Here we are again at my favourite time of the month – income report time. I thought that March was a great month, but move over March, April was totally kick ass for a whole host of reasons. May is already starting to look pretty awesome too. The few days of sunshine we have had have definitely made a positive impact on my mentality, as well as surrounding myself with wonderful people. I have found myself in some sort of mastermind group with Hollie and Nat and I can't believe how much we can bounce ideas off each other and motivate each other – whether it is to go and put some washing on the line or to make some serious cash. I love surrounding myself with like minded people and it has made a huge difference. As has watching and reading The Secret, about the law of attraction and how to make this have a positive impact on your life.
In April I redesigned From Aldi To Harrods and I am still completely in love with the new look. I chose the Brunch Pro theme from Studiopress and it is everything I want, and more. I also took to deleting over 164 posts, with relevant redirections in place – after all, no one is interested in free eBay listing weekends from 2013! This whole process took ages to complete but I began to see the effects immediately. My traffic increased by 30% before the spike from the Mail Online article.
Another massive thing that happened in April is that we announced our money making bootcamp. It is completely free and run online over 6 week, so if you are looking for somewhere to start then I highly recommend that you register. It kicks off in June and we aim to have it completed before the summer holidays start.
I won't keep you waiting any longer – let's get stuck in!
Why I publish our income
Publishing our income holds us accountable to you, my readers. We want to achieve, we want to earn and quite frankly, we want you to congratulate us! We are able to look back at previous months when we need some more motivation or ideas to continue. Most importantly, we want to tell you how you can be making money! You might just want to make enough to cover your holiday spending money or you might want to quit your job all together. Whatever your financial needs are, you can earn extra.
Previous income reports
If you would like to see any of my previous income reports then you click here to see them all.
Affiliate earnings – £2,182.35
I am thrilled to see my affiliate earnings have increased by a massive £825.50 from March's earnings. In October the amount I earned from affiliates was just £581.59, so to see it grow before my eyes is wonderful. I have been developing a few strategies here in regards to my affiliate earnings, and the biggest thing I have been trying here is to diversify my affiliate income – and it seems to be paying off. Previous posts I have written are gaining traction thanks to SEO work and converting into sales, as well as new affiliates coming on board in April.
In March I published my guide to getting started with affiliate marketing which is a great resource for monetising your blog and it has been well received. It covers three big affiliate programs including Affiliate Window, Amazon Associates and Skimlinks. If you are interested in making your own website so that you can start making an affiliate income then I have a great video guide to get you started.
Matched Betting – £622.36
I am often asked “if matched betting is so good, why isn't everyone doing it?”, and it is a really valid question which I addressed earlier this month. In April I had very little time for matched betting thanks to a whole lot of other work coming my way, so my earnings here are a little lower than March, but this is still a fantastic tax free amount to boost my income by. This is money I have earned from my own matched betting accounts – my husband does matched bet but we don't include his matched betting earnings in our income reports.
If you are still on the fence about matched betting then why not consider giving matched betting a free trial? You can make anything from £40 – £60 and see if it is for you – you have nothing to lose.
You can see all my previous matched betting income reports:
- Month 1 earnings – £1,430
- Month 2 earnings – £1,619
- Month 3 earnings (including a Q&A) – £849
- October 2015 earnings – £1,105
- November 2015 earnings– £915
- December 2015 earnings – £1,347
- January 2016 earnings – £777
- February 2016 earnings – £393 (on holiday for 2 weeks)
- March 2016 earnings – £701.64
Remember that month 3 also overlaps into October – from now on I will be reporting the matched betting income per calendar month.
I am so close to hitting the £10,000 club earned since July 2015, all tax free and risk free. WHOO.
Website earnings – £437.47
My website earnings, which cover advertising and sponsored posts, are down this month due to accepting fewer sponsored posts or guest posts and me increasing my prices. Although I have had fewer opportunities, they have been higher paid and more relevant to my blog and my readers. For the first time ever I have managed to hit the Google Adsense payout in just one month and I would really love to keep that up.
We currently have six websites between us, and plans to launch another two this month, time permitting. We are really keen to continue to diversify our income and not rely too heavily on one website for an income. The plan here is to keep growing traffic and looking at extra revenue streams for the existing websites.
Gift cards – £100
We don't earn gift cards every month, and I also don't count them in our earnings total, but seeing as April was a good gift card month I thought I would share. These were all paid out in Amazon gift cards, from Receipt Hog, Instagc, Buzzoole and Gift Hunter Club. I prefer to earn cold, hard cash but there is something nice about seeing my Amazon balance increase every month – especially seeing it increase for Christmas.
Online surveys – £75.22
My survey income seemed to remain solidly around the £40 mark, but it took a massive jump in April thanks to a few high paying studies. Now that I am making a decent amount of money from matched betting and affiliate earnings, I don't really want to sit completing online surveys for a few pence. However, I really enjoy the surveys on Prolific Academic and MintVine, so I keep doing those whilst watching tv and I have also started completing more surveys for OnePoll. I view surveys as a way to unwind and get away from anything too heavy for a few minutes and the income is now just an added bonus.
Everything else – £656.74
With my affiliate earnings growing, I didn't feel the need to pursue much other work throughout April. These earnings are down, but again, I am happy with this.
My other earnings consist of
Subtotal before expenses £3,974.14
Remember that this amount doesn't include tax, national insurance contributions, holiday pay and sick pay – for which we are putting aside 20-30% of our monthly income (excluding matched betting earnings as they are tax free).
Expenses – £394.80
April's expenses are down a little on March's, however I have taken on two new staff members in May and I am planning on trying out a Virtual Assistant, so my expenses are set to increase next month. My current expenses make up of:
- Paypal fees (when I have received payment)
- Landlord costs (mortgage, nothing else this month)
- Board Booster – I have been using the free Board Booster program for a few months now to help me manage my Pinterest account, but I have now upgraded to a paid account which has really helped to increase my Pinterest referral traffic.
- Staffing costs. That's right, I have my first member of staff. It is a very small, commission based role.
- Postage for competition prizes and eBay sales
- Travel to London for an event
Total for April 2016 (after expenses) – £3,579.34
5 new posts in April
Here are some of the top new posts from April 2016:
- Make money from your social media accounts
- Free Disney Dining for 2017
- Increase your passive income with Ratesetter
- If matched betting is so good, why isn't everyone doing it?
- How I purchased my first property at 18
Another great month, and I am incredibly fortunate to be in this position. Of course there are always going to be people who can only see the negative in what I do, whether it be to sell my smelly shoes on eBay or promote matched betting. However this is my life and I am living it how I choose to live it. I am incredibly pleased with how things are going but I am always self evaluating and hoping to improve. I do truly make money, save money and live the life I want!
Reading The Secret has really made a positive impact on my mentality in April. I have managed to change my thinking and become more positive overall – not to mention, I have been able to increase my earnings!
In April my passive income was a massive, massive £2,782.86 – almost a whopping £1,000 more than March's £1,873.29. You really cannot wipe the smile off my face. That is money made whilst we were sleeping, at the cinema or out shopping. I am absolutely blown away by this amount and so grateful for it. The passive income comes from my book sales, affiliate marketing and my rental property. Taking the time to grow our passive income in the winter months means that I am really looking forward to having more time off in summer – time to go to the beach, go on day trips and just enjoy being outside. As a result of my passive income increasing I have started to introduce more posts about passive income and how you can grow your own.
My plans for the next month and beyond
I have so many exciting plans for the coming months but the biggest one is to get outside and enjoy the sunshine more! Now that our passive income is an incredible amount, I need to stop putting off joining the gym and getting outside more.
Next month we will be running the Money Making Bootcamp which is our biggest priority at the moment. There is a small chance that we might be moving house in this time too (eep!) so if we have to cut back on our goals then the minimum we want to achieve it:
- Complete the training courses for Money Making Bootcamp
- Earn £3,500
- Launch two new websites
If time allows, one additional thing that I am making a priority is the Elite Blog Academy. I believe that if I really want to be hitting £5,000 from online income by December then I really need to step up my game. After lots of research I believe that the Elite Blog Academy is the way forward. It wasn't cheap, costing $499 (around £350) but I decided to invest in myself and my business. One thing that I really struggle with is where to throw my attention and how to implement everything I want to…I get so overwhelmed by it all that I end up doing nothing. So far I have completed a few assignments, including a website redesign that has already more than paid for the course – you can see this reflected in my affiliate earnings.
My goal is always to bring in more income – by December 2016 I want to be making £5,000 a month, which I have broken down in to monthly targets. Trying to find an extra £250 a month is a much easier challenge than trying to make £5,000 in a month from where I currently am! I have already hit my earning target for June, which allows me to slow down a little in May and still aim for £3,500
As a reminder, here are my financial goals for the rest of 2016. In April I need to increase my income goal by £250.
- May – £3,250
- June – £3,500
- July – £3,750
- August – £4,000
- September – £4,250
- October – £4,500
- November £4,750
- December £5,000
Do you like this income report? Would you like to see more of them in the future? Let us know your thoughts in the comments – we would love to hear from you.