Quitting your day job is something you need to carefully consider.
Many people fall in love with the idea of being their own boss. When you log on the Internet you will come across business opportunities that are very tempting. Generally the sales page is written by a professional copywriter who can make it seem like anyone can get rich quickly, online.
In reality an online business is not that much different than an off-line business. There are many advantages to staying at home and working, but actually building any business requires many of the same strategies.
So when can you quit your day job?
1. How much money are you making with your business?
The potential of a online home business earning money is not the same as looking at your bank account and seeing real life results.
If you are going to quit your day job, and stay at home and work, you need to build a business to at least the level of income you currently have. If you cannot do this you will find that you eventually have to go back to work because you are not making enough money.
2. How much money do you have in savings? Only you know what your current financial situation is.
If you start a home business, and constantly have to tap your existing savings account, eventually you will run out of money. This can become a very stressful situation and really affect how you go about working your home business every day.
3. Do you have Internet marketing skills?
Once you get past the financial aspect of running a home business you have to get down to the marketing of it.
The Internet is very competitive. This is not going to change, because more people are coming online and setting up home businesses all the time.
The bottom line is you need website visitors every day if you expect to become successful online. Think of your Internet business as a retail store in a shopping centre.
If you do not have enough people coming to your store every day you are not going to sell anything. Eventually you will have to close your business because of this fact.
The good news is learning how to get traffic to a website is not something you have to go to a college for. Mastering a couple of meaningful traffic generation skills is something anyone can do if they are willing to work hard at it.
Once you learn how to do it you can apply it to virtually any type of online business you run. This is why you see so many Internet marketers branching into multiple niches with more than one website or blog.
When your home business reaches this level, your income will be increasing. At that point you can seriously consider quitting your day job and staying at home full time.
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