July 2020 Side Hustle & Business Income Report
Each month I publish a YouTube and blog Income Report showing you how much money I made in my business as well as some lessons learned that contributed to that success and outcome.
My goal is to be transparent with you, show you the ups and downs as well as inspire you to hopefully build your own YouTube channel and/or blog.
Side hustle income is a large part of the financial success we’ve enjoyed over the last couple of years. We’ve paid off debt, cash flowed our wedding and new-to-me car and saved a down payment on our first home. Without a side hustle, all of those wins wouldn’t have been possible.
JULY YOUTUBE CHANNEL EARNINGS $3,169.65
July was a record-breaking month for my business. I changed my monthly revenue goal from $2,0000 to $5,000. I believe in the psychology of making stretch goals and it worked! I finally broke the $2,000 income range!
In July I hit $10,000 in revenue for 2020 so far. Check out this video here for the full breakdown.
My July Side Hustles from largest to smallest:
Here is how I made $3,169.65 this month.
Dividends: $6.88
As you can see, my dividends are low for the month of July, but honestly, I’m excited to see this!
Investing in Dividend Stocks through M1 Finance and Robinhood are an incredible way to make passive income in the long run. Most dividends are paid quarterly so receiving a few monthly dividends is an unexpected surprise. I am growing my portfolio by $500-$1,000 every month.
Coaching: $26.72
I do one-on-one coaching for budget coaching as well as YouTube coaching using the platform Clarity. I love that the clients can schedule a time and only charged per minute that we are talking.
Patreon: $36.60
Patreon is a monthly subscription to help support your favorite creators. On Patreon you will find exclusive videos, like Budget Report Cards, personal videos, behind the scenes, live streams as well as all of my budget templates and printables.
Some of my Patreon Posts this month were:
EARLY ACCESS! How To Save Money Around The House in 2020 – Frugal Hacks to Save Hundreds
JULY MID-MONTH 2020 Budget Report Card *EXCLUSIVE VIDEO FOR PATREON*
EARLY ACCESS! 10 Things I Don’t Buy – Saving Money & Minimalism
Vlog 4th of July 2020 at the Lake House
2 Week ALDI Grocery Haul for $79.18
Credit Card Debt Payoff Tracker Printable | Credit Card Payoff Payoff Tracker PDF | 2 Option
Money Saving Challenge Printable | Save $1000 in 30 Days
Car Loan Payoff Tracker Printable
JUNE 2020 Budget Report Card EXCLUSIVE VIDEO FOR PATREON
Digital Products: $73.41
On my website, I’m now selling Monthly Excel Budget Templates and Spending Analysis Templates that work in Google Sheets! Soon all of my templates will be available in Excel and Google Sheets.
The templates available in my shop are:
• Monthly Excel Budget Template
• Grocery, Meal Plan & Inventory Printables – 15 Pages
• $1,000 Emergency Fund Tracker
• Save $1,000 in 30 Days Printable
• 6 Month Emergency Fund Printable
• Mortgage Debt Tracker Printable
• Homebrew Savings Challenge Printable
Course Sales: $192.55
My course How To Save Money On Groceries Course has finally launched and is on SALE!
This course will help you maintain a healthy lifestyle, stop food waste, and give you tips and tricks to harness your best grocery life. You’ll save money, learn how to spend wisely, and, most importantly, you’ll learn how to lower your food cost so you can spend on the things that bring you joy!
Use code GROCERIES15 for $15 off!
YouTube Ads: $432.35
Due to the pandemic ad rates are at an all-time low, this was the lowest my channel has made in years. I am determined to not let it phase me, to continue to put in the work, and make quality content.
My videos this month were:
How To Save Money Around The House in 2020 – Frugal Hacks to Save Hundreds
10 Things I Don’t Buy in 2020 – Saving Money & Minimalism
How To Enter a CODE in FETCH REWARDS!
BEST Apps for Managing Your MONEY in 2020
Reset Your Year With A Mid-Year Goals Check In
How I Made $10,000 Online – Passive Income Strategies
5 Financial Goals That I Have Achieved in my 30s (So Far!)
Buy EXPENSIVE STOCKS Now Using Fractional Shares on Robinhood
9 Tips to Make Meal Planning Successful
Kelly Anne Smith – Freedom In A Budget YouTube Analytics/ YouTube Income Report
Sponsorship: $1,000.00
Brand sponsorships are a great way to increase your income as well as tell your audience about amazing brands and companies! I am extremely particular about what companies I work with and always fully vet those companies before accepting a sponsorship.
Affiliate Marketing: $1,401.14
If affiliate marketing is something you are looking to get into, I recommend taking the course Making Sense of Affiliate Marketing. Michelle digs into the best way to promote brands that you know, like, and trust and well as all of the legal elements of affiliate marketing. I’ll be honest, there was way more things that you need to be aware of and do to be FTC compliant than I expected. The course breaks it all down for you.
Second is to join an affiliate network, I have two main ones that I go through Aragon Premium and Flex Offers. These two networks offer thousands of brands combined that you can work with. Everything is in one convenient place, you can search for the brands, apply right there, get affiliate links, track clicks, and your payouts all in one place! Aragon Premium and Flex Offers are my go-to!
Goals for August:
Start working on merch designs
Upload at least 8 new videos in July
Publish at least 10 new blog posts in July
Increase course sales to $500
Complete 1k1Day course
Read to Free To Focus by Michael Hyatt and Building a StoryBrand by Donald Miller.
VIDEO IDEAS PLANNED FOR MONTH OF JULY
Surviving a recession. What to do if your income drops.
How to pay extra towards your mortgage
Savings and investing accounts we use
What stocks I’m buying in the market crash
Stocks to buy and hold forever
Goals for August:
Start working on merch designs
Upload at least 8 new videos in July
Publish at least 10 new blog posts in July
Increase course sales to $500
Complete 1k1Day course
Read to Free To Focus by Michael Hyatt and Building a StoryBrand by Donald Miller.
VIDEO IDEAS PLANNED FOR MONTH OF AUGUST
Surviving a recession. What to do if your income drops.
Savings and investing accounts we use
What stocks I’m buying in the market crash
How to pay extra towards your mortgage
When to start investing
Stocks to buy and hold forever
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