Monthly Income Report June 2016: $3,680.53
I can hardly believe it’s already time to publish a new income report.
That being said, I worked at home for the entire month or June, and I can feel the boredom setting in. (This is probably why the month went by so fast: all my days were very similar to each other).
On a personal level, I have decided to get my health back on tracks. Since moving to Manila over 2 years ago, I put on a lot of weight. I haven’t been too happy about it, so I started being more careful about my food intake a couple months ago, and going to the gym at least 4 times a week. I already feel a lot better, and it’s getting easier to focus on work for long hours.
To get my days more eventful, I’m planning to start working again from a cowork space sometime in July. Being in an office setting generally gets me in a more productive mindset, and I will need the boost in the coming months.
I’ll keep you posted about this in my next income report.
Now let’s get back to business.
My main niche site has been my primary focus for the entire month (again).
I put a lot of planning into this site because I see major potential for growth, and I know I can take it to some really exciting level.
During June, I tried to identify the bottlenecks that could slow down growth as the site is expanding.
It’s no secret that my website is an Amazon-type affiliate site, and it comes with one major problem: products going out of stock… And it can have dramatic consequences when the most popular product you’re promoting is not available anymore.
I am currently promoting over 1000 different products on that site, and there is absolutely no way that I could click on all my affiliate links every week/month to see if the products are still available or not.
There are only 2 options at this point:
- Hiring an assistant to check all products at regular intervals,
- Develop an automated way to check the product status.
Hiring an assistant would be an easy fix, but it’s only shifting the problem. What happens when I promote 10000 products instead of 1000? Do I need to hire 10 assistants?
I decided to go with an automated system. Fortunately, Amazon has a pretty solid API that you can use to make all kind of cool queries.
A few years ago, I had already build a script to retrieve the current price of all products at regular intervals, and store them in a database for later use.
It took me only a few days to add a new layer on top of that script: it now checks for availability for each and every product on my site.
If the product is not available, it gets added to a watchlist, and if it stays unavailable more than X days, it gets spitted out in a simple report.
At that point, I just have to check this report every few days and update the links manually to replace dead products with new ones.
This helps me a lot to keep my pages filled with products that are available and ready for purchase. As a result my sales are still growing nicely.
Even though the growth was not as crazy as the previous month, I still received 30% more traffic, and increased this site revenue by 32%.
Talking about victories: I also had my first day with over 2000 visitors on June 26th!
With the past month revenue for that site, the current resale value is $62,428.40 (if I wanted to resell it for whatever reason, which is clearly not my plan at the moment). This is a lot of money, but I’m nowhere near the goal I set for that site yet, so I’ll just keep growing it day in and day out.
In June, I didn’t publish any new content besides my monthly income report on this blog.
As you can see in the following graph, the traffic was pretty low:
The only actual work I put on this site were a few tweaks to the design: namely, I added a nice animated graph in the top right corner of the site (on desktops) to give more exposure to my income reports; I added a “sticky banner” in my sidebar to promote my guide about how to start a blog; and I removed the category navigation from the top of the site because it appeared that not many visitors were using it anyway.
I am already seeing an increase in traffic to the “how to start a blog” page, as well as my latest income report, but we’ll have to wait until these changes are live for an entire month to know if it was really worth it or not.
At this point, I’m not even sure why I keep reporting this project here since I didn’t work on it at all for over 3 months.
I am still hoping to find the motivation to give it another try, but I keep pushing it back since I have some other projects making me more money and it feels like a better use of my time.
My 3 viral sites were still on complete autopilot for the entire month.
I am facing the same challenge as with the joint venture: at the moment, my time is better used on other projects where my effort has a better return on investment.
The traffic and revenue are pretty stable at this point, and I don’t expect any major change next month.
What about the money?
Here is a breakdown of the money flow for my various projects.
To make this report easier to understand, I’m using a simple color code: green numbers are positive, red numbers are negative.
Please keep in mind that these figures may not be 100% accurate due to various factors such as refund requests and network adjustments. The terms for each payment may also vary. As a result these numbers may differ from the actual payments issued and received.
|Niche Sites||$2,934.48||▲ $1,676.03|
|Viral Sites||$89.91||▲ $9.73|
The two major factors for June money-wise are the consistent growth of my main niche site, and some big cuts in my expenses, allowing me to increase my bottom line by 160% month over month (from ~$1,000 to ~$2,600).
I am now taking a very simple approach regarding my spending (one-shot expenses as well as recurring fees): if a product or service is not absolutely essential to grow my bottom line, I just stop paying for it. This principle alone has allowed me to cut my expenses almost by half.
Check the following graph to see what I’m talking about:
Another exciting month in the books! Will it keep going this way next month? The only way to find out will be to read next month income report.
The plan for July is to keep adding content to my niche site. I need to streamline some of the steps in my content production line to make it more scalable.
The bottleneck in that process is me, because I do most of the keyword research, article editing and formatting myself. I need to find creative solutions to organize this system.
I’m not completely sure how summer months will influence my traffic and sales for that site, so I’ll have to keep an eye on my stats to make sure I don’t overspend.
I wish you the best, and see you next month.
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