Welcome to my monthly income report for August 2016!
Since October 2015, every month I publish a detailed report with all the accounts for my online businesses. On them I include the earnings and expenses, I tell a little bit about my personal experience and what new things I have been trying during this period of time. I explain as well what my future targets are and if the previous ones have been achieved or not. Why doing this?
It helps me to keep track of my personal finances. In any moment of time, I can look back at my reports and see what steps and results I got from determined strategies, like a log book.
Increase trusting. I also want to show you that I am a real person starting from the first step. There are many amazing bloggers out there reporting their incomes of thousands of dollars, but I found very little bloggers reporting low amounts of money like me. I think this can help to starters and to people who are not decided yet to start their own online business.
Motivation. Writing here my results will put me on that kind of uncomfortable position in which I need to demonstrate that I can go one step further instead of getting lazy and rely on excuses. My finances are open to everybody!
I know that every month I say the same, but it’s the truth. All earnings here reported are coming from Passive Income sources. I am not including any kind of outsourcing because the intention is you show you how far I can go with only passive income sources.
This is my 11th month reporting my accounts and I simply love it! I’m very close to complete my first year!
You can have a look to my previous monthly income reports:
Income Report October 2015: $75.91
Income Report November 2015: $117.61
Income Report December 2015: $161.53
Income Report January 2016: $228.33
Income Report February 2016: $296.40
Income Report March 2016: $376.70
Income Report April 2016: $307.27
Income Report May 2016: $346.96
Income Report June 2016: $374.83
Income Report July 2016: $710.84
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CONTENT CREATION
For the purposes of this section I will include the posts/pages created for each of my Niche Sites and then for the PIW blog:
Niche Site 1
I didn’t spend almost any time updating this website during August, because this Niche Site is running by itself. I just checked that everything is running fine and that the server doesn’t have any problems.
Also, I answered few comments and I did a bit of maintenance. I spent no more than 1 hour in total.
Passive Income Wise
This month I didn’t publish anything new in PIW. I know, I know, but I’ve got marry and I have been totally disconnected to my blogs for almost a month. I did miss it.
During August I didn’t work much for this blog as I’ve been kind of busy traveling with my family around Spain and the UK. We visited Sevilla, Cordoba, Madrid, Ciudad Real, Toledo and Segovia. It was simply amazing! It’s always good to have some time back home.
But still, I earned some fresh income.
INCOME REPORT
Google Adsense (from niche site 1): $41.10
Previous Month: $45.57
Diference: – $4.47
The Blogger Network (from niche site 1): $147.62
Previous Month: $149.89
Diference: – $2.27
PadSquad mobile ads (from niche site 1): $174.55
Previous Month: $137.94
Diference: + $36.61
YouTube (from niche site 1): $0.30
Previous month: $0.37
Difference: – $0.07
Amazon Affiliate Program: $10.69
Previous month: $46.80
Difference: $36.11
ShareASale Affiliate Program: $4.05 Click here to read my post about ShareASale
Previous Month: $1.00
Difference: + $3.06
Grammarly: $0.20 Click here to start using Grammarly for free
Previous Month: $0.00
Difference:+ $0.20
Qmee: $0.58 Click here to read my post about Qmee
Previous Month: $0.78
Difference: – $0.20
Bluehost: $0.00 How to start a blog with WordPress and Bluehost
Previous Month: $0.00
Difference: + $0.00
AppCoiner, Get Paid To Test Apps (from ClickBank): $0.00
Previous Month: $0.00
Difference: + $0.00
Redbubble: $5.23
Previous Month: $5.07
Difference: + $0.16
Disqus (Ads in comments): $0.83
Previous Month: $0.00
Difference: + $0.83
Freelance Work: $107.50
Previous Month: $323.44
Difference: – $215.94
Another month with zero earnings from Bluehost. Hopefully one day I will get anything from it because it’s a really good service to promote and for somebody trying to start it would be an amazing purchase.
EXPENSES
In February I needed to upgrade the hosting for my Niche Site 1. Before I was using a shared hosting with a limitation of 150 GB of transfer data, now I have my own VPS in where I have up to 5,000 GB and host unlimited number of domains. A total of $66.00.
Freelance Work Expenses and Charges: $21.50
The initial investment for the hosting and domain name (for PIW) was done in October and this one is already running for free. Next month I will need to renew it.
Net Total Balance: $491.94 – $87.50 = $404.44
Previous month: $528.25
Difference: – $123.81 (-23.4%)
August was a really good month. The expenses were lower compared with July and that means I am reducing unnecesary costs. However, next month I will need to renew the host and domain for this website. The freelance work is coming from people who contact me to hire my services. It seems some readers like the way I do things. Great! More than $100 this month will help to cover the VPS expenses.
This is my 11th month reporting my accounts and it seems to be stable now in term of passive income (which make me so happy). Obviously, it’s nothing to compare with other famous bloggers (which you can find in my Favourite Bloggers Income Reports), but for a starter like me, it’s considered an important milestone. I am having more than $400 profit and this is starting to be very exciting.
If you are thinking about starting your own blog, I created a tutorial-guide that will help you start your own blog for cheap, You need very little investment, starting at only $3.49 per month (this deal is only through my link) for blog hosting. Additionally, you will get a free blog domain (valued at $12-15) through my Bluehost link, only if your purchase is for at least 12 months of blog hosting. My recommendation is for you to be self-hosted. This is important if you want to monetize your blog because your website will look more professional.
The graph below shows my income and expenses since I started with my Niche Site 1 in February 2015. It seems incredible that I’ve been on this for more than one year!
The graph below shows the balance or profit which is calculated as:
Balance = Income – Expenses
Did you like my August Income Report? Are you interested in earning income online?
This post contains affiliate links. These products have helped me to grow my blog and to generate more passive income.
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