Monthly Profit Report May 2020
Here’s my Monthly Profit Report
Income
Digital Marketing Summit 2.0 Attendees: 9 @ $97 = $873 affiliate payout $392 = $481
Upsell Workbook: 3 @ $47 = $141, Workbooks sold with funnel: 1 $47
Total income: $669
Expenses
Podia $39, Flodesk: $19/month, Lawyer Fee: $875, Bookkeeping/Quickbooks fee: $50
Total Expenses: $983
Total Profit: -$314
A negative profit isn’t really what you want to see when you are just starting out, but this is the reality of business. It costs a lot of money to start a business. I know that, and that’s why this negative doesn’t bother me too much. I’m just starting out, and I’m doing it correctly, which means spending some money to get the legalities and the money part right from the beginning.
May is also our busiest month in our other business, so the time I have to spend on my new business was less. The beauty of running an online business is the expenses can stay relatively low. I have a few exciting income producing projects in the works and I’m looking forward to sharing them!
A few income producing products or services I am offering can be found Here and Here.