These are my online business finances for December 2022.
I spent most of the month in Andorra, plus a few days in Barcelona.
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 | € 27,149 | $ 29,137 |
| Total Business Expenses | € 7,950 | $ 8,533 |
| Profit | € 19,199 | $ 20,605 |
🤑 INCOME
| Affiliate income (see below) | € 26,711 | $ 28,667 |
| Newsletter sponsorships | € 280 | $ 300 |
| Patreon 1 | € 152 | $ 163 |
| Tip Jar 2 | € 3 | $ 4 |
| Book sales (via Amazon) | € 3 | $ 4 |
| Total Income | € 27,149 |
$ 29,137 |
| Previous Month | € 16,183 | $ 16,701 |
I was expecting my income to be around $23k for the month. Instead, I ended up having my best month ever in terms of revenue 🥳
Unfortunately, that level of income isn’t exactly sustainable. Much of it was due to Black Friday-type deals on courses back in October/November. Also, one of the more reliable affiliate programs I was part of shut down at the end of December, so I lost some good recurring $$$ there.
👍 Affiliate Income
Affiliate payments in December 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 | € 5,069 | $ 5,440 |
| Previous Month | € 3,068 | $ 3,166 |
📆 Subscriptions
| Surfer (annual) 4 | € 457 | $ 490 |
| Cloudflare Pro Plan (monthly) 5 | € 19 | $ 20 |
| Virtual Post Mail (monthly) 6 | € 14 | $ 15 |
| Adobe Photoshop (monthly) | € 11 | $ 12 |
| YouTube Premium (monthly) 7 | € 11 | $ 12 |
| Copycall (monthly) 8 | € 7 | $ 8 |
| AAWP (annual) 9 | € 0 | $ 0 |
| Ahrefs (annual) 10 | € 0 | $ 0 |
| BerryCast 11 | € 0 | $ 0 |
| Candidate Checker (lifetime) | € 0 | $ 0 |
| ClickUp (annual) 12 | € 0 | $ 0 |
| ConvertBox 13 | € 0 | $ 0 |
| Dynamite Circle (annual) 14 | € 0 | $ 0 |
| EasyCron (annual) | € 0 | $ 0 |
| ExpressVPN (annual) | € 0 | $ 0 |
| GeneratePress Premium (annual) 15 | € 0 | $ 0 |
| Google Drive storage (annual) 16 | € 0 | $ 0 |
| Income School’s Project 24 (annual) 17 | € 0 | $ 0 |
| JotForm (annual) 18 | € 0 | $ 0 |
| LastPass (annual) 19 | € 0 | $ 0 |
| Readwise (annual) 20 | € 0 | $ 0 |
| Sniply (lifetime deal) | € 0 | $ 0 |
| SocialBee 21 | € 0 | $ 0 |
| SOUNDRAW 22 | € 0 | $ 0 |
| Teamwork (annual) 23 | € 0 | $ 0 |
| Trends (annual) 24 | € 0 | $ 0 |
| Zoom (annual) 25 | € 0 | $ 0 |
| Total | € 519 | $ 557 |
| Previous Month | € 1,025 | $ 1,058 |
🤓 Hosting & Domains
| Dreamhost 26 | € 0 | $ 0 |
| Kinsta (annual) 27 | € 0 | $ 0 |
| Total | € 0 | $ 0 |
| Previous Month | € 70 | $ 72 |
📚 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 | € 1,043 | $ 1,119 |
| Previous Month | € 531 | $ 548 |
💻 Office Expenses
| Office chairs | € 710 | $ 762 |
| Internet | € 40 | $ 43 |
| Cellphone service | € 29 | $ 32 |
| Total | € 779 | $ 837 |
| Previous Month | € 57 | $ 59 |
📋 Admin Expenses
| Total | € 0 | $ 0 |
| Previous Month | € 0 | $ 0 |
🎁 Gifts & Donations
| Student reviews giveaway winner (October + November) | € 186 | $ 200 |
| Total | € 186 | $ 200 |
| Previous Month | € 0 | $ 0 |
🤷♂️ Miscellaneous Expenses
| SPI Academy (3 months access) | € 133 | $ 143 |
| Perfecting Blogging | € 130 | $ 139 |
| Startups.fyi early listing | € 46 | $ 49 |
| Amazon Web Services (storage) 29 | € 45 | $ 49 |
| Total | € 354 | $ 380 |
| Previous Month | € 123 | $ 127 |
💸 Expense Summary
| Hired Help | € 5,069 | $ 5,440 |
| Transaction Fees | € 1,043 | $ 1,119 |
| Office Expenses | € 779 | $ 837 |
| Subscriptions | € 519 | $ 557 |
| Miscellaneous | € 354 | $ 380 |
| Gifts & Donations | € 186 | $ 200 |
| Admin Expenses | € 0 | $ 0 |
| Books | € 0 | $ 0 |
| Hosting & Domains | € 0 | $ 0 |
| Total Expenses | € 7,950 |
$ 8,533 |
| Previous Month | € 4,878 | $ 5,035 |
I expected to spend about $5,000 in December. Ended up spending way more than that, mostly on hired help.
😢 Biggest Regret?
Nothing significant.
🗓 2022 Overall
Here’s how I did for the 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 |
| September | € 13,259 | $ 12,978 |
| October | € 12,067 | $ 11,926 |
| November | € 11,304 | $ 11,666 |
| December | € 19,199 | $ 20,605 |
| Total | € 138,539 | $ 144,974 |
🔮 Outlook For January
Expenses will come in around $8000 again.
I expect income to be around $20,000.
📲 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.
