My August 2015 Monthly Income Report
August was an even greater month! Probably because it’s the month I was born.
I made a total of $17,319.06– Happy Birthday to me 🙂
My monthly income grew by an insane $9,071.30 (109.98%) which was mainly due to the decision I made last month to focus more on my newest income stream selling on Amazon.
As you can see in the breakdown below, almost everything else with the exception of my rental income suffered but it was SO worth it!
|AdSense Revenue from Niche Sites||$90.41|
|Dating Website Membership Fees||$45.89|
|Room Rental Income||$625.00|
August’s Total Income
I’ve focused more on Amazon and as of yesterday morning (August 31st) shipped out my first FBA packages. I’ll be sharing more on that by the end of this month.
Amazon’s income made a crazy 920.07% jump (yess!!!). I had 3 payouts which I gladly welcomed.
My AdSense Revenue also made a 19% jump! I hope this growth continues in September, my goal is to hit the $100 Google threshold!
Trust your gut: Cutting off the peer-to-peer lending was a good move, it was taking a lot of my time and din’t have much returns- I went with my gut!
Although the new design looked better, it wasn’t doing well for me as far as generating AdSense revenue. So, I separated the two sites and as you can see, that had a +ve effect on my AdSense revenue.
Take Risks: I’ve introduced new SKUs in my Amazon Inventory, they’re not proven yet so they could be a total flop, but I won’t know unless I try right? As always, you’ll be the first to know how this goes down by the end of this month.
Since selling on Amazon has continued to show some encouraging results, I’ll continue to reinvest my earnings back into this stream. I’ve just started experimenting with FBA, if that goes well this month, I’ll add more products.
I also plan to introduce some Private Label products (maybe just one for now) before the end of the month.
I’ll continue tweaking things with AdSense to hit my $100 goal by the end of the month.
As I juggle all these balls, my Digital Services will continue to take a hit, but as long as the other existing streams are growing, I’m ok with that.
Tune in next month to see how September turns out.