Hello and welcome to my November 2016 income report. I cannot believe that December is here and 2016 is almost over! Let's get stuck in and see what happened in November.
I am writing this income report from my favourite place on earth – Disney World! We are vlogging our trip so if you are interested in watching then check out my Disney World playlist on YouTube. I absolutely love being here, whether we are walking for miles and miles around a theme park, or just chilling out by the pool in the villa. The sunshine is much needed and hopefully it is enough to get us through a cold winter when we get back home.
What's happened in November
November got off to a great start when I was featured in a BBC News article about yellow labels – those supermarket reductions that most of us love. It led to a few BBC radio appearances and lots of exposure which is always a good thing! We also spent some more time settling in to our lovely house as well as preparing for our trip to Disney World. I managed to get most of my work done before we left, but some things, like this income report, are being written here.
November also marked my 1-year self-employed anniversary, which was celebrated with a tiny party, also known as hanging out with Tony and my Dad, eating M&S food. It was a really nice, chilled out month, preparing for the end of 2016. Let's get into the numbers then!
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
May 2016 – £4,293.54
June 2016 – £3,813.70 (on holiday for a week)
July 2016 – £3,952.30
August 2016 – £6,162.54
September 2016 – £5,158.73
October 2016 – £6,188.91
Affiliate earnings – £3,718.99*
I am surprised to see that my affiliate income is down for November 2017, however, there is one affiliate program where I am sent a cheque every month instead of being able to log in and track my progress. I am away from home at the moment so there might be a little bit to be added to this amount.
In July I was earning under £3,000 from affiliate income, so I am THRILLED with this increase. I have put together all of my affiliate marketing secrets into one place for you, in How To SMASH Affiliate Marketing as a UK Blogger. In this video and text course I cover everything from which affiliate programs to join to how to get over that fear of emailing your list.
I have had a few questions from people asking me if this course is aimed at new bloggers or established bloggers, and I have to say that it would suit both. I have over 600 blog posts, so it is taking me a long time to go back and edit my older posts in accordance with what I have learned. Whilst it is a big investment, I wish that this course was around when I first started! At least then I would have got started on the right foot.
If you are interested in generating your own income from affiliate marketing then be sure to check out my guide to getting started with affiliate marketing which has just been updated. My affiliate income has increased to an amazing number – in October 2015 this amount was just £581.59. 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.
Ideally, I want to get back to £5,000 in affiliate income in December, however having a great time on holiday is my top priority! I definitely want this increased by January 2017.
Matched Betting – £773.74
Matched betting is a great risk-free and tax-free side hustle, and I have been hitting it hard in the run up to our Orlando holiday so that we have some extra spending money. I have managed to make £12,000 in 12 months from matched betting and I think it is a great side hustle.
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.
I have also created a free daily matched betting printable, which you can download for free.
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.
As I have mentioned previously, I am now going to be calming down my matched betting efforts whilst I focus on other areas of income. We are starting to get serious about saving towards our financial goals, and getting a mortgage means that it is more important to have a taxable income, which matched betting isn't. It is already hard enough to get a mortgage being self-employed, so we are focusing on other earnings that can be shown on tax returns.
Website earnings – £414.57
After mentioning in last month's income report that I was earning over £500 consistently from sponsored posts and advertising revenue, this took a nosedive in November and I was £500 down! I think this is down to my rebranding and waiting for my Domain Authority to increase. I'm now at 25, so I am hoping to see more sponsored posts.
Gift cards – £42
I love earning gift cards, although I don't always include them on my income reports. In November I redeemed gift cards from Buzzoole, InstaGC and Receipt Hog, which have all been added to my Amazon account for Christmas. This amount is NOT included in my total for the month.
Online surveys – £90.86
The amount of money I earn every month from surveys seems to hover around the £50 mark, which is fine by me! November saw a bit of a jump thanks to some high paid surveys coming in, but I aim to keep this around the £50 mark. 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 – £1,088.7
I am so happy to see this amount back to over £1,000, and £8 more than October. I've been able to do a few more side hustles in November, including getting back into mystery shopping and a lot of very nice eBay sales.
My other earnings consist of
- Rent profit
- My book sales
- eBay sales
- Mystery shopping
Subtotal before expenses £6,086.86
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 – £806
I am so pleased to see my expenses under £1,000! Although everything I pay out for is much needed, £1,000 a month seems a lot (and in September it was close to £2,000!). There still isn't anything I can cut back on just yet. My expenses include
- Switching to Convert Kit for my mailing list.
- Paypal fees (when I have received payment).
- eBay fees – these were extremely high due to a few good sales.
- Landlord costs (mortgage).
- 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 including my virtual assistant.
- Postage for competition prizes and eBay sales.
- Facebook adverts.
Total for November 2016 (after expenses) – £5,280.86
5 new posts in November
Here are some of the top new posts from November 2016:
- Make your secret Santa count with #GiveOrGift
- Highs and lows of my first year of being self-employed
- FREE daily money making checklist
- 5 crazy things that actually sold on eBay in November 2016
- 10 wonderful ways to save money before Christmas
For the fourth month I have managed to earn over £5,000! This was my ultimate goal for December 2016, so I am so pleased to be here already. It is truly humbling and I am so excited! I truly believe that this is down to some big investments I made this year and the three tools that have really helped me. I have also just purchased the Pinterest to Profits course and I cannot wait to get stuck in! It might take me some time with the house move, but this is a much more affordable course than the ones I have been looking at, and I am blown away with how far McKinzie has come with her BRAND NEW blog. A lot of it is down to the impact that Pinterest can have, and I definitely want in on that action.
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!
It is my long term strategy to keep growing my passive income – this is money I earn whilst I am sleeping or otherwise not actively working. My 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
For the moment I want to just continue on this path. I would love to keep my earnings over £5,000 per month for the rest of 2016 and keep working through the courses I have bought and implementing those changes, whilst also enjoying the work/life balance that I have going on.
My goal was 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! If I don't reach this goal in December 2016, with being away for most of the month, I won't be too hard on myself!
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.