That is the most I have ever made in 1 month. From this blogging online business or any other business, I’ve had!
If you are new around here I share my income and my numbers. Some people can find the numbers and the dollar sign challenge. They may get ‘triggered’ by it. That is okay. If you don’t want to know, look away now.
WHY DO I SHARE MY INCOME REPORTS?
I follow several income reports like Pat Flynn from Smart Passive Income, Rose Atwater from Rose Bakes, Pinch of Yum, House of Brazen and Making Sense of Cents and there is something about numbers that is sexy, motivational, inspiring and lets me dream bigger. Is it just me?
I read Rose Bakes 2015 income report where she made nearly $37,000 USD for the year from blogging. Well, that knocked my socks off. I showed my boyfriend and talked about it and read and researched. I was hugely inspired.
Later I even had a business mentoring session with Rose and now, a year later, I am so incredibly lucky to call Rose a friend and mentor.
But that feeling of inspiration, motivation and that it is soooo hugely possible this business dream …. Well, I want to share that with others.
BLOGGING IS NOT THE WAY TO FAST MONEY.
At all. We all hear about the $100k launch and whatever else, but I gotta wonder is that real? And how much of that was spent on Facebook advertising?
For me, I’m not going to talk about those pie-high-in-the-sky numbers. Because launches make me want to vomit in my mouth a little bit. And I don’t do webinars. I’m going to talk about the hard work and real numbers that made it possible for me to quit my full-time job.
Because, yes, I worked full time while building up this blog and business.
- August 2014 – $191
- December 2014 – $415
- July 2015 – $732
- November 2015 – $1404
- February 2016 – $1593
It has been hard work. But if it was easy, everyone would be doing it.
And it wasn’t a smooth uphill slope. Some months I made $0 minus expenses. A couple of months I made up to $2000-$6000, but those were few and far between.
Gee, if I knew way back then what I now know!
And now? Now I have quit my FT job. Now I work less than 30 hours per week. Now I have replaced my full-time income and I retired my boyfriend from his job in April 2017. Because that is my dream and big WHY. And you are going to need to hold on for dear life while on this ride.
Imagine a rocket ship or roller coaster. Which do you think the journey or blogging is going to be? A rocket ship that is a sky rocketing success story with little to no work. Like winning the lottery.
Or a roller coaster, like everything else you have experienced in life? (Hint: it is a roller coaster of a ride, because it is life.)
This post contains affiliate links.
I’ve had a (lot) of time off in the last few months for health reasons. I was working less than 6 hours per week, most weeks, doing emails and bookkeeping. A couple of times/weeks I worked 10 hours for the week, doing workshops and webinars.
I only just started working in the last few weeks and I’ve loving it! I can’t wait to work, I fall asleep excited for the next day. I’m writing + creating content again (and produced a lot of content!) Let alone my general well being + health + happiness + prosperity is off the scale.
In the last few weeks, I’ve been working 25 hours p/w and some weeks 30 hours.
This month, I’ve been working on:
- Launch: sold another round of a cake course, with $4272 in 2 weeks. There was a 2 weeks promotion period, did a scholarship as a competition (with an opt-in and promoted on social media and to email subscribers). Opened enrollment at 20% early bird discount for 3.5 days. Sending 20x email newsletters, daily Facebook group tips + helping, a final 24 hour Facebook Q&A live video and ended in a survey. There is a free masterclass on top 5 launch mistakes + my $4272 Launch plan. Register here.
- Business Plan: Being 6 months through the calendar year + end of financial year in Australia, I did a business review. In the last 12 months I shared I made $83,136.47 in sales. I then set income goals for the next 6 months (for the 2018 calendar year) and for the next 12 months (the next financial year) and then updated my business plan to achieve it.
- Memberships: New content went into the 2 x memberships (monthly). This month Cake Business School is $1200 Markets Course, with 22 video training edited + recorded + uploaded with a mini eBook. That course is valued at $97 and members get it when then enrol in $1. For Blog Business School in the Money Making Lab additional workshops, worksheets and training with the most popular so far is…
- VIDEO’s – how I sell $10,000’s+ live and on-demand, every year (valued at $97)
- MEMBERSHIPS – passive income + how I have 600 members (valued at $197)
- EBOOKS – how I $2430 in 2 weeks + sold $5000 in 1 month (valued at $47)
- AFFILIATE – how I made $800 in 1 month from 1 x affiliate in ShareaSale (valued at $47)
- COURSES – how I sold 38 spots with no website page, including ‘swipe copy’ (valued at $67)
- SPONSORED POSTS – how I made $650 from 1 x email, including ‘swipe copy’ (valued at 97)
So, while not working much, not working many hours. I achieved a LOT. Makes me think how I use my time + value my time (and how much fiddle farting do I do??)
While not working I’ve been doing a tonne of personal stuff. It had been sitting at the bottom of my To Do list for a long time and now I had all the time to do it!
These last few months I:
- Wills: I updated my + my boyfriend’s Wills, as well as my ”company” will (instructions for my boyfriend, my wishes, the details, etc)
- Tax Return: Prepared, completed 3 x tax returns for me and my boyfriend and the company. I made $83,136.47 this financial year. I use the Profit First system (it’s a book, get it) and my operating expenses are 21%, I pay wages, tax, superannuation and bills with easy + stress free.
- Superannuation: Researched + read a lot of books to understand better as a tax advantage AND as an investment option for retirement. Created a plan for our super for the two of us.
- Insurance: Personal, health, dealth, business, disability. All the things to think, to research, to figure out and to organise. That totally happened and is sorted.
- Child Support: CSA = the bain of my existence. Hours of my life I’ll never get back. Updating. Notifying. Projections. Paperwork. Then redoing a month later, because they recorded for only 1 month (?!?)
- Centrelink: government online portal + figuring out family tax benefit now we have a child living with us 50% of the time. Lodging claims, phone calls, meetings, offices. All that stuff.
It’s all a bit rambly, but you get the picture. All of THAT got done.
Let alone parenting. PARENTING.
Actually closer to 75% of the time in the last month. With challenging behaviour (back-chatting, rude, disrespectful, mean).
Trying new things (anything) for change. So far, what seems to be working is: writing a list of Family Rules that we all agree to. An earlier bed time (8pm instead of 8.30pm). Less TV – much less and no (NO) cartoons. Her dad doing nearly all disciplining.
July 2018 INCOME REPORT
TOTAL INCOME – $11,090.94
CBS – Cake Business School
BBS – Blog Business School
|of TOTAL $11,090.94|
|CBS 1-year||$ 1025.00||22%||9%|
|CBS x $1 trial||$36.00||1%||^0%|
|BBS recurring||$ 531.00||11%||5%|
|Cupcake Business In A Box||$ 375.00||8%||4%|
|Startup Kit||$ 394.00||8%||4%|
|Price. Market. Sell||$ 3,812.96||81%||34%|
|Cake Growth Kit||$ 97.00||2%||^0%|
|Recipe Book||$ 28.00||^0%||^0%|
|AD REVENUE||$ 988.79||9%|
|Ultimate Bundles||$ –||0%||0%|
|GDPR + Convertkit||$ 19.60||5%||^0%|
|GDPR Compliance Pack||159.23||45%||1%|
Note – the discrepancy between $4272 in sales and this income report, is the payment plan customers, where sales will comes through in August.
- Related article: How I Made $2430 in Sales from a $10 Product
- Related article: ConvertKit Demo & Review
- Related article: Bluehost Suck. Why I Migrated to Siteground
- Related article: How I Have Nearly 300 Membership Members & Make $ Thousands Monthly
TOTAL EXPENSES – $3,759.21
- Libsyn – $21.06 (podcast hosting)
- MemberMouse – $54.46 (membership site for Cake Business School & Blog Business School)
- Siteground – $280 (website hosting – Bluehost suck. Why I migrated to Siteground.)
- Affiliate payouts – $2292.07 (partnership JV )
- Fees – $426.98 (PayPal and bank fees)
- Sucuri – $284.65
- ConvertKit – $684.64 (for this website for 12 months). For Angel Foods website I pay yearly as I pay for 10 months and get 2 free).
I have paid for a years’ worth of ConvertKit for this website and Angel Foods (email service provider), instead of paying monthly, I bought a year and got 2 months free. See ConvertKit demo here.
Tailwind (Pinterest pinning app) I did the same and bought a years’ worth which averages the cost at $10.93 per month. See Tailwind demo here.
Note – from my gross income I pay myself a wage, pay myself superannuation and pay a mortgage.
THERE'S MORE WHERE THAT CAME FROM!
Get more juicy + delicious inspiration and advice with occasional emails (plus virtual cupcakes), free tutorials, business tips, some promotional emails with products & services and my $ income reports AND how I earn over $7000 per month from my blog!