Welcome to my monthly online income report for August 2020! Each month I share how much money I make on YouTube and other sources of online content creation! This is my side hustle: selling digital products and making videos about our personal finances on my YouTube channel.
Each month here on the blog I go into more detail about what I earned and learned from making money with this personal finance blog, my YouTube channel, and my Etsy shop. These are all things I started as a hobby making no more so it’s fun now to earn an income from them!
I like sharing real numbers to inspire myself and others who want to earn money online. I also value transparency which this report allows me to give my audience when they consume my content.
Growing my online income has helped me achieve financial goals like paying off debt faster! I have used all of my income from these endeavors to pay off debt and helped eliminate $43,000 in loans.
It’s been a lot of work in terms of a side hustle but I’ve enjoyed both earning income and helping people by sharing what we’ve done financially. Earning more money can sometimes be the key to succeeding financially and after having lots of job instability this year I know that it’s the key to my sanity. I never want to rely on just one income.
Online Income Report
Here are the main income sources broken down by what I earned for the month. I’ve included referral links to each if you want to join and make money too!
I’m reviewing my online income earned for the month of August 2020 from my YouTube and printables ventures! You can check out last month’s online income report here.
Advertising Income – $1,938.88
Affiliate Marketing Income – $377.11
Product Sales Income – $236.59
- Etsy Sales
- Website Sales
Other Sources – $66.26
Total Online Income: $2,618.75
This is the amount earned for the month before any fees, expenses, or taxes.
I don’t keep all of it it and at least 25% will be gone for taxes before it hits my bank account. I also won’t be paid all of it in the month it is earned since each source pays out at different times. I do these reports based on what I earned in a month versus what was received because it inspires me most to grow the income created.
Online Income Report Thoughts
Yet again I’ve earned well over $2,500! This is insane for me when I really only ever hoped to earn $600 a month to pay for my daughter’s daycare expenses.
I did earn less than last month when I earned $2,900 and it’s a good reminder that this does not only go up. I can make less money some months and potentially a lot less money if something goes wrong.
I’ve been diversifying with the income between both channels but I think I need to continue to diversify. I’d like to also increase my income sources to 6 full income sources. That means likley monetizing this website which I don’t currently do, and adding one more income source. I’d like to have multiple income sources so that if one drops or disappears it does not hurt me too much.
As I mentioned, I don’t keep all of the money earned each month. Besides paying taxes on that income I also have expenses to run this online business. There are multiple expenses I’m now paying for each month:
- Hosting (website hosting)
- Canva (for designing printables)
- Adobe (for designing printables)
- Cricut (for designing stickers and crafts)
- Etsy fees (for listing items)
- Shopify (for selling on my own website)
- Quickbooks (for bookkeeping & taxes)
All of these are minimal but they do add up so I still keep an eye on reducing expenses so that my income will keep growing.
I like to loook at what worked in terms of content each month so here are my most popular videos, posts, and products!
The most popular old videos on my channel was:
- 2 EASY Ways To Pay Your Mortgage Faster | Our Mortgage Payoff Balance & Monthly Statement
- Our House Price & Mortgage Details | First Time Home Buyers FHA Loan With Low Downpayment
- Why Having A Good Credit Score Matters
- DIY Tile Coaster Tutorial | How To Make Photo Coasters From Tiles | Frugal Gift Idea
- Etsy For Beginners | 4 Things I Wish I Knew Before Starting An Etsy Shop
The new videos I published included:
- August Monthly Budget & Paycheck Budget #1 | Paycheck To Paycheck Budgeting
- Big Debt Payoff Progress + Big Goals -$15,137 | Transfer Tuesday Debt Payoff Progress & Motivation
- Hitting Multiple Financial Goals | Transfer Tuesday Debt Free Journey Progress
- Debt Payoff Motivation, Progress & New Payoff Charts – $16,996 | Transfer Tuesday
The new content I published on my website was:
- Nothing! I did not publish any new content on the website.
Clearly I’ve slacked off on new content creation this month. I mostly did my weekly Transfer Tuesday videos and did not add any new content to the website.
Recommended Online Biz Resources
As my income continues to grow I want to share some of the resources and products I use to make it happen. These will include affiliate links where applicable but I love recommending them because I personally use them all myself!
TubeBuddy – Before using this tool I manually did so much work but now I’m able to bulk edit videos, research keywords for SEO and set up all my videos for long term success. TubeBuddy has been the best tool I’ve used for managing and growing my YouTube account. It’s got multiple price level plans so you can grow as your channel grows. Try out TubeBuddy for free.
Canva – Canva is one of the best free editing programs where you can create a digital products and the paid version is even better with bonus features that help take your work to the next level. I use it for creating all my Youtube thumbnails, my social media posts and my digital products! Try creating with Canva.
Tailwind is the tool I’m using to grow my account and reach on Pinterest. Bringing in consistent traffic from Pinterest boosts any business and Tailwind allows me to schedule content and get results without spending all my time there. It also automatically pins at the best time for engagement and reach for major traffic growth. Get a free trial of Tailwind here.
Why Share An Online Income Report
I’m sharing my online income reports as a YouTuber, digital product creator, and blogger to show people that it is possible to make money online in a non-sleazy way that helps people.
Lots of people want to know how much small YouTube creators make with videos and if you can make money from a small audience online. Fellow YouTubers want to know how I make money with affiliate marketing and digital products not just ad revenue because they know it is hard to survive on YouTube ad income.
Income reports allow me to share what I’m doing with Etsy and YouTube while building my online income so other creators can benefit and it lets me be fully transparent with my audience about how much I am making.
It’s amazing that we can earn money creating and sharing content online.
Previous Online Income Reports
If you’re interested in past income reports, you can see all of them here:
As you can see from past income reports, my online income in the first few months of 2020 trended much higher than my income last year. The growth is not viral or explosive but it has moved up and is consistently over $2,00 each month.
I’ve been consistently earning $2,000 a month now which is far beyond my original goal of earning $600 per month with my YouTube channel.
I like sharing these numbers to show small YouTubers and other content creators what is possible without a huge audience. While that would be amazing, it is possible to still earn income as a small channel and blog.