Many of my readers would love to find a way to quit their day job and make a living on the Internet.
But how do you do that?
It really depends what your current life circumstances are. Let’s take a look at a few scenarios:
1) You have financial troubles. I sometimes get people that tell me they really need to buy my course but can’t afford to. I always tell them that it’s usually a bad idea to count on starting a business to solve your problems.
Usually, it takes 6-12 months, in the best case scenario, to make this work if you start working at it full time. Starting your own online business also has lots of startup costs. Getting a website and designing it, creating products, editing, more design, payment processor fees, webmaster fees, etc.
So if you have serious financial troubles and people that depend on you for your support, then you need to get the current situation under control, take an extra job, build an emergency fund of at least 6 months, and only then think about making a living doing something else once you can support yourself.
2) You’re under thirty and have no dependents. — Some of my best students are younger people under thirty, who are either in school or just finished school.
This is probably one of the only categories of people that I would recommend to go full-time from the start. The reason is that you have nothing to lose, and everything to gain by dedicating 100% of your energies to this project, even if you have to live on rice and beans for a while!
3) You already work for yourself, but want to try something different. Some people already have experience starting their own business. In this case, if they have enough of a cushion, they should just go ahead and try this new project. Or, they can keep the old business on “autopilot” and dedicate 80% of their time on the new venture.
4) You’re out of a job, but have some savings. Maybe you’ve lost your job, but you’ve got enough savings to last you for at least a year or two. In this case, dedicating 100% of your energies to the new project would make sense.
5) You currently have a job, but want to quit it to work for yourself. Most people will find themselves in this category. In most cases, especially if you have dependents, then the best approach is to keep your job but start the new project on the side, until you can generate enough to quit your day job (if that makes sense).
I know plenty of people that generate an extra 25-35K a year and decide to keep their day job. This is also a good strategy.
If you want to quit your day job, then you need to get rid of ALL your other optional activities and focus any extra time on building your website and your content.
That means that any hobbies you might have should be put on the sideline for a while, so that you can find a couple of extra hours a day to work on your project.
A good way to do that is to wake up earlier every day to dedicate an hour or two to work on your project, with some hours on the weekend. Take days off when you can to work all day on your new project.
Like I said, it usually takes a good 6 to 12 months to make enough with your website to feel more comfortable about the idea of “killing” your day job.
If you can’t wait to get started, check out our course on how to write and sell an eBook in 24 hours. That’s of course 24 hours of total activities. So if you spend just one hour a day, in 24 days, using our method, you will have written and started to sell your first eBook. If you spend two hours a day, then it will only take you 12 days.
To find out more and get this method, go to: http:/www.fredericpatenaude.com/writeyourebook.html