My December 2013 Income Report

January 7, 2014 in Income Reports

Welcome to my December 2013 income report! We’ve reached the end of the year and it’s time to see how the last month of 2013 turned out. If you’ve never read one of my income reports before, this is where I total up how much I earn each month through my various online projects. I post my income reports here to keep track of my progress so I can look back and see how I’m doing on the goals I’ve set for myself this year.

I Can Now Call Myself An App Developer

Fortune Cookie Reader App

The process of developing my first iOS app was a rocky one. In fact, I am still trying to make sense of all the ad networks and SDKs that are used in the app industry. However, I was successful in finishing and publishing my app in the Apple App Store. The app is called Fortune Cookie Reader and is a simple app that displays inspirational messages in a text window.

I went with the ‘Freemium” model which means my app is free in the app store. But the app is fully monetized so I can generate income with it. So this month, I’ve added the category of Mobile Apps here in my inome report. Fortune Cookie Reader went live on December 16, 2013 and has seen some decent downloads in the last 2 weeks of December. One of my goals was to get an app into the App Store before Christmas. I succeeded and happy that I have a new source of income for my portfolio.

Fortune Cookie Reader Screenshots

Please take a look at Fortune Cookie Reader here and let me know what you think! I’m now starting on a new app based on the same source code I bought. I’m actually making some money from this app so I need to start working on more apps. I have several other source codes I bought that I will be developing in 2014.

Fortune Cookie Reader started out with an average of about 100 downloads a day the first week it was released. Now it averages about 30 downloads a day and holding steady. I’m going to release another fortune cookie based app soon using this same source code. The great thing about reskinning apps is that it gets easier and quicker in subsequent versions. Since I knew nothing about reskinning apps, I followed the instructions in this course called How to Reskin an App from Start to Finish Using a Text Generator. This course taught me everything I needed to know about reskinning the exact source code I bought. The video course is $97 and the app source code I bought was $99 for an unlimited license (sold separately).

Note: If you want a both source code and video instruction together, check out the other source codes I’ve listed on this site.

Jokes-Reskin-Course-Image-400-pix

For just under $200 total, I now have the ability to crank out multiple apps without having to pay another dime! The course is very thorough and explains where you can buy the text generator source code I’m using. It’s a great way to get into app development with very little investment. I made all the graphics myself so I was able to save money by doing that.

My app also has In App Purchases (IAPs) and I’m trying to make sense of the sale report page from Apple. At first I didn’t think I got any sales from In App Purchases but after digging around, I found that I made one sale within the IAPs. At least I got one! I may play with the pricing of my IAPs since it is easy to change the prices in iTunes Connect without having to resubmit the app. The app has 4 IAPs at $1.99 and one at .99.

More YouTube Videos

YouTube videos continue to surprise me how great an asset they are for my portfolio. I created 2 new videos in December which didn’t generate any income (yet)… but the videos I created in the past continue to generate views. I’ve said in the past, YouTube is a long-term investment in time and creativity that will pay off in the years to come. Video production is what I do in my day job so it totally makes sense for me to create YouTube videos for my own business. Right after Christmas, I shot and edited a demonstration video for the Lego City Garage set number 4207. This is the first toy video I’ve made but I do know that lots of people watch Lego videos on YouTube.

At this point, I know that making YouTube videos is a better use of my time than building websites. In time, I will be making more money with YouTube than any niche website I’ve ever built! I remember one of my readers telling me that they are able to pay off their cable bill with their YouTube videos. I keep that thought in the back of my mind as a goal. I can’t pay off my own cable bill yet with YouTube, but I’m confident that day will come.

Publishing Success

I hired a new author on Elance to write a new book for me. If you remember from last month, the previous writer I hired bailed out on me at the last minute. Self-publishing continues to be my most successful business endeavor. If you’ve seen my income reports throughout the year, you can see how sales from books surpassess all other things I’ve worked on. What’s surprising is that I only have 4 books on Amazon. But Kindle books aren’t my highest earners. The best performers are my print books from Createspace. So on Amazon, I sell both Kindle and print versions of each of the 4 titles I have. And every month, Createspace outperforms Kindle by at least double. December really took off with Createspace sales and is my best month ever! I’m sure it had something to do with people giving books as gifts for Christmas.

Take a look at this report from my Createspace Dashboard. I sold a total of 159 print books with only 4 titles in the marketplace:

Createspace December 2013 Sales

Compare that with sales from my Kindle account dashboard. I only sold 47 Kindle books. These are the exact same titles except in ebook format:

Kindle December 2013 Sales

As you can see, Createspace sales in December was 3 times that of Kindle! I can only imagine when I have more titles how that will directly impact my monthly income. So in the coming year, I will be publishing more physical books with a secondary emphasis on converting them to Kindle. By the way, I have taken all my books out of KDP Select so that means no one can borrow my books. I think I’m losing out by not having them available for borrowing because I get paid for borrows also. The reason I took my books out of KDP Select is so that I can sell these books on NookPress… However, that is proving to be bad judgement call I made. I think I can make more from borrows than from the almost non-existant sales I’m getting over at NookPress. That’s it for the updates, here’s my December Income Report:

Kindle Publishing

  • Total: $114.97
    • Last Month: $150.22
    • Difference (-$35.25)

Amazon Associates

  • Total: $25.99
    • Last Month: $58.72
    • Difference: (-$32.73)

Clickbank

  • Total: $0.00
    • Last Month: $0.00
    • Difference: ($0.00)

Banner Ads

  • Total: $35.17
    • Last Month: $43.26
    • Difference: (-$8.09)

YouTube

  • Total: $75.73
    • Last Month: $55.55
    • Difference: (-$20.18)

Commission Junction

  • Total: $14.60
    • Last month: $0.00
    • Difference: (+$14.60)

Createspace Publishing

  • Total: $416.38
    • Last Month: $199.94
    • Difference: (+$216.44)

Nook Press

  • Total: $7.77
    • Last Month: $2.59
    • Difference: (+$5.18)

Udemy

  • Total: $130.00
    • Last Month: $264.50
    • Difference: (-$134.50)

Mobile Apps

  • Total: $24.58
    • Last Month: N/A
    • Difference: N/A

Summary

Here’s a snapshot of my December totals for easy reference.

  • Kindle Publishing: $114.97
  • Amazon Associates: $25.99
  • Clickbank: $0.00
  • Banner Ads: $35.17
  • YouTube: $75.73
  • Commission Junction: $14.60
  • Createspace: $416.38
  • Nook Press: $7.77
  • Udemy: $130.00
  • Mobile Apps: 25.98

Total this month: $846.59

  • Last month total: $774.78
  • Difference: (+$71.81)

Total earnings per day: $27.30

  • Last month earnings per day: $25.83
  • Difference: (+$1.47)

Just Missed My 2013 Goal!

If you remember what I had set out to do, my goal was to reach $1000/month by the end of the year. Unfortunately, I didn’t make it! But I did try to make the best use of my time to achieve that goal. My total of $845.19 is pretty good in my opinion. I will just have to work harder next year. One of the things that has helped me is diversification of my online portfolio. It has helped protect me from large fluctuation in my income each month. I will be adding more assets in the following year and will have new goals to strive for. I’ll have a full recap of 2013 in a future post. Hopefully your 2013 was fruitful and I wish you success in 2014!

My Latest Udemy Course

I’m currently finishing my first iOS app. But even before I bought a Mac for app development, I took the first step by creating app icon templates to use with my apps early on in this process. To help other developers or graphic designers, I created a course called How to Create Top Ranking Mobile App Icons that includes video tutorials and the exact icon templates I will be using for my apps.

How To Create Top Ranking Mobile App Icons

Click here to take a look at the promo video to see what this course is all about. The course is normally $97 but you can use the following coupon code to get this course for only $47:

COUPON47

Just copy and paste the coupon here and the discount will be applied immediately. You don’t have to be an app developer to take the course. If you’re a graphic designer, you can use the templates and video training to start an icon design business!