Every month I publish an income report…why? Good question 

1. Accountability

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.

2. Integrity

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.

3. Perspective

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 May, 2018

12,910 page views (+3,322 from April)

25,470 Youtube channel views (+1,600 from April)

137,431 Youtube minutes watched (-2,171 from April)

Email subscribers: 20,426 (-334 subscribers from April)

Expenses

Sales Copy: $1,000 – Our payment to our copywriter for our new IM Insider membership site sales copy

Virtual assistant: $800 – I have an assistant help with all my promotions, including copywriting, scheduling, and posting.

GoToWebinar: $725 – Yearly payment for a GoToWebinar account

Sales page graphics: $714.99 – This is how much it cost to get graphics created for the sales page for IM Insider.

Paypal fees: $162.98

Aweber: $130 – This is my list building software that allows me to email everyone when there’s a new interview or review

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

Gusto: $45 – This is the company I use for my SCORP payroll

ManyChat: $40 – A service that I use to build a Facebook messenger list

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

Wufoo: $19 – This is the form we use for coaching applications

Audible: $15.77 – 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.

Restream: $7.49

Amazon S3: $5.31 – I use this to host images, bonuses, and videos

Schedule Once: $5

Vault Press: $5 – A quick and easy tool that I use to backup my website

Jvzoo seller fees: $4.25

Total expenses: $3,819.72 (-$10,601.08 spent compared to April)

Revenue

Real Specific: $2,350.25 from review and interview with Shane Brooks

WP GDPR Fix: $2,081.59 from review and interview with Cyril Gupta

GDPR Pro: $1,937.50 from review and interview with Nick Ponte

WP Auto Content: $1,824.97 from review and interview with Ankur Shukla

Madsense Reborn 2.0: $1,633.93 from review and interview with Abdullah Asharaf

EZ Magic Video: $1,378.09 from review and interview with Matt Bush

Sellin Messenger: $1,293.34 from review and interview with Jay Sharma

X Ranker 360: $1,129.47 from review and interview with Joshua Zamora

Videosly: $1,068.22 from review and interview with Sam Bakker

Paytrix: $1,043.31 from review and interview with Jono Armstrong

PixelModo: $939 from review and interview with Neil Napier

Riserr: $927.07 from review and interview with Art Flair

Viddyoze 3.0: $924.40 from review and interview with Joey Xoto

Rank Me: $693.56 from review and interview with Radu Hahaianu

Webinar Jeo: $386.10 from review and interview with Walt Bayliss

Theme Maker: $330 from review and interview with Mikey Formby

Viddictive 2.0: $257.78 from review and interview with Mario Brown

Thrive Leads: $246.50 from review and interview with Shane Melaugh

Traffic Victory: $183.09 from review and interview with Marc Gray

Storie: $167.80 from review and interview with Mario Brown

Traffic Trigger 2.0: $139.03 from review and interview with Art Flair

LetMailbox: $134 from review and interview with Vipul Garg

Video Robot: $119.44 from review and interview with Todd Gross

Vid Builder FX: $87.50 from review and interview with Abhi Dwivedi

Designo Pro 2.0: $75.50 from review and interview with Todd Gross

Ascend Pages: $74.50 from review and interview with Andrew Darius

PBN Builder: $69 from review and interview with Joshua Zamora

AdReel: $66.60 from review and interview with Ryan Phillips

Easy VSL 2.0: $65 from review and interview with Mark Thompson

Viral Autobots: $51.50 from review and interview with Luke Maguire

XLeads360: $48.03 from review and interview with Adrian Isfan

5 Minute Niche Money Sites: $46.45 from review and interview with Andy Brocklehurst

Affiliate Funnel Clones: $42 from review and interview with Alan Magliocca

IM Checklist Volume 5: Video Marketing: $36.65 from review and interview with Kevin Fahey

Shopabot: $36.43 from review and interview with Cindy Donovan

Repwarn reseller : $33.50 from review and interview with Walt Bayliss

eCompare: $33.50 from review and interview with Mark Bishop

Drop Mock Video: $29.60 from review and interview with Lee Pennington

Tube Sync: $29.10 from review and interview with Abhi Dwivedi

Convertri 2017: $29.10 from review and interview with Andy Fletcher

vRankerPro: $28.20 from review and interview with Andy Black

Commissionology: $27 from review and interview with Michael Cheney

Instant Spokesperson: $24.50 from review

Video Traffic X (CLOSED): $23.50 from review and interview with Walt Bayliss

InstaSuite (CLOSED): $23.50 from webinar with Neil Napier

InstaEasy: $22 from review and interview with Luke Maguire

Easy Links: $19.50 from review and interview with Karthik Ramani

Promoyze: $18.58 from review and interview with Andrew Darius

Viral Loop: $18.50 from review and interview with Cindy Donovan

Social Traffic Jacker (CLOSED): $18.50 from review and interview with Tony Hayes

Bing Bang Profits: $18.50 from review and interview with Demetris Papadopolous

eCom Pages: $16.45 from review and interview with Mo Aguel

Credi Response: $14.94 from review and interview with Cryil “Jeet” Gupta

Affiliate Traffic Lab: $13.98 from review and interview with Glynn Kosky

Vidgeos: $13.50 from review and interview with Josh Ratta

Press Play 2.0: $13.50 from review and interview with Mark Thompson

Videlligence: $12 from review and interview with Mario Brown

Printly 2.0: $11.62 from review and interview with Ike Paz

Jvzoo Academy: $11.10 from review and interview with Sam Bakker

Ad Buddy: $11.10 from review and interview with Tom Yevsikov

HydraVid (CLOSED): $9.98 from review and interview with Walt Bayliss

Auto Soci: $9.98 from review and interview with Brett Ingram

Live Caster: $9.96 from review and interview with Cyril Gupta

Vid Skippy 2.0: $8.99 from review and interview with Mark Bishop

Pimpr: $8.58 from review and interview with Mark Bishop

Webinar X: $5.99 from review and interview with Neil Napier

Discover: $5.99 from review and interview with Walt Bayliss

Smarketly: $5.95 from review and interview with Simon Sela

Total revenue from interviews and reviews: $22,468.29 (+$8,145.96 from April)

IM Insider costs: $882 – Brett’s share of our costs to set up our IM Insider membership

Social Robot JV commission: $712.35 – This my cut from a launch I did with Joshua Zamora in early 2015

MyMailit: $309.52 – My earnings from our MyMailit launch

Profit Canvas Unlimited: $133.57  – My commission from a private webinar Brett Rutecky and I did

Hijax: $126.13 – My earnings from a launch I did with Brett Rutecky in February, 2018

Affiliate Income Secrets: $85 – My product teaching how I make money from affiliate marketing

Google Adsense: $71.57 – Earnings from Youtube and Adsense

Autonars: $69.10 – My earnings from a launch I did with Brett Rutecky in June, 2017

Mail It: $56.63 – My earnings from a launch I did in August, 2016 with Brett Rutecky

Resell Rights Weekly: $41.91 – This is a website that has a ton of products that you can use as your own

Insta Funnel agency: $36.87 – My earnings from a webinar I did with Brett

Group Traffic Profits: $27.92 – My earnings from a launch I did in December, 2016 with Brett Rutecky

Keyword Suggestions JV commission: $17.44 – This is my cut from a launch I did with Radu in September, 2015

Social Traffic System: $9.75 – My earnings from a launch I did with Brett Rutecky in September, 2017

Total from OTHER streams of income:  $2,579.76  (-$98,835.06 from April)

Total Revenue: $25,048.05 (-$92,491.85 from April)

This is just a catch-up income report.