Welcome to my Income Report where I share how much I made as a work at home mom from my online businesses!
Why do I share how much I make? While a lot of people find this information truly personal, I really don’t mind talking money. Especially when it comes to something like working from home as an entrepreneur. I want to be able to not only track my progress as my businesses grow, but also show others that you can make money from home.
Now let’s get to the good stuff…
IN SEPTEMBER 2018 I WAS ABLE TO EARN $4,237.81 WORKING FROM HOME!
Before we get to numbers I wanted to talk a little bit about how things have been going.
September was one of our better months! I actually made less than in August, but I took home more because I started getting a little more frugal about our spending. I had a goal of spending $250 or less on more inventory and although I did go over, it was only by a little bit and I’m happy with it!
I spent a lot of time in September listing items that I’ve had for a long time aka the “death pile” or the “money pile”. All that inventory sitting there unlisted isn’t going to sell! So I made it a mission to get as much of it listed as I could.
Not too much changed in September other than working on less spending. It was a good month with lots of listing and just doing the work.
Now that I got all of that covered let’s talk numbers!
HOW DID I EARN $4,237.81 WORKING FROM HOME?
This total includes a variety of different income streams which I will happily break down for you real quick.
Disclaimer: This post contains some affiliate links which pay me a small commission if you click or buy. There is never any obligation to do so, but I appreciate your support if you do decide to.
Ebay: Ebay is my main source of income and my main focus. I resell items that I find mostly at thrift stores, but also yard sales, retail stores, etc. If I can make a good profit on it, I flip it! You can sign up for eBay here if you don’t already have an account. I started with just items around the house and reinvested the money I made.
Poshmark: For selling trendier, younger and more designer clothing items I love using Poshmark. It’s an app (and a website) that I’m really starting to put more focus on. Sign up at Poshmark.com or download their app and use my code AILEENBARKER for $5 off your first purchase.
Mercari: It’s another app that you can sell pretty much anything on and my favorite part is how low the fees (10%) and shipping are. Anything heavy I like to list on Mercari because the pricing for shipping heavy items is more reasonable than anywhere else. If you want to check it out you can sign up for Mercari (or download the app) and use my code MZASRJ to get a $10 credit for your first purchase.
Etsy: Most people know Etsy for handmade items, but that’s not what I sell on there. I actually have two stores: one focuses on vintage items (the same items I have on eBay, I just post them to Etsy as well) and the other is digital downloads (like printables).
Affiliates: This include income through different affiliate programs such as Amazon Affiliates, etc. There are a ton out there, but I mainly use Amazon at the moment.
Youtube: I do make a little bit of money on YouTube and it’s been steadily growing which is fun after all the hard work I’ve been putting into it. The money from YouTube comes from ads that play on my videos.
Freelance: Even though this is something I don’t do as much as I used to, I do some freelance work. Mostly virtual assistant type work focusing on design and technical tasks like website or graphic design, setting up email lists, etc. This is something I do plan on taking on more of as time goes on. I love that there is practically no overhead and no inventory to manage.
(above screenshot taken from my GoDaddy Bookkeeping account)
BREAKDOWN OF SEPTEMBER 2018 ONLINE BUSINESS INCOME
NET PROFIT: $1,958.90
Note: I run a business that sells products so my expenses are much higher than most other online businesses that are service or digital product based.
Sales were down a bit compared to August, just a little bit. But our net income was $2000 more because I reigned back spending. I’m happy with these numbers!
EBAY INCOME BREAKDOWN
Since eBay is my main income I thought I would take a moment to break down my month on eBay so that I can compare each month.
# of items sold on Ebay: 182 (up from 141 in August)
Total sales: $4,237.81 (up from $3,705.69 in August)
Selling Costs: $1,205.42 (44%) (from $1,151.54 / 31.8% in August)
Average Sale Price (including shipping): $19.63 (down from $26.28 in August)
We sold way more items in August than September! But our average sale price is down because in August we had some high priced sales. All I can say is I spent a lot of time listing in September and it showed!
SEPTEMBER GOAL RESULTS
Less than $2,000 in expenses – FAIL – My expenses were $2,278.91
Stick to $250 sourcing budget – FAIL – I spent approximately $295 sourcing. However, this is still a win for me because I normally spend way, way more.
Since October is already almost over I thought it would be cheating to set goals so I skipped that the month.
So that’s it for this month!
If there’s anything that I missed the you’d like me to go over in my next report or if you have any questions at all please comment below!