Every month I publish an income report…why? Good question 🙂
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.
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.
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 February, 2020
5,872 page views (-13 from January)
10,628 Youtube channel views (-1,265 from January)
853 Youtube hours watched (+39 from January)
Email subscribers: 8,357 (-201 subscribers from January)
Recurring Commissions: $2,284 – Brett’s share of recurring commissions
Virtual assistant: $800 – I have an assistant help with all my promotions, including copywriting, scheduling, and posting.
Convert Kit: $149 – This is the current autoresponder that I’m using
Aweber: $50 – This is my backup autoresponder
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
Resell Rights Weekly: $19.95 – Reoccurring membership fee for the bonuses I add from my interviews and reviews
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: $4.93 – I use this to host images, bonuses, and videos
Total expenses: $3,498.63 (-$2,946.02 spent compared to January)
Total revenue from interviews and reviews: $5,469.14 (-$1,495.90 from January)
Recurring income with Brett: $4,568 – This is my recurring commissions before paying Brett half
Google Adsense: $121.50 – Earnings from Youtube
Resell Rights Weekly: $55.88 – This is a website that has a ton of products that you can use as your own
Social Robot JV commission: $8.34 – This my cut from a launch I did with Joshua Zamora in early 2015
Total from OTHER streams of income: $4,753.72 (-$6,239.23 from January)
Total Revenue: $10,222.86 (-$7,735.13 from January)