June Income Report

June was one of the most eventful months in my online businesses history.

It is the month where I worked my last day at my day job and have now moved back to my hometown to pursue online entrepreneurship full time!

Lots happening in my life and online business in June… some good some less than ideal (see ankle/move story below) but all part of the adventure!

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. Email Opt In Sequence – (100 signups per day for FBA Business) –I have recently changed the sequence of driving people to Amazon to first send them through a squeeze page where they receive a marginal discount (5-15%) in exchange for their email. This has increased my opt in rate for that business to 100 per day!
  2. FBA Business #2 Now Live and Selling – Finally some promising progress on this partnership after several months of challenges and set backs we are now moving forward with the site holding solid with traffic and driving sales of our product on Amazon.
  3. SEO Consulting – Although I will continue to do this on a very limited scope I have enjoyed working
  4. Quit Job, Moved Houses and Setup in New Office With No Loss in Work – Lots of moving parts in June along with the usual Summer family/friend social commitments but we pulled off the move successfully and I am now setup in my new office crushing work.

My New Office Setup...

clever-office-new-office

My office is located in a co-working space in Collingwood Ontario called TheCleverOffice with some great waterfront views, fast internet, complimentary coffee/tea and a co-working community with tons of support it has made the migration to being setup and productive extremely efficient!

If you are ever happen to be in the area or want to work in proximity to me and my growing team feel free to find out more about the co-working space here.

Key Failures
  1. Tearing My Ankle Apart – Not exactly business related but still worth mentioning… the night before the moving truck came with several things left for me to move around I was playing baseball and tore my ankle up good! Definitely added a little complexity/pain to the move but it is what it is.

    WARNING CLICK TO REVEAL – Gross Picture for those weirdo’s (like me) that like seeing pictures of nasty bruises…

  2. Amazon Affiliate Challenges – The partnership Amazon Associate accounts I am apart of have had substantial problems with getting closed down by Amazon. This has hurt the performance of both partnerships. What is odd is that my personal account continues to not have problems. These challenges has me rethinking what had been my original plan to double down on the business model of investing in affiliate sites and turning into FBA businesses.
  3. My Email Marketing Sucks – My email marketing is terrible! This is nothing new but with the number of subscribers I am now getting across all my businesses my automation and follow up sequence is embarrassingly bad! Time to improve!

2016 Business Goals

Below is my businesses main goals for 2016
Picture1Download 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

Picture2 3 Goals in 2016 for my Website Portfolio Business
  1. Systematize Top 20 Sites in Portfolio
June Update – Top 20 sites is likely too many with my teams current setup. I have made good progress on the content side but need to tie it all together into a more coherent overall strategy.
  1. Buy 1 Site Per Month
June Update – I have continued to add 1 site to my portfolio a month but always looking for more sites that seem to be in my sweet spot… ~$100/month sites with someone looking for a quick sale.
  • GOAL = 1 Website
  • ACTUAL = 1 Decent Website Purchased
Picture3 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)
  • Sites are medium-questionable quality (questionable SEO, non-native English articles are OK)
  • High quality sites making over $500/month often make sense to sell via other channels (EmpireFlippers is a great marketplace)
  • Understand that the benefits of the bullet points above means the sales multiple will be lower

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

 
  1. Sell Websites Strategically for $100k Total
June Update – Still on track with good performance from group that took over the site.   PRIMARY GOAL - OVERALL INCOME FOR WEBSITE PORTFOLIO ABOVE $10k/MONTH Picture4 June Update – The loss of the Amazon affiliate accounts for the partnership businesses have hurt this months amazon associate income!

Part 2 - Authority Website Income Blog Profit/Loss

Picture5 3 Goals in 2015 for AuthorityWebsiteIncome.com
  1. Post Once Per Week
June Update – Posting 1 great post per week is continuing to be a challenge but with increased time I hope to be able to achieve/surpass this over the coming months!
  • Plan = 4
  • Actual = 3 Picture6
  1. 10x my Outreach
June Update – Success! Although most of the people I spoke to this month do not directly have a site to promote me I did connect with over 30 readers of AuthorityWebsiteIncome on Skype or Google Chat to discuss SEO or what improvements could be made to their site. This took a lot of work but really helped me understand more about the great readers of AuthorityWebsiteIncome.com. Everytime I survey this audience I am blown away by the calibre of the people that follow this site!
  1. Site Redesign – Completed!
June Update – Continuing to tweak but I can call this one complete! PRIMARY GOAL – GROW TO 30k VISITORS PER MONTH June Update – 19,182 uniques’ which represents a +124% year over year increase. I believe if I can achieve my weekly posting plus my 10x outreach I can achieve this goal bye the end of the year! Picture7

Part 3 - Services Business Profit/Loss

Picture8
  1. Systems Overhaul/Refresh
June Update - Big plans in August!  
  1. Improve email marking and sales automation
June Update - Big plans in June!  
  1. BrandBuilders.io Becomes The Go-To Resource for Done 4 You Amazon FBA Private Label Websites
June Update - Lots of exciting progress with this business. Many growing pains are resolved and the growth rate is keeping pace with the teams growth rate. PRIMARY GOAL – STAND ALONE SYSTEMATIZED SERVICES BUSINESS IN 2016  

Part 4 – Amazon FBA Business

Picture9
  1. Sell FBA Business for 30x with 3+ Solid Months
June Update - Money is in the bank, progress with the transition is going well with some setbacks (such as the amazon associate account getting hit).
  1. Launch Brand #2
June Update – One affiliate site is doing very well right now and could be a great fit but this project has been put on the backburner until I turn around Brand #3 with investors.
  1. Launch Brand #3
June Update – First sale in Amazon has occurred. This was about 3 weeks behind the original schedule and the loss of the affiliate site hurts but overall the business now has momentum going into the summer.
  1. ListingEagle.com– Hijack Monitoring Service
June Update – We crossed over the 100 user threshold and have been getting some great feedback with most other metrics remaining healthy! What I am most happy about this project is the team setup. With highly skilled developer, manager and advisers this business although not yet profitable is working well with all key metrics for a SAAS business strong… lifetime value, acquisition cost, churn, engagement etc… now we just need to grow faster! Picture10

Overall Income Update

Original Monthly Net Income Target (original goal $15k/month reliable income by age 35)
  • Target Net Income = $9,175
  • Actual net Income = $25,304.01
2016 Average Monthly Net Income = $30,034 (stretch goal is 30k average for the year) Picture11 Gross revenue is a vanity number for my business and I do not share it. Picture12

(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

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May Income Report 2016

Better late than never!

In this months income post I will share the results of my business for the last full month of day job I had! As of June 10th I am now working on my online business full time!

May had a big change to the business with my first substantial sale of 66% of my FBA and affiliate site business.

The result has been a drop in income due to the sale of the business but my plan is to try and hold to my stretch goal of $30k/month in 2016 even though I have sold off 66% of a big part of my business.

My Business Projects:

  1. Passive Income Website Portfolio
  2. AuthorityWebsiteIncome Blog
  3. SEO & Expired Domain Services:
  4. Amazon FBA Business

Key Successes

  1. Sale of FBA Business Finalized – It took awhile but the sale of the FBA business was finalized in May.
  2. ListingEagle.comThe team has been working very well on this business and it is quickly becoming the default tool for Amazon FBA sellers looking to monitor their listings.
  3. New Authority Site – I have partnered with my business team lead to do the leg work of building out a new authority site and so far it is performing well.

Key Failures

  1. 2nd FBA Business – The second FBA business has had a slower start than I would have liked. Multiple challenges have popped up and I am continuing to grind away at them until we have success.

2016 Business Goals

Below is my businesses main goals for 2016

Picture1Download 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

Picture2

3 Goals in 2016 for my Website Portfolio Business

 

  1. Systematize Top 20 Sites in Portfolio

May Update – The framework for the changes I will be making to better systematize the management of these sites beyond simply adding content is taking shape. The foundation for the changes will be the work that is being done to build up our latest authority site!

 

  1. Buy 1 Site Per Month

May Update – No websites purchased in May.

  • GOAL = 1 Website
  • ACTUAL = 0

Picture3

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)
  • Sites are medium-questionable quality (questionable SEO, non-native English articles are OK)
  • High quality sites making over $500/month often make sense to sell via other channels (EmpireFlippers is a great marketplace)
  • Understand that the benefits of the bullet points above means the sales multiple will be lower


If you have an Amazon Affiliate site you are looking to sell fast please let me know – Looking to buy fast at market value!!

 

  1. Sell Websites Strategically for $100k Total

May Update – This goal was achieved in Feb with the sale of a six figure option (see details here – creative structure here). Right now the deal continues to be going well but the option has not been exercised.

 

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

Picture4

May Update – Although the graph above doesn’t show it this is a great month since I sold off a decent sized portion of my portfolio but the income remained solid!

Part 2 – Authority Website Income Blog Profit/Loss

Picture5

3 Goals in 2015 for AuthorityWebsiteIncome.com

 

  1. Post Once Per Week

May Update – Still struggling to publish consistently!

  • Plan = 5
  • Actual = 3

Picture6

  1. 10x my Outreach

May Update – With the transition out of the day job I hope to be able to recover this over the coming months. So far my outreach and networking in this space has been weak!

  1. Site Redesign – Completed!

May Update – Continuing to tweak but I can call this one complete!

PRIMARY GOAL – GROW TO 30k VISITORS PER MONTH

May Update – +79.3% year over year increase. I believe if I can achieve my weekly posting plus my 10x outreach I can achieve the goal of 30k per month! What is also interesting to note is that last year in May I was extremely busy with my day job and did not get many posts out. The graph below shows the benefit of me publishing regularly.

Picture8

Part 3 – Services Business Profit/Loss

Picture9

  1. Systems Overhaul/Refresh– This one hasn’t started yet but I have a plan for it mapped out and I am looking forward to July/Aug to be able to focus on this effort.
  2. Improve email marking and sales automation– In January I started down this road moving all contacts over to ActiveCampaign but have not fully fleshed out the sales automation yet (this is at the top of my list for my effort in July/Aug)
  3. BrandBuilders.io Becomes The Go-To Resource for Done 4 You Amazon FBA Private Label Websites – Awesome results for customers to date! We are growing in staff now as well to meet demand.

PRIMARY GOAL – STAND ALONE SYSTEMATIZED SERVICES BUSINESS IN 2016

 

Part 4 – Amazon FBA Business

Picture10

  1. Sell FBA Business for 30x with 3+ Solid Months – Success – closed the FBA business sale in May!
  2. Launch Brand #2 – With my other projects on the go this one has slipped off the priority list. I am re-establishing my expectations for this business as I prioritize it below a few other projects still in development. I will potentially launch this effort in Aug (but to be determined)
  3. Launch Brand #3 – This project with investors has gone slower than I would like. We have run into issues I certainly plan to share on this site for its learning’s. I will be putting more focus on it over the coming months to ensure it is successful!

 

Part 5 – Web App Business – ListingEagle.com

May Update – Product was launched on TheAmazingSeller podcast on May 10th. Although we had some extremely lofty goals we did not hit in the first month I am very happy with the project & teams performance. For the sake of this income post I am not including income numbers for at least a couple months.

 

Overall Income Update

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

  • Target Net Income = $9,000
  • Actual Net Income = $26,910
  • 2016 Average Monthly Net Income = $30,980 (stretch goal is 30k average for the year)

Picture11

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

Picture12NOTES:

  • FBA Business sold in May so only 1/3rd of the businesses earnings are counted
  • Revenue/Costs associated with ListingEagle.com are not counted here (yet)

Final Comments

May and the start of June was certainly a huge time for my business with…

The overall income took an obvious dip with the sale of the FBA business and that income no longer being counted.

Overall I am happy with the direction of most of the projects I have on the go with a couple that need to be fixed badly!

I am also very excited that I am now full time working on my online business moving into my new office today and ready to grind away at the backlog of work I have to do to push my businesses forward!

With this added time I am very much looking forward to connecting with more of you and producing the type of content we all get the most from!

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Income Report – October

October was a month where I found myself splitting time into multiple projects with the launch of my Amazon FBA business and creation of my completely free guide to building your own PBN (here)

Many many problems popped up in October with most of them being relatively new. For me new problems usually represent progress on a project/business. The problems that are an indication of us not doing a good job are recurring problems…I had some of those this month as well!

october-income-report-balancing-act

In this report I will talk through my monthly results for…

  1. Passive Income Website Portfolio
  2. AuthorityWebsiteIncome Blog
  3. Expired Domain Services:
  4. Amazon FBA Business

(more…)

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July Income – Grinding it Out


July I was able to get back to working and building my online business and it felt great!

Although I didn’t get as much done in July as I had planned (rarely do) it was great to see forward movement on several of my goals for 2015 that hadn’t made much progress through the first 1/2 of 2015.

Income was solid again but I didn’t see an immediate uptick for my increased effort but believe the changes in July will pay dividends moving forward.

Already the first week in Aug has been a record week in part due to having the Top Selling product at the Source Wave marketplace – Done for You PBN Delivered in 24hrs w free hosting for 1 year! (great reasonably relevant introductory PBN offer & very promising Marketplace!)

In this report I will talk through my monthly results for… (more…)

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June Income Report – Almost At My Goal

As I write this income report I have to appreciate the symbolism…

Several times I have stated that the reason why I work the hours I work is to provide financial security to my family and be able to provide the life we choose (in addition to the fact online business is simply a lot of fun!).

What we are working towards is $15k/month in reliable online income by the age of 35 to be in a position to move back to our hometown if we choose.

As of this writing I am sitting in my first hard asset purchased primarily with income earned online (a rental/vacation condo in my home-town) working at my childhood desk moved from my parents garage attic.

If I was a better writer I would talk about the symbolism of where I came from (childhood desk) what I am doing (working on my online business) to get to where we want to be (our hometown).

Alas a picture will have to do…

My Vacation Office - A Little Rustic!

My Vacation Office – A Little Rustic!

June was a busy month again for my day job but as of this writing in July it is all wrapped up and I have a couple weeks to experience summer and dedicate more hours to my online business (expect a few overdue changes!).

In this report I will talk through my monthly results for…

  1. Passive Income Website Portfolio
  2. AuthorityWebsiteIncome Blog
  3. Expired Domain Services:

Key Successes

  1. Systems – With my schedule and main project manager having gotten married in June the team is doing a fantastic job of continuing to provide the quality PBNs to our clients and also help to grow the website portfolio.
  2. Website Purchases –Several purchases have performed well and I have set up a solid tracking system to be aware of how each investment has done. Overall the returns have been healthy but there are also several big losers in the group. For sellers I seem to be the sweet spot for some people…
    • With Lower earning sites who don’t want to give up a relatively high % of their sales to a brokerage site
    • Who don’t want to go through the long, time consuming sales process of other sites(Flippa)
    • Who have sites who may not qualify for the more premium brokerage sellers (Empire Flippers)
    • Who are looking to sell CRAZY FAST (money in PayPal accounts in 24hrs)
    • (If you have a site making money and are looking to sell please contact me at jonhaver11 (at) gmail (dot) com
  3. Recovered Earnings – I mentioned the loss of income from missing some affiliate sales and this month I was able to get them all back. A $3,500 cheque showed up which was fantastic!

Key Failures

  1. Time – June was much like May when it comes to how many hours I was able to work on the business(way to few!).
  2. My 2015 Goals – I spent a lot of time on building my plans for 2015 and clearly I messed up…WAY to many goals. Just look at my income reports and you can see how many times I have not been able to progress a goal. Having so many it has left me more than a little unfocused!

2015 Business Goals

goal

Download This Easy to Edit and Printable Goals Template – FREE

Part 1 – Passive Authority& Niche Website IncomeProfit/Loss

one

No matter where my future business direction I would have a very very hard time giving up the fun of building, buying and running profitable websites.

5 Goals in 2015 for my Website Portfolio Business

1. Build Six Figure Website

JUNEUPDATE – Week over week traffic growth continues. Income is not as strong as desired (over $100 again). My progress on publishing articles has slowed with the key PM stopping work during my busy period and me not being able to replace in time.

audience overview

June Stats

  • Traffic =10,523
  • Income = $162

2. Continue Building Smaller Profitable “Niche” Sites

JUNE UPDATE – Several small successes but the project I was working on is now on hold for me to free up time to focus on growing the sites I have.

3. Systematize Top 20 Sites in Portfolio

JUNEUPDATE –No progress on this front (again!)

4. Buy 2 Sites Per Month

JUNEUPDATE: One website was purchased…right now it is looking like it was definitely not a good purchase but overall I am still happy with my portfolios performance (although the total dollars invested remain relatively low).

  • GOAL = 12 sites purchased by June 2015
  • ACTUAL = 18 sites (+1 in June)

num of site 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

5. Improve Monetization of Existing Sites

JUNEUPDATE –GREAT NEWS…that $3,500 in missing commissions was realized in June. So a big uptick in income on my niche sites but controlling for the $3,500 I still had my second best month on my niche sites with $4k in net income. In July I expect to have a big effort to produce a detailed checklist and assign a team member to review all money sites each month to confirm this won’t be able to happen again.

PRIMARY GOAL – OVERALL INCOME FOR WEBSITE PORTFOLIO

passive income portfolio

Part 2 – Authority Website Income Blog Profit/Loss

two

My commitment on this site is to provide once per week posts from me in and one MONSTER of an ultimate guide a little later in the year.

3 Goals in 2015 for AuthorityWebsiteIncome.com

1. Post 1-2 times per week

JUNE UPDATE – As discussed last month I will be starting to slip on this front!

  • Plan = 4
  • Actual = 1

total num post published AWI

JUNE UPDATE – Very weak involvement from me here!

  • Interview = 0
  • Roundup = 0
  • Podcast = 0

 

2. 2 EPIC Posts Published

JUNEUPDATE –One mini-epic post has been published with me revealing the 301 building block strategy (Part 1, Part 2)

3. PRIMARY GOAL – GROW TO 30k VISITORS PER MONTH

audience overview 2

Part 3 – Services Business Profit/Loss

three

  1. Create Stand Alone Business

JUNEUPDATE – No progress towards this, this will come after #2 below has more progress.

  1. Rework and Customize Systems

JUNEUPDATE – Minimal progress but systems are holding!

  1. Systematic Customer Acquisition

JUNEUPDATE – Soft launch of affiliate program was a success (with a lot of hiccups) a more robust system is needed and is a big project for July!

PRIMARY GOAL – STAND ALONE SYSTEMATIZED SERVICES BUSINESS

In my 2 weeks vacation I have now this is the key business goal!

Overall Income Update

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

  • Target Net Income = $7,075
  • Actual net Income = $14,993
  • 2015 Average Monthly Net Income = $9,838
goal-15k

Red Line = Reliable Income Goal

overall net income

Final Comments

Overall from an income standpoint I flirted with the $15k mark but just missed it. A big $3,500 cheque and overall $4k performance in my passive income portfolio was great to see and boosted my overall earnings.

If there was one upside to me not being as involved in my business as I would like is that it provides me with both a an opportunity for problems to be exposed and a fresh perspective to see those problems. Because of this my to-do list in July is VERY long but working hard to focus on 1 thing until it is crushed!

I am in the middle of several improvements and looking forward to sharing those learning’s with everyone in the hopes it can help you in your business!

Hope your businesses are going well through the summer!

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