Comments on: Should I Blog Full-time?

By: RIsEoben

RIsEoben — Fri, 05 Dec 2008 05:19:29 +0000

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By: The Studenomist

The Studenomist — Sat, 08 Nov 2008 19:10:06 +0000

Being a university student who has invested in real estate and has a source of passive income, I feel it is important to generate as much income at this point as possible.

On top of studying full time, I also work full time in a position that is not in the field because I strongly believe in a diversified income.

By: Michael

Michael — Mon, 03 Nov 2008 18:31:05 +0000

Here’s my opinion for what it’s worth. In ordinary times I would say go ahead with the blogging option since you seem to have the motivation to succeed. Call me a pessimist though but I still think the economy has to further to drop before hitting a bottom that a recovery can be built on. If I’m right about that, you’d be better off getting a job now while things are only moderately bad, then further down the road when things are worse. This is the time when you want to be putting money in the bank so that you will be poised to act when the economy does recover. Long term I think blogging will be viable as a career option, but I would elect to do it in your spare time and make sure your #1 priority is a fairly reliable source of income and benefits. I think even though advertising will be reduced overall during the economy’s downturn, I believe the economic situation could precipitate a sharp move of advertising dollars to the web as a cost cutting move. This is good for long-term outlook of blogging in general, but in the short term my worry would be disruptions to your income stream caused by businesses cutting back sharply on all their expenses at once in a fear response to what they see happening in the markets. In this situation, you want to have money in the bank so that your decisions can be made not out of fear, but in accordance with your long term strategy.

By: Dividend Growth Investor

Dividend Growth Investor — Mon, 03 Nov 2008 14:57:26 +0000

If I were you I would go for the job first which would let you accumulate a higher nest egg and possibly give you a higher security in the short-term.
You could always build your business in the afternoons and weekends.

I also believe however that Matt was correct in the fact that during a recession advertising budgets are cut. So relying mainly on ad revenues during a downturn is not a good diversifier. You should also try to create another income stream from dividend income as well.

By: Squawkfox

Squawkfox — Mon, 03 Nov 2008 03:45:07 +0000

Found you via Tipd. I too like the hybrid approach. I never like the feeling of dipping into my savings…

By: Matt

Matt — Mon, 03 Nov 2008 01:58:02 +0000

Blogging is a great long term goal, and it will be possible to make decent income from it in the future. However I think your optimism in the short term is misplaced.

As George Soros put it, we are moving into a wealth destruction phase. I think it would be wise not to underestimate the potential seriousness of the crisis we are in, which was caused by people spending way beyond their means in many areas. As the economy contracts, so will advertising budgets, expenditures on webpages, and online purchases. Bloggers making money on advertising should expect to see a dramatic loss of revenue, and I suspect that there will be many who are not able to live on their incomes any longer.

Also, unfortunately, you should be realize that your financial cushion could disappear more quickly than you think in this environment.

You are young and have plenty of time to create the independence you want. In my opinion, this is a terrible time to turn down any reasonable job.

By: Andy

Andy — Sun, 02 Nov 2008 17:35:14 +0000

Go for it Kyle, provide some inspiration to the rest of us who want to follow the full time blogging path. Given the responses to your last 2 articles on this I am sure there will be a lot of interest in your journey.

By: jim

jim — Sun, 02 Nov 2008 13:33:13 +0000

I just popped in via Tipd too and I have to say, your hybrid approach is the best but I wouldn’t too picky about the next new job. It’s one thing to work on your passion because you love it, it’s another to work on it because you are forced to. Blogging isn’t a “spend X hours, get X results” type of business.

I had been blogging for over three years before I opted to voluntarily resign and work on it full time. I definitely still enjoy it, have no regrets, so I can say that you’re going in the right direction; just don’t try to rush it. You can still work 8 and then put in 2-3 hrs at night on it and still be successful by the time you’re 30.

By: Jeff Rose

Jeff Rose — Sun, 02 Nov 2008 05:16:42 +0000

Do what’s in your heart man. If you can make it blogging, then that’s the answer. If it’s a balance between the clock puncher job and blogging, make it work until blogging can become your full time passion. Blogging is definitely fun. Don’t if it will become my full time profession, but can see it being a second full-time job/hobby.

By: Oblivious Investor

Oblivious Investor — Sun, 02 Nov 2008 01:24:59 +0000

Just popped in via Tipd. I’m sorry to hear about your layoff.

It sounds like you’ve got a great plan though. Definitely a good opportunity to take advantage of your newly-available hours to build your business(es).

Best of luck!