A lot of Internet Marketing success stories started out with someone with a desire to succeed and a willingness to learn where that someone also had a day job and plenty of responsibilities.
Sure, some successful internet marketers started off without an income at all, but almost everyone who earns six figures a year in IM started off doing it part time and eventually quit their day job and told their boss to “Take this job and shove it.”
It may seem like there aren’t enough hours in the day to take your internet marketing efforts to the next level where you can do it full time, but if you’re determined and you use some of the techniques below, you can get there.
• Make plans.
• Portion your time wisely.
• Spend and save your income wisely.
• Build a nest egg.
• Invest in your business.
Make Plans
The best way to get to where you want to be is to make a step by step plan for how you’re going to get there. That plan could be written in pencil.
It can rarely be etched in stone at the start because you’re going to be learning along the way but defining your goals is a vital step toward success and investigating avenues for your journey is what will give you fire and passion to succeed.
Portion Your Time Wisely
In order to juggle work, life, and your entrepreneurial pursuits, you’ll have to be very careful to utilize your time well. You’ll want to dedicate a specific amount of time daily to improving your Internet Marketing business. You might even enlist the help of your spouse or take on a partner so that you can build your business faster.
The more time you spend working on building your online business, the better your chances are of making it something that can sustain you financially on its own. It might not be easy to juggle it all, but it can be very much worth the effort.
Manage Your Income Wisely
If you want to make a transition from part-time internet marketer to full-time internet marketer you’ll have to plan carefully from a financial perspective. A lot of marketers who work full-time use their IM earnings for fun and extra money, but to get to where you will be able to live solely on your internet marketing income you’ll have to budget and plan.
Save a Nest Egg
If you can, it’s a good idea to save several months worth of expenses before quitting your job. You should also be earning enough to carry your expenses (and then some) consistently for several months through Internet Marketing alone before you quit your job.
Investing in Your Online Business
Finally, you should invest part of your profits into your online business. Did you notice that the suggestion was to invest your profits into your business and not to go into debt to invest in it?
Building your online business without building debt will relieve financial pressure, especially if you have to take a dip in earnings which will happen from time to time in internet businesses. Getting as close to debt free as possible before quitting your day job is a very wise decision!
All in all, you control your destiny and if you set a goal for being a full time internet marketer within a specified amount of time, the right plan and execution of that plan can help you get what you want.
Running your own online business full time can be flexible and rewarding but it can also be hard work without vacation pay and without sick days, so carefully weigh your circumstances and prepare yourself before making any sudden moves.
About Sean Rasmussen
Excellent advice Sean
Too often we see people promising the promised land over night. Those of us that actually have a brain in our head know there are no free lunches.
Those marketers that are earning 6 figure incomes took time to get there. And then there’s the “I made 200,00″ this month
Hi Sean,
This is all great advice but I really like the suggestion that only my profits should be invested back into my business. I think it’s very sound advice to not go into debt doing this.
Having said that, I have tried to keep my overheads to a minimum and I haven’t had any trouble doing it. But, sometimes I feel the need to spend small amounts on things I think will help me improve my business. I’m thinking about a pay per click campaign and I’m not currently making any income. Would you consider this as a wise investment?
As a full time mum, I am working hard at internet marketing to help my husband quit his full time job. You have very sound advice to have quite a few months living expenses put aside as well as already proving you can make enough money to cover your expenses before quitting your job. This will help stop you from making stupid mistakes and bad decisions to make some quick money because you need to pay the insurance bill.
Hi Sean,
that is very sound advise – and realistic as well. Too many people are looking for a quick fix and throw away their job immediately because they might earn heaps in the future.
Like with every bigger change it needs to be well planned and thought through. But the beauty of going into internet marketing is that you can start it in your spare time and built it up to a full time profession.
I was working in a full time job and studying nights and weekends while also looking after my family. I did this for 3 years until I got out of my day job and was able to start trading the stock market from home. That is income stream number 1.
Now I am learning internet marketing and have been doing so since June last year. Soon it will be income stream number 2.
I know it all takes time but consistently working towards my goals and keeping focused on my dreams, I know I will achieve them.
Do you ever have time to stop and smell the roses Elly! I applaud your work ethic – a great example.
But, do get out into the garden for a break occasionally!
The best thing I did was quit the job I hated doing, I now am working towards financial freedom as an internet marketer, I know it will takes time, but I do know I will get there.
Anything worthwhile does take time Rita and I know you will get there too