September 2019 Income Report Roundup

Sep is one of my 2-3 favourite months for me in my business! Every one of my major businesses has been launched in Sep and I wanted to make sure 2019 was no different with a BIG push for the launch of MotionInvest.com 

Over the years for whatever reason I seem to have found I have a pace to my work which involves three phases to the year…

  • Build & Launch – Sep-Dec
  • Stabilize – Jan-Apr
  • Systematize / Rest – May-Aug

This year the big push in the build/launch phase is the blockchain project extensions BLADE and more relevant to this audience is MotionInvest where Spencer Haws and I are directly buying and selling websites. 

Longer hours and more action… in this phase if I am not making people uncomfortable with the pace I am pushing things it is a problem! I need to be not counting the hours and pushing hard. 

Based on some of the income reports it seems like others are really focused on growing their businesses. 

#1 takeaway – Go in Depth – Several of the sites covered here have refocused in September around the topic of their sites. Having a  site cover a topic in depth on multiple channels helps achieve a few results…

  • More efficient creation of similar content – Jon Dykstra is using the years of content at FatStacksBlog as an input to his other content creation efforts (Video and Youtube)
  • Topical Authority – The more articles you have around a given topic the more authoritative Google views your site – Ryan Robinson has focused his prolific content creation around the topic of blogging to help his how to start a blog rank higher

Quick August Update on my End:

  • The growth rate for blade.software has started to go exponential – see dashboard
  • MotionInvest launched with a lot of success, lots of very positive feedback and only made a couple adjustments…
    • Adjustment 1 – Lots of people just wanted the site and not the value add SOP’s or coaching so split those out as an optional purchase
    • Adjustment 2 – Free trial for month 1 subscription 
  • Lots of biking with the family was still able to be done in Sep!

My Reason for This Round Up:

When I started my online entrepreneurship journey I took a lot of inspiration from others that were sharing everything they did online. Seeing that people like me were making REAL money and that the opportunity to replace my day job was possible. 

It has been 3 years since I left my day job – https://websiteincome.com/quit-my-job/

The more transparent the report the more I appreciated and was motivated by it. 

Over the years I have tried to be as transparent as possible sharing along the way my goals, business successes/failures and the ultimate results(profits). 

After years of sharing monthly income posts I decided that it made sense to stop these… a decision I actually regret as I wish I had found a way to keep sharing some of what I was doing. My reason was as my online world and “real” worlds became more tangled.  

Looking at many of the people that originally had an income round up they have also stopped. Namely the most famous in the space Pat Flynn no longer does income round ups. 

I will cover…

  1. List of inspiring income report posts and how they earned their profits
  2. Recognize motivating people showing not just telling people the results they are achieving
  3. Learn from others – What the key learning is from the people

Last Month Profit – $20.238.31
Name – Ron Stefanski
Website – onehourprofessor.com
Business Model – Authority Affiliate Site
Income Report – http://www.onehourprofessor.com/august-2019-monthly-income-report/
Key Lesson(s):

  • The best month ever for Ron! Congrats!
  • His main revenue generating site had a great month and he was surprised as he stated “The only thing that I’ve been focused on with this website in the last six months is updating content and with results like this, I have no question that this strategy works well.” This is a strategy we have had a lot of success with as well with clients from ContentRefined.com 
  • The overall growth rate has been incredible! (look at the graph below)

Let’s Reach Success

Last Month Profit – $4,800
Name – Lidiya
Website – letsreachsuccess.com
Business Model – Blogging
Income Report – https://letsreachsuccess.com/blog-income-report-pinterest-strategy/
Key Lesson(s):

  • ConvertKit wins another client, although I haven’t used it and I am happy with ActiveCampaign a lot of people are making the switch. 
  • The Pinterest strategy Lidiya is using is lean and clearly driving some results. If you have wanted to learn more about driving traffic to your blog check it out!
  • 35 blog posts published!

Last Month Profit – no update this month
Name – Spencer Haws
Website – NichePursuits.com
Business Model – Authority Affiliate Site
Income Report – https://www.nichepursuits.com/get-ready-niche-site-project-4/
Key Lesson(s):

  • No update this month

Last Month Profit – $6,238.21
Name – Johnny FD
Website – johnnyfd.com
Business Model – Mixed – Dropshipping & Investing
Income Report – https://www.johnnyfd.com/2019/10/sept-2019-monthly-travel-expenses-and.html
Key Lesson(s):

  • What is impressive about Johnny is the lifestyle he lived in Sep with expenses under $4k… what some people have in mortgage and vehicle expenses covered his entire month including a private jet, 3 trips and driving a ferrari! 
  • His big Sep focus was on his conference – invest like a boss!

Last Month Profit – $37,063 
Name – Jon Dykstra
Website – fatstacksblog.com
Business Model – Authority Website (display ads)
Income Report – https://fatstacksblog.com/income-report-august-2019/
Key Lesson(s):

  • Jon was prolific in Sep with new toys… lots of new video and audio equipment to help relaunch his YouTube channel and his soon to be launched PodCast channel. 
  • He is relaunching an EZoic review and case study which is looking promising
  • His income report does not include any revenue or expenses from his blog FatStacksBlog.com
  • It is interesting that Jon still finds it interesting to write the content himself on some of his sites. He enjoys it and is able to keep the rest of the machine moving while still creating content for his sites himself!

Last Month Profit – $25,280.27
Name – Ryan Robinson
Website – ryrob.com
Business Model – Authority Website (affiliate earnings)
Income Report – https://www.ryrob.com/blog-income-report-september-2019/
Key Lesson(s):

  • Almost 100k unique sessions up this month! That is a BIG increase congrats! 
  • 7 new LONG form guides on blogging related topics! 
  • Ryan is focusing his blog around the topic of blogging and trying to really drive the topical authority of his site around that niche. Currently his most popular articles cover a more widespread range of topics such as business ideas, books etc. By foucsing it should help signal to Goolge his blog is the authoity on blogging and therefore help rank his guide 1st which is his big money maker.

Honourable Mentions:

Although they don’t do exactly income reports there are a few reports that are worth mentioning and when they publish new reports I will be sure to include.

  • No honorable mentions this month

Am I missing any I should include? Please drop a message in the comment section below with anyone I should include next month!

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August 2019 Income Round Up

August is typically a month where lots of online entrepreneurs enjoy the summer weather. Many of the reports below mention their appreciation for a source of income that gives them the flexibility to enjoy life in the summer!

#1 takeaway – Risk Mitigation: As entrepreneurs we are constantly pushing forward and sometimes don’t do the little things to make sure our business risks are mitigated. This often takes the form of relying on 3rd party services (email, hosting, payment processing, passwords etc) to hold our critical business data. There were 2 people this month that had scares which could have been a lot worse regarding 3rd party services holding their site and websites email list. My #1 takeaway this month is to refresh my monthly task of ensuring up to date backups of business critical infrastructure is taken! 

#2 takeaway – Prolific Commitment to Content: Many of the successful businesses in this group use the word “investment” and not “expense” when discussing content. The most expensive single outlay of capital by far is content for most of these businesses. 

  • 24k word pieces of content
  • $10k worth of content in a new site before the first monetization method is tested
  • 39 blog posts in a single month
  • $5k-$20k in content investment per month 
  • 75% of monthly expenses every month is an investment in content
  • 3 podcasts, big industry reports, content updates and 5 person marketing team! 

This analysis has me doubling down on the creation of some incredibly useful pieces of content (plus more than just words) that are in the works and coming out soon! 

Quick August Update on my End:

  • I have a significant focus on adbank.network and blade.software but in the rest of my business here were some of the key activities for Aug…
  • August was busy putting the final touches on the entity of MotionInvest.com and getting it ready for our soft launch in Sep and a larger push coming soon.
  • A rededicated focus the last 6 months to an ecommerce store with consistent content and executing 1 solid upgrade strategy per month has paid off with the sites best month in over 2 years!
  • ContentRefined was finalizing the plan for a couple big pushes in September during August including some team re-org.
  • My family summered hard with the kids out of school enjoying the cottage and lots of mountain biking 

My Reason for This Round Up:

When I started my online entrepreneurship journey I took a lot of inspiration from others that were sharing everything they did online. Seeing that people like me were making REAL money and that the opportunity to replace my day job was possible. 

It has been 3 years since I left my day job – https://websiteincome.com/quit-my-job/

The more transparent the report the more I appreciated and was motivated by it. 

Over the years I have tried to be as transparent as possible sharing along the way my goals, business successes/failures and the ultimate results(profits). 

After years of sharing monthly income posts I decided that it made sense to stop these… a decision I actually regret as I wish I had found a way to keep sharing some of what I was doing. My reason was as my online world and “real” worlds became more tangled.  

Looking at many of the people that originally had an income round up they have also stopped. Namely the most famous in the space Pat Flynn no longer does income round ups. 

I will cover…

  1. List of inspiring income report posts and how they earned their profits
  2. Recognize motivating people showing not just telling people the results they are achieving
  3. Learn from others – What the key learning is from the people

Last Month Profit – $17,131.22

Name – Ron Stefanski

Website – onehourprofessor.com

Business Model – Authority Affiliate Site

Income Report – http://www.onehourprofessor.com/august-2019-monthly-income-report/

Key Lesson(s):

  • The overall growth rate has been incredible! (look at the graph below)
  • Technical challenge cost Ron a lot with a site being updated and having a noindex, nofollow not removed when the site was moved from staging to production
  • Content is by far the biggest expense with a $10k investment in content in a new site without turning on any source of earnings from it

Last Month Profit – $4,590

Name – Lidiya

Website – letsreachsuccess.com

Business Model – Blogging

Income Report – https://letsreachsuccess.com/earned-4590-online-last-month-business-vision/

Key Lesson(s):

  • Interesting self reflection on aiming to make six figures from blogging
  • 39 blog posts published on her site in August! Continues to publish prolifically

Last Month Profit – no update this month

Name – Spencer Haws

Website – NichePursuits.com

Business Model – Authority Affiliate Site

Income Report – https://www.nichepursuits.com/get-ready-niche-site-project-4/

Key Lesson(s):

  • No update this month

Last Month Profit – $4,026.72

Name – Johnny FD

Website – johnnyfd.com

Business Model – Mixed – Dropshipping & Investing

Income Report – https://www.johnnyfd.com/2019/09/aug-2019-monthly-travel-expenses-income.html

Key Lesson(s):

  • One of the only people on here whose business model is dropshipping via a shopify store. It can be a great model with a few more moving parts/opportunities for optimization vs a typical content site
  • With a busy fall travel schedule he seems to have really prioritized the lifestyle side for the month with lots of gym time and relaxing time!

Last Month Profit – $38,047 

Name – Jon Dykstra

Website – fatstacksblog.com

Business Model – Authority Website (display ads)

Income Report – https://fatstacksblog.com/income-report-august-2019/

Key Lesson(s):

  • Jon had a scare this month where he thought his database of email subscribers may have been lost! This is not something that I have historically backed up but based on Jon’s scare I am adding it to my monthly task of backing up critical business data!
  • Optimization mindset – Jon is great at always looking at tweaks to make small incremental improvements! For one site he optimized image hosting saving him $300/month, he jokes that it will help pay for netflix but in all reality if he continues to find a $300/month savings every month in 1 year his entities value will have increased by over $100k (monthly savings 300×12)*(business valuation 3x annual earnings)

Last Month Profit – $30,814

Name – Ryan Robinson

Website – ryrob.com

Business Model – Authority Website (affiliate earnings)

Income Report – https://www.ryrob.com/blog-income-report-august-2019/

Key Lesson(s):

  • This is the first month I have had Ryan on here, Maddie from ContentRefined who was on his podcast here mentioned I should include him!
  • Epic Content – Ryan has really focused on producing incredibly large posts 5000+ word minimum with some monsters at 24k words like his how to start a blog post

Honourable Mentions:

Although they don’t do exactly income reports there are a few reports that are worth mentioning and when they publish new reports I will be sure to include.

This month there is one other report I want to feature…

EmpireFlippers – Quarterly Report

$498k/month Revenue in Q2 2019 Published Aug 26, 2019

https://empireflippers.com/q2-report-april-may-june-2019/

Key Lesson(s):

  • Compounding growth over 6 years “If you roll up your sleeves, commit to work every day, and have a vision of the future for your business, then the compound interest you’ll gain might just change your life.” 
  • Content consistently everywhere, their content push on giant industry report, 3 podcasts, content updates to existing content has all resulted in over 50% of their inbound traffic being organic.  

Am I missing any I should include? Please drop a message in the comment section below with anyone I should include next month!

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July 2019 Income Report Roundup

When I started my online entrepreneurship journey I took a lot of inspiration from others that were sharing everything they did online.

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July Income Report

Any month we are able to hit our targets is a good month.

July was a month where it felt like a couple businesses plateaued and a couple were able to break free from previous plateaus to new heights.

Summer is in full swing and I was able to get away a couple times for 2 canoe trips in July. On a conference call while in the middle of the woods was a fun time.

It was also the first time I was able to take my 4yr old son on a Canoe Trip and he had a blast!

I am in a constant battle for balancing speed and control… for some projects, I like to step on the gas while others need a little more infrastructure built up to handle the growth.

Thoughts on Team Building:

A VERY large amount of my time in July and Aug has been on thinking about building my team and when to hire locally or remotely.

One critical thing I have decided is…

Hire in house for culture fit / ambition / work ethic / raw intelligence AND pay for skill sets on the open marketplace. What I mean is I would rather have a hard working ambitious, intelligent great cultural fit who never heard of SEO then a poor fit that has all the skills. All the “skills” in this space can be purchased on UpWork.

Below is my income and business report for July…

Hopefully, this post will shed some light on how I build/operate my online business and gives you some useful insights. There are plenty of areas for improvement in my business and I try to highlight these as well!

Hope your summer is going well and your business is growing J

The Business “Divisions” For My Online Business:

  1. Money Site Portfolio
  2. AuthorityWebsiteIncome Blog
  3. Services – Web Development, Content Marketing & Link Building:
  4. Amazon FBA Business
    • Brands 1-6 – All have specific targets for 2017
    • ListingEagle – Amazon FBA Hijacking and Suppression Monitoring
  5. Put Outside Capital to Work Efficiently in the Online Asset Space

 

Key Successes

  1. Portfolio Earnings – There were a handful of sites that really showed substantial improvement in $/visitor.
  2. BrandBuilders – Continued product/market fit is evident and we are having a lot of fun helping the team Andrew has built grow the business.
  3. Content Plan – It has been too long but I finally have a solid content plan/schedule for AuthorityWebsiteIncome.com.

Key Failures

  1. High Potential Low Probability – There were a couple projects/deals I put some effort into that had great potential but ultimately nothing came of them.
  2. Facebook Ads – Similar to last month I had another failure trying to get some paid traffic working to one of my services. My thinking has shifted that I now just need to hire an agency or specialist to handle this for me. If you know anyone that is a killer with paid traffic please have them email me.

 

2017 Business Goals

Below is my businesses main goals for 2017…

Part 1 – Passive Authority & Niche Website Income Profit/Loss

 

3 Goals in 2016 for my Website Portfolio Business

  1. Everyone Win at the Mortgage Crushing Competition

July Update – It is tough to understand the performance of this site right now with the number of 301 building blocks I have applied to it plus some spikey articles.

  • Traffic = 15,071
  • Earnings = $97.53

  1. Buy 1 Site Per Month

July Update – One little AdSense site purchased and one small productized service business purchased. I will be talking more about the one soon enough (some people may have already received an email about that story).

  • GOAL = 1 New Website Purchased
  • ACTUAL = 2 New Website Purchased

If any readers are looking to sell their profitable site(s) VERY QUICKLY let me know by emailing me. I can let you know in 12hrs if I am interested and complete the purchase in 24-48hrs – Contact Me Here

I have found the right sellers are those…

  • Desire a simple/efficient/non-invasive sales process (no option is easier to sell to)
  • Looking to sell FAST (under 24hrs has been accomplished!) (shorter time for due diligence on my end increases risk for me)
  • Not wanting to spend a lot of time on the sales process (analytics and income proof is all I need)
  • SEO done to the site can be questionable and that increased risk will be reflected in the sales price
  • Understand that the benefits of the bullet points above means the sales multiple will be lower than if you went a more traditional route

If you have a profitable website you are looking to sell fast please let me know

 

  1. Scalable New Site Creation Strategy adds $5k to Portfolio

July Update – Although it doesn’t really show it there has been some good progress on increasing the earnings per visitor on several properties associated with this scalable new site creation effort for the year. Traffic continues to move in the right direction and I need to still substantially improve the earnings for several more properties.

  • Traffic – 53,202
  • Earnings – $276.52

PRIMARY GOAL – OVERALL INCOME FOR WEBSITE PORTFOLIO GROW TO $15k/MONTH CONSISTENTLY

July Update – The portfolio performance doesn’t look way better then other months but for the first time in about 6 months we had a month I was satisfied with in terms of our efforts showing clear results. Looking forward to continuing to improve the performance here!

 

Part 2 – Authority Website Income Blog Profit/Loss

3 Goals in 2015 for AuthorityWebsiteIncome.com

  1. Post Once Per Week

July Update – A “perfect” month… no missed posts and me and my team put a lot of effort into trying to provide as valuable posts as possible!

  • Plan = 5
  • Actual = 5

  1. Systematic Promotion of my Content and Building of my List

July Update – No Progress

  1. Increased Intelligence with Email Automation

July Update – No Progress

PRIMARY GOAL – GROW TO 30k VISITORS PER MONTH

May Update – 12,456 which is lower than I would like to see! Need to continue to push

Part 3 – Services Business Profit/Loss

  1. Systems First Focus

July Update – Seeing the team come up with procedures without me prompting them and it being fundamental in everything we do is starting to pay off. We are seeing a new problem where the rate of procedure creation and the organization of those SOPs is not where we need it to be.

 

  1. LightningRank.com – Quality and Efficiency Improvements

July Update – This is moving into becoming a new offering that will open up natural link building to even more people! We are continuing to see great results for clients on both the Done For You PBN and UseMyPBN service.

Visit LightningRank.com for Link Building Services!

 

  1. ContentRefined.com – 20k MRR by June & 40k MRR by End of Year

June Update – A weird billing nuance where anyone who signed up on the 31st got billed on the first showing up in July vs June has this number a few thousand less. CHURN is the enemy of any growing recurring subscription business! For us we were experiencing some awesome growth numbers but with a big push last month and then some normal/happy customer churn we have seen this growth slow.

  • Planned MRR = $23,313
  • Actual MRR = $27,919

Visit ContentRefined.com for Content Marketing Services!

  1. BrandBuilders.io Structurally Well Setup & New Offering Launched

June Update – Achieved – The TurnKey affiliate sites ready in 24hrs are selling out in a handful of hours every time we launch!

 

PRIMARY GOAL – SYSTEMATIC GROWTH!

Part 4 – Amazon FBA Business

  • Brand #1 – HG – Running Lean and Spinning off Cash
    • July Update – Distribution received – always a good month when we can do that!
  • Brand #2 – CF – Quarterly Dividends Ahead of Baseline
    • July Update – Continuing to perform well and need to setup for SOLID Q4!
  • Brand #3 – NT – Path To Strong Market Position and Successful Pillar Product
    • July Update – Waiting to sell out of stock and then kill entity (first failed FBA project)
  • Brand #4 – CK – Systematic Growth to $20k/month Profit
    • July Update – Performing okay… not where we want it!
  • Brand #5 – PC – Successful launch and $5k/month Business
    • July Update – Despite pushing heavy on this business and great reviews it seems to be SLOW to move!
  • Brand #6 – SE – 4X Value Expansion with Dream Team!
    • July Update – One more hail-marry attempt here coming up!
  • ListingEagle.com – Hijack and Listing Suppression Monitoring Service
    • July Update – Steady/boring SAAS business

 

Part 5 – Put Outside Capital to Work Efficiently

July Update – We are working on another larger deal at a discount. The Due Diligence for this one has a little more “hair” on it then we would like!

Overall Income Update

Original Monthly Net Income Target (original goal $15k/month reliable income by age 35)

  • Target Net Income = $11,450
  • Actual Net Income = $53,983
  • 2017 Average Net Income = $47,109

Gross revenue is a vanity number for my business and I do not share it.

Final Comments

July was a solid month… there continues to be a LOT of opportunities on the go and I am continuing to try to best balance everything that is in front of us.

The extra help from the co-ops this summer has been great and their contributions will be missed!

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July Income Report

July was my first full month as a full time online entrepreneur! It was a lot of fun!

I am not sure if it will ever wear off but the lifestyle change has certainly had me smiling/pinching myself a few times in July…

  • Taking my 3 year old son “camping” in the backyard mid-week
  • Biking home from work to jump in the pool with the family (and a cold beer) mid-afternoon mid-week
  • Having some of my biggest revenue number days while on a canoe trip

In this income post I will try to share what I have learned and failed at over the month and the performance of the businesses!

My Business Focus Points:

  1. Passive Income Website Portfolio
  2. AuthorityWebsiteIncome Blog
  3. SEO & Expired Domain Services:
  4. Amazon FBA Business
    • Brand #1
    • Brand #2
    • Brand #3
    • New Web App Project

Key Successes

  1. FBA Brand #1 – After June where the FBA business I sold but still own one third of struggled due to the associate account getting suspended it was great to see a very solid bounce back for the business.
  2. Partnerships – With the added time I have had there have been several interesting partnership opportunities that have come up while I have been in discussions with people. The challenge is to ensure I do not take on more than I can handle and continue to build my teams capacity at handling projects.
  3. Backlink Analysis & Discussions with Clients – After talking to over 50 readers of AuthorityWebsiteIncome last month it became clear there was a need for a couple things one of which was more help to answer the question of “how many backlinks do I need to rank on the first page”. Because of those discussions and how my team already does this analysis I created a very simple little offer that provides a lot of value to people with a website.
  1. Training – While I had the day job one of the areas that I was definitely not spending enough time on was education and training. My information “diet” had been very very lean and I read very few websites/took no training. With the added time I have scheduled some time each week to spend time completing high quality training and focusing on deliberate training/practise. Here are a few of the great training programs I am taking right now (in addition to listening to about 1 book/week while I bike to/from work)…
    1. 1 authority machineAuthorityMachine + Internship – The training created by Hayden and Spencer is great and I have heard awesome feedback about the internship from some individuals who have gone through it. Highly recommended!
    2. 2 udemyInvesting in Website (Free Udemy Course) – This course is for people looking at how to invest in websites. It is created by Eric from DigiStrats who I have worked with and also take some of his training before. Great information + right now the course is free!
    3. 3 amz aff bootcampAMZ Affiliate Bootcamp – This course is created by Tung Tran and provides a lot of information on how to make money with Amazon Affiliate sites. Lots of great information for a beginner wanting to make money with an Amazon Affiliate site.
    4. New LinkBuilding Strategy – More to come on this but as we test out different strategies we are finding a lot of success with one particular strategy to get the worlds best links.

Key Failures

    1. Productivity Increase Not 1:1 With Increased Hours – With the added hours my productivity has not increased 1:1. I don’t find this too surprising and will continue to work on being more effective and productive. Listening to a great book right now bye a fellow Canadian Chris Bailey The Productivity Project and I am liking how actionable it is!

  1. Realizing Several Teams are Not Setup for Success! – After I did an analysis on a few of my businesses I realized that several of my teams are not setup for success. The main reason is that I have deviated from my favourite business book (E-Myth Revisited) and don’t have the Entrepreneur / Manager / Technician clearly defined. I wrote more details about this failure here.

 

2016 Business Goals

Below is my businesses main goals for 2016

4 goals

Download This Easy to Edit and Printable Goals Template – FREE

(Note – FBA Brand #2 Has Been Replaced With my SAAS Business)

Part 1 – Passive Authority & Niche Website Income Profit/Loss

5 passive income goals

3 Goals in 2016 for my Website Portfolio Business

  1. Systematize Top 20 Sites in Portfolio

July Update – I have plans in motion to grow my team and this one may come down to the wire but will have a new project manager to help me with managing my passive income portfolio.

  1. Buy 1 Site Per Month

July Update – A great website purchase was made in July. It was a good deal for both the seller and myself, with only a couple months of earnings history it would have been tough for him to sell anywhere else while we were able to combine a purchase price, earnout and services from LightningRank.com to come up with a deal that has everyone happy.

  • GOAL = 1 Website
  • ACTUAL = 1 Great Website Purchased

6 websites purchased

If any readers are looking to sell their profitable site(s) VERY QUICKLY let me know by emailing me. I can let you know in 12hrs if I am interested and complete the purchase in 24-48hrs – Contact Me Here

I have found the right sellers are those…

  • Looking to sell FAST (under 24hrs has been accomplished!) (shorter time for due diligence on my end increases risk for me)
  • Not wanting to spend a lot of time on the sales process (analytics and income proof is all I need)
  • High quality sites making over $500/month often make sense to sell via other channels (EmpireFlippers or FEInternational are great places)
  • SEO done to the site can be questionable and that increased risk will be reflected in the sales price
  • Understand that the benefits of the bullet points above means the sales multiple will be lower

If you have a website you are looking to sell fast please let me know

 

  1. Sell Websites Strategically for $100k Total

July Update – The website sale is still on track with the group that has taken over the site still doing a great job.

 

PRIMARY GOAL – OVERALL INCOME FOR WEBSITE PORTFOLIO ABOVE $10k/MONTH

7 passive income portfolio

July Update – The ongoing issue with the partnerships associate account at Amazon is still holding this number down lower than I would like.

 

Part 2 – Authority Website Income Blog Profit/Loss

8 awi goals

3 Goals in 2015 for AuthorityWebsiteIncome.com

  1. Post Once Per Week

July Update – Now that I am working full time I should have no excuses to not hit this goal. There are plenty of topics I want to talk about that I believe would add value so it is good to see me back to hitting my target numbers with my first full month working online.

  • Plan = 4
  • Actual = 4

9 number of posts published

  1. 10x my Outreach

July Update – Continued success on this front with a lot of effort spent performing podcasts in July. The story/strategy of turning an Amazon Affiliate site into an FBA business and then selling it continues to be a story/business model that resonates with people as it connects a lot of dots in the online business space.

  1. Site Redesign – Completed!

July Update – Already Completed

PRIMARY GOAL – GROW TO 30k VISITORS PER MONTH

July Update – 16,364 uniques’ which represents a +66% year over year increase. I believe if I can achieve my weekly posting plus my 10x outreach I can achieve this goal by the end of the year!

10 traffic to awi

Part 3 – Services Business Profit/Loss

11 services goals

  1. Systems Overhaul/Refresh

July Update – Kelley the project manager for the services business has joined me full time in the office and we will be undertaking this large review over the coming months.

  1. Improve email marking and sales automation

July Update – I am continuing to do some small tests to collect data before a larger overhaul. I need to get this done soon.

  1. BrandBuilders.io Becomes The Go-To Resource for Done 4 You Amazon FBA Private Label Websites and Done 4 You Amazon Affiliate Sites

July Update – Continues to be a clear winner when it comes to product/market fit with steady demand for the services offered.

PRIMARY GOAL – STAND ALONE SYSTEMATIZED SERVICES BUSINESS IN 2016

 

Part 4 – Amazon FBA Business

12 fba goals

  1. Sell FBA Business for 30x with 3+ Solid Months

July Update – SUCCESS

  1. Launch Brand #2 – Personal

July Update – After additional due diligence it turns out the business model for this affiliate site to FBA migration would not work with only $12 profit margin on a $120 product. In addition there are some interesting partnership opportunities I am exploring and will be moving quickly on.

  1. Launch Brand #3 – Investors

July Update – Sold out of most sizes of our initial order (no profit on initial order as all units were flown in) and now the first sea shipment has arrived in the US.

  1. ListingEagle.com – Hijack Monitoring Service

July Update – Similar update for June with GREAT metrics and user feedback but our ability to accelerate our customer acquisition has been tricky!

13 listingeagle setup

Overall Income Update

 

Original Monthly Net Income Target (original goal $15k/month reliable income by age 35)

  • Target Net Income = $9,350
  • Actual net Income = $31,869.24
  • 2016 Average Monthly Net Income = $30,296 (stretch goal is 30k average for the year)

14 tracking net income

Gross revenue is a vanity number for my business and I do not share it.

15 net income by division

(note Amazon FBA Income May Be Off By A Little Here – FBA Affiliate Site Income Counted in Passive Income Portfolio – Total FBA Business Income ~$10k)

 

Final Comments

July was a good month to see that my increased effort on all fronts have resulted in growth on all fronts. Having sold off 2/3rd of my FBA business which had first helped push my business over the $30k threshold and to have now bounced back to it in what is often one of the slower seasons for online business it is great to see.

Right now I have reason to be excited about the next phase of the business with lots of growth projects on the go, a growing/awesome team, more hours for me to devote to the business and plenty of room for improvement for the steady divisions of the business I am excited for Q4! Even with all the good news there is still plenty of projects which are not yet on the trajectory I want them on!

I hope these income reports provide an insight into how I organize my various projects and include actionable details for others…most importantly I hope the historical nature of these reports show to people at the stage I was at a few years ago that it is possible to build up an online business that can fund your desired life.

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