I see a lot of posts of people asking what skills to learn or jobs or industries to get into. I thought this topic may be of interest to some of you. If your very entreprenuerial or looking to acquire some skills on your own to work at for money later but aren't making money to do your husltes or focus on entrepernushp and support yourself right off the bat I'd suggest this strategy.
I have a college degree, was working in online marketing/advertising and media buying at a startup. Really cool atmoshphere. Problem was in 2007 when the economy went to shit and especially car companies I wound up without a job, most of my clients were car companies.
I wind up landing a job at orbitz however comming from a startup I wanted to kill myself working for a big corporation. 3 days in I raised my hand in a meeting and said I can't do this, turned in my laptop walked out and quit. At the time I was being a bit immature, I probably should have stuck it out a bit but had a bit of entitelment attitude maybe and thought comapnies were just throwing 50k a year jobs at graduates. I quickly learned that wasn't the case.
Fast forward a few months I land a job. Has benefits but nothing reat making like $13 an hour however it's a job where I have a lot of downtime and only have my manager stop in about once a week.
I probably should have moved on by now but decided it's easy and I don't mind the job, but more importantly because I have so much freetime I'm covered by insurance, and have plenty of time to read, learn languages, work on websites and my own hustles. This actually worked out well for me.
First couple years I hustled a bit at affiliate marketing and blogging, nothing big maybe making a few hundred a month, got into a few other hustles, took some time to learn coding a bit, learn spanish, read and leanred about PPC advertising, basially just trying to become more well rounded and learn some marketable skills and maybe some things I could hire myself out as a consultant doing.
Well a few years in I see my little sister who graduated a few years after me pulling in like 60k a year, same with many of my friends. I started wondering if I went wrong with my strategy because I make maybe 30k at my day job and though my hustels maybe bring me 10k a year I'm still making less than them.
Well I wind up starting a business, I have plenty of timee at my day job to send out email blasts, do marketing, take orders on the phone, etc. Was making about 5k a month, not bad but splitting it with a partner and even then most money rolled back into busines. I was happy but still not caught up to my sister and peers in terms of income. IN the past 6-8 months my business has really exploded though, we doing 15k to 20k a month, both still working our day jobs so still have insurance and a steady paycheck in addition to my business. Again, I don't take a lot of income out but can start paying myself more and all the rest of the money although held in merchant holds and stuff is still mine someday. I'm finaly getting to the point where I"m ready to quit my job, making enough money and business has grown to the point where I can no longer manage it fulltime without either quitting or hiring an employee which I'm hesitant to trust someone with my business.
Anyhow, thoguht this strategy may be of some interest to you guys. Whether you are doing it intentionally or just have a job your not happy with and want to grow it into something else a job evenn if it's low paying can be good if it leaves you with free time to either improve yourself or start up something else on the side. You get all the perks of security and insurance while working on your startup so basically get to be an entrepreneur without the risk and no insurance and going without pay.
I have a college degree, was working in online marketing/advertising and media buying at a startup. Really cool atmoshphere. Problem was in 2007 when the economy went to shit and especially car companies I wound up without a job, most of my clients were car companies.
I wind up landing a job at orbitz however comming from a startup I wanted to kill myself working for a big corporation. 3 days in I raised my hand in a meeting and said I can't do this, turned in my laptop walked out and quit. At the time I was being a bit immature, I probably should have stuck it out a bit but had a bit of entitelment attitude maybe and thought comapnies were just throwing 50k a year jobs at graduates. I quickly learned that wasn't the case.
Fast forward a few months I land a job. Has benefits but nothing reat making like $13 an hour however it's a job where I have a lot of downtime and only have my manager stop in about once a week.
I probably should have moved on by now but decided it's easy and I don't mind the job, but more importantly because I have so much freetime I'm covered by insurance, and have plenty of time to read, learn languages, work on websites and my own hustles. This actually worked out well for me.
First couple years I hustled a bit at affiliate marketing and blogging, nothing big maybe making a few hundred a month, got into a few other hustles, took some time to learn coding a bit, learn spanish, read and leanred about PPC advertising, basially just trying to become more well rounded and learn some marketable skills and maybe some things I could hire myself out as a consultant doing.
Well a few years in I see my little sister who graduated a few years after me pulling in like 60k a year, same with many of my friends. I started wondering if I went wrong with my strategy because I make maybe 30k at my day job and though my hustels maybe bring me 10k a year I'm still making less than them.
Well I wind up starting a business, I have plenty of timee at my day job to send out email blasts, do marketing, take orders on the phone, etc. Was making about 5k a month, not bad but splitting it with a partner and even then most money rolled back into busines. I was happy but still not caught up to my sister and peers in terms of income. IN the past 6-8 months my business has really exploded though, we doing 15k to 20k a month, both still working our day jobs so still have insurance and a steady paycheck in addition to my business. Again, I don't take a lot of income out but can start paying myself more and all the rest of the money although held in merchant holds and stuff is still mine someday. I'm finaly getting to the point where I"m ready to quit my job, making enough money and business has grown to the point where I can no longer manage it fulltime without either quitting or hiring an employee which I'm hesitant to trust someone with my business.
Anyhow, thoguht this strategy may be of some interest to you guys. Whether you are doing it intentionally or just have a job your not happy with and want to grow it into something else a job evenn if it's low paying can be good if it leaves you with free time to either improve yourself or start up something else on the side. You get all the perks of security and insurance while working on your startup so basically get to be an entrepreneur without the risk and no insurance and going without pay.