Six Lessons Learned from my First Money-making Venture

If six lessons learned from is on your radar, this short guide cuts through the noise. Here is what is worth knowing, and how to put it to work today.

Key Takeaways

• (adsbygoogle = window.adsbygoogle || []).push({}); Blogging is sometimes boring, when you have 4 projects to handle at work, one dance and a...
• Finding time to write for others becomes second priority.
• In order to induce some fun in to blogging, bloggers come up with fun ideas.

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Blogging is sometimes boring, when you have 4 projects to handle at work, one dance and a drama rehearsal to attend to every week, coupled with car breakdown, leaking roof, non working AC. Finding time to write for others becomes second priority. In order to induce some fun in to blogging, bloggers come up with fun ideas. One of which is ‘Blog Swap’. Where two bloggers swap their posts on same topic, on same day.

As part of our latest blog swap, I got a chance to swap blog post with a veteran blogger John Wedding, who blogs at Mighty Bargain Hunter and loves helping people to recognize life’s good deals. My guest post on this same topic is up at his blog so, please check it out! Today’s swap topic is “lessons from extra money making ventures“. Enjoy the post!

If you’re a regular reader of One Cent At A Time, you have a desire to get ahead. From SB’s about page it’s clear that this blog is his money-making venture.

I’ve kicked around a few gigs here and there , mainly musical and tutoring gigs , but the first venture that I really rolled up my sleeves on was my blog, Mighty Bargain Hunter. A friend showed me the wonders of rebate websites, and I saw how other websites were making names for themselves talking about deals. When I found out about WordPress, man , that was awesome! It was so simple to put up content on the web, I had to give it a shot.

I’ve been blogging there for over eight years now. While some people start a lot earlier than I did, I started when I was 33 years old. It’s been the primary money-making venture in my life since then.

The income has ebbed and flowed, but what hasn’t been lost is all of the lessons I’ve learned along the way. Here are a few that I hope will assist you in your own money-making ventures:

• Start younger. There may be nothing that you can do about this, of course, and later is better than never. If you try a money-making venture young, you have more opportunities to try and fail. Also, you can afford to risk more if you don’t have a family depending on you. (I started pretty old.)
• Investigate the venture before investing in it. Starting a blog incurs minimal expense, but other ventures might involve purchasing equipment. Make sure that you understand as much of what you’re getting into as you can, so that you aren’t surprised by unexpected expenses before you turn out your first product. (I’ve bought things that I really didn’t need.)
• Mind your business. No one else is going to mind it for you. Someone may be kind enough to tell you that your website is down, but it will be fixed more quickly if you are the one watching it. (Sometimes I’ve been caught unaware when things were going wrong with my blog.)
• Promote your business. There’s a lot to be said for being a nice guy and for being generous, but watch out for people who will take advantage of you. Your competitors may be pleasant enough, but they have their own empires to build, and may use your nice-guyness to their advantage and to your disadvantage. (I look out more for my own interests now.)
• Don’t get distracted. Stay the course. There are always bright shinys that try to command your attention. Doing a couple of things really well is probably more effective than trying to do a whole bunch of things at the same time. None really take off, then. (I’ve overloaded myself at times with projects, and it’s been to the detriment of my main blog.)
• Don’t slack off. Your venture requires your consistent effort. People will go elsewhere if they perceive that you’re not serious about what you’re doing. Someone else probably is. (This is probably the biggest lesson I’ve learned.)

Thanks for reading! What lessons have you learned from your money-making ventures?

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Final Thoughts

The bottom line: a little research on six lessons learned from goes a long way. Compare your options, watch for seasonal offers, and never pay full price when a better deal is one click away.

Originally published at onecentatatime.com.