Income Report for October, 2013 – Flying Solo
15,494 page views (+5,422 from September)
1,493 iTunes downloads (-401 from September)
8,508 Youtube channel views (+1,702 from September)
61,693 minutes watched (+5,510 from September)
Aweber subscribers: 4,588 (-5 subscribers from September)
GetResponse subscribers: 1,686 (+1,432 subscribers from September)
Twitter followers: 5,731 (+55 followers from September)
Facebook Fans: 593 (+85 from September)
Libsyn: $75 – I host my podcast with this so I can put it on iTunes
Aweber: $49 – This is my list building software that allows me to email everyone when there’s a new interview
GetResponse: $15 – This is the autoresponder I use for my buyer’s list and solo ads
Hello Bar: $5
Skype: $10 for premium
Safe Swaps: $29.99 – A place to do ad swaps without having to worry about getting ripped-off (to an extent)
Fiverr: $225 – This is where I get a lot of my work done very inexpensively
eBay: $29.10 (fees for eBay arbitrage)
Vagex: $10 – A tool for increasing your Youtube video rankings
Facebook Ads: $6.99 – I did a Facebook promoted post
Solo ads: $1,033
Perfect Audience: $75 (I deposited this much, but most of it is still remaining)
Thrive Content Builder: $35 -This is an AWESOME tool for creating sales pages…I’m going to try to interview it’s creator soon.
Total expenses: $1,668.59 (+$1,161.81 compared to September)
Simple Novice Profits (CLOSED): $162.84 from interview with Vinny Boccalino
LeadPlayer (CLOSED): $147 from interview with Clay Collins and links under interviews
The Traffic Hack System (CLOSED): $111.82 from interview with Mike Marin
Kindle Bestseller Blueprint (CLOSED): $106.07 from interview with Miss Krizia
Guest Post Supremacy (CLOSED): $88.88 from interview with Radu Hahaianu
Fortune Fiverr (CLOSED): $54 from interview with Ron Rule
Inner Circle Solo Ads 3.0 (CLOSED): $46.29 from interview with Rob Stafford
The Four Hour System (CLOSED): $44.14 from interview with Anton Kraly
List Frenzy (CLOSED): $41.07 from interview with Andre Stoelinga and Daryl Austman
Fiverr Euphoria: $35 from interview with Fergal Downes
Secret Millionaires Traffic Source: $34.86 from interview with Dave Gruber and Matt Bacak
FB Business Finder (CLOSED): $32.96 from interview with Neil Napier
Simple Facebook Profits: $26.27 from interview with AJ Montoya
Clickbank Atlas: $21.30 from interview with Wyatt Jozwowski
Viral Optins (CLOSED): $18.54 from interview with Wilco de Kreij
SEO Enigma (CLOSED): $18.47 from interview with Jon Shawcross
Email Secret Weapon: $12.37 from interview with Matt Bacak
Azon Easy Cash (CLOSED): $10.94 from interview with Jeff Pettit
Coupon Book Method (CLOSED): $10.32 from interview with Denis Kampl
Niche Supremacy (CLOSED): $9.96 from interview with Radu Hahaianu
Savage Siphon (CLOSED): $8.50 from interview with Brian Anderson
CashBlurbs Formula (CLOSED): $7.48 from interview with Steven Jones
Magnetic Marketing (CLOSED): $7.19 from interview with Amanda Craven
Total revenue from interviews: $1,908.27 (+$228.93 from September)
Quick and Easy Cash Blueprint (CLOSED): $858 – My product showing the results I had using Vinny’s Simple Novice Profits .
Product Launch Confessions: $17
Kindle earnings: $7
Text link ads: $21.60– I make this income from an old website of mine.
Whoosh Traffic (CLOSED): $17.90 – A keyword tracker for monitoring multiple keyword rankings
SocialAdr: $5.60 – A hands-off way of getting more likes and tweets for your posts
Total from OTHER streams of income: $1,167.05 (+$518.33 from September)
Total Revenue: $3,075.32 (+$767.26 from September)
Total Profit: $1,406.73 (-$394.55 from September)
This month marks my HIGHEST total revenue ($3,075.32) since September, 2012. It seems like I’m doing SOMETHING right 🙂 But of course that isn’t all profit. After I deduct expenses my total profit comes down to $1,406.73 which is almost $400 LESS than September. And that’s OK. Why? Because I added over 1,400 new subscribers to my email list. But I’ll get to that in a minute.
A Success Story
Unfortunately, the product that I was selling on eBay got a HUGE price hike from my provider so it’s no longer possible for me to make a profit on it anymore…oh well, I’ll find a new one.
UPDATE: 11/20/13 Just found another service to sell and made my first sale!
And YES, it’s very possible. Not only is Vinny Boccalino making over $3,000 per month using this method described in his product Simple Novice Profits, but one of my students, Martin Krivosija has already reported back to me that he’s made MULTIPLE sales doing EXACTLY as I’ve laid out in my mini-course .
Check out his results here:
While arbitrage is fun and all, it’s not my passion. I don’t want to position myself in the market as an arbitrage expert…that’s Vinny Boccalino’s arena. So, if not this then what? Solo ads.
In order to be an expert at anything you need to be ACTUALLY doing it day in and day out. So, what am I doing? I’m buying a ton of solo ads. Why? Because I’ve seen a correlation between the amount of subscribers on my list and the amount of income generated….but don’t take my word for it, let’s check out the numbers below.
I started recording the number of subscribers I had on my list in December, 2012, so I’ll start from there:
According to my results, I’m making between $.48 to $.98 per subscriber on my email list per month. If this correlation holds true, all I need to do is increase my email list to 10,000 subscribers to be making $5,000 per month. So the key here is to REINVEST as much income as I can BACK into my business…which I started doing in October. How much did I reinvest?
If you go to my solo ad directory and scroll down to the chart for October, 2013 you’ll see all the details for my solo ad buys for the month. Currently I’m releasing all of my solo ad results for free, but in the future I’m may release my own results as a product for sale…but I’m getting ahead of myself here.
So, I invested $1,003 BACK into my business. The great thing is that I was actually able to make some money back IMMEDIATELY. Thus, I’d like to present to you:
The Magic of Solo Ads
Ok, why are they so magical? Let’s take a look at the numbers from my solo ad buys in October:
October, 2013 Solo Ad Results
Total spent on solo ads: $1,003
Total made back from OTOs: $257
Total subscribers added: 1,156
Cost Per Subscriber: $.65
You can see that I spent a total of $1,003. You can also see that I made back $257 from OTOs (One Time Offers) immediately. That means that these solo ads ACTUALLY cost $746. From that spending I added 1,156 new subscribers to my mailing list, thus equaling a total cost of $.65 per new subscriber added to my list.
$.65 per new subscriber. Is that good? Is that bad? In my opinion, it’s neither. My goal is to bring that average number down to $.20-$.50 per new subscriber. I KNOW I can do it, but it’s going to take some tweaking of my sales funnel…but again, I’m getting ahead of myself.
So I’ve added 1,156 new subscribers to my list…so what does that mean income-wise? If we consult the chart above it should mean $.50-$.98 income per month per subscriber. Thus, $578 to $1,132.88 increased income on my revenue report for next month. Of course that’s in a perfect world. We should also take into account that every time you email a list a small percentage unsubscribes. Also, when people sign up for a list there are going to be some fake emails, so I’m going to bring that number down to 1,100 for argument’s sake. I also think that $.50 to $.98 per subscriber is a bit high. Let’s reduce that number down to $.30 per subscriber per month and look at the numbers.
At $.30 per subscriber per month, and 1,100 new subscribers added, I’ve added a $330 per month to my income. I spent $746 to add that extra income, so in three months time I’ll be in profit…and that’s with exaggerated calculations.
If these numbers hold true, then it only makes sense to keep reinvesting my profits BACK into my list building efforts.
In the next couple weeks I’ll be prereleasing a product that I’ve been working on for a while with interviews with EXPERT solo ad sellers. I’ve already learned a TON from them, but I’m excited to share their knowledge with you so that we can all gain from their success.
That’s it for this month. As always I’d like to share some photos with you from my life in October:
The beach in Olympos, Turkey that my wife and I spent a week at in October
Some goats crossing the road 🙂