I’m excited to share Kayla’s story with you today! She’s a full-time online entrepreneur who took a leap of faith to quit her day job and started making money online (I think that’s becoming a theme here).
She’s now hit $10,000 in revenue per month. Go Kayla!
I do want to emphasize that it’s Kayla’s story and not mine!
A few folks lately have confused my Feature Friday guest posts with my own story.
I don’t want to take credit for other people’s amazing accomplishments!
If you want to learn more about me, Millennial Boss, go here to my about page.
Do you have a student loan payoff story or start your own business story that you want to share on Feature Friday?
Learn how to get featured on Millennial Boss here: Get Your Story Featured on Millennial Boss
1. What is your business?
I’m a freelance writer and virtual assistant. I earn around $10k/month. My website is kaylasloan.com.
2. What did you do before you started your own business?
I worked as a credit analyst at an agricultural lending bank. Ironically, my own finances were a disaster during this time.
3. Who were some influencers in your decision to be an entrepreneur?
Catherine Alford, Carrie Smith
4. How did you prepare to take the leap both financially and in your business? Please reference what you saved, if you learned new skills, if you moved, etc.
I started my business on the side and I finally decided to take the leap into full-time self employment after I had fully replaced my day job’s income. At that point, I had to decide if I wanted to give up my business or my job because I was working so much I was getting burnt out and neither one was getting the best me. I knew I could earn more with my business if I could get those 40 hours/week back by quitting my job.
5. If you quit your job, were you already making money on the side before you decided to quit your job?
I didn’t save up much money in the way of an emergency fund before I quit because I was (and still am) paying off debt. I had a small emergency fund, about $1500, and some business savings, about $5,000, when I quit my job. But I had steady clients who paid every 2 weeks (just like a regular job) and a drive to succeed.
6. Who else works on your business with you? Did you hire anyone to help? When did you decide to bring that person on and how did you find them?
My brother is my almost full-time contract assistant. I also have another assistant and a couple of writers that help with research, outlining, and some writing. I hired my first writer 3 months after I quit my job. I hired my brother about a month after that. Then 2 months later I hired my other 2 writers. 6 months later, I hired my 2nd assistant.
It expanded very quickly and there were some growing pains, but it’s better now. I found my writers via friends and referrals on Facebook. My brother I obviously already knew. My second assistant, Kim, reached out to me as she was a reader of my blog.
7. Can you share any financial details about your business?
As I said, I earn about $10k/month. I share my income and expenses every month in an online income report: http://kaylasloan.com/online-income-reports/
How I Made Nearly $3,000 in May of this Year
The Steps I took to Earn $12k in Passive Income This Year
8. What was your worst day so far as an entrepreneur and what was your best day? What happened on those days?
My worst days were right after I quit my job. I was so excited but also so scared. I cried everyday for the first week after I quit my job. My best days are when I get feedback from readers saying how I’ve helped them.
9. What is one small “trick” or piece of advice that you have learned about reaching customers or making sales? Please be specific and provide something actionable for us.
Honestly, I’m still figuring this out myself. I don’t sell products (yet) and most of my service-based business clients have come to me via referrals. I hardly ever have to seek out new clients myself.
10. Give us two truths and a lie about yourself so we can get to know you better personally!
I am an ESTJ through and through. My favorite color is green. I drink a gallon of water every day.
Thanks to Kayla for sharing her story with us!
Do you have a student loan payoff story or start your own business story that you want to share on Feature Friday? Learn how to get featured on Millennial Boss here:
Get Your Story Featured on Millennial Boss
Do you have your own online business? What is it?
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Lance @ My Strategic Dollar says
So impressive! Love that you were willing to take the leap and jump right into full-time self-employment. Congrats on all your success and keep it up!
My wife could use a virtual assistant for her chiro business. I need to check into the option. It makes no sense to spend as much time as she does on back office tasks when she could be seeing patients.
Great success story here. Thanks for sharing, Kayla!
Kristin @ The Wayward Home says
So interesting and inspiring! I hope to one day be where she is through freelance writing and blogging so I can sail around the world on my boat. It’s good to see success stories like this one!