Why Start Publishing Monthly Income Reports

Today, I’ll be talking about publishing monthly income reports. If you don’t know what that is, it’s very popular in the blogging industry. Basically, a business owner shares their earnings and expenses for the month, what they worked on, the lessons they learned, anything else going on in their business and in their life if they want to, the mistakes they made, the best tips they can give their audience, etc. This turns into this powerful piece of content that can inspire others, show them what’s going on behind the scenes of a business, what happens over the course of a month, how profitable a business venture can be, but also the ups and downs, because there are some low months. Back when I was starting my blog, which was in 2013, I knew nothing about blogging. I didn’t have the confidence that I could make money online, and it just began as a hobby. But I was reading many of these income reports by other bloggers. Some were making six figures a month, others six figures per year. Some were making a couple thousand and some just a few hundred. But from each of them, I learned something. They helped me realize it’s possible. And because it’s possible for them, it’s also possible for me. They started from nothing, they weren’t any more special than me or than anyone else, so that was encouraging. It was the type of content that kept me accountable month after month. I was seeing that they do the work, they earn the revenue, and I wanted to get there. So I kept working on my blog. At the end of the day, it’s all about consistency, right? Most people just give up before there are any results. But if you keep taking action in your business, month after month, eventually you’ll make profit. So I started dreaming bigger thanks to reading those income reports. But also, I began thinking about the daily steps that were going to lead to the big vision. I started focusing on the day-to-day blogging activities that were ultimately going to lead to massive progress in a year or two or however long that was going to take. The beginning of my income reports Eventually, I started earning my first money from my blog in a few different ways, and then I began publishing my income reports. At first, it was scary because you have to be vulnerable and brutally honest. In the beginning, you’re definitely not proud of the income you have, but by sharing it, you’re doing so much for others and for yourself. First of all, any income matters, even if you earned one dollar or let’s say a few cents, which can easily happen even a few days after you start your blog, from advertising or affiliate marketing. Well, that’s a few cents more than the blogger who is just starting out and doesn’t know how to monetize at all. So you have something to share already,