Don't Quit Your Day Job.

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.

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!

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.

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.

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.

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.

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.

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.

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.

Good advice there,you should definitely wait until your financially secure before you quit
the 9-5 job.

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.

yes,offline work is quite Good $$ for me
i will save little money from my offline job for my online site