Boost Your Income with YouTube, Etsy, and Credit Cards!
Table of Contents
- Introduction
- Business Income
- Buy Me A Coffee Support
- Thinkific Course Sales
- Etsy Shop Sales
- Financial Coaching
- Media Vine Ad Revenue
- Affiliate Sales and Sponsorships
- Google AdSense Revenue
- Total Business Income
- Extra Income
- City Cash Back
- Chase Cash Back
- Love Sack Price Adjustment
- Rakuten Cash Back
- Ally Bonus
- Total Extra Income
- Goal Tracker
- Business Expenses
- Envelopes and Stamps
- Google Workspace
- Sticker Meal
- Virtual Address
- Thinkific Course Platform
- LT Media Editing Services
- Total Business Expenses
- Conclusion
My Side Hustle Earnings Report for November 2023
Introduction
Welcome back to my channel! In this video, I'll be sharing my income report for November 2023. This income report focuses specifically on my side hustle earnings and does not include the income from my full-time job. I will also be discussing my business expenses and providing an overview of my extra income sources. Let's dive into the details!
Business Income
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Buy Me A Coffee Support
The smallest source of income for my side hustle in November was through the "Buy Me A Coffee" platform. Natalia, a generous supporter, bought me five coffees totaling $22.35.
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Thinkific Course Sales
On the Thinkific platform, I launched a course in November. Though it didn't go as expected, I made two sales, earning $189.92 after deducting fees.
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Etsy Shop Sales
I have an Etsy shop specializing in finance-related items such as digital downloads and cute finance stickers. In November, I earned $289.56 from Etsy sales.
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Financial Coaching
Offering one-on-one financial coaching sessions is one of my favorite things to do. In November, I earned $327 from coaching sessions.
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Media Vine Ad Revenue
Display ads on my lifestyle blog, "Living Like Lila," generated $522.66 in ad revenue. This income is from the previous three months as Media Vine pays out with a slight delay.
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Affiliate Sales and Sponsorships
In November, I earned $683.42 from affiliate sales and sponsorships. While it wasn't a significant month for these earnings, I anticipate a higher income in December.
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Google AdSense Revenue
YouTube ad revenue from Google AdSense brought in $1,168.56, contributing to the overall business income.
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Total Business Income
Combining all the income sources mentioned above, my total business income for November was $3,229.
Extra Income
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City Cash Back
Through the City Custom Cash Card, which rewards 5% cash back on groceries, I earned $15.39.
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Chase Cash Back
Thanks to the Chase Cash Back program, I received $615. This higher amount was due to the 5% cash back on PayPal purchases during the fourth quarter.
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Love Sack Price Adjustment
I received a refund of $103.23 from Love Sack as a price adjustment. This happened after purchasing a Love Sack at 20% off, and shortly after, they offered a 30% discount during an early Black Friday sale.
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Rakuten Cash Back
Utilizing the Rakuten cashback browser extension, I earned $124.18 in cash back for my online shopping. The majority of this amount came from referral bonuses.
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Ally Bonus
By opening an Ally checking account and meeting the requirements, I received a $200 bonus. This increased my extra income by $54.98.
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Total Extra Income
Adding up all the extra income sources, my total extra income for November was $54.98.
Goal Tracker
Throughout 2023, I set a business income goal of $30,000. By November, not only had I achieved this goal, but I had surpassed it. With a business income of over $3,200 for November, my total earnings for the year reached $38,981.
Business Expenses
In November, I had several business expenses to sustain and grow my side hustle. Here's a breakdown of these expenses:
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Envelopes and Stamps
To ship out orders from my Etsy shop, I purchased envelopes and stamps, costing $15.85.
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Google Workspace
I paid $18 for Google Workspace, which enables me to manage my online business effectively.
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Sticker Meal
I invested in larger version iHeart cashback stickers, purchasing them at a discounted price of $20.14 from Sticker Meal.
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Virtual Address
To maintain my privacy when shipping Etsy orders, I rented a virtual address in Atlanta, costing $957 for a full year.
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Thinkific Course Platform
I upgraded my Thinkific course platform for $362.05 to enable a hidden group coaching feature, which ultimately was not successful.
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LT Media Editing Services
For YouTube shorts editing, I utilized LT Media's services, amounting to $800.
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Total Business Expenses
In total, my business expenses for November totaled $1,318.
Conclusion
November 2023 has been a month of experimentation and investing in my side hustle. While facing some setbacks and business failures, I am proud of my progress and grateful to my supporters. Despite the higher expenses this month, I can write them off during tax time. I am excited to continue learning and growing my side hustle in 2024. Thank you for watching, and I appreciate your ongoing support!
Highlights
- November 2023 income report for my side hustle earnings
- Detailed breakdown of business income and extra income sources
- Exceeded my business income goal of $30,000 for the year
- Overview of business expenses and the importance of tax write-offs
- Reflection on experimentation and investments made throughout the year
FAQ
Q: How did you exceed your business income goal for 2023?
A: Through a combination of various income sources, including course sales, Etsy shop earnings, coaching sessions, ad revenue, affiliate sales, and sponsorships, my business income exceeded the set goal.
Q: Can you provide more details on your extra income sources?
A: My extra income sources include cashback from credit cards, price adjustments, cashback extensions like Rakuten, and bonuses from financial institutions. These additional earnings helped supplement my main business income.
Q: What lessons have you learned from your business expenses in November?
A: While some expenses didn't yield the expected results, I am grateful for the opportunity to experiment and learn from these experiences. Moving forward, I will focus on more fruitful investments and avoid unnecessary expenses.
Q: How do you manage your side hustle along with your full-time job?
A: Balancing my side hustle and full-time job requires effective time management and prioritization. I allocate specific time slots for my side hustle tasks, such as content creation, coaching sessions, and managing my online platforms.