Comments on: 8 Fails Over 8 Years of Blogging

By: J. Money

J. Money — Tue, 15 Mar 2016 11:36:15 +0000

Hahahhahahhaha… See – it was all worth it in the end! And I’ll only charge you 10% for reminding you of it ;)

Very fascinating stuff to read this morning for sure though – thx for sharing it with us man. I love all this hustling/entrepreneurship stuff, even if it drives us mad at times!

By: Dr. Beard

Dr. Beard — Wed, 09 Mar 2016 16:00:32 +0000

In reply to Dr. Beard. Holy crap! This little story reminded me that the book was probably still listed on the self-publishing site I used. I just logged in and I have $600 they've been trying to send me for years, and I hadn't updated contact info since two moves ago. People are still buying the book. Free money!

By: Dr. Beard

Dr. Beard — Wed, 09 Mar 2016 15:49:20 +0000

I totally identify with creating jobs for yourself. When I was in graduate school getting my PhD in Badass, I had a little side business selling a particular type of item on eBay. I was good at it, too. I could sell the same thing for more than my competitors because I had branding and great ad copy for the same Chinese made stuff. But man, this was a job. I had real work to do every single day, and as volume increased, so did the amount of work.

So … genius idea. Cut out the retail customer, and deal with fewer folks while increasing volume. I wrote a book on how to sell this item. I marketed that with this little one page website and sold it for some ridiculous amount of money. The book did go into detail on what I did, my ad copy, etc. but it was mainly one big ad for a dropshipping company I set-up. I was building an army to sell for me. Well … it worked. My volume went way up, but so did the amount of time I needed to spend each day. The work didn’t scale with client numbers. It scaled with volume. I created a job, and after running the numbers, I wasn’t really making that much per hour. And, I hated the work I had to do. Data entry, customer service, customer complaints, supplier problems. It sucked. I couldn’t outsource that stuff because then I wouldn’t make any money. Lesson learned. I had to shut it down so I would have time to graduate.

Moral: it’s actually really easy to make money online, but if you’re not careful, you’re just creating another job for yourself.

By: J. Money

J. Money — Mon, 29 Feb 2016 21:26:27 +0000

In reply to nicoleandmaggie. 84k?? Holy crap - you're killing it! Congrats!

By: J. Money

J. Money — Mon, 29 Feb 2016 21:25:47 +0000

In reply to maria@moneyprinciple. Tricky! I think it's one of those things that you slowly figure out over time :) Though, If I had more money saved up it would certainly nix a handful of those right off the bat, haha...

By: J. Money

J. Money — Mon, 29 Feb 2016 21:23:14 +0000

In reply to Brittney @ Life On A Discount.

Welcome to the club! But you’ve GOT THIS! And soon you’ll be thinking the same about the next promotion up too, and the following and the following :) But I guess if everyone feels the same then we’re all good? Haha… that’s what I always tell myself now.

By: J. Money

J. Money — Mon, 29 Feb 2016 21:17:06 +0000

In reply to superbien. So kind of you to say - thank you :)

By: J. Money

J. Money — Mon, 29 Feb 2016 21:16:01 +0000

In reply to Lady FruFru. Thanks FruFru :)

By: nicoleandmaggie

nicoleandmaggie — Wed, 24 Feb 2016 21:53:43 +0000

I think we’re down about 20K from this summer in terms of our savings. But that’s ok– I saved 84K extra for the year and we’re actually doing a bit better than where I thought we would be at this point.

By: maria@moneyprinciple

maria@moneyprinciple — Mon, 22 Feb 2016 15:25:21 +0000

$J, reading this I do share most of your failings – it is an almost complete ‘snap’ kind of situation. So, I though you could help me out here and tell me which ones do you think are the key ones; the ones that can transform everything if you rememdy.