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, 2020
6,090 page views (+3,913 from April)
11,600 Youtube channel views (+5,510 from April)
652 Youtube hours watched (+144 from April)
Email subscribers: 8,566 (+97 subscribers from April)
Expenses
Accountant: $900 – Tax time payment to my accountant
Adwords: $134.50 – I bought ads to affiliate review pages
Facebook ads: $123.87 – Facebook ads for projects
Convert Kit: $119 – This is the current autoresponder that I’m using
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
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
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
Amazon S3: $4.47 – I use this to host images, bonuses, and videos
Total expenses: $1,517.54 (-$16,303.31 spent compared to April)
Revenue
Cloud Funnels: $6,714.28 from bonus page
Marketpresso 2.0: $2,425.70 from bonus page
Create Studio: $2,164 from bonus page
Ranksnap 3.0: $1,736.60 from bonus page
Sendiio 2.0: $321.92 from review and private demo with Joshua Zamora
Webinar Jeo: $267.30 from review and interview with Walt Bayliss
Fresh Member: $264 from review and interview with Mark Thompson
Ada Comply 2.0: $246.40 from bonus page
Rapid Profix Pro: $193.24 from review and interview with Mosh Bari
Viral Reel: $179.48 from review and interview with Abhi Dwivedi
Mapify 360: $130.04 from review and interview with Adrian Isfan
PixelModo: $116.40 from review and interview with Neil Napier
Thrive Leads: $105.50 from review and interview with Shane Melaugh
Videyo (CLOSED): $97 from review and interview with Ryan Phillips
Lead App: $70.50 from review and interview with Chad Nicely
Fusion by Dropmock: $60.80 from review and interview with Jamie Ohler
DFY Lead Pages: $58 from review and interview with Ankur Shukla
Viddyoze 3.0: $44.40 from review and interview with Joey Xoto
Videosly: $33.95 from review and interview with Sam Bakker
Designo Pro: $33.50 from review and interview with Todd Gross
Kickass Tuber: $33.50 from review and interview with Angel Corman
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
Tv Boss Fire: $25.19 from review and interview with Craig Crawford
Lingo Blaster 2.0: $23.50 from review and interview with Ali G
Storymate: $23.50 from review and interview with Luke Maguire
AdReel: $22.20 from review and interview with Ryan Phillips
Theme Maker: $20.10 from review and interview with Mikey Formby
VidSnatcher: $19.98 from review and interview with Todd Gross
Clipman AI: $18.50 from review and interview with Brad Stephens
Funnel Xpress: $16.10 from review and interview with Mark Bishop
Vidgeos: $13.50 from review and interview with Josh Ratta
Press Play 2.0: $13.50 from review and interview with Mark Thompson
News Maker Pro: $11.96 from review and interview with Igor Burban
MobiFirst: $11.65 from review and interview with Scotty Carter
Jvzoo Academy: $11.10 from review and interview with Sam Bakker
HydraVid (CLOSED): $9.98 from review and interview with Walt Bayliss
Social Kickstart: $8.50 from review and interview with Mark Thompson
Kaptiwa 2.0: $8.10 from review and interview with Dr. Amit Pareek
Shopabot: $5.99 from review and interview with Cindy Donovan
Meetvio: $5.10 from review and interview with Neil Napier
Total revenue from interviews and reviews: $15,657.06 (+$11,759.74 from March)
Recurring income with Brett: $3,786 – This is my recurring commissions before paying Brett half
Product revenue: $1,255 – Revenue from various products (minutes affiliates payments)
Social Robot JV commission: $271.82 – This my cut from a launch I did with Joshua Zamora in early 2015
Google Adsense: $212.16 – 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: $5,566.89 (-$26,835.61 from April)
Total Revenue: $21,223.95 (-$15,075.87 from April)