EP112: He Sold His “Hobby Blog” for $3 Million - with Jim Wang
In the blogging world, Jim Wang is one of the early pioneers turned blogging legend.
As a software engineer in 2005, Jim started blogging about how he set up his monthly budget, how he opened a retirement account, where he shopped for deals, and how he managed his everyday money.
It was his hobby.
Something he did on nights and weekends as a way for him to document everything he was doing financially while fulfilling a need for a hobby. His blog never made any money in the beginning because he was never trying to make money.
He just liked blogging.
However, over a few years of consistent posts on his blog, readers started catching on and over time his site began to grow.
And grow...and grow.
Then just five years later, a company offered Jim Wang $3 Million to buy his little “hobby blog” from him.
I of course needed to how this all happened, which is why I asked Jim to come on the show.
In this episode, Jim and I talk about…
• Getting started
• Going from hobby to business
• Why relationships are still important (even online)
• Consistent effort over time and how it related to Jim
• Restarting - Jim eventually started a second blog from the ground up
• On storytelling - facts tell and stories sell
• And more...
All the show notes, links and anything Jim and I mentioned can be found at https://www.moneypeach.com/session112
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