Friday Links

NOTE: So I thought I published this last week but apparently didn’t. Sorry it’s a little late.

My goal for this weekend is to move the posts from here to the Dizana site. If you are a subscriber to this blog, you will need to resubscribe once the move is complete. Thanks for following me around!

Here are a few articles of interest for your Friday:

Have a great weekend!

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Leap of Faith: A Progress Report

Image Spark

 

It’s been a little over two years since I learned that I was losing my full-time job and decided to take my leap of faith. These last couple of years have been a time of major change for me. I lost the job that I’d had for ten years; my parents moved out of and sold my childhood home; I was robbed twice, and I lost a nephew and my dad in a year’s time. There’s been some good too; I’ve slowly but surely been growing my Etsy business and gradually become comfortable with what it means to not have a conventional job. That in itself is a pretty big adjustment. It’s really hard to explain to others; having multiple sources of income and an irregular work schedule is not the norm. One of the first questions new people ask is, “What do you do?” Figuring out how to answer that has been a work in progress.

Focus

One of the hardest parts about taking this leap of faith has been finding direction, but I finally feel like that’s coming together. I’m starting to grasp that I can’t focus on twenty different profit centers at once. I can gradually expand to a greater number, but I can’t begin there. Focusing is hard when the possibilities are endless. I knew pretty early on that I wanted to start an Etsy store but there were so many things I could do. My first plan was to sell crocheted and knitted items. I quickly realized that it was going to take me awhile to stock my store and that if I primarily offered scarves, there would be many months out of the year that I didn’t have many sales; plus the market is pretty saturated. I haven’t completely ruled out adding such a store as a profit center, but fortunately I realized that it probably wasn’t the best place to start. I’m so thankful I stumbled upon a print-on-demand site and started down the path to Dizana Designs.

Etsy

When I think about the things I really enjoy doing, graphic design, in particular pattern design, is at the top of the list. Whether I’m shopping or surfing the net, I always find myself examining patterns in textiles. I remember as a kid being particularly fascinated with the wallpaper we had in one of the bathrooms. I loved finding the repeat in the pattern and studying the design that seemed to always be changing, kind of like staring at the clouds and seeing different things. So when I started seeing all the print-on- demand opportunities, I knew that putting my patterns on various items would be a great way to explore that interest. At the time I opened my shop, the market wasn’t too saturated. It has gradually grown more so, especially the iPhone case market. But as long as I keep working on making original patterns that people like, I believe my business can continue to grow. I plan to devote more of my time each day to growing as a designer, studying pattern design and creating multiple patterns every week, as well as seeking out new products to add to my store.

Print-on-Demand Sites

In addition to my Etsy shop, I am exploring other venues for selling my designs. There are a number of print-on-demand sites that will handle the sales. I can upload designs and set they price, they will handle the orders. If I were beginning now, this is where I would start. It’s a great way to get your art/designs out there and start earning commissions, without a lot of ongoing effort. There are at least three print-on-demand sites that I hope to add as profit centers soon. I will let you know as I branch out.

Other Potential Profit Centers

In addition to designing; I would like to add a Vintage Etsy store to my lineup. Etsy’s not just handmade; you can sell vintage (anything over twenty years old) and supplies too. I already have a number of things that I would like to sell. And I love a good vintage shopping trip and the thrill of exploring thrift stores and “antique” stores for something of value. I often find things that I love that don’t really fit in my house. I think selling vintage would be a great outlet for that. I am also exploring the option of reselling on Amazon. There are a number of sellers that buy items from various sources at a highly discounted rate and then sell them on Amazon for a profit. I’ve done this on a small scale with Disney movies but would like to expand on this.

Blogging

I’ve always enjoyed writing and had been a longtime fan of blogs like Not Martha, Heart of Light, and Making it Lovely, when I started this journey I felt like blogging would be a perfect fit as one of my profit centers. I read lots of advice on blogging and one of the most repeated pieces of wisdom is to narrow your focus, don’t go too broad. So I opted to start two blogs, this one, which leans towards the personal finance genre, and dizana.com, which falls more in the design genre. The thing is, like me, both blogs are hard to compartmentalize. I have a wide variety of interests which to some might not combine into a cohesive topic. But that’s me, and my favorite blogs can be pretty varied in subject matter. So I’ve decided that I’m going to combine the two blogs into one – the life of a renaissance girl (or woman) if you will. Am I too old to refer to myself as a girl? Gal, maybe? My plan is to create a new design for dizana.com and combine all the posts from this blog with the posts from dizana.com so none of the content will be missing. Then I will redirect the domain, leapoffaithblog.com, to dizana.com. I anticipate that this will take some time to accomplish. In the mean time, I’m not sure how often I will be posting here. I appreciate you guys reading and putting up with my works in progress.

The Cons of Working for Myself

While working for myself has been pretty great. There have been a few cons. Some I was expecting, like the decrease in income and the difficulties of healthcare coverage. But there are a few that I wasn’t expecting. I’ve recently been trying to catch up on some bookkeeping for my business and have had a terrible time getting numbers to total. I think maybe I’ve been spending too much time planning and creating and not enough time thinking and problem solving and, as my dad would say, my brain has turned to mush. In my past life, as a law firm administrator, my job was 90% problem solving. After awhile, all that problem solving started to get a little tiring. Since many of the problems were people oriented, many of the problems were pretty repetitive. I don’t miss a lot of the problems, but I think my problem solving skills have started to decline. I think that as business starts to increase I will probably be a bit more challenged mentally, in the meantime I am giving up some of my Pinterest time and attempting to do a Sudoku and a crossword every day to rebuild and maintain my problem solving skills.

I miss getting up and moving around. The office where I worked was pretty large, we had much of the 8th floor of an office building. Moving around was really part of the job; I had to get up and walk to the file room to make copies or pickup something off the printer. Or I’d walk across the cat-walk to the other side of the office to solve computer problems. I’ve found that when I work at home or at my part-time job, I will go several hours without getting up and when I do, I don’t have far to go. I need to be more conscientious about making an effort to move around a bit more throughout the day.

Most of all, I miss the people. I always thought I’d really enjoy working from home, and I do, but I miss the people a lot more than I thought I would (some more than others). I miss having co-workers drop by my office to chat and even the noise from the offices next door (I was officed in between two pretty noisy guys; one that loved his speakerphone and the other that frequently enjoyed loud internet videos). I miss the banter and inside jokes that go along with working in a bigger office. And I miss the constant activity that goes with having lots of people around. I have my part-time job, but there are only three of us in the office so it’s not much different than working at home with the dogs; except my co-workers don’t bark wildly at the mailman. It’s not financially feasible now, but maybe in the future I will consider an office sharing situation.

So that’s where things stand. I have a few other ideas in mind but they’re not ready for prime-time; my goal for the rest of the year is to focus on the above. Have you taken a leap of faith and made major changes in your life? How did it work out for you?

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Friday Links

Here are a few articles of interest for your Friday:

Have a great weekend!

 

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Moving Foward

 

I have been blessed, or cursed, with an interest in nearly everything. The problem with this is that it’s hard to focus on the task at hand. I am always thinking about the next project. There are so many business and personal projects on my plate that I often feel like I don’t get much accomplished. The other day, I was thinking about one of my personal projects, scanning all my photos. I realized that if I had spent an hour each week last year scanning pictures, I would have made a lot of progress. What’s one hour a week? Surely I can find an hour to devote. And it hit me, maybe that’s how I need to look at all my projects. If I devote at least one hour per week, putting my entire focus on each individual project, before I know it, I will begin to make real progress. It won’t be immediate, but I’ll be moving foward.

What do you want to accomplish this year? Can you devote at least one hour per week to doing it?

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Friday Links

Here are a few articles of interest for your Friday:

Have a great weekend!

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Shopping: Change your Perspective

This weekend, while catching up on my blog reading, I came across this post at Get Rich Slowly, that made me really stop and think about the way that I shop and acquire stuff. A lot of the comments on the post focused on budget, the way I’ve always looked at my spending. It has become a bit of a game to acquire as much stuff as possible while staying within a certain budget. While it’s great to get the most bang for your buck, I think this habit tends to encourage unnecessary spending. Maybe looking at things from a different perspective can help me change my habits.

Stocking up

There is something to be said for having a stockpile of a few basic necessities, like toilet paper. But have we started to consider nearly everything a necessity? If one is good, then four must be perfection, right? Maybe not. Maybe it just becomes clutter. Do you ever find yourself buying more than one of an item you really love, even though you can only use one at a time? For example, I bought a pair of running tights at Gap this season. I love them and found myself thinking the other day that I should pick up another pair while they are on sale. But do I really need them? They are heavyweight tights that I only wear when it’s really cold. I typically run three times a week and if it’s cold all week I wear them for three 30 minute workouts until I do laundry on the weekend. That system has been working fine. They don’t need to laundered more often, yet there’s some ingrained desire in me to stock up.

Consider the Number of Items instead of the Amount of Money

One of the commenters on the GRS post mentioned the French Wardrobe Method. I had heard of this before but never thought much about it. The idea is that you only buy five clothing items per season (usually combining Fall/Winter and Spring/Summer) – so ten items total each year. The idea is to spend a little more on good quality pieces since you are not purchasing as many items. For me this was a revolutionary way to look at spending. And it’s doesn’t just have to be the way you shop for clothing. Say your yearly budget for tools is $200 and instead of spending that money on a few high quality tools that you will really use, you are maxing out your budget by accumulating a high number of less expensive, lower quality tools. Yes, you purchased more items but is it money well spent? Maybe the better way to approach it is to set item limits instead of money limits. You will end up with fewer items that are of a higher quality and potentially spend less money.

Shop With Intention

While considering the French Method, I was surprised at how it helped me shop with intention. I mentioned the other day that I had purchased a couple of pairs of pants to replace some that no longer fit. After deciding to live by the five items per season limit, I decided to return one of those pairs of pants. While I got a really good deal on them, I just didn’t envision wearing them enough to make them one of my five items. By setting an item limit, I’ve found that I more thoughtfully consider whether an item will work with the other items in my wardrobe before bringing it home.

There are lots of ways you can change your perspective. This post at Lifehacker even suggests living your life like a game to create incentives and change behavior. That seems like creating a lot of extra work to me, but I’m sure it works for some. If what you’re doing now isn’t working, maybe it’s time to change your perspective. So what do you think? How has changing the way you look at things improved your spending habits?

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Friday Links

Here are a few articles of interest for your Friday:

Have a great weekend!

Posted in Uncategorized | Leave a comment