Don't Quit Your Day Job.

by IM Pro
16 replies
When first starting out in IM it can seem like this is so much more profitable then any 9-5. It can be, BUT, unless your making a sustainable income for a while, and not just from getting lucky with one thing, payday can be difficult.

A 9-5 gives you a pay day weekly or biweekly and if for what ever reason, you hit to many walls and IM is simply not for you; you can still rely on the regular job to pay the bills.

*Make sure you've been making money for a while before quiting the 9-5.
#day #job #quit
  • Profile picture of the author lduan2009
    Totally agree! The quitting must happen at the time when the income is stable in order to make our life easier and less stressful or no stress.
    {{ DiscussionBoard.errors[2541658].message }}
  • Profile picture of the author peterzeller
    Absolutely right! I started in March 2009 and for me it takes a few months before getting "enough" commissions, like any new business in can takes time, someone just can't expect to quit is job and have a good payday in the next week!
    Signature
    7 FREE Internet Marketing eBooks
    ____________________________
    Premium Sales Web Page Templates -
    Six Brand-New, Richly Detailed, Eye-Catching, Easy To Use High Quality Premium Designs Created By A Marketer Specifically For Marketers...
    {{ DiscussionBoard.errors[2541728].message }}
    • Keeping the day job does make sense but one thing we must be aware is,

      even if our income becomes sustainable, we'd probably have to keep working


      in order to maintain the sustainable income.

      I used to think IM was a way to the total freedom. I was wrong. I now think IM is more like self employment. I used to have a day job. That took all my energy out of my life. It paid my bills but I hated the job. I had no energy left to do anything else when I came home.

      If money was my only interest to do IM, I'd probably feel that I'm forced to do whatever I do to keep the money coming in. Then I think that is not much different from the day job. IM can be better than that.

      I like IM because I'm passionate about what I do. The passion drives me, not the money. Don't get me wrong, I don't disagree with keeping a day job, but sometimes, some people cannot focus on more than one thing. If they try, nothing thrive. Sometimes, focus brings much greater rewards. I'm one of those people who can only thrive if 100% focus is paid...
      {{ DiscussionBoard.errors[2543039].message }}
  • Profile picture of the author spudnick
    I also find it interesting what different people consider an ideal condition to leave their 9-5 job.

    For example, the only way I would quit my day job is if I could live on a completely (or near complete) passive income. Not having to work.

    I see a lot of others actually replacing their day job with an IM job - and then quitting their day job.

    Nothing wrong with this at all - just need to make sure that if you are quitting your job to be free of it, you are not just replacing it with another job.

    In my experience, IM is a lot harder work then my day job (and for me anyways, pays a lot less). Hope to change this in the future.

    My 2 cents.
    {{ DiscussionBoard.errors[2543432].message }}
  • Profile picture of the author medgar
    I like my day job, teaching English to classrooms of quiet, courteous Chinese students. But I also like the income from internet marketing. In both jobs I never have to say "Yes, Sir; No, Sir; three bags full, Sir."

    Just lucky, I guess.
    {{ DiscussionBoard.errors[2543526].message }}
  • Profile picture of the author paulie888
    I totally agree; it is easy to see a quick burst of cash with IM (in my experience) but the trick is knowing how to develop that into a sustainable income. I waited about 8 months before leaving my job (this was when I felt fairly confident about my IM efforts and the income was coming in on a consistent basis), so you should not jump the gun and quit your job until you see at least a few months of consistent IM income generated from your efforts.
    Signature
    >>> Features Jason Fladlien, John S. Rhodes, Justin Brooke, Sean I. Mitchell, Reed Floren and Brad Gosse! <<<
    {{ DiscussionBoard.errors[2543590].message }}
    • Profile picture of the author Dellco
      Something else to consider before quitting - It can be hard to get employed again if you ever want to go back to working a 9-6 job, if for whatever reason your IM biz doesn't work out later.

      Companies don't like the idea that a would-be employee knows of ways to generate cash outside his/her salary. It's never spoken, but it's understood.

      The mentality of companies is they want you to be subservient to them, and the more desperate you are, the better. If they know you know how to make money outside of normal employment, they will pass you up for another person whom they feel will be more subservient or desperate, or obedient...whatever you want to call it.

      So consider this before quitting.
      {{ DiscussionBoard.errors[2543668].message }}
  • Profile picture of the author SteveSki
    Only a idiot would quit their day job to work at IM without first proving that they can make it work for them on a part time basis. I myself burned my bridges many times by quitting my day jobs for Pie-in-the-Sky-MLM schemes before being able to first replace the income a day job provided.

    I was an idiot and did not succeed in business big until I moved from the USA to Australia and could not find employment due to my age and lack of a stable employment history. It was hunger that forced me to finally get off my rear end and perform the actions that create results.

    I quit MLM, picked up my camera and started shooting and selling portraits like crazy. Went from almost Zero income to earning as much as $20,000 from a single weekend of shooting portraits and now employ several other photographers to shoot the portraits for me.

    Here's what made the difference.... up until moving to OZ I felt that if things didn't work out I could always find another job but the truth was I was just too lazy to do what it really takes to succeed in any business. I knew what needed to be done but never gave it a 110% effort until I had no other choice...

    Hunger forced me to overcome my laziness and my fears and forced me to work harder for myself than I ever worked for a boss. Before quitting your day job make sure you have the skills, knowledge and drive to do what it really takes to succeed in a business of your own.

    If I were wiser, I could have kept my day job and earned a living working 9 - 5 and built up a real business in my spare time on weekends and evenings, banked my moonlight profits and been a millionaire many times over by now.

    Instead I wasted my first 50 years spinning my wheels and just got lucky that no one would hire me to work for them. If I had landed a minimum wage job I would never have become hungry enough to turn the knowledge I picked up over the years into enough action to succeed. Keep your day job until your IM or other moonlighting pursuits are paying off for you and you have developed enough discipline to grow a large bank account.
    {{ DiscussionBoard.errors[2544030].message }}
  • Profile picture of the author JustinDupre
    Yep I agree, you must make enough money online first before consider quitting your day job. It takes time and energy to build up a system and network where you can start bringing in the monies.
    Signature
    I offer CPA coaching and investment opportunities for those SERIOUSLY interested in making money directly or indirectly with affiliate marketing. PM me for details.


    Read More about CPA/Affiliate Marketing on my Blog
    {{ DiscussionBoard.errors[2544215].message }}
  • Profile picture of the author SoftwareProjects
    GaryVee has a good way of addressing this - start by cutting out watching "Lost" and other activities you do after 8pm and focus on building your Internet Marketing business.

    Don't dare quitting your day job before your Internet business more than replaces your dayjob income AND you have ongoing residual income coming in, vs one-off capital gains.
    {{ DiscussionBoard.errors[2544576].message }}
  • Profile picture of the author Gary Pettit
    This is excellent advice. Diving in with both feet is great, but only if you can afford to pay the bills. Small businesses fail so frequently because they start out in debt; #1 reason. So your at-home business also deserves the chance to work itself out, without the owner (you) going into debt to do it.
    I left my day job the very moment the math worked: "I can make $xx/wk commuting 40 minutes one way, 5 days/week. Or I can make the same $xx/wk at home." I never left home after that.
    {{ DiscussionBoard.errors[2544689].message }}
  • Profile picture of the author PeterDunin
    Good advice there,you should definitely wait until your financially secure before you quit
    the 9-5 job.
    {{ DiscussionBoard.errors[2544908].message }}
  • Profile picture of the author Devon Brown
    I couldn't agree more. I've been saying this for years to a lot of people who say they want to quit their job to be full-time IMers. I let them know they have the best funding for their online business if they keep their day job.
    {{ DiscussionBoard.errors[2545020].message }}
    • Profile picture of the author jrom
      I agree, too. If I had a day job, I would keep it until I got successful in IM. I am in construction, which in Nevada, has about 33% unemployment and that includes me. I am trying to get jobs, as I do need to pay the bills and feed the family. But, I do agree with the whole idea of keeping the day job until you don't need it anymore.
      {{ DiscussionBoard.errors[2545061].message }}
  • Profile picture of the author ceweqsakti
    yes,offline work is quite Good $$ for me
    i will save little money from my offline job for my online site
    Signature
    STAY HUNGRY STAY FOOLISH
    {{ DiscussionBoard.errors[2545090].message }}

Trending Topics