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:
As I said previously January is a quiet month for Online Businesses. This is because most people have spent all their money in December and do not get paid until the end of the month. So this will inevitably affect sales. It’s difficult not to feel bad when you have a really good month and then the next month your income drops even though you have done everything to the best of your abilities. But that is how running a business goes sometimes.
I still made a lot more than I would have done working at my day job as a web designer so I can’t complain really.
Kindle, ACX and Createspace
For some reason, Kindle and ACX both jumped up this month from what they had been in November and December. But on the flipside, Createspace dropped to less than half of what it was last month. Createspace is where the majority of the money you make with Kindle Publishing comes from and that is the reason why my grand total dropped by about £1,500. Normally February is a better month and hopefully will be closer to what I earned in December.
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 – $1,518.76 (£1206.80)
Total from Createspace – $1107.64 (£877.93)
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 123 audiobooks
Total from ACX – $203.88 (£162)
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 – $588.05 (£470.93).
Total from Teepublic – $58 (£46.45).
Total from Teespring – $11.55 (£9.25).
Total from Zazzle – $0 (£0).
Note: I’ve not been given access to Merch By Amazon yet. All my sales have come from other sites such as Redbubble, Teepublic and Teespring.
Total for January 2017
I published no books this month but I have two books being written as I’m writing this and I also have a book being narrated for ACX. So my income should be better next month.
It was a short post this month because not a lot has happened.
If you have any questions please ask them below. Thanks for reading!