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Business Archive

Monday

28

November 2016

4

COMMENTS

Online Income: $7,369 in October 2016 + My Thoughts on Job Boards

Written by , Posted in Business

Wow! I can't believe how this woman earned over $7,000 online last month. It's amazing!After the craziness of September, I thought October would be better. Alas, I was wrong.

I took about a week off in September for FinCon and a short vacation (with a terrible AirBnb experience) in San Diego afterward, which meant I had to do a lot of extra work before and after my trip.

Then just three short weeks later, I took a road trip with my grandma to visit some of her family in Illinois.

It was about a 10.5 hour drive one-way and we stayed for 6 days. I took my computer with me so I could work while she was visiting with her siblings and other family members, but it was difficult to work with the extra distractions and without my second monitor. That thing seriously improves my productivity! If there’s one thing that’s helped me most with my freelance work, I’d have to say it’s either my Macbook Pro or my extra monitor that I use to extend my desktop. #lifechanging

But that is the beauty of being self-employed and location independent. I was the only one who could take my grandma on this trip without having to take time off from work since I took my work with me. I know it meant a lot for her to visit with her family as some of her siblings are not in the greatest health and they had fun reminiscing about “the good old days”.

Even with the craziness of travel, I still had a decent month income-wise. I invoiced for over $10K for the first time in October, but not all of the payments came in before the end of the month. As you know, I account for my income in the month it was received. So the income that came in after November 1st from invoices at the end of October will be counted in next month’s report.

Here’s a closer look at how I earned (and spent) money last month in my business:

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Monday

7

November 2016

14

COMMENTS

8 Great Gifts for Solopreneurs Who Work From Home

Written by , Posted in Business, Life

If you are Christmas shopping for solopreneurs who work from home, here are 8 great gift ideas that will make you their favorite person of the year.Christmas is coming! If you haven’t already started your gift shopping, now is the time.

I’ve heard in the past from friends and family that I’m a hard person to shop for. Personally, I don’t see it. I have a very easy time shopping for me. 😉

Some of my friends have also said that now that I’m a solopreneur and I work from home, they are even more puzzled about what to get me.

That one makes more sense because I definitely agree that I’m harder to shop for now than I used to be.

In the past people would be pretty safe by giving me a scarf, a piece of “costume” jewelry, or a gift certificate for some of these things. But now that I’m under no real pressure to even change out of my pajamas most days, and rarely wear accessories when I do get dressed, it could be a real struggle to find a great gift for me for Christmas.

But, that’s not the entire point of this post. I think it’s actually quite hard to shop for a lot of solopreneurs who work from home. Unless you really know what these solopreneurs do for work and what they might want or need this holiday season, you might find yourself hurriedly shopping at the last-minute and still ending up with a gift you aren’t confident about.

Luckily, I’ve got your back! 🙂

If you are shopping for me, or another solopreneur who works from home, here are 8 great gift ideas that will make you our favorite person of the year.

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Wednesday

12

October 2016

4

COMMENTS

Online Income: $8,050 in September 2016 + How I Save for Taxes

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I'm tackling a reader question this month about how I save for taxes, as well as sharing my online income and expenses from running my business.September was a crazy, crazy month. I worked like a mad woman before FinCon so I wouldn’t have much to do while I was attending the conference.

It mostly paid off. I took my computer but I only used it once or twice for a few minutes during the conference.

After FinCon, Erin, Chonce, and I stayed in San Diego for a couple of extra days. We even had fun recording a “sleepover edition” of our podcast. 🙂

We stayed at an AirBnb which was a learning experience to say the least. I do think I’ll try AirBnb again, but I will definitely have a better idea of what to look for before booking next time. I’ll likely turn this into a post in the future, so be looking for that.

During those days after the conference, my urge to work was strong. I had tons of emails to catch up on and even some clients who were making it almost impossible for me to NOT think about work.

While I’ve been very happy with my income growth over the past year, I might have to make some changes to my business structure in order to ease the pressure a little bit. Currently it’s very hard for me to have time away and I had to have some stern conversations with some clients about boundaries.

Have any of you who freelance ever struggled with this? I’m curious to know…

Anyhow, here’s a deeper look into how I made money, and spent money, with my business last month.

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Monday

12

September 2016

26

COMMENTS

Online Income: $8,240 in August 2016

Written by , Posted in Business

Wow! I never knew you could earn so much money online. I can't wait to try out these awesome strategies!After a lower month of income last month, it’s great to see that August was my highest earning month ever!

My hard work in July finally paid off in August’s income.

If that sounds confusing to you, the reason why is because I’m basically paid in arrears for much of my work. I do get some pre-payment for services, but many of them are paid at the end of each month after work has been performed.

This means that if the income was received after July 31, even though it was for July work, the income was counted in August.

The reason I do my accounting this way is because you never know what can happen. A client may pay you very late or not at all, and you don’t want to have already accounted for that income if you don’t end up receiving it.

This is just another reason why solopreneurs have to hustle and why an emergency fund or buffer of some sort is 100% necessary when you run your own business.

Here’s a deeper look into how I made money, and spent money, with my business last month.

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Thursday

11

August 2016

26

COMMENTS

Online Income: $5,436 in July 2016

Written by , Posted in Business

Last month I made over $5,000 working from home. How did I do it working from home? Check out my sources of income here.I’ve said it before and I’ll say it again. Running your own business means dealing with a lot of ups and downs – both financially and emotionally.

I’m a little sad to report that this is the lowest income month I’ve had this year. The worst part is that I felt like I worked more in July than I did in the previous two months, but my income didn’t reflect that.

Part of the reason things like this can happen is because a lot of my income isn’t counted until the month after I’ve done my work. I can’t invoice for freelance writing and other projects until after they are completed. For my steady clients that I work with each week, this is the last business day of the month. And I’ve never counted my income until it actually hits my bank account, not when I’ve invoiced for it.

This is just another reason why solopreneurs have to hustle and why an emergency fund or buffer of some sort is 100% necessary when you run your own business.

Here’s a deeper look into how I made money, and spent money, with my business last month.

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