Is it your first time here? Wondering what this is all about?

After thinking extensively about money, working from home, and being your own boss… I decided to open up about my intention to earn $100,000 in 2017 and in doing so, committed to publishing my earnings as I go. Each month I’m releasing my freelancer Earnings Reports here at the blog. You can read more about it here, or read last month’s earnings.

This project is as much about getting back into blogging as it is to show people the path of freelancing.

One of the best things to be coming from this series is how many people are deciding to open up about their salaries and/or work life with peers and coworkers. Many of you have reached out in private to thank me, or show support. Many others have done so in the comments… If you’re reading along and haven’t left a comment yet, let us know in the comments.

Out of the gate, I was feeling sheepish at missing my mark. Now I’m a quarter of the way through the year and nowhere close, so I guess I’m easing up on the anxiety of not actually making it to $100,000. I’m realizing that at this point it’s possible; it’s very possible. With that said, we’re going to do what we can to avoid it.

In the future I’m hoping to really pare these emails down to something more manageable and easy to churn out. I want this to be a blog about freeing yourself from the shackles of a 9–5 more than I care about hitting $100 measly thousand… you, me, everyone should be aiming a lot more than that anyway.

So let’s take a look at last month…

 


 

last month earnings report

(source: Michael Stidham)

Things continued to pick up through April

Last month I got caught with my pants down, by not having planned ahead enough and opening new projects. In March I’d only opened $660 and knew that was something I had to improve on, as new projects are what primes us for the following month. It’s a ripple effect.

In April things continued to roll forward. I opened up twice the work I did in March, but closed a thousand bucks less than in March.

 

In April I opened $1,520 and closed $2,612 (USD)

 

Here’s a quote from my last Earnings Report:

“If there’s one place I really didn’t pull my weight in March, it was in the balance between Opening Projects and Delivering Projects. That is to say, I worked hard, and got a lot of work out the door to a bunch of happy clients, but I didn’t stay consistent with the amount of conversations I was maintaining while I was working.”

This is the ripple effect in action…

April suffered because March suffered. Every month that suffers, two, three, four months after that also suffer. This highlights the importance of consistency.

 

 

next month's income predictions

(source: Michael Stidham)

With success in mind, let’s look forward to May…

Even though my Closed income dipped in April, my Opened income improved and things started to turn up in April which made me happy and gives me something to continue working from for May.

Rather than drag this post out any further, I’m hitting Publish and sending out the email with a focus on publishing a post less tied to me and more tied to the idea of making money on your own.

More than anything, I’d love to hear about what you’re working on. Many of you are holding down full time jobs but working on the side, and this is the type of thing other people want to hear about and get inspired from.

Recently I’ve seen friends branch off and start Photography businesses, coaching/consulting businesses, social media marketing businesses, monthly subscription boxes, and local businesses targeted at their home town.

What about you? Leave a comment below and let us know what you’re creating (Yes, even if it’s not for money!!)

 

 

 

 

 

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