Does quitting job make sense?

18 replies
I am stuck in a deadend job that pays around $350 per month. Even if I quit and go to some other company or other city, it will be the same kind of work and similar pay.

I have been interested in the IM and related internet biz for a while now. Am ready to invest upto $1000 and work fulltime on my projects. For the first few months I am fine with earning a profit of $350 dollars.

So is this a wise move? I know most people say leaving your fulltime job is foolish. But I am in a developing country where living costs are low. Also, wouldn't the experience gained from doing all this for a few months be valuble for companies doing similar things when I start looking for a job.

What do y'all think?
#job #make #quitting #sense
  • Profile picture of the author theemperor
    Based on the info you gave I'd probably say go for it.

    But it depends on a number of factors - where you live in the world, cost of living, does anyone depend on you. $350/m seems a very low wage though, you could earn more just writing articles at bargain-basement rates, you seem like a reasonable writer from that post.
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  • Profile picture of the author jewin
    wannabetechie -

    Ultimately, this is a call that only you can make. Have you considered keeping your job and devoting your evenings and weekends to your business? One common theme you'll find in the industry is that those marketers that do well have persevered through failure after failure before getting to where they are. So, you really need to be in it for the long haul.
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  • Profile picture of the author ConnorMcCreesh
    I would not suggest leaving your job yet. What I did was transition online over a couple of months. Save your money for projects at a later date. I suggest you go to the Warriors for Hire section and see if there are any jobs you think you could do well (product creation, articles, graphics etc.).

    Take a look at the competition and choose a price that is reasonalbe for you and still competitive. Then you can start doing that in your spare time, work out your work speed and see if it would leave you making more then your work if you were to quit.

    If you start moving online by working for people instead of by putting your money on a business venture you have the security of money and not having to invest before hand.

    When you get established online you can think about raising your prices and cutting your hours and then investing some money in a business project to try and build autopilot income.

    hope this helps,
    Kind Regards,
    Connor
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  • Profile picture of the author Meharis
    Originally Posted by wannabetechie View Post

    know most people say leaving your fulltime job is foolish.
    What do y'all think?
    I do agree with "most people".
    Learn first. Quit your job when you can much your job income.
    One thing is learning with money in your pocket and and other
    thing is trying to make money without a steady salary.
    You're the one to establish if you can handle the pressure and stress.
    Meharis
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  • Profile picture of the author BloggingPro
    I would say don't quit the job, keep it and work on the weekends and in the evenings to get your income up. Then when you have successfully replaced your income with the "dead-end" job quit.

    That's what I would do anyway. I would choose a service-based model to start making money faster.
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  • Profile picture of the author Gail Sober
    I'm with Conner on this.

    Making $350/mo online is not that hard. Definitely a number you should be able to hit working at it part time.

    Only when you can consistently hit that amount for several months would I consider leaving a paying job.

    The upside is you're only replacing $350 and not $2-3k/mo. The more you make at a normal job, the harder it is to transition because the bills still gotta be paid and you still gotta eat.
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  • Profile picture of the author masterjani
    My Best advice is you can spend even a single dime with more courage only when you have a income coming in other side.So keep the job you have try to get a name online,once does change to full time IM.Best of luck
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  • Profile picture of the author tritrain
    In this job market?!

    Everyone I know that has quit their job in hopes of greener pastures has lived to regret it.

    Unless you have a job up already, and you know that they aren't just going to call you a "contract employee", do not quit your job.

    Make sure you have a really good 'plan B' first.
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  • Profile picture of the author ladywriter
    If your heart is set on quitting, might want to use some of that $1,000 investment money as savings money. Anything could happen, and it might. In the last six months, two of my relatives came down with life threatening illnesses out of nowhere. And if you have health insurance at this job think about that too.

    That said some people wait for "the perfect time" forever.

    Good luck, whatever you choose.
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    • I would say keep your job until you can replace your income online. If possible ask for a week or 2 off, and dedicate that time to online ventures. If you see improvement and income starts coming in then go for it, but if you struggle and still aren't getting anywhere I would rethink it.

      Ask for some time off, and see how it goes. If you need $350 a month, and only have $1,000 saved, you will not be able to spend as much on online ventures, since you will need that money to live on.

      Also PLAN OUT what you are going to do before you quit your job. Otherwise you will have a LOT OT TIME on your hands, and you will get distracted with other stuff.

      Advice:

      ask for time off
      have a plan!!
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  • I wouldn't quit my job. In fact I currently have a normal day job myself. I use it to pay my bills, live and most importantly invest in my online business. $100 out of every month goes back into my IM business. I'm starting to see some results online, and with any luck I'll be doing this full time sooner than later, but for now it would be crazy to quit my job. I need it to live, and it allows me to slowly build my business in my spare time as a hobby without any pressure.
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  • Profile picture of the author Caleb D Miller
    Sometimes a dead end job has a way of consuming all your psychic energy so that you cannot focus on internet marketing. I have known that feeling many times.

    To succeed with pretty much anything you usually have to have sort of a tunnel vision, a laser focus. Sometimes having a job can keep you from having that ability.

    Quitting your job might be the right move, only you can decide. But you should be prepared to really suffer for a while until you find what works for you. Hopefully you won't but it will make you stronger.

    It's an individual thing.

    Good luck!
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  • Profile picture of the author InTheMaking
    I know for a fact it's going to take a few months for you to figure out what your doing wrong and theres going to be a lot of trial and error. Your not going to make money right away.

    Learn the IM Business, find a way to make money.. and only once you start making money quit your day job.
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  • Profile picture of the author wannabetechie
    Right now I work 9hrs and 6days. I live in India, am single and no family to support. $350 is considered above average salary in my hometown. Most people doing entry level or deadend deskjobs in private sector earn $200-$250 per month for similar hours.

    Actually I have around $5000 in savings, so $1000 seems like a reasonable investment amount to me. The rest is my rainy day fund.

    Unlimitedmarketing - thanks for the great idea. I will ask for 10 days time off. Cause doing a fulltime job and coming home just doesn't leave me with the energy and creativity needed to devote to this biz. (Maybe others are able to pull this off)
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  • Profile picture of the author vishalduggal
    You didn't mention where you live. I recommend to don't leave your job until you start making atleast $500 per month. It is pretty much easy and you just need to learn the basics to reach that amount.
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  • Profile picture of the author seobro
    Try using FIVerr and other services. Leave only when you have enough customers to keep you going. It takes some time to establish your name.
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  • Profile picture of the author sidharthbanyal
    Dont quit your job firstly establish yourself.
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  • Profile picture of the author O0o0O
    It really depends on how much you have saved up to keep you alive until your internet income kicks in. I'd suggest you have at least six months worth of living expenses saved up before you quit your job and focus full time working from home. Even that is cutting it close. 8 months to a year of savings will allow your transition to be more stable.
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