frugal underground

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As I mentioned on my Ten Dollar Verdict post, I’m launching a new blog. I’ve decided to focus it on the generic topic of crafts, and since I’m a geek, here it is: Crafty Geek. It’s very much still in launch stage, as it only has one post, but that will be increasing shortly.

I was going to make it just be about knitting, but I realized that, given my gnat-like attention span, I’d be better off going with something that will be relevant when I hop to stenciling or beading or whatever random crafty thing will come next (actually, it will probably be crocheting). The individual posts will focus on specific projects, products, craft disciplines, etc., so the ads will still be targetted and relevant, and the back posts will come up in Google for specific searches.

With my first $30 in revenue specifically from Crafty Geek, I’m going to launch the review site I mentioned.

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You may remember that I wanted to participate in the Ten Dollar Challenge. I actually haven’t forgotten about it; I’ve been trying to come up with a brilliant idea. Of course, as Ramit points out eloquently, that’s not really a great plan. So I’ve decided to stop pondering and start acting.

Initially, I thought of doing a site I’ve had in mind for a while. It’s a review site of sorts, and I’m not going to go into too much detail since I’m still thinking to do it and you’ll be able to see it in action shortly. However, it isn’t well-suited by itself to the $10 project because it will cost me $10 to set the site up right (domain + hosting) which leaves me with $0 for buying the products to review (before people start sending them to me for free, you know, begging me to say nice things to my millions of readers…). So here’s the modified mediocre idea I’m going to work with.

I’ve recently started a new hobby (knitting) which is actually a fairly expensive hobby (of course I find ways to work around that). But the fact that there are many accessories and necessarily the need to frequently buy yarn makes it a great potential moneymaker for a blog (blogs that feature purchasable topics get ads that pay). The main thing is that it’s something I’m interested in and will enjoy writing, because without the writing, it’s dumb to even think of ads. So my $10 will go to set up that blog.

Phase 2 happens when I see ad revenue. With that ad revenue, I’ll set up the review site and fund the initial product purchases (well, at least that’s the idea). So I’ll let you know when I have the first site up and keep you updated on the progress. I’m curious about whether this is a viable plan. I guess we’ll see!

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