Best month ever…again. Let’s hope this keeps happening!
Amazingly, my authority website ended up going viral again in the month of April. This time, I was all smiles as I watched my earnings continue to increase which each day that passed by. Unlike the last time this happened, I had my website and hosting optimized and just relaxed as it happened.
My highest earning day brought in just over $400 and lucky for me, it didn’t stop there. If you haven’t seen it yet, I highly recommend that you check out my FREE mini course that I created while I built the website which walks you through how I developed the successful website that I have today.
This entire month was full of a lot of different income streams and although my authority website brought in the bulk of it, I’m seeing increases across my entire business portfolio and I’m really excited to see what happens in the next few months as I release a new authority website and a new course about Email Marketing too.
I want to also mention that this month I’m switching up the income reports because I feel like I was doing a lot of busy work and not enough updating on my projects and I spent too much time recapping what I had done in the previous month.
Before I begin the income report, if this is your first time on my website let me explain why I write a detailed income report each month that outlines the money I made (or lost) and the time I spent working each month.
I’m doing this for a number of reasons:
1) I strive to be transparent about what it takes to make money online.
2) These reports help me keep track of my own progress.
3) These reports hold me accountable.
In short, I don’t create these to gloat about my earnings. I create them to help you understand the true “earning curve” of online business. Now that we got that out of the way, let’s dive into the report.
How much time did I work this month?
TASK TIME WORKED TIME CONTRACTED BLOG: My Secret Link Building Technique For SEO 3:00 0 BLOG: 10 Ways Email Marketing Will Improve Your Business 2:00 0 BLOG: How to Increase Website Earnings 3:30 0 BLOG: March 2016 Income Report 4:00 0 Website 1 18:30 22:00 NEW Authority Website 52:00 18:00 NEW Email Marketing Course 32:00 64:00 Facebook | Twitter | YouTube | Google + 7:00 0 General Website Maintenance 8:30 2:00 Monthly Totals 130:30 106:00
How did the income report turn out this month?
|PRODUCT OR SERVICE||REVENUE||EXPENSES||NET INCOME|
|Kindle Ebook Sales||$2.06||$2.06|
|Long Tail pro||$9.97||$9.97|
|OHP Course Sales||$27.00||$27.00|
|Website 1 Partnerships||$285.00||$285.00|
|Udemy Course Sales||$353.02||$353.02|
|Aweber Email Platform||$20.70||$69.00||-$48.30|
|Intuit Quick Books||$12.74||-$12.74|
|Transcriptions (New Udemy Course)||$40.00||-$40.00|
|Upwork Freelancers (New Authority Website)||$1,181.93||-$1,181.93|
|Revenue By Channel||Website 1||Consulting||Udemy||OHP Website||YouTube|
Discussing this month’s income
I’ve been on a real streak lately in terms of my income and I think that this is going to continue as I release new content and launch new projects. This month is by far my best month ever and when my authority website went viral, I was able to capture all the earnings possible because of all the optimizations I made in the past
Website 1ub Update: Now that my authority website has gone viral again, I’ve seen a consistent uptick in earnings on a daily basis. I’m expecting that I’ll be able to make somewhere between $2000 – $2500 per month on Google AdSense and around $500 from Indeed.com.
The first time that the website went viral, I was making around $50 per day on a pretty consistent basis. However, now that it’s gone viral again, I’m noticing that I tend to get around $75 per day on a consistent basis.
Obviously this is a lot of money and I’m really thankful that the website is going well, but I also know for a fact that if I’m able to get the number one spot in Google for my main keyword term, it will double my income.
Because of this, I’m spending a lot of time now trying to focus on link building to the website and although I can’t say that I’ve had HUGE success thus far, I have gotten around eight new inbound links to the websites since I began.
Consulting Update: I haven’t been doing a ton of consulting lately and frankly, I’m okay with that. I’m a much bigger fan of creating websites that earn passive income so that I don’t have to trade my hours for dollars.
However, the consulting income is definitely welcome and most of the money that I made this month is for clients that I’ve had for awhile now. Aside from the usual clients, I did have a quick consulting call with someone that I’ve known for some time and work to help them better understand how I’m using informational databases.
Udemy Update: It was an interesting month on Ddemy because the platform just got done with their incredibly low-priced strategy and have decided that moving forward, all courses need to be priced no greater than $50 and not have a discount code of more than 50%.
This was actually welcome news to me. While many people talk about the idea of selling a course for $500, $1000, even $2000, to me that’s just not realistic.
The way I see these courses, they are high quality materials that people can use and get access to at anytime, but they are not the core business that I want to make a living from.
Because of this, I’d much rather charge a lower price point to really HELP people and then attempt to upsell people into higher price point products or a bundle of courses.
Although many people on Udemy complained that the new pricing strategy hurt their earnings, I had my 2nd best month ever and plan on that occurring more as time goes on.
OHP Website Update: The bulk of the income that I’ve been making on the One Hour Professor website is related to my affiliate earnings from Thrive Themes. I absolutely love the software and have recommended it to at least a dozen people personally, but I know that the reason I keep making money from them is because I’m an affiliate.
When you search in Google or YouTube for “Thrive Themes Tutorial” my website comes up near the top.
Aside from these earnings, I’ve seen a few sales of my courses as well and plan on ramping this up in the coming months.
For now I’m working on a course for email marketing, but my next course is going to be on outsourcing.
Truth is, for a long time I wasn’t making enough money in my courses to continue to contribute to them, but because of my efforts on Udemy and what has been happening on OHP, I can now rationalize putting in this effort and continually growing my course portfolio.
My hope is that eventually I have 5 to 10 courses that deliver over $1000 per month. I’m fairly certain that I’ll get there, but it will take some time.
YouTube Channel Update: Although my earnings from YouTube have been pretty consistent month over month, I think that I’ll be seeing a little bit of a bump there soon as well because I’m going to publish some of the email course lectures on the channel.
This is bound to bring in some people who watch these videos and click on ads, but more importantly, it should bring in people to check out my courses and hopefully purchase them in the future.
Discussing this month’s expenses
Aside from the recurring expenses that I have month over month, there really aren’t a lot of surprises on my expense report this month.
The only things listed here that may come as a surprise is a $19 charge from Flippa and my membership to SEMRush.
The charge from Flippa is because I’m trying to sell a website that I made (Which I never should have created) called www.LegalMarijuanaHQ.com.
The funny thing about this website is that I created it specifically for the opportunity to make money and after I got done, I realized that I’m not passionate about the topic whatsoever so it was a big mistake.
The website didn’t sell on the Flippa platform and because of this, I’m probably just going to have to scrap the entire project which hurts because I think I spent around $800 getting everything created.
But hey, this is a hard lesson learned and one that hopefully you can take away from the income report. Build what you’re passionate about, not what will make you money.
SEMRush is on here because I did a lot of focus on link building for Website 1ub and I wanted to make sure that I understood what all of my competitors had received links from. I also dove into the competitors of my new authority website to understand where they were getting links from as well.
I do this because I want to make sure that I am able to build back links to my authority websites quickly after they are launched and knowing where your competitors get them from is a great way to make this happen.
In my opinion, this is a necessary step with any new website and if you aren’t doing this, then it’s likely that you won’t succeed.
Aside from all the expenses that may have been surprises, you’ll see that there is a huge uptick in expenses from Upwork.com. This is because of a few things:
- I am creating a new informational database on Website 1. This looks to be a big opportunity for me to make some extra AdSense income on the website and I’m about three quarters the way completed. All the money was spent on a freelance writer to research and create content as needed.
- My Udemy courses take a lot of money to create because I outsource all of the production of the videos. In addition to that, I also use transcription services so that all I need to do is talk into a microphone and then hand all the work off to other people. This is a little tough at times because it puts some strain on my wallet, but the amount of hours that I save are substantial.
- I also have a regular expense of around $100/month from an additional writer that writes the blog posts for Website 1ub.
Did I Meet my Goals for April?
1) Get 70% of the way done with new authority website
I think it’s safe to say that I’m 70% of the way done with this website and my plan is to launch BEFORE all of the content is finalized. I’m doing this because there is just so much content that I want to make that will take some time, but instead of holding off until all of that is created I’d rather just launch.
2) Get Email Marketing Course Completed
I’m not DONE with the course, but it is moving along quickly. Truth be told, I should have hired a second video editor to help me create videos so that I could get this done twice as fast. I plan on doing this in the future.
3) Secure Partnerships and Integrate Offers
I definitely got this done in April and it ended up making me an additional $285. Definitely worth the handful of phone calls/emails I dealt with.
Goals for April:
1) Launch NEW Authority Website
This is a great goal to make and where I am going to focus this month. My new Authority Website NEEDS to launch and I want to pressure myself to make this happen. The faster it launches, the more money I make and the more I can focus on growing it.
2) Launch Email Marketing Course
I really think I can launch the course by the end of May. Again, I need the pressure on me to make it happen, but if I get it launched it’ll make me even more money and grow my course portfolio.
3) Publish 5 Guest Posts for Website 1ub
As I said, link building is big for Website 1ub and although I’m having some success, I NEED to get some more. So, this month I’m going to try to get 5 new backlinks in an effort to grow the website’s SEO footprint.
What are your goals for the month? What questions do you have? Let me know in the comments below!