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!
September 2011 Income Breakdown:
- Ads: $4166.42
- Writing (Staff Writing and Ghost Writing): $615
- Freelance Online Tasks: $540
- Ad Negotiations for Other Sites: $7292.81
- TOTAL GROSS INCOME: $12,613.23
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 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.
September 2011 Expenses
- Outsourcing: $140
- Paypal: $714.68
- Empire Expansion: $757.67
- Scribe SEO software: $27.00
- Love Drop: $20.00
- Yakezie: $85.00
- My Newsletter Monthly Giveaway: $25.00
- TOTAL: $1769.35 (about 14%)
I am now outsourcing my social media, my BFS newsletter, blog carnival submissions, niche site development for 6 new niche sites, my backups and back end work, and sponsored posts, so my expenses will probably stay around this general level. 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 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.
September 2011 Net Income = $10,843.88
Please keep in mind a third of that is being put away for taxes. BUT WOOT!!! September is apparently always the best month for advertising income, so I am just aiming for $5000 a month from here on out.
Any recommendations, questions, comments, or anything?