Buying, Selling, and Shutting Down
No, I am not giving up my business — instead, I am changing my business model to be much more tightly focused. Over the past year I have been taking on additional responsibilities without being compensated adequately for my work. This can only go on for so long before the poorhouse becomes my next destination. Therefore, it was time for a critical self evaluation of my work and an update of my business model. Some of my recently implemented changes include:
Selling Off Assets
I sold two of my sites, the Corporate Flight Attendant Community and Credit Card Venue recently to two different buyers. The first site was my oldest one, an authority site for business flight attendants while the second site is a credit card/personal finance resource center.
Closing Down Blogs
I shut the lights on my four Blogspot blogs to narrow my focus to blogging here as well as blogging on The Auto Writer. They haven’t been deleted as there is some good stuff contained in each one. Maintaining each one was the biggest drag on my time and the main reason why they had to go.
Developing New Sites
DebtQuit is my newest venture, a small site that will be focused on debt solutions. I plan on keeping it as part of my portfolio while developing similar sites for sale. I am also keeping my eyes open to find sites that need to be rescued, refurbished, and flipped.
Reduced Writing Time For Customers
I am keeping my writing projects to a minimum, being very selective which customers I take on. If there isn’t a fit, I won’t take the job. I will no longer be bogged down my projects that ultimately subtract from my business model.
This Too Shall Change
I am a firm believer in putting everything on the table — this site and JetEmployment will remain with me, but then again if something new comes up that interests me, then even those sites are fair game.
In all, I am not about to let the grass grow under my feet, so additional changes are not only possible but likely.
12 Responses to “Buying, Selling, and Shutting Down”
12 Responses to “Buying, Selling, and Shutting Downâ€
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its the best thing to narrow your concentration on the things that work best good practice
Well, I hope you stick with this blog for a while – I have only just discovered it! It’s interesting to read about your rationale for change, though.
You got that right, Shaz!
John: I plan on keeping this blog going — it is my online voice to the world; without it I would be silenced. I can’t let that happen!
I agree with Shaz on this one, Matt. It is best to narrow your focus to what works for you and practice attention management. This should be a lesson for everyone — sometimes less is more.
It’s odd how so many people are taking the time to pair down their virtual assets this year — you are, I believe, the fifth person I’ve come across (not including myself) who is doing the exact same thing. I guess it’s just that time of year or something.
I do hope that you plan to monetize the blogs that you’ve mothballed — also make sure that the comments are disabled so you don’t need to worry about moderating comments/deleting spam and such.
~ Teli
Thanks Teli for your comments. Yes, I am paring down my assets and refocusing on a few key areas. Spreading oneself thin means lowered productivity and less money!
BTW, I did pull JetEmployment off the auction block today — the response isn’t near what I had hoped it would be, so I’ll keep going for now.