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 January
Here are the import goings on this month:
You’ll see this month I almost made 4 times what I made last month. My goals was to double my income and get to $1000 per month from Shopify but I shot past that really quickly. So my next goal went to $1500 per month and I passed that pretty easily. So I set another goal to get to $2000 but fell short of this goal because I had a few Instagram shout outs result in no sales at the very end of the month. I’m disappointed that I missed out on my goal but happy that I almost made 4 times what I made in December. January is normally a very quiet month for online businesses so the fact that I was able to make that much from one income source makes me really happy.
Next month is Chinese New Year which means China will basically shut down for 7 days. It is China’s equivalent of Christmas but unlike here in the west where most people work over Christmas they have a 7 day holiday. This is obviously cause me issues. Adam who runs The Realistic Entrepreneur has a good strategy that I’m going to use on my own store. I’ve put his video below in case you run a dropshipping store yourself and want to check it out.
Draft2Digital & Amazon Issues
I had some issues with Amazon this month I tried to publish 2 new books and Amazon would only allow one to go through and blocked the other one. They wanted to see proof that I owned the rights to the content of the books so I sent them my author agreement but they would only accept it for 1 book and not the other one, I know weird right? The two books were written by two different authors and I ran both books through Copyscape and Plaguescan to make sure they hadn’t been stolen off the web and both books passed both scans. So I uploaded the books that was blocked to Draft2Digital and the results so far seem good!
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 account 1 – $703.27 (£492.84)
Total from Kindle Publishing account 2 – $428.92 (£300.52)
Createspace account 1 – $1693.09 (£1,188.97)
Createspace account 2 – $861.04 (£604.66)
ACX account 1
Sold 59 audio-books (0 bounties)
Total from ACX 1 – $97.94 (£68.73)
ACX account 2
Sold 26 audio-books (0 bounties)
Total from ACX 2 – $43.16 (£30.29)
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.
Total from Draft2Digital – $16.63 (£11.67)
Total from Shopify – $1,852.93 (£1300.33)
Merch By Amazon (Redbubble, Teespring, etc)
Merch By Amazon – $19.50 (£13.68).
Total from RedBubble – $57.63 (£40.46).
Total from Teepublic – $85 (£59.65).
Total from Teespring – $8 (£5.61).
Total from Zazzle – $0 (£0).
Affiliate Income – $0 (£0).
Total for January 2018
As you can see from the total above I made just £1 less than I did in December which is amazing when you consider January is usually the quietest month of the year! That shows me that focusing on paid traffic is the way to move my business forward in the future. I’m just doing Instagram shout outs (sponsored posts) at the moment but I’m going to be branching out into Facebook, Instagram and Reddit ads in the future. Watch this space!
If you have any question please ask them below.
Thanks for reading. cheers!