These are my online business finances for May 2023.
I spent most of the month in Andorra 🇦🇩 and made trips to Ireland 🇮🇪 and 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 | € 20,008 | $ 21,315 |
| Total Business Expenses | € 5,423 | $ 5,777 |
| Profit | € 14,585 | $ 15,538 |
🤑 INCOME
| Affiliate income (see below) | € 20,006 | $ 21,312 |
| Book sales (via Amazon) | € 3 | $ 3 |
| Total Income | € 20,008 |
$ 21,315 |
| Previous Month | € 24,787 | $ 27,345 |
I was expecting my income to be around $20k for the month. Did a little better than that.
👍 Affiliate Income
Affiliate payments in May 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 1 | € 3,813 | $ 4,063 |
| Previous Month | € 4,904 | $ 5,410 |
📆 Subscriptions
| Virtual Post Mail (monthly) 2 | € 14 | $ 15 |
| EasyCron (annual) | € 11 | $ 12 |
| YouTube Premium (monthly) 3 | € 11 | $ 12 |
| Adobe Photoshop (monthly) | € 9 | $ 10 |
| Copycall (monthly) 4 | € 8 | $ 8 |
| Total | € 54 | $ 57 |
| Previous Month | € 617 | $ 681 |
🤓 Hosting & Domains
| Dreamhost 5 | € 14 | $ 15 |
| Kinsta (annual) 6 | € 0 | $ 0 |
| Total | € 14 | $ 15 |
| Previous Month | € 174 | $ 192 |
📚 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 7 | € 869 | $ 926 |
| Previous Month | € 892 | $ 984 |
💻 Office Expenses
| Internet | € 43 | $ 45 |
| Cellphone service | € 35 | $ 38 |
| Coworking day pass | € 27 | $ 29 |
| Total | € 105 | $ 112 |
| Previous Month | € 468 | $ 517 |
📋 Admin Expenses
| USA LLC renewal | € 117 | $ 125 |
| Bank fee | € 22 | $ 23 |
| Total | € 139 | $ 148 |
| Previous Month | € 453 | $ 500 |
🎁 Courses
| Chat Money System (review) | € 91 | $ 97 |
| Startup Society (review) | € 46 | $ 49 |
| Bullish Bears (review) | € 44 | $ 47 |
| Publishing For Profits | € 27 | $ 29 |
| Total | € 208 | $ 222 |
| Previous Month | n/a | n/a |
🎁 Gifts & Donations
| Student reviews giveaway winner (April) | € 94 | $ 100 |
| Total | € 94 | $ 100 |
| Previous Month | € 449 | $ 495 |
🤷♂️ Miscellaneous Expenses
| Airport parking (London business trip) | € 71 | $ 75 |
| Amazon Web Services (storage) 8 | € 42 | $ 44 |
| Stay desktop app | € 14 | $ 15 |
| Total | € 126 | $ 135 |
| Previous Month | € 121 | $ 134 |
💸 Expense Summary
| Hired Help | € 3,813 | $ 4,063 |
| Transaction Fees | € 869 | $ 926 |
| Courses | € 208 | $ 222 |
| Admin Expenses | € 139 | $ 148 |
| Miscellaneous | € 126 | $ 135 |
| Office Expenses | € 105 | $ 112 |
| Gifts & Donations | € 94 | $ 100 |
| Subscriptions | € 54 | $ 57 |
| Hosting & Domains | € 14 | $ 15 |
| Books | € 0 | $ 0 |
| Total Expenses | € 5,423 |
$ 5,777 |
| Previous Month | € 8,078 | $ 8,912 |
I expected to spend about $6,000 in May, wasn’t far off the mark.
🗓 2023 So Far…
Here’s how I’m doing this year in terms of profit and loss…
| January | € 13,840 | $ 15,027 |
| February | € 12,403 | $ 13,150 |
| March | € 19,356 | $ 21,045 |
| April | € 16,708 | $ 18,433 |
| May | € 14,585 | $ 15,538 |
| Total | € 76,892 | $ 83,193 |
🔮 Outlook For June
Expenses will be about $7,000.
I expect income to be around $24,000.
📲 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.
