It’s December already!
That means that I should have an income report ready for all my fellow side-hustlers.
I’m trying to stay on top of these reports because for many of you, it’s inspiration on your very own increase income journey. This also keeps me accountable for my goal of reaching $25k-$30k in monthly income, so that I can retire the hubbs by 40. It’s still a longshot, but so was getting out of over $120,000 in debt, but we did it!
So without further ado….
I made a total of $1,410.23 for the month of November.
Monthly Unique Pageviews: 18,000
Email List Size: 2,480
|Udemy.com Course Sales||$76.62|
|Affiliate Income (BlueHost, FreshBooks, Restored 316, Core Affiliate Strategy, Pinterest Strategy Guide)||$992.98|
|Virtual Assistant Services||$37.83|
|Carpeting for our video recording/podcasting studio)||$132.20|
|Telephone – Wireless||$30|
|Bank Service Charges||$15|
|Software Subscriptions (ConvertKit , Board Booster, etc.)||$284.74|
|Meals and Entertainment||$10.59|
|Making Sense of Affiliate Marketing||$197|
|Advertising & Promotion||$146|
|Taxes & Licenses||$56.57|
|Vehicle – Fuel||$35|
|Total Operating Expenses||$1,008.31|
Elite Blog Academy
Elite Blog Academy was created by mega-blogger, Ruth Soukup. She has built a blogging empire, earning tens of thousands per month from her online presence. She has an amazingly simple, straightforward class for the new blogger called, Elite Blog Academy or EBA for short . I wish I would have taken EBA earlier in my blogging career, but here I am. I’m about 90% done and I can see that it’s done wonders for my income. I highly recommend EBA if you are looking to profit from your blog. It’s pricey, but I’ve more than made back the investment. It only opens once a year in February, so get on the waiting list to be notified when it’s open.
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Even though my traffic has sadly been sliced in half and by some estimations would be considered dismally depressing, my income is growing due to affiliate income. I just finished taking a course from super blogger, Michelle of Making Sense of Cents. Michelle’s blog earns over $100K per month in affiliate marketing revenue! Her eCourse, Making Sense of Affiliate Marketing, is a great way to learn about her affiliate selling strategy. I’m about 96% done and am seeing some of the recommendations as helpful.
Also, I’m still following the advice of Rosemarie Groner who wrote the Core Affiliate Strategy guide. Core Affiliate Strategy helped me make over $2,500 in my first affiliate launch this past August.) If you are interested in the tactics I used to increase my affiliate income here is a link to Rosemarie Groner’s Core Affiliate Strategy guide. NOTE: This guide recommends you have an email list of at 1,000 people to do an effective launch. If your list is not that big, no worries, I actually wrote a quick eBook called Grow Your Email List, Grow Your Income on the subject of how to grow an email list. If you buy the Core Affiliate Strategy guide, I’ll give you Grow Your Email List, Grow Your Income for free. Just forward your purchase receipt to email@example.com to get it.
All in all, I am happy with my affiliate sales growth and look forward to seeing my numbers get higher in this area.
Though I’m not looking to trade dollars for hours anymore, I do realize that adding some freelance writing to supplement my blog income has been helpful. I’ve probably got capacity for just a few more clients. Not reflected int his income report, I actually billed an extra $1,200 for freelance writing work! This will be reflected in December when the payouts come. If you are interested in learning about how to start your freelance writing career, check out this eCourse on freelance writing by my friend, Holly Johnson who makes over $220,000 per year writing! It’s called Earn More Writing. If you think Holly is unique, check out my post about other six-figure freelance writers and it might inspire you to explore the possibilities with this stream of income.
My email list continues to be my best marketing channel. It’s how I am surviving even with such low traffic. Also, ConvertKit has been great in growing my email list and my income. I have been using that along with the SumoMe Welcome Mat and I’ve nearly tripled my email list in a little over 2 months. If you want more tips on how to grow your email list, check out this eBook I created on strategies and tactics that will help your email list grow: Grow Your Email List, Grow Your Income. You can get it free if your purchase the Core Affiliate Strategy or the Making Sense of Affiliate Marketing eCourse.
What’s Not Working
I’m now using Wave and FreshBooks for my accounting needs. In my September income report, I said I was moving from cash-based accounting (recognizing money only as it comes in) to accrual (including work I have billed for but not yet been paid on.) I really don’t like accrual-based for a few reasons, but so I don’t bore you to pieces, I’m just going to let you know I am switching BACK to recognizing money only as it comes in. That’s why I use Wave and FreshBooks. Wave is free whileFreshBooks starts at $15. I use FreshBooks to invoice my clients and it’s nice that they have a deal with PayPal where your clients can pay you right on your FreshBooks invoice and the fee is a flat $.50 (fifty cents!) Click here to start a free 30-day trial of FreshBooks.
My traffic has dropped considerably and I think I know why: I haven’t spent much time in increasing it. Initially, I was faithful in following the steps in this Pinterest Strategy Guide and my traffic was growing like crazy. Then it kinda petered out and has dropped into the abyss. At this point, my goal is to perform maintenance on my Pinterest strategy best I can, then spend 2017 promoting all the content I have. Since my income is at a tolerable level right now.
I’ve still got a ways to go when it comes to growing my income. As a home schooling mom of two little ones, it can be quite hard to fit in blogging and freelance writing, but I am doing what I can to make it work.
My ultimate goal is to consistently make $25,000-$30,000 in income per month and invest about $15,000 per month so we can retire early by 40. In additional to that, I am hoping that by early 2017, my income can carry the household expenses while my husband just banks his check going forward. It’s a BIG goal, but I believe we can do it!
How about you? What are your money goals? Is making additional income in there as well?
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