October 2011 Self-Employment Income and Expenses

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!

October 2011 Income Breakdown:

BEST MONTH EVER!!! 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 am also cutting back on my other income streams in order to have time to expand my advertising business. I still need to write the eBook whose idea actually inspired the creation of this blog, but that is on the backburner for now. I also hope that my Budgeting in the Fun Stuff newsletter helps me promote affiliates I actually like.  When my passive income streams beat $200 a month, I will start listing them separately from the rest of my site ads.

October 2011 Expenses

  • Outsourcing: $819.00
  • Paypal: $903.51
  • Ticket to the Savvy Blogging Summit:  $282.87
  • Ticket to the Blogher Conference:  $203.94
  • Empire Expansion: $905.34
  • Scribe SEO software: $27.00
  • Love Drop: $20.00
  • Yakezie: $32.00
  • My Newsletter Monthly Giveaway: $25.00
  • TOTAL: $3218.66 (about 17%)

I am now outsourcing my social media, my BFS newsletter, blog carnival submissions to Melissa Batai at Mom’s Plans, niche site development for 6 new niche sites, my backups and back end work, and any sponsored posts.  Plus, Jesse and I are buying up at least 1-2 dormant sites a month to grow our online empire, lol.  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. I always hope the niche sites and the blogs I buy in order to expand end up making me some money in the long run since they cost me a bunch right off the bat.  So far, so good.

October 2011 Net Income = $15,494.53

Please keep in mind a third of that is being put away for taxes. BUT WOOT!!!  Since this is the second month in a row that I beat the $10,000 mark, that is what I am aiming for from here on out.

Any recommendations, questions, comments, or anything?

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16 comments to October 2011 Self-Employment Income and Expenses

  • Holy cow that is awesome. One edit, you might want to change the list bold title to read “October” 2011 net Income.

    Awesome to see you kicking it!

  • Holy crap, Crystal! That’s effen awesome.

  • @MoneyforCollegePro, thanks and thanks for the edit. :-)

    @Jason, *BIG SMILE*. Thanks!

  • Wow, you are truly an inspiration to others who look forward to quitting their day job someday! Keep up the great work!

  • Congratulations. Do you find that carnival submissions help with traffic? I am considering doing those more frequently but would want to outsource it since I find it incredibly tedious. Do you think it is worth the cost?

  • @Peter, thanks!

    @cashflowmantra, carnivals provide a little extra traffic, like 20-30 people per carnival, but their big benefit is back links, which leads to a better site ranking. And yes, outsourcing carnivals is totally worth it in my opinion!

  • Congratulations on your success! Fantastic stats! So, here is my question, now that your income is so high, are you and your husband going to consider donating more to charity. That question is not meant to be judgmental at all, but I’m just curious if it is common for people who see a big increase in income start to feel more financially secure and that frees them up to give some of their wealth away.

  • @Amanda, now that I do work from home, I am volunteering as a substitute driver for Meals on Wheels and have donated $20 extra here and $25 extra there, but nothing else has changed yet since the majority of our extra money is being re-routed to paying off our mortgage and investing for the future. I have found that I am way more willing to cover nights out with friends though…

  • Congrats on the great month, seems like its working well for you and hope it keeps up. Set higher goals, nothing like positive thoughts to push reality!

    Really should talk more with you on the advertising, see if I can get a boast in my passive income

  • That’s ridiculously high!

    Congrats! now my blogging income looks like pennies found on the sidewalk! you beat me 2 months in a row! great job!

    it’s crazy how you just made your yearly income in 2 months ;-D

  • @Jeff, send me an email anytime. Thanks for the kind words!

    @TFB, it is nuts to think about what I was making compared to now…it’s a but scary actually since I never did any research on investment vehicles for joint incomes over $170,000 a year, so now I feel like I am starting all over again with research…

    And I wouldn’t scoff at what you bring in at all!!! You and I are right at the same level and you only spend a fraction of the time I do on it…that’s some excellent return on your time!!!

  • [...] How I Make Money Blogging - October 2011 Self-Employment and Blogging Income by Crystal Stemberger I’m sure none of us have the desire to quit our day jobs working for [...]

  • I saw a tweet from Matt Jabs the other day:

    “Switching from PayPal to Merchant Plus and Authorize .net for my online payment processor.”

    These other services may be worth investigating give the sheer volume of business you are doing. Your PP fees are 28% of your expenses. Reducing those would help improve the bottom line.

  • Are these numbers REAL?! Holy Cow! Definitely an inspiration for a dreamer like me. How many hours per week (avg) do you dedicate to your blogging and other work-from-home/online ventures? Just curious, as I struggle to find time to work on mine after my 50+ hour per week at my day job and my higher priority family time.

  • Hey Crystal, you actually beat me big time this month and you definitely earned it! you should be proud!

  • [...] I like knowing that whether the company fails or prospers my family won't be affected by it.  Creating passive income streams is one of the best ways that you can use to build up your financial …pon hours each day toiling and laboring. Naturally though there is some risk with passive investing [...]

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