Pagerank or Traffic

If you are making money from internet which one is more important for you pagerank or traffic? It is good if you can get good pagerank and good traffic but how if you just start create website or blogging? Which is more important? Pagerank or traffic?

Create Good Content or Promote

Which one is important create good and valuable content for your site or promote your site in right place? Some people maybe say that your just looking for article from article engine and submit into your blog and pay more attention on promote. Some of them will suggest you create more valuable content then promote.