Welcome to my August 2017 Monthly Income Report! I’m excited to keep you up to date on the inner workings of SPI and all that happens here in the business, from the wins, the losses, and even the income and where it all comes from.
If this is your first time here, make sure to check out the income report page where you can see the history of income reports on the blog dating back to October of 2008. It’s been almost nine years since starting my online business, and we’ve had a lot of ups, a lot of downs, but no matter what it’s a lesson for those of you looking to build an online business of your own.
Happy to share, and happier you’re here following along. Let’s get into what happened this past month.
- Last month: $321,642.86
- This month: $140,866.38
- Last 12 months: $2,004,803.47
- Last month: $78,015.53
- This month: $63,705.86
- Last 12 months: $612,906.38
Net Profit Summary
- Last month: $243,627.33
- This month: $77,160.52
- Last 12 months: $1,391,897.09
For the complete breakdown of income and expenses, visit the full report here »
Important Lessons Learned in August
One big mindset hurdle I’m learning about is related to asking for testimonials from my students. As a marketer and business owner, I know how important this is. As a person who is brand new to the online course world, it’s a lot easier said than done.
I’m thankful I had a number of students offer a testimonial without me asking, but I knew that I would get a lot more great ones if I were to step up and ask, so that’s what I did. I personally reached out to a number of my successful students after they launched their shows and asked for a testimonial. And wouldn’t you know it, I got a 100 percent success rate.
This was a great lesson for me; not because I know their testimonials will help convince even more people to join my course, and not because it makes me feel great knowing I was able to deliver on my promise, but because I simply had the guts to ask.
Asking isn’t always easy, and for me, for the first six years of my business, all I did was give. I didn’t ask for anything in return from anyone.
I didn’t have any offers or courses to sell. I didn’t ask for favors from my audience more than just a standard “please share” or “if you like this, please subscribe.” And I definitely didn’t ask my friends and colleagues for advice.
But lately, as I’ve grown into a more confident person in my business, I’ve been able to start to get comfortable with asking.
I’ve started to offer courses and ask people to join who I know it would be perfectly suited for. I’ve learned to ask my customers for testimonials. And I’ve even learned how to ask friends and colleagues for some help when I may not understand something completely about marketing or online business.
It’s been a game-changer in my business, and it can be for yours too.
Thanks again for all the support. I appreciate you! Also, for those of you interested in starting a podcast of your own (and making sure it gets found!), Power-Up Podcasting is open for enrollment once again! I’m accepting new students from today, September 18 to the end of September 25, so if you’re ready to get started launching a podcast of your own, and joining an amazing community of other supportive podcaster on your way, click on the link below to join Power-Up Podcasting today!