These are my online business finances for August 2022.
I spent the first few days of the month in Tbilisi, Georgia, before moving to Andorra.
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 | € 18,527 | $ 18,651 |
| Total Business Expenses | € 3,833 | $ 3,859 |
| Profit | € 14,694 | $ 14,792 |
🤑 INCOME
| Affiliate income (see below) | € 18,135 | $ 18,256 |
| Sale of office chairs in Tbilisi | € 206 | $ 207 |
| Patreon 1 | € 178 | $ 179 |
| Tip Jar 2 | € 8 | $ 8 |
| Book sales (via Amazon) | € 0 | $ 0 |
| Total Income | € 18,527 |
$ 18,651 |
| Previous Month | € 15,780 | $ 16,138 |
I was expecting my income to be around $15k for the month. Did a bit better than that.
👍 Affiliate Income
Affiliate payments in August 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…
💸 EXPENSES
🤝 Hired Help
| Hired Help 3 | € 1,684 | $ 1,695 |
| Previous Month | € 2,248 | $ 2,299 |
📆 Subscriptions
| Dynamite Circle (annual) 4 | € 496 | $ 499 |
| Trends (annual) 5 | € 297 | $ 299 |
| Income School’s Project 24 (annual) 6 | € 198 | $ 199 |
| LastPass (annual) 7 | € 47 | $ 48 |
| Cloudflare Pro Plan (monthly) 8 | € 20 | $ 20 |
| Virtual Post Mail (monthly) 9 | € 15 | $ 15 |
| Adobe Photoshop (monthly) | € 13 | $ 13 |
| YouTube Premium (monthly) 10 | € 12 | $ 12 |
| Copycall (monthly) 11 | € 8 | $ 8 |
| AAWP (annual) 12 | € 0 | $ 0 |
| Ahrefs (annual) 13 | € 0 | $ 0 |
| BerryCast 14 | € 0 | $ 0 |
| Candidate Checker (lifetime) | € 0 | $ 0 |
| ClickUp (annual) 15 | € 0 | $ 0 |
| ConvertBox 16 | € 0 | $ 0 |
| EasyCron (annual) | € 0 | $ 0 |
| ExpressVPN (annual) | € 0 | $ 0 |
| GeneratePress Premium (annual) 17 | € 0 | $ 0 |
| Google Drive storage (annual) 18 | € 0 | $ 0 |
| JotForm (annual) 19 | € 0 | $ 0 |
| Readwise (annual) 20 | € 0 | $ 0 |
| Sniply (lifetime deal) | € 0 | $ 0 |
| SocialBee 21 | € 0 | $ 0 |
| SOUNDRAW 22 | € 0 | $ 0 |
| Surfer (annual) 23 | € 0 | $ 0 |
| Teamwork (annual) 24 | € 0 | $ 0 |
| Zoom (annual) 25 | € 0 | $ 0 |
| Total | € 1,106 | $ 1,113 |
| Previous Month | € 429 | $ 439 |
🤓 Hosting & Domains
| Dreamhost 26 | € 18 | $ 18 |
| Kinsta (annual) 27 | € 0 | $ 0 |
| Total | € 18 | $ 18 |
| Previous Month | € 0 | $ 0 |
📚 Books
| Total | € 0 | $ 0 |
| Previous Month | € 5 | $ 5 |
- See my book ratings and everything I’m currently reading over at Goodreads
🏦 Transaction Fees
| Transaction fees 28 | € 767 | $ 773 |
| Previous Month | € 584 | $ 598 |
💻 Office Expenses
| Skype credit | € 10 | $ 10 |
| Internet | € 0 | $ 0 |
| Total | € 10 | $ 10 |
| Previous Month | € 18 | $ 19 |
📋 Admin Expenses
| Total | € 0 | $ 0 |
| Previous Month | € 0 | $ 0 |
🎁 Gifts & Donations
| Student reviews giveaway winner (donate to CAMFED) | € 99 | $ 100 |
| Total | € 99 | $ 100 |
| Previous Month | € 303 | $ 310 |
🤷♂️ Miscellaneous Expenses
| The Techie Mentor (review) | € 96 | $ 97 |
| Spark by ClickBank (review) | € 23 | $ 24 |
| Amazon Web Services (storage) 29 | € 22 | $ 22 |
| Food Blogger Pro (review) | € 9 | $ 9 |
| Total | € 150 | $ 151 |
| Previous Month | € 76 | $ 78 |
💸 Expense Summary
| Hired Help | € 1,684 | $ 1,695 |
| Subscriptions | € 1,106 | $ 1,113 |
| Transaction Fees | € 767 | $ 773 |
| Miscellaneous | € 150 | $ 151 |
| Gifts & Donations | € 99 | $ 100 |
| Hosting & Domains | € 18 | $ 18 |
| Office Expenses | € 10 | $ 10 |
| Admin Expenses | € 0 | $ 0 |
| Books | € 0 | $ 0 |
| Total Expenses | € 3,833 |
$ 3,859 |
| Previous Month | € 3,664 | $ 3,747 |
I was expecting to spend about $3,000 overall. So I underestimated by quite a bit.
😢 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 |
| May | € 11,682 | $ 12,537 |
| June | € 11,742 | $ 12,273 |
| July | € 12,116 | $ 12,391 |
| August | € 14,694 | $ 14,792 |
| Total | € 82,710 | $ 87,799 |
🔮 Outlook For September
I expect expenses to be around $5000.
Income should be about $17,000.
📲 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.
