These are my online business finances for August 2023.
I spent the month in Ireland 🇮🇪, Andorra 🇦🇩 and Spain 🇪🇸
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 | € 22,384 | $ 24,261 |
| Total Business Expenses | € 6,856 | $ 7,431 |
| Profit | € 15,528 | $ 16,830 |
🤑 INCOME
| Affiliate income (see below) | € 22,382 | $ 24,259 |
| Book sales (via Amazon) | € 2 | $ 2 |
| Total Income | € 22,384 |
$ 24,261 |
| Previous Month | € 23,586 | $ 25,989 |
I was expecting my income to be around $21k for the month. Did a bit better than that.
👍 Affiliate Income
Affiliate payments in August came from…
(Btw, we don’t necessarily recommend everything we earn affiliate income from. Sometimes we’ll write a negative review of something and people will still sign up to it via our affiliate link. Humans are weird like that.)
Here’s a progress chart for affiliate income since starting eBiz Facts…
💸 EXPENSES
🤝 Hired Help
| Hired Help 1 | € 4,503 | $ 4,881 |
| Previous Month | € 5,557 | $ 6,124 |
📆 Subscriptions
| Dynamite Circle (annual) 2 | € 460 | $ 499 |
| SE Ranking (annual) | € 455 | $ 493 |
| LastPass (annual) 3 | € 44 | $ 48 |
| Virtual Post Mail (monthly) | € 14 | $ 15 |
| YouTube Premium (monthly) 4 | € 11 | $ 12 |
| Copycall (monthly) 5 | € 8 | $ 9 |
| Adobe Photoshop (monthly) | € 7 | $ 8 |
| Total | € 1,000 | $ 1,084 |
| Previous Month | € 544 | $ 599 |
🤓 Hosting & Domains
| Dreamhost 6 | € 17 | $ 18 |
| Kinsta (annual) 7 | € 0 | $ 0 |
| Total | € 17 | $ 18 |
| Previous Month | € 0 | $ 0 |
📚 Books
| Total | € 0 | $ 0 |
| Previous Month | € 0 | $ 0 |
- See my book ratings and everything I’m currently reading over at Goodreads
🏦 Transaction Fees
| Transaction fees 8 | € 804 | $ 871 |
| Previous Month | € 984 | $ 1,084 |
💻 Office Expenses
| Internet | € 42 | $ 45 |
| Cellphone service | € 40 | $ 44 |
| Total | € 82 | $ 89 |
| Previous Month | € 77 | $ 85 |
📋 Admin Expenses
| Total | € 0 | $ 0 |
| Previous Month | € 16 | $ 18 |
🤔 Courses
| Project 24 (review) | € 184 | $ 199 |
| Built to Blog (review) | € 89 | $ 97 |
| Affiliate Marketing Success MasterClass (review) | € 45 | $ 49 |
| 20 Minute Trader | € 6 | $ 7 |
| Total | € 325 | $ 352 |
| Previous Month | € 597 | $ 658 |
🎁 Gifts & Donations
| Student reviews giveaway winner | € 92 | $ 100 |
| Total | € 92 | $ 100 |
| Previous Month | € 513 | $ 565 |
🤷♂️ Miscellaneous Expenses
| Amazon Web Services (storage) 9 | € 34 | $ 36 |
| Total | € 34 | $ 36 |
| Previous Month | € 47 | $ 51 |
💸 Expense Summary
| Hired Help | € 4,503 | $ 4,881 |
| Subscriptions | € 1,000 | $ 1,084 |
| Transaction Fees | € 804 | $ 871 |
| Courses | € 325 | $ 352 |
| Gifts & Donations | € 92 | $ 100 |
| Office Expenses | € 82 | $ 89 |
| Miscellaneous | € 34 | $ 36 |
| Hosting & Domains | € 17 | $ 18 |
| Admin Expenses | € 0 | $ 0 |
| Books | € 0 | $ 0 |
| Total Expenses | € 6,856 |
$ 7,431 |
| Previous Month | € 8,335 | $ 9,185 |
I expected to spend about $7,000 in August, went a little over that.
🗓 2023 So Far…
Here’s how we’re doing this year in terms of profit and loss…
| January | € 13,840 | $ 15,027 |
| February | € 12,403 | $ 13,150 |
| March | € 19,356 | $ 21,045 |
| April | € 16,708 | $ 18,433 |
| May | € 14,585 | $ 15,538 |
| June | € 15,091 | $ 16,477 |
| July | € 15,251 | $ 16,805 |
| August | € 15,528 | $ 16,830 |
| Total | € 122,762 | $ 133,305 |
🔮 Outlook For September
Expenses will be about $7,000.
I expect income to be around $22,000.
📲 How I Track All This
Curious as to how we track everything we 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.
