October 2016 Monthly Income Report – $5218.00
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 am excited to announce that I have launched the interview portion of my Online Business Realm podcast. I have 25 interviews already recorded with more coming each week. On Friday mornings I will be releasing an episode of me having a conversation with successful entrepreneur’s, talking about their journey’s in hopes of bringing value to my audience. I haven’t been this excited about a project in a long time. I have had some of the best discussions about making money online with some of these fantastic people, and I can’t wait for you to give it a listen.
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 October 2016
October was another crazy month for me on the front of so many different things changing for me personally AND professionally. I had ANOTHER record month on Fiverr as far as orders and revenue and continued to rise in the charts in each of my gig categories. This for me is important, as last month I made some major changes in some of my main Fiverr gigs, in hopes of improving my ranking in search for specific keywords.
I also made almost DOUBLE the amount I usually make on Teachers Pay Teachers due to having some “Holiday Themed Products” for Halloween. I have found this to be a great way to get listed at the top of search results on TPT during months with holidays. I plan on really doubling down on this idea next year and have multiple items related to a specific holiday. Thanksgiving is already treating me well!
October is also the third month of me doing this “internet thing” full time, and not having my “Nine to Five” job to support me financially. I am proud to say that all of the bills were paid, and we were blessed to have some left over 🙂
Income Breakdown For October 2016
Bluehost – $540.00
Everything I do online is hosted by Bluehost. For only $2.95 a month, Bluehost can help you set up and host your blog/website. Because Porter Media is a Bluehost affiliate partner, our community can use this link to receive a 50% discount off the monthly price AND A FREE DOMAIN NAME
The two ways I am driving traffic to my Bluehost link is through Video and Blog Posts
Amazon Affiliate Program – $148.00
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 – $60.00
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 – $54.00
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 – $80.00
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 – $160.00
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 – $69.00
Sponsored Posts – $100.00 (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 – $1500.00 ( 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 – $625.00
I have four 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.
TubeBuddy Express – This show is an 8-10 minute podcast focused on one topic related to YouTube and video creation.
Teachers Pay Teachers – $82.00
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 – $1,900.00
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.
October 2016 Total Income – $5218.00
October 2016 Expenses:
- Podcast Hosting With Libsyn: $80.00
- Upwork Virtual Assistant: $180.00
- Website Hosting: $65
October 2016 Total Expenses – $325.00
October 2016 Total Net Income – $4,893.00
Goals For Next Month:
- Create four new holiday themed items for my Teachers Pay Teachers store
- Post eight times on this blog (Online Business Realm) * I am trying so hard to keep this one BUT it is so hard. Writing for me is the most challenging form of content creation.
- Reach out to potential sponsors for my new Podcasts
- Develop my Instagram following
- Connect with the top online Entrepreneur’s in different niches, and have them come on the Online Business Realm podcast.
In closing, the month of October brought many different (Exciting AND Scary) changes in my life. With that being said I am so excited to see what the future holds, and going on this journey with all of you.