ย #entrepreneur #success #growthhacking #sideproject #marketing
Hey everyone! ๐ I recently hit a major milestone by crossing $10,000 per month in earnings at just 26 years old. ๐ But now I’m wondering, what’s next?
Here’s a bit about my background and current situation:
– I have over 8 years of experience in freelancing and working for various companies, specializing in growth hacking.
– I’m currently juggling my full-time job where I focus on organic marketing strategies, along with developing my own design tool project on the side.
– Despite my success, I find it challenging to balance my job and personal projects long-term.
So, I’m turning to you all for advice and inspiration:
– Have any of you faced a similar dilemma?
– What steps did you take after reaching a significant income milestone?
– How did you manage your time effectively while pursuing your passions?
One potential solution I’m considering is:
– Exploring automation tools or outsourcing tasks to free up more time for my side project.
– Setting clearer boundaries at work to prioritize my personal ventures.
– Seeking mentorship from those who have successfully navigated similar situations.
I’m eager to hear your thoughts and learn from your experiences. Let’s brainstorm together! ๐ก#tips #motivation #advice
Great job
Iโm not at a point where I can give advice but just here to congratulate you on your achievement๐
one great advice that i heart is to spend at least 3% on your education(more=better) if you earn 120k a year spent at least 3.600 on books, seminars and lectures, educate yourself and enjoy what you are doing๐๐ป
Start thinking about how much longer you want to keep doing this vs preparing to sell the company and exit.
If you want to sell, start training up a replacement, open bank accounts, get all your ducks in a row, etc so when a buyer comes along you can pull the trigger. Then start talking with a business broker.
If you’d like to keep things the way they are and earn an income off of it: prepare for it to become a “lifestyle business” and settle in for the long haul, just drawing $100-$200k year in perpetuity (assuming the business does not go under). Automate as many processes as possible, build a staff that can maintain and grow the business without you, etc.
In your situation at some point you have to “leap” and make this your full time gig, and see how it’s going to progres when you throw all your time at it.
They aren’t mutually exclusive paths but the order in which you do things will depend on your long term goals. Hope everything works out for you!
anymore details about what your side project actually does?
Thatโs my goal bro with my ecommerce business.
Congratulations ๐ฅ
Is your project is text to image generator?
Next step is to realise 100k a year is really not a large amount of money, and now strive for 20-30k a month.
Keep moving up and moving forward. Great job.
Am in awe of what your doing bro…but i just have a little question i have a smartphone and i would like to perform wat ur doing on my own…any advice or directions if u wont mind?
This post reads like a Chat GPT effort at marketing your website.
sell a book about how great you are
The very first thing youโll want to do is determine if that 10k is revenue or profit. If itโs revenue, then remember the adage โitโs not how much you make, but how much you keep.โ
Op will you coach 1-1 someone like me in person
Next goal: build passive income and go on permanent vacation
Congrats! In your shoes I’d keep working and do the service as a side thing.
When you wake up write down a small thing you have to do and do it after work. Do that every day, it might seem like you’re slacking, but your efforts will pay out. Thats what I am doing, for context I’ve been developing IG pages and a newsletter[(link)](https://moneymojo.beehiiv.com/subscribe) as my side thing and hopefully will soon reach a point where it could replace my job.
But in all honesty there is luck involved and I would not risk my stable income for it, this is the best approach imo.
Anything in the โAIโ world is very volatile and potentially temporary. Save what you made and think of other ventures to go into. Worst thing you can do is adjust your life to โthe new found richesโ and when the market turns be left with nothing and life costs.