I’m Quitting My Day Job…Soon…

I wanted to open up a little bit today and share with all of you some of my background as well as my plans to make quitting my day job a reality in the next couple of months.

If you have been reading my blog for a while, you probably know a little bit about me, but not very much.  I’ve been hesitant to share a lot of personal information up to this point, but I expect that to be changing in the near future as I transition from my day job to a full-time living online.  Did I mention that I am really excited about that?!!

My Professional Background

When I first started studying in college about 10 years ago, I was fascinated by 2 things: the dot com boom, and the stock market overall.  These 2 interests, plus the fact that my dad had recently started his own company let me to get a degree in Finance.

After graduating with my Bachelors I went to work for Merill Lynch and worked on a team of advisors that managed some really large clients (having investment assets of at least $10 million was a minimum requirement to have your money managed by that team).

After about 2.5 years of working there, I decided to go back to school for my MBA.  Also, at about this same time, I started dabbling around with building websites when I wasn’t studying or working.  It turns out I was more fascinated with the websites involved in the dot com boom (and the money they made), than I was in finance.

I graduated with my MBA in 2007 from Arizona State University.  Since then, I have been working for a large banking institution involved in business banking.  I get to work with business owners on a daily basis to help them with their financing or other banking needs.  One interesting fact is that I work with about a half dozen internet marketers who have sizeable accounts with us!  Its motivating to see the kind of money these saavy business owners are making!

My Internet Marketing Background

I built my first website in 2006 that was a personal finance blog of sorts.  I worked really hard on this site and the information was top notch! (At least in my opinion).  However, I knew nothing about keyword research and I had no idea how to promote it.  So, it fizzled and died pretty quick.  However, I did make a few bucks here and there which kept me hooked! (This site is still up and running, but still only makes me a couple of bucks a month).

It wasn’t until after I got out of graduate school that I really had any time to work on my websites.  I built a number of websites that failed for a couple of years, but I was learning!  Then as you all know, I discovered the power of niche websites…and things have changed drastically since then.

I have documented on this website pretty well exactly how I built niche websites that rank natually in Google, and then how I monetize that free traffic using Google Adsense typically.  I do have a few websites that promote affiliate products and I do have some income through other sources.

However, the majority of my earnings is through these small niche websites.

My Earnings from Internet Marketing

I don’t want to get in the habit of sharing my earnings on this blog, so don’t get too excited…sorry!  However, I will give you a bit of an insight today, since I am discussing quitting my day job.

A year ago, I was only making $200 to $300 per month profit typically.  In the past 12 months I have been building niche websites with gusto, and my earnings have gone from $200 a month to over $5,000 a month during that time.    Last month was my best month so far.  I won’t say exactly how much, but it was over $5,000 last month.

Here is a screenshot from ONE of my Adsense accounts last month:

I also have another adsense account that did pretty good also.  I  have an Adsense account under my personal name, and one under my business (this is okay with Google).

I also had earnings from Clickbank products, Amazon affiliates program, the eBay partner network, Kontera ads, Infolink ads, and possibly another one of two affiliate networks.  So, overall my earnings were a good bit more than the image shows above; but Google Adsense was by far my largest earner.

My Plans to Quit My Job

So, last month was actually my first month to officially earn more from my internet marketing efforts than my day job.  I expect this month to be about the same.  And I fully expect that my online business income will increase over the coming months.

So, my goal is to quit my job by the end of the year!  I don’t know exactly if that will happen, but it something I am shooting for.   The nice thing is, that I have been saving ALL of my business earnings and either re-investing it in the business or keeping it in my account.  I now have about 6 months worth of living expenses saved up for when I quit my job, so the transition shouldn’t be too difficult.

However, I am hoping to increase my income just a little bit more before I make the big jump into self-employment.  I want to make sure I get things like health insurance and other issues figured out before I leave my day job as well.

Overall, let me just say that this is an EXTREMELY difficult decision!  I put a lot of years and A LOT of money into my education and now I am essentially giving up the future I had originally planned.  (But my new future is much more exciting and I am MUCH more passionate about it!) And of course my wife is MUCH more nervous about this move than I am, so I have to take that into consideration as well.

What this Means for YOU!

So, I’ve been talking about myself for long enough here, what does all of this mean for you?  Well, some of my biggest plans revolve around you, the reader of this blog!  I want to start interacting a bit more with you and help others to build their online businesses.  I plan to start sharing more of the techniques that I use and potentially start coaching those who are looking for a little bit of extra help.

Overall, I think my move into full-time internet marketing will be a good move for you!  I will be able to devote more time to blogging and hopefully getting more involved in the internet marketing community.

Anyway, I would be interested in hearing your thoughts on my plans to quit my job!  Please posts your comments or questions below…thanks!

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95 Responses to “I’m Quitting My Day Job…Soon…”

  1. Can you put adsense and infolinks on the same page.

  2. Great decision. I am just starting out, and my “quit” target is to be able to pay my rent each month. Then I’ll have a lovely 45 hours a week extra to work on sites. In fact I am on 2 weeks vacation right now doing just that. Keep writing and I’ll keep reading.

  3. Great encouragement for those of us who are “still” trying to figure it all out!

  4. Spencer if you keep your job doing it part time if it permits you and doing internet marketing, then you will diversify your income sources.

    However you can replace your day job with e-commerce. I believe e-commerce websites are deindex-proof which Google treats as real businesses and likes them in their search results.

    Another option is to do all three – have your day job, do internet marketing and e-commerce. They will keep you busy, but the key here is to outsource and grow.

    I belive that e-commerce and media buying is the future in internet marketing.

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