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 May, 2018
12,910 page views (+3,322 from April)
25,470 Youtube channel views (+1,600 from April)
137,431 Youtube minutes watched (-2,171 from April)
Email subscribers: 20,426 (-334 subscribers from April)
Expenses
Sales Copy: $1,000 – Our payment to our copywriter for our new IM Insider membership site sales copy
Virtual assistant: $800 – I have an assistant help with all my promotions, including copywriting, scheduling, and posting.
GoToWebinar: $725 – Yearly payment for a GoToWebinar account
Sales page graphics: $714.99 – This is how much it cost to get graphics created for the sales page for IM Insider.
Paypal fees: $162.98
Aweber: $130 – This is my list building software that allows me to email everyone when there’s a new interview or review
Internet: $50 – This is what I pay for my fiber Internet in Turkey
ZenDesk: $50 – Brett and I use this for our helpdesk for our launches
Gusto: $45 – This is the company I use for my SCORP payroll
ManyChat: $40 – 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
Wufoo: $19 – This is the form we use for coaching applications
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.
Restream: $7.49
Amazon S3: $5.31 – I use this to host images, bonuses, and videos
Schedule Once: $5
Vault Press: $5 – A quick and easy tool that I use to backup my website
Jvzoo seller fees: $4.25
Total expenses: $3,819.72 (-$10,601.08 spent compared to April)
Revenue
Real Specific: $2,350.25 from review and interview with Shane Brooks
WP GDPR Fix: $2,081.59 from review and interview with Cyril Gupta
GDPR Pro: $1,937.50 from review and interview with Nick Ponte
WP Auto Content: $1,824.97 from review and interview with Ankur Shukla
Madsense Reborn 2.0: $1,633.93 from review and interview with Abdullah Asharaf
EZ Magic Video: $1,378.09 from review and interview with Matt Bush
Sellin Messenger: $1,293.34 from review and interview with Jay Sharma
X Ranker 360: $1,129.47 from review and interview with Joshua Zamora
Videosly: $1,068.22 from review and interview with Sam Bakker
Paytrix: $1,043.31 from review and interview with Jono Armstrong
PixelModo: $939 from review and interview with Neil Napier
Riserr: $927.07 from review and interview with Art Flair
Viddyoze 3.0: $924.40 from review and interview with Joey Xoto
Rank Me: $693.56 from review and interview with Radu Hahaianu
Webinar Jeo: $386.10 from review and interview with Walt Bayliss
Theme Maker: $330 from review and interview with Mikey Formby
Viddictive 2.0: $257.78 from review and interview with Mario Brown
Thrive Leads: $246.50 from review and interview with Shane Melaugh
Traffic Victory: $183.09 from review and interview with Marc Gray
Storie: $167.80 from review and interview with Mario Brown
Traffic Trigger 2.0: $139.03 from review and interview with Art Flair
LetMailbox: $134 from review and interview with Vipul Garg
Video Robot: $119.44 from review and interview with Todd Gross
Vid Builder FX: $87.50 from review and interview with Abhi Dwivedi
Designo Pro 2.0: $75.50 from review and interview with Todd Gross
Ascend Pages: $74.50 from review and interview with Andrew Darius
PBN Builder: $69 from review and interview with Joshua Zamora
AdReel: $66.60 from review and interview with Ryan Phillips
Easy VSL 2.0: $65 from review and interview with Mark Thompson
Viral Autobots: $51.50 from review and interview with Luke Maguire
XLeads360: $48.03 from review and interview with Adrian Isfan
5 Minute Niche Money Sites: $46.45 from review and interview with Andy Brocklehurst
Affiliate Funnel Clones: $42 from review and interview with Alan Magliocca
IM Checklist Volume 5: Video Marketing: $36.65 from review and interview with Kevin Fahey
Shopabot: $36.43 from review and interview with Cindy Donovan
Repwarn reseller : $33.50 from review and interview with Walt Bayliss
eCompare: $33.50 from review and interview with Mark Bishop
Drop Mock Video: $29.60 from review and interview with Lee Pennington
Tube Sync: $29.10 from review and interview with Abhi Dwivedi
Convertri 2017: $29.10 from review and interview with Andy Fletcher
vRankerPro: $28.20 from review and interview with Andy Black
Commissionology: $27 from review and interview with Michael Cheney
Instant Spokesperson: $24.50 from review
Video Traffic X (CLOSED): $23.50 from review and interview with Walt Bayliss
InstaSuite (CLOSED): $23.50 from webinar with Neil Napier
InstaEasy: $22 from review and interview with Luke Maguire
Easy Links: $19.50 from review and interview with Karthik Ramani
Promoyze: $18.58 from review and interview with Andrew Darius
Viral Loop: $18.50 from review and interview with Cindy Donovan
Social Traffic Jacker (CLOSED): $18.50 from review and interview with Tony Hayes
Bing Bang Profits: $18.50 from review and interview with Demetris Papadopolous
eCom Pages: $16.45 from review and interview with Mo Aguel
Credi Response: $14.94 from review and interview with Cryil “Jeet” Gupta
Affiliate Traffic Lab: $13.98 from review and interview with Glynn Kosky
Vidgeos: $13.50 from review and interview with Josh Ratta
Press Play 2.0: $13.50 from review and interview with Mark Thompson
Videlligence: $12 from review and interview with Mario Brown
Printly 2.0: $11.62 from review and interview with Ike Paz
Jvzoo Academy: $11.10 from review and interview with Sam Bakker
Ad Buddy: $11.10 from review and interview with Tom Yevsikov
HydraVid (CLOSED): $9.98 from review and interview with Walt Bayliss
Auto Soci: $9.98 from review and interview with Brett Ingram
Live Caster: $9.96 from review and interview with Cyril Gupta
Vid Skippy 2.0: $8.99 from review and interview with Mark Bishop
Pimpr: $8.58 from review and interview with Mark Bishop
Webinar X: $5.99 from review and interview with Neil Napier
Discover: $5.99 from review and interview with Walt Bayliss
Smarketly: $5.95 from review and interview with Simon Sela
Total revenue from interviews and reviews: $22,468.29 (+$8,145.96 from April)
IM Insider costs: $882 – Brett’s share of our costs to set up our IM Insider membership
Social Robot JV commission: $712.35 – This my cut from a launch I did with Joshua Zamora in early 2015
MyMailit: $309.52 – My earnings from our MyMailit launch
Profit Canvas Unlimited: $133.57 – My commission from a private webinar Brett Rutecky and I did
Hijax: $126.13 – My earnings from a launch I did with Brett Rutecky in February, 2018
Affiliate Income Secrets: $85 – My product teaching how I make money from affiliate marketing
Google Adsense: $71.57 – Earnings from Youtube and Adsense
Autonars: $69.10 – My earnings from a launch I did with Brett Rutecky in June, 2017
Mail It: $56.63 – My earnings from a launch I did in August, 2016 with Brett Rutecky
Resell Rights Weekly: $41.91 – This is a website that has a ton of products that you can use as your own
Insta Funnel agency: $36.87 – My earnings from a webinar I did with Brett
Group Traffic Profits: $27.92 – My earnings from a launch I did in December, 2016 with Brett Rutecky
Keyword Suggestions JV commission: $17.44 – This is my cut from a launch I did with Radu in September, 2015
Social Traffic System: $9.75 – My earnings from a launch I did with Brett Rutecky in September, 2017
Total from OTHER streams of income: $2,579.76 (-$98,835.06 from April)
Total Revenue: $25,048.05 (-$92,491.85 from April)
Total Profit: $21,228.33 (-$81,890.77 from April)
This is just a catch-up income report.