These are my online business finances for January 2023.
I spent the entire month in 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 | € 21,851 | $ 23,726 |
| Total Business Expenses | € 8,011 | $ 8,698 |
| Profit | € 13,840 | $ 15,027 |
🤑 INCOME
| Affiliate income (see below) | € 21,197 | $ 23,016 |
| Newsletter sponsorships | € 276 | $ 300 |
| Consulting | € 230 | $ 250 |
| Patreon 1 | € 146 | $ 158 |
| Book sales (via Amazon) | € 1 | $ 2 |
| Total Income | € 21,851 |
$ 23,726 |
| Previous Month | € 27,149 | $ 29,137 |
I was expecting my income to be around $20k 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…
💸 EXPENSES
🤝 Hired Help
| Hired Help 2 | € 3,662 | $ 3,976 |
| Previous Month | € 5,069 | $ 5,440 |
📆 Subscriptions
| Cloudflare Pro Plan (monthly) 3 | € 221 | $ 240 |
| Zoom (annual) 4 | € 138 | $ 150 |
| Google Drive storage (annual) 5 | € 92 | $ 100 |
| Readwise (annual) 6 | € 50 | $ 54 |
| AAWP (annual) 7 | € 20 | $ 21 |
| Virtual Post Mail (monthly) 8 | € 14 | $ 15 |
| YouTube Premium (monthly) 9 | € 11 | $ 12 |
| Adobe Photoshop (monthly) | € 11 | $ 11 |
| Copycall (monthly) 10 | € 7 | $ 8 |
| Elephas 11 | € 5 | $ 5 |
| Total | € 568 | $ 616 |
| Previous Month | € 519 | $ 557 |
🤓 Hosting & Domains
| Kinsta (annual) 12 | € 2,072 | $ 2,250 |
| Dreamhost 13 | € 0 | $ 0 |
| Total | € 2,072 | $ 2,250 |
| 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 14 | € 780 | $ 847 |
| Previous Month | € 1,043 | $ 1,119 |
💻 Office Expenses
| Fire extinguisher | € 91 | $ 99 |
| Internet | € 40 | $ 44 |
| Cellphone service | € 32 | $ 34 |
| Skype credit | € 9 | $ 10 |
| Total | € 172 | $ 187 |
| Previous Month | € 779 | $ 837 |
📋 Admin Expenses
| Total | € 0 | $ 0 |
| Previous Month | € 0 | $ 0 |
🎁 Gifts & Donations
| CAMFED 15 | € 272 | $ 295 |
| Student reviews giveaway winner (December) | € 92 | $ 100 |
| Newsletter survey giveaway winner | € 92 | $ 100 |
| Total | € 456 | $ 495 |
| Previous Month | € 186 | $ 200 |
🤷♂️ Miscellaneous Expenses
| 72IG WhatsApp Income Blueprint (review) | € 130 | $ 141 |
| Turning Robocalls Into Cash (review) | € 57 | $ 61 |
| The Real World (review) | € 46 | $ 50 |
| Amazon Web Services (storage) 16 | € 44 | $ 48 |
| 7 Day Ebook (review) | € 25 | $ 27 |
| Total | € 302 | $ 327 |
| Previous Month | € 354 | $ 380 |
💸 Expense Summary
| Hired Help | € 3,662 | $ 3,976 |
| Hosting & Domains | € 2,072 | $ 2,250 |
| Transaction Fees | € 780 | $ 847 |
| Subscriptions | € 568 | $ 616 |
| Gifts & Donations | € 456 | $ 495 |
| Miscellaneous | € 302 | $ 327 |
| Office Expenses | € 172 | $ 187 |
| Admin Expenses | € 0 | $ 0 |
| Books | € 0 | $ 0 |
| Total Expenses | € 8,011 |
$ 8,698 |
| Previous Month | € 7,950 | $ 8,533 |
I expected to spend about $8,000 in January. Wasn’t far off.
😢 Biggest Regret?
Nothing significant.
🔮 Outlook For February
Expenses will come in around $6500.
I expect income to be around $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.
