When I started my online entrepreneurship journey I took a lot of inspiration from others that were sharing everything they did online. Seeing that people like me were making REAL money and that the opportunity to replace my day job was possible.
It has been 3 years since I left my day job and without me creating my own income reports I am not sure if this would have been possible – https://authoritywebsiteincome.com/quit-my-job/
The more transparent and useful the income report the more I appreciated and was motivated by it.
Over the years I have tried to be as transparent as possible sharing along the way my goals, business successes/failures and the ultimate results(profits).
After years of sharing monthly income posts I decided that it made sense to stop these… a decision I actually regret as I wish I had found a way to keep sharing some of what I was doing. My reason was as my online world and “real” worlds became more tangled.
Looking at many of the people that originally had an income round up they have also stopped. Namely the most famous in the space Pat Flynn no longer does income round ups at SmartPassiveIncome.
Today I am going to start a monthly series looking at some of the most inspiring active income reports and what you can learn from them.
I have tried to add ones here that do a great job of providing inspiration to you no matter what stage of the business you are at.
I will cover…
Last Month Profit – $16,736.00
Name – Ron Stefanski
Website – onehourprofessor.com
Business Model – Authority Affiliate Site
Income Report – http://www.onehourprofessor.com/july-2019-monthly-income-report/
Last Month Profit – $6,652
Name – Lidiya
Website – letsreachsuccess.com
Business Model – Blogging
Last Month Profit – $1,392.11 (Niche Site Project 4 Only)
Name – Spencer Haws
Website – NichePursuits.com
Business Model – Authority Affiliate Site
Income Report – https://www.nichepursuits.com/get-ready-niche-site-project-4/
Last Month Profit – $10,145.10
Name – Johnny FD
Website – johnnyfd.com
Business Model – Mixed – Dropshipping & Investing
Last Month Profit – $37,450
Name – Jon Dykstra
Website – fatstacksblog.com
Business Model – Authority Website (display ads)
Income Report – https://fatstacksblog.com/income-report-july-2019/
Although they don’t do exactly income reports there are a few reports that are worth mentioning and when they publish new reports I will be sure to include.
A couple examples of ones I will be sure to cover are…
EmpireFlippers – Quarterly Report
AuthorityHacker – Case Study w Real Numbers
Am I missing any I should include? Please contact me I am missing anything.
August was the type of month I like most where I felt like we were pushing hard on lots of fronts and risking more then we have been recently and the result was some big wins and some big failures!
As an old ski racing coach liked to say…
If you are not falling occasionally you aren’t trying to go fast enough!
Another month and another little canoe trip! 3 done this year and only 1 left.
Below is my income and business report for Aug…
Hopefully, this post will shed some light on how I build/operate my online business and gives you some useful insights. There are plenty of areas for improvement in my business and I try to highlight these as well!Continue reading
Any month we are able to hit our targets is a good month.
July was a month where it felt like a couple businesses plateaued and a couple were able to break free from previous plateaus to new heights.
Summer is in full swing and I was able to get away a couple times for 2 canoe trips in July. On a conference call while in the middle of the woods was a fun time.
It was also the first time I was able to take my 4yr old son on a Canoe Trip and he had a blast!
I am in a constant battle for balancing speed and control… for some projects, I like to step on the gas while others need a little more infrastructure built up to handle the growth.
Thoughts on Team Building:
A VERY large amount of my time in July and Aug has been on thinking about building my team and when to hire locally or remotely.
One critical thing I have decided is…
Hire in house for culture fit / ambition / work ethic / raw intelligence AND pay for skill sets on the open marketplace. What I mean is I would rather have a hard working ambitious, intelligent great cultural fit who never heard of SEO then a poor fit that has all the skills. All the “skills” in this space can be purchased on UpWork.
Below is my income and business report for July…
Hopefully, this post will shed some light on how I build/operate my online business and gives you some useful insights. There are plenty of areas for improvement in my business and I try to highlight these as well!
Hope your summer is going well and your business is growing J
The Business “Divisions” For My Online Business:
Below is my businesses main goals for 2017…
3 Goals in 2016 for my Website Portfolio Business
July Update – It is tough to understand the performance of this site right now with the number of 301 building blocks I have applied to it plus some spikey articles.
July Update – One little AdSense site purchased and one small productized service business purchased. I will be talking more about the one soon enough (some people may have already received an email about that story).
If any readers are looking to sell their profitable site(s) VERY QUICKLY let me know by emailing me. I can let you know in 12hrs if I am interested and complete the purchase in 24-48hrs – Contact Me Here
I have found the right sellers are those…
If you have a profitable website you are looking to sell fast please let me know
July Update – Although it doesn’t really show it there has been some good progress on increasing the earnings per visitor on several properties associated with this scalable new site creation effort for the year. Traffic continues to move in the right direction and I need to still substantially improve the earnings for several more properties.
PRIMARY GOAL – OVERALL INCOME FOR WEBSITE PORTFOLIO GROW TO $15k/MONTH CONSISTENTLY
July Update – The portfolio performance doesn’t look way better then other months but for the first time in about 6 months we had a month I was satisfied with in terms of our efforts showing clear results. Looking forward to continuing to improve the performance here!
3 Goals in 2015 for AuthorityWebsiteIncome.com
July Update – A “perfect” month… no missed posts and me and my team put a lot of effort into trying to provide as valuable posts as possible!
July Update – No Progress
July Update – No Progress
PRIMARY GOAL – GROW TO 30k VISITORS PER MONTH
May Update – 12,456 which is lower than I would like to see! Need to continue to push
July Update – Seeing the team come up with procedures without me prompting them and it being fundamental in everything we do is starting to pay off. We are seeing a new problem where the rate of procedure creation and the organization of those SOPs is not where we need it to be.
July Update – This is moving into becoming a new offering that will open up natural link building to even more people! We are continuing to see great results for clients on both the Done For You PBN and UseMyPBN service.
June Update – A weird billing nuance where anyone who signed up on the 31st got billed on the first showing up in July vs June has this number a few thousand less. CHURN is the enemy of any growing recurring subscription business! For us we were experiencing some awesome growth numbers but with a big push last month and then some normal/happy customer churn we have seen this growth slow.
June Update – Achieved – The TurnKey affiliate sites ready in 24hrs are selling out in a handful of hours every time we launch!
PRIMARY GOAL – SYSTEMATIC GROWTH!
July Update – We are working on another larger deal at a discount. The Due Diligence for this one has a little more “hair” on it then we would like!
Original Monthly Net Income Target (original goal $15k/month reliable income by age 35)
Gross revenue is a vanity number for my business and I do not share it.
July was a solid month… there continues to be a LOT of opportunities on the go and I am continuing to try to best balance everything that is in front of us.
The extra help from the co-ops this summer has been great and their contributions will be missed!
June was a solid month. Although the results did not hit the target we were still able to push forward a lot of larger initiatives.
In particular, the team has a few big projects that are on the go and we are pushing hard on some larger goals.
The results from this month were a little disappointing! Having been growing nicely and having a string of very solid months back-back it felt like a step backwards when the final results of this month came in. However, when I sit back and look at the overall/absolute results I really shouldn’t be disappointed… but alas human psychology is cruel and regardless of the size of the earnings one key to satisfaction is growth.Continue reading
May was an interesting month!
It was a month that started out very poorly and with my increased staff costs it was looking like it would be a tougher month than I would like. But… a strong end of the month for a few of the businesses really turned it around.
The team stepped up nicely and really pushed the business through the middle and end of the month.
Several parts of the business are not performing where we want them to be and we are working on making adjustments so we are more reliably hitting our goals!
The traffic to our money sites is growing very very nicely but our monetization is still weak.Continue reading