So you’re going to quit your job?
Pat yourself on the back because this is a feat and a challenge that most Americans think about on a daily basis.
The sad reality is though, most people won’t ever come close to be able to quit their job.
So in this blog post the best thing that I can do for you is help you evaluate how I’m going about quitting my job step by step, so that you have a solid plan of action to take to make your desired in goal a reality.
So let’s not waste any more time and get right into it.
Now before we begin…
The first question you need to ask yourself is…
“Do I need to quit my job?”
I can’t answer that question for you.
In fact, you need to be brutally honest with yourself to figure out if it’s practical for you.
Yes of course the idea of quitting your job, and not answering to a boss anymore sounds good…
…but can you actually be dedicated enough to work everyday when you don’t have to?
Step 1. Calculate How Much It Will Actually cost you to quit?
Now if you’re probably looking at the computer screen with a Blank Stare.
Of course you probably already know how much you make on your job so what most people typically do is write down the amount of money that they met on their job.
That’s your first mistake.
In order to get crystal clear on what it actually takes for you to sustain yourself outside of your work environment you need the real number that it will actually cost you to be at home.
What I mean is does your job offer benefits?
Related: Make Money Ideas: Make An Extra $1,000 Per Month
Dental, vision, Medical, pet insurance? if so you must factor in how much you would actually pay if you got your own private insurance for you and your family.
With the changes in the Affordable Care Act this number could actually be staggering if you have a family with multiple children.
Okay got your number?
Now combine that number with your total monthly expenses and you have your FREEDOM Number!
Step 2. Come up with a Monetization or Escape plan.
It’s my recommendation that if you’re going to quit your job that you figure out a way earn money on a residual basis.
The reason for this is because you want to know exactly how much money is going to come in on a monthly basis like clockwork, the same way you would know on your job.
My personal plan on creating residual based income is primarily going to come from continuity income I will receive from my membership site.
The plan right now is to offer people a 7-Day trial for $1 inside of my I’M Boss University where I show people step by step how to make money online through Internet and affiliate marketing.
Inside the course we will actually give away a step by step case study on how I was able to create a $5000 a month cpa marketing campaign in 33 days.
Now after the 7 day trial people will get conveniently billed $39.95 per month to stay a member only of they absolutely love the content.
So if my Escape Number was $4000 per month then I would need roughly 100 active paying members.
Now if you’re treating your members correctly there is no reason if you made them an offer to get private 1 on 1 attention with you for an additional fee in the range of $250-$2000.
So with having private coaching or intimate personal assistance as an option you may not necessarily need 100 members to hit that freedom number.
Now if you don’t have the slightest idea of how to go about setting up your own continuity program the great part is you can actually tap into someone else who’s already done the hard part like with Wealthy Affiliate.
On tomorrow I will go into a little more detail on what Wealthy Affiliate is, so that you can make an educated decision to see if it’s for you too.
Step 3. How?
This right here is going to be the hardest step.
This part of the process I can’t really do for you however I can share with you what my process will be over the next 90 -120 days for myself.
To get people interested in my continuity program people have to know about it.
So the two ways that I’m going to focus on spreading the word is
#1 Facebook Ads
#2 Youtube Video Ads
#3 Creating Free Videos On Youtube
#4 Blogging Daily
I will drive all of this traffic to a landing page where my goal will be to capture the visitor’s email address, so that I can begin building a relationship with that person and offer my program, and other affiliate offers as a solution as well.
So for easy maths sake it’s my goal to collect leads in all of the paid environments for $1 per lead or less.
Once I have captured the lead my next job would be to presell them on the benefits of the system I’m going to offer them, but also sell them on why I’m the person to help them achieve that specific goal.
Once they are on my list I will then offer more solutions of things they will need on their journey as an online entrepreneur like web hosting, autoresponders, funnel builders, but also begin to offer them mid ticket and high ticket offers, like home study courses and coaching, so that I have the absolute best chance to make a profit on my advertising.
Eventually once this is setup, for the most part outside of the coaching offer, everything can run on autopilot without much of my involvement, which is the great thing about the internet.
While I’m at work, someone can click on my ad, become my subscriber, purchase my solution, without me having to do much of anything when it is setup.
Step 4. Execute on a daily basis
This step is pretty obvious, however what usually happens after a few days of doing real work on a consistent basis then you begin to make excuses and put things off…
Eventually you end up not hitting your goal of quitting your job and it’s only because you didn’t put in the work necessary to make it happen.
For me on my execution plan that I created for myself yesterday, I wrote down that I wanted to create at least one blog post a day.
This will allow me to start creating more opportunities for people to
find my content on the web.
What this also does is allow
Step 5. Scale
Once you’re seeing your process actually begin to cashflow, then essentially you double down and begin spending as much money as you can on your marketing funnel you have set up because you have thoroughly tested it to make sure it’s profitable.
Then you keep rinsing and repeating until you have hit your freedom number.
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