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 March
Here are the import goings on this month:
Merch By Amazon
I finally got accepted to Merch By Amazon after waiting 8+ months. I only noticed that I’d been accepted on the 31st March so it made no difference to my income for the month. I am gated at 10 designs so I am trying to get the first 25 orders sold as quickly as possible so I can get tiered up to 25 designs (or 50 I’m not sure how it works now).
My progress has really slowed with regards to my income even though I am working harder now than I was back in October, November & December. So I’ve decided to branch out and give dropshipping a try. The problem with selling this organically is that it’s really hard to scale up. However, if I pay for traffic from Facebook and Adwords I can scale up really quickly and boost my income.
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 – $1,350.07 (£1089.24)
Total from Createspace – $1265.53 (£1021)
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 112 audiobooks (0 bounties)
Total from ACX – $200.90 (£185.28)
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)
Merch By Amazon – $0 (£0).
Total from RedBubble – $233.17 (£188.01).
Total from Teepublic – $20 (£16.13).
Total from Teespring – $4.80 (£3.87).
Total from Zazzle – $0 (£0).
Affiliate Income – $12.49 (£10.07).
Total for March 2017
It feels like I’m stuck in quicksand no matter how hard I work I don’t seem to be making any progress with my income. That’s why I have decided to give dropshipping a try. My Shopify site is already done and ready to start selling so I will be launching my first Facebook ad either this week or next week. Hopefully this with lead to a jump in my income because it’s getting really frustrating seeing my progress plaque like it has been since December.
Like I said above I’m working harder now than I was for the last 3 months of 2016. So I’m getting annoyed that my income has not increased to reflect the work than I am putting in. But fingers crossed next month will be different.
If you have any questions please ask them below. Thanks for reading!