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 August, 2019
7,829 page views (+1,306 from July)
8,350 Youtube channel views (-1,380 from July)
34,745 Youtube minutes watched (-10,080 from July)
Email subscribers: 11,506 (-243 subscribers from July)
Expenses
Recurring Income: $3,828 – Brett’s share of recurring commissions
Coaching commissions: $2,719 – Brett’s share of coaching commissions
Coaching fulfillment costs: $562 – These are costs for maintaining coaching program
Convert Kit: $149 – I’ve been using this as my autoresponder
Aweber: $130 – This is my backup autoresponder
Zapier: $125 – An amazing tool for automating your business
Screencast: $99.95 – A screen capturing service I use paid annually
ZenDesk: $50 – Brett and I use this for our help desk for our launches
Internet: $50 – This is what I pay for my fiber Internet in Turkey
Gusto: $45 – This is the company I use for my SCORP payroll
ManyChat: $25 – 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
Godaddy: $18.17 – Renewed a domain name
Click Magick: $17 – I use this to track clicks
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
Schedule Once: $5 – This is what I use to schedule my coaching calls
Amazon S3: $3.64 – I use this to host images, bonuses, and videos
TinyPNG: $3.38
Total expenses: $7,890.84 (-$4,924.87 spent compared to July)
Revenue
Lead App: $1,808.50 from review and interview with Chad Nicely
AdvertSuite: $1,464.50 from review and interview with Luke Maguire
Botstar: $1,384.50 from review and interview with Mo Miah
CB Automator: $985.11 from review and interview with Ankur Shukla
Vid Chomper: $632.40 from review and interview with Brendan Mace
InstaZign: $551.34 from review and interview with Brett Ingram
DFY Suite: $512.22 from review and interview with Joshua Zamora
Stock Nation 2.0: $445.50 from review and interview with Gaurav Madaan
Digi Funnel Lab: $290.92 from review and interview with Glynn Kosky
iPassive: $189.38 from review and interview with Mark Furniss
Kartel: $160.61 from review and interview with Jono Armstrong
Eclipse: $108.18 from review and interview with Jono Armstrong
Tv Boss Fire: $100.76 from review and interview with Craig Crawford
Boost Optin: $98.08 from review and interview with Eric Hammer
Tube Rank Machine 2.0: $93.22 from review and interview with Ankur Shukla
Kickass Tuber: $92 from review and interview with Angel Corman
Viddyoze 3.0: $70.30 from review and interview with Joey Xoto
Fusion by Dropmock: $66.20 from review and interview with Jamie Ohler
Ascend Pages (CLOSED): $46.50 from review and interview with Andrew Darius
WP Affiliate Machine: $42.18 from review and interview with Ankur Shukla
Site Contact: $41.98 from review and interview with Cyril Gupta
Easy VSL 2.0: $40 from review and interview with Mark Thompson
1-Click Affiliate Site: $38.88 from review and interview with Ankur Shukla
Traffic Magic: $34.69 from review and interview with Art Flair
MobiFirst: $34.48 from review and interview with Scotty Carter
Convertri 2017: $29.10 from review and interview with Andy Fletcher
Video Marketing Blaster: $23.50 from review and interview with Ali G.
AdReel: $22.20 from review and interview with Ryan Phillips
Theme Maker: $20.10 from review and interview with Mikey Formby
Thrive Leads: $18.50 from review and interview with Shane Melaugh
Real Specific: $18.50 from review and interview with Shane Brooks
Content Gorilla: $18.50 from review
eCom Pages: $16.45 from review and interview with Mo Aguel
Vidgeos: $13.50 from review and interview with Josh Ratta
Press Play 2.0: $13.50 from review and interview with Mark Thompson
Commission Funnels: $12.49 from review and interview with Glynn Kosky
News Profix Pro: $11.92 from review and interview with Mosh Bari
Jvzoo Academy: $11.10 from review and interview with Sam Bakker
HydraVid (CLOSED): $9.98 from review and interview with Walt Bayliss
Shopabot: $5.99 from review and interview with Cindy Donovan
Thumbnail Blaster: $4.10 from review and interview with Stoica
Total revenue from interviews and reviews: $9,581.86 (+$2,663.21 from July)
Recurring income with Brett: $7,656 – This is my cut from our recurring commissions
Google Adsense: $51.33 – Earnings from Youtube and Adsense
Resell Rights Weekly: $27.94 – This is a website that has a ton of products that you can use as your own
Social Robot JV commission: $9.71 – This my cut from a launch I did with Joshua Zamora in early 2015
Total from OTHER streams of income: $7,744.98 (-$20,521.36 from July)
Total Revenue: $17,326.84 (-$17,858.15 from July)