May has come and gone and it was a very busy month (again) on a personal level.
I officially live in Brazil and though I’m still not settled in, it’s starting to feel like home.
My wife and I are currently in the 2 Bedroom apartment she has had for the last year and although it’s very cheap to live here ($400/month) we’ve decided that the location needs to change.
This is for two reasons:
But before I dive too deeply 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) 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.
|PRODUCT OR SERVICE||REVENUE||EXPENSES||NET INCOME|
|Aweber Email Platform||$5.70||$5.70|
|ShutterstoWebsite 5 Images||$33.00||$33.00|
|Udemy Course Sales||$76.08||$76.08|
|Website 1 Partners and Affiliates||$422.21||$422.21|
|Personal VLOG Channel||$31.69||$108.00||-$76.31|
|OHP YouTube Channel||$50.89||$50.89|
|Website 4 Media.net Ad Revenue||$7.90||$7.90|
|Website 1UB Media.net Ad Revenue||$446.60||$446.60|
|Google Adsense Revenue|
|OneHourProfessor.com Adsense Revenue||$2.80||$2.80|
|GNG Adsense Revenue||$3.94||$3.94|
|TranscriptionJobsHQ.com Adsense Revenue||$8.71||$8.71|
|Authority Website - THQ Adsense Revenue||$214.18||$214.18|
|Website 1 Adsense Revenue||$5,936.37||$5,936.37|
|Google Drive Storage||$2.09||-$2.09|
|Adobe Photoshop Account||$10.61||-$10.61|
|Gmass Email Software||$12.95||-$12.95|
|Intuit Quick Books||$16.99||-$16.99|
|Meet Edgar Social Media Platform||$49.00||-$49.00|
|ConvertKit Email Software||$179.00||-$179.00|
|Freelance Research and Labor||$276.52||-$276.52|
|Revenue By Channel||Website 1||Udemy||OHP Website||Consulting||Website 2||YouTube||Authority Website - THQ|
Every month I have income that streams in from multiple sources and quite frankly, a lot of that is pretty regular. However, each month I tend to see a few line items that are drastically different from the prior month. In this section, I only discuss the items that have increased or decreased significantly.
There were three line items that jumped out to me this month:
Similar to the income I make every month, there are certain expenses that I consider “fixed”. As I did in the income area, I’m only going to discuss the outliers or new items added as expenses.
There are two line items that I think are worth discussing this month:
Website 1 Update: Last month I explained to you how I was going to change the job results page on Website 1 because Indeed.com changed their program and I could no longer make any money from them.
Well, it looks like this was a blessing in disguise.
In May, I ended up making an additional $860 from these pages. Even better than that is the fact that Indeed.com is opening up their AWebsite 7 for my websites which means I can show sponsored jobs again, which is how I was making money from Indeed.com in the first place.
Though this will cost some money in website development, I’m expecting to see an additional $300 per month from Indeed.com once everything is said and done.
Consulting Update: I only had a half-hour of consulting happen in May. It isn’t much, but I was happy to get it. If you’d like to speak with me about consulting to help you with your project, please click here. Please note that my consulting starts at $100 per hour and depends on availability.
Udemy Update: Again, my Udemy earnings dropped and that’s fine. I don’t put too much effort in the platform any longer so I’m fine with that.
OneHourProfessor.com Website Update: No courses sold for the month of May and I had really low affiliate commissions as well. It kind of sucks, but I don’t think it’s that big of a deal.
Authority Website THQ Update: This THQ website continues to grow and I see a lot of positive things happening here. I’m really pumped up as I’m hoping this website will match my traffic and earnings of Website 1.
Here’s a breakdown of some key metrics for the THQ authority website:
There are a few key things that you’ll notice in the figures above:
Authority Website Website 4 Update:
Finally, I’m starting to get some real Google love for this website. The interesting thing is that all of this link building took place in March and I’m just now starting to see my rankings increase for the website.
Here are my statistics for this website so far:
There are a few key things that you’ll notice in the figures above:
GNG Website Update:
Month three is down for the GNG website and I’ll admit that I’m beginning to get a little nervous about the website. The reason is because our costs are sky high (right around $500 per month) and the revenue is very minimal right now.
|Month||Sessions||Referring Domains||Earnings||Facebook Followers|
Though I’m starting to get nervous, I’m going to choose to ignore my thoughts right now. While we invest, our “revenue” will only be the visits that we get and the Facebook followers that we gather. As I saw with Website 4 , it took me 6 months to get any traction and I assume the same will happen here.
YouTube Channel Update:
You know, this channel is actually doing really well so far and I’m having a great time with it.
The process that we have now is my wife and I record ourselves throughout the day, then we pass that raw footage to our video editor. She edits it and sends it back to us and we publish videos on Monday, Wednesday, and Friday.
Here are the key metrics for our channel so far:
|Month||Total Views||Subscribers||Total Revenue|
Every month, I’m going to reflect back and tell you a few different lessons that I’ve learned. My hope is that the lessons each month will be a cautionary tale for you that makes it so that you don’t make the dumb mistakes that I do along the way.
|Item||Fixed Costs||Variable Costs|
|Google Drive Storage||$2.09|
|Gmass Email Software||$12.95|
|Intuit Quick Books||$16.99|
|Meet Edgar Social Media||$49.00|
|Website 4 Writers – 1 Blog Post Per Week||$40|
|THQ Writer – 1 Blog Post Per Week||$60|
|THQ Backlink Prospecting||$200|
|YouTube Channel Editor||$144|
|Website 1UB Writer – 3 Posts Per Week||$160|
|GNG Facebook Ads||$175|
|Estimated Developer Costs||$200|
|MONTHLY EXPECTED SPEND:||$1,624.54|
Move to Brazil (SUCCESS)
I’ve officially moved and although it wasn’t easy, I’m here and this is home for the next year or two.
Record Three YouTube Videos Each Week (FAIL)
We recorded quite a few videos since starting our channel, but I know we didn’t record videos each week. I think we had two weeks where we only had two videos recorded.
Automate YouTube Channel Video Editing (SUCCESS)
I am incredibly happy with our editor, she’s great at what she does at a reasonable cost and allows us to focus on producing content with little effort other than recording.
Get THQ and Website 1UB Indeed Work Completed
By the end of June, I want to make it so that Indeed.com works with the AWebsite 7 on both THQ and Website 1UB website. If I’m able to achieve this, it will increase the income for both website and my overall income as well.
Record Three YouTube Videos Each Week
I’m going to keep this on here as I’d like to make sure that we record all of the videos we’ve promised our followers for the month. Three times a week seems a little daunting, but we do live pretty interesting lives given our work so hopefully we can make it happen.
Get Databases for THQ Built and Have Two Completely Revised
The THQ website has a few pretty significant revision projects underway and I want to get these completed by the end of June. If I’m able to do this, I’m hoping that I can start ranking for some very high traffic terms in Google. We’ll see if it’s possible, but I hypothesize I can do it if all goes well.
What are your goals for the month? What questions do you have? Let me know in the comments below!