June was an absolute whirlwind month. Even though the summer is usually a slow month for blog income, I still made over $12,000 in June.
Plus, I was on TV for the first time. I paid off my final credit card. And I earned over $12,000 with my online business. I truly couldn’t ask for a better month.
This month is shaping up nicely too and I was honored to be a part of The Money Summit.
My session was all about The Importance of Earning More (and How to Do It!).
Earning more has been a big part of my success with paying off debt and building savings, so it was so exciting to sharing about it at The Money Summit.
If you didn’t make it to the live session, you can still get all of the sessions here. You’ll get lifetime access to over 25 hours of financial content about lots of different topics!
In my session, I shared an awesome list of 77 Ways to Earn More Money. You can fill out the form below to get access to the list.
Now, back to my online income from June. 🙂
Why Share My Online Income?
I’m often asked why I share details about my income online. I definitely don’t do it to brag! The reason I lay it all out there is to be as transparent as possible about how much work goes into running a successful online business. It’s no cakewalk to be sure!
Sharing my online income also helps me stay accountable too. I love seeing how this business has changed and grown since I started freelancing part-time back in July 2014. Now, I do this full-time and have been for almost 2 years!
Here’s a look at my online income and expenses for last month.
VA/Blog Management Services – $6,974.42
Freelance and Ghost Writing – $2,975.00
Sold FinancialConversation.com – $2,500.00
Coaching – $0.00
Advertising and Affiliate Income:
Survey Junkie – $22.50
Direct Advertising – $100.00
Learn how to make affiliate income with Making Sense of Affiliate Marketing. I highly recommend it!
Because I truly want to be transparent about how much time and effort it takes to run my online business, I like to share my expenses with you too! I wish more bloggers would share their expenses so readers know what it truly costs to run a blogging business.
The expenses listed below are only what I paid out of my business account this month.
You won’t see a line for internet because that is something I would pay for even if I didn’t have an online business. (But yes, I do get to deduct most of it now that I have an online business.) So, keep that in mind.
Contract Services – $3,050.77
PayPal and Other Fees – $105.14
Facebook Ads – $1,368.97
Board Booster – $10.00
Meet Edgar Annual Subscription – $490.00
New GoDaddy Domain Name – $12.17
New Computer – $47.63
Travel (Hotel, Meals, Gas) – $249.03
Total Expenses: $5,530.71
Income less Expenses: $7,041.19
June had some high expenses!
I paid for my annual subscription for Meet Edgar, and I bought a new course to help me learn more about affiliate marketing. I’ll do a full review of Making Sense of Affiliate Marketing Course once I’m done with the course.
My computer is paid off. Woot! I wasn’t in a hurry to pay it off early since I had it financed at 0% interest, but it’ll be nice to not have that payment anymore. 🙂
PayPal fees are always my least favorite expense. I know they would be WAY higher without FreshBooks. I can’t recommend FreshBooks enough if you are a freelancer who is primarily paid by PayPal. It can help you save a TON on PayPal fees. Plus, if you use my link, you can try FreshBooks free for 30 days!
Last year I started using Board Booster to increase my traffic from Pinterest. It has worked well, so I increased to a larger plan back in January. I plan to increase my plan again soon so I can keep growing my Pinterest traffic. I also use Tailwind, but I pay for that annually, so that’s why there’s no charge shown for it each month.
Don’t forget, I don’t get to “take home” that entire $7,000. My online income has not been taxed. So, I always set aside a large portion of it for taxes. In June, I had my second quarterly tax payment for 2017. It was brutal. 🙁
If income reports get you jazzed, you can see all of my online income reports on this page!
Just to see how far I’ve come, I averaged my monthly online income for the 36 months I’ve been freelancing. Even with the part-time months at the beginning, my average monthly online income (gross) is $5,464.63. My 12 month (gross) average is $10,033.11.
Did you make any income online last month? Don’t forget to ask questions below. They may be covered in a future post!