1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Before you quit your job or school to pursue IM full time, please read this.

Discussion in 'My Journey Discussions' started by Sherbert Hoover, Nov 24, 2015.

  1. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

    Joined:
    Dec 26, 2010
    Messages:
    1,090
    Likes Received:
    9,152
    Occupation:
    ORM - Content - SEO - PBN
    Location:
    Anywhere but the UK
    This is a result of this thread: http://www.blackhatworld.com/blackh...-do-die-i-left-my-dayjob-pursue-my-dream.html and a few others I have seen along a similar vein.

    "Internet Marketing", the broadly adapted term for making money online, is not a guaranteed save-all.

    If you think you can quit your day job and start IM full time and make enough to support yourself and/or others without a cushion, you are fucked. Why?

    1) You were unable to handle a terrible day job in the first place,
    2) Your head is in the clouds if you think you'll "never have to work for "the man" again,
    3) Nothing about IM is stable or guaranteed,
    4) If you've got an idea, it's either been done to death at this point or is extremely high risk.

    Do you want to pursue IM full-time? Unless you want to end up back in the working world slaving away, I highly suggest following this metric:

    1) Develop a solid plan of action. Set goals, milestones, and timelines. Do this several months out at least, and sketch out how you plan on getting there.

    2) Have a fall back option. If you have no marketable skills and your magic dream does not pan out, what will stop you from being another unemployed sniveling nutcase?

    3) Have enough saved up to last you at least a year. This goes double if you have a family depending on your income to sustain. I've got $80K saved up. I make more doing "IM" work than I do in my 9-5. I still work a day job, and still plan to, at least for another few years. Why? Because I have someone depending on me, because the benefits are nice, and because I'm not comfortable with the instability of the niche I am in.

    4) Expect failure. An amazingly high percentage of "IM" pursuits end in failure. How many of these My Journey Discussion threads have died out, not been updated, or ended in failure. "OP, where'd you go?" "Any updates on this?". Why do you think that is? Failed attempts. If you think you will shit the golden egg the first time, the second time, even the third time, you are very, very highly mistaken.

    5) Be passionate about what you want. Don't niche hunt for something you have no interest in, or you will end up in the same miserable scenario you were in before. Like biking? Make it work. Don't start a site about bed frames because there's "profit potential". Unless you like bed frames too.

    I've seen so many delusional-ass threads on here about quitting jobs or quitting school. Get real, man (or woman) the fuck up, and create something that matters before you waste years of your life with nothing to show for it.

    ---

    To conclude...

    If you have created what you think is a solid business plan, or you want a site critique, or you have questions about how much to save before going AWOL, or questions about anything else I have written, please feel free to PM me. I will help you for free, because I'm sick of seeing idiots fail because they lack the common sense to be prepared.

    EDIT: Removed specific journey-bashing tirade.
     
    • Thanks Thanks x 17
    Last edited: Nov 24, 2015
  2. wizard04

    wizard04 Elite Member

    Joined:
    Apr 1, 2014
    Messages:
    2,700
    Likes Received:
    2,538
    Location:
    Outside your house
    I don't see a problem with the member journey.

    Some people can't understand that sometimes you need to put your ass on the line to succeed. The man made a choice to dedicate 3 months of his life so he can fight for a better future, I don't see anything wrong here.

    Not everyone have the luxury to work and do IM, lot of the low paying jobs are labor intense and you can barely have energy to go home shower and sleep.

    You don't understand that man don't have anything to loose expect for few lousy paychecks, not like he is quitting from 10K/m pay.



    P.S. Also its not cool to open a thread just to talk about other member journey....and never the less you have open the thread in the journey section.
     
    • Thanks Thanks x 12
    Last edited: Nov 24, 2015
  3. Thenub

    Thenub Jr. VIP Jr. VIP

    Joined:
    Jul 11, 2015
    Messages:
    1,330
    Likes Received:
    478
    Gender:
    Male
    Location:
    C A L I F O R N I A
    Totally agree with this!
    So many people think they're going to magically make money online and just quit their dayjobs without having a solid plan.. Which will result in failure and back to their dayjob

    But if you do have a great plan and dedicated, then its a higher chance of success. Even if you totally fail, you still gain experiences and learn so it's a win both ways i guess. As long as they know the risks, its up to them to start their journeys
     
    Last edited: Nov 24, 2015
  4. Cnotey

    Cnotey Power Member

    Joined:
    Jun 25, 2010
    Messages:
    713
    Likes Received:
    915
    Location:
    Seattle
    Home Page:
    Some people also need to keep in mind that no matter how "smart" they are, IM may not be for them.

    I didn't make a ton trying to push other people's products. But as soon as I switched to creating Android Apps I made money immediately. It just wasn't in the cards for me to peddle other people's crap. I had to create my own products before I started making money.

    The lessons & skills you learn are invaluable, no matter what business you end up in. But for me, and I'm sure quite a few other people, IM is just a stepping stone.
     
    • Thanks Thanks x 2
  5. Jared255

    Jared255 Jr. Executive VIP Jr. VIP Premium Member

    Joined:
    May 10, 2009
    Messages:
    2,004
    Likes Received:
    1,906
    Location:
    Boston, MA
    Disagree very strongly in the case of that guy... posted here.

    My edit starts with "EDIT: THE F*CK?" because I was so surprised at what everyone had posted.

    Why should that guy stay working at a sh*t job for another second of his life when he has living expenses built up?

    Seems like he would look back and think his life was wasted if he didn't take the plunge. He said multiple times that he is miserable at those jobs.

    If he takes the plunge and fails, he can always get another sh*t job three months down the line and his life will be exactly the same as it is right now.

    Jared
     
    • Thanks Thanks x 6
    Last edited: Nov 24, 2015
  6. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

    Joined:
    Dec 26, 2010
    Messages:
    1,090
    Likes Received:
    9,152
    Occupation:
    ORM - Content - SEO - PBN
    Location:
    Anywhere but the UK
    Wizard, Cnotey and Jared, I respect your opinions and appreciate you taking the time to respond to the thread. Especially being three who have actually made it. The risk-averse analyst in my respectfully disagrees, although you have all brought up solid points that cause me to put my original opinion into question.
     
  7. Sythix

    Sythix Senior Member

    Joined:
    Sep 29, 2014
    Messages:
    1,068
    Likes Received:
    701
    Location:
    127.0.0.1
    IM is a game of falling and getting back up again, that dude is probably about to experience a life changing experience, and it can go either way.
     
  8. blogzandstuff

    blogzandstuff Elite Member

    Joined:
    Jan 1, 2015
    Messages:
    5,707
    Likes Received:
    2,636
    Occupation:
    blog creator
    Location:
    UK
    upperminds has made a good point, do what's interesting to you, what you enjoy doing. Slugging away on a niche that you have no interest in is hard and tedious. If you enjoy what you do then success will follow
     
  9. SocialTrafficker

    SocialTrafficker BANNED BANNED

    Joined:
    Nov 24, 2015
    Messages:
    50
    Likes Received:
    18
    Great post OP! I kinda learned this the hard way! xD
    I was depending on a single dating offer ((I made tons of money with it)) I seriously thought i would be set for life! I dropped out of my last year in school to work full time, i made even more money for a couple of months and then my income started to decrease. I had rougly 35k saved and used most of it to grow a couple of Instagram accounts - It saved my ass, if i didnt do that i would be broke as hell and still live with my parents. But for a while i panicked and didnt know what to do, with that being said i'm going to finish my last year in school next year...Just to have a plan B!
     
  10. Sythix

    Sythix Senior Member

    Joined:
    Sep 29, 2014
    Messages:
    1,068
    Likes Received:
    701
    Location:
    127.0.0.1
    I would never quit my job if my only source of income was from a social account, or even several, what a terrible idea.
     
  11. SocialTrafficker

    SocialTrafficker BANNED BANNED

    Joined:
    Nov 24, 2015
    Messages:
    50
    Likes Received:
    18
    Keep in mind that i'm soon turning 19.
    Its not like i would be homeless if i ran out of money.
     
  12. whiteblackseo

    whiteblackseo Jr. VIP Jr. VIP

    Joined:
    Apr 11, 2015
    Messages:
    2,486
    Likes Received:
    925
    Home Page:
    I would never quit my day job, if IM fails where am I going to go...? My mom doesn't want me back...
     
  13. Reaver

    Reaver Jr. VIP Jr. VIP

    Joined:
    Aug 6, 2015
    Messages:
    1,904
    Likes Received:
    5,458
    Gender:
    Female
    What you say applies to the majority of IM cases. But there are always exceptions.

    In my case I've been making money as a content writer for 10 years. So I'm already used to failing and succeeding multiple times. But a newbie needs to have more realistic expectations.

    I agree with you but also agree with the people saying sometimes you have to do what you have to do. It goes both ways. Each person should just do what they think is right for them. While I tend to think most of the time it's stupid to quit your job to pursue IM bc you don't know if you're going to make it or not, it's not my life or my decision to make.
     
  14. johndavis74

    johndavis74 Jr. VIP Jr. VIP

    Joined:
    Oct 11, 2013
    Messages:
    170
    Likes Received:
    74
    This is a tough business. I have done it for 11 years full time and made a lot of money but I have seen a lot more fail than have made much money but I think it is more about attitude and hard work than any other factor. I have a great method that I have used for a long time. I have had to change things many times because of changes.

    So six months ago I had a guy buy a site from me for a few hundred dollars and long story short he told me this sad story and how bad he needed to earn money. Every day he would contact me about how he could make money so I tell him I would give him a good method and he could keep 40%. He made up every excuse in the world why it didnt work. "My computer was broke" "I was sick" ect. For six months this has went on. While I do the same thing as I told him to do and make 5 figures a month. He is always telling me he thinks he has a different way to make money. He is always looking for something easy to make money without having to work and will spend his time looking for a short cut instead of putting in the work and making good money.

    This is so common in this business. Guys think something will work and when they find an issue with it instead of looking for a work around the issue they look for another easy method.
     
    • Thanks Thanks x 1
  15. Sythix

    Sythix Senior Member

    Joined:
    Sep 29, 2014
    Messages:
    1,068
    Likes Received:
    701
    Location:
    127.0.0.1
    I'll give your method a case study if you'd like to share. :)
     
  16. Jared255

    Jared255 Jr. Executive VIP Jr. VIP Premium Member

    Joined:
    May 10, 2009
    Messages:
    2,004
    Likes Received:
    1,906
    Location:
    Boston, MA
    I totally agree with your risk analysis point, too.

    I think it all depends on the situation the person is in. Like, if the OP in the post had tossed in that he had a kid... I don't think anyone would disagree that he should stay stable until he can get risky.

    I assumed by his writing / state of mind that he was single, male, and young, and totally stuck at rock bottom because of minimum-wage jobs. Having experienced this myself, the only thing that helped was saying "f*ck it, I QUIT" with absolutely no backup.

    In three months, I wasn't doing great, but I was about 100x happier than I was at those terrible jobs, despite being more than flat broke. And everyone was telling me to keep those jobs until I had something stable lined up... I saw a striking resemblance to my past situation and the OP's post / the replies given. Couldn't let it go! Had to scream and shout a bit :p

    Cheers

    Jared
     
    • Thanks Thanks x 3
    Last edited: Nov 24, 2015
  17. Skyebug77

    Skyebug77 Jr. VIP Jr. VIP

    Joined:
    Mar 22, 2012
    Messages:
    2,016
    Likes Received:
    1,422
    Occupation:
    Marketing
    Location:
    Portland,Or
    Very good post. They shoudld make this thread a sticky somewhere.

    The biggest thing people do is not create a plan at all. They just jump in head first with no direction. So I would say this is the most important thing for new people to focus on when they start, actually before they start or leave their paying job.
     
  18. AdludumAndre

    AdludumAndre Registered Member

    Joined:
    Mar 21, 2015
    Messages:
    51
    Likes Received:
    8
    Occupation:
    CTO & Co-Founder of Adludum.com
    Location:
    Germany
    Home Page:
    Vote 4 Sticky.

    It's not about telling people: Don't quit your job / leave school to do IM fulltime! It's just a good overview about FACTS!

    What upperminds have written are not opinions, that are the true facts. It's a good warning for people to not being naive and think IM is a golden egg that will plan out for sure.

    Have a good backup, a really good plan and keep in mind: IM is still a job. And it's not liek a 9-5 job, where you have your save money every month. If you are ill, don't work or just fail will a method, you will not see a single penny! Try to cover your risks as much as possible and better think twice before you leave a job or school.
     
  19. asap1

    asap1 BANNED BANNED

    Joined:
    Mar 25, 2013
    Messages:
    4,961
    Likes Received:
    3,185
    Yeah I hate seeing people say they quit their day job for IM.

    This is ok if you are already making ok money and know exactly how to grow your income.

    But if you are still trying to figure things out then keep your job.
     
  20. faithjhung

    faithjhung Jr. VIP Jr. VIP

    Joined:
    Jun 5, 2009
    Messages:
    1,769
    Likes Received:
    1,039
    Location:
    New York
    Everything is not permanent. Even though you have an offline job, the next day, you may find yourself fired or the company goes bankrupt. Nothing is stable nowadays.
    I have an offline job too, and it goes great. I think IM is my passion for now and am trying to choose where to go.
    BTB is a full time IMer and it goes great for him, i think. I hope he shares something