EP112: He Sold His “Hobby Blog” for $3 Million - with Jim Wang
Money Peach
English - September 20, 2018 05:00 - 36 minutes - 25.8 MB - ★★★★★ - 150 ratingsEducation Business Investing budget debtpayoff entrepreneur financialfreedom investing money moneypeach peach savings Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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