Hey everyone! It’s another Income report for Create Your Laptop Life. This month had some interesting developments… #plottwist!!
The first problem is that my FACEBOOK AD ACCOUNT GOT SHUT DOWN. And it’s still down. Which means, no paid advertising right now. So you can see my advertising budget was about $1600 vs. July when I spent $10,000.
The crazy part is my income only went down by a few thousand?! That’s mainly because I pushed a few different products instead, leveraged my existing network, and I’m still reaping the benefits of the payment plans from the ads.
The profit margins for August were around 46% (much lower than last month) and that’s because I spent $25,000 to join Russell’s coaching program.
I have a few thoughts about this:
It NEVER feels good to spend $25,000. If you’re waiting for it to feel good to invest in coaching or courses, you’re silly. Seriously. It’ll never feel good.
But I have ALREADY seen a return on my investment, and it’s in something most people don’t value near enough….RELATIONSHIPS.
I went into the Facebook group and spent 3-4 hours just reading posts and absorbing all the information. And then I started building out relationships with people and that is going to return 10x what I paid.
Do not forget that money ALWAYS replenishes but time and relationships DO NOT.
So without further ado, my report.
Pipe and Lime Media LLC PROFIT AND LOSS
- Affiliate Revenue $8,577.93
- Sales $105,847.49
- 1on1 Coaching/Training $825.00
- Course Creator Sales $294.00
Total Income $115,544.42
COST OF GOODS SOLD
- 1on1 Coaches/Trainers $550.00
- Affiliate Payouts $1,764.90
- Course Creators $81.40
- JV Payouts $900.00
Total Cost of Goods Sold $3,296.30
Gross Profit $112,248.12
What did I sell?
- Advertising $1,698.06
- Bank Charges & Fees $3,183.82
- Contractors $13,786.50
- Education and Training $25,997.00
- Julie Payroll Taxes $2,590.72
- Julie’s Salary $6,021.28
- Meals & Entertainment $138.70
- Miscellaneous $1.14
- Online Software $2,262.89
- Travel $1,708.17
Total Expenses $57,388.28
NET OPERATING INCOME $54,859.84