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Monthly Income Report - May 2017

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 May

In May, I spent most of the time improving my existing businesses, and also worked on automating parts of my business to save me time in the future. One of the first example that you will see immediately is this income report, that is now 100% generated automatically by our backend. Before that, I was pulling the data manually from my different sites & from my investment accounts. This will save me 4-5 hours every month, and also guarantee a much better experience for you reading those reports as they are now much more detailed & transparent than before. As it's the first month I am using this new feature, there might be some strange values in the variation columns, but it should all return to normal for the next income report.

We also implemented a detailed content calendar in the app we use to manage all the tasks in the business. This will definitely help me to be more regular in creating & publishing blog posts, podcasts & videos, not only for my personal website but also for all the websites I am currently managing. And yes, I will be releasing this app later this year so everyone can use it!

I spent a lot of time during this month working on Open Home Automation, which is still the niche website that is having the most traffic & also generating the most revenue. I spent time refreshing some parts of the site as well as most of my sales funnels, to raise the traffic going to the site & also conversions.

I also did some work on Hair Styler Mag, the website that I purchased recently. I will of course report about this purchase in a separate article in the future.

Business Income

Open Home Automation
487.15€
-427.97€
-46.77%
Products Sales (eBooks, video courses)
487.15€
-427.97€
-46.77%
aREST
421.49€
+109.63€
+35.15%
Products Sales (eBooks, video courses)
421.49€
+109.63€
+35.15%
Marco Schwartz
171.72€
+87.86€
+104.77%
Products Sales (eBooks, video courses)
171.72€
+87.86€
+104.77%
Facebook Ads
64.58€
-404.21€
-86.22%

Investment Income

Dividend Growth Investing
426.41€
+2.06€
+0.49%
Real Estate Crowdfunding
179.25€
+15.75€
+9.63%
Peer-to-Peer Lending
559.83€
+40.00€
+7.70%

Again, I need to mention that the comparison to the past month is not exact, as this is the first month that I am using the automated generation of the report. However, all should be back to normal next month :)

In the coming month, I will continue implementing new processes & systems across my business, in order to scale it in the future. I am also still experimenting with Facebook ads to boost the sales of some of my online businesses, and I'll report on that when I have results. On the investing side, I plan to diversify my investments in Spain & Italy via the Housers platform, and of course publish investment reports when that will be done!

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