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Monthly Income Report – June 2013
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Monthly Income Report – June 2013

Income ReportWelcome to my June 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

In my first month of summer vacation I started off on the right foot and was very productive on my business work.  However, later in the month my focus started slipping – and I’m sure a weeklong trip to Anaheim, CA didn’t help that! 😉  The trip was with the school for the FBLA National Competition and my teammate and I placed 7th in our event.

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My teammate and I waiting to compete at FBLA National Competition in Anaheim.

Anyway, in June I published 7 new Kindle books and 1 new app (Concealed Carry Laws).  Thanks to a little bit marketing effort on my part, on it’s launch day the app got over 80 downloads and was ranked as high as #35 in the paid reference category.  However, since then it’s been dancing around between 150-1000 in the reference category.  In addition, I’m also working on another reference app which should hopefully launch late July.

Income Breakdown

iOS Apps

SharePrayer

Downloads: 1 (+1)

Income: $0.70 (+$0.70)

SharePrayer Free

Downloads: 12 (-4)

Income: $0.00 (-$25.00)Private advertiser did not renew.

Ultimate Fan Apps – Taylor Swift Edition

Downloads: 211 (+157)

Income: $147.70 (+$109.90)

Concealed Carry Laws – 50 State CCW Guide

Downloads: 168 (N/A – 1st Month)

Income: $117.60 (N/A – 1st Month)

Android Apps

SharePrayer

Downloads: 2 (+1)

Income: $1.40 (+$0.70)

SharePrayer Free

Downloads: 34 (+3)

Income: $0.00 ($0.00)

MadLibs Word Generator

Downloads: 5 (-2)

Income: $1.75 (-$0.70)

Gift List Organizer

Downloads: 20 (+4)

Income: $0.00 ($0.00)

Total from Apps: $269.15 (+203.20)

Amazon Associates: $1.87 (-$4.55)

Kindle eBooks (37): $3,293.40 (+1,285.90)

Total Income: $3,564.42 (+1,484.55)

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Comments

  1. Hey Thomas, do you build emails lists with your Kindle books? I can’t decide if I should start doing it or it isn’t really helpful. What do you think? Thanks

    • Hey Jim – I’ve thought about trying to build email lists with Kindle books, but I have yet to try. It definitely would be helpful though if you’re planning on publishing a lot of books in the same niche. Might be a good topic for a case study later on down the road 😉

  2. Nice to see your income increasing Thomas! Hope you will be earning more and more! Good luck! Adam Peterson @appreneurbay

  3. nice to see your last app is seeing some success, keep it up dude

  4. Hi Thomas,

    Great to see your monthly income is on the rise. Thank you for creating this website and being transparent. It gives us other appreneurs some insight and ideas on what it takes to make a living in the app store.

    We all know to well that it takes a lot of hard work and time to make headway in this App Market (contrary to what many believe put an app up on Monday – buy a Ferrari on Fri). But if you created just 10 more apps and they did as well as your existing ones, you would already be over $30K a year and that is a lot of people’s salary.

    Keep creating my friend and soon Chad Mureta will be following your blog 😉

    Cheers,
    Trevr

    • Hey Trevr – Thanks for the kind words! Totally with you when it comes to new developers unreasonable expectations – but you’re exactly right – if I can just keep learning from my previous apps and putting out new ones, hopefully I’ll be able to reach a full time income from them in the near future :)

  5. Chris Whynard says:

    Hey,

    Great job! I’ve been following your blog for sometime. Can you post more about your kindle books since your making the bulk of your money there? Thanks, and I hope you all the success!

  6. You reported your kindle earnings last month as the exact same as this months

    • Hey Ash – Great catch…thanks so much for pointing that out! I use a template to write my income reports, so although the total income reflects the improved Kindle earnings, I forgot to change the Kindle earnings numbers themselves. I just updated the post though so it should be all good. In June I made $3,293.40 from Kindle which is $1,285.90 more than May. Thanks again for pointing that out!

  7. I thought it was weird that you added new books and earnings satyed the same.

    QUESTION; do you follow Steve scott and are your book in a series like his with an excerpt of the next in the series in the back of the book before to keep people buying or are they all standalones. I heard you need at least 3 books in a niche to gain traction how true is this.

    • Yup, I read Steve’s blog all the time! All my books are spread across different niches and topics – I try and cast a big net and see what catches on. However, once I notice that a certain topic is popular, I’ll write a couple more books about that topic, almost like a series. In that case I usually provide a link at the end of one book to go check out the other – I don’t do a long excerpt though, but it’s not a bad idea at all!

      As for needing three books specifically to “gain traction” – I don’t think that’s true. More books will help you establish yourself as an expert if that is your goal with Kindle. However, you don’t NEED 3 books to have 1 book be successful. Hope that helps!

  8. How much does it cost to get these book written? Sorry for all the Q’s

    • No problem – keep the questions coming! I’m sure other people want to know too, which is why hopefully I’ll be covering it all in future posts :) It typically costs around $70-120 for a 5,000 word book though it can vary more depending on where you hire your writers and what quality of writing you’re looking for.

  9. Hey,

    Great job! I’ve been following your blog for sometime.
    nice to see your last app is seeing some success, keep it up dude

  10. Congratulations Thomas. I would like know if you use some tool to keywords in amazon . I think that google is not a good option.

    How you monetize your free apps?

    • Thanks Max! I don’t use Google Adwords Keyword Tool as a way of finding profitable topics for either Kindle books or apps. However, I sometimes use it to “double check”. In Kindle publishing I use the rankings Amazon gives each book to tell how profitable a book is. To gauge how profitable apps are, I use their current and previous rankings in the entire app store as well as in their individual categories. In the near future I’ll be posting more about this in detail on the blog so keep an eye out!

      As for monetization, I only have one free app (SharePrayer FREE) and it’s job is to promote the paid version of the app. Though I have tried private advertising on it as well as ad networks.

  11. Hi Thomas thanks for your reply but your app “Taylor Swift Edition is free” how you make $147.70 ?

    • Ah, yes – right now I have both my Taylor Swift and my Concealed Carry apps free. I’m just doing this as a promotion for a few days. However, they are typically both paid apps at $0.99 which is how they made their money. They’ve just been free the past two days. Hope that clears it up!

  12. Thanks Thomas .

    I have some ebooks in Amazon but some ebooks don´t get a positive ROI in the first month . I would like know if you use the same writer for your ebooks or you have more one writer (I see that you have published 7 new ebooks this month)

    • Yeah, some books take longer than others to make back their costs (and some never do) – that’s why it’s so important to choose profitable topics. And keep in mind that Kindle publishing is a numbers game, not all books are going to be successful even if they are written on an awesome in-demand topic. It’s all about the 80/20 rule.

      As for writers, I use quite a few different ones and I’m constantly looking for new ones who can do a better job at a lower price. However, you should always make sure you have at least 1-2 “go to” writers who you are most comfortable with.

  13. Hi Thomas and congratulation for your amazing results, i really think it would be great if you publish more on this blog about kindle (interview, article), i really liked the interview with Spencer Costanzo.

    • Hey Walid – Looking forward to publishing more on Kindle – if you didn’t see I posted my first Kindle-related post just recently! I agree – Spencer gave a great interview and some awesome information – glad you enjoyed it!

  14. I see you get books @5000 words have you gotten any bad reviews because of length?

    • Yeah, I’ve gotten a couple of bad reviews because of that – there’s always going to be people who complain for the sake of complaining. However, most people understand that it’s the quality of information in the book that counts more than the quantity of words. Especially because most of my books are either $2.99 or $0.99 and short guides are becoming more and more popular on the Kindle store.

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