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Is quitting your job to do IM full time a bad idea?

Discussion in 'BlackHat Lounge' started by homenet, Aug 16, 2010.

  1. homenet

    homenet Power Member

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    I am faced with a dilemma. I currently work in IT in a job that I hate, I drag myself out of bed every morning and turn up. My job is very eventless, very boring and for the most part I am working with idiots, to sum it up, I absolutely hate my job.

    I have looked elsewhere, I have even studied Cisco in my spare time and gotten certified but it seems without experience your worthless. Right now there is nothing out there for me that would improve my current situation.

    Some days I work I feel I'm close to handing my notice in and never coming back. Ideally I want to devote my days to IM so I can earn an income with affiliate marketing. A few months back I decided to put a lot more effort in to make this happen and I saw some great results but simply didnt have the time to make a real go out of it.

    I'm confident that with all the free time in the world I can be successful in IM, although I'm still learning I think I have the knowledge and drive to earn a nice living off it.

    Would quitting my job and going full time as an Internet marketer be a bad idea? Bear in mind I am currently earning no more than $1,000 a month with IM.

    Love to hear everyones opinions on this!
     
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  2. CoyoteAssassin

    CoyoteAssassin Elite Member

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    Well, that depends. As the guy from India just that who said that BHW ruined his life.

    I think that we all run into that situation and that is where I stand at the moment. You need to ask yourself this.

    Is $1k a minimum and guarantee?
    Do you have health insurance and retirement that you are taking into account?
    How much time will you invest in IM to make it work?
    Do you have savings put to the side for 6 months of non "real" job income?

    While I would like to tell you to take it to the next step, I would not leave a job with the economy the way it is just to make an extra $1k. You should be able to make more than that with 20-30 hours week into it.

    I hope that helps.

    Thanks.
     
  3. carsonrathi

    carsonrathi Senior Member

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    Don't do it. Simple.

    If you get the confidence (based on your real conditions) you won't even ask it, you'll do it.

    Get your averages, like the money your earned from IM in past 12 months and then get the average income.
     
  4. fvcktheworld

    fvcktheworld Regular Member

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    No it is not a good idea.

    Here is why I...

    If you quit your job and you are relying on IM to pay your bills and feed you, then there is a lot of negative energy involved. If you are stressed about making money online to pay your bills, I honestly do not believe that you are going to make it in IM.

    Keep your job for a little while longer and get something going with IM. If you are into affiliate marketing, set up some sites with adsense and affiliate products on them. Spend a little bit of money on adwords and get a feel for it, while you have a job. See if it is for you.

    I am not saying that you can not succeed, I am saying that I truly believe that people fail because they get to much negative energy going. Stressing that they are not making money yet, trying to many things, etc, etc, etc.

    On a happier note, I wish you the best of luck with whatever it is you decide to do.

    Justin
     
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  5. scott8610

    scott8610 Junior Member Premium Member

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    Don't do it. Take the money you're currently making online and put it back into your IM business. It'll allow your business to grow much faster.
     
  6. CoyoteAssassin

    CoyoteAssassin Elite Member

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    Also, maybe you just need to consider a new job and keep IM stuff on the side for now. I wish you the best as there are many in the boat with you.
     
  7. matt_k

    matt_k Registered Member

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    If you have to ask, then your not ready. Don't quit your job, its a guaranteed income.

    When you feel 100% confident that you can do IM for a living then consider it. And this is only after you have been running successful part time campaigns and see real results, real cash. Only then should you take the next step and scale it up to a full time operation.

    This is my .02.
     
  8. xhpdx

    xhpdx Regular Member

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    Here is the deal. If you are confident that your IM income is stable and good enough to make a living, quit your job, otherwise keep waking up early in the morning
     
  9. Crixus

    Crixus Regular Member

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    Whether it being a good or bad idea really depends on you. Can you scale what you already have, or would you be doing something totally fresh? How much time will you have to make it work? If it doesn't work, do you have options?

    When I quit my day job in 2000, I had about 15k to live off of, and I was only making a couple or few hundred bucks/month. However, back then things were ripe and I could see it. I knew if I worked it full time I could make it happen. I figured I could live off frozen pizza, fast food burgers and my friends' beer for up to a year on my savings. So I had a year to figure it out. I also had very marketable skills and my last 2 employers had come looking for me to offer me a position, so I had easy fall back options if it didn't work. But I just knew it would, because I believe in myself.

    Things are different now, but not to the degree that it should discourage you, because now more people trust buying online, and more people spend more time online. There is way more competition, but most of them are easy to beat.

    I think the single most important factor is in you - your attitude, drive, ambition and desire to make it happen. Do you really think you can make it happen? This is the hard question. The tools, ways of doing things, and making money are all out there, either working now or yet to be found and exploited. Anyone with half a brain and enough drive and determination can make it happen. That said, you need a way to give yourself enough time for trial and error. If you can budget several months, possibly a year, and you have options for other income/work, what is holding you back?

    If you can budget the time, then the real question is this: Do you believe you can make it happen?
     
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  10. Derek Foreal

    Derek Foreal Junior Member

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    Yeah that is for sure a question only you can answer, however I would have to agree that if you need to ask that question...there's no-way your realistically ready yet.

    You'll know your ready when...it starts to cost you more to go to work than it would if you were to just stay home in your home office and work on IM stuff! that's when you'll know for sure 100% your ready!

    A grand a month is absolutely no where near enough to live on let-alone to have anything left to invest back into your business.

    Good luck man and you'll get there, I think your job is a great asset right now too (though right now it might not seem like it), in that hating it so much will likely force you to get better and get more focused so you can move forward successfully with IM and ultimately the faster your able to do that the faster you'll be able to leave that job you hate so much.

    Good luck to you and hang in there man!
     
  11. hollinger

    hollinger Junior Member

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    Go full time IM - that's the best decision you'll ever make.
     
  12. sickbusiness

    sickbusiness Regular Member

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    e-whore bro, thats the key!
     
  13. Sanitarium

    Sanitarium Regular Member

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    You said you made $1000 per month with IM.

    So the answer: slack off $1000 worth per month at your job and if you get fired you don't have the decision to make :D
     
  14. Skyjockey

    Skyjockey Newbie

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    Dont do it!!!! Once you see income from IM maybe. Build your skills in IM. Look at your job as temporary position. Make bank 1st.
     
  15. pk_69

    pk_69 Jr. VIP Jr. VIP Premium Member

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    It depends on how long you can survive while working on new streams of income. You decide for yourself and you take responsibility for your decision. Once you do - don't look back. I personally quit about 2 years ago after I realized that I'm sick of big corporations and small cubicles. October 08 changed all my plans, but when you don't look back the only thing you have is to move forward.
    Many people tell - never quit your job and learn on spare time. If I would do that (considering 2-3 hours a day after day job) it probably would take me extra 5+ years to get where I'm now and it's long enough to think that it doesn't work.
    And remember that your life is going to be as good and exciting as your average day including yesterday, today and tomorrow.

    good luck
    pk
     
  16. Hunwarrior

    Hunwarrior Jr. VIP Jr. VIP Premium Member

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    if you feel that you need to ask it: than is a big NO

    When i quit my job for IM ( first i made part time IM myself) i never felt that i need to ask anyone about it. I knew my numbers, and made my decision.

    If you are not 100% sure you will be just fine and relaxed with your IM earnings DONT quit your day job!
     
  17. eBayMafia

    eBayMafia BANNED BANNED

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    I'll tell you right now, that even Guru's that are well known don't do 1/4th of how well you think they do. I've found that out through several years on WF and getting to know people I thought were doing great, had movies of them sitting in nice office furniture, giving great advice, and through forum posts claimed they were making a lot of money. Very very few were. One of the few people I've really actually talked to over the years were actually making anything.

    Troll forums like DP and WF, and really get to know these gurus and people claiming to make hundreds if not thousands a day. I bet 99% don't collect anything other than their disability (David Waghenheim or whatever his name is, one of the forum mods) and food stamps and the few sales they are scummy enough to direct towards total newbs, promising them their dreams.

    Can you still make money online? Yeah. I work online full time, but online is only a portion of how I make money. I own rental properties, and offline business, I do $400 profit in sales on eBay, and I don't sell a single thing that supposedly teaches people how to make money online.
     
  18. businessbira

    businessbira Power Member

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    Keep the shitty job and work your ass off on IM after work.

    The unpleasant situation you are in will be your motivation to make it in the IM arena.

    Build your own business around something you like, then establish it, make with it more money than you are currently making off your day job and once you'll be making twice as you make now and you feel confident about it, give your resignations.

    Then keep building your IM empire and leave way under your means, save and invest, don't rely on a single source of income, never.

    Grats, you are a business owner now :) and hopefully, financially free.
     
    Last edited: Aug 16, 2010
  19. Maxell

    Maxell Regular Member

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    dude - you are in the same boat where I sued to be. I started job just to get myself frustrated, and then TAKE ACTION. You can easily make $3-$5K with only 1 hours work TRUST ME on this.. Dont quit if you are not making atleast $50 per day, because otherwise you will get more frustrated, give a fuck to job, study and take action on anything and you will love it I GUARANTEE you !
     
  20. zero811

    zero811 Junior Member

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    Like many others have said. It's better to stick with your job in this economy. You would of quit already when you think you are really ready. Keep the job and refunnel the income to your IM business. Get tools and outsource to speed up your IM growth and if it all goes well, its time to quit your day job.

    If you really believe you can make it in IM, devote more time and resources to it like spending more hours after work and devote full days working on it in the weekends. In case tings ar enot working out, you'll still have a job to fall back on.

    Not wanting to get up early and having a mundane job as well as having made $1k before doesn't completely justify going into IM full time. If you made $1k recently and you were able to grow that income the following months in a consistent basis, then at that point should you consider going full time. If you do decide to goi into IM full time now, have a backup plan ready just in case. ;)