These are my online business finances for April 2022.
I spent the entire month in Tbilisi, Georgia.
I’ve been tracking everything I earn and spend since January 2011, just a few weeks after quitting my day job. Every month since, I’ve published one of these finance reports.
Sharing this info publicly keeps me accountable and hopefully gives you some insight into how I earn a living online.
Patrons get to see each new report before anyone else.
💵 Summary
Total Business Income | € 10,904 | $ 11,496 |
Total Business Expenses | € 3,730 | $ 3,932 |
Profit | € 7,174 | $ 7,564 |
🤑 Business Income
Affiliate income (see below) | € 10,601 | $ 11,177 |
Patreon 1 | € 193 | $ 203 |
Instantly refund 2 | € 94 | $ 99 |
Tip Jar 3 | € 12 | $ 13 |
Book sales (via Amazon) | € 4 | $ 5 |
Total Income | € 10,904 |
$ 11,496 |
Previous Month | € 13,599 | $ 15,089 |
I was expecting my income to be around $13k for the month. Didn’t quite get there.
👍 Affiliate Income
Affiliate payments in April came from…
(Btw, I don’t necessarily recommend everything I earn affiliate income from. Sometimes I’ll write a negative review of something and people will still sign up to it via my link. Humans are weird like that.)
Here’s a progress chart for affiliate income since starting eBiz Facts…
Note that, to keep things simple for myself on a day-to-day basis, I practice cash accounting rather than accrual accounting.
“Under the cash method of accounting, sales are recorded when cash is received, and expenses are recorded when cash is sent out. It’s straightforward and intuitive. The problem with the cash method, however, is that it doesn’t always reflect the economic reality of a situation.” – Accounting Made Simple
The economic reality of affiliate marketing is that some companies pay their affiliates every month, while others have irregular payment schedules. As a result, my affiliate income can look more inconsistent month-to-month than it actually is.
💸 Business Expenses
🤝 Hired Help
Hired Help 4 | € 1,786 | $ 1,883 |
Previous Month | € 1,034 | $ 1,148 |
📆 Subscriptions
ClickUp (annual) 5 | € 267 | $ 282 |
ExpressVPN (annual) | € 95 | $ 100 |
Candidate Checker (lifetime) | € 37 | $ 39 |
Cloudflare Pro Plan (monthly) 6 | € 19 | $ 20 |
Secret outreach tool 😉 | € 18 | $ 19 |
YouTube Premium (monthly) 7 | € 11 | $ 12 |
Adobe Photoshop (monthly) | € 9 | $ 10 |
Virtual Post Mail (monthly) 8 | € 9 | $ 10 |
Copycall (monthly) 9 | € 6 | $ 7 |
AAWP (annual) 10 | € 0 | $ 0 |
Ahrefs (annual) 11 | € 0 | $ 0 |
BerryCast 12 | € 0 | $ 0 |
ConvertBox 13 | € 0 | $ 0 |
EasyCron (annual) | € 0 | $ 0 |
GeneratePress Premium (annual) 14 | € 0 | $ 0 |
Google Drive storage (annual) 15 | € 0 | $ 0 |
Income School’s Project 24 (annual) 16 | € 0 | $ 0 |
JotForm (annual) 17 | € 0 | $ 0 |
LastPass (annual) 18 | € 0 | $ 0 |
Readwise (annual) 19 | € 0 | $ 0 |
SocialBee 20 | € 0 | $ 0 |
SOUNDRAW 21 | € 0 | $ 0 |
Surfer (annual) 22 | € 0 | $ 0 |
Trends (annual) 23 | € 0 | $ 0 |
Zoom (annual) 24 | € 0 | $ 0 |
Total | € 472 | $ 498 |
Previous Month | € 68 | $ 75 |
🤓 Hosting & Domains
Dreamhost 25 | € 156 | $ 165 |
Kinsta (annual) 26 | € 0 | $ 0 |
Total | € 156 | $ 165 |
Previous Month | € 0 | $ 0 |
📚 Books
Total | € 0 | $ 0 |
Previous Month | € 2 | $ 2 |
- See my book ratings and everything I’m currently reading over at Goodreads
🏦 Transaction Fees
Transaction fees 27 | € 423 | $ 446 |
Previous Month | € 478 | $ 530 |
💻 Office Expenses
Phone credit | € 9 | $ 10 |
Skype credit | € 9 | $ 10 |
Internet | € 7 | $ 8 |
Total | € 26 | $ 28 |
Previous Month | € 16 | $ 18 |
📋 Admin Expenses
US Patent Trademark Application | € 95 | $ 100 |
Total | € 95 | $ 100 |
Previous Month | € 56 | $ 62 |
🎁 Gifts & Donations
CAMFED 28 | € 744 | $ 785 |
Layla at Process Driven 29 | € 8 | $ 9 |
Total | € 753 | $ 794 |
Previous Month | € 451 | $ 500 |
🤷♂️ Miscellaneous Expenses
Amazon Web Services (storage) 30 | € 18 | $ 19 |
Total | € 18 | $ 19 |
Previous Month | € 280 | $ 311 |
💸 Expense Summary
Hired Help | € 1,786 | $ 1,883 |
Gifts & Donations | € 753 | $ 794 |
Subscriptions | € 472 | $ 498 |
Transaction Fees | € 423 | $ 446 |
Hosting & Domains | € 156 | $ 165 |
Admin Expenses | € 95 | $ 100 |
Office Expenses | € 26 | $ 28 |
Miscellaneous | € 18 | $ 19 |
Books | € 0 | $ 0 |
Total Expenses | € 3,730 |
$ 3,932 |
Previous Month | € 2,385 | $ 2,646 |
I was expecting to spend about $4,000 overall. Nailed it.
😢 Biggest Regret?
Nothing significant.
2022 So Far
Here’s how I’m doing this year in terms of profit and loss:
January | € 8,842 | $ 9,911 |
February | € 5,246 | $ 5,888 |
March | € 11,214 | $ 12,443 |
April | € 7,174 | $ 7,564 |
Total | € 32,476 | $ 35,806 |
🔮 Outlook For May
I expect expenses to be around $3000.
Income should be about $13,000.
📲 How I Track All This
Curious as to how I track everything I earn and spend? Check this video…
💬 Feedback Welcome
Thoughts? Questions? Speak up in the comments below.
🗂 Archived Finance Reports
I’ve been posting these monthly finance reports since January, 2011. You can view all my old reports via this page.