Welcome to December’s business income report where I show you how I made money online last month. It’s time to look at this month’s update and see how I did.
If you’re new to Making Sense of Cents, you may be wondering why I would want to publish my income report each month. You can simply skip to the next section if you’re not new here.
This all started out as my extra income report because in the beginning, it was all about the money I was earning from my side jobs. In my side income reports from the beginning, I included all of the income I made except for what I made at my day job.
However, I left my day job as a financial analyst in October of 2013 and now my monthly income reports consist of the many ways I earn a living.
Many have asked why I would ever want to publicly post my income each month. Some think I’m crazy, whereas some are glad I’m open about what I’m doing. Whatever you think, I enjoy publishing my monthly online income reports and I share them publicly for three main reasons:
- Before I started blogging, I knew nothing about side hustling and making money online. I didn’t think side jobs were worth the effort and I thought the only way to significantly increase your income was through raises at your full-time job. If it weren’t for others publishing their monthly income reports, I don’t know if I would have ever tried side hustling. I want to help show others the positives in side hustling and how it can change a person’s life. There are many different ways to make money online, and I like to share my story each month to help motivate others to improve their financial situation by making more money.
- Secondly, I like to publish my income reports because it’s a way for me to look back, learn from my mistakes and actually see what areas need improvement. I use my monthly income reports as a way to track how I’ve done and I treat it sort of like a journal.
- Lastly, I like to show others that making side money is possible and that there are many legitimate ways to make money from your home. If you are looking for information on the many ways to make money online, I published the article Monthly Income Report Roundup that showcases many successful bloggers who are kind enough to share their income with the public each month.
I know I say this every month, but it’s the truth. Life is great now that I’m my own boss and a full-time blogger. I look forward to each and every day and it’s a wonderful feeling. I truly love waking up every single morning.
Above are just a few of the reasons for why I enjoy publishing my monthly income reports. I like to show others that you don’t have to hate your job and hate your life. You can make changes to your life and make money in a way that allows you to truly enjoy the life you are living. I’m not saying that you have to LOVE your job, I’m just saying that your job should, at least, allow you to do what you like to do outside of work (whether that be spending time with loved ones, painting, hiking, etc.).
2016 Business Year In Review
Before we begin with my monthly business income update, I want to start off with my 2016 wrap up. 2016 was a great year for many reasons and you will read why below.
2016 was a huge year for me and my business. Business income grew significantly:
- In 2013, my business income totaled $116,519.
- In 2014, it totaled $163,929.
- In 2015, I made $320,888.
In 2016, I earned $979,321.
Yes, that means I TRIPLED what I earned in 2015.
2016 was an amazing year too. Not only did I completely smash my income goal, I also traveled full-time, learned how to manage a better work/life balance, started being healthier, tried new things, and more.
I attribute a lot of my business success in 2016 to several specific actions I took.
- I tried new things. Instead of doing the same things over and and over again, I finally started trying new things, such as podcasts, webinars, email lists, promoting better, creating a product, and more. This has helped me grow and accept more and new opportunities that before I was too afraid to do.
- I diversified my income. In 2016, I finally created my first for-sale product, Making Sense of Affiliate Marketing. This helped me to diversify my business and try a new form of income. Now, my business income primarily consists of affiliate marketing, a product, sponsorships, and advertising, which is a mix that I’m very happy with. If you’re looking for some easy ways to boost your blogging income, I recommend reading this free ebook – 7 Surefire Ways To Boost Your Blog Income Overnight.
- I started posting less but spending more time on promoting and marketing my website. When I first started blogging over 5 years ago, I was publishing a new piece of content every single day and sometimes even twice a day. However, that was super draining. Now, I write just on Monday and Wednesday, and every other Friday is a side hustle interview. I found that this schedule works much better, as I can spend more time writing high-quality content and more time promoting that content. Before, I didn’t spend much time promoting my blog because I just didn’t have the energy to and I didn’t fully realize the value in promoting. This is a much better system for me now and I definitely think it’s working.
- I focused on my email list. I didn’t start taking my email list seriously until around April of 2016 when I switched to Convertkit. Convertkit makes sending an effective and efficient newsletter so much easier and better. I never really understood email marketing before, but ConvertKit makes it so easy and now I feel like I’m an expert! I now have around 30,000 email subscribers. One of my biggest blogging mistakes was waiting years to start my email list. If you don’t have one yet, you should start ASAP!
- I spent time figuring out Facebook. I started 2016 with just around 6,500 Facebook followers and ended it with 38,000. I owe a lot of that to the ebook Facebook Strategies Worth Sharing. Growing my Facebook page has allowed me to reach new readers, improve my blogging income, grow my email list, and more.
As you can see, these specific actions all changed my business significantly, and for the better. I’ve learned a lot over the past year and have been applying everything that I’ve learned towards my business.
And, I know that 2017 will be even better. I am learning more and more about improving my blogging business, so I have a good feeling that 2017 will be great as well.
My business income goal for 2017 is to earn $1,000,000 from my business.
I want to thank all of you for making this possible. Without my readers, I don’t know where I would be. Again, thank you!
My business-related goals for 2016:
- Get at least three months ahead on Making Sense of Cents posts. I figured since I am currently two months ahead, I might as well work even further ahead. Being ahead in content makes life much more enjoyable because I can focus on other things knowing that the majority of my writing work is already done.
- Grow Making Sense of Cents to 1,000,000 monthly page views. I would love to help more readers, see even more engagement, have higher traffic, and so on. I love my blog and I would love to see it grow! I’m hoping to see at least 1,000,000 monthly page views by the end of 2017.
- Start doing more live interviews, such as podcasts and webinars. I’m not as shy as I used to be, but living in an RV and not always having an internet or a reliable schedule makes podcasts and webinars are a little more difficult. I hope to find a way around that (perhaps planning out a better schedule?) and dedicate more time to this area.
- Create one more product to sell. In 2016, I created Making Sense of Affiliate Marketing, and that has completely changed my life and my business. I want to think about and create another product to sell in 2017 so that I can continue to diversify my income.
Now, here’s my December income report!
How was my business income in December?
I earned $91,764.63 blogging and online in December, before expenses.
December was a great income month. I didn’t spend much time writing for Making Sense of Cents (directly) in December, since I was already over 2 months ahead in content. Instead, I used the majority of my time to write guest posts for others (discussed further below), network, improve my blog, and, lastly, take some time off for the holidays.
I’m very excited for 2017. I know it will be another great year! The business is doing well and I’m very happy with it. I’ve been catching myself saying “Life is really good” a LOT. And, I truly mean it. Life is really good!
My business is growing, income is increasing, I have tons of amazing ideas for 2017, and I am very excited about everything. I really love my business and I don’t know where I would be without it.
Anyway, December was another great month. It was great on all fronts – blogging, course-wise, life, and everything else.
My Making Sense of Affiliate Marketing course is still doing very well and I had many new students join the course last month. I think a lot of this has to do with all of the amazing reviews that I’m hearing about my course such as:
- One blogger went from $0 in Amazon affiliate income to over $1,500 after taking the course.
- One blogger went from $87 a month in affiliate income before taking the course, to over $1,700 a month after!
- One blogger received their first affiliate sale just two days after taking the course (and they were a brand new blogger too!).
- Another blogger doubled their monthly affiliate income from $2,500 to $5,000.
Plus, I’ve heard and read many other great reviews about my course.
If you’re a blogger, I recommend checking out my blogging course, Making Sense of Affiliate Marketing. I share my exact strategy and tips in this very informative online course. If you’re a blogger, then you need to check out this course.
If you are interested in starting a blog of your own, I created a tutorial that will help you start a blog of your own for cheap, starting at only $2.95 per month (this low price is only through my link) for blog hosting. In addition to the low pricing, you will receive a free website domain (a $15 value) through my Bluehost link if you purchase, at least, 12 months of blog hosting. FYI, if you are asking yourself “can you make money blogging?” – my top tip is to be self-hosted. This is essential if you want to monetize your blog as you will appear more professional and this will help you monetize your blog tremendously. My blogging income did not take off until after I switched to self-hosted WordPress.
Breakout of December 2016 income – $91,764.63:
- Affiliate income – $55,878.63 total:
- Bluehost (check out my tutorial on how to start a blog) – $26,910.00
- Survey companies – $12,082.75
- Ebates – $2,000.00 (estimate as this is a tiered affiliate program)
- MOTIF Investing – $736.00
- Credible Student Loan Refinancing (and an affiliate payout from SOFI) – $600.00
- Ibotta – $536.00
- 30 Days Or Less To Freelance Writing Success – $508.80
- Bookkeeper Business Academy – $243.75
- Make Money Proofreading By Becoming A Freelance Proofreader – $239.04
- $5 Meal Plan – $228.30
- Uber – $190.00
- ConvertKit – $174.00
- Izea/SponsoredTweets – $156.45
- Amazon – $100.84
- Digit – $65.00
- 17 Strategies Used to Go From 17K to 350K+ Page Views in 9 Months – $58.00
- Aweber – $48.90
- How I Grew My Facebook Page From 2,000 to 100,000 in Five Months – $36.00
- The Ultimate Pinterest Strategy Guide – $32.80
- Miscellaneous affiliates – $10,932.00 (affiliate earnings from numerous products, those that had a small launch period, and those that were secret sales to my email readers – there were two big email only launches that I had in December of 2016 that I’m not allowed to discuss outside of email due to secret sale requirements of the company)
- Making Sense of Affiliate Marketing Course – $19,506.00
- Sponsorships and advertising- $14,000.00
- Display advertising – $2,380.00
The income amount above is for the month of December and before any fees or expenses (some fees and expenses that lower the amount above total around $3,500 (rounded up), which include virtual assistants, Teachable course platform fee, technical assistance, newsletter expenses, PayPal fees, Stripe fees, etc., however, this does not include taxes) being taken out. I also had expenses for the affiliates promoting my course, which totaled $7,569.05. After expenses and fees, I made approximately $80,696.
Please keep in mind that I work for myself when you read my monthly income report. This means I have to cover taxes (which are over 30%), health insurance, and all other benefits/expenses that an employer may provide.
Check out The Ultimate Guide To Making Money Blogging for all of the different ways you can make money through a blog.
Below are some of my other monthly online income reports. I publish an online income update every month but only included some of them below as it would be a very long list. If you head on over to my income page you can find all of my monthly income reports from the past few years.
- $672 extra in May (2012)
- $6,523 in January Extra Income (2013)
- $11,927 in October Income – I Finally Left My Job (2013)
- $12,640 in January Income (2014)
- $23,758 in February Income – My Monthly Online Income Report (2015)
- How I Made $300,000 Online In 2015
Comparisons and 2016 online income total:
- Total income in December of 2016: $91,765
- Total income in November of 2016: $106,384
- Difference from the previous month: -14,619
- Total in 2016: $979,321
Making Sense of Cents is doing very well and I’m happy with everything.
I’m starting to guest post on other websites in order to promote my blog better and reach new readers. I think I’ve only guest posted once or twice ever since I started blogging in 2011, so this is something that I’m looking to change. I submitted around 5 or 6 guest posts to other blogs in the past few weeks, and I’m excited to see them live! It was a lot of fun writing them as well – I think it was just nice to mix things up a little bit and try something new.
Overall, traffic slightly increased and I received around 400,000 page views. Pinterest traffic increased last month after several months of it falling, and organic and Facebook traffic each increased as well.
Below are several business-related updates:
- I released my How To Start A Blog FREE Course a few months ago. If you’ve been wanting to start a blog, then check this out. I created this email course for those who are interested in starting a blog, but haven’t done so yet. The course is free, and over 9,500 people have already signed up just in the past few months. Thank you to everyone who has sent me kind emails about how great the course is. I don’t know why I didn’t do this sooner!
- Due to how well my first free course went, in August I created the free Master Your Money email course. It’s full of great money management lessons and financial worksheets (such as a free budget template), and I’m loving the positive response from this email course as well. What topic should I turn into a course next?
- This month, I will hopefully be creating a free personal finance support group on Facebook. I’m extremely excited for this to be live! This would be a place where everyone can talk about money freely, seek support and help, and so on.
Also, I have received many questions recently about how I’m staying connected to the internet so that I can work and travel in my RV at the same time. I use a Verizon Mifi and I am able to stay connected pretty much anywhere with it. It really comes in handy because you can’t always trust free wifi. Sometimes free wifi is slow, hard to find, or not safe. I don’t know what I would do without this device!