So here we are again, easing our way through the online business world, trying to create some lovely things that pay the bills and allow for a peaceful life - at least, that’s what I’m trying to do!
But first, here’s what’s coming up in the Clubhouse this month…
So, how much money did I make in February?
Did I improve on January (I needed to!)?
Will I make it through Quarter One with enough money in my pocket to pay my bills and live a good life (by my standards, at least)?
The video answers all these questions, so I hope you enjoy it and find something relatable in it🙂
I’m feeling so positive about my online businesses at the moment, despite the fact that my income has dipped.
I think it’s because I can, mostly, explain the dip and also I know I have things up my sleeve that will lead to growth further down the line. I just need to be patient and use my time wisely.
All I need is for everything I do to move up one level.
I do not need giant leaps or hockey stick growth or anything like that, just a 20%ish increase in each area, to secure a more comfortable life.
I’ve made some plans and I’m taking action - all I need to do is get everything over the finish line by the end of the year.
I know I can do this if I keep chipping away at the projects.
If you’re a new member then check out this information about the income report - then dive straight in!
Income Streams
Vintage Shop (reselling)
Youtube
Adsense
Affiliates
Amazon KDP
Redbubble and Society 6 (Print on Demand)
Substack (membership)
Coursework moderation for exam board
I will be sharing the amounts that were paid into my business account during the calendar month, rather than what was earned. I often earn money in a month that doesn’t pay out for a further month or two. Mixing the two together could get confusing so I will stick to the above for consistency and because that’s how my bookkeeping is done.
Amounts will be given in GBP (as a rule of thumb USD and the EURO is a third higher, Canadian and Australian dollars are ROUGHLY double GBP).
Please use an online currency converter for a more precise figure if needed.
What I’m showing you now is essentially my bookkeeping. In the UK you can use cash-basis accounting where all you have to do is input what comes in and what goes out and all your taxes etc. are calculated for you. There’s a wee bit more to it than that, but honestly not much.
The screenshot in the video (from my ever-evolving spreadsheet) shows the numbers mostly in the way they will be used for my tax return.
I can’t believe Q1 is over already, I’ve been making progress at a snail’s pace so far this year, but I am here and so are you - so well done to us, right?!!
See you again soon for some monthly goal-setting and an evaluation of last month/quarter.
Mel
