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Monthly Income Report - October 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.

Let's start with what happened in October. The main event was the launch of SiteEngine, my all-in-one online business platform that I've been developing over the past months. Working on this app has been so exciting, as it allows people to create a complete online business with content creation, email marketing, eCommerce ... all within the same app. So I really couldn't wait to launch the app and make it available for everyone.

I had about 10 people sign up for a free trial (mainly people from my audience - so if that's you thank you so much for that!). I also started recording tutorial videos so you can see exactly how the app looks like and what you can do with it. I am really excited to see how this project will evolve, and you can of course still join by signing up for a free trial, even if you just want to check out the app for example.

I also started to ramp up my Facebook ads, that I am now running daily in my largest profitable website, Open Home Automation. I am experimenting with different kind of funnels (which I can easily do within SiteEngine), and I can't wait to actually report during this month my experiments with funnels & Facebook ads. I already managed to generate very cheap (less than 50 cents) leads for the site, so I can't wait to ramp that up and really generate more traffic & earnings from my profitable websites by using ads & funnels.

On the investing side, I continued to stop investing on the Peer-to-Peer lending platforms that were not delivering the expected yield, and I focused my investment on Mintos as they allow investors to diversify in more and more countries across the world. I also continued to invest on the Housers platforms, mainly investing in properties (including a hotel!) in Spain & Italy.

Business Income

eCommerce Store
222.01€
-367.02€
-62.31%
Products Sales (eBooks, video courses)
222.01€
-367.02€
-62.31%
Snorkeling Vacation Guide
503.00€
-229.00€
-31.28%
Amazon Affiliate Earnings
503.00€
-229.00€
-31.28%
Open Home Automation
1534.96€
-297.97€
-16.26%
Products Sales (eBooks, video courses)
68.96€
+23.04€
+50.17%
Udemy
576.00€
+80.00€
+16.13%
Kindle Books
514.00€
-777.01€
-60.19%
Affiliate Earnings
376.00€
+376.00€
0%
aREST
145.95€
+55.95€
+62.17%
Products Sales (eBooks, video courses)
145.95€
+55.95€
+62.17%
Marco Schwartz
148.00€
-236.00€
-61.46%
Affiliate Earnings
148.00€
-236.00€
-61.46%
Hair Styler Mag
1463.00€
+111.00€
+8.21%
Amazon Affiliate Earnings
1463.00€
+111.00€
+8.21%
Facebook Ads
81€
+81.00€
+0.00%
Digital Ocean Hosting
58.00€
-47.00€
-44.76%
UpWork
96.00€
+3.00€
+3.23%
Amazon S3
33.00€
-36.00€
-52.17%
Fiverr
43.00€
+43.00€
+0%

Investment Income

Dividend Growth Investing
346.29€
-54.62€
-13.62%
Real Estate Crowdfunding
174.28€
+6.41€
+3.82%
Peer-to-Peer Lending
572.50€
+9.82€
+1.75%

Overall, a quite similar month as September, with a slightly lower income, especially due to the focus on the SiteEngine launch and therefore the lack of focus on product sales. I plan to change that in November, as I am now able to fully use the power of SiteEngine to make really interesting things with my websites.

I am actually really happy with the sales on Udemy that are growing and growing - I basically just took a day to put my cheapest video courses on the platform (as most courses there sell for $10-$15), and it is working really well. I think I'll be really soon on my way to $1k per month on the platform, with no extra work needed :)

In November, the first thing I plan to focus on is building profitable sales funnels within SiteEngine to sell my video courses in a more predictable way using Facebook ads. I believe this is the best way forward to scale my websites that are selling digital products, so this will occupy me for a large part of the month and I'll report about it next month. I also plan to shoot videos and to make several blog posts about the whole process once I'll have a good profitable funnel to show.

I will also work on marketing SiteEngine, especially by creating content that shows what the app can do, and drive traffic to the site this way. Most probably I'll also be using Facebook ads to drive traffic & generate signups for the application. On the same topic, I'll also use the feedback from the first users to improve the app and add more features.

Finally, I will also (finally!) launch in November my video course about building authority websites, so you can replicate my process that allowed me to build all my profitable websites that are currently in my portfolio.

Overall, a very exciting month of November to come, and I can't wait to do all of that & report about it here!

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