I asked for your questions on how to find an idea you love, get it started and scale it up into a full-blown 6-figure income – and the responses I’ve received have already been absolutely fascinating to read.
And interestingly, the same 5 questions or stumbling blocks came up again and again, with a slightly different slant for each person.
So I’m going to answer all 5 questions for you.
I’ll answer the first right now, the 2nd tomorrow and the rest of a free live online training with me on Wednesday night (more on that in a moment).
So here is the first of the big 5 stumbling blocks:
Yes that old chestnut.
Fear comes in many shapes and sizes but one of the most common fears people shared with me in the survey was the fear of losing the salary of your current job and, well, basically going broke…
Stephanie asked, “How do I overcome the fear of taking full responsibility for my career and income?”
Jess asked, “How can I overcome my fear of losing house and home?”
Andrew asked, “How to leave job security for entrepreneurial insecurity?”
Liz asked, “How can I ensure financial security?”
Mark asked, “How can I find the confidence to ‘screw work and play’ when I have wife, kids, mortgage and debt commitments?”
So here’s my answer: Don’t worry about how you’re going to quit your job right now. Put that to one side for the moment. Of course that might well be the ultimate aim (and it’s something that happens often with participants in my Screw Work Academy). But it’s too much pressure when you’re just getting started on something.
In fact don’t even think about starting a business at the moment.
All you need to do is start a project you love on the side. Then apply one of my 11 easy monetisation methods (I’ll share these in the Wednesday live training).
And let’s talk about security. Once you have something that’s making proper money, you are actually MORE secure than being in a job. When you create your own income, you have 10s, 100s, or 1000s of people giving you money (depending on the nature of your work).
When you’re in a job, there’s only one person paying your entire salary – your boss. Which one is more secure?
When you run your own thing, it would be very unlikely for 1000 people to fire you at the same time. And apart from being more secure, guess who has more power, choice and freedom – the person whose entire salary depends on the whims of a single boss or the person receiving money from many different sources?
Take it step by step
The process I teach is to start a project you love without quitting your job, apply your favourite one of my 11 easy monetisation methods, follow my 6-step process to spread the word and scale your income and then at some point when you are making enough, that is the time to consider leaving your job.
And if you don’t want to quit your job, don’t! You can keep it as a sideline and use the extra income for any purpose you like – invest it back into what you love doing, pay off your debt or mortgage, or take that special holiday or travel trip you’ve always wanted to do.
The choice is yours – if you want to take it all the way to a 6-figure income (and beyond) you can when you learn the right steps.
Join me on Wednesday night
In order to do justice to all the great questions I’ve received, I’m going to run a very special one-off live training on Wednesday night. It takes place online so you can join from wherever you are in the world.
I’m going to go through the top 5 obstacles to getting paid to do something you love including some juicy stuff like – how to find an original idea, how to know it’s going to work, how to know what to change, how to spread the word, and how to follow through and get results even if you have no self-discipline (like me!)
Register to join me on Wednesday – just click the button below.
PS. Watch out for my answer to the 2nd top obstacle tomorrow – featuring a video interview with someone I first coached a few years ago who has ended up creating a run-away blog that makes him a full-time living and gets 50,000 hits a day.