Updated: May 20, 2009
Last May 11, this blog was featured in Manila Bulletin’s Blog-O-Rama.
Blog-O-Rama is a regular section in the newspaper which features bloggers in the Philippines.
So if you’re interested in learning more about blogging, then I suggest you read this column often.
Anyway, for those who missed the article, here’s some of the questions that was asked to me during the interview for the article.
1. Please tell us more about yourself and what inspired you to come up with a blog like “Ready To Be Rich.”
My name is Fitz Villafuerte. I’m a civil engineer and a system analyst who decided to quit the corporate world six years ago to pursue my entrepreneurial spirit. Back then, I had a good paying job and was able to buy the things I needed. But deep inside me, I’ve always felt that I wanted more in life. And so my journey towards financial freedom began and I’ve been on it ever since.
My blog, Ready To Be Rich is a product of this journey. I started this online journal so I can pay it forward and help people, specially my fellow Pinoys, to jumpstart their pursuit towards becoming rich. I remember that the best lessons about money and wealth I learned from reading and listening to other people’s success stories and that’s what I try to do in my blog. I hope that by sharing my stories and my thoughts, I’d be able to inspire other people to act and do more for their finances.
2. Please share some precious lessons you learned in blogging.
The most important lesson I’ve learned in blogging is commitment and responsibility. Since I often talk about about mindsetting, frugality, productivity and financial strategies in my blog – I learned that I will not be able to inspire people if I don’t practice what I write. I’ve learned to commit to my advocacy and do my best to become a better person.
Many people think that I’m already rich because I’m writing this blog. Fact is, I’m still far from financial freedom. But writing this blog has immensely helped me in my journey. Every post I write never fails to teach me something new about business, investing and personal finance. Some of my regular readers have also greatly contributed to my own financial literacy and I really appreciate them for sharing their own thoughts and success stories.
My blog has become an avenue for people, including myself, to learn. And these financial and life lessons are the ones that I value the most.
3. The common question among people’s minds is “Can one earn money from blogging?” If yes, what are the facts and myths?
The answer is yes – one can really earn from blogging. The money will mostly come from advertisers but I’ve learned that blogging can also bring a lot of “offline” income opportunities such as freelance projects and consultancy jobs.
Myth: You need to be a good writer to earn from blogging.
Fact: As long as your writing can be understood, then you’re okay. Blogging only requires you to have that passion to share stories, thoughts and ideas to others.
Myth: Blogging is an easy get-rich-quick scheme.
Fact: It takes patience, committment and persistence if you want to earn from blogging.
Myth: As long as I write good articles in my blog regularly, then readers and money will naturally come.
Fact: Content may be king but Marketing is queen. Blogging is more than just about writing, it’s also about promoting your blog both online and offline.
These are just three myths and facts. There’s actually a lot more but I think these are the most important to know if one is seriously considering starting a blog.
4. How do you actually go about earning money from blogging?
There are many ways to earn from blogging. Aside from getting advertisers, you can also earn from affiliate marketing, sponsored reviews, product sales and even buying and selling blogs.
As for me, I’m currently concentrated with advertising – both direct and contextual. Most of my blog sponsors come from online advertising companies such as Google Adsense and Nuffnang Philippines, to name a few. They are the ones responsible for getting advertisers in my blog.
In a newspaper, one of the reasons why advertisers will place ads is if you have a good reach of their target market. So in the case of my blog, I always make sure that I regularly provide good content and continually grow its readership. This is why building traffic is always a priority for me. That way, the online advertising companies who I work with will have an easy time finding sponsors for me. So again in blogging, content may be king but marketing is queen.
5. A few good things that blogging has brought you…
Blogging has brought me a lot of good things but the best one would have to be friends. Because of blogging, my social network immensely increased. I’ve met a lot of interesting people and was able to expand my business network. But among them, the ones I’m most grateful for are those who have become really good friends.
6. In a nutshell, please share a few finance tips to our readers, especially in these times of recession.
First, track your expenses and spend less than what you earn. Second, find a way to earn more and have multiple streams of income. Third, always pay yourself first and build an emergency fund. Fourth, control and minimize bad debt. And lastly, read my blog, Ready To Be Rich. 😛
7. Please complete this statement: “If I had $100 today, I would….”
… deposit half to my savings account and use the other half to treat my friends to dinner. But hey, that’s me assuming that the money came from an unexpected windfall.
In any case, some of the other things I’d consider doing with that money would be to use it to pay for my bills, buy something which I can sell for profit, use it to enroll in a business or investing seminar or even buy some books on personal finance.
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