In 2011, small business owners in Singapore set up shop on LiveJournal and completed transactions worth $72 million USD. They call them “blogshops” and there are over 50,000 of them currently running on the social blogging site.
Livejournal recently released a statement about their success and it is pretty amazing, mostly because it’s a singularly Singaporean phenomenon. They say the businesses are mostly small, home-based operations that have grown organically as an inexpensive way of getting started.
Right now, says LJ, only 10% are earning more than USD $1,500 a month but that’s nothing to cry about. Top earners are pulling in as much as USD $15,000 a month selling mostly clothing, beauty item and tech items.