Not every aspect of my media empire — as I half-jokingly like to call it — is working to perfection and making money. So, I’m taking a step and dropping a side gig by selling one of my websites.
The site — FamousParenting.com — was outside of my personal finance niche but was in an area I’m passionate about. The site wasn’t making nearly as much money as I thought it would a year ago when I bought it, though reader engagement was high and I put up posts every weekday in an effort to improve it.
I recently sold the site for about a third less than I paid for it, proving that my efforts didn’t work in the year I owned it. I look at it as a lesson learned in working for myself as a freelancer that not every financial move I make is going to work out.
Why I’m dropping a side gig
Dropping a side gig wasn’t my first thought when FamousParenting didn’t work out, but my options were to either increase the amount of work I put into the site or to sell it. I didn’t want to continue doing the same thing with it, which was to spend a few hours a week reading parenting blogs and posting the best of them daily.
As a father, I’m interested in writing about parenting and thought FamousParenting would be a good site to own because its daily goal was to highlight the best parenting blogs. Continue reading