Please STOP differentiating between a job and IM and asking for advice on which one to choose

by gsinfovision Banned
32 replies
I see a lot of threads on the forum from people having problems choosing between a day time job and Internet Marketing every couple of days. I thought I'd share some of my leanings so you can make an informed choice.

1. IM is NOT about living with your parents and casually surfing the internet in your bunny shoes - its a FULL TIME JOB.

If you have a full time job, you'll have to answer to your boss and keep performing to get those paychecks every month.

In internet marketing too you have a boss to answer to - its YOU. If you don't take ownership, you'll never succeed. And you have to put in MORE than 100% because there's no one else to look over your stuff during "break hours".

2. Don't quit your job because IM looks trendy and "easy".

Its not EASY. You have to take a lot of risks and be prepared to fail multiple times before fortune favors you. And sometimes, it just takes too much time and money to figure things out because the IM rules are dynamic - they are always evolving.

And its definitely not "trendy" because you see a lot less people, work odd hours and are always worried about going out of work (you can blame the big G to some extent for that )

3. Should you quit your job and get into IM?

If you have a job and you love it, you shouldn't quit it just for the "adventure". Quit your job if you've started to hate even complements from your boss. Quit it if you can say "no matter what I will make it work".

The moment you start differentiating between a day job and IM, you start disrespecting the profession and that is NEVER going to make you successful.
#advice #choose #differentiating #job #stop
  • Profile picture of the author AmericanMuscleTA
    It's definitely not easy! I've been working (key word right there) at it for about four months now, and things are finally starting to fall into place.
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    • Profile picture of the author gsinfovision
      Banned
      Originally Posted by AmericanMuscleTA View Post

      It's definitely not easy! I've been working (key word right there) at it for about four months now, and things are finally starting to fall into place.
      And most definitely not for the faint of heart.
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  • Profile picture of the author Steve B
    Originally Posted by gsinfovision View Post

    Quit your job if you've started to hate even complements from your boss. Quit it if you can say "no matter what I will make it work".
    In my mind, these aren't good enough reasons to quit your job. Many have said "no matter what I'll make it work" and still haven't. They put themselves and their families needlessly at risk.

    I think you should quit your job only when the amount of money you earn from IM surpasses your "job" income on a consistent month to month basis.

    Most people new to IM underestimate the difficulty it is to earn full time income online. They believe all the hype and garbage about push button income and automatic wealth.

    Steve
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    • Profile picture of the author JohnMcCabe
      Originally Posted by Steve B View Post

      In my mind, these aren't good enough reasons to quit your job. Many have said "no matter what I'll make it work" and still haven't. They put themselves and their families needlessly at risk.
      You keep hearing these stories about a captain who burned his boats, and when his men had no other choice, fought their way to victory.

      You never hear about the ones who burned the boats and got slaughtered like sheep.

      Originally Posted by Steve B View Post

      I think you should quit your job only when the amount of money you earn from IM surpasses your "job" income on a consistent month to month basis.
      I'm more conservative. Add in having a slush fund that will support your current lifestyle for 6-12 months "just in case". That includes things like medical insurance and other benefits that you don't miss until something happens.

      It doesn't even have to be a business failure. Some drunk runs a stop sign, and you're out of business for several months. What do you do when you find that your "passive income" stops when you do?

      Originally Posted by Steve B View Post

      Most people new to IM underestimate the difficulty it is to earn full time income online. They believe all the hype and garbage about push button income and automatic wealth.

      Steve
      I've come to believe that the ones who get their noses bloodied a few times in the beginning are the lucky ones. The ones who catch lightning in a bottle with some gimmick start believing it really is easy, and then they are totally lost when the gimmick quits working and they have a pile of toys to pay for and nothing coming in.
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    • Profile picture of the author gsinfovision
      Banned
      Originally Posted by Steve B View Post

      I think you should quit your job only when the amount of money you earn from IM surpasses your "job" income on a consistent month to month basis.

      Steve
      I beg to differ. You change to another profession only if you want to. Its not always about the money.

      If you interact with newcomers you'd see most of the time they are either jumping from one product to another or are simple not taking action.

      Another important thing - the willingness to take risks. Internet Marketing carries more risks compared to day time jobs - I hope you'll agree on that.

      Also you mentioned about income. My point is why not find another job that pays more if its only about money? There are undoubtedly a lot of jobs out there that can offer more financial benefits compared to IM right?

      The point is IM has to be considered as a full time profession and not an alternative "easy route".
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      • Profile picture of the author Tsnyder
        Originally Posted by Steve B View Post
        I think you should quit your job only when the amount of money you earn from IM surpasses your "job" income on a consistent month to month basis.

        Steve
        Originally Posted by gsinfovision View Post

        I beg to differ. You change to another profession only if you want to. Its not always about the money.
        Seriously? You differ with the advice that one should create
        a minimum level of financial security before jumping into something
        that pays nothing in the beginning?

        That may qualify as the worst advice ever given.
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        If you knew what I know you'd be doing what I do...
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        • Profile picture of the author bangwhosnext
          Originally Posted by Tsnyder View Post

          Seriously? You differ with the advice that one should create
          a minimum level of financial security before jumping into something
          that pays nothing in the beginning?

          That may qualify as the worst advice ever given.
          Agreed ... I was reading that post and thinking "Is this guy for real?"

          He has posted some of the worst advice I've ever read on this forum.
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  • Profile picture of the author Rod Cortez
    I cringe when I see people post that they quit their job in order to pursue "IM" "full time". The problem with that is that life happens and study after study have shown that most people aren't financially prepared for it.

    Many financial experts state that you should have at least 6 months of living expenses saved up for an emergency fund, have adequate health insurance, life and disability insurance (if you have a family, for sure), and have a retirement plan in place. One financial planner that I admire, Ric Edelman, prefers that one has 12 months of living expenses saved up.

    When people pursue a business, online or offline, there is a learning curve involved. For some people, they can learn what they need to learn and can be off and running a profitable business in a manner of weeks.

    But those are the exception and not the rule. I busted my a$$ for the first few years just to get my business(es) to the point where I no longer had to work. At one point I had a VA staff, an affiliate manager, and an operations manager to run the whole show for me.

    It wasn't easy, it was a lot of hard work, but it was well worth it. Despite having a small business and financial planning background, I still got my butt kicked all over the place, trying to figure out this whole IM thing. There weres a lot of things that I didn't know and I found no shortage of snakeoil sales people in this industry.

    Luckily, though, there are also a lot of good people and when I met these type of folks, I asked them questions, asked them if they needed help with anything, and I formed relationships that enabled me to learn how to run a profitable business.

    I know plenty of successful IMers who still keep their jobs because they like their job and their benefits. I know one guy who makes a high six figure net income from promoting CPA and affiliate offers, but absolutely loves his job as a teacher. So he still teaches.

    Another marketer, she's a florist, and she loves her tiny flower shop and wouldn't give it up for the world, despite the fact that she makes 5x more from her online business than her flower shop.

    If there's anything I've learned in this business, is that people are motivated by different things and do things that generally make them happy. Some entrepreneurs see their online business as a vehicle for helping do what they really want in life.

    RoD
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    • Profile picture of the author sarah23
      Originally Posted by Rod Cortez View Post

      I cringe when I see people post that they quit their job in order to pursue "IM" "full time". The problem with that is that life happens and study after study have shown that most people aren't financially prepared for it.

      Many financial experts state that you should have at least 6 months of living expenses saved up for an emergency fund, have adequate health insurance, life and disability insurance (if you have a family, for sure), and have a retirement plan in place. One financial planner that I admire, Ric Edelman, prefers that one has 12 months of living expenses saved up.
      Beautiful words Rod. I don't agree with 6 months savings as 6 months is a too short period to see the true results of your online business.
      I think it should be at least 12 months of savings.
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      Never be afraid of failures and success will follow you"

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      • Profile picture of the author Rod Cortez
        Originally Posted by sarah23 View Post

        Beautiful words Rod. I don't agree with 6 months savings as 6 months is a too short period to see the true results of your online business.
        I think it should be at least 12 months of savings.
        Agreed, though the 6 months is a commonly stated minimum as an emergency fund while one is employeed. Clearly, if someone wants to quit their job in order to start a business, it's going to be much, much bigger. When I had my financial practice I never gave a minimum until I knew my client's total financial picture.

        It wasn't uncommon of me to advise entrepreneurs who wanted to quit their j.o.b.s to have 36 to 60 months worth of living expenses saved up, depending on their business model and future financial projections.

        RoD
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        "Your personal philosophy is the greatest determining factor in how your life works out."
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        • Profile picture of the author abdulquddus
          My advice is to do both Job and IM simultaneously.. the moment you realise that IM is doing good for you.. just quit the job. I did the same thing
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  • Profile picture of the author flyingdutch
    fully agree with Cortez. Setting up an online business is very similar to an offline business. You have to learn, try, take responsibility, have enough funds to keep going for around a year or so etc.etc. Just buy a book on how to open a brick-and-mortar shop and you will know what is required for an online business. (well, actually , from my experience, an online business is MUCH more complex then an offline business).

    The primary thing you need, as in any business, is determination ON THE LONG TERM. There are no shortcuts. Not offline and not online.
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    • Profile picture of the author gsinfovision
      Banned
      Originally Posted by flyingdutch View Post


      The primary thing you need, as in any business, is determination ON THE LONG TERM. There are no shortcuts. Not offline and not online.
      I second that.
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  • Profile picture of the author RowenaFanning
    Considering the amount of work you need to put in to get something out of this activity, I would even consider it more than just a day job. You are your own boss, sales department, accountant etc. Every mistake you make or every little thing you forget to do will cost YOU. Definitelly not for everybody to do. If you spend too long pondering on this, just go back to your 9 to 5.
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    • Profile picture of the author flyingdutch
      Originally Posted by RowenaFanning View Post

      ... You are your own boss, sales department, accountant etc.
      Actually, the list is a bit longer.

      (I just cut and paste a section out of my last book)
      ________________________________________
      What kind of skills do you need to succeed online? Here is a long list..


      · Technical skills. It helps a lot if you know something about computers, HTML, webpages, etc. If you have NO technical skills whatsoever, you will have to learn a minimum of all this.


      · Graphics : In the same way, you are going to fiddle around with a lot of graphics, images, logos. This is not all rocket science. But if you don't know what pixels are, how to crop and resize a picture, you will have to learn those things.


      · Accountant : If you run a business, you HAVE to follow rather precisely what you spend, on what, what comes in, taxes etc.


      · Marketing: You will have to build up knowledge about marketing. How does this all work with opt-in boxes, email lists, etc. I don't say that you need to be a guru, but you have to master a minimum level on this.


      · Mathematician: No, you don't need to be Einstein. But it helps a lot if you can do some fast calculations of the top of your head. I'm always amazed by the number of people that have to take out a calculator to calculate their conversion rate when their page converts 20 visitors on 1000.


      · Writer. This is probably one of the major skills that you need. Or need to work on. And although more and more content is moving from written text to video and podcasts, written articles will remain there forever. Or at least, for the time I will be around on this planet.


      · Sales: You have to understand something about sales. What makes it that people rather buy product X than product Y. What influences someone to push him from sitting on the fence and turning him into a real buyer.


      · Research. This is one of the skills that we will discuss in much more detail in this book. As stated before, if you are not doing your research correctly (or not at all), ALL the rest that follows may be just a waste of time.

      Again, you don't have to become a master in all of this, but because you are going to be confronted with search engines, you have to understand a minimum about how they work, how they analyze words, articles and how they rank sites.


      · SEO (Search Engine Optimization). This is directly related to the previous item. If you DO understand what's important for search engines, you are going to spend automatically some time on SEO.
      Personally I hate it. Fortunately, there are lots of packages and software to help you with this rather boring task



      _______________________________________

      And I haven't even finished the chapter
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  • Profile picture of the author lgibbon
    Banned
    Originally Posted by gsinfovision View Post

    I see a lot of threads on the forum from people having problems
    I see a lot of threads starting with that sentence.
    What qualifies people to start handing out advice?
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  • Profile picture of the author CutPasteProfits
    Agreed. It wasn't until I was backed into a corner and FORCED to really make it happen. I learned a lot of internet marketing, but just didn't know how to apply it.

    When sh*t hits the fan, you will find a way to make it work. If you quit your job, and have no safety blanket, I can almost guarantee you'll get into gear and start making things happen!
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    • Profile picture of the author Tsnyder
      Originally Posted by CutPasteProfits View Post

      Agreed. It wasn't until I was backed into a corner and FORCED to really make it happen. I learned a lot of internet marketing, but just didn't know how to apply it.

      When sh*t hits the fan, you will find a way to make it work. If you quit your job, and have no safety blanket, I can almost guarantee you'll get into gear and start making things happen!
      Would you guarantee it by paying someone's rent if they don't generate
      enough income in the beginning?

      When the sh*t hits the fan is not a business plan. Having no safety
      blanket may be a motivator for a very few but it can also be a huge source
      of emotional turmoil for others which would leave them frozen in fear which
      leads to very poor decision making.
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      • Profile picture of the author CutPasteProfits
        Originally Posted by Tsnyder View Post

        Would you guarantee it by paying someone's rent if they don't generate
        enough income in the beginning?

        When the sh*t hits the fan is not a business plan. Having no safety
        blanket may be a motivator for a very few but it can also be a huge source
        of emotional turmoil for others which would leave them frozen in fear which
        leads to very poor decision making.
        No, I wouldn't guarantee paying someones rent. People are different and some know how to get resources and information they need quickly, some don't.

        I had an inconsistent casual job and it wasn't paying my rent. I had to sell things off to just to live. When life got real on me I turned the information I already knew about IM and gathered what I needed and applied accordingly.

        I freelanced a lot because I was good at writing, and while I still do, I work on my own projects on the side to eventually make passive income. The point is, if people need money, there are ways to do it. Writing articles or providing services doesn't take long to lean how to do. With a "ready to go" traffic source like Warrior Forum, it should be reasonably easy to get money coming in, while getting an education in marketing yourself There are also places like fiverr, freelancer, odesk, etc. for people to make money very quickly.
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  • Profile picture of the author amuro
    It is all about managing your time and doing what matters in both your job and internet marketing.

    For my case, I tried doing that 6 years ago. But found I spend more time on IM which affected my punctuality and working attitude at my job.

    So I have to make a decision to switch to IM full time.

    Market research takes time.

    Building a squeeze page and blog takes time.

    Driving traffic takes time.

    Same for list building and email marketing

    Another alternative is to outsource some of those tasks to freelancers at Elance, iWriters or O Desk.

    That is provided you have $.

    But quality may be compromised as the work done by them may or may not meet your expectations.
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  • Profile picture of the author Trey Morgan
    I believe that there is a mindset shift that has to be made in order to be successful online. You need to have self-discipline, perseverance, and the ability to take full responsibility over your situation.

    Building a business online is such a broad subject and it's similar to jumping in a sea full of sharks and trying to secure your meal while staying alive.

    Sometimes people get lucky and join the right opportunity at the right time, but most people end up in a situation where many offers are thrown at them that they get overwhelmed.

    If you decide to quit your job and pursue an I.M. career make sure you're prepared to struggle. At the end of the day it is your decision and a risk that could lead to many possibilities, good or bad.
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  • Profile picture of the author Devilfish168
    Originally Posted by gsinfovision View Post

    I see a lot of threads on the forum from people having problems choosing between a day time job and Internet Marketing every couple of days. I thought I'd share some of my leanings so you can make an informed choice.

    1. IM is NOT about living with your parents and casually surfing the internet in your bunny shoes - its a FULL TIME JOB.

    If you have a full time job, you'll have to answer to your boss and keep performing to get those paychecks every month.

    In internet marketing too you have a boss to answer to - its YOU. If you don't take ownership, you'll never succeed. And you have to put in MORE than 100% because there's no one else to look over your stuff during "break hours".

    2. Don't quit your job because IM looks trendy and "easy".

    Its not EASY. You have to take a lot of risks and be prepared to fail multiple times before fortune favors you. And sometimes, it just takes too much time and money to figure things out because the IM rules are dynamic - they are always evolving.

    And its definitely not "trendy" because you see a lot less people, work odd hours and are always worried about going out of work (you can blame the big G to some extent for that )

    3. Should you quit your job and get into IM?

    If you have a job and you love it, you shouldn't quit it just for the "adventure". Quit your job if you've started to hate even complements from your boss. Quit it if you can say "no matter what I will make it work".

    The moment you start differentiating between a day job and IM, you start disrespecting the profession and that is NEVER going to make you successful.
    good points...
    for me I hate my job is not use to be...yea office politics is getting more and more...last time Don't have so much .now..zzz
    presently i just concentrate amazon ..adsense ...

    just trying to earn a side income..I treat it..because it need times..to grow...

    my aim is at least one day can earn min 100 ..bucks per day constant..or days getting good results...thus I can afford some days no earnings....


    well I still continue do my full time job because of $$ seek...
    for our daily needs...

    cross my finger...hope one day can become IM full time..

    I still trying to scout one more stable affiliate stuff...

    actually click bank a bit hard for me...

    amazon wise..depend what niche ...I still having problems trying to get lot of sales...

    adsense wise...still waiting for the pin come..to activate my payment...

    so far just a few bucks....

    so any point to give me?

    guess presently I just need to concentrate on promoting amazon with adsense bro??
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  • Profile picture of the author Malteaser
    One hell of a great post! Very well said gsinfovision! It is something you need to enjoy too - you can't simply do it because you want to work from home. Motivating oneself is really not easy!!! If it weren't for my mentor, successful mindset training and my reason for wanting to this this... I would doing a full time job instead
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    • Profile picture of the author TreyW
      I put up a post recently that I'm quitting my job, burning my ships, and leaving the country and going on vacation for the summer! Also, that I'm going to devote a lot of time to IM. I'm not really in a unique situation. Lots of people hate their jobs, lots of people have stressful jobs, lots of people want to hope there is something better out there and their ship will come in.

      I'll admit I was a little dramatic in my post and was looking to get pointed to a few sites people may know of to do some quick research on a travel site I'm looking to start. The jury is still out on that.

      However, I DO have a unique situation in that my wife is from another country and we will be staying with family, I will be completely out of debt when I leave, and I do have a good base knowledge of the particular style of IM I like to use. I will also have a home to come back to and with the sale of my current house, money in my pocket for 8-10 months.

      Trust me, I'll be working very hard while I'm on "vacation" to get things off the ground and flying. ( I will also be on these boards a lot more asking for help! )

      When you are just starting out and trying to make money at this the learning curve is huge. It's so big that most people drop out after a few days or weeks and never do anything in IM once they find out that they aren't going to get rich quick. Others, like me, have some successes but have yet to really hit it big.

      Make no mistake, this is a FULL time job with OT that you won't get paid for for quite awhile. Anything you do today could take anywhere from 2-6 months before you even find out if it will work!

      Trust me, you will know when it's time to quit your day job. It will be blatantly obvious to you and you won't have to ask anyone. Until that day comes, keep swinging for the fences! It's all going to be worth it.
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  • Profile picture of the author Omar White
    Originally Posted by gsinfovision View Post

    I see a lot of threads on the forum from people having problems choosing between a day time job and Internet Marketing every couple of days. I thought I'd share some of my leanings so you can make an informed choice.

    1. IM is NOT about living with your parents and casually surfing the internet in your bunny shoes - its a FULL TIME JOB.

    If you have a full time job, you'll have to answer to your boss and keep performing to get those paychecks every month.

    In internet marketing too you have a boss to answer to - its YOU. If you don't take ownership, you'll never succeed. And you have to put in MORE than 100% because there's no one else to look over your stuff during "break hours".

    2. Don't quit your job because IM looks trendy and "easy".

    Its not EASY. You have to take a lot of risks and be prepared to fail multiple times before fortune favors you. And sometimes, it just takes too much time and money to figure things out because the IM rules are dynamic - they are always evolving.

    And its definitely not "trendy" because you see a lot less people, work odd hours and are always worried about going out of work (you can blame the big G to some extent for that )

    3. Should you quit your job and get into IM?

    If you have a job and you love it, you shouldn't quit it just for the "adventure". Quit your job if you've started to hate even complements from your boss. Quit it if you can say "no matter what I will make it work".

    The moment you start differentiating between a day job and IM, you start disrespecting the profession and that is NEVER going to make you successful.
    Hi gsinfovision

    I totally agree with you regarding that "If you have a job and you love it, you shouldn't quit it just for the "adventure"

    the adventure is great I know but : IM requires WORK and sometimes you need to work on your business more than you do in your 9 : 5 JOB.

    also , IM is Easy If ( and only IF) you know how to "Work the System" because It has been said before : System Works It's People that Fail

    - Oliver
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  • Profile picture of the author Mindz
    My suggestion : Learn as much as you can first. Stick with one thing and progress. But don't quit your job until IM shows you a road you can follow.
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  • Profile picture of the author nim84
    People need to thinking about building a business whether that be online and offline

    I myself am about to get involved in an offline business and are approaching it like anyone else would offline - create sales forecast, do a business plan and profit and loss predicitor.

    The same needs to be applied online - create a spreadsheet and document everything you spend money on like hosting, domains, outsourcing so you know exactly what kind of resources you are putting into the business.

    This will make it more like a business rather than a hobby

    Also you should only quit you're job when you feel ready to and when you can confidently pay the bills for at least 3-4 months in case the internet switched off as a worst case scenario
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  • Profile picture of the author GGpaul
    I had a heart to heart conversation with my boss yesterday. He runs an online marketing business on the side... and he knows that eventually I want to leave my work and go business full time. For the amount of time I've been here, my boss has been telling me that there will be a time where you will decide whether or not it's right for you to leave your job and go do business full time. He flat out told me that even though he was making a good amount of sales the other day on his side business, he couldn't leave his job yet. A prime example is that he's actually been losing money the past couple of days and he knows he will be losing more the next couple of months. If he had jumped the ship sooner and left his job he knew he would have been in deep s#@^.
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  • Profile picture of the author Chri5123
    I look at it like this:

    You can either help your BOSS sell something and represent THEIR company.

    That is fine and there is less stress that way for sure. There is nothing "bad" about a job - the key is finding a job you enjoy.

    If you DO decide to go to IM - understand that you will need to SELL.

    I think that sometimes it can look like you switch your computer on, press a few buttons and money comes flying in to your bank.

    However, remember that a business online is no different to a business offline.

    The only thing that changes is the medium of communication.

    Before you get into IM learn about selling and business offline.

    At least that is my nugget of knowledge after working online for 10+ years.

    Chris
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  • Profile picture of the author Stuart Walker
    There's a lot to learn in IM that simply browsing forums and blogs and buying WSO's and reading them without actually putting into action is NOT enough to prepare you for what it takes to succeed.

    You'll likely try and fail multiple times before you have a successful online venture.

    It could easily be a year or two before you're at the point where you REALLY 'get it' and are able to do what needs to be done to make a full time living from it.

    Don't quit your job if you're not making money and have no real experience with IM under your belt.
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  • Profile picture of the author Greenville
    Success rarely happens overnight. It is a mistake to believe that anyone can succeed with an online business any more than anyone can succeed with a brick-and-mortar business. Even though McDonald's and Burger King have made ​​fortunes selling burgers, it does not guarantee success to those who want to emulate them.

    Unfortunately this is the approach of many. They see the "possible" results but have no idea of ​​the effort and commitment it takes to get there. How can we blame them when we see all the "easy" methods offered to earn money online? It is easy to fall into the trap.

    If you want to quit your full time job to earn money online and you are really determined, you first need to know in which adventure you are going. You're ready to put all efforts to succeed? Start now while keeping your job. When your online income will exceed your job income, you will have the experience and knowledge necessary to work online full time.

    Otherwise, there is a good chance that you will have to look for another full-time job in a while and maybe it will be worse than your current job!
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  • Profile picture of the author jasondinner
    You shouldn't quit your job until you have been able to sustain your current lifestyle with only the money you make from your online business for at least 6 months or more.

    And if you're job covers your health insurance, factor that in to your monthly nut plus a few hundred more as you probably get a lower group rate where you work.

    Although nowadays, lots of people are having to pay for some, if not all, of their insurance at their job.

    My old job was like that. Started at 0%, then 25%, then 50%, then I was paying for the whole thing - about $1500 a month and the insurance sucked.
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