May 2016 online income report

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May 2016 online income report

Hello and welcome to May 2016's online income report. I wasn't too sure what to expect from May – it is a typically bitter sweet month for me, being both the anniversary of my mum's death and my wedding anniversary. I had set my financial goal to earn £3,500 and then two other goals – to complete the money making bootcamp training and to launch two new websites. I am pleased that I more than hit my income target, however the other two targets were lacking! I was away from home three times in May, for a funeral, Blog Camp and our wedding anniversary, and it also hasn't been the easiest month for me, so I am still astonished that I have exceeded my target.

May 2016 online income report

It is months like May where I am extremely grateful for my passive income. I cannot tell you the number of days I lost to being a vegetable in front of the tv – I am not proud of it, but I struggled a lot throughout May, and the recent rubbish weather hasn't helped! I can't imagine what it would have been like to have to drag myself into an office and I am aware of how blessed I am to be in this situation. May also marked my 6 month self employed anniversary, and I have never looked back!

In May I finally got round to doing something I had been considering for ages and hiring a virtual assistant. I have been working with her for just two weeks now and so far it has been one of the best things I have done. It has really freed me up to work on bigger projects and use my energy in areas that would make me the happiest.

May 2016 has been my best earning month to date, having completely SMASHED £4,000. 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

Here are our previous income reports if you would like to look back on our progress:

December 2015 – £2,676.46 (on holiday for a week)
January 2016 – £2,888.17
February 2016 – £2,520.43 (on holiday for 2 weeks)
March 2016 – £3,194.82
April 2016 – £3,579.34

Affiliate earnings – £2,600.45

I love affiliate marketing (if you haven't seen it yet then check out my guide to getting started with affiliate marketing) and I love seeing this figure grow every month. In October last year this amount was just £581.59, so I am more than thrilled to be earning almost 5 times that amount just a few short months later. In April this amount was £2,182.35, so I have increased it by £418.10. I am finally seeing some traction from SEO work and a few new affiliates I have introduced lately.

I see lots of Facebook groups with hundreds of thousands of “likes” promoting deals with affiliate links, so this is something my husband and I have been exploring for a few months. We found that it wasn't working for us and decided at the start of May to stop posting offers to the Facebook groups we had created. It was taking us an hour a day to find offers and upload them, so throughout May we were able to spend our time better and see our affiliate income grow. It just goes to show that what works for some people doesn't work for everyone!

I am still looking at diversifying our affiliate income and I have lots of ideas around that. Now that I have my virtual assistant on board I have more free time to start these projects and explore increasing our affiliate income.

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.

My top blogging resources
Here are the products, services, courses and books I have used to get my blog to where it is today – earning me £thousands every single month.

Running my blog

TSO Host – Website hosting If you are looking to get your website up and running, I recommend using TSO host. Hosting packages start from just £1.25 a month!  Click here to visit my tutorial on building a self hosted Wordpress website with TSO Host. Studiopress – Wordpress theme The Genesis framework for Wordpress is fantastic, and I am using the “Brunch Pro” theme to create the website that you see in front of you. Click here to visit Studiopress and browse their available Wordpress themes. Pretty Link – makes affiliate link management a breeze I am now using the pro version of this plugin but the free version takes an affiliate link and makes them pretty. The pro version comes with some added bonuses, but the free lite version is fantastic too. Click here to get Pretty Link.

Courses & books

Making Sense of Affiliate Marketing e-course – Michelle, who runs the course, is making a massive $50,000 (£38,000) a month from affiliates alone. Can you even begin to imagine what you would do with an income like that? In this course Michelle shares her tips and strategies for being successful at affiliate marketing. There are also some great course bonuses including a dedicated Facebook group where Michelle offers her personal help. Click here to take a look at the Making Sense of Affiliate Marketing e-course.  Elite Blog Academy e-course is a wonderful e-course that I started earlier this year. Since implementing the changes I have learned on this course I have seen both my traffic and my income increase! When you register your interest in the course you will receive a FREE copy of 7 Surefire Ways to Boost Your Blog Income Overnight. Click here to register your interest in the Elite Blog Academy and get a FREE copy of 7 Surefire Ways to Boost Your Blog Income Overnight 17 Strategies I Used To Go From 17k to 350k+ Page Views in 9 Months – in this fantastic ebook Lena shares her tried and tested tips for increasing her pageviews over a 9 month period. I have started implementing some of the hints and tips that Lena shares and I am already seeing some growth. Click here to get your copy of 17 Strategies I Used To Go From 17k to 350k+ Page Views in 9 Months Will It Fly?: How to Test Your Next Business Idea So You Don't Waste Your Time and Money by Pat Flynn – I have only recently discovered Pat Flynn but I am amazed by what he is achieving. This is a great resource to help you figure out if your business idea will work – you will figure out whether your business idea has merit, whether it will succeed in the market you want to service and whether it is a good idea for YOU. Click here to get your copy of Will It Fly?: How to Test Your Next Business Idea So You Don't Waste Your Time and Money by Pat Flynn

Matched Betting – £1,019.16

I decided at the beginning of May to set the matched betting goal high at £1,000 and I am so thrilled to have smashed it! Matched betting is a risk free, tax free way to earn extra money by utilising the bookmaker's offers. Although the name can sound daunting, despite not being a sports fan I have managed to pick it up after a matched betting free trial. The free trial gives you some fantastic training videos and allows you to make anything from £40-£60 whilst deciding if it is for you.

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.

There are two approaches to take when it comes to matched betting – you can decide to work through the initial offers, bag yourself anything from £1,000 – £2,000 for a one off (maybe to pay off a credit card or have a holiday), or you can look to have a steady matched betting income every month.

Matched Betting May 2016Matched Betting May 2016 2

You can see all my previous matched betting income reports:

Remember that month 3 also overlaps into October – from now on I will be reporting the matched betting income per calendar month.

Since July 2015 I have made over £10,000 from matched betting, completely tax free! This amount has been completely life changing for us. 

Website earnings – £579.64

Website earnings include money received from sponsored posts and advertising. I am pleased to see an extra £100ish on this total, despite my Adsense earnings being lower. I recently increased my sponsored post fee meaning that posts have been higher paid and more relevant to my blog. 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 – £55

I love earning gift cards, although I don't always include them on my income reports. 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 – £55.06

My survey income seemed to remain solidly around the £40 mark, so I am happy with £55 in May. 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 – £902.31

With my affiliate earnings growing, I didn't feel the need to pursue much other work throughout May. I am pleased to see these earnings increased from April though.

My other earnings consist of

Subtotal before expenses £5,156.62

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 – £863.08

Okay okay…my expenses are massively up in May…however, my income has increased too! I have taken on my virtual assistant, travelled to London a few times for events and also offered my small team a bonus payment thanks to reaching a fantastic target. I have definitely learned the value of growing your team and the difference it has made to my income.

  • 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& bonuses
  • Postage for competition prizes and eBay sales
  • Travel to London for events

Total for May 2016 (after expenses) – £4,293.54

5 new posts in May

Here are some of the top new posts from May 2016:

  1. Cooking with Gousto and a 50% off discount code
  2. May's £100 household budget challenge
  3. What's Awesome in Poundland in May 2016
  4. 10 weird things that sold on eBay in May 2016
  5. Earn money with Clickworker

My thoughts

Wow wow wow!!! I have always said that my goal is to reach £5,000 by December 2016 and I can't believe that I am this close! I am completely blown away by this amount and I have kept checking my spreadsheets and invoices to make sure it is correct. I cannot believe how far I have come and I already feel as though I have achieved so many victories! I am much happier and I have a lifestyle that I enjoy a lot more. I love helping others to earn extra money too, and seeing this happen in front of my eyes is absolutely wonderful!

Passive income May 2016

My passive income continues to grow and is almost £400 more than April 2016. I cannot believe that I have surpassed over £3,000. That's over £3,000 I earned without actively working – it is how I managed to earn money despite having a bad mental health month! 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

Our money making bootcamp is launching on Sunday 5th June (registration is now closed) and over 400 people are taking part! I have absolutely no idea how much time this will consume, as well as trying to complete Elite Blog Academy and another course I signed up for – Making Money Mindfully. Throughout June both Tony and I are attempting a new way of working, which is to work from 9am – 1pm (4 hours) a day, then spend the rest of our time away from the computer – going to the gym, filming for YouTube, gardening and just being away from our computers. I will have to pop on for the money making bootcamp, but I am hoping that this new regime will help us to be focused for those 4 hours, instead of just refreshing Twitter all the time! It will also give me a chance to finish up some other things that I want to get done, such as decluttering, gardening videos and making my own bath bombs.

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 September, which means that I can take time to finish the projects I keep meaning to get around to.

As a reminder, here are my financial goals for the rest of 2016.

  • 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.

May 2016 online income report

 

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12 Comments on “May 2016 online income report”

  1. Really pleased that you are succeeding, looking forward to the bootcamp and then setting some goals. My biggest problem is so many ways to go, things to do, which do i concentrate on? I do think you will reach your target way before December, habe you something nice planned for when you do reach your target? I think its important to celebrate success.

  2. Sorry to hear about your bad month but well done on your achievement! I would be interested to know more about how you are growing your affiliate income. Is it because your traffic is growing or you are promoting affiliate links more?

    1. Hi Petra,

      Thanks for your comment. It is a bit of both really – my traffic has grown a lot recently due to some press coverage but I have also started to share more affiliate links. I hope that helps!

  3. There is no way you are consistently making over £1k in matched betting each month on one account alone. The offers in May have simply not been there and you have had to have been gubbed on numerous accounts by now. Sure it’s not hubby’s ‘new account’

    1. Hi Richard,

      I’m not sure where you’ve been reading, I haven’t been making over £1,000 every month – I have even linked to my previous earnings in my post but perhaps you didn’t read it thoroughly enough?

      “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
      April 2016 earnings – £622.36”

      I set myself a goal, I smashed it 🙂

  4. Congratulations firstly on such an incredible but difficult month! I have requested to be added to the matched betting facebook group under the name of Amy Jade. I hope all is well and you will have an even better month in June!

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