Welcome to October’s online income report. It’s time to look at my monthly income report and track my progress over the past month.
Background information on my monthly income reports.
This all started out as my extra income report because before October of 2013, I still had my day job (yes, it’s now been one year since I quit!). In those extra income reports, I included all of the income I made except for what I earned at my day job.
In September of 2013, I turned in my notice and my last official day at that job was in October of 2013. Now, my income reports consist of the many different ways I earn an income.
Many have asked why I would ever want to publicly post my income each month. I publish these monthly income reports for two main reasons:
- Before I started blogging, I knew nothing about side hustling and making money online. I didn’t think side hustles were worth the time, and I thought the only way to really increase your income was through your day job through raises and promotions. If it weren’t for others publishing their monthly income reports each month, I don’t know if I would have ever attempted side hustling. I want to help others see the positives in side hustling and how it can change your life.
- I also like to publish my income reports each month because it’s a way for me to look back, learn from my mistakes and see what I need to change or improve on. My monthly income posts are a great way for me to look back and keep track of everything. It’s also entertaining to go back to older income posts and read about the funny things I did to make extra money. Everyone’s got to start somewhere, right?
I know I say this every month, but it is the truth. Life is great now that I am doing what I want to do. I look forward to each and every work day and it is a wonderful thing. I love what I do so much that it is often hard to break me away from working. That is something I would have never felt at my old day job.
October was also a great month because I won a fun giveaway. I didn’t include the giveaway amount in October’s monthly income since it is not related to my business. I am extremely grateful for the winning though and it has motivated me to start entering more giveaways. Are you a giveaway fanatic? I would love to hear what the best thing is that you’ve ever won!
Now onto my income report!
How was my online income in October?
October was yet another great month. It wasn’t as great as September, but I’m definitely not complaining.
I have several plans in store for future months and I don’t think I’ve been this excited about my business. I’ve always been excited, but right now I am EXTREMELY EXCITED. I’m hoping these plans and excitement will turn into successful projects, and an income as well.
I’m really trying to spend more time working on affiliate income, as I would like to have more of my income each month be passive. That way I can focus on other things that may take longer to build up (such as an ebook) but still be able to bring in an income and save for my financial goals.
Anyway, last month I made $15,245.81 in business income, before expenses.
This is for the month of October and before fees and expenses (most fees and expenses that lower the amount above total around $1,110, which includes VAs/staff writers for my other websites, technical assistance on my websites, PayPal fees, etc.) being taken out.
After expenses and fees, I made approximately $14,136. In the amount above, I do not include the amount I bring in to the websites I provide services to. I only include the amounts that are my actual earnings from my services.
Below are some of my other extra income updates (I publish an update every month but only included some of them below. If you go to my extra income page then you can read them all):
- $672 extra in May (2012)
- $1,425 extra in July
- $3,275 extra in September
- $6,523 in January Extra Income (2013)
- $11,927 in October Income – I Finally Left My Job
- $12,640 in January Income (2014)
- $15,272 in September Online Income
Blog News.
Nothing too big on MakingSenseofCents has happened recently. I did rearrange the menu above. I now have everything sectioned off into categories to make my website look a little more clean. I also added a Recommendations page that is currently a work-in-progress.
I also finally started promoting my newsletter on my blog and started accepting emails for it. I cannot believe I waited this long. If you are interested in starting your own newsletter, I recommend Aweber. I regret putting this off for so long.
Aweber is a MUST if you have a blog. It is a way for readers to subscribe to your blog posts and your newsletters. If you are currently using a free service such as Feedburner, you should switch immediately because that is the number one mistake bloggers make (and I made that mistake myself as well). You can start using Aweber for just $1 for your first month to test it out.
I accepted a few interviews, and some of them went live in October. Below is a little snapshot of a few of them:
- I did an interview for WiseBread that was published. You can read about me in the article How One Young Entrepreneur Paid Off $40,000 in Student Debt By Age 24.
- I was mentioned in the article ‘I Bombed a Job Interview’: 10 People Reveal the Mistakes That Cost Them a Gig on Learnvest.
- I was also mentioned in ReadyForZero’s article 17 All-Star Bloggers Share Their Best Fall Budgeting Tips.
If you are wanting to start a blog of your own, read my post How To Start a WordPress Blog. It gives step by step instructions on starting your own blog.
Wes’s website.
We haven’t done much with Wes’s website in the past month. Actually, nothing has happened. I need to stop forgetting about his website and put it at the top of my to-do list.
My plans for my website and online income:
- Publish an eBook – I have written down a few ideas for a two separate books, and started outlining one with different sections to cover. I’m not sure when or if anything will actually happen with either one, but it is fun to think about.
- Promote more – I have been getting better at promoting my posts. I have noticed that working on improving my images has led to more visitors from Pinterest, which is awesome! Some of you have asked me what I use for my images, I use PicMoney and I highly recommend them! They have a free service and also an upgraded service which is still very affordable.
- Accept more interviews. – I took part in several interviews in October. Saying yes to every interview opportunity has been a wonderful thing so far. I have my first podcast scheduled for December as well. I still get nervous with each and every interview, but it is something I am working to get over. Is this normal?
Staff Writing.
Staff writing is still going well, and I am looking to add one more client in November. That one client will probably be the last one I add to my list for awhile though.
Here’s my monthly shameless plugin: If any of you need a staff writer or just a one-time content writer, please let me know. Whether you need a couple of articles every week, or just a single post with no ongoing relationship, I am your person. I can write regular content and be hired as a staff writer, content to fill in gaps in your writing schedule, content for advertising and so on. My turnaround time is quick and I am reliable.
Update On My Blog and Social Media Management Services.
In the month of October, I managed several different websites for other owners. I’m still loving it and it’s an area that I hope to continue to grow.
Related articles:
Affiliate income – This is finally starting to grow!
Affiliate income is finally starting to grow! For the past three years, I never really gave affiliate income any much of a chance. I didn’t think it would be worth it before.
However, starting in September, I changed my mind about it and started putting more effort towards it. This effort is starting to pay off.
My affiliate income amount isn’t anything crazy, but it is something. I believe I am at about double where I usually am, and November will be an even better month because I will be receiving payments from October’s work.
Some of you have asked me what my method for affiliate income is. With affiliate income, what’s been working for me is that I am only reviewing products that I actually use and love. It makes writing reviews on these products much more fun since I know others can benefit from them as well.
Business and Extra Income in October ($14,136, after most expenses)
- Staff writing – $700
- Managing websites and social media for clients – $5,611
- Website-Related (From the 6 websites I own – advertising, partnerships & Adsense) – $6,885
- Affiliate Income – $940
- Selling Items From Our Home – $0
- Miscellaneous (not related to blogging and online income) – $0
- Mystery Shopping – $0
- Rent – $0. We no longer rent a room in our house and won’t be adding roommates.
One question I am asked nearly every time I publish my monthly online income report is whether or not I can further break down my income. I have never fully broken everything down line by line, and I do this mainly to protect myself and those I provide services to.
Most bloggers who completely break apart their income have most of their income coming from affiliate links, while I do not. Keep in mind that a majority of my income comes from private clients that I work for so sharing their name and what they pay me wouldn’t be the correct way to run a business.
Also, please keep in mind that I work for myself. This means that I have to cover all taxes (which are around 30%), health insurance, and all other benefits/expenses that an employer would normally provide.
Comparisons and 2014 online income total (after expenses, but before taxes)
- Total extra income for October: $14,136
- Income in September: $15,272
- Difference: -1,136
- Total so far in 2014: $135,722
How did you do in October? What are your extra/business/online income goals? Why do you work towards making extra money?
Leave a Reply
Wow, great numbers! We are working towards building up our emergency savings. It had gotten fairly low a year ago due to moving expenses and vehicle repairs. I’m working now on getting some items ready to sell that we don’t need, this will certainly help. 🙂
Thanks Betsy!
October was an outstanding month. I finally was offered a full time gig. I also had another successful month of making over $100 online. My goal for this month is to have 800 twitter followers.
Wow sounds like a great month for you Jason. Congrats!
Wow this is so inspiring! Thanks so much for posting all of this. It’s interesting to me to see this kind of stuff! And also- congrats on winning a giveaway this month 🙂 I actually just started entering giveaways and have won quite a bit- I am over the moon about it- Xmas gifts for my family 🙂
Thanks Stevie!
Do you mind me asking what you’ve won? I love hearing about giveaways!
Even though you’re down from last month, you are still killin’ it, lady! In a good way 🙂 What I need to figure out is those 6 other websites you manage – they’re not personal finance, I’m assuming… whaaaaa? I LOVE it, and I love learning more from you! Thank you so much for sharing 🙂
The other 6 are finance-related 🙂
Nice job Michelle. I’m also looking to add one or two new freelance clients ASAP, so best of luck to you (and me haha).
Good luck DC! 🙂
Congrats on another great month! I just started my blog, thanks to your blogging post and you answered dozens of questions for me a few weeks ago. Thank you for all of your assistance.
I love your income reports, they make me realize that anything is possible! 🙂
Thanks Sarah! Congrats on starting your blog. It’s great! Let me know if you have any questions about blogging- I’m always here to help! 🙂
Haha thanks!
Wow! Thank you for such wonderful information. I came to your blog by way of a giveaway but will be returning to read more about how to make some extra money! Thanks!
Thanks Jackie 🙂 Glad you found my blog.
Wow that is definitely a substantial income.
An income such as this would be a blessing here and would allow us to accumulate savings much quicker.
Wishing you the very best with your continued success.
jweezie43[at]gmail[dot]com
Thank you Jill. Do you work towards extra income?
So amazed by you every month! I would kill to make 1/3 of your income, lol! I hope I can grow traffic and affiliate income as well as get better paying clients. This past month was better than the previous month. So progress is good!
Good job on a better month! Progress is always great 🙂
Hey Michelle,
I think you are doing amazing for someone who has been blogging for about a year. I just looked at your blog management services. I think this is a great idea! There are so many corporate websites that I have visited specifically in the healthcare arena that leave their blogs unmanaged. I think you have a huge opportunity with this service. Thanks for sharing your success!
Hey Samuel!
I’ve been blogging for over three years 🙂 I did it on the side of my day job for the first 2 years, but I still worked on it for 40 hours a week.
I’ll have to look into those blogs. Thanks for the heads up!
Thanks for posting Michelle, this is very motivating and shows that it really is possible :)..
Out of interest, how long would you say you’re able to put into this? Am always looking to be more efficient with the time I spend on a side hustle..
Would love to read an E-Book you would write. Congrats on this and I’d say the monthly income goal I’d set would be 10K
Keep going strong 🙂
It’s really hard to estimate the time I spend each day. I’m on my laptop pretty much all day long, but I take breaks to go outside, to eat, to have fun, and more.
Wow this is a great insight to have. Very detailed and a well written article about your October reapings
Thank you Ritchy 🙂
WOW! Congratulations Michelle! you inspire and motivate me to work harder in earning money online. I’m so glad I’ve found your amazing blog through your cash giveaway! 😉
Thanks Karen! Glad you found me 🙂
Keep it up Michelle. Completely inspired every time I read these posts. Thanks for the openness.
Thank you! 🙂