MSNBC.com ran an article by Vanessa Richardson today. She looked at the blog-about-money phenomenon and focuses on a fiew blog-friends of mine, AllFinancialMatters, Budgeting Babe, Boston Gal’s Open Wallet, and Make Love, Not Debt.
There are a few interesting quotes as well as tips for those wishing to join the personal finance hemisphere of the blogosphere.
* Get advice from the pros. Budgeting Babe provided this tip. Entering an established community and ignoring the rest of the community is not a good idea. It amazes me when bloggers entering the community recently have admitted they had no idea there were other personal finance bloggers before they started their blog.
* Remember that itÃ¢â‚¬â„¢s not about the money. Don’t expect to start making tons of money by writing a personal finance blog. As the community grows, income sources become more scarce and spread thin.
* Offer something new. Have you own voice and try to do something that isn’t out there already. Remember that not everyone is going to love everything you write.
* Consider how much information you want to share. Anonymity gives you flexibility in this case. While a few of my readers know my real identity, those who know me in real life aren’t going to find this blog too easily. I feel comfortable writing about my income and net worth, knowing that potential or current employers won’t find this site.
* Persevere. Just like running the country, creating a successful blog is hard work.
Great tips from everyone and publicity is beneficial for the bloggers who were mentioned. By the way, pfblogs.org was also cited as a good resource for finding interesting personal finance blogs.
Updated February 6, 2012 and originally published June 15, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.