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 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)
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.
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)
InstaSuite (CLOSED): $23.50 from webinar with Neil Napier
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.