Every month I publish an income report…why? Good question 🙂
With all the shiny objects out there it’s easy to spend WAY more than you’re earning. Luckily I realized this early on and I’ve kept detailed records of my expenses ever since. That being said, I know that there are certain expenses that are NECESSARY when running a business. As much as I don’t want to pay for them, I need to pay for my email autoresponder, website hosting, and video hosting every month. It’s just a part of doing business. There are other things that I buy as well, but I try my best to keep my expenses SIGNIFICANTLY LESS than my revenue. If I can do that then I’m ahead of the game.
On my show I ask my guests a lot of personal questions. One that frequently comes up is “How much do you make?”. I feel like I need to reveal my own income if I’m going to be asking others the same question. It only seems right.
There are a lot of online marketers out there who fake-it-till-they-make-it. In other words, they fudge their numbers and exaggerate their earnings in order to establish false authority in their niche. My goal is that by watching my income grow slowly over time you’ll realize that there is no get-rich-quick button.
Here’s my results for February, 2016
28,721 page views (-3,028 from January)
34,688 Youtube channel views (-7,943 from January)
192,588 Youtube minutes watched (-52,656 from January)
Email subscribers: 23,123 (-249 subscribers from January)
Review Wizard prizes: $4,000 – Prizes we sent out to affiliates as a reward for promoting our launch
Virtual assistant: $800 – I have an assistant help with all my promotions, including copywriting, scheduling, and posting.
Re-Engager sales page: $602 – This is what we paid for the graphics on our sales page for Re-Engager
Tax return: $500 – My yearly tax return fees…I highly recommend Josh Baerle at CPA on Fire if you need someone who understand online business taxes
GoToWebinar: $199 – I use this for live webinars and training
Greenback Tax Services: $150 – I scheduled a meeting with an accountant to discuss my foreign tax situation
Aweber: $130 – This is my list building software that allows me to email everyone when there’s a new interview or review
Zapier: $50 – An amazing tool for automating your business
Internet: $50 – This is what I pay for my fiber Internet in Turkey
ZenDesk: $50 – Brett and I use this for our helpdesk for our launches
Paypal fees: $40.42
Gusto: $36 – This is the company I use for my SCORP payroll
Monthly phone fees: $30
Food Blogger Pro: $29 – A course I purchased on setting up a food blog, something that I’m interested in
Extra Review Wizard sales page graphics: $25 – Some extra fees to get our sales page fixed
Resell Rights Weekly: $19.95 – Reoccurring membership fee for the bonuses I add from my interviews and reviews
Click Magick: $17 – This is one of my FAVORITE tools for tracking links.
Amazon S3: $16.40 – I use this to host images and videos
Jvzoo seller fees: $15.75
Audible: $14.95 – Business books to further my education
iCloud: $9.99 – I use this to store my documents online
Skype: $9.99 for premium – I do all my interviews with Skype and Ecamm call recorder on a Mac.
Vault Press: $5 – A quick and easy tool that I use to backup my website
Total expenses: $6,800.45 (+$3,464.82 spent compared to January)
Review Wizard: $22,144.56 – My earnings from a launch Brett and I did
Review Wizard expenses: $2,687.83 – Launch expenses from Brett
Affiliate Trax: $919.02 – Commissions from a private webinar
Profit Canvas Unlimited: $395.06 – My commission from a private webinar Brett Rutecky and I did
Affiliate Income Secrets: $376 – My product teaching how I make money from affiliate marketing
Mail It: $316.09 – My earnings from a launch I did in August, 2016 with Brett Rutecky
Group Traffic Profits: $86.30 – My earnings from a launch I did in December, 2016 with Brett Rutecky
Google Adsense: $82.53 – Earnings from Youtube Adsense
Resell Rights Weekly: $69.85 – This is a website that has a ton of products that you can use as your own
Social Robot JV commission: $68.46 – This my cut from a launch I did with Joshua Zamora in early 2015
Keyword Suggestions JV commission: $53.51 – This is my cut from a launch I did with Radu in September, 2015
Affiliate Trax: $44.57 – This is my cut from a launch I did with Brett in May, 2016
SociSpot JV commission: $31.28 – This is my cut from a launch I did with Lee Pennington in November, 2015
Total from OTHER streams of income: $27,275.06 (+$25,726.03 from January)
Total Revenue:$46,092.61 (+$18,084.42 from January)
This is a catch up report. I got a bit behind on these, but if you’re looking for a detailed report, check out March, 2017