$14,156 in August Business Income (2024)

Hello everyone! Welcome to August’s business income (and a little bit of extra income) report. It’s time to look at my monthly income report and track my progress over the past month. Background information: Thisall started out as my“extra income” reportbecause before October of 2013, I still had my day job. In thoseextra income reports,…

Hello everyone! Welcome to August’s business income (and a little bit of extra income) report. It’s time to look at my monthly income report and track my progress over the past month.

Background information:

Thisall started out as my“extra income” reportbecause before October of 2013, I still had my day job. In thoseextra income reports, I included all the income I made except for my day job.

In Septemberof 2013, I turned in my notice at my day job as a financial analyst, and my last official day at that jobwas in October of 2013. Now, my income reports consist of the mainway I make an income each month, which is through my freelancing business.

Some think I’m crazy for publishing my income report each month and being so public about the whole thing. I even received some flack recently from someone who sent me an email telling me I’m crazy! However, I don’t think I’m crazy (well, I hope I’m not). I publish my income reports each month for many reasons.

The main reason why I started side hustling is because I was reading other bloggers’ monthly income reports and they hadme interested and motivated in making extra money. Now, it seems like there are several bloggers out there who publish their income reports, and I love reading all of them. I read income reports from Smart Passive Income, Retire By 40, Matthew Woodward, and more.

Before I started blogging, I knew nothing about side hustling and making money online. I didn’t think side hustles were worth the time, and I thought the main way to increase your income was through your day job. I believed the only way I could make money money was through raises and promotions.

Oh, was I wrong!

If it weren’t forothers publishingtheir monthly online income reports each month, I don’t know if I would have even everattemptedside hustling.

Also, I like to publish my income reports each month because it’s a way for me to look back, learn from my mistakes and see what I need to change or improve the following month. Just sitting here and typing up this month’s income report is a great way to keep track of mybusiness goals. It also gives me motivation because if I can see that nothing has changed in a few months I know what I need to start working on.

I know I say this every month, but it is the truth. Life is just so great now that I am doing what I want to do. I look forward to each and every day and it is a wonderful thing.

How was August?

August was another great income month, and it was my second best month after expenses. I did think August would be slightly better, only because I feel like I’ve been working a lot of 16 hour days lately. It was still a great month, and I hope it pays off in future months.

I have a lot of plans and I feel like I’ve been all over the place lately.

One areaI need to work on is better time management and finding more time to enjoy myself. Instead, I usually feel like whenever I spend time doing something else, that I actually should have been working.

UGH! But that’s the life of someone who works from home. It’s hard to stop working.

I love self-employment, but this is still a job, a career, and a business.

One thing I have to remind others is that my freelancing business is still a job. I spend many hours every day, every week, and every month on my business.

This is not passive income, although one day I hope that much of my income is passive.

Taxes also take approximately 30%of my extra income. I also have to provide for my own retirement, health insurance, vacation time, and more. This is something not everyone thinks about.

This is my full-time job, and for a few years I was working my full-time job while having my business as well. There were many sleepless nights!I was a major workaholic, but thankfully it all paid off and worked out for me in the end.

As always, if you have any questions about my monthly business income you would like me to include next month, please leave a comment or send me an e-mail.

Blog News.

I don’t have anything groundbreakingto share onMaking Sense of Cents. I finally made my Instagram public, so if you want to follow me, click here!

One thing related to blogging I am excited for is FinCon though!

FinCon is this month and the conference is in New Orleans this year. We went to New Orleans last year and had a lot of fun. Wes is coming with me as well, but he won’t be coming to the actual conference.

I’m excited to see everyone again from last year and to meet bloggers I haven’t met yet. FinCon is also great because there are a lot of great sessions so I can improve my blogging skills.

We’re in the process of creatinga blog for Wes.

We are still in the beginning stages of creating his blog, but we are chuggingalong. He has created a list of post ideas, he has written a few already, and we bought a domain name. Other than that though, we haven’t done much.

We are hoping to have his blog ready soon and hopefully start publishing some posts. His blog is not personal finance related in any way, but that’s all I’ll be sharing for now 🙂

Working on the road.

I went on one trip in August, and that was to Colorado again. We still love the idea of living there, but we plan on visiting a few more times before we start to look for homes. We want to be sure with our decision because selling a home honestly gives me nightmares. I don’t even want to think about selling the one we already have. If you haven’t noticed yet, I get stressed easily haha!

We are still thinking about getting a travel trailer so we can travel more. That will most likely wait until 2015 though so that we can save more money for it.

Working on the road has still been great. There has only been one bump in the plan so far, and you can read about that in Monday’s post When Being Cheap Backfires – My Hotel Mistake.

My plans for my websiteand my business:

Start an eBook. – I haven’t done much fora futureeBook yet. This is on hold for now.
Build my brand. –This is still slowly happening.
Promote more. –I have been getting better at promoting, but I would really like to work on this more. I have noticed that working on improving the images I use has led to more clicks from Pinterest, which is good! I received a little over 4,000 clicks from Pinterest last month which is my best ever.
Accept more interviews. –I had fiveinterviews in August. I’m still taking advantage of using HARO and accepting interviews.

Staff Writing.

Staff writing was slightly better in August. I am in the process of securing a new client and I am hoping to get it. I still have not actively searched for any new clients though, and that is something I would like to change.

What should I do to find more staff writing or virtual assistant jobs?

This is now a permanent featurein my monthly business income posts because it is such a popular question everymonth.

There are two main ways for you to find staff writing and/or virtual assistant jobs–either they find you or you find them.

A clientfinding you can be more difficult, as there is nothing really too active that you can do to speed up the process. So, if you want another job sooner rather than later, then you should go out there and try to find a new staff writing or virtual assistant positionyourself.

If you are wanting new clients to find you, then there are actions you can take. Usually website owners find me through myContact/Hire Metababove, and this is something that I think all bloggers should have on their website. Start one now! That is my number one tip! No one can hire you if they don’t even know that you are looking for afreelancing job.

You also might want to post in related forums. There are online job forums out there, you just have to search for them. You need to let your services be known and possibly even ask others to spread the word.

Here’s my monthly shameless plugin: If any of you need a staff writer or just a one-time content writer, please let me know. Whether you need a couple of articles every week, or just a single post with no ongoing relationship, I am your person. I can write regular content and be hired as a staff writer, content to fill in gaps in your writing schedule, content for advertising and so on. My turnaround time is quick and I am reliable.

I created the article titledDo You Want to Be a Freelance Writer, so please read further about this topic if you are interested in staff writing as a way to make money online.

Buying websites.

I have bought two websites and built four.That meansI have a total of 6 websites I ownmyself.

I also manage a handful of other websites.I am thinking about adding a few more websites to my portfolio so I can grow them and hopefully one day make an income from them. If you have a website for sale, feel free to shoot me an email because I may be in the market again soon.

Do you plan on buying websites in the future? Why or why not?

Update On My Blog and Social Media Management Services.

In the month of August, I managed a few different websitesfor otherowners. They all went well, and website/social media management is a serviceI enjoy providing.

For some, I completely manage the website (everything from e-mails to fixing old articles) and I try to make money for the original website owner through advertising and affiliate income, and then I forward their share of what their website made. I am in complete control of these websites, and the blog owner sits back and enjoys some passive income.

For others, I manage just a few aspects. I might help them answer emails, monitor their website to make sure nothing happens, or I handle their social media.

Pricing is on an individual basis because no two websites/blogs are alike. If you are interested, sendme an email and I would love to help you out. If you are interested in the different services I provide, you can find themhere.

If you are interested in being a virtual assistant, I recommendyou read this past article of mine.Don’t forget to also read aboutwhat exactly a virtual assistant does.

Affiliate income –Still slow.

I am starting to get more and more into affiliate income, but it has been a very slow process. I am afraid to review too many programs because I don’t want this blog to turn into one large advertisem*nt where all I’m doing is pushing products onto my readers. I want a healthy balance.

Would one review each week be too much? What would you like to see?

Business and Extra Income in August($14,156, after most expenses)

Staff writing – $965
Managing websites and social media for clients – $6,498
Website-Related (From all 6 of thewebsites I own –) – $6,240
Affiliate Income – $415
Selling Items From Our Home – $38 (I sold some clothes!)
Miscellaneous (not related to blogging and online income) – $0
Mystery Shopping– $0
Rent – $0. We no longer rent a room in our house and won’t be adding roommates.

One question I am asked nearly every time I publish my monthly income report is whether or not I can further break down myincome. I have never fully broken everything down line by line, and I do thismainly to protect myself and those I provide services to.

I know some of you are waiting for me to break it apart down to the very exact amount from the very exact source, but I do like to keep it private for now because I do need to protect the income that I am making since this is my livelihood.

Also, most of the bloggers who completely break apart their income have most of their income coming from affiliate links, whileI do not.Keep in mind that a majority of my income comes from private clients.

Anyway, Website related incomeincludes all of my websites I own. So, if I provide social media management or blog management for someone, that amount gets put into the“Managing websites and social media for clients” income instead and not in the “Website related income” category.

Also, please keep in mind that I work for myself. This means that I have to cover all taxes (which are around 30%), health insurance, and all other benefits that an employer would normally provide.

Comparisons and 2014 Business Income total (after expenses, but before taxes)

Total extra income for August: $14,156
Income inJuly: $14,937
Difference: -781
Total in 2014: $106,314