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How stable do you feel with IM supporting you for the rest of your life?

Discussion in 'BlackHat Lounge' started by deviatus, Apr 2, 2012.

  1. deviatus

    deviatus Power Member

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    For other people who've made IM their full-time career, how stable do you feel in this supporting you for good?

    I hope to make enough to where I could retire at 40 if I wanted to, in case the money dried up, so I wouldn't have to rely on G or whatever the next big wave will be. But to reach my true goals, I want to eventually broaden beyond just making sites and doing SEO.

    SEO when you break it down, is marketing. Ancient merchants and traders used marketing. A lot of what we have is transferable. But if all you're good at is backlinking and building the most basic sites following the most basic methods, you might get left behind.

    A lot of people here don't have a higher education and the affiliate companies they've joined would be their whole resume. I bet a lot of you have thought if you could "black hat" your resume if you ever needed a job. You don't have to treat this like a strict 9-5 job, that's one of the benefits, but you need to plan for the future because this isn't a stable 9-5 job.
     
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  2. florflor

    florflor Senior Member

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    Well bear in mind that once you go self-employed, the "employed world" looks down on you and hard to get back in.

    I've been 5 months FT and struggling and I can't get anything but an entry level job. So I'm kinda stuck now.

    oh yeah, I have a good college degree too. But now it counts for jack.

    edit: I meant 5 years, not 5 months.
     
    Last edited: Apr 2, 2012
  3. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    I am betting on it. :)

    Nothing else to fall back on brah, its all or nothing.

    However I feel confident that I will be able to make it in the IM industry :)
     
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  4. seoguy81

    seoguy81 Power Member

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    I moved into full time IM two years ago, after more than 6 years of grinding the mill in a full time job. Yep, there were some good times and hard times (especially in the beginning) but once the ball got rolling, things were back on track.

    Heck, I make more than what my full time job used to pay (of course, I slog it out beyond the 9 - 6), but at the very least, when the sun is out I can put my work on hold and enjoy life and can go on a 2/3 day trip without having to ask anyone permission.

    If you treat IM like as if it was a business, setting yourself targets and plans for the month ahead then it can be as good as it gets. I have my own 'micro business' so to speak. I pay my taxes and get the social benefits.

    SEO/backlinks and all are just means to the end, without a proper plan, one wouldn't get much far ahead in IM.
     
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  5. SyZygy

    SyZygy Senior Member

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    Nobody can guarantee you success in the business world, it's not only IM, other niches/categories are also included. The only thing which you can do is not to be stupid and reinvest some of the earned money in to your brand, your knowledge, education and other similar things which can stay in your CV and/or bank account.

    Save some money for the future, invest in to education, automate some projects, live your life.
     
  6. BLIXX

    BLIXX Regular Member

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    I've never had a 'real' job in my life. Straight from college (graduated in 2000) into IM; from IM, into diversification of income streams, using IM money to do so.

    I've learned gobs along the way and failed far more than I have succeeded; but, my successes (from a financial standpoint) far outweigh my failures.

    The saddest thing about IMers is that - as an IMer - they, by definition, put WAY too many eggs in one basket. What is perhaps sadder is that in spite of how one warns them that this is the case, they continue to travel on their merry way until that initial crisis that awaits us all: One has either planned for this crisis, or one has not.

    Long story short, the best use of IM money is to diversify into other, usually far more profitable, income streams that have nothing to do with the Internet. The best argument for this without going into particulars is that the Internet now changes far too fast to make long-term projections. Indeed, this rate of change is exponential.

    What stops IMers far more often than not from actually doing this is that they don't deal with real people very well, and making money in the so-called real world requires that above all else.
     
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  7. ajithrocksca

    ajithrocksca Jr. VIP Jr. VIP Premium Member

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    I still continue with IM just for the thrill of it.. i diversified in to other businesses a year before.. but IM is still my first love.. because it helped me to prove a point to the world (especially who cherish the 9 to 5 job) that there are other ways to become successful as well.

    Hailing from a poor family i did my engineering and got placed in a top software company, and to everyone around (my family and friends) that was it. However I quit the job in 9 months to take up IM. I was ridiculed, because I did not want to join the race which will be run for a duration of 30 years and where you will be constantly judged by others, I wanted to control my life and I am happy with what I did.

    I am very happy I took the right decision. However IM is not for you if you are looking for stability. I made 1000+ dollars a day in the live streaming, tv shows niche and with a small policy change in google, i was brought to my knees and it took me months before getting another viable alternative.. so if stability is your only aim, then quit this and take up a job asap. or be clever and invest the money you make and diversify in to other areas.
     
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  8. Tony Barns

    Tony Barns Regular Member

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    I immigrated to America about 5 years ago and got into IM about 2 years after, I was always planning on getting all the paper work sorted out but my mum passed away, wife got pregnant, car troubles etc.. Now I got to find someone to sponsor me after I come up with cash to pay for it all. So this is why I do IM full-time

    I have had some jobs over here but been ripped off so much it's just not worth it. I don't make enough cash to support my family but the extra cash does help.

    I know I know I should have got my priorities straight and got my green card but it's not as easy as it looks (on top of all the problems I have had) plus being married and having kids here doesn't mean anything. They can refuse me for any reason, not that there are any obvious ones.

    Thought I'd explain since my situation is a little different than most.
     
  9. joaquin112

    joaquin112 Regular Member

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    If you honestly think that you can live from IM for the next 20-30 years, then you're probably going to be disappointed. Think of how much IM has changed in the past 3 years, and think how much it's going to change (it will be totally unpredictable). Also, it's going to change faster and faster (and become more competitive) as more people who want to make money online enter the business.

    My advice? Make as much as you can as quickly as you can and invest offline. Keep making money online for as long as possible, but stop depending on it.
     
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  10. deviatus

    deviatus Power Member

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    The internet will still be here 20-30 years from now, so will marketing. And you can have enough success in one year at IM to live on that for years. So it'll still be viable, just much more complex. And it will be the old dogs that dominate.

    Just look at any other industry, the old dogs are running it. As the internet ages, so will we form an older elite class. The people aged 18-30 right now will still own the internet.
     
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  11. joaquin112

    joaquin112 Regular Member

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    Yeah and where did I say that the internet wouldn't be around in 20-30 years? The internet is going to get much more competitive in the next couple of years, and what's going to happen in 20-30 years is anyone's guess.

    Lastly, the internet is not like any other business. At all. In just 15 years the internet has transformed from a few thousand shitty table-based websites to millions and millions of awesome CSS, jquery and web 2.0 sites. Like I said, it's getting more and more competitive, faster and faster.

    All that said I love the internet and I'll make a killing for as long as possible, but relying on something as fast changing and competitive as the internet seems a bit silly.
     
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  12. NichePazloe

    NichePazloe Junior Member

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    IM is the most unstable industry to work long-term. Diversify and never get complacent. What works today, may not tomorrow. Im setting myself up by using online income to fund offline ventures.

    Do i think IM can support me for a lifetime? Depends what day you ask me:D
     
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  13. blackhataffiliate

    blackhataffiliate Senior Member

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    I have been doing this for several years on a full time basis and I have been fortunate. I run my business as a business and pay myself a modest salary and contribute to a Roth IRA. My wife works at the hospital and provides our benefits. I have diversified income streams through IM and and currently building a web hosting business. Right now I feel secure.

    However, I am not above doing what I need to do to survive and if it all ended tomorrow, I would get a job doing construction so that I could take care of my family.
     
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  14. Danny1111

    Danny1111 Elite Member

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    Make as much as you can now and diversify ASAP

    Also start looking at how to get clients - so that no matter what if you get sick or something you still get paid.

    IM is no more insecure than any other job these days.
     
  15. deviatus

    deviatus Power Member

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    Are you implying that because of the fast rate of change and increased competition (as well as increased market) that someone successful at IM right now won't be seasoned enough by that time to still rely on it and compete?

    There's going to be people making money from the net in 20-30 years, and the people that will best be able to take advantage of that are the ones doing it now. Only scenario I can think of that could stop that is if a handful of huge companies controlled 90% of the internet and it's commercial activity. But the internet is less susceptible to that than other platforms.
     
  16. psytrance

    psytrance Power Member

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    "but you need to plan for the future because this isn't a stable 9-5 job."

    where are you from???

    my country is fucked up.. unemployment is over 20% now... i fell more safe working online. thats for sure :)
     
  17. seoguy81

    seoguy81 Power Member

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    The Internet is only a medium for businesses to operate. In fact its been the main reason businesses have adapted to the change (and so have we). You are right that things will change, heck even tools like SB/Xrumer might be obsolete in few years time (look how much WP has evolved for the matter for ex.), but that doesn't mean it will offer less opportunities.

    Change doesn't happen overnight, it evolves and those can keep up to speed will just continue to ride the surf.

    Competition is everywhere, not just with websites. It is competition that will set aside the money makers from the rest (not to forget the thrills) and maybe in this context you are partly right to say that for those who do not/will not keep up with the new trends will soon fade away.

    Full time IM is just like having a full time job. Both have their own pros and cons, at the end, its up to the individual to choose what they feel is more comfortable.
     
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  18. Infiniti

    Infiniti Newbie

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    I've been involved in some form of internet commerce for over 12 years now. I've done retail sales through Amazon, Ebay and a website, search engine marketing, PPC, PPV, and even a part-time job as an affiliate manager. I've had months where I've made over $30k and months under $1k. I remember when you could index each product from the datafeed of a number of internet retailers and earn easy commissions. Nothing seems to last long in e-commerce. There are so many peaks and valleys that I would advise anyone that wants to do this long term to not spend their money and to diversify your ventures into other things. I didn't and regret it every day.
     
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  19. Nemizr

    Nemizr Regular Member

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    Capitalistic countries for the win much?
    Just chilling with a semi-communistic country with like 5% unemployment rate and awesome healthcare.

    I don't think IM will make me a living, yet. We'll see. Hopefully it will.
     
  20. hades135888

    hades135888 Newbie

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    IM is not earning enough for me, I might consider quit this if my income doesnot increase.