These are my online business finances for July 2022.
I spent the entire month in Tbilisi, Georgia.
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 | € 15,780 | $ 16,138 |
| Total Business Expenses | € 3,664 | $ 3,747 |
| Profit | € 12,116 | $ 12,391 |
🤑 INCOME
| Affiliate income (see below) | € 15,597 | $ 15,951 |
| Patreon 1 | € 180 | $ 184 |
| Book sales (via Amazon) | € 3 | $ 3 |
| Total Income | € 15,780 |
$ 16,138 |
| Previous Month | € 14,505 | $ 15,160 |
I was expecting my income to be around $14k for the month. Did a bit better than that.
👍 Affiliate Income
Affiliate payments in August 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 | € 2,248 | $ 2,299 |
| Previous Month | € 1,435 | $ 1,519 |
📆 Subscriptions
| JotForm (annual) 3 | € 282 | $ 288 |
| Sniply (lifetime deal) | € 67 | $ 69 |
| Cloudflare Pro Plan (monthly) 4 | € 20 | $ 20 |
| Secret outreach tool 😉 | € 19 | $ 19 |
| Adobe Photoshop (monthly) | € 13 | $ 13 |
| YouTube Premium (monthly) 5 | € 12 | $ 12 |
| Virtual Post Mail (monthly) 6 | € 10 | $ 10 |
| Copycall (monthly) 7 | € 8 | $ 8 |
| AAWP (annual) 8 | € 0 | $ 0 |
| Ahrefs (annual) 9 | € 0 | $ 0 |
| BerryCast 10 | € 0 | $ 0 |
| Candidate Checker (lifetime) | € 0 | $ 0 |
| ClickUp (annual) 11 | € 0 | $ 0 |
| ConvertBox 12 | € 0 | $ 0 |
| EasyCron (annual) | € 0 | $ 0 |
| ExpressVPN (annual) | € 0 | $ 0 |
| GeneratePress Premium (annual) 13 | € 0 | $ 0 |
| Google Drive storage (annual) 14 | € 0 | $ 0 |
| Income School’s Project 24 (annual) 15 | € 0 | $ 0 |
| LastPass (annual) 16 | € 0 | $ 0 |
| Readwise (annual) 17 | € 0 | $ 0 |
| SocialBee 18 | € 0 | $ 0 |
| SOUNDRAW 19 | € 0 | $ 0 |
| Surfer (annual) 20 | € 0 | $ 0 |
| Teamwork (annual) 21 | € 0 | $ 0 |
| Trends (annual) 22 | € 0 | $ 0 |
| Zoom (annual) 23 | € 0 | $ 0 |
| Total | € 429 | $ 439 |
| Previous Month | € 188 | $ 197 |
🤓 Hosting & Domains
| Dreamhost 24 | € 0 | $ 0 |
| Kinsta (annual) 25 | € 0 | $ 0 |
| Total | € 0 | $ 0 |
| Previous Month | € 17 | $ 18 |
📚 Books
| Only The Paranoid Survive | € 5 | $ 5 |
| Total | € 5 | $ 5 |
| Previous Month | € 0 | $ 0 |
- See my book ratings and everything I’m currently reading over at Goodreads
🏦 Transaction Fees
| Transaction fees 26 | € 584 | $ 598 |
| Previous Month | € 611 | $ 638 |
💻 Office Expenses
| Skype credit | € 10 | $ 10 |
| Internet | € 9 | $ 9 |
| Total | € 18 | $ 19 |
| Previous Month | € 27 | $ 28 |
📋 Admin Expenses
| Total | € 0 | $ 0 |
| Previous Month | € 0 | $ 0 |
🎁 Gifts & Donations
| CAMFED 27 | € 205 | $ 210 |
| Student reviews giveaway winner (donate to CAMFED) | € 98 | $ 100 |
| Total | € 303 | $ 310 |
| Previous Month | € 96 | $ 100 |
🤷♂️ Miscellaneous Expenses
| Hustler’s University (review) | € 49 | $ 50 |
| Amazon Web Services (storage) 28 | € 19 | $ 19 |
| Click Wealth System (review) | € 9 | $ 9 |
| Total | € 76 | $ 78 |
| Previous Month | € 371 | $ 387 |
💸 Expense Summary
| Hired Help | € 2,248 | $ 2,299 |
| Transaction Fees | € 584 | $ 598 |
| Subscriptions | € 429 | $ 439 |
| Gifts & Donations | € 303 | $ 310 |
| Miscellaneous | € 76 | $ 78 |
| Office Expenses | € 18 | $ 19 |
| Books | € 5 | $ 5 |
| Hosting & Domains | € 0 | $ 0 |
| Admin Expenses | € 0 | $ 0 |
| Total Expenses | € 3,664 |
$ 3,747 |
| Previous Month | € 2,763 | $ 2,888 |
I was expecting to spend about $2,500 overall. So I underestimated by quite a bit.
😢 Biggest Regret?
Nothing significant.
🗓 2022 So Far
Here’s how I’m doing this 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 |
| Total | € 68,016 | $ 73,007 |
🔮 Outlook For August
I expect expenses to be around $3000.
Income should be about $15,000.
📲 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.
