Income Report for June, 2014 – MUST. MOVE. FORWARD---->
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Income Report for June, 2014 – MUST. MOVE. FORWARD—->

28,275 page views   (-752 from May)

13,205 Youtube channel views  (-5,913 from May)

96,457 minutes watched (-25,039 from May)

Aweber subscribers: 7,425 (-63 subscribers from May)

GetResponse subscribers:  3,178 (-54 subscribers from May)

Total email list subscribers: 10,603

Expenses

Aweber: $69 – This is my list building software that allows me to email everyone when there’s a new interview

GetResponse: $45 – This is the autoresponder I use for my buyer’s list and solo ads

Facebook ads: $34.37

Traffic Planet Hosting: $24.99 – The hosting account that I recently switched to. It’s super fast and I’m very happy with it.

Resell Rights Weekly: $19.95 – Reoccurring membership fee for the bonuses I add from my interviews and reviews

Click Magick: $17 – The awesome tool I use for tracking clicks, optins, and sales

WuFoo: $14.95

PLR Assassin – $11.16 – Reoccurring membership fee for the bonuses I add from my interviews and reviews

Skype: $10 for premium

oDesk Virtual Assistants: $5.92

JVZoo Fees: $.70

 

Total expenses: $253.04 (-$1.85 compared to May)

 

Revenue

Local Lead Alternator: $1,082.70 from review and interview with Ivana Bosnjak

Social Marketing Suite (CLOSED): $1,010.48 from review and interview with Karthik Ramani

Covert Shirt Store: $945.11 from review and interview with Cindy Battye

Creative Post: $707.58 from review and interview with Guillermo Mata

Rapid Content Wizard (CLOSED): $630.50 from review and interview with Sean Donahoe

Rent-A-Serp (CLOSED): $588.50 from review and interview with Mario Cimmino and Devin Zander

Hero Tower (CLOSED): $485 from review and interview with Ross Carrel

Video Maker FX: $452.40 from review and interview with Peter Roszak

Simple JV Cash (CLOSED): $409.57 from review and interview with AJ Montoya

Money Getting Funnels: $364.50 from review and interview with Mike Marin

Social Post Lab (CLOSED): $279.42 from review and interview with Sam Bakker

Product Creation Rehab: $275.06 from review and interview with Anwesh Rath

Facebook Viral Bomb 2.0 (CLOSED): $263.99 from review and interview with Nelio dos Reis

EasyBay Pro: $243.62 from review and interview with Chris Guthrie

Laptop Laziness: $234.99 from review and interview with Bill Hugall

Notification Pro (CLOSED): $230.74 from review and interview with Brett Rutecky

FB Lander: $203.50 from review and interview with Austin Anthony

Optin Tango (CLOSED): $203.16 from review and interview with Leah Butler-Smith

Simple CPA Profits (CLOSED): $160.22 from review and interview with Adam Payne

Push Send Profits (CLOSED): $158.50 from review and interview with James Canzanella

The Death of Solo Ads: $154.11 from review and interview with David Eisner

Solo Ad Professor: $153.79 from review and interview with Paul Nicholls

AK Booster Pro: $151.70 from review and interview with Ben Murray

Video Induction System: $146 from review and interview with Joey Xoto

SEO Enigma Reloaded: $140.88 from review and interview with Jon Shawcross

Ad Factory (CLOSED): $118.35 from review and interview with Russ Schneider

Compliance Bar: $113.25 from review and interview with Anton Nadilo

Covert Store Builder: $110.40 from interview with Cindy Battye

Easy List Machine (CLOSED): $105 from review and interview with Glen Kirkham

Tee Cash Boot Camp: $77.70 from review and interview with Andy Berard

17 Commandments (CLOSED): $76.58 from quick promo 

Local Lead Empire (CLOSED): $71.96 from review and interview with Adrian Knight

IMNow Webinar (CLOSED): $62 from review and interview with Keith Lynch

Video Traffic System (CLOSED): $55.50 from review and interview with Brad Scott

News Feed Fire (CLOSED): $48.50 from review and interview with Chris Blair

Local Reputation Hero: $47 from review and interview with Matthew Ianotti

Social Viral Videos (CLOSED): $47 from review and interview with Neil Napier

Easy Funnel Maker (CLOSED): $46.29 from interview with Barry Rodgers

Tee Cash Kit (CLOSED): $44.40 from review and interview with Nishant Bhardwaj

The Cash Box Blueprint (CLOSED): $43.50 from review and preview

Arbitrage Underdog: $27 from interview with Tom E and review

Inner Circle Solo Ads 3.0 (CLOSED): $24.75 from interview with Rob Stafford

Profit Pirate (CLOSED): $21.76 from review and interview with James Knight

Solo Ad Business Blueprint (CLOSED): $21.64 from interview with Kate Rosenberg

Video Jeet: $18.50 from review and interview with Cyril “Jeet” Gupta

Article Factory Pro (CLOSED): $18.02 from review and interview with Joshua Zamora

Operation Solo: $17.97 from interview with Anthony Tilley

Instant Email Swipe File: $17.50 from review and interview with Matt Bacak

TweetPressr (CLOSED): $16.85 from review and interview with Leah Butler-Smith

Traffic Jeet II: $16.20 from review and interview with Cyril Gupta

Better Links Pro 2.0: $16.20 from review and interview with Chris Guthrie

Solo Ad Expert (CLOSED): $15.26 from interview with Jonathan Mizel

Steal My Business: $14.97 from review and interview with Ankur Shukla

Passive List Building Blitz (CLOSED): $14.58 from review and interview with Fergal Downes

Cost-Free Kindle Cannon: $11.40 from review and interview with Mike Balmaceda

Money CRM: $10.20 from interview with Vasiliy Blagodarskiy

The Money Trigger (CLOSED): $9.95 from interview with Alex Jeffreys

FB Fever: $8.50 from review and interview with AJ Montoya

Link Supremacy (CLOSED): $8.40 from review and interview with Radu Hahaianu

TreasureCoach Linkedin (CLOSED): $7.50 from review and interview with Maksym V.

Going Viral on Facebook: $4.85 from interview with Yoel Cohen

 

Total revenue from interviews: $11,065.45 (+$1,242.24 from May)

Quick and Easy Cash Blueprint (CLOSED): $17 – My product showing the results I had using Vinny’s Simple Novice Profits.

Kindle earnings: $23.68

Long Tail Pro: $7.66 from interview with Spencer Haws

PLR Assassin: $23.26 – This is a website that has a ton of products that you can use as your own

Consulting: $500

Total from OTHER streams of income: $571.60 (+$399.74 from May)

Total Revenue: $11,637.05 (+$1,641.98 from May)

Total Profit: $11,384.01 (+$1,643.83 from May)

Another good month.

What can I say? It was a fairly normal month as far as income goes. It’s pretty amazing that I had only $253.04 in business expenses to make over $11,000 in profit. It would be nearly impossible to run most businesses at such a low cost. Again, it shows how incredible affiliate marketing and product creation can be.

Coaching Program on the horizon

I finally set up my coaching program this month where I’ll be slowly accepting clients. In this program I’ll be teaching how to make money from affiliate marketing, list building, and product creation. I haven’t started promoting it yet, but I’m currently accepting applications for those interested in getting serious and moving to the next level. If you’re interested APPLY HERE.

Moving Forward

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Reblogged from Startup Quote

I’m at the point where I’m making enough money to pay for my daily expenses, deposit into my savings account, and invest back into my business. I’d like to be consistently putting in about 30-50% of my profits each month BACK into my business so I can start growing at a faster pace. Of course I don’t want to just throw money away, so I’ve been carefully crafting out a sales funnel for new lead generation to funnel into my coaching program.

The great thing about this is that by taking action I’ll be going in the right direction even if I don’t get the results I desire. The WORST thing I can do for my business right now is become complacent and stand still.

 

A new product???

As part of the sales funnel I mentioned above I’ll be doing my first JV style product launch since the end of July, 2013. My goal is to release this by the end of August after first testing out the funnel with solo ad traffic.

I see a lot of people launching product after product with no real “goal” for their funnel. I’ve been thinking long and hard about the “end goal” for the sales process and have crafted a sales funnel based upon that, rather than trying to think up a front end product and then think of the “money” product afterwards.

When I say “Money” product, I mean the product that’s going to be the real cash generator in the launch. For example, if you launch a product at $7 with a $17 OTO and a $27/recurring membership and give away 100% commissions then you’re going to make $0 from affiliates. This is EXACTLY what Alex Jeffreys does. Why? Because he knows that he’ll make his money back in his coaching students.

Let’s say you spend $500 on sales copy, $500 on advertising, and $2,000 on JV prizes for a total cost of $3,00o for your launch giving away 100% to affiliates. If affiliates send you 10,000 visitors, your sales page converts at 10%, and you bring in 1,000 sales you’ll have made $0, right? If you give away 100%, yes. But that’s not where the magic happens.

The magic happens when you have the “money” product in the backend. Whether it’s a high-priced webinar or coaching, THAT’S where you’re going to make your money.

So, if you can convert just 1% of those 1,000  new customers into coaching clients paying $1,997  each then that’s $20,000 back into your pocket. And that’s not even counting the money that will be made in affiliate commissions. These are HOT leads that have bought from you and are EAGER to learn more.

 

That about wraps it up. I’m EAGER to move ahead and build my business INTELLIGENTLY by investing in things that will move me forward at as fast a pace as possible. I know that the only way to do this is to take risks, help others, and perhaps fail a bit in the process. I’m a bit scared…but more excited than anything else!!!

 

  • July 19, 2014
Click Here to Leave a Comment Below 15 comments
Yordi - July 19, 2014

Nice income report:) looking forward to your product!

Reply
    Mike From Maine - July 19, 2014

    Thanks, Yordi. I’m looking forward to it, too 😉

    Reply
jody moore - July 19, 2014

not too shabby buddy, I long for the day when I can pull that kinda cash from
affiliate marketing….well affiliate marketing with your list and a dash of organics

Reply
    Mike From Maine - July 19, 2014

    Jody,

    Thanks. These kinds of results took work and perseverance. But if I can do it so can anyone else.

    Reply
Eustace - July 19, 2014

Congratulations on a great month!

Reply
karthik - July 20, 2014

Nice income report michael, i have been following your blog every month to see this income reports and see which products did well for the month 🙂 Anyways with your insights for Funnels with 100% commission , i usually as a JV when i see a product offering affiliates with 100% commissions , i pursue it as if this guy is selling some PLR thats why he is offering 100% commissions because product creation takes time and effort so you can’t give that away or if its some respectable marketers like you then we will know that a strong backend funnel is being pushed to our buyers so we will get less sales from those same leads as the vendor wouldn’t have made any money from the product sales , so he will be pushing the news list hard to make sales (thought its not wrong and its perfectly fine and makes sense) where as a vendor who made money from the product sales as well will focus on supporting the customers more and not immediately have the need to push affiliate offers or a strong offer through the webinar.
So my motto is make money in the front end as well as in the backend and provide quality support 🙂
Either ways good luck with your launch , i know it will be of the best quality and am in and i do like the 100% commissions 🙂 Cheers.

Reply
    Mike From Maine - July 20, 2014

    Hey Karthik,

    Great insights from a guy who has launched a LOT of products.

    I’ll be sure to let you know when I get my JV page up 😉

    Reply
Rod - July 20, 2014

Mike, it’s good to see you’ve another 5 figure sum this month but I would say your recent high earnings are not specifically due to hard work – I would say it’s happened because you found the right niche. In fact if we were honest we could say you are earning big money by doing the simplest task possible! But you’re doing this simple task very efficiently and honestly, hence the big increase in your earnings.

As regards, reinvesting, if I were you I would try to save up a lot of the money at this stage and once you’ve saved up something like 200k, then you could start looking for other ideas. Aren’t the interest rates in Turkey fairly high in comparison with the western banks?

Reply
Nathan - July 20, 2014

Wow! Great month, you’ve increased your income a lot since I first following your blog….can’t wait to have my first $100 month and work my way up.

Reply
    Rod - July 21, 2014

    Nathan, As I said above. The earn money in this game, you wold need the correct niche. Just doing hard work will not achieve results. Nobody works as hard as I do – I do nothing but Internet work in my life.

    Just to give an example, instead of jumping from one niche to another, if I started a an SEO blog from the start. I’d be earning good money by now – have a look at how much Mathew Woodward is earning each month solely because he’s picked the right niche.

    Reply
      Rod - July 21, 2014

      That should be… “to earn money….” and not “the earn money….”

      Reply
Mary Greene - July 23, 2014

Congratulations, Mike! It’s great to see one of the good guys succeed.

Cheers,
Mary Greene

Reply
    Mike From Maine - July 23, 2014

    Thank you very much, Mary. How’s your business going?

    Reply
nikhil - July 26, 2014

am really looking frwrd to your program,,,am very exited to start with you bro

Reply

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