The 15th of the month kind of snuck up on me here in August, and it’s hard to believe that summer is about half over (at least that’s what they tell us, but when it comes to weather up here in Calgary, Alberta… summer is about done in August).
But like I said before, because I’m more focused on promoting my new eBook and guest posting – and I’m publishing here less – I’m trying to make every piece of content count, and this post is certainly no exception.
Anyway, crunching the numbers can be tricky business, and accounting for everything seems to be more of a matter of jogging your memory than a hard science (unless you’re really organized). I’m sure anyone doing income reports can appreciate that fact.
Regardless, why don’t we get into last month’s numbers?
There are a few caveats that you should be aware of as you look at these numbers. I’ve included all of my music-related income, but it wasn’t all earned online or through my website. I have not disclosed my income in whole, as I still earn part of my living from other sources (mostly content and A/V work). Additionally, all dollar figures are in Canadian dollars. If you’d like to read about all of the stipulations in more detail, you can check out my first income report. Also, if you feel strongly one way or the other, you can email me.
To be perfectly honest, there could be some minor mistakes in my reports, but I’ve done my best to account for everything (I don’t think I would ever make a great accountant!). Anyway, let’s get on with this.
The 60 Minute Online Marketing Checklist for Musicians – $0.49 (another generous buyer – thank you – you can download this guide for free or pay what you want)
Freelance Blogging – $1243.18 (income from this area more than doubled since last month; I have certainly had more work, but I also had a client that finally settled up with me after a few months)
Live Performance – $151.00 (there was a little bit of a drop in this area because one of the bands I play in hasn’t had any gigs over the course of the summer)
Music Instruction – $755.00 (it was originally anticipated that I wouldn’t have any income coming from teaching this summer, but some late payments came in, and I’ve also had anywhere from two to three lessons to teach per week)
Total – $2,149.67 (a sizable increase over last month, especially considering the fact that it’s summer)
Hosting – $32.66 (I use Bluehost, though I recommend most musicians use Bandzoogle; should you choose to purchase a hosting plan through the previous link to Bluehost, I will earn an affiliate commission at no additional cost to you)
Hootsuite – $13.74
Dropbox – $10.99
Adobe Creative Cloud Photography Plan – $13.61
SweetProcess – $37.87
Google AdWords – $7.56 (I’ve been experimenting with ads to promote my new eBook)
Total – $116.43
$2,149.67 (gross income) – $116.43 (expenses) = $2,033.24 (net income)
July was a fairly profitable month for me. Although I know that my new eBook has also been selling, apparently it takes a while for the various book sellers to do their reporting (45 to 60 days after the end of the first fiscal month; I guess that means September or October?), and I have yet to see a single report. I have no idea how many copies have sold as of yet. However, if you have already purchased your copy, thank you. If not, you can at any time.
There are a lot of new things coming down the pike, and I look forward to sharing them with you.
In the mean time, if you’d like to view last month’s income report, you can simply click here.
Author: David Andrew Wiebe
David Andrew Wiebe has built an extensive career in songwriting, live performance, recording, session playing, production work, investing, and music instruction. In addition to helping musicians unlock their full potential, he also continues to maintain a touring schedule with multiple bands.