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 January, 2019
8,154 page views (-424 from December)
15,065 Youtube channel views (-3,466 from December)
69,096 Youtube minutes watched (-26,421 from December)
Email subscribers: 10,267 (+116 subscribers from December)
Expenses
Coaching difference: $875 – Paid Brett for an overpayment in coaching
Vidyz Sales page graphics: $684 – We got a new graphics designer for our Vidyz launch
Convert Kit: $179 – I’ve been using this as my autoresponder
Aweber: $130 – This is my backup autoresponder
Zapier: $75 – An amazing tool for automating your business
Facebook ads: $56.65 – 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
Docusign: $40 – This is what we use for contracts for coaching students
SSL Certificate for Profit Canvas: $39.99
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.
Vault Press: $5 – A quick and easy tool that I use to backup my website
Amazon S3: $4.80 – I use this to host images, bonuses, and videos
Total expenses: $2,378.14 (-$4,951.60 spent compared to December)
Revenue
WP Affiliate Machine: $1,185.82 from review and interview with Ankur Shukla
Mapify 360: $1,096.78 from review and interview with Adrian Isfan
Interactr Local: $1,028 from review and interview with Jamie Ohler
Azon Video Maker: $880.30 from review and interview with Ankur Shukla
Ultra Suite Theme: $474.50 from review and interview with Vivek Gour
Storymate: $765 from review and interview with Luke Maguire
Contenu: $629.28 from review and interview with Mark Bishop
Proximity: $282.45 from review and interview with Anthony Mancuso
Page Builder Pro: $145.50 from review and interview with Mario Brown
Sociible: $126.45 from review and interview with Joshua Zamora
Fusion by Dropmock: $119.30 from review and interview with Jamie Ohler
Ascend Pages: $109.50 from review and interview with Andrew Darius
AudioFlow: $92.50 from review and interview with Josh Ratta
Viddyoze 3.0: $70.30 from review and interview with Joey Xoto
Recastly: $58.20 from review and interview with Sam Bakker
Easy VSL 2.0: $55 from review and interview with Mark Thompson
Real Specific: $39.50 from review and interview with Shane Brooks
AdReel: $33.30 from review and interview with Ryan Phillips
Convertri 2017: $29.10 from review and interview with Andy Fletcher
VidInflux: $29.10 from review and interview with Tom Yevsikov
Instant Spokesperson: $24.50 from review
Video Traffic X (CLOSED): $23.50 from review and interview with Walt Bayliss
Insta-Storie 2.0: $22.60 from review and interview with Mario Brown
Press Play 2.0: $22 from review and interview with Mark Thompson
Jvzoo Member: $20.35 from review and interview with Simon Harries
0 to 100 in 24 Hours – $19.57 from review
Click MSG: $18.50 from review and interview with Brad Stephens
eCom Pages: $16.45 from review and interview with Mo Aguel
Blox: $15.18 from review and interview with Mark Bishop
Vidgeos: $13.50 from review and interview with Josh Ratta
Commissionology: $13.50 from review and interview with Michael Cheney
vRankerPro: $13.50 from review and interview with Andy Black
Tube Sync: $12.95 from review and interview with Abhi Dwivedi
Arbitrage Underdog 5.0: $12.92 from review and interview with Tom E.
CPA Pirate: $11.76 from review and interview with Pallab Ghosal
Jvzoo Academy: $11.10 from review and interview with Sam Bakker
HydraVid (CLOSED): $9.98 from review and interview with Walt Bayliss
EZ Magic Video: $9.98 from review and interview with Matt Bush
Live Caster 3.0: $9.96 from review and interview with Cyril Gupta
Credi Response: $9.96 from review and interview with Cryil “Jeet” Gupta
Vid Skippy 2.0: $8.99 from review and interview with Mark Bishop
Kickass Tuber: $8.50 from review and interview with Angel Corman
Video Sumo: $8.38 from review and interview with Mark Bishop
Xmails: $8.10 from review and interview with Jai Sharma
Webinar X: $5.99 from review and interview with Neil Napier
Shopabot: $5.99 from review and interview with Cindy Donovan
Smarketly: $5.95 from review and interview with Simon Sela
Total revenue from interviews and reviews: $7,613.54 (-$1,780.60 from December)
Coaching: $14,250 – My earnings from our coaching program teaching affiliate marketing
IM Insider: $3,811.24 – My earnings from our monthly coaching program
Million Dollar Shortcut: $480.20 – This is my cut from a launch Brett and I did in July, 2018
MyMailit: $150.74 – My earnings from our MyMailit launch in April, 2018
Members Kit: $122.76 – My earnings from a launch I did with Brett Rutecky
Mail It: $75.38 – My earnings from a launch I did in August, 2016 with Brett Rutecky
Google Adsense: $66.61 – Earnings from Youtube and Adsense
Resell Rights Weekly: $41.91 – This is a website that has a ton of products that you can use as your own
Value Deliver: $31.25 – My earnings from a launch I did with Brett Rutecky
Social Traffic System: $26.55 – My earnings from a launch I did with Brett Rutecky in September, 2017
Review Wizard: $24.53 – My earnings from a launch Brett and I did in February, 2017
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
Autonars: $19.55 – My earnings from a launch I did with Brett Rutecky in June, 2017
Insta Funnel agency: $12.29 – My earnings from a webinar I did with Brett
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: $19,161.94 (-$1,629.07 from December)
Total Revenue: $26,775.48 (-$3,409.67 from December)