These are my online business finances for January 2024.
I spent most of the month in Andorra 🇦🇩 plus a few days in Ireland 🇮🇪
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 | € 20,744 | $ 22,519 |
| Total Business Expenses | € 14,311 | $ 15,535 |
| Profit | € 6,433 | $ 6,984 |
🤑 INCOME
| Affiliate income (see below) | € 20,744 | $ 22,519 |
| Total Income | € 20,744 |
$ 22,519 |
| Previous Month | € 20,341 | $ 22,455 |
I was expecting my income to be around $19k for the month. Did a bit better than that.
👍 Affiliate Income
Affiliate payments in January 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 | € 4,515 | $ 4,902 |
| Previous Month | € 6,937 | $ 7,658 |
📆 Subscriptions
| Airtable (annual) 2 | € 415 | $ 450 |
| Cloudflare Pro Plan (annual) 3 | € 221 | $ 240 |
| Zoom (annual) 4 | € 138 | $ 150 |
| Google Drive storage (annual) 5 | € 92 | $ 100 |
| Readwise (annual) 6 | € 50 | $ 54 |
| ChatGPT Plus (monthly) | € 18 | $ 20 |
| Virtual Post Mail (monthly) | € 14 | $ 15 |
| YouTube Premium (monthly) 7 | € 13 | $ 14 |
| Adobe Photoshop (monthly) | € 8 | $ 9 |
| Copycall (monthly) 8 | € 8 | $ 9 |
| Total | € 977 | $ 1,061 |
| Previous Month | € 42 | $ 46 |
🤓 Hosting & Domains
| Kinsta (annual) 9 | € 2,073 | $ 2,250 |
| Dreamhost 10 | € 5 | $ 5 |
| Total | € 2,077 | $ 2,255 |
| Previous Month | € 0 | $ 0 |
🏦 Transaction Fees
| Transaction fees 11 | € 640 | $ 695 |
| Previous Month | € 586 | $ 647 |
💻 Office Expenses
| Webcam: Razer Kiyo Pro Ultra | € 348 | $ 378 |
| 2 Elgato Key Lights | € 332 | $ 360 |
| Sennheiser Microphone & Arm | € 189 | $ 206 |
| Manfrotto Autopole | € 143 | $ 155 |
| Celexon Green Screen | € 108 | $ 118 |
| Logitech Mouse | € 88 | $ 95 |
| Internet | € 41 | $ 45 |
| Cellphone service | € 32 | $ 35 |
| Sennheiser Microphone Table Stand | € 31 | $ 33 |
| Total | € 1,312 | $ 1,424 |
| Previous Month | € 71 | $ 78 |
📋 Admin Expenses
| Total | € 16 | $ 18 |
| Previous Month | € 0 | $ 0 |
🤔 Courses
| Legendary Marketer (review) | € 6 | $ 7 |
| Total | € 6 | $ 7 |
| Previous Month | € 226 | $ 250 |
🎁 Gifts & Donations
| Total | € 0 | $ 0 |
| Previous Month | € 91 | $ 100 |
🤷♂️ Miscellaneous Expenses
| Beehiiv Boosts 12 | € 2,764 | $ 3,000 |
| 4 nights at London hotel (July) | € 787 | $ 854 |
| London event ticket (July) | € 704 | $ 764 |
| Flights to/from London (July) | € 437 | $ 475 |
| Gumtrends | € 45 | $ 49 |
| Themeforest Database | € 27 | $ 29 |
| Refind 13 | € 3 | $ 3 |
| Amazon Web Services 14 | € 1 | $ 1 |
| Total | € 4,766 | $ 5,174 |
| Previous Month | € 373 | $ 412 |
💸 Expense Summary
| Miscellaneous | € 4,766 | $ 5,174 |
| Hired Help | € 4,515 | $ 4,902 |
| Hosting & Domains | € 2,077 | $ 2,255 |
| Office Expenses | € 1,312 | $ 1,424 |
| Subscriptions | € 977 | $ 1,061 |
| Transaction Fees | € 640 | $ 695 |
| Admin Expenses | € 16 | $ 18 |
| Courses | € 6 | $ 7 |
| Gifts & Donations | € 0 | $ 0 |
| Total Expenses | € 14,311 |
$ 15,535 |
| Previous Month | € 8,326 | $ 9,191 |
I expected to spend as much as $15,000 in January, and went a bit over that. It’s easily the most expensive month ever for my business.
🔮 Outlook For February
Expenses will be about $8,000.
I expect income to be around $15,000.
📲 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.
