Income Report

I started this blog shortly after realizing that working from 9-6 (not 9-5) was not for me.  In doing so, I knew I had to generate enough income to satisfy my families expenses, while also having the potential to go beyond that.  This is the American Dream, is it not?  I started work on the site in early 2017, so there was no income, only expenses including domain, hosting, and necessary maintenance like a theme (which has changed several times).

Advice You Should Hear But No Other Blogger Tells You

Below you’ll see general ideas and strategies, like Starting a Blog and Utilizing Affiliate Marketing, and how using our exclusive coupon from BlueHost will put you on the path to possibly getting a blog business rolling.  However, a word of warning, no blogger will give you their direct strategy on how to acquire your business, click through to affiliate/referral link.

Here’s an example:  “Is this income report a part of our strategy to get a referral?”  Absolutely.  Have others used this strategy without telling you it’s a part of their strategy to get clicks and referrals? Probably.  Just by letting you know this, we think we are giving you practical advice and realistic expectations.  The numbers below are not exaggerated, they are estimated but close to what we make, we’ll let you know expenses and our NET Income.

March 2018

It took several months, but we are starting to see several revenue streams for MoneyHax, along with side gig as an affiliate marketing consultant settle in.  If you start a blog be sure to make it primarily as a side gig first.  You’ll find that several blogs are making it big (earning $100K+ a month), but it took them years to get to that level.   Here’s the breakdown in March:

  • Sponsored Posts ~ 20%
  • Affiliate Marketing Revenue ~ 5%
  • Affiliate Marketing Consulting ~ 75%

March 2018 Income: $5000

Sponsored posts, or sometimes labeled as Guest Posts are a great source of revenue for MoneyHax.  It’s another form of advertising but through content and linking.  Once you’ve reached a Domain Authority (respect level on SEO and Google), you’ll have many people reach out to you for guest posts.  You can be selective if they can’t pay you.  Guest Posts enable a website to link building, which is a key factor in driving more traffic to a website.

Affiliate Marketing, although a strong suit of mine, is still very early in development.  One of the more difficult approaches when it comes to monetization because the only way for revenue to be produced is if someone clicks on a link, buys, or in some cases, tries a product through my content pieces. Sponsored posts are a much easier way to form revenue, but affiliate marketing is still one of my main focuses here.  Why?  Because it’s a great way to build partnerships with brands and services.  Blogs that claim most of their income through this source is likely an active advertiser or One to Two affiliate products.  Consider this a great piece of info should you start a blog.  Focus on your strong suits…focus on your specific brands you can maximize revenue and create great content!

Finally, there’s affiliate marketing consulting, the leading source of income.  A passion of mine for several years as I have grown into the industry as a respected professional and already have connections and partnerships that enable me to build.  Affiliate Marketing is a niche marketing aspect that few professionals genuinely understand.  I plan on growing this aspect through a learning course or ebook over time.  How I generate income, is through my consulting gig, I work with the client(s) to maximize their revenue through affiliate marketing.  Though I cannot tell whom I work for, it’s always a pleasure growing these companies through my resources.

Expenses

If you have operated a small business before, you already know how vital expenses are.  It’s not a bad thing spending money, including money of expenditures ON your business.  By doing so, you’ll decrease your tax burden by utilizing write-offs.  Often misunderstood, Write-Offs are mostly ways to reduce revenue so that you won’t be taxed on it.

For example:  Taking into account how Hosting Costs Approximately $100 Per Year and we’ve produced $5000 in income, you can tell the IRS by providing your receipt that you’ve made $4900, thus reducing your tax burden

We can expand on this further, but I can say approximately 20% of whatever MoneyHax makes will be put back into the website for not only growth but tax purposes!

Goals

The goal is pretty clear.  Make enough money through blogging than consulting.  We’re not there, not even close.  But I continue to follow the trends of other likeminded sites and continue to grind. Also, this page, the income report page, was a strategy to help produce more traffic.  It’s making yourself more visible, more vulnerable, but perhaps a newer way to form followers (and friends).

It was just the fact that I got started that helped pave the way! Use our Exclusive BlueHost Coupon

April 2018

It was a little slower of a month for MoneyHax.  Not as many sponsored posts, but consulting gig is still a reliable source of income for now.  Affiliate referrals are starting to grow, and we’ve introduced a new category for those interested: “Hack Affiliate Marketing.”  Tried setting this as a paid category but found it to be too intrusive to Google Search and SEO, so I unrestricted the content for everyone! (Yay)

  • Sponsored Posts ~ 20%
  • Affiliate Marketing Revenue ~ 5%
  • Affiliate Marketing Consulting ~ 75%

April 2018 Income: $4800

Expenses

I limited my costs this month due to a lessened net revenue the blog produced.  Investing in tools like SEMrush and Ahrefs are still a priority!

Goals

The goal remains to be clear, even though it was more of a down month for the blog, you have to steer forward and keep goals intact.  The goal remains to be:  Make More money from the blog than consulting!  If I had a number $10,000 Per Month would be in the right direction.

It was just the fact that I got started that helped pave the way! Use our Exclusive BlueHost Coupon

See you next month!