These are my online business finances for January 2022.
I spent the month in the north of Spain, popping in and out of 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 | € 12,513 | $ 14,025 |
| Total Business Expenses | € 3,671 | $ 4,114 |
| Profit | € 8,842 | $ 9,911 |
🤑 Business Income
| Affiliate income (see below) | € 12,275 | $ 13,758 |
| Patreon 1 | € 223 | $ 250 |
| Tip Jar 2 | € 12 | $ 14 |
| Book sales (via Amazon) | € 2 | $ 3 |
| Total Income | € 12,513 |
$ 14,025 |
| Previous Month | € 13,197 | $ 15,013 |
I was expecting my income to be around $13k for the month. Did a bit better than that.
👍 Affiliate Income
Affiliate payments in January 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 3 | € 817 | $ 916 |
| Previous Month | € 3,245 | $ 3,692 |
📆 Subscriptions
| Teamwork project management software (annual) 4 | € 235 | $ 264 |
| Zoom (annual) 5 | € 134 | $ 150 |
| Google Drive storage (annual) 6 | € 89 | $ 100 |
| Readwise (annual) 7 | € 48 | $ 54 |
| AAWP (annual) 8 | € 20 | $ 22 |
| Cloudflare Pro Plan (monthly) 9 | € 18 | $ 20 |
| Secret outreach tool 😉 | € 17 | $ 19 |
| YouTube Premium (monthly) 10 | € 11 | $ 12 |
| Adobe Photoshop (monthly) | € 9 | $ 10 |
| CriticalCSS (monthly) 11 | € 9 | $ 10 |
| Copycall (monthly) 12 | € 6 | $ 7 |
| Virtual Post Mail (monthly) 13 | € 4 | $ 5 |
| Ahrefs (annual) 14 | € 0 | $ 0 |
| Audible (monthly) | € 0 | $ 0 |
| BerryCast 15 | € 0 | $ 0 |
| Brainiac (annual) 16 | € 0 | $ 0 |
| ConvertBox 17 | € 0 | $ 0 |
| EasyCron (annual) | € 0 | $ 0 |
| ExpressVPN (annual) | € 0 | $ 0 |
| GeneratePress Premium (annual) 18 | € 0 | $ 0 |
| Income School’s Project 24 (annual) 19 | € 0 | $ 0 |
| JotForm (annual) 20 | € 0 | $ 0 |
| LastPass (annual) 21 | € 0 | $ 0 |
| SocialBee 22 | € 0 | $ 0 |
| SOUNDRAW 23 | € 0 | $ 0 |
| Surfer (annual) 24 | € 0 | $ 0 |
| Trends (annual) 25 | € 0 | $ 0 |
| Total | € 601 | $ 673 |
| Previous Month | € 540 | $ 615 |
🤓 Hosting & Domains
| Kinsta (annual) 26 | € 1,784 | $ 2,000 |
| Dreamhost 27 | € 0 | $ 0 |
| Total | € 1,784 | $ 2,000 |
| Previous Month | € 14 | $ 16 |
📚 Books
| $100M Offers | € 1 | $ 1 |
| Total | € 1 | $ 1 |
| Previous Month | € 11 | $ 13 |
- See my book ratings and everything I’m currently reading over at Goodreads
🏦 Transaction Fees
| Transaction fees 28 | € 427 | $ 479 |
| Previous Month | € 557 | $ 633 |
💻 Office Expenses
| Skype credit | € 17 | $ 20 |
| Internet | € 7 | $ 8 |
| Total | € 24 | $ 27 |
| Previous Month | € 9 | $ 11 |
📋 Admin Expenses
| Admin expenses | € 0 | $ 0 |
| Previous Month | € 0 | $ 0 |
🎁 Gifts & Donations
| Gifts & Donations | € 0 | $ 0 |
| Previous Month | € 167 | $ 190 |
🤷♂️ Miscellaneous Expenses
| Amazon Web Services (storage) 29 | € 16 | $ 18 |
| Total | € 16 | $ 18 |
| Previous Month | € 25 | $ 28 |
💸 Expense Summary
| Hosting & Domains | € 1,784 | $ 2,000 |
| Hired Help | € 817 | $ 916 |
| Subscriptions | € 601 | $ 673 |
| Transaction Fees | € 427 | $ 479 |
| Office Expenses | € 24 | $ 27 |
| Miscellaneous | € 16 | $ 18 |
| Books | € 1 | $ 1 |
| Admin Expenses | € 0 | $ 0 |
| Gifts & Donations | € 0 | $ 0 |
| Total Expenses | € 3,671 |
$ 4,114 |
| Previous Month | € 4,569 | $ 5,198 |
I was expecting to spend about $6,000 overall, ended up much less than that mainly because I didn’t get around to hiring more help.
😢 Biggest Regret?
Nothing significant.
🔮 Outlook For February
I expect expenses to be around $6000, with the biggest expenses being hired help and gifts/donations.
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.
