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Monthly Income Report - December 2013
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Monthly Income Report – December 2013

Income Report

Welcome to my December 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

Happy New Year!  I’ll get into some goal setting and share some of my business goals for 2014 with you in a future post, but for right now let’s talk about 2013 still!  December was an amazing month for me, seeing a decent spike in my iPhone earnings and a huge spike in my Kindle earnings due to people getting new devices on and around Christmas.  On Christmas day alone I had my best day ever for Kindle sales, reaching just about $600.

The earnings spike wasn’t all from Christmas sales though.  In December I released 1 new app and 8 new Kindle books.  I found some fantastic new niches in Kindle that really helped bump up my earnings and I’m excited to keep attacking them in 2014.

As for apps I did get one published, but a few of the ones I was working on got postponed due to (what I feel is unfair) rejections by Apple.  However, I’m working on updating them to meet Apple’s criteria so hopefully I get get them released in January.

Income Breakdown

iOS Apps (12)

App Downloads (Paid): 1,546 (+443)

App Downloads (Free): 6 (-5,215)

Income: $1,082.20 (+$310.10)

Android Apps (4)

App Downloads (Paid): 2 (-5)

App Downloads (Free): 77 (-2)

Income: $0.70 (-$2.80)

Amazon Associates: $50.75 (+$33.73)

Kindle eBooks (70): $7,247.00 (+$5,012.00)

Online Income Tycoon

Private Advertising: $0.00 (-$288.00)

Udemy Affiliate Program: $9.50 (+$5.00)

Total Income: $8,390.15 (+$5,070.03)

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Comments

  1. Thomas, very impressive Kindle earnings! You’ve definitely found the formula to publishing success. While December was also my best sales month for publishing, it is nowhere near your numbers. I have a book being written now but plan on pubshing a lot more this year. Also, my first app was approved a week before the App Store freeze so I made it in there before Christmas. Working on the next app now.

    Just curious, are you publishing multiple books on the same topics? I was just thinking that I would do just that… write more books on the same topics I’ve found to be profitable. Same goes for apps I guess.

    • Thanks Harlan! I checked our your blog and you’re not doing too shabby yourself online 😉 Congrats on your first app getting approved too – that’s always a great feeling! To answer your question I do publish multiple books on the same topic, just making sure each one is unique and if someone bought both books they wouldn’t feel like they were ripped off. It’s a great idea though…if you know a topic sells well, why not give the market what it wants?

  2. Thomas,

    Holy moly! congrats!! You’re totally killing it on kindle. I’m really interested to know your process in detail. How much would you be willing to share?

    • Thanks Joshua! Minus giving out specific titles/topics of my books, I’m willing to share everything! I’ll be posting a lot more in the coming months about my process in detail, but if there’s anything specific questions you want a quick answer to let me know!

  3. Wow this is awesome!! Congrats on the month! You have been putting out a lot of books. I’m assuming you outsource a lot of it… Do you do the title research and create a specific outline and outsource the rest? Also curious how much a typical book costs you to outsource and how long they usually are. If you can do this around school you are gonna be able to absolutely kill it next year if you work full time!

    • Thanks Eric! Yes, all the writing it outsourced as well as most of my covers. I do the topic research and depending on whether I’m hiring a new writer or work with one of my regular ones I may or may not create an outline/table of contents. My books are usually around 5,000 or more words and cost between $55-120 to have written depending on the writer and topic. Hope that answers your questions!

  4. Thomas, congrats on your results with Kindle. I wonder what you do to market your ebooks? Is it really just about choosing the right niche, keyword researching and hitting ‘publish’ button? Do you use KDP select? It’d be great to learn more about getting more sales and maintaining them!

    • Thanks John! 80% of the marketing for these Kindle books is simply choosing the right topic/keywords. The other 20% is how you optimize your book to rank in Amazon for those keywords. I do use KDP select and the free days that come with it. I’ll be publishing a lot more over the coming weeks about topic selection and marketing for Kindle books so stay tuned!

  5. Thomas – Your posts continue to amaze and inspire me. Have you written a book about how to get all those Kindle sales? Let me know and thanks, Paula

  6. You are the man!
    What is you step by step process for analyzing/picking keywords and competition? I know you’ve said it’s a bit of an art but what are some of the guidelines you stick to?

    I imagine you search for a keyword (how do you choose your initial search?) on amazon.com and then see how many books are returned. (what’s too many/few?)

    You then look at the first x# of books (how many?) and check their stats. I’d guess :Price, length, reviews, and most importantly sales rank.
    What else?

    • You’ve got the basic process right there. In all honestly there’s not a TON to it, it’s just getting the practice and learning how to master the “art” of knowing which keywords are the right ones to target. As for finding ideas of what keywords to check, you can see what people are searching in Google with the Keyword Planner (though the traffic doesn’t necessarily correlate to Amazon traffic) or you can search the Kindle bestsellers list (my preferred method). I’ll have a post published hopefully within the next couple weeks that will go into a lot more detail so stay tuned!

  7. Thomas – As far as your Kindle book optimization, do you simply optimize:

    * The book title, subtitle
    * Description
    * Keywords

    And have you tried the Kindle Countdown deals pricing yet? I haven’t had a ton of luck with it — so I’m sticking to my KDP Select free days, which seem to garner more attention, and thus sales after the book returns to its normal pricing.

    I generally price my books at $2.99 each — is that your pricing strategy for all 70 of your books, too?

    Do you hire your writers from Elance?

    Hire any from Fiverr?

    Do you use Google’s Adwords Keyword Planner and/or paid tools to discover which topics might be easy to rank for?

    Thanks so much for sharing your wisdom!

    Paula

    • Hey Paula – Another thing to optimize is reviews as well as other areas such as “author bio”, etc. I’ll make sure to cover this in a post soon.

      As for countdown deals, I’ve been slacking and haven’t tried them out yet, though I will test them soon and write a comparison of them to the free promo days I typically use instead. I almost always have my books priced at either $2.99 or $0.99 but again this is something I haven’t tested as much as I would like.

      I originally found most of my writers from Elance. Never tried hiring from Fiverr, as from my experience with other projects – lesser quality writing there, plus it would take a LOT of orders of $5 gigs to write a 5,000-10,000 word ebook!

      You can use the GAKP to FIND ideas, but the traffic isn’t necessarily representative of what people are searching in Amazon, so keep that in mind. It’s one place to start – but not what you should completely base your research off of.

      Hope that answers your questions!

  8. Great result Thomas…How much time do you spend in your business? Do you reinvest 100% of the earnings?
    Will you drop out college?

    • Hey Max – It’s hard to track exactly how many hours I work on business related things, as I often get distracted and am not always focused 100%…something I’m looking to improve on in 2014. However, it does take up the majority of my “free” time. I do reinvest (or save to reinvest in the future) the large majority of my earnings. I’m in high school now, but I am planning on going to college for marketing. Whether or not that will directly help in my pursuits as an entrepreneur is debatable, but I think it will be an overall cool experience and a definite upgrade from high school :)

  9. So when you going to buy that new sports car?

  10. Hi Thomas
    I would like know how much cost build a app similar to GTA for example.
    I hate work with developers….They are very crazy

    They ask me around 800 usd but it ´s very expensive in mi opinion .

    • Hey Max! Yes, hiring freelancers can be trying at times, but can sometimes really pay off. With that being said, $800 is WAY too high for an app similar to my GTA news one. I got the original news app developed for around $350 by a good quality US developer. I wouldn’t pay more than $450 at very tops. Hope that helps!

  11. Really cool to see you killing it in niches other than the whole Adsense/Amazon rehash (like myself!).

    Very inspiring read. I’ll be looking forward to seeing your insights on Kindle.

    Pat yourself on your back. These are incredible numbers.

  12. Wow, this is seriously impressive. The last time I was here, you were still MOT. You’ve certainly come a long way since then! Looking forward to reading your kindle tutorial. All the best…

  13. Hi Thomas! Do you mix more niches under one pan name or not?

    Thank you

    • Hey Jakub – Thanks for the comment! Yes some of my pen names have books in multiple niches under them.

      • Thanks Thomas!! How many pen names do you have? I think Amazon allows us to have a maximum of 3 pen names.

        Thanks.

        • I have probably at least 30 pen names. Author Central is what you’re thinking of that only let’s you have 3 per account. However, you can have as many as you want just entering different author names when you publish your book with KDP – you just won’t get a fancy “author page” to go along with it.

  14. Been doing some research on Amazon Affiliate Marketing. Found your name and site in Google and have be gleaning some stuff from my mobile phone to the laptop. Planning to build Amazon sites that will produce $200 per month after 3- 6 months. Any advice pls…
    Must confess am inspired by your mile stones…$5000+ a month and a whole lot will change for me..

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