Skip to main content

Hard work works

I’ve been away from the project for a couple of weeks now, trying to get other projects that aren’t purely self-interested, up-and-running.

The Three Fivers idea hasn’t progressed because of that, other than researching, which is essential - but ultimately no substitute for making money. Hard work works, as they say, and I’ve done none.

The obvious answer is to monetise the blog - if you’re reading this I’m halfway there. There are (research tells me) six ways of making money from a blog:
1. Advertising 
2. Affiliate marketing 
3. Selling your own products
4. Selling services 
5. Sponsored content
6. Donations

To give you the short story:
1. Maybe, but won’t make me rich
2. Not really my thing, but if there was no other way, I’d consider it
3. I don’t have anything to sell
4. I don’t have any services to sell either
5. Sponsored content - just makes me think of the cheesy tv host from the Simpsons
6. No.

Especially not donations - what would we learn from that?

Before Three Fivers even started I accepted that the three businesses would fail, but that in failing, there would be something to be taken from it - a lesson of what not to do next time.

So now to look into banner ads. I’m not hopeful.

Comments

Popular posts from this blog

Beginner’s luck

 Three Fivers is predicated upon being able to start a ‘business’ that makes money from just five pounds of investment. Today I could close it down as successful. In my first ever venture into share dealing, I bought £5 worth of Harland and Wolff shares at 4:05pm. At 4:38pm, I offloaded them for a 13p (2.6%) profit. Not enough to pay the mortgage, nor even to qualify as a side hustle, but profit nonetheless. 13p doesn’t buy much these days - not even a Freddo - but, 2.6% profit compounded does add up; my love of a spreadsheet shows how profit becomes more interesting over five days below. Over 12 months (365 days, although you cannot trade for at least 104 of these days) that would turn my humble £5 into around £5300. Not bad. I’m not especially enamoured of share trading, but it can be quite interesting I think if I add in additional rules; devote a maximum of 5 minutes a day to it and invest the whole of the capital at once - no portfolio. Whether this will survive even the next ...

Failure is not the same as a business failing

Already, I have failed. It's not terminal to the project, maybe not even to the strand of the project, but it's failure nonetheless. Despite literally *minutes* of trying, I've been unable to link Google's AdSense to this blog to (hopefully) monetise the blog. (If anyone can explain to me how I get round a circular set of "Press this to verify > You need to do this in blogger.com > Go to Google AdSense > Press this to verify", I'm all ears.) Now, I'm pretty unmoved by this - I've lost nothing and I'd be writing these anyway. Everyday I hear of more and more businesses that are laying people off, closing UK operations or just plain going under. That's heartbreaking, because they're not just venturing a fiver and writing stuff in lunchbreaks. Fortunately, I still have a nominal five quid left - having used no resource other than my time - to invest into another venture. Comments are open and I'm open to ideas, before I start ...

Why the delay?

 It's not going well. My vow to blog weekly has fallen by the wayside, and a blog a month must have tripped over it. However, to try to take any positives from it, I'm learning. Content planning is key. Plan it and you'll have it, or at least have the time allocated to make it. But, the whole blogging situation has made me realise one thing; I am the inverse of someone on the breadline/on Universal Credit. So ungenerous is our Social Security - it's not 'benefits', they are a right, not a gift - that people in receipt of it spend much of their lives, and probably all of their energy surviving. They've no time to enrich themselves, to 'invest in themselves'. I am the complete opposite - in trying to see whether it is possible to take virtually nothing - £5 these days barely covering a loaf of bread and some spreadable butter -  and spin it into a business, I'm consumed by well-paid work which keeps me from experiencing the desperation to make mone...