Monthly Income Report October 2016: $3,432.64
It’s time for a quick recap of October!
Last month has been painfully uneventful, so it’s going to be a very short monthly report.
September has not been such a good month because my income decreased significantly (compared to August), and I increased my spending based on August results.
The outcome was a pretty low net revenue.
In October, I took measures to stop the hemorrhage and make sure that I don’t get a negative cash flow for the month.
Here’s what happened in October
After the big drop in Amazon commissions in September, I really wasn’t sure what to expect for October.
Of course, I was hoping for the best: seeing my commissions bounce back; but I had prepared myself for the worst: another month of decrease.
Unfortunately, the latter happened and my Amazon commissions went down again.
Before I write about this in more details, let me tell you what I’ve been working on in October.
What I’ve been focusing on
I’ve been working on two different things in October.
Most of my time was spent working on the software for super affiliates that I briefly wrote about last month.
I gave access to the tool to three of my super affiliate friends.
It’s a win-win situation: I get feedback from real users about what needs to be fixed and what can be improved, I get a chance to see how the tool performs with real traffic, and they get to use a kickass tool that increases their bottom line on autopilot for free.
The feedback has been really amazing so far, and I’ve already made countless tweaks to increase the performance of the tool.
The second project I’ve been working on is my Amazon affiliate site.
What happened with my affiliate site
In September I spend a decent amount of money on some new content for this site, but since I was busy working on my new tool for affiliates, I didn’t get the time to publish all of them.
In an effort to decrease my spending in October, I’ve decided to completely stop buying new content for a while, and simply publish the 80 articles that were written during previous month.
As a result, my expenses decreased by over $1,600 in October, and my net result increased significantly compared to September.
Unfortunately, this month also came with a few bad news, and my traffic and Amazon revenue went down again, as you can see in the following graph:
As you can see, the traffic to this site received around 6000 less visitors than previous month, and revenue decreased by $400.00 to make barely over 2,600.00 in October.
After 2 months of decrease, I am starting to get worried as I am not sure what step I should take next to reverse the trend.
A few words about Dukeo
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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||$2,738.86||▲ $1,232.29|
|Viral Sites||$82.72||▼ $4.13|
In terms of numbers, the most significant change between September and October is the decrease in my expenses. I went from spending over $2,600 to less than $1,000, while maintaining my revenue. The result is a nice increase in net revenue.
It’s also interesting to note that even though my Amazon revenue decreased compared to previous month, it was offset by an order for sponsored content I received for Dukeo.
My viral sites are still making around $80 on complete autopilot. As long as they don’t require any work from me, I will let them run their course. Who doesn’t like free money?
The joint venture is a whole other subject. It’s been stagnating for almost one year now. I spent over 1.5 months working full time on this project in the beginning and my partner assured me that he was going to send a certain amount of traffic to the site. Long story short, he never delivered. I’m seriously considering just killing the project at this point.
As you can see on this graph, the expenses line and the net result line almost exactly switched positions in October.
November should be an interesting month.
What’s happening next?
The plan for November is quite simple: get people to start paying for my tool for super affiliates, and not spend too much on new content for my affiliate site.
November and December are generally huge months for ecommerce thanks to Black Friday, Cyber Monday, and Christmas, so I am confident that my Amazon commissions are going to increase quite significantly.
Subscribe to my newsletter below, and I’ll keep you posted about my progress next month.
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