Top Online Income Reports: 6-Figure a Month Online Businesses
You can learn a ton from an online business income report! I can see the puzzled look on your face. You’re thinking, Nache’, how are you able to see someones income report.
Several amazing online businesses post their income reports for FREE on their website to help their subscribers understand how they are generating income. By doing this they also prove that it is possible to support yourself with an online business. Since their reports are so popular, they are also able to promote their newsletter, products and affiliate links (genius!).
These online business owners have varied backgrounds, from podcasting to blogging. If you’re looking for income reports from another industry, Google something like, “income report for [INSERT YOUR INDUSTRY HERE].”
So how do I use income reports?
I look at what line items are grossing them steady income month after month. I also examine their expense section because we all know net and gross are two different things. Additionally, the reports also me a window into what they’ve decided to invest in, to include tools they value the most and staffing.
After studying several of these reports, I have determined that I want to focus on the following to generate money:
- Affiliate links – I’ve already started to sign up for affiliate programs for some of my favorite products and tools which you can find within my Resource Guides.
- Sponsors – Once the Studio 78 Podcast gains in popularity I will begin pitching sponsors.
- Courses – I’ve created a free course, Inbox Zero, to test the waters. I plan to create a paid course soon. In the mean time, I’ve decided to coaching a limited number of people on how to publish their passion online.
- Book – This usually doesn’t make a ton of money (unless you’re crazy popular), but it helps build credibility. I just need to buckle dawn and finish writing it.
What you can learn and should pay attention to:
- Expenses – This allows you to learn what it takes to run a 6-figure business: staffing, ads, software, etc.
- Web traffic – Learn how much traffic it really takes to make thousands of dollars a month.
- Affiliate marketing – Discover what ad networks and companies they prefer to work with and which ones bring in the most money.
- Sponsors – Learn how much money can be made with sponsored post or podcast episodes.
- Software – You’ll start to see a theme as you go through these reports. Go with the trusted software.
- Give back – Several of them give to charities. Learn why that’s important to them.
- Lessons learned – Don’t jump to the numbers read the entire report. They give some really good practical advice.
So let’s get to it. There are a ton of income reports out there, but I’ve chosen ones I trust.
Income Reports: smartpassiveincome.com/income-reports
Pat Flynn of the Smart Passive Income podcast was one of the first bloggers/podcasters to share an income report. He makes a ridiculous amount of money, but has worked hard over several years to become a leader in his industry.
When you initially see his income reports you’ll probably say to yourself, I’ll never make that much a month. Stop comparing yourself to others, instead look at the data and figure out what he’s doing to make money.
For example, he makes several thousand off of affiliate marketing. With the type of site I have I’m hoping to do the same thing by signing up for affiliate programs for some of my favorite products. So when people go to my guides and click a recommended product I can get paid. Of course I don’t have the amount of traffic he has so my income per month might be $100, but it’s a start.
Income Reports: eofire.com/income
John Lee Dumas’ Entrepreneur on Fire podcast was the second podcast I started listening to years ago. The first being Serial. I devoured his first 50 episodes in like a month trying to soak up everything I could from successful entrepreneurs. Several years ago he decided to create a podcast that would deliver content EVERYDAY, crazy, I know. That’s an insane amount of work, but it paid off. He is now one of the most successful business podcasters in the industry.
When you see his numbers your mouth will drop, but again, focus on the data. He recently launch a journal on Kickstarter and that generated a ton of revenue. It gives me hope that my book idea could possibly generate income. He also makes a ton of money off of affiliates (see a recurring theme).
Income Reports: melyssagriffin.com
I started following Melyssa Griffin last year. I discovered her on Twitter and fell in love with her content. She decided to post her income reports to help others grow their business online.
Melyssa makes a ton of money from course sales. Her courses mainly focus on social media strategy. As you’re looking at her income reports also pay attention to her branding, it’s really good. She does a great job of making sure you know what she’s about and what to expect from her courses.
What I learned from her is even though I’m providing brand coaching now I will eventually need to switch my focus to online courses. You can reach a larger audience and it frees up your time to work on other projects.
Income Reports: pinchofyum.com
Pinch of Yum is a food blog started years ago by a 4th grade teacher. She now does this full-time and couldn’t be happier. She serves two audiences, people looking for recipes and others who want to learn how to successfully become a food blogger.
She gives some amazing takeaways in her income report so others can learn from her. She also makes the majority of her money though affiliate links and the second highest through sponsors. While over there check out her recipes!
Income Reports: makingsenseofcents.com
I recently discovered this blog, so I’m not as familiar with it. According to the site, Michelle was able to pay off 40k of debt by the income made from Making Sense of Cents. The blog helps people pay off debt and save.
One thing I learned for her January 2017 report is that exposure is very important! Her awards and other mentions have helped her earn additional income.
Other Income Reports
- Just a Girl and Her Blog – Last income report was December 2016. They’ve chosen not to do them anymore, but you can learn from their past ones (3 years worth). Her blog focuses on home projects.
- XO Sarah – She doesn’t do monthly income reports, but the link will take you to an article she wrote about going from 3k per month to 12k. Her brand focuses on providing people with blog strategies.
Thoughts? Did I miss anyone?
*Images are screenshots taken from relevant sites.
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