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 October, 2018
8,376 page views (+773 from September)
19,420 Youtube channel views (+1,382 from September)
103,253 Youtube minutes watched (+4,036 from September)
Email subscribers: 18,117 (+994 subscribers from September)
Expenses
Launch prizes: $2,500 – Prizes paid to affiliates who promoted Value Deliver
Plane ticket: $723 – My plane ticket to the marketing event in Portual
Sales graphics: $550 – We paid Justin Opay for graphics for our Value Deliver launch
Event hotel: $302.27 – This is the hotel I stayed at in Portugal
Taxis for event: $240
Convert Kit: $179 – I’ve been using this out as my autoresponder
Aweber: $130 – This is my backup autoresponder
Food and drink at event: $80
Zapier: $75 – An amazing tool for automating your business
Facebook ads: $63.79 – I’ve been experimenting with FB ads on my JV promos, doing giveaways of IM products, and testing other niches
ManyChat: $50 – A service that I use to build a Facebook messenger list
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
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
Schedule Once: $19 – This is what I use to schedule my coaching calls
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.
Amazon S3: $5.59 – I use this to host images, bonuses, and videos
Vault Press: $5 – A quick and easy tool that I use to backup my website
Total expenses: $5,142.35 (-$4,080.24 spent compared to September)
Revenue
Inboxrr: $2,161.50 from review and interview with Luke Maguire
DFY Chief 2.0: $1,253.90 from review and interview with Joshua Zamora
MSG Lock: $1,091.78 from review and interview with Brad Stephens
Velocitii: $1,013.60 from review and interview with Mosh Bari
The Fuego Breakout: $864.48 from review and interview with Jono Armstrong
Link2Vid: $610.45 from review and interview with Mark Bishop
Dropship Selling Academy: $449.50 from review and interview with Devid Ferah
InstaEasy: $173.50 from review and interview with Luke Maguire
Smart Affiliate Stores: $150 from review and interview with Dan Ashendorf
Fusion by Dropmock: $117.20 from review and interview with Jamie Ohler
Easy Links: $101.50 from review and interview with Karthik Ramani
Webby Vid: $100.50 from review and interview with Radu Hahaianu
Video Sumo: $83.81 from review and interview with Mark Bishop
Arbitrage Underdog 5.0: $80.52 from review and interview with Tom E.
Viddyoze 3.0: $70.30 from review and interview with Joey Xoto
Channel Authority Builder: $68.42 from review and interview with Cyril Gupta
Easy VSL 2.0: $65 from review and interview with Mark Thompson
Ascend Pages: $61 from review and interview with Andrew Darius
Animation Studio: $57 from review and interview with Todd Gross
Video Robot: $54.48 from review and interview with Todd Gross
Email Toolkit: $50.29 from review and interview with Ankur Shukla
Sinfiltrator: $48.50 from review and interview with Stephen Gilbert
AdReel: $44.40 from review and interview with Ryan Phillips
CPA Pirate: $41.62 from review and interview with Pallab Ghosal
Real Specific: $39.50 from review and interview with Shane Brooks
Insta-Storie 2.0: $37.80 from review and interview with Mario Brown
Live Event Blaster 2.0: $35.46 from review and interview with Stoica
Video Ads Traffic: $33.50 from review and interview with Adam Payne
Blistering: $29.19 from review and interview with Mosh Bari
Convertri 2017: $29.10 from review and interview with Andy Fletcher
XLeads360: $28.20 from review and interview with Adrian Isfan
Instant Spokesperson: $24.50 from review
Video Traffic X (CLOSED): $23.50 from review and interview with Walt Bayliss
eCover Authority: $23.50 from review and interview with Chad Eljisir
Thrive Leads: $22.50 from review and interview with Shane Melaugh
Press Play 2.0: $22 from review and interview with Mark Thompson
Jvzoo Member: $20.35 from review and interview with Simon Harries
The Lost Code: $19.58 from review and interview with Brendan Mace
Social Traffic Jacker (CLOSED): $18.50 from review and interview with Tony Hayes
Awis 2.0: $18.48 from review and interview with Craig Crawford
Kickass Tuber: $18 from review and interview with Angel Corman
Shopabot: $17.97 from review and interview with Cindy Donovan
eCom Pages: $16.45 from review and interview with Mo Aguel
Vidgeos: $13.50 from review and interview with Josh Ratta
Commissionology: $13.50 from review and interview with Michael Cheney
Insta-Minator: $13.50 from review and interview with Mosh Bari
Designo Pro: $13.48 from review and interview with Todd Gross
Barter Profits for Cash Confidential: $12.13 from review and interview with John Shea
HydraVid (CLOSED): $9.98 from review and interview with Walt Bayliss
EZ Magic Video: $9.98 from review and interview with Matt Bush
Vid Skippy 2.0: $8.99 from review and interview with Mark Bishop
Flipp Me: $8.69 from review and interview with Art Flair
IM Checklist Volume 5: Video Marketing: $8.50 from review and interview with Kevin Fahey
Traffic Revival: $8.50 from review and interview with Ike Paz
UltraVid: $8.47 from review and interview with Radu Hahaianu
Affiliate Raid: $8.10 from review and interview with Richard Fairborn
Webinar X: $5.99 from review and interview with Neil Napier
Smarketly: $5.95 from review and interview with Simon Sela
Total revenue from interviews and reviews: $9,804.26 (-$16,354.23 from September)
Value Deliver: $11,051.06 – My earnings from a launch I did with Brett Rutecky
IM Insider: $3,906.85 – My earnings from our monthly coaching program
Launch costs: $2,125 – Brett sent me his share of our Value Deliver launch costs
Million Dollar Shortcut: $724.21 – This is my cut from a launch Brett and I did this month
Coaching: $500 – My earnings from our coaching program teaching software creation and launching
MyMailit: $234.49 – My earnings from our MyMailit launch in April, 2018
Affiliate Income Secrets: $158 – My product teaching how I make money from affiliate marketing
Google Adsense: $64.76 – Earnings from Youtube and Adsense
Resell Rights Weekly: $55.88 – This is a website that has a ton of products that you can use as your own
Autonars: $43 – My earnings from a launch I did with Brett Rutecky in June, 2017
Mail It: $30.71 – My earnings from a launch I did in August, 2016 with Brett Rutecky
Social Robot JV commission: $23.01 – This my cut from a launch I did with Joshua Zamora in early 2015
Profit Canvas Unlimited: $21.50 – My commission from a private webinar Brett Rutecky and I did
Insta Funnel agency: $12.29 – My earnings from a webinar I did with Brett
Hijax: $9.75 – My earnings from a launch I did with Brett Rutecky in February, 2018
Review Wizard: $7.64 – My earnings from a launch Brett and I did in February, 2017
Keyword Suggestions JV commission: $4.42 – This is my cut from a launch I did with Radu in September, 2015
Total from OTHER streams of income: $18,972.57 (+$13,067.14 from September)
Total Revenue: $28,776.83 (-$3,287.09 from September)