September 2016 Income/Expense Report
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The primary goal of these income reports is to give you an idea of how we manage our online endeavours, and to give you an indication of how much it costs to live and travel in the countries that we do. We figured they will also be a great motivator for us to keep striving towards bigger numbers in terms of income at the end of every month.
If you’re new to the blog, you’ll see that our main source of income is our content creation agency that we built-up from scratch back in late 2012. You can read more about how we make money online here.
Anyway, let’s get down to business…
The report below is a breakdown of our total income for the month of September 2016 as well as a rundown of our expenses and it also states the profit or loss figure after all is said and done.
If you’d like to see our past Income reports then head on over here to check them out!
|TOTAL BUSINESS EXPENSES||€4,420.25|
|Freshbooks Accounting subscription||€37.20|
|Google apps account||€12|
|TOTAL MONTLY BILLS||€1,547.25|
|TOTAL FOOD&DRINK EXPENSES||€1,203.1|
|TOTAL EVERYDAY EXPENSES||€248.45|
|TOTAL TRAVEL EXPENSES||€800.05|
|TOTAL MISC EXPENSES||€1,712.9|
|PROFIT/LOSS FOR THE MONTH||-€730.55|
Greetings from Deutschland!
We’re currently in Frankfurt after having flown from Vegas on Wednesday.
Our 3 months in Vegas is over and the jet lag is still hitting us 5 days later.
We’re flying to Budapest next week and plan on staying there until Christmas.
This income report for September will cover the income we generated and the expenses we incurred while living in Vegas.
We generated a total of €9,201.55 in income for the month.
That’s our best month this year in terms of revenue generated in a month.
We’re already seeing the orders come in for the rest of the year which should keep us hovering around the €8,000 – €9,000 per month mark in revenue.
We spent €9,932.1 last month.
Another minus month, but it was foreseen.
Project X was again at play with €1,154 being spent on that.
We’re officially going to be launching “Project X” in January – which will hopefully mean that we not only recuperate all our investment in the proceeding months, but also make a nice ongoing monthly profit.
Project X is a new business that we’re currently building up – a small SEO agency with an emphasis on helping businesses rank at a local level in Google and get more leads coming in. We’ve learned a lot of new skills in this department over the last year and more importantly, we know what we’re doing!
Nothing is guaranteed with any online business, but we’re silently confident that despite hammering out over €10,000 into Project X we’ll have another stream on income to add to the content business.
Here’s a few notes about some of the expenses throughout the month:
- Car Rental – 7 day road trip around Death Valley, Area 51 and L.A – €503.50
- Clothes – We both needed to buy a few new clothes to combat the winter in Europe – €281.60
- Tours – Celebrity stars home tour in L.A – €98.90
- Virtual Assistant – Training a new VA for a few new processes – €94.40
We had a loss of –€730.55 at the end of the month.
We’ve finished with the big spending on Project X (for now). So hopefully from next month onwards we’ll start to see a profit at the end of each month.
We knew the 3 months in Vegas were going to be an expensive period for us, but we wanted to do it and we loved the little stint there.
In fact, we’re planning to return in June 2017 for another 3 months. It was easily one of the most productive trips that we’ve had since we started this adventure in 2013.
For those of you who’ve emailed us asking why we’ve stopped producing content here on NextStop, all we can say is that we’ve been totally focused on Project X.
We’re not going to forget about this site, we just need to find a little more time to inject into it. 🙂
What are your thoughts?
Think there’s something we can improve on with these reports? We’d love to hear from you with any suggestions.
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