July 2017 – Blog Net Income Report

Welcome back to another monthly income report on So Over This! This is my usual foray into my revenue and net earnings that I illustrate and publish for you all of you voyeurs each month. The best earnings are the kind that you make from the comfort of your own home! If you  want to replicate the earnings you see, or some form of them, check out my quick and easy tutorial on how to start a blog yourself.

I’ll cut to the chase and you can see a snapshot of monthly revenue and expenses for July, and then an explanation and path forward as usual:

July came in at $84,000! Another good month in the books, but still lower than I expected. If you recall, last month was around $15,000 in earnings and I’m definitely not complaining but it was at a lower run rate than I have grown accustomed to. The lower earnings were primarily a result of past dues that I didn’t collect on time, and I somewhat expected to be caught up on collections in July and thus expected to hit my first 6-figure monthly earnings. I only record payments once I physically collect the cash. My business is run entirely on the cash-basis method of accounting, which it makes it simple to track…money-in vs. money-out.

Now on to my expectations, goals updates, and what’s to come over the next several months:

Acquire more websites and assure they are higher quality: I have been overwhelmed with the amount of work on my plate currently, but I am itching to buy up more sites again. I have seen the impact of buying up new sites on increasing revenue and earnings. I simply can’t deny that I need to continue to invest copious amounts of capital back in the business to both sustain and grow it. As I have been saying, if I expect to stay with higher quality sites then I must be prepared to starting spending incrementally more on each one.

Increase my customer base: Believe it or not, this was the first month I signed up for a LinkedIn premium account. Until now, I never saw the necessity for paying for the premium account. However, I am immediately seeing the payoff this past month. I’m happy with my day job and not looking to go anywhere, which is why I never really thought twice about what I would use LinkedIn for. When it comes to my online media business it makes all the difference in the world! I am able to directly message and outreach to potential customers and digital marketing agencies, even if we aren’t connected. Likewise, premium or not, LinkedIn is just a powerful networking tool for any entrepreneur. I am starting to build an online following on there and getting customers that find me themselves…can’t beat that!

Work towards becoming a full-fledged digital marketing agency: These efforts have totally stalled out for the time being. I essentially need to build out the website first, market it to some current customers, and then go from there. For the time being I will focus on everything else above that should inevitably lead to reaching this goal eventually.

Remember… it all started with one website…my entire business began with just starting a single personal finance blog! Now I bring in revenue over $1,000,000 annually, and my net earnings won’t be far behind that. I’m not a coder, I don’t understand anything that a website plug-in can’t do for me. I’m a technical idiot. My expertise and strength has been in my persistence to simply grow a business online and not to get discouraged and stop. It took a me nearly a year until I earned a dime from my blogging, and now I’m close to earning 7-figures annually.

My ultimate goal isn’t to retire, but rather, be financially independent. I work a day job currently, but the important part is that I don’t have to. I do it because it’s a challenge, I like the people, and I choose to do it. Eventually I might choose to do something else, and I am fortunate enough that I should be able to pursue whatever that is when the time comes.

Think of something you are passionate about and create a blog and put some effort into it! You don’t necessarily have to be the best at it…it only require passion and patience, and the money will eventually follow. Just go to my Easy 4 Step Tutorial on How to Create Your Own Website and get started. The sooner you start the sooner you can carve your path to financial independence!