I got 7k. Should i take the money and run?

by Ammaring 66 replies
I'm at a crossroad in my life if you will and im not sure what i should do. I'm 23, I have a little over 7k just chillin. I make a little under 1k a month online but it's just not enough to live on each month. I DO NOT want a regular 9-5 job.

My goal in life is to be happy, wake up every day stress free and if i get a job that would be a major inconvenience for me. I love internet marketing but i just cant make enough money from it. I have a feeling if i don't make more eventually ill be forced to get a regular job. Should i try to start an offline business?

I just don't know what to do. I'm not looking to make a ton of money here and there. I need something that i can rely on consistently month after month. But i need to make over 5-7k a month or i fear i will never be satisfied with my life :confused:
#main internet marketing discussion forum #money #run
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  • Profile picture of the author rosetrees
    I don't understand. You say you don't make enough to live on, then you say you have 7k "just chillin".

    Your thread title asks if you should "take the money and run". What money?
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    • Profile picture of the author Ammaring
      Originally Posted by rosetrees View Post

      I don't understand. You say you don't make enough to live on, then you say you have 7k "just chillin".

      Your thread title asks if you should "take the money and run". What money?
      should i take the 7k and just go get a regular job is what i meant and get out of internet marketing
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      • Profile picture of the author Brant
        Originally Posted by Ammaring View Post

        should i take the 7k and just go get a regular job is what i meant and get out of internet marketing
        You should take a bit (10%) of your "chillin'" money and invest it in more Internet marketing knowledge, tools, and technology. You could take another 10% of it and learn how to invest in penny stocks.

        In other words, put some of your money to work for you. That's what every wealthy person does. Why give up on Internet marketing if you are only 23 and you're already making money at it?
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  • Profile picture of the author Ninja Ana
    Hey, your thread title is confusing. Anyway, If I were you, read more threads and surely it will help you to be a successful internet marketer, you need to have the right direction and contacts.
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    • Profile picture of the author Ammaring
      Is there people i can pay here that would help me?
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      • Profile picture of the author Vine Whip
        Originally Posted by Ammaring View Post

        Is there people i can pay here that would help me?
        Have you ever been so far even as decided to use go want to look more like?
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  • Profile picture of the author Ross Cohen
    I think the post makes sense. He's accumulated 7K from IM and can either reinvest it into his IM ventures to potentially grow or take the 7K, keep it in the bank, and get a job. The answer really falls upon your circumstance. If you have money to fall back on (more than that 7K), you might consider sticking with it. If you need money though, a salaried job with benefits can actually give you less stress rather than more.
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    • Profile picture of the author Ammaring
      Originally Posted by Ross Cohen View Post

      I think the post makes sense. He's accumulated 7K from IM and can either reinvest it into his IM ventures to potentially grow or take the 7K, keep it in the bank, and get a job. The answer really falls upon your circumstance. If you have money to fall back on (more than that 7K), you might consider sticking with it. If you need money though, a salaried job with benefits can actually give you less stress rather than more.
      Thank You this is what i meant. After i submitted the post i thought people might get mad by it like they usually do cause it's not 100% clear.

      Thank you for the info too ill keep that in mind
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  • Profile picture of the author Adie
    Since you are already making just under 1K /month, add more effort so that you can quit your 9-5 work per day...
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  • Profile picture of the author Hackbridge
    If you're making 1K a month, the phrase that comes to mind is " Rinse and repeat".

    If you are making money from one niche you could simply expand on that or explore other niches?

    Oak trees grow from acorns, small beginnings is what I'm saying.

    Brian


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  • Profile picture of the author travlinguy
    Why don't you do more of what you're doing that's bringing in the money? It's called scaling up.
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  • Profile picture of the author Pakblogger2012
    At first read,your title shows that you have found somewhere(at road,in street ) 7 K money and you are asking us whether should you run or not.
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  • Profile picture of the author wlasikiewicz
    Originally Posted by Ammaring View Post

    I'm at a crossroad in my life if you will and im not sure what i should do. I'm 23, I have a little over 7k just chillin. I make a little under 1k a month online but it's just not enough to live on each month. I DO NOT want a regular 9-5 job.

    My goal in life is to be happy, wake up every day stress free and if i get a job that would be a major inconvenience for me. I love internet marketing but i just cant make enough money from it. I have a feeling if i don't make more eventually ill be forced to get a regular job. Should i try to start an offline business?

    I just don't know what to do. I'm not looking to make a ton of money here and there. I need something that i can rely on consistently month after month. But i need to make over 5-7k a month or i fear i will never be satisfied with my life :confused:
    Why dont you keep making the 1k a month and get a regular job, that way you will earn from your job and the IM money you make can get you all the nice things in life.
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    • Profile picture of the author Ammaring
      Originally Posted by wlasikiewicz View Post

      Why dont you keep making the 1k a month and get a regular job, that way you will earn from your job and the IM money you make can get you all the nice things in life.
      Because it takes up too much time. I can't look back in 10 years and say that's what i spent my time doing. Im already 23 and i feel like the time is just going by way to fast and its scary
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      • Profile picture of the author DarrenHaynes
        Originally Posted by Ammaring View Post

        Because it takes up too much time. I can't look back in 10 years and say that's what i spent my time doing. Im already 23 and i feel like the time is just going by way to fast and its scary
        Woah, you are feeeling that now, wait until your 33

        I guess the question for me is, what do you want to look back at in 10 years and say I did that and be happy with it? Is a regular 9-5 job going to make you feel any better looking back than working online? Is there something else that you really want to do?

        Making a living online is not for everyone, as every job is not for everyone. Only you can now what you want. I know for me, I would be scaling up that $1000 unless I really found a job I was called to do.
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  • Profile picture of the author Pakblogger2012
    At first read,your title shows that you have found some 7k money somewhere and now you are asking us that whether you should take that money and run or not
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  • Profile picture of the author Ammaring
    Normally i would never post something like this but my feelings are so day to day and up and down a lot of times i just would like to be a dancer or an actor or a model or something like that. I feel if i can make a decent amount of money then i can go and try something like that with full devotion because i wouldn't be worried about other things (financially) My brain dosen't let me forget ever that im not where i should be
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  • Profile picture of the author tmoby
    If your making $xxx now, usually you can do the same thing 4 or 5 times over and turn it into $xxxx. If you find something that works rinse and repeat.
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  • Profile picture of the author Mike Anthony
    You just stated on an internet marketing board that you have $7,000 and you are open to being pitched services.

    I don't know about leaving internet marketing but right about now you should be running from your PM box.
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  • Profile picture of the author Ken Leatherman
    Your also saying that the 1K a month is not enough to reach your goals and let you live the way you want to live.

    Then you ask if you can pay someone to help you, which means you have just opened another can of worms to be dumped on your head. If you do this do your research on who ever you talk with. Don't just jump in to the first thing that has great sales copy or the first person you talk directly with. There are 100's of folks on here who are very knowledgeable and have the ability to teach what they do to help you grow your business into a successful Internet Marketing career.

    Word to the wise though, there are also a whole bunch of folks with no business ethics of any kind and will take you for every dime if they can get inside your head and will do it with no regard for you. And yes i'm saying they are on the Warrior Forum.

    I'm not a coach but I know several folks here that are first class teachers and will stick with you through the process. I'm not an affiliate nor will I be compensated in any way if you hire them to teach you. Be prepared to work though, because they won't do the work for you.

    Since you don't have enough post to PM me I'm going to P.M. you and give you my e-Mail address and the folks you might contact.

    Ken


    The Old Geezer
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  • Profile picture of the author vCr8
    I've been 23 once and I definitely know how you feel... the point where you just want to start being successful..lol... but honestly earning 1K a month is not that bad.. you got your way earning that much it means your strategy is working, what you need to do is just to scale up what you have been doing now.
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  • Profile picture of the author vladf22
    If you found it, I would take it.
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  • Profile picture of the author WebDomain
    5-7k - ? You think it's very many?
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  • Profile picture of the author jaypoole
    If you've made 7k then look at what has earned you the most of that 7k. Eliminate any parts of the process that slow you down, and introduce new things in turn (utilising split testing so you know what works better etc) to improve those results further.
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  • Profile picture of the author Keen creations
    There are many WSO's that has 1 v 1 coaching and there is a guarantee that if you dont make X amount of money from it they will pay you back 100%...i recommoend searching for those.
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  • Profile picture of the author Ammaring
    Thanks for all the comments everyone i really appreciate it. Lots of good info there. See i would like to get help from someone but i just don't know who and i don't want to waste money because ive already did that before way too much.

    Who is really trusted that has helped people on wf before in the past?
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    • Profile picture of the author jaypoole
      It's possible to pick up much good advice by doing what you're doing. You have a problem or a question and you ask on here - at least you can focus on what you've set yourself to do.

      As far as who is a good person to pay for advice - then it all depends on what type of IM you are in.

      in my own experience some of the best general IM training that covers loads of areas has come from Jason Fladlien and Wilson Mattos - excellent..
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  • Profile picture of the author rohit36
    Originally Posted by Ammaring View Post

    I'm at a crossroad in my life if you will and im not sure what i should do. I'm 23, I have a little over 7k just chillin. I make a little under 1k a month online but it's just not enough to live on each month. I DO NOT want a regular 9-5 job.

    My goal in life is to be happy, wake up every day stress free and if i get a job that would be a major inconvenience for me. I love internet marketing but i just cant make enough money from it. I have a feeling if i don't make more eventually ill be forced to get a regular job. Should i try to start an offline business?

    I just don't know what to do. I'm not looking to make a ton of money here and there. I need something that i can rely on consistently month after month. But i need to make over 5-7k a month or i fear i will never be satisfied with my life :confused:
    I Seriously doubt you made that much money, if you or any one who had tasted the success in internet marketing can't even think about leaving it, instead they try to make it big and try to scale it up...

    From all of you posts here everything just looking negative..

    you should be asking about how to scale up your profits .. but you are just giving the reasons why you want to quit...

    $1000/month is more then enough that anyone can put in their business and try to make it more profitable..

    there are many who set up their online business from nothing, And you r thinking about quitting when you are earning $1000/month ... Amazing man..
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  • Profile picture of the author jamesrich1
    You have gotten your perfect answer which is to scale up what you are already doing. You can use some of your money to outsource your work so you can do more with less time.
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  • Profile picture of the author mikefrommaine
    Trust me, the Internet marketing world is fickle and what works now might not work tomorrow. You should try to develop multiple streams of income. Perhaps you should start a blog explaining how you make money. That would be a good start.
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  • Profile picture of the author IronRing
    Banned
    Do you have any work experience whatsoever? Note that nearly all successful entrepreneurs have had jobs before at one point. You still need experience before you can run a business...
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  • Profile picture of the author brentb
    Dude you are going about this all wrong, just get a part time job to help supplement your IM income... then keep making money online... more will come.
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    • Profile picture of the author anthony2
      Originally Posted by brentb View Post

      Dude you are going about this all wrong, just get a part time job to help supplement your IM income... then keep making money online... more will come.
      I agree with the above quote.

      Get a part time job to take care of your expenses and
      scale up the method you were using to make the 1k.

      If you can find a mentor to help you speed up the process
      that would be great.
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  • Profile picture of the author SeoDemon
    looks like IM is not your passion, take the money and RUN
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  • Profile picture of the author Randall Magwood
    Is it a hassle to duplicate your $1k a month income? How long has it taken you to reach this sales figure?
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  • Profile picture of the author brentb
    I work full time in internet marketing doing about 50 hours a week but not for myself, I work for a company, and I am 25. I only work about 10 hours a week on my projects. In 3 years from the now I will be making 100k+ on my own and living in Costa Rica, sometimes, especially when you are young, you have to buckle down and do some hard work. Point Blank!
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    • Profile picture of the author Walter Parrish
      Originally Posted by brentb View Post

      I work full time in internet marketing doing about 50 hours a week but not for myself, I work for a company, and I am 25. I only work about 10 hours a week on my projects. In 3 years from the now I will be making 100k+ on my own and living in Costa Rica, sometimes, especially when you are young, you have to buckle down and do some hard work. Point Blank!
      25 is that age where next year is 40. lol it happens fast like that trustme.
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      • Profile picture of the author Allan_Gardyne
        If you can't live on the $1k a month you're earning, can you get a part-time job, one or two days a week, so that you still have lots of time for Internet marketing? That's how I started, back in 1996.

        If you're desperate for money, you're much more to likely to make bad decisions, seeking quick cash, instead of building the foundations of a strong business - something that adds genuine value to the Internet. That type of business has a better chance of long-term success. I hope you're thinking in terms of building a business, not just making money.

        It would be helpful to forum members if you gave us a little information about the methods you're using to make the $1k a month (without giving away any secrets). Otherwise, we may waste time telling you things you already know.

        For example:

        Are you building email lists, which give you repeated opportunities to make a sale, instead of one chance of a sale - a chance that disappears in a few seconds? Also, email lists are valuable assets you can sell one day if you wish.

        Is whatever you're doing just making money or building a business that you could sell if you wished?

        Are you promoting products that pay residual income or lifetime commissions, so that you get paid over and over?

        Is your business risky? Are you relying solely on just one method, one affiliate program, one web host, one affiliate network, one search engine, one source of traffic, one product, one industry, one anything else? Do you need to diversify?

        Could you outsource any of your tasks to save time and allow you to concentrate on the things you enjoy and do best?

        Why are you considering quitting? Is it because you don't enjoy what you do? If so, re-examine your business and look at ways to re-design it so that you spend more time doings you enjoy and much less time on the rest. Or do you need to totally change what you're doing so that you enjoy it?

        Are you building a reputation, or a brand that people remember. Don't under-estimate how important this is. People like buying from people they know, like and trust (thanks Paul Myers for that tip). It's wonderfully valuable if people remember you, and remember your website and type the domain name into search engines. My strong recommendation: Start building a reputation now. (I haven't done much of that on this forum, but I have elsewhere on the Internet.)

        Have you examined your strengths and interests so that you're making the most of them? For example, many forms of Internet marketing involve writing articles and some people love that, and some people hate it. What can you create that you would enjoy creating?

        23. You don't know how lucky you are. I'm 63 and ever so grateful I had the sense to build up my own self-managed superannuation fund when the money was rolling in a decade or so ago, so I can just potter around now if I wish - and waste time giving advice to people who don't take it.

        If you do expand your business and get it running nicely, save one-third of your income for the future.

        Make your own decisions. Choose your own life. Whatever decisions you make, be sure to do it because it's what YOU want out of life, not someone else's idea of what would be a good thing to do. Go for it!
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  • Profile picture of the author Bokva
    What SeoDemon said, plus - even if you earn enough, you'll not be happy if you don't do what you love to do.
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  • Profile picture of the author aw
    Wow 23...you are pretty old. I'd just hang it all up and start sewing.
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  • Profile picture of the author KingYoungPimpin
    $7k is not a lot of money but you can turn it into more money with the right system.
    Search around and do your homework on a proven money making system you would like to get plugged into. Making $5k to $7k a month is not hard at all with the right systems in place
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    • Profile picture of the author AchievingDreams
      I would suggest you invest that 7k.

      1.) Use 1K to have someone build a decent blog about YOUR PASSION.
      2.) Use Another 1k To Develop Multiple List Building Campaigns.
      3.) Use 2K for SOLO ADS to drive traffic to that list building campaign.
      4.) ANother 1k For PPC on FAcebook to drive even more traffic to the list building campaign
      5.) $600.00 On The Best Marketing course you could find
      6.) $700.00 in SAVINGS OR INVESTMENT
      7.) Give $700.00 to Someone who needs it.

      Use That 7k To Make The 5k Per Month.
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  • Profile picture of the author Thomas W
    Originally Posted by Ammaring View Post

    I'm at a crossroad in my life if you will and im not sure what i should do. I'm 23, I have a little over 7k just chillin. I make a little under 1k a month online but it's just not enough to live on each month. I DO NOT want a regular 9-5 job.

    My goal in life is to be happy, wake up every day stress free and if i get a job that would be a major inconvenience for me. I love internet marketing but i just cant make enough money from it. I have a feeling if i don't make more eventually ill be forced to get a regular job. Should i try to start an offline business?

    I just don't know what to do. I'm not looking to make a ton of money here and there. I need something that i can rely on consistently month after month. But i need to make over 5-7k a month or i fear i will never be satisfied with my life :confused:

    It's a fact that more money = more problems.

    Never get into Offline business, because it can be very stressful as well. You got people spending money they expect you to deliver
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  • Profile picture of the author sbucciarel
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    You should keep your 7K and find a job until you are making enough to live on and have money in savings to last in case of emergencies or a drop in income. You could take a small part of the 7K and invest it in something, but I have recommendations on what to invest in.

    If you don't get a job, you're going to whittle away the 7K paying living expenses since your IM career doesn't do the job.
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  • Profile picture of the author LukeDavenport
    I say split it, save half invest half. Then since you are already making 1k off of t he internet...That's 1000% further than most people ever get...take what you are doing and learn how to scale it higher. Always make improvements/changes to increase your income.
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  • Profile picture of the author donrhgs0
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      • Profile picture of the author jeskola
        Take your 7k and buy

        1 laptop
        1 x ticket to somewhere like Thailand

        Bank the rest in something with a nice interest rate or invest in something safe and get on the road!

        For 1k a month you can live pretty well in south east Asia.

        Travel around and gain some amazing experiences and make new friends whilst working on your business. Scale it up and have the time of your life.

        At 23 with just that income you could be living a dream life anyone at your age would be envious of!

        Enjoy!
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        • Profile picture of the author onSubie
          Originally Posted by jeskola View Post

          Take your 7k and buy

          1 laptop
          1 x ticket to somewhere like Thailand

          Bank the rest in something with a nice interest rate or invest in something safe and get on the road!

          For 1k a month you can live pretty well in south east Asia.

          Travel around and gain some amazing experiences and make new friends whilst working on your business. Scale it up and have the time of your life.

          At 23 with just that income you could be living a dream life anyone at your age would be envious of!

          Enjoy!
          This.

          You have no idea how young 23 is. When I was 23 I quit my job and traveled Europe for a year. I had worked since high school at $10/hr to barely support myself.

          I decided to sell everything I had and travel through Europe for a year. This was before the Internet so no expedia or google maps, just "Let's Go Europe" and pay phones.

          Looking back, I should have been gone much longer. But it opened me up to all the possibilities in the world and I went to film school then got a degree in computer science when I came back.

          If I had an "Internet" making me $1000 a month I would never have come home.

          Mahlon
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      • Profile picture of the author cashp0wer
        For one thing having a job that pays the bills, etc. is not stress - that helps you live stress free - if you aren't making enough from IM to live on then you first must get a job somewhere until you do. It takes time to build an IM business, you might just need to make some changes and try something different to see if you make more money.
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  • Profile picture of the author Daniel Ray
    Originally Posted by Ammaring View Post

    I'm at a crossroad in my life if you will and im not sure what i should do. I'm 23, I have a little over 7k just chillin. I make a little under 1k a month online but it's just not enough to live on each month. I DO NOT want a regular 9-5 job.

    My goal in life is to be happy, wake up every day stress free and if i get a job that would be a major inconvenience for me. I love internet marketing but i just cant make enough money from it. I have a feeling if i don't make more eventually ill be forced to get a regular job. Should i try to start an offline business?

    I just don't know what to do. I'm not looking to make a ton of money here and there. I need something that i can rely on consistently month after month. But i need to make over 5-7k a month or i fear i will never be satisfied with my life :confused:
    If you're not making 5-7k per month right now, I would say that you don't really 'need' that amount.

    Truthfully, you need to first make enough to pay your month to month bills.

    At that point, you are financially independent, and it's a matter of scaling up from there.

    The average 4 person household income in the US is about a third of what you say you 'need'.

    You can do both on and offline businesses. If you're already doing $1k per month, you should be able to cover you basic bills already, unless you're blowing a lot of money.

    If you know about SEO and internet marketing, it would make perfect sense to start a SEO company. Kevin Wilke has a course that's put together nicely, and i think he charges two payments of $497 or something like that.

    But honestly, you should just scale up whatever you're already doing.
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  • Profile picture of the author FrankMiller
    I mean if you have success with something that you can scale up, GO FOR IT. If you need to work on it all day and it might go away, that's a different story.

    I think you can do better than those numbers but you gotta get creative.
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  • Profile picture of the author goindeep
    Dude, you already make more online than 80% of this forum... lol.
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    • Profile picture of the author Walter Parrish
      Originally Posted by Andrei Rotariu View Post

      Dude, you already make more online than 80% of this forum... lol.
      80% wow
      lol
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  • Profile picture of the author OPTIMUSMKTG
    Keep doing what you're doing and obtain at least a part-time job. I wouldn't consider relying on IM as a full-time income stream until you can consistently earn enough monthly/annually to live on.
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  • Profile picture of the author hustlinsmoke
    I would keep it banked, maybe take 1,000 and spend freely, take another 1,000 and put it to good use in your online programs.

    Now one more thing, get a job, unless your doing IM full time get a job. No reason to take life lazy, Get up exersize, eat breakfast work hard, then play, take a nap in between hard and hard, but do it.

    Thats what mama always said.
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  • Profile picture of the author bartm
    I can see where you're coming from and I'm a similar position. It took me 2 years to build up an income of just $400 a month selling ebooks. Its easy to say 'copy and do it again', but some things take time and change.

    Nowadays you don't need that much to start a business. I would lower my living expenses as much as possible and keep that 7k in case of emergencies. In the meanwhile, follow your passion and offer services to companies. Are you good in accounting? Offer a bookkeeping service.

    Then you even turn it into a product with a website. Just read the posts here on Warrior on how to do that.
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  • Profile picture of the author Always-A-Warrior
    Grab yourself a good premium domain name, develop and flip it. BAMMMM!!! You now have doubled or tripled investment ... or even more. Rinse and repeat.

    It does take some work but its worth it.
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  • Profile picture of the author mahipal
    It appears that you are ready to invest for scaling up your business, then you can go invest in different segments like ready to use Membership websites, online MLM network marketing, etc. These can also help you in creating a residual income.

    Building a good residual income initially takes time, money and effort. So be prepared.
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  • Profile picture of the author bartm
    Agreed with Mahipal: time money and effort. Pigheaded discipline and determination too!
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  • Profile picture of the author eugenedm
    If you don't like a 9-5 job, then you should invest some of your 7k in IM. Believe me, it's not an easy job but the ROI is really worth it.
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    • Profile picture of the author OPTIMUSMKTG
      Originally Posted by eugenedm View Post

      If you don't like a 9-5 job, then you should invest some of your 7k in IM. Believe me, it's not an easy job but the ROI is really worth it.
      Does anyone like that 9-5 grind? Not many people do. haha

      I only like it because I've been there for ages and the pay motivates me to keep going!
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  • Profile picture of the author dswconsulting
    Re-invest. Repeat past success and continue building. 7k is more than most have ever made in IM.
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  • Profile picture of the author JayParker
    Invest the $1k a month in building an email list on a niche you can find profitable, then build an information marketing business around it. Selling information is quite profitable.
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  • Profile picture of the author getrichinfo
    TS have gone already... I agreed with Seodemon, he seems to lose interest in IM ? If he lose interest in IM, no point working IM..
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  • Profile picture of the author Jeff Usner
    Being tremendously successful is easy. Convincing yourself of that fact is 90% impossible. (for some)
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  • Profile picture of the author DaveCraige
    nice work on getting $1k a month. What business did you do to get there? Can you scale it up and get it to produce 2k or 3k a month now?

    Best,
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    Hi I'm Dave. I buit a site that over 25 million people visited. Learn More >

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