This is a series of reports that I will post each and every month summarising my progress. I’ll first mention the major events that may have happened within the month that could have made a difference in my earnings. I will also break down the sources of my income so that I can keep track of how each one is doing. Lastly, I’ll conclude with the most important things that I learned and what I have planned for the near future. I’d love to respond to any questions or comments that you may have. Thanks!
Important Goings On In December
Here are the import goings on this month:
December was an excellent month for my online business. With it being Christmas I knew that my sales would go up because it always does in November / December, but I wasn’t sure by how much. If you remember from my last income report I was only £120 from hitting my target of £3,000 per month by December 31st, 2016. As it happens this month turned out very well for me. This is what happened this month…
Being completely honest I only did about 12 hours of work in all December. Most of my time was spent on Createspace books. Last month I said that my main goal was to get all of the Kindle books converted to Createspace books by the first week of December. Apart from 2 books, I succeeded in this goal. By the second week in December I had every single book that had been published on Kindle also had a Createspace version.
I did also release 2 more books and order and upload 4 more t-shirt designs. That was all I did. The problem was because I knew I was almost at my goal for the year I took my foot off the pedal and enjoyed life more.
I had an amazing month of Redbubble. I can’t believe how big of a jump this months income increased by. You’ll see just how much further down.
My income from Kindle Publishing actually dropped this month by about $60. I was really surprised by this as I seem to remember that it went up last year. But that’s life (and online business), sometimes it goes up and sometimes it goes down.
How Do I Make My Money Online?
The majority of the money I make online comes from Kindle Publishing. Some income also comes from Createspace, ACX and a small amount comes from selling print on demand T-shirts on sites like Merch By Amazon, Redbubble and Teespring. Plus some small affiliate earnings.
This is my total from Kindle taken from the Book Report dashboard plugin for Kindle. It adds everything up into one nice figure.
Total from Kindle Publishing – $1195.33 (£973.11)
Total from Createspace – $2886.60 (£2,348.95)
Note: I take this screenshot before the end of the day so I will get a few more sales as I get most during the night then get reported here. I don’t want to stay up until 5AM to take a screenshot.
Sold 98 audiobooks
Total from ACX – $162.12 (£132)
Note: This is an approximation as I do not know the exact amount until later on this month (20th). So I’ve made an approximation based on what I have been paid in the past.
Merch By Amazon (Redbubble, Teespring, etc)
Total from RedBubble – $920.96 (£750.10).
Total from Teepublic – $80 (£65.14).
Total from Teespring – $23.40 (£19.07).
Total from Zazzle – $0 (£0).
Note: I’ve only just started selling t-shirts I’ve not even been given access to Merch By Amazon yet. All my sales have come from Redbubble, Teepublic and Teespring.
Nothing at all. I’ve been doing some affiliate marketing so hopefully I start to make some income from that soon to add to this section.
Total for December 2016
Well that was a bananas month, wasn’t it? However don’t be under any illusions my income will drop again in January / February but hopefully, it will remain a lot higher than it was in November.
I’m going to give drop shipping a try starting this month and hope that I can build it up to the point where it is making me an extra £500 – £1000 a month to add to my other income streams.
If you have any questions please ask them below. Thanks for reading!