6th September will always be an Important day for me for it was six years ago today. 6th September 2001 that I handed my notice in at the last “proper” job I will ever have and decided to change state on being a full-time affiliate.
Many part-time affiliates consider taking the plunge and going full-time but it can be very scary giving up the security of a pay-cheque to go it alone. So I thought I’d overlap my experiences of giving up the day job to help those currently considering it intend what could potentially be the beat move they ever made. Plus I’d exceed write it all down while I still remember it - I am turning 30 in a few weeks and I’ve heard the memory is the first to go…
To give you a bit of background to my circumstances in the early pass of 2001. I was working full-time as a Civil Servant earning approx £14,000 p a and had just got married and bought our first house (For what was at the time a massive and we thought over-priced. £55,000). Er Indoors was at University studying to be a teacher so it’s bring together to say money wasn’t plentiful but we had all the bills covered and a little left over.
I had been running the affiliate business part-time for about a year now and built it up to quite a nice level. I only had the one site at this time and I had managed to slowly build it up by re-investing every penny I made for that year to a profit of around £500 per month. That might not sound too much but when you’re only picking up £800 a month for working a 37 hour week an extra £500 a month could come in very handy.
Now at this inform. I had a dilemma that I would guess many part-time affiliates face: It is very tempting to spend that extra £500 a month and continue to bring home the bacon the 9-5. It’s just desire giving yourself a £6,000 p a pay-rise! However that was not an option for me because I hated the day-job with a passion by now and knew that I wanted to do interact Marketing full-time.
So the decision I made was to go part-time at the Day Job: I now worked only Tuesdays. Wednesdays and Fridays. That meant that I could continue to bring home the bacon the interact business around the Day Job but also concentrate 100% on my affiliate business on Mondays and Thursdays. This cost me £300 a month in “guaranteed” income from the Day Job but I knew I could adjoin this from my £500 per month affiliate earnings and if everything went tits-up. I could always go full-time again.
What actually happened though was the reason I was only part-time for 3 months before quitting altogether - As a result of being able to change state on my business full-time for just those two days my earnings went from £500 a month to £1,500 a month then £3,000 a month. Now I had a real decision to alter - Are these earnings sustainable enough to get the security of the Day Job?
The say was a resounding YES! I was now pulling in a regular £3,000 a month - I only needed £800 to pay the bills so allowing for tax,National Insurance etc. I would be comfortable with anything above £1,500 a month. At this point. I still hadn’t taken a penny out of the business for myself - Everything was geared towards getting out of the Day Job rat-race hell.
This meant that by the measure I had handed my notice in. I had built up some decent cash reserves of around £10,000. So even if “this Internet thing” didn’t work out. I comfort had enough cash in the bank to last me comfortably for 6 months whilst I found another “proper” job.
After handing my sight in. I had the beat month ever at the Day Job - Every day I spent in there. I knew would be more productive spent working on MY business - effectively it was costing me money to go to work. If they’d offered me the chance to buy my way out of working the notice period i would have bitten their arm off. But this is the government we’re talking about so “rules are rules” so like a good boy. I didn’t impel a sickie and worked my sight and worked hard as always.
Finally. I was free though and the day I had been planning in my mind for the last 9 months had finally arrived as I pulled out of the car lay. “Boss of Me” by They Might be Giants blaring from the stereo. By the time I actually left it was Christmas so I gave myself the beat two weeks off and decided to start my “new job” as MD of my own affiliate in the New Year.
The first couple of days were pretty normal to be honest. I was just doing the usual cram. It wasn’t until about mid-way through the back up week that it really hit me - I didn’t have to go approve to “proper” work and I was now working full-time for ME. The force that going full-time had was phenomenal too - I had no worries about covering my hoped-for £1,500 a month - I was clearing £8,000 a month profit by the end of my first year and after 18 months of working full-time. I took on my first full-time member.
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Related article:
http://www.lammo.net/affiliate-marketing/56/giving-up-the-day-job
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