I want to start off by saying that October and November income reports are not here because I got lazy and did not calculate everything.
If I were to hazard a guess, I would say it was round about the same as Septembers Income.
October was the start of my Dropshipping business. Getting it set up has been a pain but I am nearly up and running. Probably another two weeks before I fully launch it.
I was so consumed with that, I just forgot about the monthly reports.
But I’m back now and below you can see the month of December (2019) in all it’s glory…
| Service/Product | Revenue | Expenses | Net Income |
|---|---|---|---|
|
Affiliate Revenue |
|||
|
Virtual kingdoms |
£1,423.83 |
|
£1,423.83 |
|
Amazon |
£14.33 |
|
£14.33 |
|
Orawellness |
£7.16 |
|
£7.16 |
|
Youtube Ad Revenue |
£179.35 |
|
£179.35 |
|
Expenses |
|
|
|
|
Canva |
|
£10.11 |
-£10.11 |
|
Microsoft |
|
£5.99 |
-£5.99 |
|
|
£38.40 |
-£38.40 |
|
|
|
£39.71 |
-£39.71 |
|
|
Accountant services |
|
£116.40 |
-£116.40 |
|
Office Rent |
|
£300.00 |
-£300.00 |
|
Google Ads |
|
£203.58 |
-£203.58 |
|
Shopify |
|
£26.75 |
-£26.75 |
|
Money penny |
|
£42.00 |
£-42.00 |
|
Total |
£1624.67 | £782.94 | £841.73 |
You can see my net income for December was £841.73 which Is nearly double Septembers. That’s a good sign and the main reason was my google ad spend was really low compared to previous months.
Shopify and money penny are services that I am using for my Eccommerce business and the expenses linked to that will start to increase over the coming months if I can get it to generate some income.
Let’s see what happens in January. If the income stays the same or decreases, I might have to get a part time job to help me stay afloat, not that I’m already not but I want to be at £1,500 net profit/month as soon as possible.
That’s what I was making previously with my full time job.
Stay tuned for next month. I feel like it’s going to be fun 😉