My July 2015 Monthly Income Report
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July was a great month! I made a total of $8,247.76.
My monthly income grew by $3,932.49 which was in part due to the introduction of my newest income stream selling on Amazon.
I also received some income for a mobile App UI design consulting which mostly won’t show on next month’s report. These two factors accounted for that jump!
|AdSense Revenue from Niche Sites||$75.45|
|Dating Website Membership Fees||$46.90|
|Peer to Peer Lending||$600.00|
|App Design Consulting||$1,800.00|
|Room Rental Income||$200.00|
July’s Total Income
My dating website membership fees also jumped by up over 2,256.78% (or up by +$44.91 ha ha). I hope this growth continues in August!
I wish I started charging membership fees on my dating website earlier this year- maybe January. I have a feeling by now, it would be generating a decent amount of passive income.
During my app design consulting deal, I learned a lot regarding launching an app in the marketplace and so I’ve decided to activate that income stream in the near future. I’m currently in talks with some app developers to lay the foundation for a new app I’ll be working on.
My digital services and consulting income will take a dip in August because I will spend most of my time working on revamping this blog and creating new systems. Nevertheless, I hope to have things pick back up sometime in October after I have enough systems in place for all the new income streams I hope to establish!
From August, I will be cutting back on peer-to-peer lending because the returns are not that great. I’d rather put that money somewhere else where I can better returns.
Since selling on Amazon is producing some encouraging results, I’ll pump more cash into that business and see how things work out. Tune in at the end of the month to see where things go with that.