Case Study: How Ann quit her job to do what she loves

March 15th, 2013 - 13 Comments

The number one reason my readers want to earn more money is to have the option of quitting their job.

The key word there is OPTION.

It’s not that we all want to quit tomorrow. It’s that if we eventually decide we want to leave…we can, knowing we have the financial security and options to not have to depend on a paycheck.

So today, I’m thrilled to share the story of one of my Earn1K students, Ann, who did just that. I’ll show you how she charges $140/hour, and how she earned $40,000 using a strategy I taught her in Earn1K.

And I’ll show you how you can do it, too — and eventually quit your job if you want to.

How Ann got “unstuck” from the corporate world.

Since age 16, Ann knew she wanted to be an entrepreneur. “It’s a combination of really wanting to be totally independent and have opportunities with no roof.”

Ann’s career, however, was going down a much different path. After graduating from a User Interface Design program in Barcelona, she worked as a project manager for a few big multinationals. “It was really limiting. I had a job description I was supposed to stick to and achieve my goals.”

Ann stuck to her job description by day. But on nights and weekends, she started building businesses to help achieve her dream.

  • A catering company in Barcelona doing Scandinavian tapas.
  • Selling T-shirts online.
  • Teaching people how to make sushi and importing Japanese tableware.

“But my side businesses never took off. They weren’t sustainable.”

She was willing to work hard, but Ann needed a systematic way to grow her business. Now 31, she signed up for Earn1K.

“I hesitated a little bit because of the price, but I still knew it was a good investment. Ramit gives away a lot for free and I had already taken part in that content. So, I knew it would be really practical to implement. And I had previously signed up for Ramit’s Find Your First Profitable Idea course. It was really impressive, a real eye opener. I learned that it’s easier to start a service business rather than invent a product or innovation.”

Ann became a web & graphic designer for expat entrepreneurs and tech startups in Switzerland, landing her first $3,500 contract in week one.

“I’ve had 35 clients this year…”

In her previous businesses, Ann would start with a lot of energy. Getting excited about the branding, designing a logo and making business cards. She’d land clients… but lose momentum, and eventually shut the business down.

Then, she found in Earn1K a systematic method of building her business — my referral technique and scripts — that allowed her to sustain the momentum.

“I ask for referrals, and I reward people that refer me by sending them a $25 Amazon gift card.”

Ann’s implementation of referrals is simple, elegant and works. “I send them an email, ‘here’s a copy/paste message, can you please send it to 3 friends?’” That’s it. The email takes less than 10-seconds to send. (Ann kindly shared the exact email script she sends to clients, available below as a free download.)

Between asking for referrals and delivering great service, Ann’s results are very good. “I’ve had 35 clients this year, and 80% comes from referrals – many without me even asking for them. The clients are really satisfied, so they are happy to pass along my contact information.”

In six months Ann has earned over $40,000, and 10% of her work is free to nonprofits. Three months after starting Earn1K she was finally been able to quit her corporate job and focus on what she loves. Ann is charging $140 an hour and in June earned $10,000 – double her old corporate salary with half the hours worked.

NOTE: It’s easy to say, “Well, I could never do that. I can’t even get ONE client, much less 35!” But scroll back up. Ann failed at idea after idea. The key was turning her hard work into a systematic process. Most people pursue business the wrong way, then give up, frustrated. Ann invested in herself to learn how to be systematic, and now she’s reaping the rewards.

“It feels great. Design is my passion, so it feels like I’m working at my hobby. I enjoy every second of analyzing my sales funnel. I love business development, so I’m really into it. Plus I have a lot of freedom to travel between Switzerland and my home in Sweden.”

Ann had one last piece of advice for would be entrepreneurs.

“Start freelancing. It’s a really great way to start a business. If you have a plan to build a big business, start with clients one-on-one, face to face. Maybe you can start to introduce products eventually, like Ramit’s information products or write a book. Services are good because you can earn money first, enjoy that, and have the challenge of building something bigger.”

Free Download of Ann’s Referral Script

Sign up for my free newsletter, and I’ll give you the exact email script Ann used to earn over $40,000 this year.

Yes, send me Ann’s $40,000 email script!

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13 Comments

 

Comments

  1. I’d be very curious to learn how you instruct your Earn1k students to assess their skill sets that could potentially be turned into successful freelance businesses. I know you spend a lot of time talking about getting in customers heads, which is one of the most important steps, but it’d be nice to work it from both ends (what i have to offer vs. what customers want). I think many people (including myself), have jobs where they’re paid a decent amount of money to do some kind of work, but somehow feel like they don’t have anything to offer. A sort of invisible script of “impostor syndrome” where a business is already paying you to do something they value in theory, but you have a mental block to believing those skills translate into a freelance business.

    Great case study Ramit.

    • This is an excellent question. I look at the typical types of freelance businesses that exist and I haven’t been able to figure out how my skill set works for those types. I’ve been trying to pin down the specifics of my skills to see how they would be useful in a different context, but I keep getting stuck.

    • That is a good question. We built a process to do exactly that in Earn1K.

  2. Maybe you do need a proofreader! ;-)
    It should be “script”, not “scrip”.
    And you call her Ann most of the time, and then she becomes Ana.

    Love your stuff stuff nevertheless!

    Orlando

  3. I love your stuff, Ramit. I have for years and I was so excited when I finally joined Earn 1k, but things haven’t gone as planned. I haven’t hit my goals and I’m feeling like it’s not because I don’t have a system (because now I do). I’m feeling like it’s because I’m just not good enough. I don’t like that feeling. I’ve never accepted it before, but I’m about to give up on the dream of having my own business. I’ve been killing myself for years. SO, what do you recommend when you’re struggling and questioning if you even have what it takes to do this? Where you do turn for more training to make sure you’re really good at what you offer to people?

    • Elisa, thanks for your question. I would recommend two things:

      1. Go through the Earn1K material and follow the action steps. They are there for a reason, and they work (we tested them extensively with thousands and thousands of people).

      2. Break down the mental barriers you’re feeling. When you say you’re “struggling” and “questioning if you even have what it takes,” those are very real feelings — but vague. What exactly is holding you back? Write them down. Break them down. Analyze if they are real barriers or simply perceived ones from a long time ago. We cover this in the E1K program, so again, I encourage you to start from the beginning without skipping any action steps.

  4. love this story. assessment of transferable skills is key and often underrated and not even thought about. people dramatically switch industries all the time and do very well because of these x skills.

    many of my students who have gone on to become CPAs all started in accounting industries, but many are in various careers today doing just as well if not better. they are happier and more fulfilled, and so are those who have remained in accounting.

    the key is what Ann did in this story. pursue something where you can succeed personally (contentment) and professionally.

    • I think the skill assessment is difficult for many people. While you could probably go through the list of things you do at work, a large part of the value you contribute to a company is “being around” to do various types of work. So once you take away the “being around” factor, what valuable skills are left that are transferable to freelance businesses?

  5. Please Send the script (I can’t optin on iPhone)…

  6. This is very inspirational. It can’t be easy to make such a big leap into the unknown. I like my job, but it’s nice to have options no matter who you are and how much you enjoy what you do. Plus, you never know when that will change!

  7. Inspiring case study Ramit. Please keep them up. Looking forward to the email script. By the way what would you say would be the first baby step for an aspiring marketer to start learning writing copy?
    Thanks in advance.

  8. Excellent, I’ll keep my eyes open for when you open up Earn1K again.

  9. I’m an idiot. Read too fast to realize it was US only. Hereby amend my answer to San Diego. As if that was any more compelling.