In my previous income report I told you how my first 2 months of the year had gone by without having a clear strategy. It took me a whole extra month to get back on track.

I needed to find some time, sit down alone and plan the whole year. And that has made a big difference.

Of course, I’m aware that my priorities / projects / plans can change along the way, but at least I know where to aim.

So this are the numbers for march 2017:

Income

Freelance Income: 3758,15€ ($4006)

Own Product sales: $181,86

Affiliate Sales: 

• JVZoo: $43,98
• Adsense: $66,08
• Amazon: $175,03
• Other Affiliate Programs: $161,47

Total: $4634,42

Expenses

Autoresponder (ActiveCampaign): $70

Outsourcing (from Upwork): $258,92

Viral Site Project Expenses: $343,80

Total: $672,72

Net Profit

$4634,42- $672,72 = $3961,70

 

Since my goal this year is to make $200.000 in profit, that breaks down to $16,666/mo.

How much I should have made: $16,666

How Much I made: $3961,70

Difference: -$12704,30

 

I am still not on track for my yearly goal. There is still time, however, 1/4 of the year is already gone, so I need to make good use of the other three remaining quarters.

The good thing is on the physical side, I have been doing way more exercise than before, which has made me more productive.

 

So, goals for april:

• Keep exercising daily
• Be in bed by 11
• Test Facebook ads
• Prioritize (this is a biggie)

This is my very first income report, so I’m not sure how I should structure it.

Following the Ready, Fire, Aim, I’ll do a version 1 and will improve in the near future.

January and February have been a bit hectic for me, and pretty much out of focus. It’s taken me 2 months to be able to pause, reflect and do some introspection.

So here are the numbers:

Income

Freelance Income: 6273€ ($6618)

Own Product sales: $851,07

Affiliate Sales: 

• JVZoo: $464,61
• Adsense: $139,53
• Amazon: $686,74
• Other Affiliate Programs: $418,06

Total: $9178,01

Expenses

Bing Ads: $327,58

Autoresponder (ActiveCampaign): $70

Outsourcing (from Upwork): $453,11

Total: $850,69

Net Profit

$9178,01 – $850,69 = $8327,32

 

Since my goal this year is to make $200.000 in profit, that breaks down to $16,666/mo.

How much I should have made: $33.333

How Much I made: $8327.32

Difference: $25.006

 

As you can see, I’m way behind. As I said in the beginning, I haven’t been focused at all, so now it’s time to really focus on what matters.

Also, you can notice that most of my income came from freelance work, which is the completely opposite of what I’m after. Freelance work means work once, get paid once, as opposed to for example selling my own product (work once, sell multiple times), so I need to work hard on flipping that.

To work on improving focus and efficiency, one of the big changes I’m making is incorporating exercise to my daily routine.

Here’s what I’m doing at the moment (just started with most of them, to be honest):

• Walk in the early morning
• Monday: padel lessons
• Tuesday: yoga lessons
• 3 days/week gym
• 3 days/week: running

What does exercise have to do with income? A lot, according to Richard Branson and others…

So, goals for march:

• Be consistent with my exercise routine
• Be in bed by 11
• Read 1 book a week
• Take some time to work on a proper schedule/planning for the rest of the year, and adhere to my schedule
• Prioritize Online Marketing over Freelance work