Every month, I publish a report of the business & investment income I received during the previous month. I publish these reports to show you what you can expect with an online business & unconventional investments, and I also publish them to keep the motivation to work hard & to grow this number month after month.
In every report, you will find out the details about all the business income I received during the month, all the business expenses, and also all the income I received from investments during the month.
What Happened in February
February was crazy busy - so busy that I actually didn't have the time to post an income report last month! In February, I first worked on releasing my first ever course about investing - called the Passive Income Investing Blueprint. I am really proud of having launched this course, as many of you were asking about my investment strategy & I wanted to release this course for a long time. Of course, it's not too late to join the course :)
I also finally launched the Beta version of PureApps, which is the collection of applications that I use now for all aspects of my online businesses. PureApps is a completely free and open-source project, but many of you were asking for a hosted version that can be used without having to deploy your own server. I listened, and I am now accepting the first users into the service. It's now available by invitation only, so if you want to try it, let me know!
I also started a brand new authority website this month, called SlowCookr. This site will be all about slow-cooking recipes & reviews of slow cookers. It was really exciting to build, as I hired a chef to make most of the articles :) I actually now developed a whole process to build authority websites, and I am writing down & documenting the exact steps to build those sites. This is also the first time that I am recording myself building the website step-by-step, and I'll actually be releasing a new video course about building authority websites in a near future!
On the investing side, I invested in two new real estate crowdfunding deals near Liverpool, UK, and I'll report soon about that.
Below is all the income I received from my online business during the past month:
- Amazon Kindle eBooks: 298 €
- eBooks & video courses: 3702 €
- Books royalties: 590 €
Gross business income in February 2017: 4590 € (+10%)
Below is all the business related expenses I had during the past month:
- Team expenses on UpWork: 130 €
- Hosting: 54 €
- Facebook Ads: 296 €
Business expenses in February 2017: 324 € (+30%)
Net business income in February 2017: 4266 € (+10%)
Below is all the income I received from investments during the past month. For some investments, this is the expected monthly revenue as some investments only pay once a quarter or once a year:
- Dividend growth stocks: 430 €
- Peer-to-Peer lending: 510 €
- Real estate: 155 €
- Amazon affiliate websites: 1749 €
Investment income in February 2017: 2872 € (+3%)
Comment About the Report
Let’s now make the total and add my business & investment revenues:
Total income for February 2017: 7138 € (+5%)
I had a good month in February, even if I mostly spent time working on improving the apps that are now running all my online business rather than launching new products. The advertising on Facebook is continuing to bring me a lot of new leads, and I am now able to get leads for very low costs.
I am also very excited about March as there are great things planned. First, I'll be attending the Traffic & Conversion conference in San Diego next week. By the way, if you want to use this opportunity to meetup in the San Diego area, let me know! I also want to launch my first ever eCommerce website this month, and I am currently actively modifying PureCart, my open-source shopping cart software, to work with selling physical products. I'll of course keep you updated about everything!