I sold my Bloggst
I do feel like somewhat of a sellout writing this post, but the title doesn’t lie. Bloggst has indeed been sold. When I started the auction I really didn’t expect the kind of attention the auction got, and I certainly didn’t expect it to receive four BIN within the first 24 hours. To be honest, I really didn’t expect to sell the site at all, seeing how I wouldn’t have sold for anything significantly lower than the BIN price, but my expectations were most certainly proved wrong in this case.
So why did I end up with the decision to sell the site that I’ve been working so hard with for the past few months? My reasoning was relatively simple actually. From a business-perspective it was probably a bad decision. The new owner seems like a dedicated and knowledgeable guy, and I am absolutely certain that if he puts the right amount of effort into the site, it will be worth at least twice of what he bought it for within three months.
I am sure you must be asking yourself why I didn’t just keep it for a couple of months then, and then sell it for twice as much. The answer to that is coincidentally also the reason why I ultimately decided to sell the site now. As most of you have probably noticed, since my exams race started, I have hardly had any time to work on the site. Even when my exams ended, I’ve still been too busy because of my “real” jobs (right now I have two of them). This is because I want to improve my financial situation, and by working hard in jobs that guarantee me the return, I can do just that this summer. Now couple that with the fact that when working this much, I won’t have much time to work on the site, which would ultimately have led to a decline in the activity there, which would only decrease the value of the site this summer. The final ingredient in the mix was that even though it might not seem like the world, the money I got from Bloggst goes a long way in stabilizing my finances. I’m just a poor student after all!
During my time working with Bloggst, I also had an epiphany of sorts, or a moment of self discovery if you will. I discovered that as much as I like to work with websites, the constant maintenance most websites demand is extremely tedious for me, and it drains a lot of motivation from me. What is it that I enjoy then? Writing. I love to write, and my writing was also the main reason why Bloggst attracted a decent amount of exposure in such a short timeframe. So I have decided that from now on, I will be focusing my online ventures towards the area that I take most pleasure from. Most likely I will start a new blog sometime soon. I will use the summer to brainstorm for ideas and make sure that I pick the right niche, and then I hope to have everything ready by the time school starts up again.
I’m really looking forward to having a place where my writing is the main focus, and not every cool feature that I’m able to implement. This also means that I’ll be putting more effort into this blog as well (how many times have I said that by now?). It’s a nice place for me to relax and be more personal about what I write. I think many will be pleased to hear that I’ll be covering some of the same subjects that I’ve covered so far over at Bloggst. I’ve been thinking hard to try and define a niche for this blog, and I’ve landed on two things that will get the bulk of my attention here. Promotion and branding (online and offline), as this is something I enjoy very much (I study it). The other topic is “Web 2.0″ - Yeah, I know, done to death. I will however be focusing mostly on the social aspect of it, and try to tie it in with promotion and branding.
That said, I’m not afraid to venture outside of these topics and touch in on other things here on my blog however. It is after all just that, my blog, and if something catches my immediate attention I won’t be afraid to write about it. Hopefully there are a few souls out there who’ll still be interested in reading and participating!
I will be writing at least three posts every week here, and if you don’t believe me, just subscribe to my feed, and I’ll prove you wrong ;) The next post might come as soon as later tonight, where I will be telling you how I managed to create a site that was worth $3,000 in less than three months. Seeing how most of the people reading this blog are aspiring entrepreneurs and website enthusiasts myself, I think it should interest most of you!