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The myth of working for yourself - RANT

Discussion in 'BlackHat Lounge' started by UrsuAke, Jun 3, 2013.

  1. UrsuAke

    UrsuAke Power Member

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    Just ranting here but, I want to talk about the dream most of the BHW users have: to start making money working for themselves or to quit the 9-5 job and work for themselves. Most of the noobs here or junior providers don't really know what it exactly means and I've seen a lot of them make inexcusable mistakes. I just wanted to make people reflect on this: are you really working for yourself?! Are you really your own boss?!

    Most common cases of "working for yourself":

    1) By creating a business offering either services/products or both.
    2) Creating online properties and monetizing them (authority websites, MNS, affiliate e-commerce sites, etc.)

    Let's break them down:

    1) Business offering services/products.


    Most of the users here that have reached that level can confirm that "being your own boss" in this case is not accurate at all. You just switch one boss for many. The boss is formed of the customers that, in some cases, can be bigger jerks than any boss on this planet. There are benefits compared with a 9 to 5 job. For example, the profits generated or the direction your company can take (you keep most of the profits instead of a shitty paycheck and get to choose what your company does). But with the benefits come several other drawbacks: more responsibility, more stress, bigger workload in some cases and greater risks.

    2) Creating an online property.

    This is debatable and there are lots of views on the matter but when you think about it, you still have a boss, it's called "the users" or "the visitors" whichever you fancy :) . If the users don't like what they see on your websites, they'll fire your ass as fast as any boss on this earth.

    The point I'm trying to make is that, even if you have the feeling your working for yourself, in fact you're not. You're still working for others but with greater responsibility and better benefits, so you should act accordingly, treating the clients/customers as you would treat an employer, because that's what they are.

    So final note, treat your clients

    View attachment 31510

    And you'll be fine. :alien01:
     
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  2. ehinoze

    ehinoze Power Member

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    great words my friend.thanks for inspiring noobs.every one will learn something here
     
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  3. Roparadise

    Roparadise BANNED BANNED

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    You are always working for yourself whether its a 9-5 or running a website or company. Why is BHW so obsessed with this?
     
  4. Moosey

    Moosey Senior Member

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    The difference is, putting up with your clients can be much more enjoyable than dealing with a boss. If you take a professional approach, prevent scrope creep, and document everything a long the way, you'll be fine.
     
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  5. Reyone

    Reyone Elite Member

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    The only time you will be your very own boss is the time when you are TRULY working towards your own GOALS.
    When you walk the road of success you will be your own boss, no matter where, how or who you work for.

    I believe that It is pretty straight forward the fact that in order to grow a business you will be growing other businesses and other people. Called networking, isnt it?

    Anyways, as said before, you will always be your own boss as long as your actions are towards a goal.
     
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  6. mikemeth

    mikemeth Power Member

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    Totaly agree with you, good points!
     
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  7. healzer

    healzer Jr. Executive VIP Jr. VIP Premium Member

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    indeed, whether it is Fiverr or a million dollar deal, Clients are KING
     
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  8. UrsuAke

    UrsuAke Power Member

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    Preach it brother!!! Preach it!!! Hallelujah!
     
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  9. TheGardenGnome

    TheGardenGnome Junior Member

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    A business is only a business if it is self sustaining, and the person that owns the business (YOU) can afford to take 6 months a year off and not affect the growth of the business.

    Unfortunately in IM when u take a vacation for a year no added profit or revenue stream is created in that sense, so IM is not truly a business that most people envision it to be, its more of working for yourself.

    You can hire someone to do it for you, but in the IM world if that person can do it he will probably set up his own "business".

    Just sharing what i think. :)
     
  10. healzer

    healzer Jr. Executive VIP Jr. VIP Premium Member

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    so you think if you have an offline (real) business, then you (as a CEO) can take a 6 month vacation and expect profit?
    you're Bill Gates I assume?
     
  11. ShadeDream

    ShadeDream Elite Member

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    If that's the way you're going to go about it, then you might as well quit everything and forget about doing anything. "Death" is your ultimate boss, the type of boss you can never defeat, the boss that will take everything away from you, so why bother? lol
     
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  12. UrsuAke

    UrsuAke Power Member

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    Death and taxes mate, death and taxes...
     
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  13. Black.Star

    Black.Star Junior Member

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    Money is a unlimited ressource. There will always be money available and new ways for you to get money (normal job, your own business, stealing, selling drugs etc.)
    But the one thing in life that is limited for everybody and is also the most valuable since it effects us directly is time.
    By working a normal 9-5 job you trade your time for money, which isn´t a bad thing in general but you undersell yourself.
    Everytime you get home after work and use your freetime in reality you use freetime paid by your worktime.
    However time itself does not know such differences. Time is completly the same for everyone.
    Best example is ofcourse again the normal workweek. You work 9-5 and that 5 days a week for 2 days of freetime.
    You basically "pay" 5 days to have 2 days off. The reason you do this is because you get money in exchange.
    You sell the most valuable ressource available in order to get something which is basically available in an unlimited amount.

    Now here is where becoming your own boss comes into play. Yes, getting money is important.
    The obvious question now is, at what rate becomes trading 1 hour of your life worth it?
    The thing is, you don´t really have an efficent way of being in control of that rate when you sell your time to someone else.

    When I set up a new site my primary goal is not to make the site as profitable as possible.
    My goal is to make the site as fast as possible and let other people do the work for it.
    So I maybe spend 1 week for having everything set and go. After that moment the money I get is "free".
    Because I don´t actively trade my time for a set amount of money. This is the moment where I become my own boss.

    You also trying to tell me that my bosses are the visitors of my sites?
    You forget one thing. They are selling me their time.
    I provide them with something they need and they pay me for it.
    How? They spend time on my site, time on my site leads to money.
    Ofcourse I try to please them so they spend more time on my site or are lead to another site etc.
    But I don´t actively need to do something for it. Ofcourse I can invest some of my time to create better results.
    It´s a win-win situation. However I don´t depend on them as individual persons.
    I don´t care if one of them does not like what I offer them.
    Aslong as there are people out there who like the result of my first time investment (the website) it´s not really important for my life.
    Even if one site completly drops in visitors I can, once again, invest some time in it and get the visitors back.

    So in the end people who work for someone else for a set amount of money per hour don´t have any kind of leverage available.
    They are not able to spend more time (time is limited to 24 hours a day) or work harder (in most jobs) in order to get more money.
    They are limited by their choice of work and by their amount of time they have per year.

    When you have your own business you create leverage.
    You can expand the amount of money you earn.
    You don´t trade a set amount of time for a set amount of money.
    The amount of money you get is connected to the amount of people you are able to affect.
    Someone who owns 1 restaurant is still forced into a 9-5 job, maybe even more.
    The only leverage he has is the amount of people who come to his restaurant to eat.
    However the leverage is not really big because he is limited by the amount of people who live in that area.

    But if someone owns 10 or even 100 restaurants, things change for him.
    Suddenly he is able to reach a 10 or 100 times bigger amount of people and because of this has a better leverage.
    Same with Websites. If you have enough restaurants, or in our case websites, you are able to outsource the work for them.
    And before you know people sell you their personal lifetime and you supply them in exchange with money.


    (Hopefully everything was clear to understand, I am not a native speaker.)


    With kind regards,

    Black.Star
     
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  14. UrsuAke

    UrsuAke Power Member

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    Great twist Black.Star :)
     
  15. saifkhatri

    saifkhatri Jr. VIP Jr. VIP

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    I agree aswell what if you leave your 9-5 and you don't make any money

    Sent from my BlackBerry 9320 using Tapatalk
     
  16. healzer

    healzer Jr. Executive VIP Jr. VIP Premium Member

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    then you don't make any money?
     
  17. Black.Star

    Black.Star Junior Member

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    Then you are stupid for leaving your job for something you don´t know anything about.
     
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  18. steelballs

    steelballs BANNED BANNED

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    Golden rule in business - If you have no customer - You have no business...
     
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  19. Roparadise

    Roparadise BANNED BANNED

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    Many people on BHW have a messed up belief that working a 9-5 makes someone a slave, when in reality it doesn't. The lack of personal finance makes someone more of a mental "slave" then whether they work for themselves or another person. Also people believe they have to get right into IM and quit their 9-5, which is totally crazy to do. They should wait until they are making at least 2x more for less time, and build up a savings/pay bills off for x amount of time in advance. Before getting into IM fully and quitting a 9-5.
     
  20. pike222

    pike222 Regular Member

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    I can sum it up like this: at my regular job 2 hours is like 2 days but when it comes to IM i wish i had 92 hours in one day...Like they say if you do something you love than you will never work day in your life..
     
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