I love reading income reports from my fave bloggers and business owners. Melyssa Griffin did them through 2015/2016 (and had multiple six-figure months - can you imagine?!) and the girls at Think Creative Collective are making bank every month and documenting their journey along the way.
I'm always super inspired by the transparency behind full-time online business owners who are making serious dough month-in, month-out and decided that no matter what I was earning - even if it was less than $200 for the month - I wanted to be that transparent with you guys too. That's still money that I earned by using my skills and it should be celebrated.
Windows into how businesses spend money help make tactical changes in your own business as well, so I invite you to ask questions and celebrate with me!
November was the first month that I started doing consistent VA work again. Well, sorta VA work. More like, a remote administration assistant. I started helping out a local builder with his bookkeeping and in going paperless, tapping back into my systems strategy roots a little bit.
Early this year I decided to give up on 1:1 client packages, thinking that they just didn't work for me. In retrospect it was me that wasn't working for my clients. I was chasing the sign-up and not honouring the follow-up. It got me in hot water and I really let down my first premium client and refunded her the $1000+ she'd paid to work with me (in instalments, to make the experience that much worse for her). I learned a lot but drained my confidence. I thought I'd never be doing 1:1 work again. I'm feeling the tug to look at my packages again though - we'll see.
I've been billing by the hour with my admin client and already I'm looking at raising my prices in January. I'm currently charging $40 an hour and it just doesn't feel like enough. I drive to his workplace on my way home from my day job to pick up his paperwork and I'm not charging for that. I'm considering factoring in a travel fee too. I'll keep you posted.
I completely forgot about a Convertkit commission that was getting paid into my old Paypal account and was pleased to find that I'm getting $8.70USD a month - thanks! It really makes me want to dig a bit deeper into affiliate marketing in the new year and will be teaching more lessons on Evernote* and Convertkit*.
For the month ended 30 November 2017
VA Work: $120
Affiliate - Convertkit: $11.58
Stationery for client work: $14.92
Bank Fees: $1.14
Office expenses: $36.34
Mobile phone & internet: $216.00
Total income for november = -$165.15
Year-To-Date (July '17 to June '18) Income = $466.80
I get my figures from a monthly Profit & Loss statement that I run in Xero - my accounting program. The trick to getting these figures is to stay on top of tracking my expenses. Invoices and bills get entered in every week and I reconcile my bank accounts on those weekly money dates (Finance Friday, yo!). I'll be teaching some more basic finance tracking lessons soon.
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