Income Report for January, 2015 – $30,000 WITHOUT launching a product!
64,262 page views (+20,578 from December)
24,263 Youtube channel views (+5,253 from December)
181,882 minutes watched (+45,718 from December)
Aweber subscribers: 6,472 (+110 subscribers from December)
GetResponse subscribers: 5,155 (+339 subscriber from December)
Total email list subscribers: 11,627
GetResponse: $125.50 – This is the autoresponder I use for my buyer’s list and solo ads
Aweber: $69 – This is my list building software that allows me to email everyone when there’s a new interview
Bing Ads: $56.65
TimerLay: $39.95 – A fantastic tool for adding scarcity to your sales pages
oDesk Virtual Assistants: $33.67 – I have some workers helping me with daily tasks that don’t need me. I’m trying to outsource more and more daily.
Traffic Planet Hosting: $24.99 – The hosting account that I recently switched to. It’s super fast and I’m very happy with it.
Skype: $19.99 for premium
Resell Rights Weekly: $19.95 – Reoccurring membership fee for the bonuses I add from my interviews and reviews
Schedule Once: $19
Amazon S3: $12.82
Facebook ads: $11.51 – Ad money spent for FB list building
Total expenses: $651.98 (-$318.09 compared to December)
Arbitrage Autopilot Profits (CLOSED): $43.89 from review and interview with Zak Loveday
Solo Ad Business Blueprint (CLOSED): $22.94 from interview with Kate Rosenberg
Inner Circle Solo Ads 3.0 (CLOSED): $19.13 from interview with Rob Stafford
Long Tail Pro: $7.60 from interview with Spencer Haws
Total revenue from interviews: $28,487.18 (+$12,122.61 from December)
Affiliate Income Secrets: $1,672.98 – My product teaching how I make money from affiliate marketing
Domain sale: $900 – I sold a domain name that I bought for $100 in 2006
Resell Rights Weekly: $57.28 – This is a website that has a ton of products that you can use as your own
Misc income: $44.14
Kindle earnings: $31.05
Total from OTHER streams of income: $2,705.45 (+$1,188.97 from December)
Total Revenue: $31,192.63 (+$13,311.58 from December)
Total Profit: $30,540.65 (+$13,629.67 from December)
The first month of 2015 went extremely well. It was my second best month ever, but that’s compared to November when I did a product launch. So, as far as “business as usual” with my income primarily coming from affiliate commissions, it was VERY good 🙂
However, I’m writing this from the end of February (which was also a good month) so I won’t pretend as if we’re just entering the new year. We’re already two months in, and I’m on course to do $240-$300,000 this year in profits…which is pretty amazing.
You’re In A Race With YOURSELF…not OTHERS
In a recent interview with Tim Castleman, we discussed how you shouldn’t compare yourself to other people in your niche, as there is ALWAYS someone doing better than you. Plus, you don’t really know what kind of business they’re running, what kind of expenses they have, and the lifestyle that their business gives them. Sure, you could have a huge team working for you, but is that something that you REALLY want? If it is, fantastic, but you should consider the lifestyle you want first.
The best way to measure yourself is to compare your profits to the previous year. Looking back to January 2014, at the time that was my BEST month in over a year…and I made $4,641.10 …this month I made $30,540.65, therefore I increased my income from last January by 558%. I’d say that’s pretty good.
Update On My Goals for 2015
Last month I wrote out my goals for this year. Here’s an update on how they’re going:
1. Be easily making $50,000 per month by December, 2015.
I’m closer to that goal. I hit $30,000 for the first time WITHOUT doing a product launch. I still feel like hitting $30,000 isn’t easy, so hopefully by the end of July I’ll EASILY be in the late $30,000s to early $40,000s per month.
I say “hopefully”, but I know it’s going to take a lot of work to get there. I’m willing to take some hits on income in early 2015 to test out paid traffic with solo ads and Facebook in order to hit my goals at the end of the year.
2. Build my email list to 100,000 subscribers.
The only way I’ll be able to do this is by using paid traffic. My total subscribers increased by 449 in January, so it’s going to take more than what I’m currently doing to hit that number. But I’m GOING to hit it. I’ve found a guy who specializes in building lists on Facebook. He charges $1 per lead plus ad spend, so if I want to add 90,000 subscribers it’s going to cost from $135,000 to $180,000. My plan is to test him out and see what results he can get…if he does well I’ll share him with you.
I know that it might sound like a lot to spend, but if I make $300,000 this year, I’ll be paying $80,000-$150,000 just in taxes…so why not spend it instead on building my business?
3. Buy an apartment and pay it off in full.
This is something that we’ve been looking into…but still haven’t bought it yet. The problem with buying a house is that you lose your liquid assets. It’s a scary step, but I’m ready for it.
4. Have at least $100,000 in liquid assets (savings) by December, 2015.
I currently have this in the bank, however my goal is to have both goal #3 AND #4.
5. Write and publish a Kindle book in my name
This is one of those things that I’m planning on doing as a lead generator. I’ll most likely do this towards the end of the year when I have more time to write.
6. Outsource and publish 100 Kindle books as an alternative income source
I’m not sure if this is actually going to happen. I don’t want to just put out a bunch of crappy books. I’d like to outsource the whole thing and create a factory of Kindle books.
7. Spend $10,000 on solo ads, document the results, and launch it as a product (would you buy it?)
I would be doing this now if I wasn’t saving to pay for my first apartment. It’s looking like I won’t be able to do this until mid to late 2015.
8. Set up an auto-webinar sequence to funnel in leads from Facebook
I purchased Easy Webinar so I can set this up. In order to really do this I’ll need to have an ad budget to spend from Facebook…and again, finances are holding me back.
You Have to SPEND Money to Make Money
I love free traffic, and I’ve gotten a ton of it from Youtube videos, natural SEO traffic, Facebook, affiliates, and backend bonuses. However, I know the REAL magic will happen once I start putting money back into my business.
I’m currently all set to use a tool called Improvely that will track the sources of ad traffic for affiliate commissions and my own products…but I can’t test it yet because I don’t have the budget to go all in. I’m at a point where my PERSONAL budget is holding back my PROFESSIONAL one.
So that’s it for January. I’m headed in the right direction, and if I can just get a little bit of money to “play” with so I can test different lead generation methods out I think I’ll really be able to ramp up my business by the end of 2015.
Don’t tell my wife this, but I’m even considering spending a whole month’s income on PURPOSE just to see how it affects my following months. Now I know THAT would be interesting to watch 🙂
Here are a couple pictures from January: