Let’s jump right in with this March 2019 income report! I’m super excited to share with you guys what’s been going on with me lately.
What’s Up With These Income Reports, Anyway?
Ever since my very first month in business (I made a whopping $87), I’ve been sharing my income and expenses for each month, in order to give other online entrepreneurs a good baseline of what a real business looks like during its start-up phase.
My goal with these posts is to give you guys a super realistic look into what type of income and expenses you can expect from being a “girl next door” type of online entrepreneur who isn’t making 6-7 figures each month (yet!).
Let’s do this!
March 2019 Income Report: An Overview
March went by so unbelievably fast. Like, I can’t even believe it’s April (and we’re almost halfway through this month, too!).
This is my busy season and it’s kicking my butt. But in a good way! I’ve been super busy helping my clients launch and finishing up completion on all the goals I set for myself to achieve in Q1 of 2019.
I’m a little annoyed that I didn’t complete every single goal I’d set for myself. Although I did really good on my March-specific goals (see below!), I didn’t quite hit all my quarterly goals. The main thing that I didn’t get done was creating all the content I wanted to. I was hoping to knock out all the newsletter and blog post content I would need for the first 6 months of the year, but it just didn’t happen. That being said, I did finish all of Q1’s content and didn’t get behind on that, so that’s something!
Personally, I don’t tend to get too down on myself for not achieving those goals. Especially since we unexpectedly decided to sell our house in the middle of all of this! I did not see that coming and it definitely took up a ton of the free time I would’ve had if we hadn’t done that.
Mostly, I’m just looking forward to Q2! I created a new goal tracker for my 3 big goals for Quarter 2 and I’m really excited to kick the butts of those new goals.
A Few Highlights:
- Brent quit his job! — We’re both now officially employed full-time by the business! It’s super cool to be able to say that I put my husband through college and bought him out so that now the business is giving us both a full-time income!
- We lost one of our online business managers — Our long-time online business manager ended up having to quit because she got an amazing offer for a full-time job. I’m so proud of and excited for her! At the same time, though, it was really sad because she was such a big part of the Miranda Nahmias & Co. family. The team is going to miss her a lot!
Business Goal Setting
My Goals For March 2019: Success or Failure?
- Reduce the number of hourly clients I have — SUCCESS! Last month, I had an “ah hah” moment that I wanted to stop working with so many hourly clients and focus instead on doing more for my higher-end clients and increasing sales of my social media packages. This has worked really well so far! I was able to offboard a few of those hourly clients and am slowly reducing my workload in that area.
- Still hit $8k+ with hourly client work — SUCCESS! I was convinced that this wasn’t going to happen because of that reduced client load, but I more than surpassed my goal!
- Start running Facebook ads for my Perfect Pinterest Package — SUCCESS! I finally got these up and running, just in time to meet my Q1 goal of getting this new funnel all set up! So far they are performing even better than expected!
- Send out 2 Monday newsletters + write 3 blog posts — SUCCESS! I did send out 2 Monday newsletters (I’m working on increasing my newsletters to 2x per week instead of just 1x per week). And I also did a handful of blog posts.
- Add 2+ new things to my Systemize + Scale program — SUCCESS! I added 2 new templates to the Systems + Templates library.
My Goals for April 2019 — Let’s Do This!
- Set up 3 new Facebook ad campaigns for my upcoming launch.
- Hit $8k+ of hourly client income.
- Get 1 new sales funnel client.
- Make 3+ sales from my Pinterest Facebook ad.
- Start doing 2 Facebook Lives per month instead of only 1.
March 2019 Expenses
- Ads & Marketing = $5.52
- Team Member Payments = $7,267.62
- Books & Courses = $97.00
- Transaction Fees = $560.89
- Gifts = $178.91
- Office Supplies= $66.99
- Referral Payouts = $82.40
- Postage Fee = $4.54
- Teachable* = $39.00
- Active Campaign* = $70.00
- PennyPipe = $9.95
- RecurPost* = $10.70
- Adobe Creative Cloud = $21.39
- ClickFunnels* = $297.00
- Quickbooks* = $71.69
- Zapier = $50.00
- ManyChat = $10.00
- Planoly* = $99.00
- DeadlineFunnel* = $60.26
- Deposit Photos* = $29.00
- Stock Gallery = $19.00
- Click Mode = $2.72
- Temi = $17.50
- Rev =$49.00
- Elementor = $99.50
- Backblaze = $60.00
- Astra Agency = $199.20
- Templana = $10.00
- Grammarly = $139.95
- Kapwing Pro = $20.00
- DropBox = $99.00
Total Expenses = $9,598.58
March 2019 Income Report
- Interest Earned = $0.64
- Affiliate Income = $616.40
- Passive Income Products + Coaching = $876.00
- Done-for-You Social Media Packages = $8,737.00
- Hourly Client Work = $11,733.00
Total Income = $21,140.34
Total Net Profit = $11,541.76
March 2019 Income Report: All the Stats & Analytics!
- Number of blog posts = 3
- Monthly blog page views = 10,077
- Email list subscribers = 7,043
- Facebook page followers = 1,261
- Grow Like Woah group members = 2,414
- Instagram followers = 10.7K
- Twitter followers = 7,079
- Pinterest followers = 17,726
- YouTube subscribers = 140
Final Notes on My March 2019 Income Report:
Overall, as you can see, it was a GREAT month. The revenue doesn’t lie!
It’s still hard not to be upset that I didn’t achieve some of the quarterly goals that I wanted to (especially since I started out so gung-ho about them at the beginning of the year). But considering the circumstances it’s totally understandable and I need to forgive myself for that and move on.
It was especially exciting to have my second-ever $20k month! Part of me thought that hitting $20k in January was nothing but a fluke….but it wasn’t! I think I’ve proven that to myself.
I always feel like that every time I hit a new monetary goal. But before I know it, that new number becomes “normal” and I start to set my sights on something even higher. Here we come, $25k!!
Seeing us hit that number again was just a big boost to my confidence. At the end of last year, I had set this seemingly unachievable goal of doubling last year’s revenue goal for the 4th year in a row, and making a total of at least $300k.
Although we’re not quite on track to hit that (right now it’s looking like it will be more like $250k), we’re doing way better than I thought we would. It’s also a great feeling that if we can continue to hit $20k+ every month, we’re just that much closer to hitting that crazy goal!
