August 2016 Monthly Income Report
Welcome to my monthly income reports. Each month I will be completely transparent with you guys about the money that I am making with my online business. I do this not to boast, but to show you that it is possible to make real money with hard work and dedication. This month I made a HUGE decision in my life AND my families. I decided to step away from my 9-5 day job that I had been a part of since May 0f 2005 when I was only 18 years old! Ah… To be young again 🙂
This decision was not made lightly, and my wife and I spent months praying and talking about the impact of this decision. After long nights and many different conversations, I came to the conclusion that I LOVE doing what I’m doing online and affecting other people’s lives. With all of that being said, I cannot wait to grow this site and all of my other online endeavors and sharing the process with you.
Multiple Streams Of Income
One of the key things to making money online is having multiple streams of income. As you will see in this report, I have, on a good month 5-9 streams of revenue. Try to find various sources of income that are different enough that if something catastrophic happens to say YouTube or another way you are making money you will be ok financially.
DO NOT count on one stream of income to be the only way you make money online.
What Happened In August 2016
September was another crazy month for me on the front of so many different things changing for me personally AND professionally. My YouTube Creators Hub podcast reached the top 100 podcasts on iTunes in the business category, which brought on many new listeners, and different questions coming through my inbox. I landed a rather large voice over job for a Fortune 500 company that was extremely fun to do as well.
I also tested a piece of software called “Hootsuite”, to try and streamline my social media presence BUT have found that it may not be the tool for me. If you have any tools that you use on a daily basis to improve your social media presence please email me and let me know what you use!
I also interviewed 23 new people for both of my podcasts, and learned so much about collaborating with other creators and how important that is!
Income Breakdown For August 2016
Bluehost – $460.00
I am an Affiliate with Bluehost and use their services to host all of my websites.
The two ways I am driving traffic to my Bluehost link is through Video and Blog Posts
Amazon Affiliate Program – $162.00
The Amazon Affiliate Program is a great way to get started with affiliate marketing. Amazon makes it easy to sign up and begin creating links to share to your audience. Utilize the Amazon links for product reviews, DIY project supplies, and so much more.
Grammarly – $43.40
I use Grammarly as my number one writing tool. Grammarly is a spell checker superhero. It allows you to fix grammatical mistakes beyond just spelling errors.
Here Is My Video Review Talking About Grammarly and How to Use It
TubeBuddy – $69.52
TubeBuddy is the tool I use with my YouTube channel that adds a ton of great features that the native Youtube platform doesn’t have. Features such as automatic Facebook video uploads, batch video editing, card templates, annotation templates, YouTube quick links, and so much more. If you are serious about growing your YouTube channel, this is a fantastic tool.
Here Is My Video Review Talking About TubeBuddy and How to Use It
AudioBlocks – $60.00
AudioBlocks is the tool I use for all of my Royalty Free background music, sound effects, and music loops. AudioBlocks is a great tool for Podcasters and anyone creating content online. For just $99 per year, you have full access to download as much audio as you need. The site is also updated each month with new audio.
Here Is My Video Review Talking About AudioBlocks and How to Use It
Screenflow 6 For Beginners Course
Screenflow 6 For Beginners – $132.00
I worked for 2-3 months on creating this course, and I am extremely pleased with how it turned out. I have learned so much about the course creation process, and cannot wait to share all of it with you guys. You can check out the course here.
Disclaimer: Google frowns upon people revealing what they make through Adsense and Youtube. I will list an estimate here that will be close to what I made this month. This is not an exact number 🙂
Adsense – $65.00
Sponsored Posts – $100 (This is the amount I was paid to write sponsored content on my blog, I recommend only doing this for products that fit your niche) The guys over at Money Ahoy have a great post on how to get Sponsored Posts Here.
YouTube – $1900.00 ( This is an estimated number as I am not allowed to share exact revenue numbers, but it will let you see the value in creating a YouTube channel and what it could become).
I have a rather large YouTube Channel called TechnologyGuru with over 120 thousand subscribers and 22 million video views. It has taken me a long time to grow this community, and the channel is a primary source of traffic for all of my other content. Video content is only going to get larger if you are building a community I highly recommend starting a YouTube channel.
Subscribe To My YouTube Channel Here
Subscribe To My YouTube Creators Hub Podcast on iTunes Here — On this show, I interview successful YouTube creators on their journey and get valuable content from them on the YouTube platform.
Podcast Sponsorships – $420.00
I have three podcasts in my Porter Media network, all of them based around content creation.
YouTube Creators Hub – Value for people wanting to start, grow and monetize video content.
Podcasters Unplugged – Value for people wanting to launch, grow, and monetize audio content.
Online Business Realm – Value for people wanting to start and grow an online business.
Teachers Pay Teachers – $16.78
Teachers Pay Teachers is an excellent site for educators to create digital and print items for other teachers to purchase and use in their classroom. My wife is an educator, and I saw so many PayPal payments to this site, I had to check it out. I have made a few items as I have some history in using Indesign and creating things for our church. I am still learning this platform and can see how with more work and items in my store I could make a decent passive income from this site.
Fiverr Earnings – $1,132.00
Fiverr is a tool I have used from the beginning. I have used this site so many times I have lost count. I have purchased video intros, WordPress tech support, funny videos for my wife, logo design and so much more. I began selling on Fiverr around three years ago as I am a trained Voice Over Talent. I consistently make over $900 each month from Fiverr and only see this number increasing as I devote more time and work to the platform.
August 2016 Total Income – $4398.70
August 2016 Expenses:
- Podcast Hosting With Libsyn: $60.00
- Upwork Virtual Assistant: $64.00
- Domain Names Via GoDaddy: $12.00
- Website Hosting: $65
August 2016 Total Expenses – $201.00
August 2016 Total Net Income – $4,197.70
Goals For Next Month:
- Create four new items for my Teachers Pay Teachers store
- Create two new gigs on my Fiverr account
- Post eight times on this blog (Online Business Realm)
- Launch the Online Business Realm podcast
- Reach out to potential sponsors for my Podcast
- Find the best Optin Form solution for my content to capture more email addresses and grow my list.
- Develop my Instagram following
In closing, the month of September brought many different (Exciting AND Scary) changes in my life. With that being said I am so excited in seeing what the future holds, and going on this journey with you all.