Welcome to my monthly income report!
April was the good month that could have been so much better. One of my posts went viral on Savvy Scot just when I had taken down my ad banners. With over 100,000 pageviews just for that one post (that’s about 80% of a normal month traffic), I lost quite a bit of revenue. Lesson learned.
I also took some time off in April, as a few family matters required my support, and I didn’t get to work on improving the blogs as much as I had wished. Make Money Your Way still got a redesign, and I would love to hear what you think!
$300 my 20 hour a week VA
$10 for a couple of Fiverr gigs.
I am using Tailwind for my pins, which is paid for the year ($120, use the link to get a free month) and it saves a ton of time managing Pinterest.
Total spent: $310
I am planning on investing more on the blogs during Q2, but don’t know where to as of now.
Reach Financial Independence $2,505
Make Money Your Way $1,995
Savvy Scot $1,090
Freelancing for other sites and non blogging ventures: $1,850.
I made $770 freelancing in March and $4,000 in February. It seems like the work/time involved in the $2k range is a good balance between income and commitment.
Total blog income for April 2016: $7,440
Net income: $7,130
An $1,500 increase from last month that could have been much more had I taken advantage of the extra 100k visitors on Savvy Scot. I’m still happy with the results.
I set the bar quite high this year, after making about $70,000 in 2014 and $60,000 in 2015 (with less than half the work), to make $100,000 after expenses in 2016. That translates to about $10,000 a month as I want to invest a lot in content and delegating tasks, like I did in Q1.
I should have made $33,333 net so far, I am $11,820 behind haha.
But it is OK. May is looking like it will be the first month where I don’t dig a deeper hole in the ground for myself, and hopefully it will only get better from there.
In January, it felt like I was getting ready for this year. I worked hard on the design makeovers, pushing social media, making lists of where to get published for more exposure (and got into HuffPost!). So I am not too worried about being so much behind on my goal.
With a busy April and May, I lost a bit of motivation when it comes to growing my income so much, but now I also have new investing goals and I’ll be needing some cash. These blogs are the perfect way to try to increase my income.
As usual, 10% of that income will go to finance an education project in my village, I am in the red at the moment as the project costs about $800 a month which is well over 10% but it is going well! I am adding more computers and more English classes for the kids.