November 5, 2009, 5:00 am

My Wife’s Look At My Company

by: The Financial Blogger    Category: Alternative Income,Business,Career
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3 years ago, when I told my wife I was starting a personal financial blog, she didn’t have much of a reaction. In fact, since I always have 2-3 projects on the go, she wasn’t surprised. I was (and still) write my posts in the bus so she barely noticed that I had a new project.

During the first 6 months, not much happened at The Financial Blogger. In fact, I wasn’t getting more than 100 visits per month. So, my wife started wondering why I kept writing with “virtually” no purpose.

However, during the summer of 2007, the blog started to pick up and I was getting more and more visits each month. After a while, my friend and I decided to team our efforts and our sites and start a Web Company in March 2008.

At that point, I was starting to spend more time but the results weren’t there. The first month our company was created, we made about $500. So $250 each for all those articles written, all this time spent on the computer. Let’s just say that my wife wasn’t super impressed. On top of that, I was also doing my MBA at the same time. So she wasn’t too happy that I was spending additional time on another project.

For a while, we were not making much (below $1,000 per month) considering our efforts. So my wife started to get annoyed since I was talking about my company almost daily. In fact, there was not much to say about it because it was still a small sideline at that time. However, I was passionate about it and I was able to see the huge potential beyond those few hundred bucks we were making back then.

When we had our first annual meeting over Christmas 2008, she started to think it was nice to go out once a year and we were not really paying for our trip. The massage was much more relaxing and the food just tasted better since it was “free”.

Then, at the beginning of 2009, I started to receive cheques. It wasn’t “virtual” wire transfers from an unknown account. She was surprised to see my first cheque coming in the mail and especially so when she noticed it wasn’t a cheque for $35… but more like a cheque for hundreds of dollars. She smiled but still was thinking I was putting too much effort for such limited results.

However, month after month, I was receiving more cheques, and receiving more money through wire transfers. She started to get curious about it and was more interested to hear me talk about what we had done and what is on the horizon.

This summer was a major turning point for many reasons. My wife quit her job back in May, we made a major site purchase in July and I had started a four day work schedule back in September. It has been 2 months that I have concentrated a full day per week on my sites on top of my “regular” hours and we are now seeing that it is starting to pay off.

My wife is now all excited when she goes to the mailbox and gets the cheques for our company. And she is even more excited when she realizes that I am slowly making enough money to compensate for her salary loss. This means that she can continue to go to school and take care of our children.

During the past 3 years, I have really appreciated my wife’s scepticism about the project. It was an additional motivator to prove to her that I was able to succeed and actually earn a decent income through my laptop.

So if your spouse wants to start something, I don’t think you have to support him/her with all your might, but you should definitely let him go and challenge him to see how far he is willing to go with his new adventure. Without the support/challenge from my wife, I don’t think I would have been able to achieve what I have done so far.

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Comments

Congrats on your successes TFB! Putting time into something you believe in is important, but its nice to see some gains (financial or not) from those efforts.

I’ve also found it important to include my fiancee in my business for ideas, how I conduct the business and which clients she feels make best use of my limited time.

Keep up the great work and hopefully at Christmas you can enjoy even more food! (lol)

i started my finance blog a few months ago and no one seems to excited about it. the only thing that they notice is that i spend an inordinate amount of time working on it. i haven’t yet got anything from it but i soon will

by: The Financial Blogger | November 5th, 2009 (5:26 pm)

Kenyantykoon,
don’t worry, when I started mine, most people (including several bloggers) told me that I would be lucky to make $100 per month one day…. oh well. all I can say is that there are always people to tell you that it won’t work and only a few of them will be there to celebrate and congratulate you 😉

Awesome thread; I can definitely relate to it and I can certainly understand where kenyantykoon is coming from.
Cheers

In the very beginning of any project, it’s always like this with anyone, especially those close to you. I have a number of web projects that are quite small in terms of earning power and traffic generation, but it takes time to build such web projects into fully producing/earning “powerhouses.”

Sounds good – I’m glad you are having a lot of success.

When you mention, ‘earning powerhouses’, I was kinda under the impression that most bloggers, especially in the PF world, make only 150 bones a month at this stuff if they’re lucky and only after once things are built up and running well with a solid readership. Based on what you’re saying, it seems like this is not the case, and the potential’s more than that. Is that accurate?

by: The Financial Blogger | November 8th, 2009 (9:29 am)

The Rat,

This is what I have been told when I started blogging as well. In fact, it’s like most industry, the majority of bloggers don’t make much with their sites. However, there are a few of them that are able to generate a nice income.

I would not be able to live from my blogs right now, but I know a few bloggers that can. sky is the limit… regardless your project ;-D

Congrats on your success and I can definitely relate to your situation. Keep up the good work!

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