Here we are again at my favourite time of the month – income report time. March has been a really, really great month for a number of reasons. I have finally found an effective and efficient way to manage my time which has made a big difference to my productivity. It has meant that I have enjoyed more time away from working because I am working smarter and not harder. Of course I am still hustling away but I am not getting distracted as easily. Reading back over my previous income reports I noticed that I mentioned I had been feeling unwell a lot. In March I finally got a diagnosis but together with medication and a lifestyle haul I am starting to feel better. Adjusting to the medication has been hard (losing up to 4 hours a day to nausea isn't fun!) but I am getting there.
March has also been a really fun month. I headed to London with Lisa to taste Easter Eggs with Quidco which is pretty much living the dream and I also reorganised my office which has helped with the productivity. I love the new arrangement a lot!
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.
Matched Betting – £701.64
I was expecting a lot from matched betting in March thanks to Cheltenham Festival. The festival saw me earn £550 over just 4 days so afterwards I was wary of taking up too many offers from bookies in case they saw me as milking them for offers. I took things a lot slower but I am still thrilled with money I earned. 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. My matched betting earnings now stand at over £9,000 since July 2015 – completely tax free and risk free.
And yet another happy matched better! It really is great to see others hitting their earning targets with matched betting. 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)
- February 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 – £1,340.99
I am thrilled to see my affiliate earnings have increased by just under £200 in March! In October the amount I earned from affiliates was just £581.59, so to see it grow before my eyes is wonderful. I have doubled my affiliate income in 6 months and I wonder if it can be replicated over the next 6 months! 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.
I have been working hard to bring in two more affiliate programs and in April I should start to see some earnings coming in from these.
Website earnings – £686.80
Between us we currently have six 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 February's income report. I made an effort to grow my traffic which helped with the Adsense earnings, and I took on some higher paid sponsored posts. I am also increasing my sponsored post fees from April as a trial. In March I also purchased another domain name in an attempt to diversify our income. Relying heavily on one income source doesn't sit too well with me, so we are both working hard on our other websites to see them grow.
The plan here is to keep growing traffic and looking at extra revenue streams for the existing websites.
Online surveys – £41.64
My survey income seems to remain solidly around the £40 mark. 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 – £848.39
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
- Mystery shopping
- Smart phone apps
- Tengi cash prize
- Website testing with WhatUsersDo
Subtotal before expenses £3,619.46
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 – £424.64
March has been another expensive month with domain and hosting renewal with GoDaddy, travelling to London for the Quidco Easter Egg event and other related costs.
- 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.
- Website hosting renewal and domain renewal
- Postage for competition prizes and eBay sales
- Travel to London
Total for March 2016 (after expenses) – £3,194.82
5 popular posts in March
Here are some of the top posts from March 2016 – a combination of new posts and older posts that are continuing to perform well.
- My guide to getting started with affiliate marketing
- 10 Weird Things That Sold on eBay in March 2016
- Earn £50 with this simple mystery shop
- How to make £1,000 extra every month
- What to buy at bootsales to sell on eBay
I found myself texting my friend the other day and saying “I can't believe this is my life now” and it is really true. 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!
In March my passive income was a massive £1,873.29, an increase from February's £1,652.47. 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 am going to start a whole section on passive income with weekly blog posts on the topic!
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. I am slowly working my way through the assignments, making changes and learning things as I go.
I have roped in friends, family and even some of my lovely readers to help answer a few questions about the design of From Aldi To Harrods. From all the answers I have received, as well as three test videos from Peek (which I can strongly recommend! You can request three tests a month for free where someone will visit your website and answer some questions about the usability including what they like and what they don't like) I have decided on some design changes including a new StudioPress theme. These will all be implemented throughout April to help to bring a more streamlined experience to my readers.
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! To increase my income in April I plan on:
- Offering more freelance services
- Doing a car boot sale
- Offering my e-book, 50 iPhone Apps To Earn Cash for free at the end of the month
- Make on more mystery shopping jobs
- Look for new affiliates
- Develop our other websites
As a reminder, here are my financial goals for the rest of 2016. In April I need to increase my income goal by £250.
- 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
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.