Welcome to my monthly online income report for May 2020! Each month I share how much I make from my part time online content creation 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 from online endeavors like 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 May 2020 from my YouTube and printables ventures!
Advertising Income – $1,186.25
- YouTube Advertising Channel 1 – $877.36
- YouTube Advertising Channel 2 – $295.74
- Website Ads – $13.15
- Sponsored Content– $0.00
Affiliate Marketing Income – $591.92
- Shareasale – $4.54
- FlexOffers – $8.00
- Awin – $204.93
- Amazon – $138.00
- Impact Radius – $20.00
- Robinhoood – $216.45
Product Sales Income – $361.35
- Etsy Sales – $194.85
- Website Sales – $166.50
Other Sources – $46.33
- Patreon $46.33
Total Online Income: $2,185.85
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.
It was another great month for online income and total earned! This is the most money I’ve ever earned online in a single month and I can hardly believe it. I’m well over the $2,000 earned in a month mark and am amazed that I basically earned a paycheck for doing this work!
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 content 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
- 4 Mistakes We Made Buying Our First House | First Time Home Buying Mistakes
- Dumbest Financial Mistakes I’ve Made 😬
- Credible Loan Refinance Step By Step Walkthrough | Refinancing Student Loans
The new content I published included:
- 3 Month Emergency Fund Funded! Save Money With Me
- May Paycheck Budgeting + Budget Review | Paycheck Budget Planner Printable
- Debt Snowball Update April 2020
The new content I published on my website was:
- Bestow Review: Term Life Insurance With No Medical Exam
- How To Grow A YouTube Channel
- Student Loan Refinancing Explained
- Shopify For Beginners
- How To Make Money With The Erin Condren Affiliate Program
- Best Personal Financial Niche Affiliate Programs
- How To Use Affiliate Marketing On Budgeting YouTube Channels
- How To Improve Your Credit Score
- Complete Beginner’s Guide to Making Money with Affiliate Marketing
It’s great to see what is working with new content I’m producing and where I can grow! I definitely added a lot of new website content this month. While my website is not my main priority I think it will ultimately be important!
What Worked This Month
I have been continuing to work on a few different priorities growing income sources and I even added a new one this month too!
Creating NEW Content
The thing I did best this month was creating new content. Content is king as they say and I doubled down on creating content across my main platforms.
I published multiple new videos on YouTube across both channels and added new website content as well. I’m still behind on the blog posts I want to do but adding more new content makes me and the Google very happy.
Focused On Affiliate Marketing
I have continued with my implementation of ideas learned from Making Sense of Affiliate Marketing course and in that regard I’ve added a couple new affiliate marketing partners.
I don’t plan to add too many or add any I don’t actively use myself. I find it is easier and more authentic to only promote programs I actively use. It’s similar to how I only buy stocks of companies I actively use and adore. It’s just easier to be myself and share what I truly use and love than try to make quick cash (gross tactic anyway).
Adding new partners that I’m loving will be so helpful in growing the affiliate income because it is not hard to share these products.
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 $1,500 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.