u think its safe to quit a job with a list of 27,000

You tell us.

If you're making enough money per month to cover your bills, then evaluate the challenges and make the decision one way or the other.

Only you can answer this question, but congrats on making a goal that 95%+ of Warriors never achieve. You should be proud of it.

Quit your job than your doubt will gone. Life goes on. I've done it before.

What is good income? For me to quit my job I need to be making more than $2200 per month, which would be more than my current position with my company--and its not something I have been able to consistently do 12 months out of the year.

Thats a before tax figure mind you.

So YOU are the only one who can determine how much is enough.

You also need to think about business expenses and your 1099 taxes, which in my opinion, if you are a sole proprietor in the United States are absolutely brutal. Especially if you make any sizable amount of income.

To just quit your job is foolish in my opinion. You need to plan out your immediate future if you want to do that. If you don't you are making it easier for you to fail and harder for your to succeed.

If you would like to quit your job and your income can pay for it than by all means do it. Will you miss the people you interact with? Will you love not having to deal with a job? I don't know what kind of person you are.

Short answer, given just these facts...no way

Only you can determine this.

There is no magical amount of subscribers you need in order to quit your job.

If you can take a chance right now, I guess that is up to you.

This is the place to ask advice like this.

Jake Gray

We really can't answer this for you. If your list is making you enough money to cover your life expenses, then it's worth considering.

No I don't.

When I made the decision to quit my job, it was based on the only metric that matters -- how much money I was earning online.

My online income was 50% higher than my on-the-job income and it had been steady for more than one year.

If my income would have simply matched my bills with a few dollars left over at the end of each month, that would have been enough on the income standpoint.

The more important calculation for me was that my income had been steady for more than one year.

So if we say - 'yes, quit your job' - everything will be ok?

Quit, and the subsequent fear will motivate you like nothing else. If you've made it this far you have proved you can be effective, have faith and live your dream!

yes anyone can live your dream.

But at the end of the day you have bills, a mortgage to pay.

If your IM efforts can cover that, then you are on a winner.

I did not quit my job until I could cover my bills, and plus have a bit of extra sitting in the old account.

There's just not enough information to give you sound advice.

I would be wary of quitting a job that was good if my income was not at a place where I could pay all my bills and have plenty left over every month. In fact, I'd say you have to come up with a time such as 3 months, 6 months or a year. This is the time you could go without getting any income and still survive and pay the bills. If you have enough money right now for say, 6 months, if that's the amount of time you decide on, then perhaps you could quit and keep working on the business and make it grow.

But just be careful and decide with a lot of planning and evaluation of all your options.

Bank your paycheques from your job for 1 year, and see if you do not need them. If so, then you should be able to answer your own question. At the same time, you have saved up enough money for an emergency fund, vacation, or pay down your mortgage (if you have one), buy a new car, put it into your 401K or RRSP, or invest it. Regardless, it is a win win situation for you. The best gratification, is delayed gratification.

For anyone who really quit their job after earning a good income online? Where do you buy your health & dental insurances? How much do you pay per month?

I would say before you quit your job have a plan were you can use those extra hours most effectively so it is worth quitting your job.

If it is a job at Mcdonald's I would quit it if I woke up grumpy.

If you are making $500,000 a year I would be a bit more careful before I quit.

You can always flip a coin.

I would assume that if you are asking then you probably already know its time. Don't forget, there is nothing like sticking your avocados in the fire to make you move.

Cheers,
Colin Palfrey

Depends...

Are you single w/ no children or are you married & have a family that depends on you financially?

How much do you have put away in an emergency fund?.... or, based on your current savings cushion, how many months can you survive w/o any income?

Imo, more than just the size of the list needs to be considered.

Fear is a terrible motivator. If it was a good motivator, Saddam Hussein might still be alive and the Third Reich may have had a longer run.

People are not motivated out of fear.

They are motivated out of desire, wants and needs.

For example, I am not motivated by the fear of having to get a job.

I am motivated by the desire not to have to have a job.

I'd say if you have to ask, then your list is probably not that responsive. Therefore you may have decent income but you are worried it's not enough to cover everything.

To be absolutely sure you would want an active responsive list. That way you KNOW when you send out an email you are going to get several hundred buyers and you could have a 10K day.

Again I'd say if you're asking, it may not be the best time to quit yet.

That's for you to figure out yourself.
Even if it's your list, if you don't do anything and you quit your job. That's not going to help.

On the other hand, if that list is bringing you equal or more than the income you're getting from your day job. Then quit. This should be a question you ask yourself.

Good luck!

First off, is your job in some way hindering your performance?
Will getting rid of the job allow you to dramatically increase your income or just allow you to sit in the sun?
I would make sure your clearing your requirements by a good amount before bailing, IM is not exactly known for stability.
Is your job hard to replace?

These are the types of questions I would ask myself, and unfortunately only you can answer.

I think it's ok to quit at this point.. but if you're still feeling uneasy.. why not set up another stream of income just to be sure? You could go into Amazon, Adsense, clickbank etc.. combined with your list income.. you should be good to go.

Like many have said here, only you can actually figure this out.

Some very important points to consider though (which I would consider myself if I were at that crossroads) are:

- How much $$$ does that list actually make you per month?

- Is it actually sustainable, meaning, is it something that has kept bringing in the bacon for over 6 months or even better almost a year?

- You mentioned you have a way to replace subscribers. Wouldn't this also be a way to CONTINUE growing your list?

- Do you have (very important in my eyes) saved up enough money in case everything goes downhill? Not negative thinking but it should be very important to have some type of backup funds or a backup strategy at least.

- Why do you want to quit your job? You don't like it? Are you underpaid? To further grow your online business? Just because it would be the "cool" thing to do? Really think about this one because if it's a good job, I would definitely do what some mentioned before and keep it for another year, making sure to put all the earnings into a savings account.

Imo, this would be the BEST course of action. Keep your job but try to act like the money it brings you is untouchable, therefore, try to rely only on your online business. See if you can do so for half a year to a year (in the mean time saving up as suggested above).

Besides the money part their is also the social side of having a job. You won't be required to get up early and may become lazy. You will have less interaction with people and won't meet new faces and think of the Christmas parties etc

Only you can take that decision. However, I would suggest you keep your job a full year more and than you'll be in a much better position to take such decision. Do you like your job... Do you hate it? There are other factors to consider.

All in all, keep your job cause 27,000 subs isn't such a big deal...

Getting a list of that size is by no means a guarantee of future income. How responsive is your list? What niche? How is your relationship to them? How often do you send them free material? How often do you promote products to them?

Lists can become jaded and unresponsive over time if you aren't taking care of them. I've mailed out to lists with 200,000 "targeted" subscribers and had less than .01 CTR.

I know successful IMers with lists about that big or way larger that RELY on JV's to promote their products because their list wont even open their emails anymore.

I would definitely say no to quitting your job. If you rely on your list for primary income, then you will start sending them way too many offers when times get tight and they will lose interest in what you have to offer.

That being said, if you offer good, frequent content that is useful to your list, you constantly progress in your methods and continue to grow your subscribers, then there is still a lot of future income to be had from product creation and promoting worthy offers.

A high volume, high quality list can be a powerful, valuable asset, and is one of the quickest ways to make a nice chunk of change on demand by sending out an email...

But I just know too many people who were making a killing with their one "big" list, then they got lazy, sent waaay too many crap offers without any real content, and now their list has wizened up from being sucked dry.

Anyway, "the list" is always an amazing asset to have, but like anything online, it's really important to diversify your income. If you ARE going to rely on your list, just make sure you treat it like gold and do everything in your power to keep them happy, interested and responsive.

<3 Abby

Yes....



No....

This is not the place to be asking such a personal question. Some will say yes, others will say no. Some have succeeded, some have yet to accomplish the life style.
What you should do is well, entirely up to you.
Don't go by people giving you a short 1 line answer, especially as no one here (general assumption) knows you personally.
From the short description you provided, it seems as if you have already made up your mind and are either looking to brag, or you need reassurance. Either one, you are not ready, im my opinion.
Sit down with your accountant, discuss with him what you want to achive vs. what you are earning from your job +/or your online business. He will be able to give you the best answer, not a forum member.

Isn't this the day that you have been waiting for since you learned about "Making Money Online?!" You accomplished your goal and now it is time to receive your reward.

IF you feel Comfortable enough to do it i think you should...but make sure you able to pay all your bill

Want some sound advice? OK, here it goes. Run your business, and try to do your best and improve. Save enough money to cover at LEAST 3 months of expenses. Have at least 3 months of consistantly good(at least about 50% over expenses) income after that and THEN you can THINK about quiting. Hopefully, by the time you fail, if you fail, you will have say 6 months savings to try and ride things out or get another option.

BTW a list of 27,000 is nearly WORTHLESS if they don't kniow you or are out of your demographic. HECK, if it were a BILLION, you could say the same thing. I mean THINK ABOUT IT! I could probably EASILOY get a few billion names. Jsut go in the phone books. I could get a lot of email addresses. SO WHAT?

Some people make a LOT of money with only about 10 names! Some whole enterprises last a LONG time and never hit 1000! Microsoft started effectively with a list of ONE! SIZE is not what matters! The potential of those on the list si what matters. Of course 1000 names worth $10 is worth more than 100 worth $10.

Steve

How can WE possibly give you any advice on whether YOU should quit YOUR job if the only piece of info WE got is that YOU got a 27,000 list? Am I the only one who things the question is totally silly?

Want some good advice? Save up 6 months of bills, then quit.

This is something that you and only you can answer. But consider what some people are saying.
But sometimes you have to take a leap of faith. I did it with a list of less than 2,000. Though my income doesn't rely on that list.

Putting yourself in a position where you are relying on nothing but your internet business pushes you to work in a different way that can't be duplicated in any other scenario.

But don't be stupid, really consider what you are doing (which it sounds like you are)

And live the life you want!