Welcome to the first Money Manifesto income report of 2018 where I spill the beans on how much money I made online.
I hope to accomplish two things every month when I sit down and write these reports.
The first is to inspire others to take control of their income and start their dream business.
I started this blog after being inspired by other bloggers, so hopefully I can repay the favor to future bloggers.
Second, I use these reports to keep myself accountable to my monthly income goals.
Without you reading these reports, I’d feel less pressure to hit or exceed my income goals each month.
Before we get into how much money I made, let’s take a look at what I learned in January 2018.
What I Learned From Self-Employment This Month
Self-employment is rarely a smooth road, but it provides you with plenty of opportunities if you’re willing to ask for them.
January was a weird month for my business, but by the end of the month I felt like I my business was in a much better place. Here’s why.
A major part of my monthly income comes from offering freelance writing services to a handful of clients. While I could easily juggle a large number of clients, I instead focus on providing a handful of clients with great service.
It pays off for both myself and my clients, but in the worst case scenario it can lead to months where I’m not sure if I’m going to hit my income goals if something goes wrong.
In January, I found out one of my clients had to let me go for financial reasons, which was a major bummer, but I knew I’d pull through just fine.
Then, another client ended up going through a down period for the first few weeks of the month, leading to a perfect storm of no assignments from two clients and a lower potential income.
Thankfully, I decided to take control of my income and reorganize how I make money from freelance writing.
By mid-January I had secured more recurring work that paid even better than the client I had lost. I even had to turn down additional opportunities due to the new work I found.
My other client ended up handing out assignments in mid to late January and my income is now on track to be even higher on a regular basis.
If I had just sat around and had done nothing, my income would be lower this month. Instead, I ended up securing even more income for my future.
January Income Report – $4,167.91
My business managed to earn $4,167.91, exceeding my monthly $4,000 income goal, even with all of the moving parts that tried to disrupt my business in January.
Here are the major ways I earned income in the month of January.
I earn a substantial amount of money freelance writing for other blogs and companies, but it’s nice because the income is mostly stable.
Yes, sometimes weird things happen like I described above, but overall the income is pretty steady. I was able to pick up additional work even after losing a client, so going forward I’ll actually earn more from freelance writing than in the past which is awesome.
I never thought I’d be a freelance writer. One day, my first client emailed me out of the blue and asked if I’d write for their company’s blog. I figured I’d give it a shot and here I am years later earning thousands of dollars each month writing for others.
If you want to get started on your own freelance writing journey, you can skip learning many of the lessons I learned the hard way by taking Holly Johnson’s Earn More Writing course.
It teaches completely new freelance writers how to get started and it also has plenty of great nuggets of information for experienced freelance writers that can help you increase your income.
Traditional advertisements, like the banner ads and other display ads you see on this site, have grown to be my second largest source of income over the last few months.
I never thought this would be possible using my old ad providers. However, since I switched to Mediavine my advertisement income has skyrocketed.
In an ideal world, I wouldn’t need to run advertisements on my blog. That said, I feel most people are used to seeing them and would much rather see ads than have to pay a subscription fee to read Money Manifesto.
If you’re a blogger with 25,000 or more monthly sessions, I highly suggest you check them out.
Branded content, where a company pays me to insert their product or service into a post, isn’t something I seek out on a regular basis, but it does make me some recurring income.
Additionally, I take on new one-off branded content opportunities from time to time, too. Of course, I don’t accept branded content opportunities that clash with what I believe in.
For instance, you won’t see any branded content pieces promoting awful financial products that have no business in anyone’s financial life even though they ask for placements all the time.
I earn affiliate income when someone buys something or completes a task after clicking on a unique link that lets companies know I sent you to them.
For instance, if you sign up for service with Republic Wireless after clicking one of my affiliate links, I’ll get a small fee for sending you their way.
The best part is, you don’t pay a penny more and it helps support my work without charging readers directly.
I’ll be working on increasing my income from affiliate marketing at some point in 2018. I’ve done a little bit here and there so far, but nothing drastic.
I plan on taking Michelle’s Making Sense of Affiliate Marketing course which I’ve heard rave reviews about so hopefully that helps.
Nothing Is Stopping You From Creating Your Own Business Of Your Dreams
I hope my monthly income reports inspire you to take action to start working toward your dreams, especially if that involves starting a business.
If you want to follow in my footsteps and start a blog, I’ve put together this guide on how to start a self-hosted WordPress blog on SiteGround. Essentially, my guide shows you how to start a blog that gives you the best chance for success.
It will cost money to self-host your blog and purchase a domain name, but you’ll be in complete control and own everything which is super important.
A blog can help you with many forms of online businesses or be a business itself. It can even be a portfolio for writing samples, photography samples or any other type of work you’d like to showcase for potential customers to see.
If you have any questions about starting your own blog, please reach out and contact me.
Until next month’s report, let me know if you have any questions I can answer. I love hearing from readers.