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 October, 2016
31,141 website page views (+2,273 from September)
43,181 Youtube channel views (+11,344 from September)
261,934 Youtube minutes watched (+84,723 from September)
Facebook group members: 1,143 members (+543 from September)
Email subscribers: 22,378 (-231 subscribers from September)
Virtual assistant: $800 – I have an assistant help with all my promotions, including copywriting, scheduling, and posting.
Palms Hotel room: $684.94 –This is the hotel I stayed at in Las Vegas for the IM Marketing Summit event
Food and drink at IM Marketing event in Las Vegas: $599.95
Group Traffic Profit templates: $280.30 – Graphics for upcoming product launch in December
GoToWebinar: $199 – I use this for live webinars and training
Convert Kit: $179 – I’m testing out a new autoresponder as Aweber hasn’t been getting the delivery that I’m used to
IM Marketing event taxis: $150 – Taxis to and from the airport…and getting around during the event
Aweber: $130 – This is my list building software that allows me to email everyone when there’s a new interview or review
Paypal fees: $62.07
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
WP Recipe Maker: $39 – A plugin for my wife’s new cooking website
Monthly phone fees: $30
Jvzoo seller fees: $29.60
Food Blogger Pro: $29 – A course I purchased on setting up a food blog, something that I’m interested in
Wistia: $25 – This is how I host my sales videos and course content.
Resell Rights Weekly: $19.95 – Reoccurring membership fee for the bonuses I add from my interviews and reviews
Click Magick: $17 – This is one of my FAVORITE tools for tracking links.
Audible: $14.95 – Business books to further my education
GoDaddy: $12.17 – I bought a domain name for my wife’s new cooking show
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: $7.25 – I use this to host images and videos
Vault Press: $5 – A quick and easy tool that I use to backup my website
Total expenses: $3,434.16 (+$2,505.34 spent compared to September)
Vidicle: $2,165.66 from review and interview with Andy Brocklehurst
Social Kickstart: $25.50 from customers being cookied from buying previous products
Total revenue from interviews and reviews: $24,763.75 (-$5,032.73 from September)
Mail It: $1,555.11 – My earnings from a launch I did in August, 2016 with Brett Rutecky
Mail It Agency promo: $979.69 from Brett Rutecky for a webinar promo
Affiliate Income Secrets: $467.50 – My product teaching how I make money from affiliate marketing
Resell Rights Weekly: $153.67 – This is a website that has a ton of products that you can use as your own
Keyword Suggestions JV commission: $89.05 – This is my cut from a launch I did with Radu in September, 2015
Google Adsense: $76.57 – Earnings from Youtube Adsense
Social Robot JV commission: $76.05 – This my cut from a launch I did with Joshua Zamora in early 2015
Affiliate Trax: $57.64 – This is my cut from a launch I did with Brett in May, 2016
SociSpot JV commission: $36.78 – This is my cut from a launch I did with Lee Pennington in November, 2015
Profit Canvas Pro: $18.36 from a product Brett Rutecky and I launched in 2015
Total from OTHER streams of income: $3,510.42 (-$5,633.77 from September)
Total Revenue: $28,274.17 (-$601.04 from September)
Total Profit: $24,840.01 (-$3,106.38 from September)
This income report will be super quick as I’ve fallen a bit behind. Numbers look good…glad to be above $20k.