How Can I Earn Enough Online To Quit My Job?

Whatever you do, don't quit your job until you have either diversified your income into many different streams, or until you have no debt - whichever comes first.

Allen

Until you have stable income, don't quit your job.

Don't make the mistake of quitting your job -- when you don't have a stable income off your business online. Start your IM business on the side, generate more income than current job for at least 6-12 months -- then possibly quit your job.

Hi guys,

Thanks for your responses so far.

I'm unlikely to quit my job first but was looking for advice just on how to get into a poistion where that would be more feasible.

Sara

I have the problem where I earn enough online but nowhere near what I earn offline. The day I earn more online I quit my business too untill then I'm quite happy plodding along making what I'm making for now!

Steve M

Hey Magic Mel, you sig is hands down my favorite quote in the world. There is not another quote that will ever sum up the value that that when it comes to creating "Real" wealth in your life.

Jeff Mitchell

1. Don't Marry Anyone Called "Oxley"...

Oh...I reckon only American Financiers will get that joke...

Steve

P.S. Yes, Yes, I know. It's not exact, but it's close enough.

P.P.S Welcome to the WF, Sara. Enjoy your stay.

There are many ways to make money online, but there is also a big learning curve. If you're really serious about wanting to make it, you'll need to put a lot of work into it. You need to find out what you want to do and I would suggest following someone who is a good leader who can coach you.

I used Site Build It to get started but found it rather expensive once I knew many of the pieces of the puzzle. If you can invest in its fees, that's a good option.

It's taken me longer than I expected to get to a modest livable income with IM, and one reason is that I flitted around, trying a little of this and a little of that. Now I focus more... but you may need to flit around some to find out what to focus on that suits you! <g>

Do not spend more money for buying anything , first spend low, if you will get good results then continue to do that. do noy expensive money making ebooks . start your own website , promote other people products .

There seems to be 3 main answers here but I guess some would take more skill than others. If you're a talented writer, it sounds as if short-term income can be made as well as being a sound base for a business. Affiliate marketing seems quite hit and miss though from what I've read on the Warrior forum.

do not quit your job yet, until you have established a steady flow of money from online works.
start reading, and understanding the ways of online income.I am here almost everyday just to read what the "guru"s have to say, and i try to understand first what it is i really want to do, and what I think im good at.

I'm not going to quit yet I'm just wanting to get to a stage where I feel confident enough to do so.

This forum is awesome. But I am sure that if you are willing to learn and PUT TO ACTION (This is extremely important) what you learn here, you will make much more per day in a few weeks.

You are going to have to learn to diversify. I bet everyone single person here has made money from a particular traffic source or niche only to have the income dry up. You have to be creative and make sure that even when you do make money you are always on the lookout for something new.

Here is some advice I would give you Sara:

1. Write out, in pen, your goals in a structured format. I wouldn't start with aiming for $1k+ just yet but aim to cover an aspect of your expenses... perhaps next month's phone bill for example. This will give you realistic aims to chase and it will have a profound influence on your mentality. Build your confidence with small, attainable aims.

2. You have to outline your skills and value to other people. If you are good at something, then never be afraid to charge for it. Freelance work can be good money. I funded my whole first few projects by offering my graphic design services to other marketers and had the advantage of studying it at University, so gaining online and offline work was too easy. If you are good at writing, how about writing articles for people so that you can gain a better understanding of how headlines, keywords etc work etc in addition to developing your own writing style and earning some capital to start with.

3. My biggest advice is not to do EVERYTHING yourself. I, and many others, start out with this mindset but it really isn't worth it in my experience. Sure I learned a lot, but you want to get your website/product/service out there as soon as possible. This doesn't mean go crazy with your money, but place a value on your time. It's not free if its taken you two weeks to create a basic website. Time is money. You can find people to outsource work to here at the Warrior forum, Elance, Rentacoder or oDesk to name a few.

4. Start with a hobby or interest. You will feel much more comfortable researching and writing about something you are familiar with. Learn your trade through being you, and then you can begin to branch out in to other markets. Research related keywords (words that acquire regular searches) by using free tools such as Wordtracker and Google's Adwords Keyword Tool. Make a list of these keywords, erasing the irrelevant and delving deeper into the good (do this by repeating this process but with the new keywords you found). These will form the foundations of your site content.

5. Stay away from PPC (Pay-Per-Click). This is for advanced users only and you can easily find your credit card buckling under the pressure if you're careless with it. PPC service providers include Google Adwords, MSN AdCenter, Yahoo Search Marketing and various others (these are the main ones).

6. Think outside-the-box, jump straight in and have fun.

Regards,
Alex

Wow ASM, that's brilliant advice. Thank you

what are some of the best converting affiliate programs out there? I've been promoting something that's converted 3 out of 600 hoplinks. Less than 1%!

I would say find a great mentor first and learn everything you can from them. Then start with affiliate marketing to get a taste of how things work online. You will gain some marketing skills from this. Later you can maybe create your own ebook and sell it or your own website selling your own product.

Actually, it would need to be around $50-60 a day before tax, at least in the US. If you're getting benefits like health insurance this would increase even more. In other countries it would obviously be different. As for quitting your job it will also depend on your financial security and risk tolerance. I believe in having a lot of financial security myself but others are willing to go 'all in' on the off chance of nailing an inside straight.

How to earn it will depend on where your talents and resources lie and how fit what you know and have with what you can do online to earn money. There isn't a "one size fits all" approach to making money online. What works for one person may not work for you.

Hi,

As others said, do not quit your job before you have a diversified income source that can replace your job.

You've a target - $1,200 a month or $40 a day. Let's say $50 a day.

On the Internet, there are numerous things you can do. From providing services to marketing real & digital products. What you can do depends on your skill-set and interest.

- If you've good command over the English language, you may start writing and selling articles. That will make some money for you, and at the lowest rates, you'd be able to achieve $40 a day with just 10 articles.

- If you've had websites in the past, have worked with wordpress and other CMS'es, and are technically proficient - you may consider flipping startup & established sites. Even if you flip websites at just $99 per piece, and they cost you around $30 to create - you'll achieve your goal.

Once you've created some sources of income, and are earning consistently, gradually make a shift to Affiliate Marketing & Creating your own products. You'll see some substantial money there.

----

The best advice I can lend you is to:

1) take action; and
2) stick to a plan

The biggest mistake most newbies do is be impatient, give anything a half hearted try and then quickly jump onto something - supposedly - better. Do not do that. Stick to one thing, and give it enough time to see any results.

The system is very simple, though may not be easy!

Best of luck.

If the current job is just too boring, it doesn't hurt to try to find another job with almost the same pay but NOT so demanding so after you walk home you still have enough energy to do IM in your spare time. I guess it took at least a couple of years before you can quit your job so the key is now to find one job not so boring but more relaxing ...

Good luck. I guess most of IMers here are part-time and are in the same boat. Let us know youprogress and we sincerely hope you succeed.

Don't forget to tell us one day, when that day comes, that "I quitted my boring job and make a living now exclusively from IM!"

You have asked a question that many of us wish we could answer. I am working 65 hours plus a week, so building my IM business has become almost impossible. I am considering taking a job working 40 hours a week so I can spend more time on my IM business.

I agree with most comments here. Do no quit your job until such time you're earning a stable income from your IM gig.

If you're good at writing or web design, you may start offering services to warriors here. Or another option would be to sign up as a freelancer in freelancing sites such as elance, GAF, oDesk, etc.

I did things a little differently I quit my job before I knew I'd be making enough money online -- and I'm not normally a daring person! Thankfully I was so motivated to stay home with my son that it worked out very fast.

I don't have any more words of wisdom other than what you see above. I just wanted to let you know that it is possible. Set your mind to it, map out your goals, stick with a system to start earning that money, (if you want to be sensible, save up enough to cover 3 months ), and quit! Your life is your own -- you can do it!

I completely agree that in this economy you should not quit your job until you've found that one thing that can pay your bills.

I recommend that you figure out what you are most passionate about. Before you dismiss it at a cliche, lets say that you are most passionate about cooking. You start there and think of ways you can monetize your love of cooking - (cookbooks are kind of played out, so scrap that - you have to learn how to diversify yourself from everyone else) video cookbook of 25 recipes that are each under 10grams of fat or weekly video recipe guide about vegetarian meals, etc. Trust me - there will be a way to monetize whatever you are interested in. If you concentrate on what you love the most, you will feel fulfilled and you'll also be able to make a better "whatever it is you will make" to your potential customers (then they'll come back for more!). If you have any more questions, feel free to message me.

So many fantastic replies. They certainly back up all the good things I've been hearing about this forum.
I will say what I've tried is website flipping. Other than some initial success, I've found it hard to make money with this method. I tried the siteflipacademy method of creating niche sites with joomla and selling them on sitepoint but it didn't work out. It seems harder to make money on start-up sites than it used to be. It's a method I'd like to make money with but every man and his dog have tried/are trying it and it appears to have become somewhat saturated.
Article writing seems to be a popular choice and possibly more realistic than affiliate marketing. Other than this forum, where else can I offer those services? Is it feasible to sell say 40 articles a week? And even more once I can start charging more and outsource?

personally i would do whatever i could to get a bit of money together, sell articles, websites etc until i had say $1000. then i would go all out ppc style. all the big earners use ppc and by big earners i mean four to 6 figures a day.

A word of advise/encouragement. DON'T think that going online will make you rich or more successful. I've seen and read of too many IM guys that can barely make it work. From my observations the ones that DO make money would have been also very successful offline.
Also use this forum as a starting point. I didn't and wished I had.

Yes, and there are basically 2 ways you can earn money online:
1) Sell your own products
2) Sell someone's else products (that includes Cost Per Acquisition model)

They are of different routes. If you are just starting out, try the second one first. But ultimately you need to have your very own unique product in order to make it BIG online. However, if you only aim to get a couple thousand dollars per month to compliment your current income, it's definitely a "can-do".

Learn and read through these forums - before spending a dime online.

There are quite a few good material here on this forum. Good luck, and don't get scammed by Get Rich Quick scams because they don't exist.

To your success,
Roy

My best advice for you is to first look for a new job, where you will be more happy!

Then I would start bum marketing. Seach for the bum marketing method in google. Work hard on that and don't quit your new job untill you are making at least 80 a day.

Ok she gets it, don't quit her job, she said she isn't planning on quitting her job. Doesn't anyone read the posts before hitting that reply button? You're giving her the same advice over and over.

I noticed at least a couple of people wishing they had more time to pursue their IM - ie a job that was easier or had shorter hours.

Look for jobs where you are in a caretaker role.

Most security companies are short on pc savvy staff, so when you rock up and tell them you're good with computers, chances are you can score a cushy job like mine alarm monitoring. Just ask if they have any alarm monitoring or CCTV monitoring positions.

All day long I'm browsing the net.
Now I have time to learn IM.

Do you have any special skill? For example, may be you are good and fast at writing or you have good designing skills?
I have seen many people starting online as a freelancer. That's indeed a good way to get started online. Once you make some money as a freelancer, you may invest someone towards developing other online business models.

If writing or graphic designing is n't your cuppa tea, you may get started with affiliate marketing. Choose a niche, pick up a product from clickbank and start promoting it.
You would need some investment (not much ) for registering your domain and buying web host.
There are several guides available some, some good yet free tips on affiliate marketing- you may do some reading and get started.

Whatever, you do be steady and focussed.
Don't expect to get rich overnight.With consistent effort and time, you will sure make dollars online and soon you will be able to quit your job for good.

God bless,
Your friend,
Poppy

Hey,

I would recommend you learn some basic html, read warriorforum every day.. and after that create some review websites and try to sell others products.

Or you may start informative blog and make some money from google adsense

You have to start somewhere...

I have a question. Out of everyone who has replied to this thread, who is a full time IM'er? And out of those full timers who quit their job before they were making enough money to survive and who saved up a little money and commited 100% to their dream?

Just wondering because I see a lot of people who are not full time IM'ers giving advice on how to forever be a part timer IMO.

I do internet MLM full-time, and really how I was able to completely quit was a diversified income stream, not just one product or anything.

Several different checks from different revenue streams.

The other thing I did was invest in educating myself on Internet marketing methods, and copywriting.

Finally, I executed like hell until I got to where I wanted. That is where most people fail.

Well here's what I did, I picked one thing I wanted to do (in my case PPC)
I then studied everything I could about the subject for about 2 month solid
for around 4hrs a night after work,

all the while I was saving some money to invest in my first campaign, needless to say my first 2 or 3 campaigns were not profitable and I lost close to half my investment but I never gave up and with my next campaign I was in the black,

I have never looked back since, and I managed to scale it up within 3 months to the point I was eclipsing my paycheck, now I do this full time which is great, but the key here is to continue learning each day,

become a sponge for information and initialy concentrate on one specific skill set and apply what you learn, this is also a key point, too many people don't apply what they've learned (I've been guilty many times) so don't fall into that trap and become lazy, and believe me you will be successful.

My vote......web cam baby.

#1 Find another job that you like.
#2 Quit your job as it is eating your life (at least it sounds like it).
#3 Begin building up a product of your own (takes a couple months usually to start makin' $)
#4 Build it up till you can quit the new job as well.

I know where you are at hating your job. You need to get out of the frame of mind that IM will solve that problem for you. Getting another job will.

ColinD wrote: I agree with ColinD 100%. I have not seen a product on the web which delivers like sitebuild it. They don't hype. What they promise is that they give you all the tools in one place, they guide you on how to find something you are passionate about and write content.... the rest follows. What they ask is you provide the BAM ie brain and motivation. They have no hidden costs. Whether you are going into affiliate marketing, info products, I believe SBI is a wonderful tool especially for those who don't have alot of experience with internet marketing. They will help ypu get started on the right path

All the best.
Annette

There's a lot of ways to earn money online, other than of course you have to learn what those ways are and how it was made. So if you want to have big incomes takes time to learn it all. Now it's up to you if you will quit on your job. Hope you have a good decision.

bgmacaw wrote,
If I may ask, when did you last try SBI? How many people do you know who are involved with SBI? Did you know that there are many seasoned webmasters and online gurus who fall in love with SBI after landing on it? And, I have not seen many people who are with SBI who say that it is overpriced. Most people who say this usually have no clue on what SBI offers. But as we all know, no product is perfect for everyone ofcourse... but, having bought several programmes on the web, I would say that I got my money's worth... infarct way more.

The ideal situation is to find what suites an individual and follow it. SBI is what has worked for me. I would rather go with something outdated which delivers than with a modern things which leaves me frustrated. If you could share what has worked for you, maybe that would help us.

Hi

I will say it again don't quit your job start doing internet marketing in your spare time first its going to take a little time to learn.

Document your online journey with a blog whats working whats not so other people can learn from you. Build a list once you have a decent size list give your subcribers good info. Send related affiliate products to them, don't spam them with them. Then watch the money come in. After a few months of this tell your Boss where to stick it.

Cheers

Graeme