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.
When I started my online entrepreneurship journey I took a lot of inspiration from others that were sharing everything they did online.
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:
Key Successes
Key Failures
Below is my businesses main goals for 2017…
3 Goals in 2016 for my Website Portfolio Business
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.
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).
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…
If you have a profitable website you are looking to sell fast please let me know
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.
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!
3 Goals in 2015 for AuthorityWebsiteIncome.com
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!
July Update – No Progress
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
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.
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!
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.
Visit ContentRefined.com for Content Marketing Services!
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!
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!
Original Monthly Net Income Target (original goal $15k/month reliable income by age 35)
Gross revenue is a vanity number for my business and I do not share it.
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!
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…
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:
Key Successes
Key Failures
Below is my businesses main goals for 2016
(Note – FBA Brand #2 Has Been Replaced With my SAAS Business)
3 Goals in 2016 for my Website Portfolio Business
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.
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.
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…
If you have a website you are looking to sell fast please let me know
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
July Update – The ongoing issue with the partnerships associate account at Amazon is still holding this number down lower than I would like.
3 Goals in 2015 for AuthorityWebsiteIncome.com
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.
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.
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!
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.
July Update – I am continuing to do some small tests to collect data before a larger overhaul. I need to get this done soon.
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
July Update – SUCCESS
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.
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.
July Update – Similar update for June with GREAT metrics and user feedback but our ability to accelerate our customer acquisition has been tricky!
Original Monthly Net Income Target (original goal $15k/month reliable income by age 35)
Gross revenue is a vanity number for my business and I do not share it.
(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)
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.
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:
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.
Download This Easy to Edit and Printable Goals Template – FREE
(Note - FBA Brand #2 Has Been Replaced With my SAAS Business)
If you have a site you are looking to sell fast please let me know
(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)
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:
Key Successes
Key Failures
Below is my businesses main goals for 2016
Download This Easy to Edit and Printable Goals Template – FREE
(Note – FBA Brand #2 Has Been Replaced With my SAAS Business)
3 Goals in 2016 for my Website Portfolio Business
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!
May Update – No websites purchased in May.
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…
If you have an Amazon Affiliate site you are looking to sell fast please let me know – Looking to buy fast at market value!!
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
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!
3 Goals in 2015 for AuthorityWebsiteIncome.com
May Update – Still struggling to publish consistently!
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!
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.
PRIMARY GOAL – STAND ALONE SYSTEMATIZED SERVICES BUSINESS IN 2016
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.
Original Monthly Net Income Target (original goal $15k/month reliable income by age 35)
Gross revenue is a vanity number for my business and I do not share it.
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!