December 2014 Review & Income Report

Monthly Income Report - December 2014On Step Forward, Two Steps Back!

This is a Review & Reflection post where I take a look at what I got done over the past month. I want life to be a balance of creating an online business while enjoying the good things with family and friends.

This is what I am striving for. I hope that this post will help to inspire others who are looking for the same thing too.

Highlights for December

  • I went to the Winter Wonderland Market in Hyde Park
  • I watched Warhorse with my Sister for her birthday
  • I watched The Hunger Games – Mockingjay
  • I had pre-Christmas dinner date with great friends
  • I had a cozy Christmas with my family
  • I had post-Christmas lunch date with more great friends

December - 2014

Results of The Goals I Set for November

  • I Will Earn $1,000 – NO
  • I Will Write 20 New Articles for My PLR Site – YES
  • I Will Work on a New Product Funnel – NO
  • I Will Work on a Schedule for 2015 – SORT OF

My Income Report for December

I was striving to earn $1,000 for the month of December. Let’s take a look at how I did.

Earnings from:
The PLR Boutique = $85 Last month = $191
Recommending Other PLR & Products =$257.49 = Last month = $378.45
Amazon Affiliate Programme = $124.95 Last month =$131.88
Amazon Kindle Book Sales = $8 Last month = $30

Total Earnings for December 2014 = $475.44

Last month = $886.01

Thoughts

As you can see, I was way off target. There were a couple of reasons for this. One is that half way through December I sort of stopped working on my online stuff. I was distracted by other things and couldn’t get back into the swing of writing. The other reason is that because I could see that I wasn’t near my target goal, I couldn’t motivate myself to work harder.

I did learn a couple of very important lessons during December:

Lesson One

Making money with Amazon can be unpredictable. I am happy that I have built up my sites to a level where I know I will get some clicks and commissions.

I also realised that it is not a good idea to put so much effort into a revenue stream that you have little control over. At the moment, my Amazon Affiliate membership link is OK but the terms and conditions could change, like it has for some states in the US. So why do all that work and suddenly lose that income stream?

I will therefore only add an article here and there when I have time and enjoy the passive income, large or small.

Lesson Two

Now that they have changed the VAT rules in Europe, this means that I have to collect names and addresses of anyone who purchases PLR from my site. This seems to be a lot of hassle when I do not make that much. So I am not sure what I am going to do, going forward.

Lesson Three

It is time to concentrate on something that I really love to do but am scared that I will not be a success at it. That is fiction writing. Good money can be made but it does involve a lot of hard work and stepping out of one’s comfort zone. Time to go for it I think.

This Months Goals - January 2015

Things I Will Do in January 2015

#1 – I Will Write a Short Fiction Book

I love writing fiction. I realised that I hadn’t done very much of it last year. One reason is because it has not really been a big money maker so I didn’t think it was right to use up my time pursuing this “hobby”.

But I have been reading a lot of information about people who are doing really well. Steve Scott wrote about his success. So, too has Joanna Penn. I also know that people who followed Geoff Shaw’s Kindling course have also been making a full time income from this. I am therefore going to try my hand at it.

The first book will be a collection of very short stories – just to help me get back into the groove of writing. Stories will be around 1,000 words each.

#2 – I Will Work On Some List Building Activities

Building a quality list helps you to connect with people who are interested in what you have to offer. As I am going to start writing fiction, I wouldn’t mind working on building a readers subscriber list. I also want to add more people to this blog list. So that is something I will be working on in January.

There are other bits and pieces flying around my head. I am not sure if I will get to them during this month so we shall see. Wish me luck 🙂

Have Your Say: Do you have a plan in place for January or indeed for the whole of 2015? I would love for you share the goals you hope to achieve in the comments section.

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12 thoughts on “December 2014 Review & Income Report

  1. Ash

    I love these reports for their honesty and even if you haven’t reached your goal just yet I know you will with how hard/smart you’ve been working. We all deserve a break anyway 🙂 Happy blogging

    1. Victoria Post author

      Thanks Ash – It is definitely good to have a goal in mind, whether you hit it or not. At least I know where and why I didn’t make it. Not going to beat myself up about it.

      Thank you for stopping by. Hope all is going well for you 🙂
      Victoria recently posted…December 2014 Review & Income Report My Profile

  2. Jessica B. Woods

    You hit the nail on the head when you spoke about losing motivation, and about the lack of control as a retail affiliate. I have felt the same way, but more so, about freelancing and writing for content mills.

    See, most of my money thus far has been earned by writing for mills or private clients, and there are times when there just isn’t enough work to pay the bills. Other times, clients can take aaaages to pay, or refuse to to pay at all if they change their minds. Oh, and don’t get me started on the boring stuff you have to write about, lol!

    I’ve decided to make this the year I move away from the service side of things and into list building and PLR. Fiction is also a passion of mine that hasn’t been explored, apart from a couple of children’s books that I’ve done with. Those are really a joint project with an illustrator, so I only earn half of the so far very small profits. Still, half is better than nothing, and I had total control over the writing process.

    I think you are going to do well in whatever you focus on this year! I read some of your other short books on Amazon, and they show you have good writing skills. And I do know some people who really make a killing with self-publishing, you just have to get a lot of books out there and in front of your audience.

    Great post, and here’s to another great year!

    1. Victoria Post author

      Jessica – I am sure tht it is great when you are getting constant work as a freelancer but it can be difficult if you are reliant on others in order to make money. You should definitely get into building up a PLR business. You can start off slowly, knowing that each pack you create is another asset that you can earn from.

      I wish you good luck with this as well as your children’s book. Have a great 2015 🙂
      Victoria recently posted…Are You Willing to Invest in Yourself for Your Business?My Profile

  3. Patti Stafford

    Great post, Victoria.

    I also plan to do more fiction this year, almost full time, with very little focus on other things. The Kindling group at FB is awesome. You get an invite when you purchase the program, and I highly recommend it.

    Best of luck to you this year. We can do this! 🙂
    Patti Stafford recently posted…A More Definitive Plan/Path for The YearMy Profile

    1. Victoria Post author

      Hi Patti – I am very excited to see what happens with my goal of fiction writing. I have read lots of positive stuff about Kindling and I will be signing up to the membership site next month. Can’t wait.

      Good luck with your own writing endeavours. Others have made a success out of it. There is absolutely no reason why we can not join them, right?

      Let’s go for it!! 🙂
      Victoria recently posted…How To Create a Simple Website in WordPressMy Profile

  4. Patti Stafford

    Exactly! When you get in the Kindling membership, especially the FB group, and see the “real life” success of others (and some only started writing fiction two years ago) Oh it makes you kick yourself in the butt—but it’s also very inspiring.

    Check your private messages at FB. 😉
    Patti Stafford recently posted…To Finish or Not To FinishMy Profile

  5. Cynthia Dixon

    Victoria,

    Your continuing to work on your Amazon sites shows that you’re committed to making your dream of working from home online a success. I’m still excited about your idea of fiction writing. Your book called “The Park” is still one of my favorites.

    I think you’d be great and successful! Glad to hear you’re taking the Kindling course. I’m sure you’ll find the answers you need.

    I’m also forging ahead this year. I’ve learned a lot in 2014. One of those important lessons was learning to let go of what isn’t and won’t work. Somethings work well for others, but it’s not necessarily meant for us, even if we know how to do it.

    Wishing you the best of success in 2015! Let’s do this!!
    Cynthia Dixon recently posted…Starting from The BeginningMy Profile

    1. Victoria Post author

      Cynthia – Thank you so much for this. Hearing you mention my little fiction book has me grinning from ear to ear. 🙂

      I can’t wait to really get stuck in and find my groove.

      I am also pleased to hear that you are also working out exactly what is right for you. It is good for us all to try out a range of things so that we can see where our skills, our heart and our passion lead us.

      I look forward to following your journey – Good luck and have fun 🙂
      Victoria recently posted…Fiction Writing – How Fear (Almost) Stopped Me Writing My Profile

  6. Julia

    If nothing resonated with me most, this statement did ” half way through December I sort of stopped working on my online stuff. I was distracted by other things…”. That pretty much sounded like me and the December of a lot of people I know. There’s just something about the holidays 🙂 Nevertheless January is here and I have got my mojo back a bit late but here nevertheless and it is all due to a video I watched that Marie Forleo recently did. She mentioned that you must focus on what’s IMPORTANT first and leave what’s URGENT for another time. It might sound contradictory but it works because what’s urgent isn’t always important. We get distracted but the urgent stuff and loose focus on the real goal ahead.

    What I’ve resolved to do is mark “urgent” anything that does not align with my ultimate goal and focus on the more important stuff to get to my goal. I hope this helps you to.
    Julia recently posted…Fix freelance clients who wont payMy Profile

    1. Victoria Post author

      Jennifer – I had to read that statement a couple of times before it sunk it. It is so true that we get swept up in what is urgent and then run out of time for what is truely important to us.

      I will definitely go and check out Marie’s video – thanks for the heads up.

      I hope that you have a fantastically productive and enjoyable year ahead 🙂
      Victoria recently posted…Are You Willing to Invest in Yourself for Your Business?My Profile

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