May 2016 Self-Employment Income Report

Time flies. I can’t believe I’m already writing my fifth blogging income report.

Life has been crazy busy this year so I haven’t had the chance to grow my income as much as I had hoped.

However, I’ve been able to stay above my baseline goal of $3,000 of income each month with relative ease.

How did I do this month? Let’s find out. But first let’s take a look at something I learned from my self-employment this month.

Focusing On What’s Important Is Okay

This month I realized that life doesn’t have to be about earning as much money as possible every single month.

As long as we have enough money to meet our goals, it’s okay to spend time doing other things that need to be done or focusing on enjoying ourselves more.

While it’s okay to take some time to do what is needed, I do fully plan on trying to increase my income once we get to a point where I have a bit more time to focus on growing my business.

Unfortunately, it may be quite a while before that happens.

I love the flexibility that self-employment offers. When I want to work 100 hours a week I can, but if I need to focus on life I can just focus on what needs to get done in my business and then do what I need to do.

May 2016 Blogging Income – $4,275.12

Last month I made $4,275.12 through my online business efforts. Just like with the past months, I’ve made money a few different ways.

I made money through banner advertisements, affiliate income, sponsored content and freelance writing. Due to my busy schedule, I wasn’t able to track down as much sponsored content as in the last few months.

However, I was able to keep up with all of my freelance writing clients, which I think is super important. In fact, I make sure that I never miss a deadline.

Many freelance writers are flaky with deadlines, so being able to say I’ve never missed a deadline is a great thing.

I wasn’t able to spend as much time on social media this month, either, so my banner advertisements and affiliate income did drop a bit. However, I hope to be able to get back up to speed sometime this month or in July at the latest.

Want To Start Your Own Blog?

The key thing that eventually launched me into self employment was this blog. You can start your own blog today to get started on your own journey. 

If you do start a blog, make sure you get a self-hosted WordPress blog. I personally did this and it was key to being able to accept my first advertisement worth hundreds of dollars just a few months after I started blogging.

I wouldn’t have been able to sell that ad or any other sponsored content if I was on a free blogging platform. If I hadn’t gotten that first ad deal, I probably wouldn’t have gotten hooked on blogging or turning it into a career.

If you want to get started on self-hosted WordPress, you can get hosting through Bluehost today.

Starting a blog can be overwhelming, but it will work itself out after a few weeks or months of consistent work. That’s why I suggest selecting a hosting package of one year to both save money and keep you motivated to keep blogging.

Next month’s income report should be interesting. I’m trying out a new form of freelance writing and I’ll be sure to let you know how it goes!

What questions do you have about making money online? Let me know in the comments!

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About Lance Cothern

Lance Cothern, a Certified Public Accountant (CPA) licensed in the Commonwealth of Virginia, is the founder of Money Manifesto. You can read more about him here or connect with him on Facebook, Twitter, Google+ or Pinterest.

Comments

  1. I’m curious as to the concentration of income among the largest affiliate payers. Bluehost seems like its the majority of many people’s payouts but I wonder if I’m missing something

    • I’ve actually only ever sold one bluehost account and that was a few months ago. I haven’t decided if I’m comfortable publishing numbers of each part of the business yet. Maybe once I am earning more money and my income streams are more diversified.

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