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The Sad Truth About What Quitting Your Day Job Will Actually Cost You

February 20, 2017 by stefan

cost quitting day job

 

Introduction

OK the whole point of this blog is to inspire others to do what I just did. That is to quit your full time day job to start an online lifestyle business.

Why?

So you have more control over your time and income. And you have the freedom to live the lifestyle you really want to live.

But I want to keep it as real as possible. I am not going to just focus on all the positives (though there are many) and ignore some of the tough things you will have to deal with in quitting your day job.

Its not ALL good news starting your own business and like anything else there will be some challenges.

One of the biggest difficulties starting on your own after all those years of having an employer is giving up all those extra benefits you may have overlooked or taken for granted.

The reality is typically your employer pays and contributes much more than just your salary.

 

Biggest Losses From Employer

401K Match

Lets take a look at a big loss you will take after you quit your job. That is contributions to your 401k. If you have an employer sponsored 401k that is a big chunk of free money you will be missing out on when you quit.

In my situation the employer matched my 3% contribution with 3% of their own. That might not sound like that much but it quickly adds up. For example in my case I worked at my last company less than 5 years but amassed close to $100 thousand dollars for my retirement from just this one employer.

That was with my contribution and their match combined for almost 5 years.

I have over$300,000 in employer related retirement funds in my 15 years total of working in IT.

Now some of that came directly from my earnings but a lot of it came from employer contributions which is essentially “free” money you get as an employee benefit.

That means I am going to need to figure out my best options for continuing to socking away in retirement funds as I go out on my own. Of course I will never be able to replace the “free” money put in by my employer.

 

Healthcare Cost (big one)

OK this is a huge one. As everybody knows Healthcare in this country is a total confusing and expensive mess. But if you work on your own its even more so!

Again this is another area where employers typically take a large burden off of employees with the expense and hassle.

With my former company they withdrew just under $200 dollars every paycheck (under $400 total a month) to cover my portion of the healthcare coverage costs.

Now this was very good insurance that covered myself and my wife and son. The copay’s were ridiculously low and even with quite a few doctor and specialist visits for my son I do not recall having to pay very much at all out of pocket.

I also do not recall us ever having anything denied to us or being able to see anyone we want (but my wife handles all the doctor stuff).

Now on my own, I am paying about $850 dollars a month just to have insurance. But paying twice as much out of pocket every month than I did with my employer is not even the worst part.

My copays all seem to be much higher and some professionals we were able to see before are no longer available to us.

In other words I am paying more but with less options.

The insurance I had at my company was not even available to us as individuals.

We had to stop seeing at least one specialist as we are no longer covered and I know my regular co pays went from $30 dollars a visit to $70.

The juries still out on the quality we will get but its clear to me that even if you pay a ton of money you can better insurance by being part of a big employer group plan. I am not sure on the details but its likely they get better quality by buying into these big plans that cover all their employees.

 

15% Self Employment Tax

This is something that took me by surprise and I did not even know about. Apparently when we are employees we have taxes automatically withheld called FICA which is Social Security and Medicare taxes.

To make up for that we have to pay the equivalent which is the Self Employment Tax (SEP).

Here is the rub though. If you are an employee your employer is paying 1/2 that tax for you. If you are self employed you have to pay the whole thing yourself!

When your an employee your employer takes out approximately 5%-7% from your paycheck and they pay the other 1/2.

But now being self employed you are on the hook for the whole thing.

Off the top of your gross income you will need to set aside 15% for these self employment taxes.

 

Making it Up in Taxes

As you can see there is a ton of financial incentives you miss out on by quitting your day job.

But do not worry. I still think its the right thing to do and happy myself (so far) for my choice. I just wanted to point all this out because everything I’ve read about online business and entrepreneurship they do not talk about this at all!

I think its better to know everything! The good, the bad and the ugly.

But despite all the negatives there are some huge advantages to being on your own.

I am sure you have heard this before but one of the biggest financial incentives to being self employed is taxes!

We can save a ton of money on our taxes compared to employees.

Now let me get this straight. I am just learning all this myself so I am in no way giving advice here.  I am currently looking for a good accountant myself. (hit me up if you have any suggestions).

I am going to keep this general and only talk about some things I’ve learned so far. In the future I will have a post more in dept as this is one of those things its hard to find good information on for people like us.

Also here is a post from Turbo Tax for the top Write offs for the Self Employed.

 

Here is what I plan on claiming or using as a business expense right now.

  • My cell Phone
  • Car (standard mileage reimbursement)
  • Internet
  • Healthcare Costs
  • Business meals
  • Educational Expenses (books, conferences, courses etc)
  • Some Travel (this is a tricky one but you can write off some of your travel expenses if business is being done)

 

Why Its Still Worth Quitting Your Day Job

OK I pointed out some of the big things you will miss by no longer working for a big employer. And its not just salary.

But I want to make this clear. At least for me, so far it has been completely worth it.

It all comes down to One Word: FREEDOM!!

This makes it worth giving up all those extra financial incentives.

Why?

Opportunity cost.

Your job is stealing the time you could be working on your own business which has no salary ceiling. There is only so much money you can make in your day job no matter how hard you work.

In your own business there is no limit.

But for all those hours you put into your day job (typically at least 40) you are costing your business the time it needs for you to dedicate to its growth.

 

What is your true goal?

If you know what your true goals are and what you want out of life it makes this decision easier.

I made a hell of a salary. But this was the path I was on. The next logical step was to get to my bosses level, then there is his bosses level and then there was the head of our department.

Now it would be very difficult to become the head of my department at a company the size that I worked. But lets say I 100% focused on my job and everything fell into place and I worked my way up to the head of my department in 7 years.

Here is the problem with this plan starting on step 1.

To move up I would first set my sights on my direct bosses job.

He has the title of Director. I would have had to work really hard just to get to this next level.

But guess what I realized?

I did not want his JOB!

He works even more hours and has more stress than I do. My goal is to get MORE free time not LESS! By knowing that my goal was not just to make more money but also have more freedom I already knew that this was not going to work for me.

 

And lets take a closer look at the money situation.  I do not know exactly how much my boss made but my guess is its not that much more than I was making.

Lets stretch and say he makes a $50 Grand more then me. My guess is its really more like $25-$30 Grand more.

Well I would just need to make that much more in my own business. If my clients pay me $2,000 grand a month that is $24,000 a year. So with only 2 new clients that’s an extra $48,000 a year!

I can make up the difference of our gap in pay with only 2 new clients. Trust me 2 new clients in my Internet business is a lot less work than what my poor boss goes through. And its also a lot less time and effort than it would take for me to work my way to his position.

And here is a big one. No matter how hard my boss works (and his boss and his boss for that matter) and how many promotions he gets, he is extremely limited in how much more he can make. He will hit his ceiling very soon.

I wanted to get off of that path. I want to remove that ceiling.

 

The Paper Prison

Most people in professional careers, including me for many years, think a certain way. They think if I just work harder and put in more time I will get promoted and make more money.

But that is a dead end way of thinking.

What is the purpose of making more money if you do not have any personal time?

You eventually get trapped into working more and more hours, not living the lifestyle you want or having the time to do things you want to do.

I realized that once I made enough to pay my bills, take care of my family and live pretty comfortably money was no longer my main motivation factor. Now it has become time freedom. The ability to make money on my own terms so I have the time to lead the life I want.

Its not just a blind chase to make more money. My priorities now go in this order.

  1. Make just enough money to cover the comfortable cost of living for myself and my family.
  2. Create the lifestyle I want. After I make enough to cover my costs I want to make sure I am spending my time the way I want to. Doing the activities I want to do.
  3. After the first 2 are met then I focus on making as much money as possible. But I do not want to sacrifice number 2 to just blindly chase more money with no purpose.

#3 ‘making as much money as possible’ really mostly serves #2. The more money you make the more options you have. The more options you have the more ability you have to create the lifestyle you want.

It also makes sense to make more money to invest and grow and provide more security for you family. After reaching a certain level of wealth the option to donate to charities important to you becomes a possibility.

You just have to make sure that as your business grows you put systems in place so that it does not suck all of your time.

If #3 starts to interfere with #2 its time to reevaluate.

One of my first posts was about the importance of defining your ideal lifestyle before even getting started.

 

Conclusion

I hope you found this article helpful. I want to be straight up and share some of the negatives about quitting your job.

Its not all rainbows, butterflies and unicorn farts.

 

But also let you know (that so far) it has been totally worth it for me. As I write this I am sitting in a comfortable coffee shop just a few minutes from my house.

Its a rare rainy (shitty) day in Los Angeles. A couple of weeks ago it was another crappy, rainy day but I still had a day job. So I had to climb out of bed and go out in that rainy weather,. I had to drive almost 2 hours on those horrific LA freeways just because we are supposed to physically be at work. It was annoying as hell!

Today I woke up to the sound of rain. And I thought to myself “you know, another 1/2 hour of sleep sounds really good!”

Then when the time was right I got up and drove 15 minutes to work from a local coffee shop.

That is freedom. That is lifestyle control. And that is what makes all this worth it.

 

Filed Under: Internet Business

My Personal BluePrint To Building One Year of Savings So You Can Quit Your 9-5 Job

February 6, 2017 by stefan

financial freedom plan

Introduction

Well I just wrapped up my final days at work.  As I posted in detail before I gave my 2 weeks notice on January 23rd 2017.

My goal with this blog  is for others who want to follow can see the path from the start not just in a year or two when I’m already having great success and by then it does not seem easy to achieve from someone elses perspective.

But I wanted to take a quick detour this week from the linear progression of preparing to quit, actually quitting and then building success with an online business.

I will start again with my next post on next steps (like my first month with no job).

I wanted to post today on a question I’ve been getting a lot already since starting this blog. In a previous post I talked about the 2 common methods to quit your job and pursue and Internet Lifestyle.

The Burn the Ships Method – You just quit and go all out to make it work in your business with nothing to fall back on if it does not succeed.

The Safety Net Method – You save up a certain amount of money to cover living expenses before quitting your job and ease out of it.

I talked about how I chose the Safety Net Method and decided to save over a years worth of living expenses before quitting.

A frequent question I got from people after that post is:

How the heck did you save enough money to cover living expenses for a year?

That is the question I am going to answer in this post. I am going to lay out my step by step strategy for saving a years worth of living expenses before leaving your job.

Preparing For Take Off

One of the beautiful things about the Safety Net Method is it allows you to validate your business. You can start your business while you are still working your day job and see if it can eventually make enough to sustain you if you quit.

You should keep all the money you make from your business completely separate from your personal accounts. Use the business funds only to pay off business expense and reinvest in your business.

You should try to save all the profit you make from your business in its own account. For the last few months I was making between $125k – $150k (annual) at my day job + another $6-$8k (monthly) from Internet business so the temptation was to increase my cost of living and spend more with that additional income.

Instead I resisted and pretty much ignored any profit from my side business. I just left it in my business account and only touched it when I had an expense related to business.

So by doing that for awhile I now already have about 1/2 of my savings for the year in my business account. I will start to pay myself a salary from this account to replace the income from my day job.

This will put me in the Red each month as my ‘salary + business expense’ is higher that what the business makes right now.

I plan on getting the profit way up in the business that first part of the year now that I’ll be fully dedicated to it and hopefully can get it to cover all my business expense plus my personal income.

But besides this obvious method of starting a side business and waiting until you have a year living expense saved up from just that, I want to go a bit deeper with you on the issue of savings.

You see even if I did not have the money saved up from my business, I could still take a year off from my personal savings.

And that is because I have mastered my own personal finance method, that keeps me out of debt and pretty much worry free and also has money working for me earning interest each month.

My Background In Personal Finance

Before I ever heard of Internet Marketing or decided I wanted to be an entrepreneur I was determined to figure out my personal finances.

I did not grow up with much money and had no one to show me even the basics about it. Like many younger Americans the trap was first set when I turned 18 and started getting all these credit card offers in the mail.

Not quite understanding how that worked I got into credit card debt heavy and from there it was vicious, vicious cycle that lasted for many years.

Every time I paid off a credit card another emergency would come up and Id have to get right back into debt again. I could never save any money and was paying a huge penalty for the “privilege” of borrowing money on a credit card.

I thought the answer was to make more money but although my standard of living raised my debt and money issues just got bigger and bigger.

I started to devour personal finance books but I still couldn’t completely get out of debt and struggled with making and following a  budget.

Finally after many years I came up with my own system. Based off the Pareto Principle or the “80/20 Rule” I found a way to automate my wealth building plan stress free, with no budgeting or difficult self discipline to follow.

My 80/20 Rule to Personal Finance

This not directly related to Internet business and quitting your job but I believe this will help you tremendously in your financial life. And if you have your financial life in order its much easier to quit your job.

I believe so strongly in this plan that I will be writing a book on just this subject in the future but here I will give you the nutshell version.

After years of reading financial books and personal experimentation I came up with this system that has worked perfect for me and I truly believe can work for ANYONE struggling with credit card debt and savings, if they stick with it.

The end goal is:

  • To be out of credit card debt.
  • Have an emergency fund so you never need to use a credit card again.
  • Have 3-6 Months Full living expenses saved just in case.
  • Have interest bearing accounts you continue to build your wealth with for the rest of your life.
The time it takes you to reach this goal will vary depending on what you owe and how much you make, BUT if you use this system and do not quit, I guarantee you will eventually be debt free, have no need to use credit cards ever again and have a comfortable amount of money in savings.

If you use this system you do NOT:

  • need to track what you spend
  • need to spend much time thinking about your finances (probably about an hour or two a month)
  • need amazing financial skills
  • need crazy self discipline
  • and you do NOT need to deprive yourself or sacrifice much.

ALL you need to do is consistently follow what’s described below (I’m talking forever).

Its all based on the 80/20 Rule (Pareto Principal).
You HAVE to understand this and get this down before you go to the 4 steps.
ALL net income you receive EVER in your life (your business, your job, tax return, lottery, everything) you immediately put 20% of it in a savings account ladder (I call it a Freedom Fund).
This is after 401k, taxes etc. just your NET income.
Now I know what your thinking. I am in debt, emergencies come up and I cannot afford to live on 100% of my net income and now your asking me to get by on 80%?
That is a great question and it is something I struggled with at the start.
Here is how you solve it especially when your first starting out.
Put that 20% away immediately after you get any income. Than do your best not to touch it for two weeks while you are waiting for your next paycheck (or income).
BUT if you cant make it the two weeks before you get more income, use (borrow) some of the 20% money in your savings and don’t worry about it.
But only use absolutely what’s critical no more!
Keep repeating over and over every time you get any income.
You will be amazed psychologically how you will find a way to make it work and stretch until the next time you get income  (its only 2 weeks right?).
You might need to dip into the 20% a lot at the start, don’t worry about it. It will get easier as time passes.
OK so got this step down?
Commit right now.
All net income I get for the rest of my life, I will transfer 20% of it to my savings ladder right away.
This is 99% of the work.
If you can do this the rest will take care of itself.
Remember you are not depriving yourself of this 20%. You can always get to it anytime you want.
You just need to get in the habit of setting aside that 20%, every single time! That is critical. Even if you know you will need to take it back out again in 3 days to cover bills it does not matter. Remove the 20% from your checking anyway at the time the income comes in.
Here is a simple graphic of the process:

Step 1> Use the 20% income to initially get an emergency fund. 

Most people will tell you to pay off all your credit cards first. This is WRONG!! You know why?
Because emergencies always come up!! You will be close to paying of your cc and something will always come up again.
Since you have no savings you have to put that emergency on a credit card and the vicious cycle starts all over again.
This happened to me many, many times and set me back years until I finally figured it out!
I’m not talking about 3-6 months living expense. I mean just enough to cover most issues that might come up. Will be different for everyone but probably around $2-3 grand (this should cover most surprise car/kid issues or vacations).
I have 10K in mine but this is after many years. This account is connected to my checking so its easy to transfer the 20% every time.
After I have reached my 10K Emergency Savings limit I transfer any excess to one of the other accounts.

Step 2> Use the 20% to pay off credit cards and all high interest consumer debt. 

Once you have your money for emergencies start taking the 20% from your savings to pay off credit cards. Its important that you do not just use 20% of your income to pay off the cc directly.
ALWAYS get that habit of transferring the money from your checking to savings and THEN using that money for paying off the credit card. Start with one credit card at a time and pay the bulk of it to that one. When its paid off go to the next until your done with all of them.
After always struggling with credit cards I have not had any credit card debt in many years. If I ever need to use a credit card I just borrow from my emergency fund.
There is such a psychological burden that is lifted when you not only pay off your credit cards once and for all but also know that you will not ever need to fall into this abyss again!

Step 3> Build Your Flex Fund

Cool so now you have a small emergency fund (2-3 grand whatever you decide) and you have paid off all of your high interest cc.
Now you are out of the hole and its time to start using that 20% towards freedom and peace of mind! Continue to set aside 20% of everything you make EVER.
Remember you can always pull money out of your fund when you need it (this replaces your reliance on a credit card). Just try not do it.
On step 3 you have flexibility. I would say probably double or triple your initial emergency savings.
You want money that is easy to get to but is still getting you a return. This money is typically to cover bigger emergencies or unexpected purchases.
I would recommend putting about 3 months of your full living expenses in this account. That way even if you completely lose your income you will be OK for at least 3 months and have time to recover.
I use a Capital One Savings account. It has a better return than savings but is still a safe place to park money.
So now you have emergency savings in your regular savings account. You have paid off all Credit Card debt. If you ever need money your borrow from yourself.
And now you have built a longer term savings (3-6 months living expense) on high interest savings account.

Step 4> Build Your Freedom Fund

OK now that you no longer need credit cards and you can recover from any emergency including not working for 3-6 months you are ready to go to the next level.
Keep steady socking away that 20% to invest in things and start building wealth instead of just saving.
I  call this a FREEDOM FUND. I personally put mine in a Betterment Account and a smaller amount in individual stocks.  I use Scottrade for individual stocks to play around with but any reputable online broker should do.
That is it!
This is the exact system I developed and use myself that took me from being in debt, always anxiously waiting for my next paycheck to having ZERO real financial worries (barring complete disaster).
And I do not even think about it!! Once my 20% is put away I spend whatever the hell I want with the rest of the money.
I NEVER EVER spend one second worrying about it or track my spending!!
So, here is the rundown once more.
Immediately start saving 20% of everything you make. If you need money before your next income take only what’s absolutely needed from your 20% fund.
Build up a small savings for emergencies so you never have to use credit card again.
After that pay off all credit card debt using the 20% savings.
Then use your 20% to start building wealth. Get a bigger emergency savings fund, invest in things, take a vacation, buy something you have always wanted, whatever….
 Here are a few other points:

80/20 Principle Wealth Building

Use 20% of after tax income for wealth building accounts. Use 80% to live on.

Every single time you get income subtract 20% and put into the wealth building ladder.
If you have a job match your employer’s pre-tax 401k plan first before other steps.

Put ALL the rest of your pay into a primary checking account.

Take 20% from every paycheck or income that is deposited to the checking account and immediately put it towards Wealth Building Accounts. (non retirement).

That is Emergency Savings, Long Term Savings (3-6 months living expense), Investment accounts.

Pay your living expenses with as much as possible on a rewards Credit Card and pay the entire balance off every week. Only do this if you are extremely self disciplined. I pay off my FULL credit card balance every Friday. 

I use a Chase Sapphire Preferred Card. With putting as much living costs as possible on here its given me about 2-3 free trips a year including a free round trip flight to Germany.

20% Wealth Building Accounts in Order

Make sure to fill these in order. Fill the Flex Fund fully then move onto the Emergency Fund etc….If you put 20% towards it every month these will fill quickly and you will eventually get to the fun part which is the investment accounts.

For some people it will take less than a year to get to step 3 and 4 for some much longer.

It does not matter how long it takes you.

Just keep putting away 20% and you will eventually get there!

Here is what my current Freedom Fund Ladder looks like:

  1. Flex Fund $10,000 in a regular Savings Account. This is to ensure that I never go into credit card debt for any minor emergencies or vacations etc…
  2. Emergency Fund $30,000 in Interest Savings Account. This is for longer emergencies lose your job etc. I have about 3 months full living costs here. I use a Capital ONE 360 Savings Account so I can get a bit of interest.
  3. Freedom Fund $20,000 -? High as you can. This is for long term savings. It uses an Index fund so their is rapid growth. Should be used for non retirement long term investing. After you have filled the first 2 keep putting the 20% here every month. I have a Betterment account.
  4. Just for Fun Fund $10,000 – $15,000 I put in a little bit of ‘play’ money for individual stocks. This should not be taken to serious as an investment. I use Charles Schwab.

Id also like to point out that there are other investments you can make that are potentially more lucrative and could give you faster and bigger returns. Like investing in your own business, another business or real estate.

Update: So its 2024 and I’ve used all the Internet skills learned in the past 7 years to become partner in a company.

A Hibachi chef started taking his talents to peoples home for a Benihana style experience. It did very well in Texas but he couldnt expand from there without marketing skills.

That’s were me and these marketing talents came in to help the company explode into 25+ cities!

We did so well that I am now part owner of the company. It’s hibachi at home and called Let’s Hibachi!

PSA: Be on the lookout for this scam hibachi company called RockStar Hibachi!

This post is for people who struggle with credit card debt and saving enough money to never use them again.

I hope you like the guide and hit me up if you have any questions on it!

Filed Under: Internet Lifestyle

I Just Quit My Job…Now What?

January 23, 2017 by stefan

quit my job

 

Introduction:

In my last post I talked about how the day of reckoning was coming soon. I was finally going to quit my 9 to 5 (more like 6:00 to 5:30 with commute).

January 23rd 2017 was the chosen day of offering my 2 weeks notice to my job and there would be no turning back after that.

Well I am happy to report that despite being very extremely nervous I did in fact successfully give my notice!

There were all kinds of thoughts going through my head as the time for meeting with my boss and letting him know approached.

I was getting nostalgic already and thinking about how this was the best job I’ve ever had and maybe I could never get another one quite like it if the Internet Marketing does not workout.

Proud to say those negative voices were pushed out and I did what needed to be done. In today’s post I am going to talk about some tactics I came up with that helped me get over this nervousness and follow through.

I am also going to lay out the plans for what comes next for me as I start my new path as an Internet Business owner.

 

Preparing For Quitting

So as I have mentioned a hundred times already I was very nervous leading up to giving my 2 weeks notice. Not only did I not want to disappoint my bosses but the fear of leaving once and for all was creeping in and trying to paralyze me into inaction.

Here are some methods I used that helped me deal with the fear.

 

Public Accountability

The first thing I did was hold myself publicly accountable. I made a post on Facebook publicly declaring my plans so that I would be forced to explain if I didn’t follow through when the time came.

At first I was going to post this message on my Facebook profile so all my family and friends could see. But after thinking about it I realized that cant be done because I have some friends on Facebook that I currently work with at my company.

 

Instead I decided to post on an SEO/Marketing group that I am a part of on Facebook.

Here are screenshots of what I posted.

 

Now originally the post was just intended to hold myself accountable. But it also had another added benefit from the encouragement I got from other group members as you can see by the likes and comments below.

 

This was awesome! Sometimes when you tell family and friends your quitting such a great job they do not really understand. Normally they try to be supportive anyway but you can sense they think it might be a little crazy for you to just up and quit a job that pays well and is very secure.

But by letting people know your plans that think like you and know what is possible with an Internet business, they are almost always encouraging because they have went through the same thing or plan on it soon.

 

So your takeaways from this is.

Hold yourself accountable by posting your plans somewhere publicly.

Try to find a group of like minded people so that you can get some encouragement from people who understand.

 

Acting Like Its Already Happened

One of the first things I did was to send a meeting request to my boss for Monday morning. This meeting was to let him know that I was moving on and to give him the official 2 weeks notice.

Here is my resignation letter which I wrote the week before the notice date:

So now I had a meeting set with my Boss (which he probably assumes is just a touch base) and I have already written my resignation letter.

This helped me tremendously because the wheels were put in motion and now I just needed to follow through.

 

I also came in to work during the weekend and cleared out all the personal stuff from my desk. This helped give that feeling of finality and also when I came in Monday I already felt a little more detached with just the bare minimum at my desk.

 

How Quitting Went

So the resignation itself went pretty well. I met with my direct boss and just let him know right away and handed him the letter.

We spoke for about a 1/2 hour and I had to convince him that I was not leaving for another company but going out on my own for at least a year.

He is a pretty cool guy and was nice about everything. Also one of the reasons I did not leave in the beginning of January was because I was the architect for a very complex project and I did not want to leave them hanging. So he appreciated that I finished that project first before turning in my notice.

 

Kind of a funny/awkward thing did happen though. After telling my direct supervisor about my notice he told me that he was going to let the head of our IT Department know (the top guy who manages about 300+ high level engineers).

Now even though he is my bosses, bosses, boss and the head of the whole department we actually talk often because he really likes me a lot and loves to give me shit.

He is from New England so of course an obnoxious Patriots fan (is there any other kind). I on the other hand, was raised in beautiful Seattle, WA and I’m a die hard fan of the NFL greatest team the Seahawks (#gohawks).

So in the spirit of teasing me as he likes to do he sends the email below to our entire group.

Nice timed shot at my Seahawks right? So I go down to grab a doughnut and he of course comes over and jokes around with me. At this point I realize my Supervisor probably has not said anything to him yet.

Well not 15 minutes later at my desk he gives me a call and asks me to come down to speak to him. I go to his office and he lets me know that he heard I was leaving.

I proceed to tell him the story about why Im leaving and he says, “Thank God. I thought it was because you took my Patriots email to seriously!” LOL

So pretty weird timing. He finds out Im quitting 5 minutes after sending an email to everyone calling me out in a joke.

Anyway he is an amazing boss. He asked if there was anything he could do to make me stay, more money, different position, remote work etc… I politely declined but you can see why quitting this job has been such a struggle for me.

At my previous job the person in his same position never even said Hello to me once in 2 years! This guy who is responsible for so many people would always go out of his way to see how Im doing, joke around and be encouraging.

But all good things must come to an end to make room for even better things.

This was by far the best job I have ever had. But at the end of the day its a job.

And where I’m going we don’t need no stinking jobs.

 

Whats Next?

So now I am out in the Ocean with out a boat and its time to swim! I am going to work especially hard the first few months with a real tight focus on what is already making me money.

Now that I have so much more time the first thing I’m going to do is try to optimize even more what is already working so far in my Internet business. Once I have those things maxed out than I will move on to other ways to make money.

Since I have had such limited time with my job I’ve only been able to get a few clients. My best client makes me consistently between $6,000 – $8,000 a month. This is a percentage deal I have. The more money I make them, the more money I get.

So my first order of business is to get this client bringing me in at least $10k every month. This should definitely be doable as I am almost there with the very limited time I have had to dedicate to this. Not only that but there is clear massive opportunities I have already seen to scale this.

Now that the bandwidth is actually there to implement these things it should take off pretty quickly.

After reaching closer to full potential with my few existing clients I will then start to work on getting a few more and figuring out how to scale my services and business.

 

Well now there one important chapter in this book that is closed. From my very first post I said that I wanted to share with you from the very start, my entire personal process of quitting my job and going out on my own to build an Internet Lifestyle business.

There are tons of great blogs out there on this type of stuff but I always found it annoying that they started writing after they were already having a ton of success. I wanted to see the struggles on the way up the ladder as they were happening and how they dealt with them at that time.

 

That is why I will continue writing on this blog.

My mission is to help other people who want to quit their job and have the time to live the life of their dreams .

I think its best if you can see from the very start step by step and realize that everyone has struggles to reach their ultimate goal.

The key is to define what you want, figure out the process to get there and don’t quit trying until you do.

Filed Under: Internet Lifestyle

D-Day is Coming; Countdown To Quitting My 6 Figure Job For Internet Lifestyle

January 16, 2017 by stefan

Introduction:

Well the moment of reckoning is almost here! On January 23rd 2017 I will be giving my 2 weeks notice to my company, ending a 15 year career in high level IT.

 

I originally wanted to do this in the first week of January 2017 but things were delayed a bit because of some family issues that came up and I did not want to complicate my health insurance.

 

That health situation will be resolved this week so that will no longer be a hindrance (excuse).

 

It was actually a good thing because it motivated me to go out and buy personal health insurance for my family now.

 

Since I already paid the $850 dollars for the first month of February 2017 that is another helpful kick in the ass to quit on my deadline since I would be throwing away the money if I do not (I have full family coverage through work).

 

Here is the email from Blue Shield who happily accepted my dough.

 

 

I Am Nervous As Hell

I am in a really good position. Even though I am quitting a job that pays me about a $150,000 dollars a year, I have over a years worth of living expense saved up.

 

Not my retirement, not my investments, but actual cash set aside just for this purpose.

 

On top of that, even if I make the minimum in 2017 that I made in 2016 in my Internet business, that should cover at least 6-8 months of living expense. And of course I should earn way more in 2017 since I only worked 4-5 hours a week on my business because of the full time demands of my job.

 

But guess what? Even with all of that preparation I am still nervous as hell about quitting my job!

 

Overcoming the Fear of Quitting

Its tough to overcome fear. I think its the number one reason most people don’t even attempt to pursue their dreams.

 

Even logically knowing and understanding this it is still very difficult to quiet that voice that is whispering “What the hell are you doing!?”

 

So I have come up with some strategies to deal with this fear and make sure I follow through for myself.

 

The Examples of Others

Looking at what others have done that were in a similar position that I am in now helps. For every excuse I have their are examples out there of people who have overcome them.

 

For example someone who has inspired me to believe I can do this is Gregory Ortiz. You can find a brief bio on him here. But the bottom line is for every excuse I could come up with he already overcame something similar.

 

 

Lack of knowledge and expertise? He started in SEO and online business after I did.

Family to support? He also has one son like me (and I believe a wife at the time of starting)

Lack of funds? Greg was manager of Bed, Bath and Beyond and also living in NYC, one of the few places more costly than Los Angeles. I do not know how much he made at his job but I am guessing he did not save over a $100,000 in cash before quitting his job like I have.

 

The point of all this is no matter what excuse you make for yourself that you cannot do it, there is someone out there that has proven that excuse wrong.

 

Here are some of the main fears/excuses I had to overcome.

 

I cant risk quitting because we are a one income household

Now is there anyone else out there that was successful online in this same position? Of course there was. I found people who not only had a one income household but had a much bigger family to support than I do. I only have one son and one wife to support.

 

I cant risk quitting because I am not (_fill_in_the_blank) enough

Whenever I feel lacking in something. Lets say, I am not good on video how can I be successful online? I find someone out there that proves that wrong. There are of course plenty of people who make money online and do not ever appear on video.

 

Questioning your age? You will find teenagers, people over 50 and every age in between who have all made the successful transition to an online lifestyle business.

 

Using Rationale to Defeat Fear.

When fear creeps in it almost always imagines the worse scenario. What happens if you quit your job and all of a sudden your Internet business stops doing well?

 

What happens if the cost of having a business is to much and you do not make it?

 

What I have found works for me is to battle back these voices with strict rationale counter arguments.

 

For example I would counter to myself when having these doubts, “Look I have made x amount of money in my Internet business just working on it 4-5 hours a week so I just think how much I can make when I am working on it 4-5 hours a day!

 

Another rationale argument is imagining if the worse case scenario did come true how would it be dealt with.

 

The truth is if I absolutely bombed after one year of working on my own Internet business and went through all my savings I could always go back to work.

 

Now the job I have now is probably the best one I ever had and I will likely not get that exact job back. But I could get a very similar job with very similar pay at any time.

 

So the worse case scenario is a year from now I’m at another similar, but not quite as good job. That is a pretty low risk to take in exchange for one year off from work and giving myself a chance to pursue my dream lifestyle.

 

On the other hand I could just keep the comfortable job I am in now for the next 20 years, living unfulfilled knowing I never took that shot of going all in for my Internet Lifestyle business.

 

 

 Strategic Self Pressure

One of the strategies I have used is to put myself in a position where its going to be very uncomfortable for me if I do not follow through and quit.

 

I did this by putting social pressure on the decision by not only sharing with family and close friends my plans to quit but what month I planned on quitting. This is a really good way to hold yourself accountable.

 

By telling my family and close friends enthusiastically about my plans they pretty much bring it up every time I see them. No one wants to be that person that tells people something they are going to do and than does not actually do it. It is kind of embarrassing and you will fight extra hard not to be in that position.

 

I also put pressure on myself by already putting things in place for after I quit date that cannot be undone.

 

For example I ordered and paid for Private Health Insurance to cover my family starting in February. If I don’t quit my job by that chosen date than I just threw away over $800 dollars.

 

Another useful tactic was choosing an exact date to quit. Before I would just say around the time I was going to quit. I finally narrowed down to the month. But what I noticed was there was ALWAYS a reason to extend it.

 

So I chose an exact date of January 23rd to give my 2 weeks notice. I even circled it on my calendar at home so I look at it every single day.

 

Even since I chose a specific date there have been more reasons that came up for me to postpone the quit date. But since I chose an exact date now, I have committed to that date regardless of the circumstances and will be following through.

 

 

Following My Path To Quitting Your Job

So what can you take away from this for yourself if you to plan on quitting your full time job and turning your part time Internet business into your full time passion?

 

Well first take note that I am very conservative with this. I planned this for over a year and like I mentioned have saved up a years worth of living expenses for me and my family. Even if I somehow failed miserably I should still not have to go back to work for at least one year.

 

So many people that do this are not as conservative about it as me. Part of that is my personality and the fact that I live in a very expensive place and I am the sole income provider for my family. If you have a low cost of living or no one depending on you it may make sense to be more aggressive with this.

 

Here are my suggestions to get going.

 

STEP 1: START YOUR BUSINESS NOW!

The first step I recommend you do is start an online side business today if you do not already have one! Do not wait to quit your job before starting your business. Use those evenings and weekends to validate your ideas and start generating profits.

 

I do not mean spending weeks trying to come up with a brand name, website etc.. All you need to be in business is a service or product and a customer. Go out and get that first customer!

 

STEP 2: OPTIMIZE YOUR DAY JOB

Next you need to optimize your day job while you still have it. So much time is wasted in a typical white collar work day, especially when you work for a large company like I do. Get obsessive about efficiency and getting the most impactful work done with as little time and effort as possible. This will not only free up more time for you to work on your side business but make you way more effective when you eventually go full time on your own.

 

STEP 3: EARN in YOUR SIDE BUSINESS

Now start earning money in your side business and be sure to keep all the money from your online profits separate from your personal or day job finances. Use only your business income to pay for your business expenses. You will than start to get a clear picture of how much profit you can expect from your side business (total revenue – cost) See if that is enough to live off of.

 

STEP 4: SAVE

Save like crazy! Again I am conservative and saved a years worth of living expense for myself and my family. Since we live near Los Angeles one of the most expensive cities in America and we live a pretty decent lifestyle that came out to over a $100,000. If that sounds like a lot of money do not let that discourage you. Much of that savings came from my side business while I was still working my day job. So if you have no savings start making money in your side business, save it and quit when you have a certain amount of months living expenses saved up.

 

STEP 5: SET DEADLINES

Make deadlines and stick to them! Give yourself an exact deadline to quit your job. A mistake I made was making my plan to quitting my day job to vague. Since there was no set date it kept getting delayed. There was always a reason to put it off a little longer. Now there is a set date of January 23rd 2017 and there is no getting around it. When that date comes its going down!

 

 

Conclusion:

If you are in a similar position I hope you found this article helpful. I am not going to lie. Even will all of this preparation, I am still in fear of quitting my job. It is the best job I have ever had and the most money I have ever made. But when I reflect on my life every time there was a big decision like this (especially career wise) I have always had some fear.

 

And every single time it has worked out. Every single time I have looked back and said, “Why did I not do that sooner?”

 

And the answer has always been fear.

 

Fear is a very powerful thing. Often we are more motivated by fear of loss than excitement for gain. The question you have to ask yourself is, “What is on the other side of this fear?” Is it the life you have always dreamed of?

 

After all you know what life will be like if you stay where you are.

 

I do not know about you but I am very excited to find out.

 

 

Filed Under: Internet Business

The Most Important Decision That Will Determine Your Success Or Failure Online

December 5, 2016 by stefan

internet business fails

I remember when I first started learning about this Internet Lifestyle and the people who were having success in it.

 

At first there was a ton of skepticism if what they were saying was actually true.

 

You mean these people were able to quit their jobs, remove the ceilings on their income and have total control of their time while the rest of us were stuck slaving away at our 9-5 jobs all day?

 

After accepting that what (most of them) were saying was true and even more, then came the next hurdle.

 

I started to think that there must be something special about these guys and gals that they were able to have so much success online.

 

Maybe these are just really unusually smart and talented people?

 

But after meeting many of them in person at conferences, I came to another realization. Most of them worked really hard for sure, but for the most part they were pretty much like most of the people I have known my entire life. Some were smarter and more talented than the average person and some not so much.

 

But the more and more I thought about it the more I realized that there are some common reasons why these particular people were more successful than most but ONE stood out above the rest.

 

What separates the people who have achieved their goals of a successful online business and the ones who quit and never accomplished them?

 

Well like I said there could be plenty of factors depending on the situations but the key here is THEY DID NOT QUIT.

 

Situations are different for everyone which could contribute to faster or slower success but no matter what the situation is, one thing remains true for everyone; if you quit at something you will never succeed.

 

It really is that cut and dry. If you quit you will not succeed. If you have tried and tried but still cannot make this Internet Business thing work, that is still not failure.

 

Failure only comes when you have given up because only then do you guarantee yourself no chance of success.

 

 

Reasons Why We Want To Give Up

Comparing Ourselves to Others

One of the reasons why we want to quit Online is when we compare ourselves to others. Maybe you know or see a person who is having success online in a similar niche as you but you are still not able to make it happen.

 

You begin to question yourself. Why is not working for me like it did for this person? Are they just smarter than me? Do they know some secret formula that I just do not have?

 

One of the problems with comparing yourself to people you see who are having success online is its not an accurate or fair comparison.

 

Often times you are seeing their end success outcome, while never experiencing the struggles they had at the start. In other words, in the past they may have had the same or even more problems getting good results then you are having now.

 

At some point they overcame those struggles and now you are just seeing the fruits of their success but you did not see how difficult it was for them to get there.

 

People online are typically slow to share their difficulties but quick to share their victories. This is natural as people want to feel smart and crave recognition for their accomplishments.

 

But this also sometimes gives the impression that success is quick and easy and if you do not have good results right away your not going to be successful.

 

That is why I started this blog now before I am making crazy money and before I have even quit my day job. I want to share the struggles, not just the success.

 

Hopefully a year or two from now I can say that I’m wealthy and living the life of my dreams online but you will be able to go back and see that is was not always like that.

 

I want to give you a quick example of the problem with comparing yourself to others.

This is Gregory Ortiz story:

I first came across him when he appeared on the SEO scene as a teacher for Alex Becker Source University. This guy was absolutely killing it!

 

He used to be the manager of a Bed and Beyond in NYC. After discovering Internet Marketing and working his tail off he had tremendous success in a very short amount of time. So much that he became a recognized teacher of Internet marketing.

 

Here is the thing. While I was inspired by Gregory’s story it actually discouraged me a bit as well. You see Gregory discovered Online Marketing after me. Not only that he was making $40,000 GRAND a month after just 6 months of getting started!

 

I had been at it for a year already and was NO where near that (even now I’m not).

 

But this discouragement was very short lived. After beating myself up a bit I quickly got over it. He has a different story than I do. His path to quick success should not be compared to my slower one.

 

I mentally shifted his stories impact on me to where it should be. An inspiration! I realize that its very possible to accomplish this and I just need to work as hard as Gregory and my time will come as well.

 

Feeling Like A Failure

Another reason people quit is because they feel like a failure or are embarrassed because lots of time has passed and they have not had the results they wanted yet.

 

If you are like most people you are probably your own harshest critic. You do not want to add to this pressure by telling all of your friends and family about your plans on building an online business.

 

Look lets be real friends or not, there are A LOT of haters out there. Even the folks who love you and want whats best for you sometimes subconsciously do not want you to kill it online because that would make them feel a bit jealous or inadequate.

 

The last thing you need when your struggling in the beginning and dealing with your own internal dialogue is to have someone else close to you throwing more shades of doubt.

 

Besides, why would you listen to the advice of anyone who has not achieved what your goals are?

 

If you wanted to get six pack abs would you listen to your buddy with a pot belly or the fitness trainer who already has the exact abs you want?

 

Same is true here. People who have never tried to make a dollar online will tell you up and down that it wont work.

 

Listen to the people who have actually succeed at what you are trying to accomplish. Most, if not all will tell you that they did not have success their first time out.

 

Even if your family and friends have the best intentions its best to downplay what your doing online until you have started having some success. If you show to much enthusiasm they might constantly ask you about it which may discourage you at the start when you have not hit your traction yet.

 

 

What Your Doing is Not Working

One way to guarantee bad results is to continue doing tactics that have been shown not to work. The great thing about the Internet and technology is you can test things and usually for a cheap price.

 

I never get those people who insist something does not work when they only tried one way of doing it. If something is not giving you the results you want the lesson is: Do not quit, change tactics!

 

Applying Kaizen To Your Business

There is a Japanese philosophy called Kaizen. It basically means: Working towards constant, continuous improvement.

It is ‘getting better at getting better’. Instead of just randomly trying things, you can put something in place and then make tiny tweaks constantly trying to improve to perfection. In this way you can eventually reach maximum potential for your business and profits.

 

Kaizen philosophy works very well in Internet business because as I mentioned before its usually pretty cheap to test new changes.

 

So for example you could create a new product and throw up a funnel selling that product. Kaizen would keep you busy as you continue making small tweaks every day with the goal of incremental improvement. The sales page copy, the auto-responder, the product, its really endless what you can test, tweak and improve on.

 

Putting Things In Perspective

Lets say you worked part time on your Internet business and for 3 months you saw little to no profit. In fact you even lost money.

 

Now another 6 months go by and your still nowhere near where you want to be. Now you have spent over a thousand on your education and tools.

 

You start to question where this is worth it and if you should just quit. Another few months go by and now its been over a year. So one year of giving up precious free time and spending your own hard earned money with not a ton of money to show for it.

 

But here is the thing. You DO have something to show for it! You have knowledge that you did not have 12 months ago when you started. You have 12 months worth of knowledge that gets you closer to your goal!

 

Really think about this. Even if it took you 2 years to succeed wouldn’t it be worth it?

 

After all a college degree takes about 4 years and can cost between $20,000 and $100,000! And trust me, after 4 years of hard work and thousands of dollars that does not even come close to guaranteeing you a job.

 

Compare that to starting your own Internet Business. Some people see success in the first 6 months but even if it takes you 2 years to start making money that’s less than a college degree and with a way bigger upside.

 

Typically people get a college degree after 4 years, then start at the very bottom of some company and take another 5-10 years working their way up the corporate ladder until they finally make good money. With good money comes long hours and giving up all your time and freedom to a boss.

 

With an Internet business the gold at the end of that rainbow is no boss, complete time freedom and unlimited ceiling on the income you can make.

 

Trust me.  If you are passionate and focused on any niche in the online business world and you work at it every day for 2 years, you should not only be successful but be one of the most knowledgeable people out there on that subject.

 

So in conclusion. No matter how discouraged you get. No matter how long it takes.

 

The real secret to succeeding in your own Online Business is. DONT. EVER. GIVE. UP!

Filed Under: Internet Business, Internet Lifestyle

Review of Alex Beckers New SEO & Internet Service Marketplace Konker.io

October 30, 2016 by stefan

Updated on April 9th 2018

I decided to update this article a bit as it was originally written in October of 2016 when Konker first came out.

Since that time there has been some issues with Konker like being shut down due to attacks.

Also, the owner Alex Becker (who you can read about below in the original article) seems to be neglecting the site due to other projects.

BUT there are still ways to make or save money using Konker.

As a seller to make money or a buyer to save money on SEO type services.

Also, there are some good gigs on there so its worth using. You just have to read the reviews an ratings and make sure you use reputable ones.

Ive used the services for some of my business sites like Let’s Hibachi Catering.

Quick Guide:

Making Money On Konker.io Infographic

There are 3 ways to use Konker. Buying services, selling services or as an affiliate.

We put together this infographic for you on the 3 basic ways to use Konker.

(below is the full article)

konker infographic

Want Share this Image On Your Site?

So who is Alex Becker, what is Konker.io, and why the heck should you care?

alex becker konker softwareWell first let me start with who Alex Becker is.

Alex is one of the most well know personalities in the world of Internet Marketing and SEO.

Besides being a major influence in the IM community he can also call himself a bestselling author and multi-millionaire.

There are plenty of ‘fake’ people in this Internet Marketing world for sure, but I’ve been following Alex since he first came on the scene a few years ago and believe me he is the real deal.

I have seen him grow from hundreds of thousands of dollars and a modest following to 10’s of millions of dollars and a huge following.

Alex started making money with his own SEO company, then transitioned into training others in SEO (where I discovered him) and then again transitioned into developing his own SEO and Internet Marketing Software.

Most of his popularity came from his entertaining Youtube videos like the one below.

Making a somewhat dry subject like SEO entertaining certainly helped him gain a larger following.

He also wrote this book the ’10 Pillars of Wealth’ that every Internet entrepreneur should read.

He goes into details the mindset and keys to achieving wealth in today’s world.

It’s a great book and if you want to pursue an online career I highly recommend it.

10 pillars of wealth

But let’s get back to Alex’s software products that focus on Internet Marketing.

That is where Konker.io comes in.

Konker is an online internet marketing and SEO marketplace.

It is very much like Fiverr where you can buy short term gigs for cheap from a huge marketplace of online providers but Becker’s offerings focus solely on Internet marketing services and products.

This tends to make a better quality of services with more value to real Internet Marketing pros.

So as an Internet Marketer yourself it’s a great place to get services you need fulfilled by other experts or make some money on the platform by offering your own expertise, service or products.

So either order services you need or make money selling services others need, sounds pretty standard right?

Well, that’s not all there is to it.

Maybe the best part about this platform and what makes it unique is you can promote other peoples services and products so that when people order something you automatically get a commission!

That’s right. If someone uses your affiliate link it stores a cookie on their computer and if they place any orders from the site within a specific period it will automatically send a piece of the pie over to your PayPal account.

Difference Between Konker.io and SourceMarket

So Becker originally set up this whole Internet Marketing marketplace over a year ago on something called Source market.

So why did he change over to Konker and what’s the difference?

Well from the looks of it a lot has changed!

SourceMarket seemed to be more of a testing ground to see if there was a viable business idea there before going further.

The service does not even have its own domain name its: ‘market.source-wave.com’ piggybacking off his already well-established SEO brand domain ‘source-wave.com’.

Not only does the new version Konker have its own domain and dedicated branding, but it also has its own beautiful design elements including the logo below.

konker logo

Here is an announcement directly from Becker on the launch of Konker (from his Facebook page).

KonKer is a freelancer marketplace based on the idea of SourceMarket(which will be combining with it on Monday) that is FINALLY giving the power back to sellers.

If you have used SourceMarket you know how viral it is because of the affiliate commission system and the SUPER low seller fees… This has attracted over 50,000 sellers/buyers in the relatively small SEO niche

Every other free lancer site on the internet does NOTHING for it sellers while taking a massive cut. There is zero reason to open a store on these platforms if you already have traffic.

On KonKer though not only do we have an insanely low fee (5% vs 20%+ of most sites) we all give you a commission on anything else your traffic buys from the site.

This means if you open a store and send a customer that buys you ALSO get a 20% commission on anything else they buy from KonKer…This can quickly double your earnings on every customer you send…

ALSO for Market Sellers/Buyers
NOTHING is changing on your end. Your current orders will be moved over, the menus still work the same and your store will simply have a different better looking UI around it =P

Expect some serious upgrades as well =)

In short…its huge…and its going live Monday at 10am

So with all the obvious money and effort poured into this new site, it’s clear that it’s here to stay and the goal is to make it an SEO Marketplace powerhouse.

That is excellent news for you no matter what kind of user you are of the marketplace. The more popular it gets the better for everyone.

Buyers: You will have more excellent services to choose from because it will attract the best providers out there.

Sellers: A larger marketplace means more customers to sell your services to and make a profit with.

Affiliates: As the services get better, the site gets more popular, and there are more sellers to choose from, it will be easier and easier to drive traffic (customers) and get those affiliate earnings.

Konker Seller Fees

I don’t believe this is posted on the current Konker site but here is what the original SourceMarket page has.

According to the SourceMarket Support page:

Source Market never touches or becomes involved with any purchase made. All payments go directly from the seller to the buyer without any fee or interaction from Market.”

Well, there is no better deal than free!

But now with Konker that seems to have changed a bit. Now they are charging a small 5% fee for each transaction.

Now that is still extremely low but like I said its hard to beat free. (I am still not 100% clear that SourceMarket did not charge anything.

It does appear to be the case though. I looked at some of my past product sales and I received the full amount of the service with no subtraction).

Here is a picture of the Konker charging structure for sellers.

benefits of selling on Konker

Again I believe that SourceMarket was offered with no transaction fees because they wanted to not only test the viability of the idea but also build up a strong base of buyers and sellers.

It’s harder to do that when your charging fees.

All in all, it would be dumb to think that they would offer a valuable service like this for free forever.

That just would not make sense for any business.

As you can imagine Becker must have invested a ton of money to get this kind of awesome platform up and going with the end goal of getting a good ROI.

How To Sign Up for Konker

So I discovered something pretty cool. If you already have a SourceMarket account then your login will work on Konker as well. Not only that but it will carry over all your entire profile of past history, work, gigs, orders etc…

I did not need to do anything I just logged on to Konker.io with the same username and password I had from Market Source.

Market Source Profile and Login

source market login

Konker.io Profile and Login

konker io login

New Sign up for Konker

If you don’t already have an account on SourceMarket and you are completely new to this marketplace you need to sign up for a new account.

This is as easy as signing up for any Online service. Just click on the ‘Join” button at the top right of the screen and fill out the form to get started.

konker sigh up

How Does Konker Work?

I will make detailed posts for each in the future but basically, there are 3 different modes to be in when using Konker.

A Buyer, A Seller or an Affiliate.

Here is a basic explanation of each.

Konker Buyer:

How To Order A Gig On Konker:

You want to order and use services on the marketplace. There are plenty of great services you can buy if you own an Internet Marketing company that can save you time and money.

I will post very soon my top 5 favorite gigs on Konker.

To order a Gig simply click on the category your interested in from the top menu.

You can sort by different options of Rating, Newest, Price, Views and Total Orders.

By default its set to ‘Weekly Best Sellers’. Note that a vendor can pay extra to be featured here.

Konker Seller:

How To Become a Seller On Konker:

You want to sell your services or products and make money on the marketplace. If you are a SEO or Internet Marketing Service or product provider this is an excellent chance to get in front of a huge audience. 

After creating an account simply choose “Start Selling” button.

konker.io seller

After that is pretty straightforward. You fill out the form to create and publish your Gig. Just make sure you have something solid to offer and you can deliver.

To get ideas on how to write a good AD just look at the top sellers in your niche for ideas. But at the end of the day, the people who do the best offer a great service at a great price and have excellent reviews.

Konker Affiliate:

How To Become an Affiliate On Konker:

This might be one of the coolest things about this service and an easy way to make money. You don’t even need to create a service!

You can promote Konker as a marketplace or individual gigs and make an affiliate commission! All you have to do is send traffic to the Konker and it will do the rest.

Even if you the person using your affiliate link does not buy the product you specifically promoted you still get a commission on any other service they buy if they went to the site using your link.

My Unbiased Review of Konker

I will not keep you in suspense. I love it!! I use this marketplace as a buyer, seller, and affiliate!

As a buyer, there are some marketing tasks (usually one-off stuff) that I just prefer not to do. These are the types of gigs that I typically order off Konker.

Why not have an expert take care of some of those more tedious tasks we don’t have time to do ourselves?

I have ordered all kinds of gigs from simple stuff to entire PBNs. For the most part, I’ve been pleased with the prices and services.

As a seller using Konker is a no-brainer. You are getting access to thousands of people in your target market you would not have had exposure to otherwise! And this is not costing you any marketing dollars.

You are letting the platform and its huge built in audience get the eyeballs for you.

I also love Konker as an affiliate platform and is what I focus on the most (as you can see their are affiliate links in this post your reading now).

The nice thing about the affiliate platform is its so damn easy! You get your link, you promote and magically money starts appearing in your Paypal! For you its really that simple. There is nothing you have to do. No work setting up services and fulfilling orders.

Also even if you promote one service and the person does not buy it, you will still get paid if they browse the site and find other services they like and order.

 My Favorite Konker.io Gigs

I own an Internet Marketing business myself. So I have found some really great Gigs on Konker that I use regularly myself and highly recommend!


Keyword Research

This gig is slightly pricey but totally worth it! With a money back gurantee and hundreds of positive reviews its a slam dunk. everyone knows that good keyword research is critical. But its a tedious task and these guys do it all for you and probably better that you can do yourself.

PBN

PBNs are still needed but its hit and miss when you buy from vendors. With a 100% positive user rating (at the time of this writing) this is a top-notch service at an amazing price.

PENGUIN RECOVERY

If one of your clients was hit by Penguin penalty from Google they can be screwed! This service cleans it up for them and makes ranking possible again!

Professional Shopify Site

Want to sell on Shopify but don’t have the design skills?

Don’t let that stop you. For just $200 this amazing service will create you a beautiful Shopify website and online store!


Hope you enjoyed this review of Alex Beckers new MarketPlace Software Konker.io

I am really looking forward to continuing the work (and money) that was established in Source Market over the past year. I think Konker is going to take it to a whole other level and one day may even rival Fiverr in the amount of users and recognition.

That is why if you are an Internet Marketer you want to get on this platform now while its still in its early stages!

Click here to Join Konker.

Filed Under: Internet Marketing Reviews

3 Surefire Methods To Get Your First Online Client Even If You Suck at Sales

October 25, 2016 by stefan

online sales

 

I have a confession to make… I REALLY suck at sales.

 

It has just never really been my thing. I remember one of the first (and still worst) jobs I ever had was as a telemarketer.

 

I was about 19 at the time and this big fat guy who had the build of someone who sat at a desk 10 hours day on the phone eating snacks, got up to address all us newbies.

 

He was the top salesperson on the team and they called him the “Hammer”.

 

Well the Hammer made this impassioned speech about how you have to go for “the kill” and you are only a few sales away from being a top dog like him. He then gave us some techniques to use to close our calls.

 

Like everyone else I was all pumped up from the Hammers speech. But then I got on the phone and proceeded to do almost the complete opposite of what he told us. I wasn’t passionate. I wasn’t persistent. I wasn’t confident in the product or what I was saying.

 

Needless to say I had absolutely ZERO sales that day and the Hammers position as the top dog Sales telemarketer was safe. I quit that telemarketing job the next day and have never really liked direct selling since.

 

 

Now of course that does mean I do not appreciate the importance of sales. I actually think a good sales process is one of the most important part of having a successful business.

 

Because remember; at the end of the day, if you don’t have paying clients you don’t have a real business. And you cannot get clients without some form of selling.

 

So I personally hate sales but Im telling you its important to the success of your online business. How do I get around this for my business? Well for one I know that Im going to have to get better at it at some point. Right now with me still being at a full time job, getting more clients is not yet my primary focus.

 

But until I get better at sales let me show you how I got around my weakness in this area to get the clients I have now.

 

By the end of this post you are going to know the answer to this question.

 

How do you get a client if you suck at sales?

 

Here are 3 methods I have been using so far to get my clients.

 

 

1.) Leverage Your Personal Network

When you are first starting out with online lead generation it can be tough. You may not have much proof yet that you can actually bring results for people.

 

One thing you could do is to rank your own websites so you have that much coveted proof of results. What you could also do is to offer your services first to family and friends.

 

Of all your family and friends there has to be someone who has their own business right? Approach that person(s) and tell them you want to help drive more leads to their business.

 

This is an all around win. You get to practice at developing your skills with a real business while at the same time helping someone close to you do better in their business.

 

After you start driving them real results you can record the progress and use it as proof to sell others. You could also ask your family/friend to recommend you to other business owners.

 

What If No Family/Friend Owns Their Own Business?

What if you cannot find someone you know personally that owns their own business? Man you gotta get out more! You don’t have one person close to you who has their own gig going?

 

Well no worries, I guess you will be the first of your family and friends to have a successful business.

 

But if you dont have close friends or family to offer your services to you will have to go one more degree of separation. Ask everyone in your close network if they know someone that has a business and wants more customers.

 

This is not as a good as a direct connection to you of course but still way better than a complete cold connection who you have never met and knows nothing about you.

 

Having someone vouch for you can go a long way towards your chances of successfully signing that client so don’t underestimate it.

 

This first method of leveraging a personal network has worked wonders for me. When I was just starting out and gaining my online skills I approached a very close family member who had their own business.

 

I asked them if I they wanted me to see if I could bring them more leads. They are in a high end service business so each new client is worth a lot of money for their business.

 

So even though its a family member why would they trust their marketing to you? Well the key is to make them an a no brainer offer which we get into more with step 2.

 

 

2.) Make Them An Offer They Cant Refuse

If you want to start a lead generation company and plan on getting really good at it you will have a very valuable skill.

 

Every company wants to make more money.

 

For more money you need more clients and to get more clients you need more good leads.

 

That is where you come in. You are going to use your very valuable knowledge and skill to get their business good leads.

 

But here is the problem. How do they know if you can do what you say can. Can they trust you? Are you just wasting their time? When your first starting out it can be tough to prove yourself.

 

So this is what you offer them.

 

Its very simple. If my work makes you money, you pay me. If not, you don’t pay me. You have absolutely nothing to lose.

 

Now some Internet marketers are going to say this is crazy.  Your services are very valuable and you should be paid for them from the jump. You need to sell the person.

 

And I totally agree. But if you are really bad at selling there is no way you are going to convince a business owner who does not know you and has been pitched by SEO people hundreds of times before to pay you without results.

 

Besides, you should not want someone to pay you if you cannot deliver. You will just end up having a short term client and a burn in churn system that will rely on what you hate. Having to constantly sell to more clients.

 

Instead aim to prove to this client your skill. If you are getting real results after a few months they are going to be willing to pay for that good ROI. That is how you get a long term, recurring client.

 

Even if you have to spend some of your own money during this time it will be worth it for you to work with a real business and have real results to show future potential clients.

 

It really makes me crazy when people tell me they don’t want to invest any time or money in their online career.

 

Think about it. People spend 4 years and almost 6 figures for a college education. The purpose of college is to learn a skill so you can get paid. But even after all that learning and money spent on college, most folks start at the bottom when they start their careers.

 

They still have years of working their way up and proving themselves to their company before they can expect any substantial pay.

 

So what is a few hundred dollars and (usually) less then one year investment into your Internet Marketing skills? Especially when you can start out as the boss (of your own company) instead of the bottom of some corporate ladder taking scraps while years and years pass by.

 

Just to illustrate this for you. I have worked in IT almost 15 years. I have now worked my way up to a level between $125,000 and $150,000 a year.

 

A lot of money for some people right? But my Internet Marketing business which I have been doing for only 2 years and work less then 5 hours a week on generates me between $8,000 to $10,000 a month.

 

So lets be conservative I average $8,000 a month over a year that’s already $96,000!

 

In fact if I averaged $2,500 per client. you know how many clients it would take for me to reach the max window of my IT career that I worked 15 years to build?

 

5.

 

Yes you read that right. Only 5 clients.

 

5 x $2,500 = $12,500 x 12 = $150,000

 

What makes more sense to you as an investment of time and money. 4 years of college and close to a hundred grand in debt. Then about 10 years of working your ass off to reach the upper pay in your field.

 

Or a couple of thousand dollars a year and 1 or 2 years of self training to start making that money in 3-5 years and be your own boss?

 

Now imagine I got just two more clients? That’s $210,000. It would take me at least another 5-8 years to make that in my IT career if it was even possible at all to get that high.

 

 

 

3.) Team up with a Good Sales Person

So if you don’t have any close friends or family with a business to help. And you are so  scared of sales you wont even do the offer they cant refuse. There is still another option.

 

That is you can team up with someone who excels in your weakness. Find someone who is a good salesperson and have them close your potential clients. You can either go into a partnership with them or even better just pay them per close.

 

I have an agreement like this with my friend Rey. He owns a very similar client lead generation site RapidCustomers.com But we dont see ourselves as competition, we help each other out.

 

Rey is an actor, so he has the looks and charm but he is also a damn good sales person. To subsidize his acting career he worked for a big Ads agency for a few years calling and closing every day from a list of warm leads.

 

He later struck out on his own with his client agency. The thing is as good at sales as he is, the technical part of SEO and paid advertising hes not a big fan of. That is where we help each other out. I will send him leads to close for me and give him a cut. He will send technical stuff my way to help him out when he needs it.

 

We both do what we are good at and its a win, win. Now if you find the right person you could form a partnership and they could handle the sales end while you do what you are good at. But for me I think its better to just cut each other in on individual deals and keep your own companies separate.

 

One of the great things about having an Online company is the low cost and uncomplicated startup. If you bring on a partner out of the gate you are going to make things more complicated. Its better to work with someone for awhile on individual deals and only after you know for sure your partnership works to consider sharing the same company.

 

So there you have it. Don’t let sucking at sales stop you from getting starting with your online business. For any business you own sales will be a key component to its success. You can use these strategies to get your sales jump started while you keep working on getting better at sales yourself.

 

Filed Under: Internet Lifestyle

Online Income Report for September 2016

October 14, 2016 by stefan

online income report

 

So I was really on the fence about doing Income Reports but I know they are really popular with people  (I know I love to read them!)

 

Mostly these reports are just to satisfy peoples curiosity into how others are doing.

 

But the more I thought about it I really decided my Income reports can be especially beneficial to the people I am trying to reach.

 

I have been doing this online thing for a bit and making pretty good money BUT I still only have a few clients and have not even quit my full time day job yet!

 

So I am really still at the beginning of this trip, especially when compared to the super successful online folks we have all heard of like the Pat Flynn and the John Lee Dumas of the world.

 

As I’ve mentioned before my blog is really for you if you are in that similar situation. You are just starting out or making money online now but not enough yet to have quit your day job.

 

So I think this is an opportunity to see these types of reports early on instead of after someone is already killing it!

 

I wont be doing these reports every month because frankly they are to much work but I do plan on doing them at least 3-4 times a year because not only will it give you some helpful insights I think it will help keep me motivated to keep earning more.

 

Historical Internet Earnings

So here are some numbers from a previous blog post. It shows my client earnings each month and you can see how its steadily growing (except for May which was due to my client not being available to close his calls).

 

internet-pay

 

Now keep in mind these numbers are just from one client, by far my most profitable one, but still pretty good.

 

I have another client who I make hundreds instead of thousands a month with and another who I just started on so haven’t made any money yet. (I get paid by performance; ie the amount of leads I get them. That’s why is starts off low and slow but can grow to be very lucrative.)

 

So very happy to report that the trend continues and I had another record month for both my best client and my second best client in September of 2016.

 

September 2016 Income

Internet Marketing Client 1:

This is the big Kahuna. My client who I focus the most time on and make by far the most money with.

 

So how did I do in September 2016? Our best month ever!!

 

$8,271.45 

 

My goal is to make $10,000 a month just off this one client alone (which means he would be making over a million in his business only from the clients I get him).

 

As you can see I’m really close to reaching that goal. My first month ever working with him when I was completely new to this, I earned a whopping $87 dollars!

 

Even as recently as January of 2016 (see picture above) it was just $2,790.00. Now we just had my first month ever of breaking $8,000 and I think I know what needs to be done for it to finally break $10,000.

 

Internet Marketing Client 2:

My second main client is not in as a lucrative type of business as my first. He also does no paid advertising. So all the work I get him is through SEO.

 

Typically I make about $400 to $500 a month with this client.

 

But again September 2016 proved to be an amazing month all around as this client also had his best month in the few years we have been working together.

 

His payment to me was:

$1,828.90

 

Very excited about this as I don’t think I’ve ever made more then $800 in a month with this client. In a way its likely that this was just a lucky month but when I have the time to actually work more on his stuff it should go up considerably and stay somewhat consistent.

 

Internet Marketing Client 3:

This client I just started working with and plan on repeating my methods from the first two clients to get them leads and get paid by performance. Again time is a big issue so I have barely even started with them and certainly have not done anything yet that is going to bring them leads.

 

So for client 3 this month I have a big FAT $0 dollars earned this month.

 

I just included them because I want you guys to see this from the start not just when I’m already making money.

 

When I finally quit my full time job in January of 2017, I will have the time to focus on this client and think within 3-6 months can get them enough leads to generate another $800 – $1,000 a month for my business.

 

My Internet Marketing Business Expenses

It is not only important to focus on how much you make but how much you keep.

Your Profit is your Net income. Which is your Gross – Expenses.

Lets take a look at my month for September 2016.

My Gross Income = $10,143.87

My Expenses = $841.00

My Net Income = $9,302.87

(click pic to enlarge)

 

internet income 9 2016

 

With any business you are going to have expenses.

The great thing about an Internet Business is you can keep those expenses pretty low.

As you can see it was only a total of $841 for the whole month.

 

And really it could have been lower. The highest costs for me was work from freelancers I use. The “Rosie” cost of $200 (my second highest cost) is usually $100. As a reward for a good month I gave her $200 this month instead of $100.

 

Before you going thinking I’m a cheap skate the work the person does for me takes just a few hours so even a $100 a month is really good. LOL

 

The ‘Adwords consult’ was the highest at $400 but well worth it. This person completely manages my best clients Adwords account for me now and this is what by far makes my client and myself the most money.

 

Also this was the last month I pay $400 for that service. It will drop down to only $250 from now on. Now that the campaign has reached a certain level of success my consultant had reduced the hours he works on our Adwords campaign. So this expense will almost be cut in 1/2 starting in October of 2016.

 

Tax Benefits for an Internet Business

Now if you know a little bit about business your probably thinking it would be better to add more expenses to my business so I can write more off.

 

This is very true and why I will be seeing an accountant here very soon to help me figure all that out. The accounting and business side of things have been some of the most challenging to figure out.

 

I have setup a LLC but I am still not sure all the ways to take advantage of the tax breaks. When this was strictly a side business thats probably not to big of deal.

 

But now the transition is coming to quit my job and commit to my business full time so its time to figure this all out.

 

My head has been spinning with all the questions and confusion around taxes and having your own business. That is why in the future I will be posting full detailed posts about small business accounting and formation to best help your Internet business.

 

I will be paying professional small business accountants to fully consult me on my situation and posting a detailed report on it. Hopefully this can help you out in your Online Business as you get started.

 

Well there it is. My first time posting my Internet Business earnings online. It is nowhere near the millions that people dream of when exploring the Internet Lifestyle but it was my first 5 figure month so I’m pretty excited. In a few months as I transition into this full time and get more clients I hope that the income will steadily grow and you not only follow along but it inspires you to do the same!

 

 

 

Filed Under: Internet Income Reports

Interview On Starting an Online Business

October 9, 2016 by stefan

interview online businessI recently did an interview for a website called Online Fanatic. The owner of the website is a guy named Kenny, who is from Malaysia but came to the United States at 18.

 

I met him a few years ago at a Internet Conference put on by Mario Brown but we were both mostly there to see an SEO guru by the name of Alex Becker, who was a guest speaker.

 

Anyway Kenny and I hit if off and have remained friends ever since.

 

The thing about Kenny is that he is not only one of the people who is inspiring me to quit my job and pursue an Internet business full time, I think he could also inspire you if you are having similar thoughts.

 

I make a really good salary at my current job but Kenny was in a different position a few years back when he took the leap to a full time Online income.

 

He was working at Starbucks as a barista which is barely above minimum wage. He had also dropped out of college and felt directionless in his life. Living at home with out a good income and no obvious prospects things were looking bleak.

 

That is when he first started looking into making money online. He started learning about SEO and ranking web sites. Every day after his shift at Starbucks he would get on the Internet for hours to learn and experiment.

 

He slowly built his skills until he was able to consistently rank keywords that he could then monetize.

 

This lead to him making a bit of an income from his efforts. Once he got rolling this quickly grew to surpass his monthly earnings from Starbucks.

 

As soon as he had 3 consecutive months of more money made online then his full time day job as a barista he quit!

 

That was over 3 years ago and Kenny has never looked back. Yes he still works very hard but now its on his terms. No more servicing surly customers at Starbucks for low pay. Now he determines when he works, when he does not and he is his own boss.

 

Like I said earlier Im really inspired by Kenny. No he is not a millionaire but he has control of his time and works on his terms.

 

Its one thing to read peoples stories online but when you know someone personally who has made this work its pretty awesome! He is much braver then me as I have still not quit my job.

 

I now have almost a years worth of life expenses saved up and that is why I’ve finally worked up the courage to give this a go.

 

Anyway now that you know a little bit about Kenny you will understand why I was flattered that he asked me to answer a few questions for his audience.

 

Among other things we discussed:

The hardest thing about starting a side online business for people with a day job.

How hard is it to get started online?

3 actionable steps for making money with Google Adwords

The difficulties in scaling in an online business

Tip on time management with juggling a day job AND an online business

Some recommend books for people who want to quit their day for an online lifestyle.

 

I hope you like the interview. You can find it here.

 

I encourage you to go out and meet and network with people who either have the same goal as you or even better, are where you want to be in 2-3 years.

 

People who working regular 9-5 jobs will often try to discourage people like us from our online goals. But there is no sense in listening to people who have not achieved what you want. You want to listen to the people who have.

 

Also its great to have someone to hold you accountable. I have told Kenny (and publicly to everyone on this blog) that I am quitting my job in January of 2017. Excuse after excuse has kept me from making the leap but with the growing success of my online business and the amount of money I have saved there is no more excuses.

 

Kenny constantly reminds me of that and lets me know that I will be getting shamed if I come up with another excuse and don’t follow through on my January 2017 plan.

 

In the very near future I will be interviewing Kenny here on this blog as well. I went into it a little bit but he has a very interesting story that will help inspire anyone looking for the courage to quit their day job.

 

Until then, once again here is the link to his interview of me.

 

 

Filed Under: Internet Lifestyle

How I Made $7,128.21 Last Month Working 4 Hours a Week On My Part Time Internet Business

October 3, 2016 by stefan

money-online-business

I know, I know. These type of headlines always sound like hype.

But its true so there it is.

Of course there are people making $70,000 or $700,000 online every month instead of my $7,000 so everything is relative.

But this article is for people in a position similar to mine. You are just learning how to make money online and still working a full time job that you hope to transition off of eventually.

For you guys how nice would it be to have an extra $7,000 a month?

Well in this article I am going to tell you how I reached this level, how I plan to scale higher and some tips on how you can do the same.

What I Made

I made over $7,000 dollars last month with just one client (my best client) with my side Internet business!

The past few months have been really good with this particular client and have steadily come in between $6,000 to close to $8,000.

That is up from my previous high average of $4,000 – $5,000. The crazy thing is that is without adding a new clients and I actually have worked a little less then normal during the past few months because of increasing demands from my day job and some family issues that came up.

Below is the invoice they paid me for September 2016 for work done in August 2016. Again this is for my one main client.

internet-money-proof

So not going to lie having an extra $7,000 to $8,000 hit my bank account each month feels pretty damn good!

Right now in preparation for quitting my full time job in 4-5 months I basically put it all in my business account and only pay for my business costs out of that account.

My plan is to save everything in my business so when I quit my full time job I can pay myself a salary with the side business and subsidize the gap in income I will have with what I have saved.

For awhile anyway I expect Ill be making much less at my side business then I do with my full time job.

So if I make lets say, $6,000 one month from my Internet business but I’m used to making $8,000 a month from my full time job Ill take the extra $2,000 out of the business savings.

Assuming I slowly start to make more in my Internet business when I start full time the savings I have now should last at least a year.

Ill have a full post on my plans for financial transition in the future.

Whats your Plan?

So enough about me! Lets talk about you!

How would you like an extra $7,000 a month from a side business that you work on for about 4-6 hours a week?

Well, I am going to show you how I did it. One really big thing I want to point out!!

I did not just start learning this stuff a few months ago and now I make $7,000.

I had been struggling to try to learn Online marketing on my own and eventually reached this point.

Once I quit my day job and can do this full time I expect to quickly double and triple this.

But if you don’t already have a lot of experience with Internet Marketing don’t let that discourage you.

I am hoping with this post you can cut out a lot of the mistakes I made and go straight away to what works.

So for you hopefully it won’t take years to start making good money but instead months.

Different Ways to Make Money Online

First, let’s take a quick look at some of the ways to make money online.

Nowadays there are hundreds of ways to generate income online but some of the most popular are Affiliate Marketing, Product Selling (Amazon or Shopify store), or taking on clients for lead generation.

Lead generation can be SEO, Local SEO or paid marketing like Adwords and Facebook.

Now anyone who has made money in any of these areas is going to swear by it (and rightly so, since it works for them) but we are going to talk in this article just about Clients Leads or Lead Generation.

That is what I’m most familiar with and that is what has been putting that extra loot in my account the past 2 years.

Why I do Client Leads

–Fast way to make money
There are many, many reasons I am a fan of Lead Generation for Clients.

One of the biggest reasons is the speed at which you can get in the game and start making money.

All you have to do to get started with lead generation is to convince just one business owner to let you send them leads and pay you for them.

(Don’t worry I will go into detail later in this post on how to make an irresistible offer for your potential clients).

–Viable skills to learn for now and future
Another reason why I like lead generation for Internet business is that its a solid and viable business to be in for now AND the future.

The Internet changes daily and the way to successfully market online does as well.

But once you have mastered the basic principals of online marketing you can adapt along with the changes.

At the end of the day, every business is looking for new clients.

If you have the skill to bring them, new clients, you and your services are going to be in high demand.

–You can make money while learning
With Lead generation, it’s possible to make money while you are still learning.

Now, how many business opportunities are going to pay you while you are still learning?

When you first start out I recommend you only charge your customers on a performance basis.

In other words, they are only paying you when you bring them results (ie they have nothing to lose).

Now some experienced marketers are going to say that is crazy. You should up your sales skills and demand payment for all of your work.

But in my opinion, unless you are some type of Internet marketing savant you are not going to get great results in your first few months of learning.

So why provide bad service and make a client unhappy?

So you could either take 3-6 months pour yourself into training and rank your own websites.

You would then have the skills and proof to get a client.

Or you could use this method of agreeing to only get paid for what you bring and rank a live client site while learning and getting paid when you perform.

Here is a picture of what my 2016 income earnings from my ONE main client look like.

internet-pay

You can see steady growth each month for 2016. There was only a big drop off in the month of May but that was due to my client not being able to close his leads for 1/2 that month because of personal issues.

This is the method I have been doing for almost 2 years. 2015 was much less money and let me tell you my very first month I studied and worked so hard and my grand total for all my work was only $87 dollars!

But you know what? I was not discouraged!

I figured if I could make $87 dollars after just one month of learning a new skill the upside could be huge.

NOTE: I wish I still had the picture of this first check to show you. (I took a picture of it at the time but lost it on my old phone)

When I saw that first small check I knew this was possible I just had to get better at it!

How well could I do when I was actually sending the client dozens of new leads a month, instead of just one that first month that they closed for one of their low-end services?

Now that same client I made my first $87 dollars with 2 years ago is the one I am citing here for the $7,128 made last month.

(I only have a few clients with this one making the majority of my income. That is why I am using them in my example).

I actually made more in total with my few other clients then I show here. I have not been able to maximize the others or get new clients because of the demands of my current full-time job and that is why the whole goal is to quit the full-time gig soon so I can grow my business.

The Trick to Getting Your First Client

trick-online-marketingThe trick is…..Find Someone With a Business Who Needs Leads!

Ok so you have little to no experience getting leads online so how in the hell do you get your first client?
The first thing to know is that despite your lack of experience you are going to have a pretty attractive pitch.

What if you owned a business and someone told you they were going to send you new customers and you did not even have to pay unless the leads they send became paying customers?

Pretty much sounds like a no lose proposition right?

Well it is but you would be surprised how many people reject this offer because it sounds to good to be true.

How to find Clients (family,friends)

So what your going to do is start with your personal network. I don’t care who you are or what you do, you have to know someone who owns their own business. A friend, a cousin, an uncle, a neighbor, whoever.

Anyone who has a business wants more customers. And for that they need new leads.
If no one comes to mind right away ask family and friends if they know anyone, look on your social networks like LinkedIn and Facebook for friends who own businesses.

Now for your first client if you are still learning marketing you probably cant be to picky. But I highly recommend you try to find people who have high end services.

Think Doctors (plastic surgeons), Lawyers or emergency plumbers etc).

You want clients where just one new customer is worth thousands of dollars to them. That way at the start when your leads are just trickling in at a few per month, its still worth it to them and you.

For example if you get a plastic surgeon as a client just one extra patient a month for them is potentially worth $10,000 to $15,000 to even $30,000.

Now compare that to someone who sells T-shirts or something where a new customer is only worth between $10-$20 to the owner.

So of course the surgeon is going to be a more lucrative customer for you even if you only got them a few extra leads a month.

How to convince them (performance pay)

So you have little to no experience and no existing customers. How do you pitch this? Once you find that friend, family member or acquaintance that owns a high end service its time to do a bit of research.

Before approaching them you want to see where there site is currently at. Most people who own a local business have terrible SEO and Internet Marketing and just by doing some very simple steps you can improve their results drastically.

But if they are already spending money on professional Internet marketing and getting good results they probably are not going to want to switch over to you despite your relationship.

Also you wouldn’t want them to if you cannot deliver the same or better results as the professionals they currently use as it may ruin your relationship.

What you want to do is find people who anything you can is going to be a benefit to them because they dont have good results now.

You can follow some of the steps in this post to see if professional marketing has been done to your potentila new clients site already. http://neilpatel.com/2015/09/01/the-simple-but-effective-guide-to-keyword-competition-analysis/

If they do not seem to have a strong presence on the Web and you know they are missing even some of the basics then you are in business!

How to approach

This of course is all going to depend on the relationship yo already have with the person. In general you do not want to make a big deal out of it.

Approach them causally and let them know that you do Internet Marketing now and think you could help send them new leads.

Do not go into technical details just tell them you think you can send them new leads online and would they be interested if you could? If they say Yes, tell them it will take at least a month or two of work to start seeing results.

Ask them how much each new client is worth to them.

Then ask them if it would be fair to pay you x amount per lead (I usually do 10% for high end leads so a $10,000 client for them gets me a $1,000).

Now if they are willing to spend money on paid advertising that would be best because you can start getting them leads quickly.

If they don’t want to invest much money in paid adverstising then you will need to do SEO. I typically recommend creating your own site all together instead of using their site.

This is more work at the start but will potentially save many headaches in the future.
First off. You can make sure the site is 100% clean and done right. If they had any bad SEO done in the past you wont have to worry about it.
Second. You own the site.

If you spend months or even years building up someone else site they still own it. When your business relationship ends the income generating asset you worked so hard on ends as well.

On the other hand if your relationship ends (disagreement, they decided to retire etc) you wont be left holding nothing.

All you have to do is find another person in the same business, in the same area, make a similar deal and start sending the leads to them.

Expanding your Online Business

expand-online-businessYou Never Forget Your First
When you are first starting out your most important client is your first. I am still with my first client from 2 years ago and its the one I have been using as an example in this blog post.

From $87 dollars the first month to almost $8,000 now.

Do not worry about making a ton of money at the start. As you learn more about this world you will see people on the Internet making $10,000 a month, $50,000 a month and even over a $100,000 a month.

Trust me NO T ONE of them STARTED there.

Don’t worry about making a bunch of money with your first few clients.

Instead focus on getting really good at what you do and providing the best value possible.

When you make people good money they naturally become your best advocates.

I have been doing this for over 2 years and I am just now getting to the point where I am looking to quit my job.

I know guys that knew next to nothing about SEO or Online Marketing and were able to quit their jobs in less then 6 months.

So we all come from different places and will advance differently.

It took me awhile because my job and family takes so much time and I’m super financially conservative (I have saved almost $100 thousand dollars in anticipation of covering my income lost with the job) but the point is this is not going to happen overnight.

After you start having success with that first client go get another one. Now that you have proof of results it should be easier to get another client.

After you start making money, reinvest it into the business with software tools and virtual assistants to help with the workload.

Once you are making close to the income from your day job and focus full time on your business.

With that extra time you should be able to increase your clients and the positive results you bring them.

Then keep repeating these steps until you scale to the level you want to be at.

–Reinvest profits in your business
–Keep learning more
–Spend on getting new clients
–Hire help as you grow

I hope you enjoyed this article on how I made/make money on part time Internet business. Get started now. Commit to learning and never quit. You will get to where you want to be.

Filed Under: Internet Lifestyle

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