Since this blog is all about How I Make Money Blogging, I will be breaking down the past month’s online income and expenses at the beginning of each new month from here on out. You can see my traffic stats for my main blog, Budgeting in the Fun Stuff, at the beginning of every month too. So here we go!
August 2011 Income Breakdown:
- Ads: $2000.89
- Writing (Staff Writing and Ghost Writing): $737.77
- Freelance Online Tasks: $384.10
- Ad Negotiations for Other Sites: $3725.03
- Paypal Fees: $334.01 (I will be breaking this out below as an expense, but this money was earned throughout the rest of the categories)
- TOTAL GROSS INCOME: $6797.70
Not as great as July, BUT I AM STILL SUPER HAPPY!!! Please keep in mind that I had been working in a professional position with my very own cubicle from June 2005 to July 2011 for $35,000 a year (less than $3000 a month).
As you can see, I do have multiple income streams but I am severely lacking in regards to passive income. I still need to write the eBook whose idea actually inspired the creation of this blog. I also hope that my Budgeting in the Fun Stuff newsletter helps me promote affiliates I actually like.
August 2011 Expenses
- Outsourcing: $645
- Paypal: $334.01
- Domain Registrations: $85.32
- Scribe SEO software: $27.00
- Love Drop: $20.00
- Custom Logo Necklace for Financial Blogger Conference: $19
- Sponsored Giveaways at Other Sites: $15
- TOTAL: $1145.33
I am now outsourcing my social media, my BFS newsletter, blog carnival submissions, niche site development for 6 new niche sites, and sponsored posts, so my expenses will probably stay around this general level for another month and then fall by $250 when the niche sites are done. I am trying to keep my overall spending to less than 15% of what I bring in for right now just to help me feel comfortable, but I did hit a little less than 17% this month. I hope the niche sites end up making me some money in the long run since they will end up costing me almost $600 right off the bat.
August 2011 Net Income = $5652.37
Please keep in mind a third of that is being put away for taxes, but still, woot! I cannot believe I’ve increased my gross monthly income from less than $3000 to $6800 in less than 2 months! I am sure that this will not make me lose my mind from delirious happiness at some point, but for now, I am so very happy!!!
Any recommendations, questions, comments, or anything?