My Income Report – Just To Mess With John Chow

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I have a lot of respect for John Chow. I’ve met him a couple of times and I read his blog (like a lot of folks). One of the things he does is post monthly income reports of how much money he makes on his blog.

Now, I’m not a guy who thinks that kind of thing is really necessary. Personally, I find it to be a little like flashing a wad of hundreds in the face of starving kids. I mean, we get it. You make good cash. Flaunting it seems like little more than an ego boost for John. It does, of course, give him credibility and I’m sure that’s why he does it.

I do not make as much money as John Chow. Nor do I give a shit. I’m not going to parade a breakdown of every little source of income because, to be blunt, it isn’t supposed to be broad public knowledge. However, what I will do is give a few months of income, and then I’ll give you a list of my primary income streams.

So, here is a total of gross income for the last 3 complete calendar months:

July 2008: $9,761.42
August 2008: $11,553.89
September 2008: $8,794.92

October isn’t over yet, obviously. Mind you, as it bears repeating, this is GROSS income. Out of this comes all business bills, including paying Rich. Then, what’s left goes to my personal bank accounts where I pay personal bills (which are fairly substantial right now). All in all, I’m living a comfortable life, however those figures might lead to the conclusion that I’m sitting here on a pile of cash. I’m not. Most of what I make ends up going right back out again. That’s just reality.

Perhaps I could live cheaper if I ditched my house, insurance for the family, my car, etc. But, I don’t plan on it. I work so I can enjoy my life, not hang my paper towels out to dry.

Now, my income primarily comes from the following programs right now (in order):

  1. Banner Advertising (using Google Adsense, Adify, Tribal Fusion, primarily)
  2. Premium membership revenue from PCMech.com
  3. Affiliate commissions (primarily Clickbank)
  4. Product sales in the PCMech Store
  5. Consulting

The most important lesson is the obvious one: Have more than one income source. I diversify where my income comes from as much as possible. And, I am making a definite effort to increase the revenue coming from my membership program. It is working and I expect that program to grow nicely over the coming months. My intention, aside from making more money, is also to become less dependent on advertising. This makes my business more self-sufficient.

So, there you have it. At least now you know that when I call myself a six figure blogger, I’m not messing around.

And if you work for the IRS, stop reading my blog. Bitch. 😉

7 Comments

  1. John Hall says:

    Yes. More than one income source. We're hearing that a lot lately. All the gurus and wannabees are saying the same thing. Couldn't agree more. The sky will “be falling” for a while yet. I'm glad the membership program is going forward, and that I'm not the soul supporter of your efforts. By your growing the program, can I expect a PCMech T Shirt in my mailbox anytime soon? John Cow has his youth, and he caught on to this thing with a vengeance. Reading his stuff his sometimes a chore. But he's apparently doing something right. Not everyone's cup of tea, but helpful nonetheless. Got his ebook. Good stuff.

  2. Sharron says:

    Talking about cups of tea: Have you ever tried recycling tea-bags? Forget hanging paper towels out to dry – Save a fortune by making 3 cups of tea out of a single tea-bag. (They get quite impotent after 3 uses and lose all flavour even if you do hang then out to dry overnight.) Average saving = £25GBP per year. – That’s around £2000 ($3340 at today’s exchange rate.) in a lifetime: ‘Could buy a new Mac with that, have Apple upgrade it, and pay Apple’s repair bills when it went wrong!

  3. Sharron says:

    Talking about cups of tea: Have you ever tried recycling tea-bags? Forget hanging paper towels out to dry – Save a fortune by making 3 cups of tea out of a single tea-bag. (They get quite impotent after 3 uses and lose all flavour even if you do hang then out to dry overnight.) Average saving = £25GBP per year. – That’s around £2000 ($3340 at today’s exchange rate.) in a lifetime: ‘Could buy a new Mac with that, have Apple upgrade it, and pay Apple’s repair bills when it went wrong!

  4. delima says:

    I think the main reason John Chow post monthly income is because he wants to show everyone including Google that without Google he can make a big money, that's what I got

  5. delima says:

    I think the main reason John Chow post monthly income is because he wants to show everyone including Google that without Google he can make a big money, that's what I got

  6. Yes I guess delima is right……He shows off too much..

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