Jim Wang Created A 3$ Million Website Because He Was Bored
“I was bored!” Jim Wang said when he was asked how he decided to start the personal finance blog Bargaineering.com, which he later sold for the sweet round amount of $3 000 000. This is the amazing story of the young entrepreneur who created a super successful financial blog out of thin air, because he didn’t have anything else to do…
Well, all this didn’t happen without efforts. Actually Jim had developed the site for more than 5 years before his investment of spare time payed off big time. When he was in college, he spent his spare time hanging around with his girl. After their graduation, they lived separately for a few years and this was how Wang’s period of boring evenings began. He had’t much things to do every evening after work, and this was how, in 2005, he decided to start a blog about personal finance. He bought a domain name and a hosting, installed WordPress and began tracking his 401 k online at first. Later he expanded the scope and added articles and tips on topics from optimizing you groceries bills to how pay off your mortgage without even noticing it. Over the years, his article base expanded (too many boring evenings), and the number of his visitors followed the trend.
Initially he hoped the site would pay for one vacation per years. This was his first big goal, but then, something happened. The site started bringing revenue home very soon after its launch. Initially it was not a bid deal, $1-2 from Adsense ads per day, but the income began growing and in a while the site started making some nice amounts of cash. So nice, that at some point of time Jim, who worked as a software developer, decided to quit his job and dedicate not only his evenings to the site. This was tough, but also the right decision. And money was not the only benefit from such a project. Wang began learning… Learning about SEO, affiliate marketing, online sales and promotion and many other interesting topics like these. This was how he managed to expand the income stream from the blog even more. And after 5 years of building the site, he found a buyer that paid $3 million for it. He cashed in his efforts, taking the tempting amount.