My September 2014 Income Report

October 30, 2014 in Income Reports

Monthly Income ReportIn an effort to be transparent about the things I do in my online business, I must share something embarrassing and humbling regarding my income report. Everything I’m involved in is filled with new things that I don’t fully understand. So I treat everything as an experiment and learn as I go. There have been lots of mistakes and failures. There have been times where I’m ecstatic about my results and times where I feel like giving it all up. However, I somehow find ways to persevere and continue on.

Well in September, I was hit by a shocking revelation due to my inexperience with app monetization. It was nothing catastrophic but it was just a matter of me not understanding how one of the ad networks reports developer revenues. The ad network I’m talking about is Upsight. When you log into the Upsight dashboard to view current income, there are 2 figures. One is for Net Ad Revenue and the other is for Net IAP Revenue. My mistake was adding up both revenue figures when calculating my income. I discovered my mistake with Upsight customer support when I was submitting my company payment info.

I thought I had reached their threshold to receive my first payment but they informed me that I had not. This completely confused me until I had several interactions with them. They said that the IAP Revenue is something that Apple pays me for. I knew how much I was making with In App Purchases that Apple was showing me but their figures did not match what was reported in Upsight. It was later that I found out that Upsight’s IAP income report is highly inaccurate unless Receipt Verification is enabled for In App Purchases. I’m not completely sure why but Upsight reports income from Apple’s In App Purchases which are completely unrelated to Upsight. But if Receipt Verification was enabled, the IAP income in my iTunes Connect and Upsight dashboard should be the same. What is happening is that there are many fraudulent purchases that greatly inflates the number that is reported in Upsight. This is something I will have to look into to understand more. As I said, I’m still learning! It sort of makes sense because I was always wondering why my Upsight income was SO much higher than all the other ad networks.

Fraudulent-IAP-Revenue

So long story short, when calculating my revenues from Upsight, I only need to pay attention to the Net Ad Revenue figure. I’m kinda relieved to have more knowledge about this issue and make my own income reports as accurate as possible. The humbling part is that my income is not quite as high as I’ve been reporting. This month’s income report will reflect the accurate figures now that I’m more informed.

New App Release

Ninja Spy Weapons IconI also released a new iPhone app in September called Ninja Spy Weapons – Swords of the Samurai and Anime Warriors for Cosplay. This is another reskin based on the Mustache Bash source code sold by Austin Church. This is my 4th reskin using this source code and I have a few more in the works. I’m getting quite familiar with this code and I’m a little faster at reskinning it. However, with the release of iOS 8, it caused several errors in the app that prevented me from uploading it for review. This was one of those times where I thought “why am I developing apps when I don’t really know anything about programming”? As usual, when I run into a roadblock, I take a couple of days off of the project and work on something else. When I come back, I don’t have those desperate emotions anymore and can think clearly on what my next steps should be.

What I ended up doing was hiring an iOS programmer from Pakistan to help debug my app. This guy was fantastic and he figured it out quickly. We went back and forth a few times with different files and since I have been reskinning apps for almost a year now, I was quite proud of myself being able to reconfigure some settings in Xcode he had changed during the process. The app received 950 downloads in the first week. If you get a chance check it out in iTunes.

Ninja-Spy-Weapons-Screenshots

Problems With This Website

In an effort to cut unnecessary expenses, I decided to consolidate all my websites onto one host. I have been able to easily backup and move websites using ManageWP. Everything moved over with no issues except this website which is my most active one. So for a couple of weeks, you might have seen this site with parked page, white screen, new WordPress installation and error connecting to database. Eventually I figured out how to fix the problems and learn a little bit about the files found in the WordPress folder on my host. Now that I have several issues behind me, I can start focusing on more money making tasks.

What Am I Working On?

Right now, I am getting back into Kindle publishing after some new found inspiration. I hired a writer from India to write my latest book. I designed the cover myself using the templates I created for my How to Create Bestselling Kindle Ebook Covers course on Udemy. I’m also creating a new niche site that I want to have complete in the next week or 2 and in time for Black Friday and the holiday shopping season. There is also a new app in the works that is almost complete. So it’s going to be a busy month with the year coming to a close soon. I’d better post my income figures and get back to work!

Kindle Publishing

  • Total: $123.26
    • Last Month: $75.68
    • Difference ($47.58)

Amazon Associates

  • Total: $60.09
    • Last Month: $34.84
    • Difference: ($25.25)

Banner Ads

  • Total: $47.08
    • Last Month: $69.36
    • Difference: (-$22.28)

YouTube

  • Total: $53.89
    • Last Month: $46.04
    • Difference: (-$7.85)

Commission Junction

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

Createspace Publishing

  • Total: $232.84
    • Last Month: $227.59
    • Difference: (+$5.25)

Udemy

  • Total: $96.25
    • Last Month: $163.43
    • Difference: (-$67.18)

Rakuten-Linkshare

  • Total: $38.40
    • Last Month: $4.00
    • Difference: (+$32.40)

Mobile Apps

  • Total: $158.30
    • Last Month: $240.88
    • Difference: (-$85.58)

Template Sales

  • Total: $24.50
    • Last Month: $35.00
    • Difference: (-$10.50)

Summary

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

  • Kindle Publishing: $123.26
  • Amazon Associates: $60.09
  • Banner Ads: $47.08
  • YouTube: $53.89
  • Commission Junction: $0.00
  • Createspace: $232.84
  • Udemy: $96.25
  • Linkshare: $38.40
  • Mobile Apps: 158.30
  • Template Sales: $24.50

Total this month: $834.62

  • Last month total: $896.82
  • Difference: (-$62.20)

Total earnings per day: $27.82

How to Get Started Reskinning Apps

Since I don’t know how to program, I decided to get into the area of reskinning apps. The costs are much, much lower than developing an app from scratch. And I do it without hiring a developer or graphic designer. I’ve been doing this for about 3 months now and have 3 apps in the Apple app store.

The way I did it was buying source codes that have video courses that accompany them. This is the way to go when starting out! Since I had no idea what I was doing, the reskinning courses were perfect for me. I just finished my 4th app and feel pretty comfortable now. I still don’t know everything but I could not have done it without video instruction. In fact, I have to go back and watch the video tutorials every time I reskin those source codes.

My latest app Penguin Match is based on the popular Free Flow or Jelly Flow game. This one is called Jellow and it’s a fun and addicting game. The source code comes complete with video instruction and can be found here.

Jelly Flow App Source Code and Video Course for Reskinning

I knew I had to get this source code and reskin this app because I couldn’t put the game down after I started playing. I had to keep solving the puzzles and get to the next levels. This source code has 3 ad networks already built in for monetization… just replace the app IDs with yours. It also has 8 “In-App-Purchases” that range from $0.99 to $14.99 for more opportunities to make money. The videos tell you exactly what to do from the standpoint of someone who has never built an app before. It starts from the very beginning from setting up your accounts with Apple to setting up your devices for testing. You’ll be able to go from knowing nothing about app development to publishing your first app.

If you want an inexpensive and uncomplicated way to get into app development, the Jellow source code and video course is the method I recommend! The source code includes an unlimited license so you can develop this code over and over again with different themes with no additional fees. It’s a great way to try your hand at app development without breaking the bank.