I’ve got a new income report to share – and it’s an exciting one!
This income report sets out all the extra money that I made in January from blogging and other side hustles, along with my thoughts and updates for the month.
You can see my previous income reports here.
What is this?
They say money is the last taboo. So why am I publishing my earnings?
Well, the Boost My Budget project has two purposes:
- To help me earn more money
- To help you earn more money!
By sharing honestly exactly how much I managed to make each month and where it came from, I hope my income reports will be a genuinely useful resource for anyone else looking to make a bit of extra cash.
Also, sharing my income helps me hold myself accountable and motivates me to increase that figure each month!
I hope that seeing how a normal person like me with a full time job is managing to make a bit of extra money on the side will encourage you to do the same. I probably never would have got started without some other bloggers’ income reports out there showing me what is possible.
Anyway, without further ado, let’s see how I did this month trying to make extra money from home!
My extra income in January 2018
January 2018 was another record-breaking month for me! It was not quite a typical month, as you will see, but I’m over the moon. The grand total of my extra income from last month is £2,582.53.
Please note, this report only includes the money that was paid into my account in January. I don’t count my earnings until they hit my bank account, because some companies take several months to pay, or refunds happen and I like to know exactly how much I’ve got to play with.
Here’s the breakdown of how I made it:
Paid content: £1,170.00
For the second month, the biggest chunk of income of my income comes from sponsored posts on my blogs. If you are looking to add sponsored posts to your blog, this site is a great starting place.
Competition winnings: £714.86
I told you this wasn’t a typical month! In January I won an affiliate competition for referring the most people to a free course. I was so surprised because I wasn’t actively trying to win the competition. I simply shared my referral link on Pinterest using the techniques I learned in this book. At first I wasn’t sure if I should include the prize money in my income report since it’s not regular earnings, but then I decided that I earned it as a direct result of my side hustling and Pinterest marketing efforts over the past few months, so why not? 🙂
Affiliate income: £513.24
Affiliate earnings are when somebody purchases a product or service that I recommend, and I earn a small commission. I use affiliate links across my two blogs (Boost My Budget and my second blog on language learning 🙂 ) and on Pinterest. I am pleased to see my affiliate income increase each month, because I think it can be a reliable source of long term income. This month my payments came from programs that I mostly promote on my blogs. I missed the payment threshold on the main network I use on Pinterest by a few pounds, so I will get that money next month. Here’s the breakdown:
- Clickbank (promoted on my language blog): £167.25
- Innovative Language Learning (language blog): £131.78
- Profit Accumulator (Boost My Budget): £104.55
- MaxBounty (mostly survey referrals on Boost My Budget): £75.48
- Make Your First Sale in 24 Hours ebook (Boost My Budget): £21.14
- Skimlinks (Boost My Budget): £13.04
Merch by Amazon: £101.57
Merch by Amazon is Amazon’s own print on demand service that lets you design T-shirts and other gear to sell. This represents the payment for sales I made in December. December was just my second month on Merch and I only had 10 products live, so I am excited to see how I can build on this in future!
I added display advertising to Boost My Budget in September 2017, and in January I received my first payout. I’m averaging about $1 per day so I’m not going to retire on this anytime soon, but at least it’s passive income!
Citizenme is an app that pays you to answer very short, easy surveys on your smartphone.
Note: some of the above payments were in USD, but for ease of reporting, I converted everything to GBP using the exchange rate on the day I wrote this post.
I am so excited about my January income. This month I officially made more through side hustling than I did in my day job! This is a real milestone for me. 🙂
It was interesting for me to look back at last January’s income report and see how my side hustles have changed. Most of my income comes from blogging now. This time last year I had been blogging for a couple of months but hadn’t made any money from it.
I am most excited to see my affiliate income continue to grow. Although it doesn’t yet make up the biggest part of my earnings, I think affiliate marketing has the potential to be my most consistent and reliable source of income. I received affiliate payments this month from five different networks and it is just awesome to have all these little paydays throughout the month!
On the down side, I did start to feel quite burned out in January. I completely lost my mojo for writing and I found it really hard to spend much time on my blogs. Luckily I got some great sponsored content and guest posts to keep my site updated when I couldn’t write anything myself. However, I would like to produce more of my own content next month.
I’ve also come to realise that I take on way too many projects and I really need to focus on one thing at a time to stop burnout! I’ve decided to work on batching and scheduling ahead so that I can take breaks when I need to.
Now that I’ve finally started to make great money online, I don’t want to lose momentum!
January goal review
Last month I set myself just 2 goals:
- Make 5 custom affiliate pins each day – yes, I stuck to this goal and I saw a huge boost in my Pinterest affiliate marketing earnings this month! Custom, unique pins really perform a lot better than plain product images so I recommend you give it a try.
- Upload 2 new designs to Merch by Amazon each day – no, unfortunately I could not keep up with this, but I did upload a total of 43 new designs in January.
As I mentioned above, I want to try and get ahead this month. I also want to continue to focus on Pinterest, because this is the project where I’m seeing the most growth!
- Get my Pinterest Tailwind queue scheduled for at least one month in advance
- Publish 4 new posts on Boost My Budget
Please check back next month and see how I do.
Any questions or comments? Ask me below!
Hope you are having a fabulous February so far!