17 replies
Hello All. I guess the best way to start is to tell you all a bit about myself. I currently work as a full time firefighter and, whilst I am blessed to have a job that many people dream of, in reality I'm not satisfied in my current career. I'm not entirely sure what I really want to do but I feel that filmmaking, travel writing or a bit of both could fit the bill. Now, at 41 and with a family to support I'm certainly not about to quit a secure, if not handsomely paid job, to solely pursue careers that:


a) I'm not 100% sure I want to pursue and
b) Even with 100% conviction are extremely difficult to break into


Obviously, it would be crazy to quit my job with such a lack of clarity for the future. However,I really do want to find a new career that I enjoy. Even if it turns out not to be those already mentioned, I at least want to have a vehicle for trying different things until I do find what I'm looking for. A tall order indeed! However, I do think there is a way forward and this is where the advice of you guys would be much appreciated.


Now, I'm extremely fortunate in my current job where I work four days and then have four days off. Clearly, I have plenty of spare time. Before revealing my idea, for simplicity, let's assume I am made of the right stuff, business-wise. A massive variable overlooked, I know, but without this assumption it just overly complicates my questions today. Don't worry, I'll be here asking for more business-specifics later! So here's my idea:


1) Build up a business that makes a robust, reliable income in my spare time.
2) Obviously, this business would need to be very flexible in terms of hours and not being fixed to the one place. Internet Marketing seems to fit the bill nicely for this.
3) Then, once I consider this business solid enough, quit my 'day job'.
4) Hopefully, having laid some good foundations and making everything as 'automatic' as possible, I will have enough finances and some more time to be able to pursue my other career aspirations.


Now, 4) above is where I could really do with the advice. I'm not for a minute suggesting that I can sit back, do nothing and money will continue to flow in from any internet based businesses. However, my main questions are these (again, making the assumption I am made of the right stuff):


1) If I were to work hard for two years, approximately 40 hrs per week, would it be unrealistic to hope that I might build a business capable of making $80k profit per year by the end of this period?
2) At the end of this period, having worked at building in automation as much as possible, do you think it would be possible to cut my hours down to 20 per week and find this enough to maintain and develop my business so that it still achieves this figure?


Is this possible or is my head in the clouds? I'd love to hear from those of you who have managed to give up your day jobs (or are close to it).


Thanks,

Stuart
#career #change
  • Profile picture of the author globalpro
    Hey Stuart,

    Anything is possible and you are in the right place to help make it happen.

    With what you want to do, you definitely figure out where your interests and strengths are, then build on that. Do some research and definitely ask questions. There are a lot of people here that have done what you are wanting to do, so it is possible.

    One thing you do have going for you is the flexibility of time and some finances to back up what you want to do. Use your money wisely and it will go a long way.

    The main thing is to think of what you are doing is starting and growing a real business. Develop a business plan and work it faithfully.

    In other words, go for it.

    Thanks,

    John
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    • Profile picture of the author dynameek
      Hi there,

      Thanks for sharing your thoughts and experience with us. I understand how you feel about the whole career change thing. I just finished a degree in mechatronics engineering (building mechanical & electronics devices & robots) & I've only worked 6 months or so but I've had enough. I'm bored now & looking for something else to try my hands on - I see engineering more as a hobby now after spending 6 years or so doing it. Maybe it's my current job but I'm sure it has to do with my desire to be less dependent on weekly checks.

      The thing is, I agree with what Global pro said & I'll try my hands on that. Look around yourself and ask yourself these questions I just learned from one of the other threads:

      1. What values (knowledge, values, & services) can you provide the general population?

      2. Who will benefit from these values & who will pay for it?

      3. And finally, how do you get the value to them? Getting it to them in the best way posible is where you succeed & make that extra income.

      The particular post on d mentioned thread finished with this quote by Zig Ziglar - "help people get what they want and the'll help you get what you want".

      I found the above useful and feel it might be helpful to you too. And yes, if you follow a good business plan with the right approach, you can surely make more than $80k per year. Some people make that a month and there's no reason why you shouldn't set that as a goal for yourself.

      Anything is possible so never doubt yourself...41 is still a good time to start even though I'm not that old yet. I've heard of successes at a much older age...

      All d best!
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  • Profile picture of the author bigstu22
    Thanks for taking the time to post, guys-it's encouraging. Anyone else?
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  • Profile picture of the author worlok
    I have worked in IT for 15 or so years and am fed up with the outsourcing and all manner of silliness that they make us put up with. The company is closing our office next week and I am getting laid off. I am looking at this as an opportunity to go head first into IM. I actually got a solicitation today from a tech job recruiter but I am wary of even interviewing for fear of not having the time needed to do IM right, but as a responsible person I hate just saying no to possible guaranteed income. I am getting a severence package, unused vacation time pay, and I will qualify for state unemployment benefits. I also just sold my company stock option grants. I mention that to say that I have some money to rely on to pay the mortgage and some bills while I work this, and my wife has a job.

    Anyway, I feel your pain, but hey at least you can work the job and still have 4 days off to work something else.
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  • Profile picture of the author Jo_Shua
    Stuart,

    It certainly is possible to create your business on the side, and once you are able to go full throttle (40 hours a week) do not be surprised to see your income rise exponentially. So, in my mind, you can reach your $80k a year goal within your two year time frame.

    The above tips and pointers given are great!

    - A business plan helps keep you focused and oriented on your goals.
    - Answering the questions dynameek proposed will help you determine your aspirations and what services you might be able to provide which adds value to the client and value to you (money).

    It seems to me that you want to give the freelance writing a try? That would be a great service you can offer right away! No need to wait until you start making money then trying out freelance writing.

    Let me just propose a few different writing services you could offer:

    - Ghost Writing
    - Long Copywriting
    - Short Copywriting
    - Article Writing
    - etc...

    And writing services are not the only services you could offer! There are many needed services, and many individuals willing to pay money for these services. Once again, answering the two questions dynameet proposes will help you in determining a service you could offer.

    Yet, offering services online is not the only way to get started. You mentioned another great money making method: Internet Marketing.

    With IM you have a wide range of money making avenues available ranging from PPC to Bum Marketing, and everything in between. However, if your desire is in writing-as you noted in your post-then why not start there?

    Hope that helps some
    JC
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  • Profile picture of the author Daniel Scott
    Stuart,

    Some people make it in that time frame... some don't.

    I originally started this so I could pursue my music without having to take crappy gigs or be poor like most musicans... and I fell in love with it.

    $80k/year is a fair chunk of change... especially when you're at ground zero right now.

    My advice to you is to do something you love... build a business that helps people... and that has a lot of income potential.

    You're a fireman... you probably know a whole lot about fire safety. Maybe you could create a website that sells information products to prevent fire (or to show what to do in case of fire), recommend smoke detectors etc.

    That's just an idea off of the top of my head... I'm sure you have other experiences you could draw on to provide people with valuable information and resources.

    So yeah, it's definitely possible. Whether or not YOU will do it though, nobody can say. Even with your best efforts you might not make it that quickly... but I think in a couple of years if you work hard you'd probably be able to equal your current income.

    -Dan
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    Always looking for badass direct-response copywriters. PM me if we don't know each other and you're looking for work.

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  • You've received some great advice here and other posters have introduced a fair amount of talking points that should give you inspiration.

    I only say this because I think that it may help reassure you that your two year plan is achievable and *NOT* to brag, but my first $25k month came after about 18 months or so. While a few months since then have dropped below that level, it wasn't many and it wasn't by much. And I've consistently earned 5 figures per month ever since with some months being very good, indeed.

    Now, I don't want to say that I didn't work hard and sacrifice for it - I did. And it wasn't done working 40 hours a week, either. But now that I can look back at the road I came down, I have a lot more confidence in myself and - just as importantly - have learned a very valuable lesson in scaling.

    Online, scaling is easier than its ever been before and you'll find that it is your best friend.

    If you can convince one person to pay you $x for a product, then who's to say you can't scale that to convince 10 people? 100? 1,000?

    Using the principle of scale, let's put your $80k/yr goal into perspective:

    $80,000 per year is $6,666.66 per month.

    Now, using that figure, let's assume that you have determined your business model to be one that pays you $30 per unit sold. Whether that unit sold is your own product or product(s) that you are an affiliate for is really no matter here. We're just playing with the numbers.

    At $30 per unit sold, you'd need to sell 223 units per month to achieve your goal. That's 8 units per day.

    Assuming that your sales medium (website, etc) gets a modest .5% conversion rate, you'd need, on average, 44,600 hits per month (1,487 per day) to that medium in order to meet your goals.

    That may sound like a lot of traffic, but go back to the fact that you have two years to build that traffic up. Well, since you want to be making $80,000 per year right at your two year mark, let's cut it back to one year.

    You can get that kind of traffic to a site with one year of concentrated effort. Trust me, it's not that hard.

    And these numbers can be played with anyway you like.

    For example, what if the product you were offering made you $100 per sale? You'd need only 67 sales per month (about 2 per day) to reach your goals. That means your traffic needs could go down, however you'd have to ensure that your traffic was laser-focused.

    The point is that you're able to reach millions and millions of people that are logging on each and every day looking for SOMETHING. Find enough that are willing to pay for the something that you're offering and you'll meet your goals with ease in that time frame.

    Scalability is a wonderful, wonderful thing.

    -DareDevil
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  • Profile picture of the author elle56
    Nothing wrong with the idea of changing careers. If you love your current job and cannot afford to quit for a career change, why not do both? You've got plenty of time in your hands anyway. Four days off a week is so darn great! Use your free time to put together a business plan for your IM business. Work on it and you'll be on your way to another successful career.
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    • Profile picture of the author Joshua.E1
      You really need a business plan, first you need to hold on to your job for 2 years first.

      2) What is the kind of business that can help you earn income, without you going full time on it, and will the income increase gradually to the same as your current income, and when do you see your part time income overtakes your current job income?

      3) Map out (write out) a time table where you must do to reach that goal. Map out a 90 day plan of executing the plans to your goal.

      4) Revise your 90 days map, to see if there is anything you could have done better. Use the revised 90 day plan for the next 90 days.

      It may look like a time management plan, but that was what I did when I left my job last year Nov 08, to be a full time Internet Marketer.

      It has never been the same again. Hope it helps.
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  • Profile picture of the author Igor Kheifets
    Hey Stuart,

    to tell you the truth I haven't had the patience
    to read your enourmous post, but I do believe that
    anything is possible.

    Pursuing a new career and quitting your day job is
    something that has been done in the past and you are
    certainly capable to do it as well!

    Igor
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  • Profile picture of the author dynameek
    Hi bigstu22,

    I was one of the first people to reply to your thread and I thought I'd check on you to see how you're doing. I hope all what everyone else has added help you a bit. No matter what happens, my advice is you go hard and keep in mind that there's a chance you'll fail. If you do, pick yourself up and do it all over again but in a much smarter way.

    Take care and all the best!
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  • Profile picture of the author la dominatrix
    Originally Posted by bigstu22 View Post


    Is this possible or is my head in the clouds? I'd love to hear from those of you who have managed to give up your day jobs (or are close to it).
    Some people take eight years or more to make any money, and some people do it in days or weeks. It depends on the approach and the niche as well. It depends whether you decide to become an authority in one niche or whether you want a string of blogs or mini sites, or their is review sites, your own product, or an affiliate marketer.

    Whatever method you choose you should be clear about your objectives and have a business plan, and map out where you want to be. One of the hardest aspects of IM is how to get to the next level. However it is achievable and personally I think the greatest assets that you need is persistence do not give up keep ploughing on at one problem at a tiem until you have solved whatever obstacle is in your way to climb up the ladder of sucess.
    La dominatrix
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    • Profile picture of the author bigstu22
      Thanks very much for the encouraging words, everyone. Here's what's now staring me in the face in this thread, and is consistently repeated throughout the whole forum. Making a definite plan, not being afraid of hard work, persistence and focusing on one thing at a time are the attributes needed to succeed.

      From what I can see, everyone in this forum who has applied these principles has ultimately succeeded. The time scale may vary greatly for each individual, but the end result is the same-success, be it small or large.

      Am I going to apply these principles? Absolutely! As long as I keep my feet firmly fixed to the ground and don't expect results overnight, I feel confident for the future. Looking forward to getting started! Thanks again, guys-I'll keep you all posted.
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  • Profile picture of the author dynameek
    Yes, it's true that results may vary depending on the individual. I'd say it took me much longer than most people here to make a reasonable impact.

    Keep that feet firmly fixed to the ground and no one here, after our experiences, will expect results from you overnight. All you gotta do is remember to share when you succeed - your story I mean (and your tricks of course if you think it's unique & might help someone )

    All the best.
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  • Profile picture of the author carlwilson
    Since you already have the plan, and as mention that you only have 4 days work so you have the chance to do what you are planning. In doing so, you will need a lot of help from your family. Good decision that you stay in your current job, even if you, yourself fell that you want other thing to do. It hard to find job now. Take one step at a time, as they say, "slowly but surely". You have the will, I'm sure you will find a way. Good luck
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  • Profile picture of the author bignewbie2
    I know this may be simple but once you have your business plan, accomplish 3 things each day. If you do more, great but if you tackle 3 things to completion each day you will be surprised how much headway you make. If you try to do too much you will just get overwhelmed and lose your way.

    Best wishes
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    bignewbie2

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  • Profile picture of the author Zeus66
    Stuart,

    First of all, thank you very much for being a firefighter. You guys put your lives on the line every time you step into a burning building and it isn't recognized nearly enough. So, thank you.

    As to how to pursue your goals, I think one option since you mentioned travel writing, is to build an info product empire. It's perfect for anyone trying to transition from working FT in a job to working FT from home (or at least, for themselves).

    Let me say one thing about info products. I sincerely believe, from what I've heard from folks who have asked me about it over the last few years, that many who are capable never get started because they fear that what they have to say isn't "deep" enough or "wise" enough. Nonsense! Everyone who has had even a small amount of life experience can write on topics that others want to learn about. Period.

    Accept that as a fundamental fact - because it absolutely is - and the rest of it falls into place.

    There are 2 wonderful aspects of info products that are particularly well suited for someone who has a few days in a row off, as you do. First, most writers get up a head of steam and go like gangbusters for hours on end. Then we'll have a day or two of nothing. I think of it as having 2 speeds: pedal to the floor and in 'park.' So you'd fit right into that mode since you have several days off in a row. Second, the income becomes passive. In other words, you write a good info product, put it out there, and then while you're off saving someone's home, business, or life from fire, you come home and have money in your account from your info products. It's such a great feeling!

    If you go down this road, my other advice is to tightly focus your ebooks. That's another mistake I see a lot. Writers go off on tangents. While it does make for interesting reads a lot of times, all it's really doing for you is sapping you of future ideas. Pick one good topic and stick to it throughout your ebook. Save the offshoot ideas for their own ebook down the line. Then you get longevity and build a true empire of products - all earning you little chunks of money while you're off fighting fires.

    You'll look back in 6 months and realize (hopefully) that you don't have to do the job any more if you don't want to. And you'll have the free time to do lots of travel research, if that's what you choose to write about.

    Just one idea among a bunch of 'em.

    Best of luck to you, and sincerely, thanks for being a firefighter!

    John
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