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Could I Actually Quit My Day Job?

April 22nd, 2008 Derek

There are a lot of people out there that will tell you that trying to make money on the internet is a waste of time and it only happens to a few people.

This simply isn’t true. Not in the least! There are tons of people making money on the internet and there are even more options for you to make money on the internet. It just takes a couple key factors and a great mindset. So, I figured I’d like to do a post on can I actually quit my day job and what steps do I need to take to do so.

Get Ready To Work!

For some reason, people think that working online is a fast way to make money without doing crap. I sometimes think this is because of the whole make money online niche of products out there that promise to make people rich overnight on the internet, however, I also think common sense should tell you that running a business, any type of business, isn’t an easy thing to do and takes a lot of work!

So, my suggestion to you is to quit looking for a free ride where you don’t have to work for it. Get yourself ready to do the work that is going to be required of you in order to succeed. If you don’t want to do the work, continue your 9-5 job and quit acting like the world owes you a favor. No offense! :P

Don’t Be Afraid to Take a Risk!

One of the biggest reasons, in my opinion, that a lot of new affiliates fail is because they are too afraid to take a risk of losing some money.  Before you even start affiliate marketing you should have some money saved up specifically for using for affiliate marketing and expect to lose it!!!

When you first start out in affiliate marketing I’m sure if your anything like I was your reading 5-10 different blogs on affiliate marketing, reading all the affiliate forums, etc.  However, until you actually spend some money that stuff is useless in my opinion.  Am I saying that affiliate forums and blogs are worthless?  Absolutely not, what I am saying however is that unless you start to apply what you learn its pointless to waste your time.

You will learn so much by actually running a campaign that losing money should be seen as part of your affiliate marketing education.  There are just some things that are hard to explain on a blog or that just aren’t because people don’t think to write about them…including myself!  So don’t be afraid to lose some money.  If your starting this business with the hope that it will become your main income don’t get started in affiliate marketing.  You need to have another source of income because 90% of affiliates fail on their first couple of attempts.

Again, don’t take that as a bad thing, take it as a learning experience and don’t be afraid to lose some money in order to gain skills that will help you in your career and will allow you become a full-time internet marketer!

Don’t Become Lazy!

Another common mistake I see new affiliates make, and I made this mistake myself, is after they start making some money from affiliate marketing they go buck wild!  They start spending the money faster than a speeding bullet and quit working as much because for some reason they feel that they will continue to make the money without doing anymore work…which takes us back to the first topic! :P

Don’t become lazy, laziness is one of the easiest traps to fall into when you work from home and on the internet.  Doing this for a couple months and your money thats coming in will cease to exist.  Instead, work on scaling your affiliate campaigns and starting some new offers.

Don’t Quit Your Job Too Early!

Again this is a mistake I personally made.  When you start making enough money to replace your job income one of the first things we want to do as humans is quit that God Awful job!  However, I personally recommend that you keep your job and instead use that money your making from affiliate marketing and reinvest it into your business.

A good number to quit your job I have heard is 3 times your job income.  I totally agree with this!  Affiliate Marketing can vary month by month.  One money you may have an offer that brings in 5k and the next it may only bring in 2k.  It happens and its not unusual.  So being prepared will help you when those tough months come.

Have Fun!

The last tip I want to talk about is simply this!  Have FUN!  You are looking at becoming an affiliate marketing because most likely you wish to be your own boss.  You wish to be able to schedule your work around your life and not the other way around.  The opportunity is here for you to make a living by working online and from home.  The benefits are amazing, so enjoy it.  If you drudge doing it everyday, it’s probably not going to work for you.

If your having fun doing what you do, your more likely to not become lazy, to constantly want to improve your business, and succeed.  Online Marketing can completely change your life and for the better, however, if your not having fun your not going to want to do it your whole life.

Wishing you success!!!

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7 Comments »

Comment by Christian
2008-04-22 09:47:55

“A good number to quit your job I have heard is 3 times your job income.” — Job income per what? I’m guessing months. And what about the number, what do you mean? Saved in the bank, in the business or what? Maybe you could clarify, it seems like there are some words missing… ;-)

 
Comment by Derek
2008-04-22 11:23:30

3 times your monthly income. So if your making 3,000 dollars a month from your 9-5 job give yourself 9,000 a month from affiliate marketing before you quit. Just a little safety net and allows you to continue to have money to reinvest each month even after you pay your bills.

 
Comment by 1WT Subscribed to comments via email
2008-04-22 12:31:47

Nicely put Derek. I was in the same situation, only difference was I quit college to pursue the “Work-from-Home Dream”. Not making mega-buck, but enough to get through nicely :D

 
Comment by Royal Radande
2008-04-22 20:38:41

“Don’t Become Lazy!”

I have to agree with this one. I became too complacent and lost everything at one point.

Comment by Mike Smith
2008-04-22 23:39:40

Definitely sounds familiar. I get a ton of work done, have some money saved, and then end up slacking until I need money again. I’m working on fixing that though :)

Nice article!

 
 
Comment by Chetan
2008-05-13 04:35:55

Being lazy will always be a backlog for all.

A good post explained there Derek.

 
Comment by Blog For Money
2008-05-14 11:45:40

Great post Derek! I think if you’re really wanting to quit your day job setting a goal date to make a certain amount of money helps. That’s what I’m currently working on and it’s keeping me VERY motivated.

 
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