Monthly Income Report – March 2014 – Income Suffers Big Drop, But There’s A Secret Reason I’m Still Smiling

Posted on 05. May, 2014 by in Archived Post, Income Reports

Hopefully, these income reports will help motivate and encourage you while you build your passive income streams. They show that you can recover from any pothole on the road to passive income success. Please note the monthly numbers have been adjusted to reflect ANY refunds and expenses thereby leaving only my net profit.

Let’s review March’s income:

Amazon Sales

As I mentioned in my last income report, the sale of my portable washer site and the long process of recovering from Amazon’s restriction of my selling privileges would have a big impact on March’s income report…and, sure enough, it did. Although, the sale of the site provided a bit of immediate cash infusion, the ongoing revenue received has been cutoff. Amazon commissions and Adsense earnings have come to a temporary halt. I do have other sites up and running, but none of them are earning at the moment even though they are now ranking for certain keywords. I still have not begun any SEO work on those sites, so I do not expect them to rank in the Top 10 for my keywords any time soon.

  • March 2014 Amazon Sales Revenue: $589 (down from last month – Amazon Total Sales – numbers rounded up to the nearest dollar)
  • March 2014 Total Cost/Expenses: $166 (down from last month – simply put, for now, this my cost for products, packaging, shipping, business-related purchases and any)
  • March 2014 Amazon Sales Net Profit: $423 (down from last month)

There were thirty-eight (38) total orders for the month of March, therefore:

Total Orders = 38 orders (down 16 from February 2014)
$423 (Total Net Profit)/ 38 orders = $11.13 per order (up from February 2014)

$423/380 minutes total (6.5hrs.) = $65.07 per hour (down from last month)

So, as you can clearly see, my income took a serious “beating” in March, but I’m in the recovery phase and expect to see it rise over the next two months or so.

I’ve teamed up with another “Mastermind” to begin developing a handful of niche sites for the purpose of flipping. We’ve completed the initial phase of our project (keyword research, purchased domain names, installed WordPress and plugins, added content) and will be moving on to the second phase of our project soon which entails backlinking. It’s definitely exciting, but involves a lot of hard work. Hope to have more updates available for you soon…..

Last Month Goals

  • $1,000 per month pure profit from Amazon – Incomplete This figure may need to be revised downward to fully meet realistic expectations
  • Increase the limit of my Capitol One secured credit card to $450 (ultimately, this will be raised to $2,000) as a part of my credit rebuilding program – IncompleteGetting close, though. Currently at $400.

April’s Goals

  • $500 per month pure profit from Amazon
  • Increase the limit of my Capitol One secured credit card to $450 (ultimately, this will be raised to $2,000)

Coming Down The Pipe

  • Complete more “MPIB Podcasts” and offer more “Keyword Research Packages”

Intermediate Goals (within the next two to five years)

  • Combined $10,000 per month from multiple income streams
  • Payoff $3600 negative item on credit report (use profit from income streams – need to determine how much per month to set aside)
  • $20,000 in the bank for a down payment on a house (use profit from income streams – need to determine how much per month to set aside)

Long Term Goals (within next five to ten years)

  • Buy a house
  • Become debt free
  • Payoff daughter’s college tuition
  • Buy my parents a house
  • Payoff mortgage for my father/mother-in-laws home
  • Begin charitable organization

One Response to “Monthly Income Report – March 2014 – Income Suffers Big Drop, But There’s A Secret Reason I’m Still Smiling”

  1. Tarence W.

    21. May, 2014

    A great plan indeed, as passive income will fund many great experiences. Thanks!

    Reply to this comment

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