Hello and welcome to the February 2016 online income report.
I am happy to say that February has been my happiest month so far. Of course, spending two weeks in Disneyworld helped! I honestly thought I would find myself working whilst on holiday, but thanks to Tony forgetting to pack my laptop charger, I didn't work and it was wonderful! I came back and despite there being one more week of the month left, I struggled to get back into the zone. I started embracing relaxation – something I haven't made much time for in the past and I made no rush to get back to work. I am still feeling in that chill out zone now and it is wonderful. This is my long winded way of saying that this is the month I have worked the least. I have managed to keep up to date with my freelance clients but a lot of my income from February was passive income, which is great!
I really didn't know what to expect from February's income and I had a very chilled out attitude to it. In the past I have worried myself sick about earning enough money. We have worked hard to build up a decent savings pot, so I took things a lot more relaxed than I usually do!
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 am 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.
Matched Betting – £393.33
Being away for two weeks meant that not only did I miss out on matched betting opportunities, but I also missed all the free bets that I was sent for my birthday! I think that my earnings for February accurately reflect the time that I have managed to put in, and whilst it is my lowest matched betting monthly earnings to date, I was away for half of the money! My matched betting earnings now stand at over £8,000 since July 2015 – completely tax free and risk free. There have been a few changes to some of my favourite offers, which might dent my matched betting earnings moving forward, but as I continue to grow other areas (such as my passive income), I'm not too concerned if matched betting takes a knock.
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
- Month 2 earnings
- Month 3 earnings (including a Q&A)
- October 2015 earnings (including matched betting)
- November 2015 earnings (including matched betting)
- December 2015 earnings (including matched betting)
- January 2016 earnings (including matched betting)
Remember that month 3 also overlaps into October – from now on I will be reporting the matched betting income per calendar month.
Affiliate earnings – £1,155.99
Last month I mentioned that I wanted to smash £1,000 in affiliate earnings by the middle of the year, and I've only gone and done it already! As I mentioned, I haven't been around much in February or working a lot, so this amount is thanks to some great evergreen content and ongoing subscriptions. My blog post and video about making your own website has gained some traction and resulted in a few sales too, which made all the hard work worth it!
In October this amount was just £581.59, so to see it grow before my eyes is wonderful. I have almost doubled my affiliate income in 5 months! I am glad to see that things have picked up since December's low affiliate income. I definitely need to think of some strategies for earning more money from affiliates in December.
I am often asked which company I affiliate for, and the answer is a few! I share deals on my social media pages and I also share some great websites where you can earn money or save money. They all work together to bring in some affiliate income – this month there has been as little as £1 from one program and over £1,120 from another.
Website earnings – £315.66
Between us we currently have five websites, all earning us an income from various sources. These earnings are for non-affiliate earnings – so sponsored posts and advertising (through Google's Adsense). I am really pleased to see this number up from January's income report and I hope to see this continue to grow. In order to increase these earnings I need to look at accepting more sponsored content and increasing the traffic to help with Adsense earnings.
I mentioned last month that we are keen to start a new website to earn a passive income from, and we have made the first few steps to getting this website live. With so much going on it is going to be a slow burner for now and we are in no rush to finish it – obviously the sooner the better, but we have to prioritise other things.
Online surveys – £38.55
In February I hardly completed any online surveys, which is why my earnings are down from previous month. 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.
Everything else – £819.50
With my affiliate earnings growing, I didn't feel the need to pursue much other work throughout February. I kept up with my existing freelance clients but I didn't seek out any extra work or take on any new clients.
My other earnings consist of
- Rent profit
- My book sales
- Smart phone apps
- Tengi cash prize
- Website testing with WhatUsersDo
- Withdrawing loyalty points from Lucky Phone
Subtotal before expenses £2,723.03
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 – £202.60
After a very expensive January, I am pleased that February's expenses have slowed down!
- 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.
Total for February 2016 (after expenses) – £2,520.43
5 popular posts in February
I have seen other bloggers include their most popular posts from the previous month, so I am excited to share mine with you. These are a mixture of posts that were published in February as well as previous posts that have been popular throughout the month.
- 10 Weird Things That Sold on eBay in February 2016
- Earn money from your receipts
- 5 reasons we aren't in a rush to buy a house
- Is staying in a Disney resort good value for money?
I really can't believe it! I had wanted to earn £2,500 but I knew it was probably unrealistic with being away for two weeks, but we smashed it. We might have only just made over £2,500, but we did it! I am most thrilled about the passive income increase. In January it was £1,339.87 but this increased to £1,652.47. This alone is just more than I was bringing home from my full time job. 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.
Overall I am so much happier than when I was going to work full time. Not having to answer to anyone else is a great feeling and being able to plan my day around how I feel and what I want to do is my definition of both living the dream and success.
My plans for the next month and beyond
I have so many exciting plans for the coming months and I can't wait to share them with you! One 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. I am hoping that Elite Blog Academy is the tool that will refocus me and help me to reach my monthly targets.
As a reminder, here are my financial goals for the rest of 2016. In March I need to increase my income by £250.
- March – £2,750
- April – £3,000
- May – £3,250
- June – £3,500
- July – £3,750
- August – £4,000
- September – £4,250
- October – £4,500
- November £4,750
- December £5,000
Other income reports
I love reading online income reports so I thought I would share some of my favouites with you.
Michelle from Making Sense of Cents earned a whopping $49,607 in February. There are some other wonderful bloggers who publish their income including Nicola from The Frugal Cottage and Corinne from Skinned Car Tree – I can't wait to see how February was for them!
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.