Quitting your job with no plan in place allows you to be open to new opportunities that you may never have considered if you simply took the next opportunity that fell in your lap. When First quit her job, she didn’t plan on becoming a business owner, but after reaching out to a friend for some freelance work, First then found herself the co-owner and partner of a boutique PR agency. “It’s been the most challenging and rewarding work experience of my career,” she says.
Clear out any debts you have prior to quitting your job to start a business. My first entrepreneurial experience was in 2014. At the time I had over $20,000 in student loans. Within 6 months, I didn’t have enough money to pay my debt and my business had also acquired debt. As I was paying off my student loan, I read financial books like Rich Dad, Poor Dad that helped me better understand money and how it works. In early 2016, my student loan was finally paid off. If you have a student or car loan, focus on paying off your debt. During that time, build your financial acumen through podcasts, youtube videos or books. It’ll make you more strategic with your spending habits so that when you do start a business, you won’t have to close shop within a few months like I did in 2014. By paying off debts like student loans, you give yourself more money to play with while also having one less bill to worry about. But don’t dump all your savings into your debt – you still need savings.
Find work. When you first start out, you may have to accept work writing about a topic you don’t find all that interesting. You must keep an open mind and be willing to accept work that may not be in your desired field. However, as you continue to write, you not only learn about more topics, but you also build your reputation. With time, you can be choosier about assignments you want to accept.
After your site has been built out, creating a social media presence is the best second step for most businesses. All businesses should have a Facebook Page that’s fully fleshed out with plenty of information about your business. Depending on your audience, you can also start a Twitter, Instagram, and/or Pinterest account. Social media is a long-term commitment that requires frequently updating and monitoring, but it’s one of the best ways to build an online community around your business.
Maybe you’re a parent who simply needs more flexibility and time at home, or even part-time work. If you fantasize about being a stay-at-home mom who’s able to work remotely, and your job just won’t allow that kind of thing, quitting and researching stay-at-home mom jobs may be the right move for you (yes — there are jobs for stay-at-home moms, so if you like working but simply need to do it remotely, you should know that becoming a stay-at-home mom who works is a possibility, even if it means a transition to part-time work hours.
A quick and inexpensive method of making money without the hassle of actually selling a product, affiliate marketing has an undeniable draw for those looking to increase their income online. But how does an affiliate get paid after linking the seller to the consumer? The answer is complicated. The consumer doesn’t always need to buy the product for the affiliate to get a kickback. Depending on the program, the affiliate’s contribution to the seller’s sales will be measured differently. The affiliate may get paid in various ways:
Even if you don't have your own products or services to sell, affiliate marketing gives you a chance to earn strong commissions through a series of one-time sales (or ongoing monthly sales). Online merchants provide you with an affiliate website (or a simple affiliate tracking link) and marketing support – all you have to do is promote the company with your link via social media, search engines or perhaps ideally your own website or blog (see above).
One of the earliest adopters of Internet marketing in the world of Fortune 500 companies was the Coca-Cola Corporation. Today, this huge purveyor of soft drinks has one of the strongest online portfolios in the world. More than 12,000 websites link to the Coca-Cola homepage, which itself is a stunning display of Internet savvy. Their homepage alone sports an auto-updating social network column, an embedded video, a unique piece of advertising art, frequently rotating copy, an opt-in user registration tab, tie-in branding with pop culture properties, and even a link to the company's career opportunities page. Despite how busy that sounds, the Coca-Cola homepage is clean and easy to read. It is a triumph of Internet marketing for its confidence, personality, and professionalism.
Quitting your job without a backup plan has the same effect on your nervous system as walking into the desert without any water. When you’re unhappy in your job, however, that stress can lead to many worse things than anxiety. Stress can cause sleep deprivation, a heart attack, depression, diabetes, and a host of other illnesses. Assess the toll your unhappiness in your current job is having on your health. If the stress is greater than your anxiety about quitting, jumping ship may be the only way to save your mental and physical health.
No matter what method you choose to make money online, understand that you might be able to make some money fast, but for the sizable returns, you'll need significant sweat equity. However, a year from now, you'll be happy you started today. Remember, time is far more valuable than money. Focus on creating passive income streams that will free up your time so that you can quit the rat race and focus on the things that matter.
Walk around your neighborhood or town and I’m sure you’ll see tons of great local businesses with terrible design. However, with increasingly easy-to-use tools like Adobe Illustrator, Venngage, Stencil, and Visme, just about anyone with a creative mindset and a good amount of motivation can start making money online by being a graphic designer for local companies.