100k salary vs online training business from scratch

36 replies
what is better ?

A steady job of 100k salary

or

An ecommerce startup adventure
#100k #business #online #salary #scratch #training
  • Profile picture of the author Tsnyder
    Originally Posted by SAPTrainingNow View Post

    what is better ?

    A steady job of 100k salary

    or

    An ecommerce startup adventure
    Neither is "better" than the other. People will be wildly successful
    and happy with either. Decide for yourself which would fulfill you.
    Nobody else can know that answer.
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  • Profile picture of the author Nino
    Steady job in these times?

    I'd go with the ecommerce startup if you're ok financially. In the long run you will get more money, more experience, more fulfillment.
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    • Profile picture of the author Tsnyder
      Originally Posted by Nino View Post

      In the long run you will get more money, more experience, more fulfillment.
      Maybe... maybe not.
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  • Profile picture of the author vikash_kumar
    It depends upon your "WHY" & "DREAMS" for life.
    Online Earning is Great, If you have dreams of making money online by being your own boss or when you feel that you passion are not concurrent with the job which you are doing and you can better serve this world by learning and sharing your area of passion and expertise.
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  • Profile picture of the author Slin
    I'd take the salary and build up your business to the side. If it looks like the other business is really starting to increase than you can consider leaving your job.
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    • Profile picture of the author Gambino
      Originally Posted by Slin View Post

      I'd take the salary and build up your business to the side. If it looks like the other business is really starting to increase than you can consider leaving your job.
      Agreed. I have a 100k+ job and build my online business on the side. When the business makes more than my day job, I'll reconsider. Granted, my day job doesn't suck and I don't dread going there. It also isn't something that I'm extremely passionate about.
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  • Profile picture of the author webcosmo
    Take the salary anytime. Unless you like gambling.
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  • Profile picture of the author SoloSalinas
    Most people would say salary and it's understandable. A lot of people always take risk into consideration. That's mainly the reason why most people fail making money online. They're too worried about the risks involved instead of just spending and testing.

    I forfeited all the luxuries of life such as cable, internet, phone, going out to eat, etc. just so I can use that money for building my business. I wasn't worried about the risk because I knew that money wouldn't be put to better use anyway. I ended up using my neighbors wifi just to work on my business, we're friends so it wasn't a big deal for him.

    Anyhow, I am now making over 6 figures 1 year and 2 months later. I started in February of last year.

    Point is, you can add in all the risks you want, doesn't matter. If you want something bad enough and it's a realistic goal (which it is) you will get it.

    If you're worried about getting a steady source of income then you're in the wrong field my friend. Like I said, most people will say salary and it's understandable.

    I can tell you right now, making money online is not as hard as people make it out to be. I noticed a lot of people on this forum say it's going to be hard.

    It's not hard at all. I mean sure it seems a bit foreign when you first start out but once you developed the skill and knowledge through constant testing and modeling the top earners.. it becomes easy. It's similar to any skill, once you're good it's easy.

    That's why many people at the top can fail then shoot right back up. That coupled in with their capital of course.

    Anyway, judging from your question, this seems like something that you think about often. I suggest you take the salary route because even the thought about "playing it safe" roaming in your mind will hinder you from success in this field.

    The answer depends on the type of person you are or the type of person you wish to be.
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    • If you can find something you are passionate about and make a living out of it, then you never have to work.

      Also on the tax side of things, the higher you make as salary the more you pay.

      As robert kiyosaki says, the tax game was created for entrepreneurs and investors.

      Question now is which side of the game do you want to be in?
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    • Profile picture of the author jwmann2
      I guess I would have to say it depends on other circumstances. How much do you owe on your home? Do you have kids? A car? Multiple mortgages? A wife with a spending problem. You get the picture. 100K for a 9 to 6 job isn't too bad at all and is something you should value, which you've obviously earned it if you're making that type of a salary.
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  • Profile picture of the author wolfmmiii
    If it's just you, by all means, risk it all and chase IM. Just be prepared to fail - most people do. If you have a family or people depending on you financially, it would be reckless to turn down a full-time 100K job that you can keep while building your own business on the side.
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  • Profile picture of the author GGpaul
    My boss is crazy. He makes about 100k a year from his job but still does business on the side racking in 1k minimum a day.
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    • Profile picture of the author bwh1
      Originally Posted by GGpaul View Post

      My boss is crazy. He makes about 100k a year from his job but still does business on the side racking in 1k minimum a day.
      Why is he crazy? Maybe he loves his "job" so he makes an extra 100k after the 365k online.

      I'll take that any time.

      G.
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  • Profile picture of the author Omarkenawy
    No one here could tell you which better for you

    Just You who can determine which one will be suitable for you and your family

    I think both of them is a job or needs to do some efforts to get it done

    To Our Business Success!
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  • Profile picture of the author wolfmmiii
    I'm in the same boat Gambino. Right now, my online income is about equal to my full time job (100k+). However, I have a family of 7 that relies on my income. I'm hardly In a position to just dump the full time gig (benefits, training, schooling, etc all paid for).

    Eventually, I'll pull the trigger. Until then, I'll do both.
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  • Profile picture of the author evilclown
    Get the 100k job, and instead of buying nice cool stuff, because you will be able to do so, invest on your eCommerce adventure.
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  • Profile picture of the author actionplanbiz
    100k salary is more reliable atleast for the short term. use it to invest some of it into your ecommerce startup adventure.

    both is better (2 forms of income is better than 1)
    100k salary is 2nd (reliable, atleast for the shorterm)
    eCommerce is 3rd (uncertain, but potential can exceed 100k salary)
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  • Profile picture of the author TrumpiaTim
    100K is the safe bet unless you feel that confident in your ecommerce venture..
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    • Profile picture of the author Steve B
      The road to wealth on the Internet is littered with the carcasses of "sure thing" business ideas, people with extreme passion, serial entrepreneurs, and even MBAs.

      Very few actually succeed and fewer still pull down a consistent $100,000/year.

      Don't get me wrong - I'm a huge fan of online business. I have a 35+ year career in small business development. I love the idea of working from home and growing something that can financially set you up for the rest of your life.

      The challenge, though, is that not everyone can be a successful business owner. Desire, passion, even need to feed a family is not enough to push everyone to profitability.

      As others have said . . . if you have people relying upon your income for their daily bread you should first secure their basic needs with a job that will provide a decent standard of living.

      But, by all means, dare to dream, create, and execute in your own business once your have taken care of the necessities. Doing otherwise is irresponsible and foolhardy.

      Just my opinion.

      Steve
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  • Profile picture of the author nim84
    Could you say a 100k job is 'steady' especially in this day and age??

    You are ultimately at the mercy of someone higher who can fire you at anytime (expensive commodity??)

    Compare to an online business where you may not make as much, but at least you are in full control of it
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    • Profile picture of the author wolfmmiii
      Originally Posted by nim84 View Post

      Could you say a 100k job is 'steady' especially in this day and age??
      Yes. I've been employed since I was 21 without so much as a single day gap between employment. I'm now 41 years old. If nothing else, it's far more "steady" than a startup IM business.


      You are ultimately at the mercy of someone higher who can fire you at anytime (expensive commodity??)
      Depends on where you live and what kind of job you have.


      Compare to an online business where you may not make as much, but at least you are in full control of it
      Who cares who is "in control" if you can't feed your family because your IM venture failed like MOST do.


      Originally Posted by Luke Dennison View Post

      Start Up all the way
      Dumb all the way without knowing what the OP's circumstances are.
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  • Profile picture of the author Luke Dennison
    Start Up all the way
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  • Profile picture of the author GGpaul
    Yeah right now i'm doing a 9-5 + business on the side. I LOVE my job I love the culture, etc. etc. I have no problem being here. At the same time I have enough time to run my business. It doesn't hurt that I have a bunch of insurance, benefits, perks etc. Oh and discounted clothes at my job for high end fashion!

    But main thing is I want to solidify my business. I don't want it to fall and I have nothing to fall back to you know? Until then I'll stick to my 9-5 until I know when I'm absolutely ready!
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  • It depends on your mentality most people are for the 100K job paying huge taxes and few are against. Depends how your brain works.
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    soon people... Relax...
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  • Profile picture of the author cyberzolo
    Definitley the eccomerce business cuz there is no ceiling on how much you can earn and I personally think having a steady job is the easy route.
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  • Profile picture of the author depotgang
    Take the job....its true I make more then 100K a month.... BUT IT HAS BEEN 12 years in the making....
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    • Profile picture of the author Karen Blundell
      This is just my own personal opinion, in the end do what is right for you but do what makes you happy - don't do what other people expect you to do - follow your dreams -

      for many $100K salary is a dream and it would make them angry to think that someone wasn't happy with that - I understand it because I'm an entrepreneur - I buck the status quo - most highly successful entrepreneurs do - (Richard Branson?)

      A true entrepreneur is someone who is not afraid of taking risks, and who would turn down a $100k salary for a chance of personal and financial freedom. For some the personal freedom is more important than the financial. Believe me, I know.

      Here's what I would do: always have a steady income of some sort - maybe some regular clients - who are long term who pay you month after month after month and they basically pay for your necessities and money to put into your own business. Or have a part-time salaried job, because if you don't have to worry about putting food on the table, you have a better chance of success running your business.

      Whatever you decide to do, good luck!
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  • Profile picture of the author salegurus
    Originally Posted by depotgang View Post

    Take the job....its true I make more then 100K a month.... BUT IT HAS BEEN 12 years in the making....
    $100K plus a month?

    Originally Posted by Ken_Caudill View Post

    Never take a job unless you're broke.
    Isnt that the point of working, so you don't end up broke?
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    • Profile picture of the author depotgang
      Originally Posted by salegurus View Post

      $100K plus a month?



      Isnt that the point of working, so you don't end up broke?
      Yeah I dont spend all my time at the Warrior Forum. I have 3 high volume CPA offers, 3000 people in my coaching program and I have been doing this 12 years....so HARD WORK PAYS BRO
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  • Profile picture of the author gsinfovision
    Banned
    Originally Posted by SAPTrainingNow View Post

    what is better ?

    A steady job of 100k salary

    or

    An ecommerce startup adventure
    I think you answered it yourself. Here's why:

    You said job OR ecommerce..right? Well you have to be able to treat your "adventure" as seriously as your 100k job - may be even more to be successful. Now, since you already think an the e-com startup isn't a "job", you'll probably never succeed in your adventure.

    So, go for the 100k job.
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  • Profile picture of the author Zack Lim
    I personally feel it will be dependent on the individual as there is no right or wrong answer by choosing either one of the path.

    If you do not have the budget yet to start a business, I would say go ahead and get the job first so that you will be able to set aside some money monthly to grow your online business.

    You will be able to pay the bills and you will not face unnecessary stress. Building a profitable online business do take time and that is provided you are following a system that is proven to work.

    It might be hard to have a full time job and starting a part time online business, but the effort will be well worth it once you start to see some results from your part time online business
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  • Profile picture of the author flyingdutch
    If you ask yourself that question, keep the job...
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  • Profile picture of the author Randall Magwood
    A steady job of 100k salary...

    ...assuming you don't have $300,000 of student loan debt.
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  • Profile picture of the author moneylover1
    "100k JOB" work under a boss, work under pressure, work like a dog,work to make other people more money then yourself. work at their schedule not yours, Work but less time with family.
    IM . work for the BOSS is "YOU". Pressure is less . Work like a dog but only for your own benefit . Work to make yourself money , work at your own schedule. work but more time with family. {Work AT HOME} ....THere is nothing like that
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