Another month down, and it was a good one. Not a record breaking one, but I’m getting a lot done and feel good about where my online business is at. This was an especially good month considering I made one of the dumbest mistakes I’ve ever made since starting my online business.
To sum it all up, I added a no index tag to one of my websites in the staging environment and then pushed the website live without removing the fact.
In layman’s terms, this means that I instructed Google to De-index my entire website, yes, meaning REMOVE IT from the search engine, and obviously that hurt my earnings. I was able to recover, but it was a sucky week and a half.
More details about this in the report.
This month my total income after expenses was $13,639.84 which comes out to $454.66 per day.
This month’s highlights included;
November was a whirlwind from a personal standpoint.
I was able to close on our new house on November 30 and I’m proud to say that my wife and I are now proud owners of a beautiful home. I shared a lot about this house in the last income report, so I won’t do it here again, but we’re very excited.
The closing itself took quite a bit of time in November because I was filling out endless piles of paperwork to make sure I was able to get approval for our loan. And while I’m not sure how many hours this took away from my work, it was definitely significant.
Aside from that, just the stress of getting a new home and all of the work that goes into it took a bit of a toll on me. But, now everything is done and I’m incredibly happy that we got the home and can work on our remodeling efforts.
While I’m not sure exactly how much time I’ll spend working on it in December, I can tell you that I’ve already put in quite a few hours completing some landscaping before it gets too cold.
I’ve noticed I’m having a really hard time not putting in 12-15 hour days working on the house. I’ve realized that I’m very impatient when I have tasks to complete and I tend to fixate on getting everything done as quickly as possible.
While I think this is a great quality to have in some aspects, it can also be very difficult to manage multiple things at once because I’m always stressing about getting the next thing done.
Though our house is nice on the outside, we have quite a bit of work that we want to do on the inside so the projects are nearly endless.
But I’m going to work on juggling all this in the month of December and I’m hoping that I’ll be able to get a lot of it done while still running the business. I know I’ve said this before, but the fact that I have a passive income business is incredibly helpful in moments like this.
A few days back I spent roughly 10 hours doing yard work to get rid of some bushes and trees that were needing to be cut down and trimmed, but when I came back home at the end of the day my earnings didn’t suffer at all. It’s truly a blessing to have a business like this and the fact that I been so successful thus far seems surreal.
If you’d like to begin a similar journey as myself and try to create a passive income business, I recommend you read this write-up I did. It should help educate you before you begin to move forward.
Before I dive too deeply into 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|
|ShutterstoWebsite 5 Images||$12.00||$12.00|
|Aweber Email Platform||$20.70||$20.70|
|OHP Course Sales||$79.00||$79.00|
|Udemy Course Sales||$205.87||$205.87|
|Partners and Affiliates Revenue|
|Website 5 Partners and Affiliates||$16.27||$16.27|
|OHP Partners and Affiliates||$122.98||$122.98|
|Website 4 Partners and Affiliates||$400.26||$400.26|
|Website 3 Partners and Affiliates||$405.00||$405.00|
|Website 1 Partners and Affiliates||$2,749.90||$2,749.90|
|Personal VLOG Channel||$10.41||$10.41|
|OHP YouTube Channel||$69.50||$69.50|
|Website 3 Media.net Ad Revenue||$7.23||$7.23|
|Website 4 Media.net Ad Revenue||$149.64||$149.64|
|Website 1 Media.net Ad Revenue||$277.79||$277.79|
|Google Adsense Revenue|
|OHP Adsense Revenue||$5.43||$5.43|
|Website 2 Adsense Revenue||$10.67||$10.67|
|Website 4 Adsense Revenue||$239.36||$239.36|
|Website 5 Adsense Revenue||$370.04||$370.04|
|Website 3 Adsense Revenue||$1,912.52||$1,912.52|
|Website 1 Adsense Revenue||$9,859.09||$9,859.09|
|Intuit Quick Books||$10.00||-$10.00|
|Adobe Photoshop Account||$10.61||-$10.61|
|Mailshake Email Software||$19.00||-$19.00|
|Google Business Drive Storage and Apps||$32.09||-$32.09|
|Never Bounce Email Verification||$50.00||-$50.00|
|Website 4 Calendar Printing Services and Shipping||$912.97||-$912.97|
|Freelance Labor Expenses|
|Freelance Research, Editing, and Misc. Labor||$1,444.68||-$1,444.68|
|Revenue By Channel||Website 1||Website 3||OHP Website||Website 4||Website 2||Website 5||Consulting||Udemy||YouTube|
|January 2018||$7993.31 ||$467.71 ||$757.59 ||$718.04 ||$14.26 ||$486.99 ||$0||$113.95 ||$67.06
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 four 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 were two items that jumped out to me this month:
Full Portfolio Update: For my portfolio as a whole, I don’t have any big changes that I made in the month of November. While each website is dynamic and continues to change month after month, there were no sweeping adjustments made.
Website 1 Update: I saw a 6% decrease in traffic for the month of November, but I don’t attribute this to anything specifically. I noticed last year that this time of the year tends to be a little bit slower for this website and while I don’t know exactly how much slower it’s going to be, I expect to see traffic fall a little bit in December as well.
Consulting Update: I didn’t have a consulting call this month, though I do have a potential long-term client reaching out to me presently. I’ll let you know how that worked out in my next income report.
Udemy Update: It was great to see the earning increase here, but it was completely out of my control and I’ll give kudos to the Udemy team for driving more sales.
OHP Website Update: I still don’t have news here and I’m not going to promise anything. My partner is no longer dealing with her personal issues, but she did get a promotion at her FT job and is pretty busy with that at the moment. That’s fine with me, I’m in no hurry to get started with the podcast as I have enough on my plate currently.
Website 3 Update: Man, oh man, I really f&#ked up with this website in the month of November.
As I mentioned in my intro, it all came down to me adding a no index tag on the staging website.
Basically, whenever I roll out any large updates to any of my websites I first do a staging version of the website. This is a website that Google should never see and is an exact replication of my current website. The idea is that I create this website and test out all of the changes prior to pushing anything live.
This is exactly what I did and we made some pretty major updates that I think make the website much better. But, the problem was that I had a tag on the website telling Google that it should no longer index any of the pages. I did this to make sure the staging version of the website wasn’t showing up in Google results.
Without realizing it, I pushed this version of the website with the no index tag live and my traffic absolutely tanked.
Here’s a picture of exactly what it looked like:
Obviously, when I saw this happening, I was in a panic. You have to understand that at first, I had no idea what was happening and I thought that my website was penalized from Google.
But then, I remembered that we had just completed a new update to the website so something had to be off.
While it was a rough few weeks, I’m happy to report that by the end of the month I was able to make everything bounce back to what it was previously. Here’s an image showing the recovery:
While I don’t think that I’m 100% back to where I was, I think that I’m about 95% of the way there and considering how bad it was, I’m happy with that outcome.
To recover from this absolutely stupid mistake like this, all I had to do was remove the tag and resubmit the site map index Google Search Console. Once I did that, Google took care of the rest.
Here’s a graph of the last 12 months of progress.
Website 4 Update:
Not a whole lot to report for the month of November. There was a nice increase in referring domains and that’s because I have a link building strategy built into the website that continues to work.
One of the cool things that I’ve been able to do for this website is mostly related to the calendar.
Right now, if you go to Google and you search “Best Calendar for WEBSITE TOPIC”, my website is the number one Google search result.
If you go to Amazon and search “WEBSITE TOPIC Calendar”, my website is the number one search result.
Aside from all of this, I have a very large and engaged Facebook audience of about 16,000 people who I’m pushing to purchase the calendar as well.
All of this is leading to me being the industry leader for this particular type of calendar and while I’m not sure how it’s going to end up selling through the end of the month of December, this is exactly what I’d like to do with other physical products that I create in the future.
I’ve talked numerous times how I’d like to get onto Amazon as a seller because I’d like to diversify into physical products, and if I’m able to monopolize all of the search engines like I have with this calendar, it’s very likely that I’m going to create multiple revenue streams for years to come.
Here are my statistics for this website in the last 12 months:
Website 5 Update:
This website continues to grow and I think that I’m starting to see a little bit of a light at the end of the tunnel.
While I’m still not exactly where I want to be, all of the link building that I’ve done here seems to be having a positive impact on the website and I continue to see growth in both traffic and earnings.
The referring domains continue to increase and though we finished the outreach for one of the databases, I have another one being built right now which should equate to somewhere between 50 to 100 additional links.
Once that’s done, I’m going to look into additional link building ideas and continue to try to increase the authority of this website for the next few months.
I’ve mentioned numerous times how we did product review writeups for this website and they didn’t rank. Well, those keywords I wrote about are now on page 3 and page 5 Google search results. While this isn’t getting me any traffic or commissions, it’s a significant increase from what they were previously and this is a very positive thing to see.
While I continue to build links, I’m also working to write two more review type of posts in an effort to see if a newly published articles can rank well.
I’ve also changed my strategy a little bit. Now I’m looking at some of my weaker competitors and seeing what they’re website is ranking for. Once I see a keyword that they rank for that I think I can make something better than, I’m pouncing and trying to outrank them on Google.
By the end of December I’ll definitely know if this works and if it does, you can bet that I’ll have my writers writing more and more review type of content in an effort to further monetize this website.
Here are my statistics for this website so far:
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.
Get BBC Calendar for Sale on Amazon (COMPLETED)
I was able to get the calendar up and for sale on Amazon. Not only that, I was able to get a quick increase in sales from the beginning, which led to me being ranked number one when people search for this type of calendar.
I really wanted to step back and think about my business in the month of November, but with the house closing that just wasn’t possible. The next few months are going to be busy and it’ll be interesting to see how I balance my business and the house itself.
Better Understand Pinterest (FAIL)
I really wanted to do this in November but then I realized that I’m making a pretty foolish beginner mistake. Now that I’m seasoned, I’m a big fan of just in time learning. What this means is that I only learn about something just before I’m about to implement it in my business. While I could focus on understanding Pinterest now, the reality is that I’m a few months away from implementing it in my business so I need to hold off until I’m ready to actually implement it. I intend on training my virtual assistant on how to create a Pinterest following as well, so this is a large project.
Publish CK Reviews
I mentioned it above, but I really want to make sure that I publish a few new review type blog posts on this website in the month of December. Now that the website seems to be growing organically and I have quite a few links, I’m hoping that reviews that are low competition will get ranked pretty quickly. If they do, I can quickly ramp up the earnings for this website.
Goal Setting for 2019
Setting year-long goals is something I’ve done since I started my online business and when doing so, I like to sit back and really reflect on the year itself. In 2018 I was able to grow my business by over 100% (second year in a row) and while I’m hoping I’ll be able to do that again in 2019, it could be a pretty lofty goal. That all said, I definitely want to take some time to think about it.
Relax and Work on the House
Relaxing and working on the house sounds like an oxymoron. Most people would say you can only do one or the other, and not both. For me, believe it or not, I find some of the work that I have to do around the house relaxing as it feels good to complete something that is a part of the home that you own. I’m sure I’ll get sick of this eventually, but I want to take time in December to work less on my business and work on my home more to make it what we really want.
What are your goals for the month? What questions do you have? Let me know in the comments below!