It’s time for a quick recap of April!
April was starting out to be a great month, then Amazon decided that the middle of a pandemic was the perfect time to hit all their affiliate with massive commission drops.
Since the changes were applied on April 21st, this past month wasn’t too bad, but May should be an absolute nightmare.
Amazon currently being one of my main sources of income, things looks pretty grimm for the future.
I expect a massive change in trajectory and a huge drop in revenue next month.
This is making me rethink my whole strategy for Project 5, and I didn’t wrap my head around this idea yet.
My content budget for April was already alocated to a team of writers when Amazon dropped the bomb, so my expenses are quite high. I have to think carefully about what I’ll be doing in May.
Let’s get started with this monthly income report, shall we?
It’s official: I’m making my big push for content for Project 5.
After reviewing the numbers in great details, I have decided that it’s the right time to order a ton of new content for this website.
Traffic is growing at a decent rate: with less than 40 articles published on the site about a year ago, and nothing done ever since, the site reached over 36,000 pageviews last month.
I’m not going to go over all the details of my thought process, but it just makes sense to decide which budget I want to spend on content for Project 5 for the next 6 months, then spend it as fast as possible (probably 2 or 3 months).
If the content gets published faster, it starts getting Google traffic faster, and it starts generating money faster. It’s as simple as that.
Since I’m going to be spending the budget anyway, I might as well speed up the process.
What about the money?
Here is a summary 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.
|Sponsored Posts||$152.00||▲ $72.00|
April is my best month so far for this year in terms of revenue. Being a stone-throw away from $1,500 in revenue has me really pumped up.
Unfortunately, with the drop in Amazon commisions, I don’t think I’ll be hitting this milestone any time soon.
One thing that I didn’t mention before is that I randomly found out that my hosting company (Liquidweb) is now offering 2-year prepaid plans with a huge discount.
I went ahead and moved to this prepaid plan, which explains the huge jump for the LiquidWeb expense. The upside is that from now on, I should have close to $0 in hosting fees for the next 2 years!
Since I invested almost $2,000 in new content, April ended up being my worst month for 2020 with a loss of a little over $1,200.
What’s happening next?
More losses are coming for the next 2 or 3 months.
I won’t be surprised or disappointed when they happen because it’s all part of my plan to do a big push for content for Project 5.
The important thing is to keep my eyes on the big picture and move forward.
Stay tuned for the next update!