At least once a week I hear from someone who says they are planning on quitting their job to work online full-time. Usually they have been reading my blog and listening to my teleseminars, and feel like they are ready to make the jump from employee to entrepreneur. I always answer these people and tell them to think about this seriously before taking action.
I spent about six months researching internet marketing before resigning from the school district in Los Angeles where I was teaching. I was still working evenings and weekends as a real estate broker and residential appraiser, so this research time was extremely sparse. I would get up an hour earlier each morning to write an article or post to my blog, and then go online for an hour each night before going to sleep. When I honestly believed I could replace my income with my new pursuit, I began to make plans for departure from my job.
This jump was far more painful than I had anticipated. My savings did not last nearly as long as I had imagined, and someone I had paid a large amount of money to for internet mentoring turned out to not be very much help at all. The real estate market was still good, so I continued to make some money there, but it wasn’t until a full year later, in 2006, that I began to make some real money online.
Instead of doing it this way, stick with your job until you have completely replaced your income with your internet business. Turn off the television, tell your friends you are busy, and don’t buy anything you don’t need. Slowly you will be able to set up a business online that will be profitable, but you won’t put yourself in financial jeopardy when you quit your job. If you have a job you truly love, and many people actually do, build your online business slowly. This will give you the opportunity to do things properly, and you and your family will be much better off financially.