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IM Career Long Term

Discussion in 'BlackHat Lounge' started by natedogg, Jun 27, 2015.

  1. natedogg

    natedogg Regular Member

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    Do you guys think you can do IM full-time for the long term... I notice a lot of youngsters in here. I'm in the 30s and loving the extra income but you have to admit IM can be intense. Do you guys think about family, retirement, insurance and all the other goodies that you will need later on in life? Please respond
     
    Last edited: Jun 27, 2015
  2. basitgul

    basitgul Junior Member

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    Why we can't get family with a IM career?
     
  3. CazuaL

    CazuaL Elite Member

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    Internet is growing as we speak. IM will always been around, just have to be willing to adapt.
    As for later on in life, any smart person will be saving as they go
     
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  4. ItsBlinkHere

    ItsBlinkHere Regular Member

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    I find it interesting how some people think of family as 'goodies'.
     
  5. HelloInsomnia

    HelloInsomnia Jr. Executive VIP Jr. VIP

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    You can plan for it just like a real job. The difference is you need to rely on yourself for investments. I think they have self employed 401k's. Also look into lifestyle funds. That will help with the retirement part.

    As for the daily grind, you can move away from that part with outsourcing and just moving away from certain things. I don't do nearly as much as I used to. I see my future still in dabbling with software stuff and mostly relying on paid traffic since its much less grindy. That's just me though. I'm sure people have found ways to make a lot of things work. But long term wise I feel paid traffic is the most hassle free long term method that will work and can make you enough money to live comfortably.

    If you want it to be long term then treat it like any other business.
     
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  6. natedogg

    natedogg Regular Member

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    No I didn't mean it like that... I have a family and I was just wondering how to balance everything with all these things in the near future if you go that route. I guess I'm just a little paranoid about supporting my family in the long run if one day I decide to give up my 9-5 job for IM.
     
  7. natedogg

    natedogg Regular Member

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    I didn't mean family as "goodies". I meant cars, mortgages... those type of things. I have a 9-5 job and always get the same paycheck weekly and sometimes when I feel like I want to give up the 9-5, I get paranoid knowing my IM income would disappear.
     
  8. ColCelimo

    ColCelimo Newbie

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    Im 22 but I have to say I do think about my future, real estate investments (condo, apt complex), self employed 401k retirement plans, also setting up your own company and paying yourself a top salary would work out pretty well for me
     
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  9. Adrian112

    Adrian112 Supreme Member Premium Member

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    I am 21 and I am living for IM and I just love it.

    Not idea to make money from home, but I love everything I do online.

    I saved lot of money till now, and I hope I will make enought money in next 5-6 years to save enough money for the rest of my life.

    Standards here in my countries are really low, so it's easy to have more than average payment.
     
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  10. BreaknBrix

    BreaknBrix Power Member

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    The real reasons I love IM (and don't worry about this) are the following:

    1) I love the control and autonomy.
    2) I love the freedom.
    3) My skillsets are becoming more and more valuable year after year.
    4) It teaches you how to be financially literate and live within your means (not many people do this).
    5) It teaches you to save money and invest it WISELY (not many people do this).
    6) It teaches you all about markets, capitalism, economics and opportunity.
    7) Online marketing may not be for stupid people, but if you learn your shit you will make a healthy passive income.
    8) You give yourself raises anytime you want just by finding and scaling methods that work.
    9) One of my favorite parts. If EVERYTHING FAILS. It is >>SO EASY to start a local business, then use your IM skills to automate it and make a lot of money.

    There are so many things I can say just about that last point.

    Online marketing is much harder than marketing a small, local business.

    So if everything fails, all you need to do is go take a few classes and get certified in some profitable home improvement trade (there are TONS of them). Then just focus on creating and branding 1 website. Withing 3-6 months you can build a HUGE local funnel that generates lots of profitable traffic. Then you can hire a salesman off CL to broker that traffic to competitors for commissions. Just 1 job can buy you insurance for the entire year. Then get licensed. Then subcontract the entire operation. Just selling 2 jobs a week can make 2 people a 6 figure a year income.

    This is what me and my bro have been doing for years. There was some luck involved early on but it really is easy to do after you build your initial funnel. You don't need to be a social butterfly. You don't need to be a genius. You just need to be the person who controls and owns all the online real estate. Cause that "virtual" real estate is like owning real - real estate. It becomes worth A LOT of money.

    There is this myth I've heard so many times that owning a small business is a lot of hard work. That is BULLSHIT. Total fucking bullshit. I know business owners who work 1-2 days a week and make more money than most doctors. Hell, I know a guy who works 4-6 hours every thursday, owns a pest control business, has got it to the point where everything is on autopilot now. He's built up a small pool of recurring customers. He's got a few employees he pays by the hour. It's a small, tight, intimate, profitable business. No office. Virtually no overheads. He owns 3 company trucks (started off with 1), all his employees do is drive around all week replacing traps and killing rodents.

    And the owner bought a half a million dollar home 1 1/2 years ago.

    In my case I had to work my ass off really hard the first 3-6 months (the first 3 were the hardest). We have a good deal of online real estate now. Lots of automation in place. At this rate we can grow to a 7 figure / year business within another few years. And if my entire industry was somehow wiped out tomorrow I'd just replicate the same formula in another industry the following day.

    The problem I see on this forum (with broke, long term members, not noobs) is NOT that they lack skills. It's that they don't know how to APPLY their skills in the most efficient way possible.

    Like I see journey threads where dude are building review sites targeting a million different niches, working their ass off and not making a dime. WHY NOT pick a safe, profitable, long term niche that you keep on the side as a "hobby". Create a local business website. Something you KNOW will be profitable. As you're working on all your online shit, keep growing the funnel of that local site. Because local services will always be profitable. Local services will always be needed. And they can always be automated.

    The point is really to build a >>>foundation. So many guys I see on here don't have a foundation to stand on. They bounce back and forth between tons of random things. They're always looking for that sneaky, sly, slick and novel idea.

    And sure, it's important to be innovative and creative. But all you need is that 1 base business that isn't sneaky, that isn't sly, that isn't slick, that isn't novel... something that's existed for decades ... that has been time tested to be profitable ... that a lot of people don't focus on.... something people will always need.

    It doesn't even need to be that isolated. If you just go after all the keywords other people are ignoring, build your site right, build a real funnel that doesn't just rely on SEO.... you'll be set. And once you do that 1 time you can do it again.

    I really think the problem is guys on here just don't think long term. I suffer from the same shiny syndrome problem a lot of marketers do. But when I got into this industry I KNEW I was not going to make it if I didn't have at least 1 traditional, safe business. It's just conservative, smart investing. Look at Warren Buffet. What did he do that was so brilliant? HE INVESTED IN COCA-COLA SHARES. So if you're a marketer and want to make it long term, you need to simply think long term. Don't reach for the stars. Reach for the foundation. Reach for the DIRT that you're gonna build the foundation on.

    -BB
     
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    Last edited: Jun 28, 2015
  11. natedogg

    natedogg Regular Member

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    Thanks buddy... that is a blueprint right there:)
     
  12. LinLicker

    LinLicker Junior Member

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    You bring up an interesting point.
    I'm in my early 20's and work fulltime. I make $11/hr with the potential for raises and I have health insurance and a 401k set up. I'm in a comfortable zone right now because of all of this. I'm able to afford rent, food, bills, and IM adventures. It seems smart to stick with this job since I can get raises and I have health insurance, but... I've realized that this job is NOT something I want to do my whole life... hell it's not even something I want to do for the next 5 years. I have every intention of quitting once I have a comfortable amount of money saved from IM, but I'm always back and forth on if that would be smart to do or not. I'm very passionate about working online, but I don't want to make the mistake of quitting my job and losing that... "comfortable-ness"
     
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  13. myopic1

    myopic1 Regular Member

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    Absolutely fantastic post BB, one of the best I've ever read on here...I like the way your mind works! A member of my family is expecting to have employment issues soon, has always worked a steady job and given everything for the company...a concept/lifestyle that drives me to work hard at IM every single day.

    The reason I'm not worried about it is exactly because of point 9, I know exactly the power that I possess as a moderately skilled IM'er in terms of being able to grow a local business. Hell, were I not doing this, I'd train to become a locksmith in any medium sized city because the money/growth opportunities are mind-boggling. There's no reason to even have to train in one of those professions either, if you have the drive and the business mind for it...with a relatively small investment, you can own your own pest control/locksmith/landscape gardening business purely by getting out there and working with others.

    Yeah, I love this shit.
     
  14. adamheyo

    adamheyo Newbie

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    haha, what a thread..
     
  15. briangriffin

    briangriffin Newbie

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    Savings is the only way to go. And also, keep looking out for new methods.