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 June, 2019
6,143 page views (-2,460 from May)
10,024 Youtube channel views (-2,598 from May)
43,208 Youtube minutes watched (-8,943 from May)
Email subscribers: 11,208 (-55 subscribers from May)
Expenses
Coaching fulfillment costs: $2,445.90 – These are costs for maintaining coaching program
Accountant: $750 – Cost to have my tax return filed for 2018
Graphics: $700 – Sales page for Textly launch
Overpayment: $408 – I paid my partner for commissions that were overpaid
Convert Kit: $149 – I’ve been using this as my autoresponder
Aweber: $130 – This is my backup autoresponder
Zapier: $129 – An amazing tool for automating your business
Godaddy: $91.53 – Renewing a domain name
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
Docusign: $40 – This is what we use for contracts for coaching students
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
Schedule Once: $19 – This is what I use to schedule my coaching calls
Wufoo: $19 – This is the form we use for coaching applications
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
Amazon S3: $4.11 – I use this to host images, bonuses, and videos
Total expenses: $5,133.24 (-$93.62 spent compared to May)
Revenue
News Profix Pro: $1,438.60 from review and interview with Mosh Bari
MobiFirst: $1,206.17 from review and interview with Scotty Carter
Animaytor: $1,068.98 from review
WP Auto Commissions: $908.39 from review and interview with Ankur Shukla
Digi Product Lab: $644.35 from review and interview with Glynn Kosky
Content Gorilla: $435 from review
Revyoo: $378.99 from review and interview with Prady Niwaskar
Viral Reel: $263.52 from review and interview with Abhi Dwivedi
1-Click Affiliate Site: $221 from review and interview with Ankur Shukla
Tv Boss Fire: $161.65 from review and interview with Craig Crawford
Engager Mate: $142 from review
WP Affiliate Machine: $114.75 from review and interview with Ankur Shukla
MeetZippy: $79.52 from review and interview with Jonathan Oshevire
Aurora: $79.28 from review and interview with Jono Armstrong
Fusion by Dropmock: $71.60 from review and interview with Jamie Ohler
Viddyoze 3.0: $70.30 from review and interview with Joey Xoto
Thrive Leads: $61.75 from review and interview with Shane Melaugh
Stealthd: $58.56 from review and interview with Jono Armstrong
Sendiio: $57.30 from review and interview with Joshua Zamora
Trendds: $56.67 from review and interview with Mark Bishop
1oxHostings: $48.60 from review and interview with Ankit Mehta
Moto Theme 3.0: $47 from review and interview with Vivek Gour
Ascend Pages (CLOSED): $46.50 from review and interview with Andrew Darius
ChatterPal: $44.48 from review and interview with Paul Ponna
Easy VSL 2.0: $40 from review and interview with Mark Thompson
Mapify 360: $37.92 from review and interview with Adrian Isfan
Adscrisp: $30.82 from review and interview with Saurabh Bhatnagar
Convertri 2017: $29.10 from review and interview with Andy Fletcher
Mail Engine: $23.48 from review and interview with Cyril Gupta
Insta-Storie 2.0: $22.60 from review and interview with Mario Brown
Real Specific: $18.50 from review and interview with Shane Brooks
Flipp Me: $16.84 from review and interview with Art Flair
eCom Pages: $16.45 from review and interview with Mo Aguel
WP Link Shield: $14.10 from review and interview with Chris Hitman
Vidgeos: $13.50 from review and interview with Josh Ratta
Commissionology: $13.50 from review and interview with Michael Cheney
Animation Studio: $13.50 from review and interview with Todd Gross
Press Play 2.0: $13.50 from review and interview with Mark Thompson
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
Webinar X: $5.99 from review and interview with Neil Napier
Total revenue from interviews and reviews: $8,041.83 (-$1,885.20 from May)
MyDFY: $8,275.23 – My earnings from a webinar I did with Brett
IM Insider: $2,677.37 – My earnings from our monthly coaching program
Profit Canvas Unlimited: $429.76 – My commission from a private webinar Brett Rutecky and I did
Vidyz: $362.51 – My earnings from a launch I did with Brett Rutecky
Growth Commander: $300 – My earnings from a webinar we did with Stefan Ciancio
CTA Bots: $151.36 – My earnings from our CTA Bots launch
Members Kit: $86.55 – My earnings from a launch I did with Brett Rutecky
MyMailit: $75.23 – My earnings from our MyMailit launch in April, 2018
Google Adsense: $47.81 – Earnings from Youtube and Adsense
Social Robot JV commission: $28.40 – This my cut from a launch I did with Joshua Zamora in early 2015
Resell Rights Weekly: $27.94 – This is a website that has a ton of products that you can use as your own
Re-Engager: $25.34 – My earnings from a launch I did with Brett Rutecky and Tim Verdouw
Autonars: $12.29 – 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
Total from OTHER streams of income: $12,512.08 (-$3,918.47 from May)
Total Revenue: $20,553.91 (-$5,803.67 from May)