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Monthly Income Report - August 2013
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Monthly Income Report – August 2013

Income ReportWelcome to my August monthly income report!

Each month I share a detailed report of how much money I’ve earned from my various online businesses – to the penny.  No matter if it’s been an awesome month or a terrible month, you’re going to find out right here in these reports.

I’m doing this not only to be as honest and transparent as possible, but also to hold myself accountable and motivate myself to keep improving my income.  These reports may not be always be jaw-dropping (at least at first), but hopefully you’ll get a good feel of what it’s really like to be an online entrepreneur.  No hype, no gimmicks – just the facts.

Hopefully as time goes on though, these income reports will gradually keep growing and you’ll be able to follow along on my journey to become the next online income tycoon!

Summary

I didn’t have a ton of time to dedicate to my businesses in August as I was on vacation for two weeks – one week in Lancaster, PA for the World Boardcaming Championships and one week on a family vacation to Puerto Rico.  In addition, I unfortunately had to go back to school the last week in August.  As a result of all these activities going on, I only published 2 new Kindle books and no new apps, although I have 2 that are close to being completed.

Income Breakdown

iOS Apps

SharePrayer

Downloads (Paid): 1 (-1)

Income: $0.70 (-$0.70)

SharePrayer Free

Downloads (Free): 21 (-7)

Income: $0.00 ($0.00)

Ultimate Fan Apps – Taylor Swift Edition

Downloads (Paid): 110 (-10)

Income: $77.00 (-$7.00)

Concealed Carry Laws – 50 State CCW Guide

Downloads (Paid): 162 (+44)

Income: $113.40 (+$39.80)

Cheats for Candy Crush Saga

Downloads (Paid): 154 (-265)

Income: $107.80 (-$185.50)

Android Apps

SharePrayer

Downloads (Paid): 0 (0)

Income: $0.00 ($0.00)

SharePrayer Free

Downloads (Free): 20 (-1)

Income: $0.00 ($0.00)

MadLibs Word Generator

Downloads (Paid): 2 (-3)

Income: $0.70 (-$1.05)

Gift List Organizer

Downloads (Free): 32 (+2)

Income: $0.00 ($0.00)

Total from Apps: $299.60 (-$163.45)

Amazon Associates: $16.77 (+$2.04)

Kindle eBooks (43): $3,371.20 (+$695.70)

Total Income: $3,687.57 (+534.29)

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Comments

  1. Thomas,

    Impressive stuff. On average, how many words are your Kindle books?

    Thanks,

    Jason

    • Thanks Jason! Depends on the topic and the writer, but most are between 4,000-7,500 words. However, moving forward I’m planning on focusing more on publishing longer books around the 8,000-12,000 word range.

      • Hey Thomas, wondering what made you start publishing books in the 8000-12000 range?

        • Hey Harlan – It really depends on the topic. Some topics, 5000 words or so will get the job done and be able to cover everything nicely. However, some topics you don’t do justice by only 5,000 words and you can produce a better quality book with a larger word count. It’s all about making sure that I keep improving the quality of my books so that long-term stream of passive income will be there.

          • Thomas, one more question, have you gotten any estimates for the cost of a book (from Elance or Odesk) around the 10,000 word range? I’m getting ready to post a job for a 10,000+ word book and was wondering if you had any insight from your work?

            All my previous books have been 12,000-16,000 words written by me but this time I’m letting someone else write it.

          • I’d estimate you’ll probably end up paying $150-300 for a 10,000 word book depending on the quality and location of the writer. Let me know how it goes for you!

  2. Hi Thomas, nice earnings! How do you handle one star review on Amazon? It seems that no matter how good the book is, there are always some suckers who give it one star reviews…

    • Thanks! You’re totally right – unfortunately 1 star reviews are inevitable, even if you wrote the best book ever to be published. Typically I just leave the negative reviews alone and if the book is of decent quality (which it should be) the positive reviews will outnumber the negatives and bring my average star rating up.

      I typically don’t recommend replying to negative reviews, as that usually does more harm than good by attracting attention to it. However, if you honestly feel that a particular review is REALLY unfair, you can always get a few of your friends to vote it “down” and vote your positive reviews “up”. This will make your positive reviews show in the “most helpful” section instead of the negatives ones.

      Hope that helps!

  3. What are your average monthly expenses.

    • It depends on the month and how many apps and Kindle books I create that month. Kindle books usually cost me $80-150 and apps range depending on the complexity. In August I spent around $450 in app development on apps that haven’t been released yet, and around $250 on the 2 Kindle books. Plus there are some other minimal expenses such as my subscription to AppCod.es ($15), Aweber ($29), Linsyn ($7), etc. So if I were to not publish any new apps/books in a month, my expenses would be under $100.

  4. Congrats, Thomas. Very impressive once again. I like that you said you had time to publish “only 2” Kindle books last month. :-)

  5. Hi again, I see that you are using AppCodes for your app research. I have also started applying it to my apps as well but I feel that its kind of hard to find “less competitive” keywords.
    Do you use any specific strategy to find those gold nuggets? I basically brainstorm keywords through Straply, import those in AppCodes and hope for the best! :-)

    • Well in AppCodes they give you a “percent chance to rank” for most keywords – though I’m not sure what their algorithm is for that and how accurate it is. There’s also a tool called SensorTower which will give you a “iPhone difficulty” score of 1-5. I’ll have the creator of Sensor Tower on the next episode of the Podcast to talk about it more, so keep an eye out for it :)

  6. Hi Thomas, I know that but I was wondering what strategy you use to find your “profitable keywords”? I mean, do you just harvest and hope for the best or?

  7. Thomas, I found about your blog two days ago, and I wanted to say that your posts are so valuable that I went back and read everything you posted from day one (finished the whole blog today!). Looking for more valuable posts to come, and wishing you luck in your OIM.
    note: I am interested in app development too, I started just recently and taking my time (I work full time) while trying to learn from other people’s experiences like in your case! Thanks again 😉

    Salah

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