets may be monetary or otherwise. Having some seed cash really helps though!
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11 years ago

I think starting with a bit of money makes it easier to start a new venture than with no money.

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11 years ago

I freeking agree!

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Sweet dreams are made of this, who am I to disagree?

11 years ago

I think that making money needs, first of all, a significant investment. You cannot create a successful business without a proper investment, so you have to spend some money to make more money.

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11 years ago

I agree that having money to start with can give you an advantage, in that you are able to invest those resources and possibly get a headstart on your journey, but there are certainly enough examples of people who started with nothing, and went on to achieve great things.

So it's definitely possible to "start from scratch" and still be hugely successful, if you have the right mindset, and are willing work and to do what you need to do to get the resources that you require.

In fact sometimes I think the people who start with nothing are the ones who really do great things, because they are hungrier, and they are strengthened by having to overcome more adversity.

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11 years ago

well said. need to be always reminded that not everything needs money to make money.
it is the hard word and dedication, unwillingness to give up no matter what and sticking to it like a leech.

thank you.

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11 years ago

I fully agree with you. If you have money you can make money faster...but if you don´t have them you don´t have a second base, you must succeed. When you lack of plan B you will find a way to get to second base. This is my side of the coin. Thanks for great post.

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11 years ago

You do not NEED money to make money. Of course, it would help you get to your goal faster and more efficiently. However there are many many people who started out with nothing, only to make the most of what they had and become successful and wealthy.

There are 2 types of assets we have in life: Time and Money. If you don't have one of them, then you most certainly have the other. Those who had nothing to start with, only to become wealthy in the future, spent their time productively with ideas and took action.

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11 years ago

You can make quick money with money.. Without money to make money it takes lots of time & work..

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11 years ago

Having access to start-up capital when you don’t need it can actually stunt your growth. What is intended to help can turn out to be quite harmful. For instance, you can burn through cash unnecessarily, buying products and services that you could otherwise figure out how to obtain free of charge. That money could be used to purchase more important things

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11 years ago

so true. You make and earn money as you go. Beleive in yourself and Never give up!

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11 years ago

I don't think you need a lot of money to get started either. It does help if you have a lot of money, this way you can out source your work and be able to get a faster jump on things.

The way I see it, is if you don't have the money then you are forced to do the grunt work yourself, which makes you learn every aspect of your business.
A lot of people started with nothing and became something, and one of the main reasons is because they know their business inside and out which leaves no room for error.

Plus you feel more gratitude knowing you went from nothing to something as well.

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11 years ago

I agree with you that A LOT of the famous affluent people in our history had nothing and eventually made their fortunes, BUT once they have something, the use of LEVERAGE has definitely taken them to the amounts they eventually made. They may have started something great with nothing but it was the leverage that took their success to new levels within a shorter amount of time.

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11 years ago

I'm so glad to read this - I don't have much money yet but I will make it big very soon....on the right path at last. I love these mindset pages as they really help me to get my head in the right place for success. Thank you so much.

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11 years ago

"Gotta have money to make money" is a lame excuse. Not only that but it's wrong. If your investment or business makes sense, money finds you....

~ Robert Kiyosaki ~

Would recommend you to follow him on Facebook...

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11 years ago

There are rare exceptions, but yes, it takes money to make REAL money.

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11 years ago

Great advice. I don't think it takes a lot to get started but just a little bit because once you make a little you can re-invest it back into your business to grow it.
Thank you for sharing

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Ray Erdmann

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11 years ago

Not sure how I missed this thread, but now that I've seen it, I'll share my opinions...

Opinion #1: Personally, I've seen first hand that it does NOT require money to make money, so in regards to the main topic of this thread, my answer is NO.

Opinion #2: I do NOT think it takes "Money" to gain knowledge..but rather TIME!

Opinion #3: Having money "could" make things easier!

I would like to thank the OP (scortillion) for coming back to this thread and keeping the conversation going!
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11 years ago

I disagree bud, to be rich you need money
Don't you think the millionaires you mention in your OP did not use money to get there now?

Let me re-phrase that.
"You dont need money to start but you need the money to become rich"
YOu can start with nothing and turn it into $10 (money), use your skills again to get $1000 (money). Then use your skills + $1000 you earned to expand your business and earn $10k. Us that $10 to hire employees to expand further (you need to pay them thus using money again. Again you used money. But you did start from nothing.

So final words. start with nothing but learn how to handle your money to become rich

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11 years ago

What you stated was the whole point of this piece. It wasn't saying you don't need money to become rich, it's saying you don't need money to make money.

Most people make money every single day without using money; they work at a job and trade their labor for money. Therefor you do NOT need money to make money.

BUT! to become rich you need to take the money you make and reinvest it. That's common sense, that's business, that's investment.

The rich become richer because they know how to handle their money, how to invest it and how to cut their losses and run. But most people got started without any money and therefor you do NOT need money to make money; but once you have the money you need to know/learn how to invest it and make it grow to become rich.

Originally Posted by flipfl0p

I disagree bud, to be rich you need money
Don't you think the millionaires you mention in your OP did not use money to get there now?

Let me re-phrase that.
"You dont need money to start but you need the money to become rich"
YOu can start with nothing and turn it into $10 (money), use your skills again to get $1000 (money). Then use your skills + $1000 you earned to expand your business and earn $10k. Us that $10 to hire employees to expand further (you need to pay them thus using money again. Again you used money. But you did start from nothing.

So final words. start with nothing but learn how to handle your money to become rich

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11 years ago

I believe it takes the right Mindset to make money, without the right Mindset it is impossible to succeed in any are of ones life.

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11 years ago

Having money definitely speeds up the process and kind of make things work faster, but it is definitely not a REQUIREMENT to make money. Time and time again we hear stories of people who started with NOTHING who make it, and boy do they make it big!

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11 years ago

It doesn't take RESOURCES, it takes RESOURCEFULNESS.

I currently work for a guy who has created one great business after another, employs several people full-time in the community, and gives greatly to worthy causes. He didn't inherit a dime from anybody; he earned it all along the way.

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11 years ago

Having Money allows you to get to where you need quicker, though you may not get the hands on experience needed to understand how things are done on the ground level.

Money also allows you to run a business until you get it right, just look at the Silicon Valley Companies, who have zero to little earnings yet they have a team to pivot and push new ideas.

However those that start with nothing learn to quickly become resourceful and find creative ways to compete, which is a skill that Money cannot buy!

Lastly having limited finances or none, limits you to only starting up/working in certain industries, unless you can get funding or have a crazy plan to sneak in through the back or side doors undetected.

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11 years ago

My first million was definitely the toughest. In the internet world, so much ink has been spilled on the billionaire dropouts. They weren't mavericks doing it alone. They almost were ALL venture backed. Almost every single one. Don't be a maverick lone wolf. It's just media hype. Find mentors, angel investors, venture funds, strategic joint ventures w/ established companies. Network.

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11 years ago

I agree that you shouldn't go it alone. Starting off by yourself is where most people start, but as you start making money online you need to find a mentor or partner. Find out what you do best and where you need help, then look for someone that you can help and that can help you.

But be careful, I have come across far too many people that are out for your money and provide very little help or good advice. Look for a win/win.

Originally Posted by NewParadigm

My first million was definitely the toughest. In the internet world, so much ink has been spilled on the billionaire dropouts. They weren't mavericks doing it alone. They almost were ALL venture backed. Almost every single one. Don't be a maverick lone wolf. It's just media hype. Find mentors, angel investors, venture funds, strategic joint ventures w/ established companies. Network.

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Underxman

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11 years ago

It always takes money to make money....how much it takes varies.
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11 years ago

Money is not necessary if you have brains. But having money makes life much easier.

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11 years ago

Not always but yu need it to expand your biz.

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11 years ago

If you spend money its sometimes easier to do things. But its definitely possible to make money without spending something. I'm doing it without a budget.

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11 years ago

It takes money to make money." One could use this idea to keep themselves poor, reasoning that they can never afford to become wealthier than they are now. I would prefer that this not happen to you. So let me suggest a different wording that may be more profitable."It takes SOME money to make MORE money."
And very importantly,

"You can create SOME money out of nothing."

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JakeRhodes

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11 years ago

It takes time properly invested to make money. Having money certainly helps and speeds up the process though.
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11 years ago

I think at some point we all use money to make money. The difference is that we do that in difference scale. Some people are gambler and some people are called investor.
Time is also considered money.

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11 years ago

I think its all about getting success. Its your responsibility to be a succesfull and wealthy person. Money doesnt matter much. If you think "Money is needed for me to be wealthy" , Thats "poverty mindset" and you wont go too far.

On the other hand, if you think "Money is important but it cant hold me back" , Thats where millionaires are created.

Money can definitely speed up your success rate.

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11 years ago

Success is a mindset and money is just a tool to get and do what you want. If you get too hung up on the money life will pass you by and you'll end up looking back and wondering where the time went.

The reason for money is to buy what you want, improve your style of living, and to give those you love security in life.

But happiness is in you, you just have to look for it and let it happen.

But money does help. Personally I'd rather be happy and rich than happy and poor.

Originally Posted by RestlessBlaze

I think its all about getting success. Its your responsibility to be a succesfull and wealthy person. Money doesnt matter much. If you think "Money is needed for me to be wealthy" , Thats "poverty mindset" and you wont go too far.

On the other hand, if you think "Money is important but it cant hold me back" , Thats where millionaires are created.

Money can definitely speed up your success rate.

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11 years ago

In general I dont think so, but to be an affiliate marketer I do think so. Theres nit much you can do to make money online without spending money. Maybe you can freelance to get started, but to do anything significant you need money for marketing, even seo takes money. I went back to my oilfield job for that reas. Ive got a funnel and a traffic source that converts profitably, I just need a big marketing budget to get it going

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11 years ago

I love the feedback Joseph, but I kind of feel like you're yelling at us using that big font

There are a lot of SEO methods you can use that don't cost money.

Originally Posted by josephwilson86

In general I dont think so, but to be an affiliate marketer I do think so. Theres nit much you can do to make money online without spending money. Maybe you can freelance to get started, but to do anything significant you need money for marketing, even seo takes money. I went back to my oilfield job for that reas. Ive got a funnel and a traffic source that converts profitably, I just need a big marketing budget to get it going

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11 years ago

I love the feedback Joseph, but I kind of feel like you're yelling at us using that big font

There are a lot of SEO methods you can use that don't cost money.

Originally Posted by josephwilson86

In general I dont think so, but to be an affiliate marketer I do think so. Theres nit much you can do to make money online without spending money. Maybe you can freelance to get started, but to do anything significant you need money for marketing, even seo takes money. I went back to my oilfield job for that reas. Ive got a funnel and a traffic source that converts profitably, I just need a big marketing budget to get it going

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11 years ago

I agree that you don't need money to make money. It might take a little longer, is all. And it takes self-discipline to reinvest the money you make back into your business so it can continue growing.

I think it takes even more drive, desire and determination for someone without money to make it to "rich" standards. Say someone with a lot of money invests in something they hope will make them more money and it fails, they've still got money in reserves to re-invest in something else.

But when someone starts out with nothing or very little and works hard to get where they want to be and then fails for whatever reason, it takes a lot of guts and determination to pick themselves back up and start over. It can be very discouraging. Yet they can still make it, if like you said, Scortillian, they don't give up, but rather pick up the pieces and continue back on the road to their goal.

Nice post. Good encouragement to those of us with little money but big determination.

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11 years ago

Money can help but it Mindset, Desire, Motivation and Imagination are more important. With those traits you'll find away to create money out of nothing!
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11 years ago

I love the feedback Joseph, but I kind of feel like you're yelling at us using that big font

There are a lot of SEO methods you can use that don't cost money.

Originally Posted by josephwilson86

In general I dont think so, but to be an affiliate marketer I do think so. Theres nit much you can do to make money online without spending money. Maybe you can freelance to get started, but to do anything significant you need money for marketing, even seo takes money. I went back to my oilfield job for that reas. Ive got a funnel and a traffic source that converts profitably, I just need a big marketing budget to get it going

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11 years ago

wow it make sense... probably! jimmy

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11 years ago

I think it takes assets to make money.

Assets may be monetary or otherwise.

Having some seed cash really helps though!

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11 years ago

Money can help accelerate the process of making money if you have a good plan. Good point!

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11 years ago

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11 years ago

YES! Very good point. Many billionaires are now rich because they received money from investors. If your idea is sound and you work at it, you can get the money you need from other sources!

Originally Posted by barriegee

It often takes money to make money,but that money does not have to be yours.If you have that burning desire people may well invest in you.There appears to be a trend that in some financial assistance areas like venture capitalists I believe that they more often slightly invest in the person than the idea.They invest if the person has this desire and persistence and the idea seems ok.Whereas a great idea without these 2 traits will not be backed by some venture capitalists but there are others that may help you if the idea is that good.

Life is not black and white.You may for example have an idea for a really expensive business.But because you put some cheap prototype together and shown it to someone you get the funding.

However it is not usually the case you do it all on your own without outside help.By the time you get there ,it will be time to throw you in the pit.

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11 years ago

I definitely do not agree!! I became a millionaire from being a homeless mom with just $36 dollars in a checking acct. in 18 months investing in R.E....using OPM....Years ago......I am starting all over again....now, since a divorce....

With my most recent success with FBA, I am doing very well and I started with OPM, other people's money, and OPP, other people products, to get to the next level...I will be teaching some of these strategies in my soon to be released courses Fortune By Azon and Trending Azon Profits......

I really know it is about having a millionaire mindset....I had to have that in place to get to the next level....We think differently and do differently....We really understand that wealth is available to anyone and everyone...we live in an abundant Universe.......

Like today, it is X-mas and I am snuggled with my kids and a warm house happily watching Disney movies...I want for nothing because I am filled with sooo much love....now, that is priceless and money can't buy it.....

Happy Holidays Warrior Family and Friends....

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11 years ago

Thank you for sharing! I love stories like this because it shows you do NOT need money to get started. Far too many people whine and complain that they cannot make any money because the don't have any to get started.

That's just an excuse to make them feel better about not trying and to blame others. It's a lot easier to complain about the rich having too much and that they should just give it to you instead of working for it.

Have a very Merry Christmas and God Bless you.

Originally Posted by Elon Bomani

I definitely do not agree!! I became a millionaire from being a homeless mom with just $36 dollars in a checking acct. in 18 months investing in R.E....using OPM....Years ago......I am starting all over again....now, since a divorce....

With my most recent success with FBA, I am doing very well and I started with OPM, other people's money, and OPP, other people products, to get to the next level...I will be teaching some of these strategies in my soon to be released courses Fortune By Azon and Trending Azon Profits......

I really know it is about having a millionaire mindset....I had to have that in place to get to the next level....We think differently and do differently....We really understand that wealth is available to anyone and everyone...we live in an abundant Universe.......

Like today, it is X-mas and I am snuggled with my kids and a warm house happily watching Disney movies...I want for nothing because I am filled with sooo much love....now, that is priceless and money can't buy it.....

Happy Holidays Warrior Family and Friends....

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11 years ago

Hi Elon Bomani,

Love you sharing very, very much.

Fantastic story.

I really do hope that quite a number of
internet newbies to this forum have had
a chance to read your post.

Let me ask you, have you written and produced
a course or a manual or a blueprint on your
financial journey to recovery, twice in a row?

That would make for a tremendous benefit to
the new comers to this forum.

Nonetheless, I am excited for you. And, well
done on your twice success.

Keep up the good work. All the very, very best.

Alodieanne

Originally Posted by Elon Bomani

I definitely do not agree!! I became a millionaire from being a homeless mom with just $36 dollars in a checking acct. in 18 months investing in R.E....using OPM....Years ago......I am starting all over again....now, since a divorce....

With my most recent success with FBA, I am doing very well and I started with OPM, other people's money, and OPP, other people products, to get to the next level...I will be teaching some of these strategies in my soon to be released courses Fortune By Azon and Trending Azon Profits......

I really know it is about having a millionaire mindset....I had to have that in place to get to the next level....We think differently and do differently....We really understand that wealth is available to anyone and everyone...we live in an abundant Universe.......

Like today, it is X-mas and I am snuggled with my kids and a warm house happily watching Disney movies...I want for nothing because I am filled with sooo much love....now, that is priceless and money can't buy it.....

Happy Holidays Warrior Family and Friends....

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11 years ago

Yes you need money, but you also need to know how to use the money!

In my experience you have to invest time to learn how it works(whatever it might be) and maybe invest only a little money.

Once you know what to do and how to do it, it takes money to grow your business for sure and you should reinvest some of your earnings in the right place.

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11 years ago

Hello Scortillion,

Thank you for raising such an interesting point.

Personally, I would answer the question with a "yes" and a "no."

I say, "yes," if one is thinking solely of an online business. It seems no
matter how hard one tries to avoid the issue of start-up money for an
online business, one always has to come around to the concern of
needing money to get at least the computer equipment to actually
start that business.

But then again, someone might argue that if one wants to start an
online business, badly enough, but does not have access to a
computer at home, he or she could be responsible enough and
go find a public library to use.

I think I read somewhere that many online businesses had their
start up from right there on a computer in a public library. So, there
can be no excuse there at all.

And this brings me to my next point, "no," if the business he or she wants
to start is offline. There is not enough time and space in this post to high-
light the many ways that someone could start a business offline without
any money at all.

What I do like about life right now, especially in this technological arena,
is that everybody is being giving chance right now. As the saying goes,
the playing field has been leveled." No one has any excuse any more.

And that means, it does not matter where someone live4s in the world
right now, because of the technology phenomenon, he or she is being
given the same opportunity as people in the United States, or, in any
of the other over-developed (economically) countries across the globe.

I like that.

I discovered recently, that most of the young, wealthy entrepreneurs
might not be from any of the great economic countries.

How is that for another interesting discussions? :-))

Scortillion, great point. Thanks. It sure made me think a little deeper
about that issue.

Alodie

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11 years ago

I believe that you not have to have money to get money; for example, I use my brain and wrote a book and got money by selling it. People can do the same thing if they can think of an idea, and man is a creative being.

Now having money can produce more capitol; however, when you do not have money, your inner thought pattern kicks in to profit a great idea that results in income.

This is my opinion, but I believe is also fact.

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11 years ago

The great thing about the internet is it leveled the playing field for everyone. Before the internet if you wanted to start your own business you either needed a large sum of money to get started, or put a lot of physical work into starting a business (i.e. cutting grass, home repair, handyman, etc.)

But with the creation of the internet all you need is a good idea, and the ability to read, study, research, and write. If you can do these things, even poorly, you can make money online. But if you cannot do any of these you can still make money online promoting other people’s products as an affiliate.

Once you begin making money you can begin to outsource some of your work so you have more time promoting more affiliate products. When you make even more money you increase the amount of outsourcing you do, until you can outsource just about all of your business.

Remember, your goal is to own a business, not a job. What’s the difference? When you own a business you can go on vacation for a week, two weeks, a month and the business still keeps on running and making you money. When you own a job you cannot go on vacation without the business grinding to a complete halt; when you’re not at the business the business does not earn money; and if that’s the case then you own a job and not a business.

You can start with nothing, but the key to success is the reinvest your earnings until your online business is running on full autopilot and only needs an occasional review.

Originally Posted by alodie

Hello Scortillion,

Thank you for raising such an interesting point.

Personally, I would answer the question with a "yes" and a "no."

I say, "yes," if one is thinking solely of an online business. It seems no
matter how hard one tries to avoid the issue of start-up money for an
online business, one always has to come around to the concern of
needing money to get at least the computer equipment to actually
start that business...

And this brings me to my next point, "no," if the business he or she wants
to start is offline. There is not enough time and space in this post to high-
light the many ways that someone could start a business offline without
any money at all...

And that means, it does not matter where someone lives in the world
right now, because of the technology phenomenon, he or she is being
given the same opportunity as people in the United States, or, in any
of the other over-developed (economically) countries across the globe.

I like that.

I discovered recently, that most of the young, wealthy entrepreneurs
might not be from any of the great economic countries....

Originally Posted by sminor

I believe that you not have to have money to get money; for example, I use my brain and wrote a book and got money by selling it. People can do the same thing if they can think of an idea, and man is a creative being.

Now having money can produce more capitol; however, when you do not have money, your inner thought pattern kicks in to profit a great idea that results in income.

This is my opinion, but I believe is also fact.

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11 years ago

It definitely helps no doubt. But with the internet we can now create our own assets at a low initial cost.

Its definitely not easy and would be easier if we hired people. But its easier than opening a brick & mortar.

Any time I think I should get a traditional job I read this 10 Reasons You Should Never Get a Job

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11 years ago

Yes, I most definitely agree. With money you can use the proper advertising to reach a large scale of people.

Free methods of advertising are great when you have little to NO budget at all. But as soon as the money starts rolling in... it's time to SCALE UP. And the quickest way to scale up is with cash!

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11 years ago

Money, knowledge, actions and true efforts will make you money.

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11 years ago

If you can't make money without money, then why should you be able to make money with money?

I think you have to be able to make some money without it, but when you raise money you'll be able to do things quicker and on a larger scale, so you'll make more money faster.

But you have to have the proper advertising in place, follow up system and back end. No matter what industry you are in the lifetime value of your customer is the most important. Except in like real estate and huge transaction industries.

You also have to become the kind of person money flows easily to. You have to behave in a way that attracts money, that means watching TV and funny videos 5 hours a day is not going to attract much money. But everything has to be in moderation.

Very good thread and a lot of interesting insights from people here on the forum.

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11 years ago

Yes it takes money to make money, but first, it
takes the WILL to succeed, and the proper mental
attitudes that would allow one to follow through
with action.

Does it take money to make money? yes.
But does it have to be your money? no.

The thing that I love about being a entrepreneur,
is that I have an almost unlimited ability to
go out and do what I want, with the resources that
I have.

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11 years ago

You need money to make "fast" money, but you don't need money to make slow money.

If you have the work ethic and the perseverance, you can start your business without spending a cent, but once you start making some money it would only make sense to use that money to outsource some things and speed up the process.

And like others have said, you can get money from others.

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[Affordable Coaching] How To Make Money Online Doing What You Love

11 years ago

Determination makes money. Having money to make more money helps but can't increase your wallet by a cent without the former.

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11 years ago

If you don't agree ,you're wrong.
Money acts like an extra hand and you need money,period.

Live your dreams,
Ean

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11 years ago

Let me change it to "you need money to make money IF YOU WANT TO MAKE IT FAST"

While there are some people who managed to make it by making money without any investment.. I'm pretty sure they have encountered their own setbacks and have spent money or time along the way. In the end, you still need to fail to learn the art of success.

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11 years ago

You know, there's ONE SKILL that can help you make a ton of money even if you're broke. It's the only skill I know of that can do that...

Ironically, it's also one of the least popular forums on this site:

Copywriting

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See My Copywriting Portfolio and Testimonials

11 years ago

It takes money to make money?

i believe it takes a business idea (lucrative) then followed by a business plan to take advantage of that idea.Money is a tool to finance that business working by that plan.So its a feasible/viable business idea that aim to provide value to the market place that 'makes' money

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11 years ago

It takes hard work and creativity, You don't have to have money in the beginning but if you want to make your business big you have to spend some money to make more money.

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Hooked To Success -Personal development For People Who Wants Success.

11 years ago

i totally disagree that it takes money to make money. it takes an idea to make money. when you have an idea, people will sponsor it. it will attract the necessary money to it. wealthy people love to sponsor idea. that is why the rich gets richer and the poor gets poorer. the rich go for ideas the poor go for money.

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I discovered sources that are viral, on autopilot and cheap.
And guess what? It saves me time!

11 years ago

Article Inspiring. Everything you need in your life - is your mind+actions.

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11 years ago

Whoever said it takes money to make money was someone trying to justify why they’re broke. It does not take money to make money.

The truth is, if you can’t make money without money, you can’t make money with money!

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1 reply

sera27

sera27

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10 years ago

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11 years ago

I agree with you. It takes much more than money to start something great, to make money.

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8 years ago

All I need is an idea, a provisional patent, and someone that will take my phone call. Where did i hear that before it's stuck in my brain!

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8 years ago

It's true to a degree. Because though it is important to have money to make more money, what's even more important is just giving VALUE in general. Because you can make money for free as well.

It's the value that you put in.

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8 years ago

I think it takes hard work, perseverance, & dedication to initially make money. I don't believe that just because you're wealthy that wealth can be easily duplicated with no effort.

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8 years ago

In any field, there are 2 ways, an easy way and a hard way.
In money making field, to use money to make money is an easy way, and to start with nothing to make money is a hard way.
I think so.

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It Takes Money to Make Money? Do YOU Agree?

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