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 July, 2020
2,999 page views (-1,392 from June)
5,500 Youtube channel views (-3,300 from June)
388 Youtube hours watched (-177 from June)
Email subscribers: 6,342 (-94 subscribers from June)
Expenses
Recurring payment: $1,947 – Brett’s share of our monthly recurring income from various programs
Webinar: $1,585 - Brett's share of a webinar we did
Misc payment: $970- Paid to Brett for a payment that was sent to me
Letsmail copy: $600 - The cost to get our sales copy outsourced
Apple Care: $129 - I insured my iPad Pro
Convert Kit: $119 – This is the current autoresponder that I’m using
inCorp: $59 – My registered agent for my business
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
WP Engine: $30 – My new awesome, fast hosting company for this website
Zapier: $25.64 - I use this to automate some parts of my business
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
Amazon S3: $10.18 – I use this to host images, bonuses, and videos
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
Schedule Once: $5 – This is what I use to schedule my coaching calls
Total expenses: $5,730.52 (+$1,079.04 spent compared to June)
Revenue
Synthesys: $2,169.90 from bonus page
Leads Gorilla: $694.90 from bonus page
My Traffic Jacker 2.0: $619.04 from bonus page
Create Studio: $415.60 from bonus page
Funnelvio: $413.50 from bonus page
Octopus Revolution: $207.70 from bonus page
Marketpresso 2.0: $154.50 from bonus page
Tube Rank Machine 2.0: $134.78 from review and interview with Ankur Shukla
Video Ads Crash Course 2.0: $74.25 from review and interview with Justin Sardi
Mapify 360: $62.89 from review and interview with Adrian Isfan
Lead App: $47 from review and interview with Chad Nicely
Fusion by Dropmock: $46.70 from review and interview with Jamie Ohler
Equinox: $46.28 from review and interview with Jono Armstrong
Viddyoze 3.0: $44.40 from review and interview with Joey Xoto
Clipmagix: $39.48 from Jvzoo cookie
Tv Boss Fire: $38.69 from review and interview with Craig Crawford
Ascend Pages (CLOSED): $33 from review and interview with Andrew Darius
Easy VSL 2.0: $30 from review and interview with Mark Thompson
Convertri 2017: $29.10 from review and interview with Andy Fletcher
Cloud Funnels: $24.98 from bonus page
AdReel: $22.20 from review and interview with Ryan Phillips
Clipman AI: $18.50 from review and interview with Brad Stephens
Vidgeos: $13.50 from review and interview with Josh Ratta
Press Play 2.0: $13.50 from review and interview with Mark Thompson
Viral Reel: $12.95 from review and interview with Abhi Dwivedi
Jvzoo Academy: $11.10 from review and interview with Sam Bakker
HydraVid (CLOSED): $9.98 from review and interview with Walt Baylis
Social Kickstart: $8.50 from review and interview with Mark Thompson
Kaptiwa 2.0: $8.10 from review and interview with Dr. Amit Pareek
MobiFirst: $5.65 from review and interview with Scotty Carter
Total revenue from interviews and reviews: $5,450.67 (-$5,271.99 from June)
Webinar: $3,170 - Webinar Brett and I did selling our KLT program
Recurring income with Brett: $3,894 – This is my recurring commissions before paying Brett half
Commission: $1,000 - Payment that I sent on to Brett
Product revenue: $317.50 – Revenue from various products (minutes affiliates payments)
Google Adsense: $133.47 – Earnings from Youtube
Resell Rights Weekly: $41.91 – This is a website that has a ton of products that you can use as your own
Total from OTHER streams of income: $8,556.88 (+$3,878.11 from June)
Total Revenue: $14,007.55 (-$1,393.88 from June)