It’s time for the monthly income report.
Each month “The Wife” crunches the numbers on our earnings while I, “The Husband”, puts together a recap of what happened in our online business. A dangerous combo!
As a reminder, this is why we do the income reports:
- Accountability. These will allow us to finally keep track of our total online revenue – something that I’ve been horrible at but seeing improvement. You can go here for all of our previous blog income reports.
- Progress. Now that we have it documented, we’ll be be able to chart our progress as our income increases. (thankfully it has)
- Truth. To show people that you really can make money online and in a non-scammy way.
- Transparency: We want others to see how we do it so that others can do it, too.
What went down in March
Another month, more amazing stuff going on in the Rose household. Where to begin?
Last month, I found myself rocking the mic for my first ever paid keynote talk. Sure, I’ve presented at a few conferences before, but I never had the lucent title as keynote speaker and got paid to do it.
Shortly after that talk, I flew out to San Diego to represent Wisebread.com and got paid twice as much as I did for my keynote.
Speaking is something that I absolutely love, although I have to admit, I am crazy freaking nervous prior to getting on stage. Once I’m on the stage and the adrenaline starts to kick in, I have a blast.
I have another paid talk coming up in May that will be my third paid speaking gig of the year.
House Of Rose Gets a Facelift
If you follow Mandy’s blog you’ll notice that she has a tendency to redecorate our house often. I think she’s now applying that to her blog design now, too.
House of Rose just got a major facelift which features an amazing feature box. Note: I know husbands aren’t supposed to do this, but I told her that she needed a feature box on her last redesign. She didn’t agree with me then, but look what she has now.
In addition to the feature box, she created her first lead magnet PDF guide titled The Imperfect Perfect You.
Collecting email addresses is something that I feel every blogger should do. Not collecting email addresses is the biggest mistake I made for the first two years of blogging.
Does the feature box really work?
When I added the new feature box to my blog and offered my lead magnet, The Money Dominating Toolkit, my email subs jumped fairly significantly.
I thought mine did pretty good until I peaked at her email subscriber numbers after adding the feature box:
It’s leveled out some since I took this screenshot but she’s still consistently getting 20+ email subscribers per day.
That is what I call a feature box success!
Here’s a look at the numbers March….
Good Financial Cents
- Adsense: $1,260.81
- Adspeed: $1,607.94
- Commission Junction: $1,391.50
- Link Offers: $115.00
- Media Net: $600.00
- Personal Capital: $500.00
- Linkshare (Scottrade): $1,575.00
- Podcast Sponsor (90 Day): 2,333.33
- YNAB: $6.00
- Total: $9,389.58
Dollars and Roses
- GoDaddy: $0
- AWeber: $21.90
- ShareASale (Thesis Theme and Genesis Theme): $0
- Blogging Your Passion: $37.00
- Total: $58.90
Other Niche Sites
- Adsense: $128.28
- Media Net: $83.90
- Main Niche Site Revenue: $14,246.98
- Direct Advertising: $93.75
- Total: $14,552.91
House of Rose Blog
- BlogHer Ads: $339.47
- Direct Advertising: $100.00
- Adsense: $114.95
- Lijit Media: $67.15
- BlueHost: $930.00
- Capital One: $270.00
- Total: $1,821.57
- Equifax: $200.00
- Other: $150.00
- Total: $350.00
- Consulting Fees: $400.00
- Total: $400.00
- Speaking Fees: $3,000.00
- Total: $3,000.00
Total Revenue for March: $29,572.96
Revenue Last Month: $18,553.10
- Difference: +11,019.86
- March 2013: $20,204.01
New High – We’ll Take It
Wow. Didn’t see that coming.
After adding everything up and I had to add it up a second (and a third time) to make sure I didn’t enter in a wrong number.
Do to my speaker fees, a nice month from our main niche site, and my podcast sponsor on the GF¢ podcast, we passed our previous record from our December 2013 income report.
We’re always thankful for every opportunity that God provides for us and we’re humbled that our online business continues to thrive. It’s also important to remember that we’ve been blogging for almost 6 years and most of our income growth has happened in the past 3 years.
Hard work does pay off. If you truly love something and believe in yourself, good things will happen.
Time for consulting: Can I pick your brain?
You may have noticed that a new revenue stream has been added to the income report under “consulting fees”. Here’s how that came about….
One of the questions that I absolutely despise getting from anyone is the following – “Hey Jeff, do you have some time that I could pick your brain?”
Why do I hate it so much? Because in my experience, a lot of people who want to pick my brain will never do anything with the information.
A couple years after I started my blog, I got several calls from financial advisors all over the country wanting to know how I did what I did. Since I loved blogging, I was happy to jump on a call with them and talk for up to an hour letting them know what they would need to replicate what I’ve done.
After several calls like this, I realized that almost none of these advisors took any action with the information I had given them. I quickly realized that these “brain pickers” were becoming “time suckers”.
Since my day is even more busier than when I first started blogging with my growing financial planning practice, producing content for all of our blogs, making sure I reserve enough time for the family, I have to protect my time. Because of that, I started to charge for consulting. I talk about this on our post where I show you how to set up a canned G-mail response.
For anyone that wants to “pick my brain”, I just send them the canned response that let’s them know my rates. I initially tested my rate at $100 and people didn’t balk. I’ve since raised my rate to $200 per hour and I’ve one person pay and another one interested.
I’m not interested in being a full-time consultant, but it is nice people respecting my time and willing to pay for my expertise.
It’s also a reminder that if you have experience in something, anything, people will pay for that knowledge. In fact, my online products created nowadays are based on just that.
If you’re not sure if you should be charging for your time, check out this short read my Jon Acuff here.
What’s Next For Us?
Right now we’re in the beginning stages of creating a course together. It won’t be geared towards blogging but rather more towards marriage and finance.
This is an idea that I’ve had for quite some time now and I’m excited that we’re finally at a point that we invest time into it.