It’s time for another income report! If this is your first time, I’ll be walking you through my sales and expenses as a freelance web designer/developer. We’re going to look at two months side-by-side: September and October.
September
September Sales
- Design & Web Services: £800.73
- Hosting: £455.95:
- Pre-Mades: £849.59
Total sales: £2106.27
Ugh this was a crappy month. I don’t even remember why. I think I just didn’t get a lot done for some reason…
September Expenses
- Commissions: £17.84
- Hosting: £193.82
- Licenses & Subscriptions: £23.70
- PayPal Fees: £65.38
Total expenses: £300.74
Profit (before taxes): £1,805.53 / $2,889.53
Okay so September was a crappy month. As I said before, I don’t even know why at this point (hey, it’s been over a month since then!). I think I just didn’t take on many projects and didn’t get much done in terms of pre-mades. Bleh. But after seeing these poor results, I was SO DETERMINED for October. I had big plans. I was going to finish my e-course, rock the pre-mades, and take on custom projects again. And that’s all on top of my 9-day honeymoon trip as well! Luckily, I think my efforts paid off… 😉
October
October Sales
- Affiliates: £240.40
- Design & Web Services: £730.67
- E-Courses: £614.84
- Hosting: £487.07:
- Pre-Mades: £1028.81
Total sales: £3,101.79
This was my highest month of sales… EVER! Ever ever ever! I think this proves what you can accomplish when you set your mind to it. I decided I was going to rock the hell out of October, and I did. And as I said, this was including a 9-10 day work-free vacation. Holy cow!
Here are some things I did to rock the hell out of October:
- I withdrew my affiliate earnings (is that cheating?).
- I started accepting custom design work again, so I took a few deposits for that.
- I finished and released my e-course. So far the feedback has been terrific, so that makes me a happy girl. 🙂
- I increased my hosting prices. I didn’t just do this to make more money. I don’t want Book Host to get too crowded, in order to keep the server “clean”, small, and fast. So in order to have fewer customers, I decided to raise the prices. Plus I think I was way under-valuing it before. My prices were in line with other hosting companies, when they shouldn’t be. Other hosting companies don’t give you managed WordPress hosting and free premium themes/plugins. It’s time to start charging what it’s worth! (And I’m probably still under-valuing it to be honest.)
- I created a new pre-made theme, which has been a huge hit so far!
October Expenses
- Commissions: £25
- Hosting: £254.91
- Licenses & Subscriptions: £176.77
- PayPal Fees: £65.77
Total expenses: £497.45
Profit (before taxes): £2,604.34 / $4,167.32
You can see that an increase in sales results in an increase in expenses. 😛 But who cares? The month was awesome! Hell yeah, October!
So far, the outlook for November is: busy, busy, busy. I’ve booked a lot of custom projects and my schedule is filled to the brim. I’m actually booked through mid-January right now, so I might be closing my order form again for a few months.
That’s awesome! Congrats on doing so great last month!
Thank you! 😀
I think it’s really good that you post this for everyone to see. It’s definitely an eye-opener into what income and expenditure is like for someone working in that industry. Thanks.
Those numbers look amazing to me… even the September ones. I can’t imagine how much higher they must be now!