March comes in like a lion and goes out like a lamb.
I still remember that quote from when I was in grade school. And honestly from a financial perspective March was exactly that for me.
By day 10 I had already hit my monthly goal. Say wha???
By the end of the month I had brought in over $15,000 in cash from coaching, consulting, and passive income.
I’m going to share with you exactly how I did it.
More about that later.
(This post contains partner links)
We were chatting in the Actionista Mastermind group (where I hang out with my entrepreneurial friends) and talking about affiliate income.
I shared a link to a training that I did about earning affiliate income.
And then I started thinking maybe I should actually share where my passive affiliate income comes from.
I asked a few friends and they said they find income reports motivating.
So each month I will share where I earn my passive income.
Welcome to March’s Passive Income Report, where I show you how I earned extra income online in the previous month.
This is not a reporting of every dollar I earn online.
I also earn from consulting private clients, coaching clients 1:1 and in group settings, live events, courses, speaking, webinars and workshops.
But this is simply going to be a passive income report. It will include affiliate income and income from display ads.
The idea is to track and measure this so I can find ways to increase this income. My goal is to generate $4,000 per month from affiliate income.
It’s definitely possible.
If you would have told me a few years ago that I would be working for myself, and earning thousands each month with my own business, I probably would have not believed you.
But that is what life is like right now.
And it all started with creating a blog and making my first dollar as an affiliate.
If you’d like to learn the strategies that I use to earn affiliate income, then you should grab this free video training.
And if you’re ready to start a money making blog, get this video training.
Here we go!
March 2017 Passive Income Report – $1,778.04
Wealthfront – $200
Motif Investing – $90
Acuity Scheduling – $5
SendOwl – $1.80
Betterment – $0
Genesis Theme – $0
Financially Preparing to Be Your Own Boss Course – $0
Smaller passive income products and affiliates – $71
Google Adsense – $53.40
YouTube Adsense – $23.49 (Watch my latest videos on YouTube)
Amazon Affiliates – $0
I’m also an affiliate for several more programs. I’ve decided to add those when I earn something from them. Then I’ll leave them there whether I earn something that month or not.
What Changed in March
What changed this month.
At the end of February I looked at my income and I wasn’t exactly excited with what I saw. I was making almost exactly what I had made the year before around that time.
I knew that something had to be done. So I turned up the heat and booked 4 new clients in the first 10 days. I also got really clear on what I ultimately want my business to look like. My passive income goals are twice as high now to reduce the efforts from my active income.
I created a new webinar to show how I earned $51,526 from coaching and consulting in 2016. If you’d like to check it out you can go here.
I also haven’t been sending emails as consistently as I should. Honestly email is the marketers secret weapon. And if you can grow your email list of engaged subscribers that trust you (because you provide value), then you can grow a decent income.
I think that’s why some of the programs show zero income this month. But at the same time, I’m working on a system that will bring consistency to several of these programs. Right now I’m testing some Facebook ads on the Young Finances page. If I can get those to work, then I will see more consistent income for some of the financial programs.
What I’m Currently Engrossed In
Every now and then I go on a low information diet. This is me taking a step back and avoiding any new information that could take me off course. But then, when I’m ready, I go into binge mode and start learning everything I can about a new topic.
Right now I’m getting back into implementation, my husband is helping me redo my messaging so it’s in line with my exact audience. And that means that I am not creating as much content for marketing purposes.
Fortunately, I have systems that bring clients to me so I don’t always have to be on the hunt.
But I’m also looking for ways to ramp up my affiliate income with the marketing programs I’m a member of. I started this affiliate bootcamp which sends a lesson each day on how to retire in 100 days as an affiliate.
2016 was an amazing year for my business. In October of 2015, I made the decision to go full speed, I hired a mentor and I worked my butt off. I implemented systems, created trainings, and grew my audience (love you guys!).
I know that step was the best thing I could have done for my business.
Now I’m looking towards 2017 and planning an even bigger year.
I have a challenge in the works, a new course, more YouTube videos, and several collaborations that I’m pretty excited about. The best way to keep up to date with everything that is happening is to become an Actionista. You can do that by clicking here and getting on my private list.
- Earn $120,000 from my business in 2017.
- Impact the lives of 100 entrepreneurs and help them earn more with a sustainable business.
- Increase affiliate income to $4,000 per month
- Grow my private Facebook community to 5,000 members
- Grow my email list to 15,000 subscribers
Now that Q1 is over I thought it would make sense to check in on these goals.
- Earn $120,000 from my business in 2017. So far I’m 21% of the way there.
- Impact the lives of 100 entrepreneurs and help them earn more with a sustainable business. This year I’ve worked with 12 clients so far.
- Increase affiliate income to $4,000 per month. Getting closer but I don’t like how some of the sources are not consistent.
- Grow my private Facebook community to 5,000 members. To date the Actionista Mastermind has 1,378 members
- Grow my email list to 15,000 subscribers. Currently sitting at 6,367 contacts.
What are your goals for this coming year? Does it include earning more money on the side? Or maybe you want to take your business full time?
Let’s chat about it in the Actionista Mastermind.