I know, I know, you guys are probably mad at me.
I have been REALLY bad about updating the OHP website and it's taking me about twenty days too long to publish this income report. You're probably wondering if I'm still active or if I even care, and I assure you I do!
Though you wouldn't know it, I've been working extremely hard on another authority website and a few others things which I'll cover in the report that tell you what I've been doing and why I haven't been blogging regularly.
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. Unfortunately the “make money online” industry is full of scammers that make ridiculous promises like “Work 10 minutes and make $5,000!” The reality couldn’t be further from the truth, this online business gig is a lot of hard work and these reports show you how much time I put into my business and how much income I make from that effort.
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2) These reports help me keep track of my own progress. By creating these reports every month, I’m able to see where I’m spending money and how much time I’m spending doing various tasks.
3) These reports hold me accountable. Each month I list goals I have for the following month and my hope is that my audience will hold me accountable.
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 New Authority Website 46:00 62:30 New Consulting Website 14:00 0 BLOG: October 2015 Income Report 3:00 0 Facebook | Twitter | YouTube | Google + 2:30 0 Website 1 1:00 4:00 COURSE: Building a Successful Authority Website 3:00 1:00 General Website Maintenance 2:00 6:00 Monthly Totals 71:30 73:30
Discussing this month’s time worked
My focus this month has been all about my new authority website. As some of you will recall, I created an Authority Website (and a FREE mini course which you can get by clicking here) that was pretty successful.
After doing that and getting done with my course, I decided the next thing I should do is create ANOTHER authority website because that's really the first thing that I've done that has made me some decent income (somewhere around $125-$175/month). With that being said, below is where I spent my time this month.
NEW Authority Website: I am not comfortable with disclosing the subject or content of this authority website yet because it's still a little too early. It's definitely a topic that is trending right now and should continue to grow as time goes on. It took a lot of work, but amazingly I was able to get it launched in about one month.
The reason why I am doing this authority website is simple, there is a good opportunity and I can make money. I have spent time trying to sell products and that hasn't really gone well, so sometimes you just have to follow the money and in order to keep doing this for a living, I need to make some moves. This is my attempt to keep things going.
NEW Consulting website: In addition to creating the new authority website, I was also able to start on a new consulting website I'm working on. After getting various consulting clients without even trying, I've decided that maybe it's time to actually try to get more clients. These clients are all working professionals in a specific niche that will benefit from someone managing their Google Adwords campaigns. I choose to do this consulting because it is more passive than working hourly as I can do a lot of things on my own time and whenever I please.
Website 1ub Authority Website: This website is on complete autopilot now. I do not write anything or really do any work, and it should continue to provide me with a couple hundred bucks a month. The only expenses related to this are the articles I have my writer draft, but that only costs $10 each.
BLOG: November 2015 Income Report: As always, I created my income report for November and though it wasn't record breaking, I did make a few bucks.
COURSE: Building a Successful Authority Website: So I really did spend a ton of time and money on this course and for whatever reason, it pretty much fell flat. I did get a few sales, but nothing substantial and amazingly, none from the OHP website.
How did the income report turn out this month?
|PRODUCT OR SERVICE||REVENUE||EXPENSES||NET INCOME|
|Udemy Course Sales||$245.68||$245.68|
|Aweber Email Platform||$14.40||$29.00||-$14.60|
|Hootsuite Social Media Platform | Tutorial||$10.00||-$10.00|
|Hostgator | Tutorial||$17.94||-$17.94|
|Upwork.com (Formerly Elance)||$618.87||-$618.87|
|Income By Channel||Consulting||OHP Website||Website 1||YouTube||Udemy|
Discussing this month’s income
Overall, my income this month was just under $500. I've had better months and I've had worse months, but overall I am happy with my performance considering I made a new website and covered expenses.
Here’s how I made my money this month:
Legal Match: This is the service that connects people with lawyers for free. As of now this comes from one blog post I created but I have also included this on my authority website as a resource as well.
Shutterstock: Had a few images purchased through this affiliate this month. Wasn't a bunch, but money is money.
Google Adsense: My revenue here continues to grow just as my Authority Website does. I don't think we have hit the maximum amount ill make just yet, but that day is quickly approaching. As of now, all of the income from Google Adsense is related to Website 1 and this isn't a highly advertised channel so it'll never reach hundreds of dollars each month.
YouTube Channel: Again I saw respectable earnings from YouTube this month and that's with no new videos. Year to date I have made a respectable sum of money through YouTube and do absolutely nothing any longer for the channel. I may release some videos in the future, but as of now this is pure passive income.
Indeed.com: My income from indeed was similar to last month, but the cool thing is that every single day I am seeing a contribution. This is big because it means I am consistently getting people to use my affiliate links and job searches.
Udemy: Really big month for Udemy because I launched my course and had a lot of Black Friday sales, but I know this number will fall off greatly in December. Happy to see over $200 on the platform though, wish i could do this each month.
Bluehost: I had another person create a website this month and I'm always happy to see when these commissions come in because it means I've inspired somebody out there to create their own website. There is no better feeling than knowing you were the cause of helping someone start a business because it took them a lot of guts to get going.
Consulting: A good month of consulting in the books as I had numerous clients asking for work, and I had a client ask for a proposal for website maintenance this month. If that goes well, it'll be a nice retainer deal that will consistently give me income each month. As I mentioned previously, I plan on increasing the income in this channel because, well, I need to pay bills and this is the only one that seems to really pay.
Aweber: Typical income numbers on my email platform this month. This is due to people signing up in the past and trusting that this email solution works. And FYI, it does, incredibly well too.
Discussing this month’s expenses
Expenses this month weren't as high as last month (thank goodness!) but I still had some things going on.
Aweber: Even though I made money with this platform, I still have my monthly fee that I have to pay for.
Udemy: I saw a cool course on Amazon FBA available and splurged by purchasing it for $2. Though this does nothing for me now, in time I plan on trying out Amazon FBA so I wanted to get a good resource.
Hootsuite: Everyone talks about social media and how important it is, but have you taken the time to look in your analytics to see how many email sign-ups or purchases social media is accounting for? In most cases, the answer is none. This is why I use HootSuite. At $10 a month and auto scheduling my posts, it’s well worth it.
Hostgator: This is my recurring hosting fee and will be going away for Hostgator shortly. I won't get into details, but they really pissed me off this month and couldn't get a domain name I purchased to aggregate on their servers. When the support made me wait hours to get an answer, I decided it was time to go to a better company.
Fiverr: I spent $20 and got 4 logos for my new authority website. If you are looking for a logo, use this service. It's super cheap and if you find two providers and have each do a job for $5-$10, you'll save a bundle.
Shutterstock: I had to buy one large image for my new Authority website for the homepage, and I always use Shutterstock when I do this.
CreateaClickableMap: On this page of my JFFhub authority website you'll see that I have a clickable map. I basically needed the exact same functionality on my new authority website, so I bought a few more maps from this service to make it happen.
Call Rail: This is the platform that I’ve been using to record my client calls for my paid search consulting gigs and if I'm able to do what I need to do, this cost will likely rise soon.
OIO Publisher: One thing with the new authority website that I was in need of is an ad serving platform. This way, I could make it so that people are able to purchase an ad space for the specific state that their local business is located in. More on this in coming months if it starts bringing in income, but this is a way for me to sell actual advertising on my website.
Namecheap: I decided to consolidate all of my domains to one provider this month. Why did I decide to do that? The answer is simple. I had domains at GoDaddy, Bluehost, and Hostgator. Not a huge deal, but I am a neat freak and when everything is disorganized it drives me crazy. So, I paid to have everything transferred to Namecheap so i can keep track of all of it in one place.
Siteground Hosting: Hostgator did me wrong and now that I have a handdful of websites, I need a plan that is optimized to handle my volume of traffic and is optimized to give me the best experience. After reading a TON of reviews and doing research, I am migrating to Siteground and so far, so good.
Upwork.com: Again, an area where I spent a lot of money this month. Most of it was for paying a researcher to complete various databases of information, paying a developer to make some small fixes, and paying writers to complete articles for me.
Monthly Recap Summary
Did I Meet my Goals for October?
1) Write, write, write.
It is almost laughable at how badly I failed this one. But after not making any course sales and not seeing much income from my efforts, i decided it was best to focus on where the money is and create a new authority website. If this new authority website works well, I'll probably focus on making more websites on various subjects.
2) Setup my own course area in OneHourProfessor.com
There was plenty of this done this month. I actually created my own mini course (get it here) and also created a three tiered course offering for my visitors. Though I've had a lot of people jump into the funnel, none have purchased on the OHP website. I'm waiting for this to get to 100 mini course enrolls and then I'll see what my conversion rate is and go from there.
3) Begin creating my new course
I demolished this goal. Not only did I begin creating the new course, but I finished it AND created a mini course. Granted, sales have been weak, but I am glad I got it done.
Goals for November:
1) Get New Authority Website Completed
I am working on this new authority website and although it's going well, it isn't done yet. I need to get the website done before January 1st so that i can focus on my consulting gig.
2) Get New Consulting Website Completed
I gave myself 12 months to make a decent living while doing my own thing and right now we are about 9 months in. I'm able to survive currently, but I need to be able to thrive and I think this Adwords consulting stuff could be the ticket. We will see what the future holds, but I have high hopes as this is a specialized skill.
3) Figure out a strategy to get new consulting clients
I'm a big fan of researching and planning prior to embarking on any new website or project. I have never had to try to get consulting clients before, but now I am going to put a ton of work into it and we will see if I can come out on top. The reason is that if I have consulting clients, it is recurring income that I can use to survive while I continue to make authority websites. Over time, I am planning that my authority websites will make thousands each month, but for now I need to find something that pays quick and Adwords consulting is it.
What are your goals for the month? What questions do you have? Let me know in the comments below!