Hello everyone, I’ve recently been considering packing in my job with a large multinational in order to pursue other personal business interests. However, as you all know this is a huge step to take especially with no backup plan in place, no other income streams etc. etc..you know the story. I’m sure some of you ‘Experts’ had to make similar decisions at some point in your lives! I’m 99% sure it’s what I want to do. After all I’d get to spend the whole day speaking to you fine people and learning more about the whole Affiliate Marketing process. So in order to make my decision easier I’ve created a blog to track my progress and to allow people to VOTE as to whether I should Quit My Job! Once I receive 2000 votes, I’ll pack it all in and walk away from my comfy 9 to 5 and ugly cubicle! So I’d appreciate it if you wouldn’t mind voting, the more support I get the quicker I get to become self employed. You can find my blog at the http://thegreatestescape.blogspot.com and you’ll find the Voting page there also. Looking forward to speaking to you all much more in the future!!!! Niall. P.S. Tell your friends, maybe you know someone in a similar position. I’ll be sharing all my learning’s and experiences as I go through this process via the blog, so make sure to keep checking for new posts!
Hi Guys. Thanks for your interest. Basically I am not as yet making ANY money outside of my 9 - 5 job. However, I have occasionally desgned some websites and done some PC repairs in my spare time in the past. I have recently changed roles in my job and as a result I spend Tue - Thur every week travelling throughout Europe - so I've not had much time to do anything else. I have been getting more and more involved in Affiliate Marketing over the last few months. I do feel that I could support myself through doing web design and hell, even if I have to get a Part-time job while I improve my Marketing skills. But it's a big step to take, walking away from a steady job, great benefits and good prospects...hence my willingness for a Vote. I thoght it might be interesting to see what response I get and if I get the 2000 Votes I WILL QUIT MY JOB! PS - I didn't know I could set this up as a Poll, thanks for the info. I'll know in future!
The first rule of entrepreneurship, whether you're opening a hotdog stand on the corner or starting a software company, is: DON'T GIVE UP CASH FLOW UNTIL YOUR NEW VENTURE MATCHES OR EXCEEDS YOUR CURRENT INCOME. Sure, you can live on savings, but the smart play is to build your business on the side and quit the day job when income warrants it. Most (85%) of new businesses fail due to under capitalization. This means they can't pay the bills due to cash flow crunch. An alternate method is to rasie seed capital and pay yourself a salary while you build your business. In this case, you'll either have partners (that you may not want) or a large loan to pay back. And I agree: Your original post smacks of site promotion. Is your site really the "#1 resource", or did you just make that up?
One can speculate and take risks without sacrificing cash flow. If you keep a day job, or any job, while you build a venture, you have cash flow if that venture fails. If you have no cash flow, and no seed capital from which to draw a salary, you will struggle at best, and go bankrupt at worst. I spent the first twenty years of my professional career working with start-ups and have seen very few, if any, succeed with an attitude of 'just go for it' without giving thought to paying the mortgage. Speculate, yes. The world's wealthiest individuals made their fortunes by speculating. But do it smartly. There's no reason to give up an income for the sake of 'speculating' on an AdSense of affiliate program that may take two years to build.
You've said yourself that you currently make no money from web marketing so what makes you think that you're gonna be good at it? I would hold on to your job until you know what you're doing
I quit jobs all the time to go travelling. If you've got a savings to live off of and plan to use your time towards your web enterprises then even better whereas I tend to piss my money up the wall getting drunk in various backpacker destinations and returning broke and in need of a couch to sleep on. If you've got no major bills or dependents then quitting a job really isn't that big a deal. If you got a good job once then you'll get a good job again when the time comes. Because of this, I'm not sure how interesting your blog idea will be but good luck. Maybe it'll appeal to all the people out there who are stuck in the rat race and can't fathom the idea of quitting a good job.
Thanks Travoholic, Sounds like you've gotten a nice setup going on! I think there are a huge amount a people out there that have 'good, safe jobs' but would love to walk away from them, and for whatever reasons, won't / can't. So I think that people in that situation might gain some benifit from observing my situation from afar!
are you still single i think you should take the risk...but if you are family guy...my friend it is too risky...but GOOD LUCK!
Oh ya, and just to clarify, I make about $3/day on my sites if I'm lucky. That's why I'm working hard(ish) at building up a wee web empire... so I don't have to keep returning to those jobs to save up more travel funds!
It would be a really silly idea to quit with no other income as you'll only find it more difficult in paying for things you personally need but also needed to build your online business i.e hosts, domains etc. My advice would be to build up that extra income first and save as much of it as possible and once you feel that you can support yourself with that income then decide to quit. *edit* Crap I am only noticing yerr in Ireland! You would be really off your rocker to quit the job, you know yourself how expensive it is here and probably how dam easy it is to get stuck in a rut without the cash. I know my advice is not what you want to hear as I have the feeling you really wanna quit, I was the same way a couple of months back and I hated people advising me against it. Not only did I end up jacking in my job but I also threw away my U.S. work visa and returned to Ireland to work on my own web stuff which didnt last a month cause I needed the extra income (so bloody expensive here). Stupid move on my part but somehow I got really lucky and landed a job doing SEO for a man who has made his income from the net so now I am living in Dublin (rip off capital of Europe) working full time and learning extra on what I like doing in my own time.
Not always possible.. My venture was taking up too much time, and required me to be available during my normal working hours.. I milked my full-time job as long as I could, but finally I had to cut the cord and take a chance. 9 months later, and while I haven't quite matched my old income, I'm doing very well and am much happier with this new route I've chosen. If things fail, I can always find a job in the corporate world. Nothing ventured, nothing gained.
get rid of the job, do you really need to take orders? you will never get out of that if you don't force yourself out of that. You've been listening to people forever, get ajob, go to school, get your degree, create your resume, dress up for that interview........aren't you sick of all the bs. Take life into your own hands, you might be dead tomorrow, and then what was your job worth?