Monday, 2 April 2018

Income Report: March

One of the positives of working for yourself is that you don't have someone standing over you hurrying you along.

But one of the negatives of working for yourself is that you don't have someone standing over you hurrying you along...

I was having a conversation with a friend the other day. I realized he didn't actually appreciate the ins and outs of my portfolio career approach to life, aside from the observation, "you must have a lot of time on your hands". The fact that I work every day in one shape or form is almost irrelevant. My world isn't as easily translatable to his corporate world.

That said, he did say something that really struck me. "If you had done ABC (fill in with whatever action) during all that time you've been away from your corporate role, you could have been XYZ (fill in with whatever blue sky result)."

Obviously, the world doesn't operate in such linear terms and 20/20 hindsight is beautiful. But I must admit he did have a point. Because I was operating in my easy-going, "let's see what happens world", I haven't actually pushed on where obstacles and pain were there in front of me. It's very easy to hide when you're working for yourself. In other words, the lack of accountability has hurt.

My goal for this next quarter is to really smack a few things into place. I'm a massive fan of the Side Hustle Nation podcast hosted by Nick Loper and I bought his recent book Buy Buttons. It was a revelation! I've been dipping my toe into side hustles and the gig economy for some time but I honestly had no clue about how many ways you could make money. It's inspired me to have a look at what else I can build. I'd recommend having a read of his book if you're looking at developing side income streams.

One thing that most definitely will define my world in the near term is the possibility of a corporate role. Just because I have this portfolio career approach, it doesn't mean I won't dip in and out of the corporate world. If I get the role, things will have to change. If I don't get the role, I'll push on with several initiatives I've been holding back on and things will have to change...

Resume Writing: $1,318. Steady as she goes. But my goal is to become far less reliant on contracting via one firm so I'm not too disappointed as this figure starts to dip.

Additional Writing: $468: Not bad. I managed to do follow-up work for two recent gigs, plus I've also done some resume work separate to the contracted work I do. The reason I group it here is because it's from a separate source and the overall goal is to diversify my sources of income.

Amazon Merch: $0.09. Yes, I'm off the mark! Ok, I only sold one but it's a start. I've got some pretty cool, professionally designed T-shirts ready for purchase (Dog T-ShirtCool DogPitbull). Time to push on more.

eBook: $6.50. This is still ticking over and I made a similar amount to last month, split between a sale on Kobo and the rest on Amazon. I don't really do any marketing but it's good that it's still working (The Simple Guide to a Winning LinkedIn Profile and Craft a Winning Resume). I've also now signed up to E-Junkie as well. My next book will launch in April (I had hoped for March but life happened and that has changed) and I have high hopes that it is a topical angle on the job-hunting space.

Total: $1,792.59

This is ok, and it's not my only income stream thankfully, but it's a bit below what I now want to be the minimum here ($1,800 - $2,000) and below three of the last four months.

Looking ahead
The corporate job dynamic has been hanging around for a long time and it should be resolved within weeks. That will shape my next moves.

In the meantime, I've got to get my book out, start writing my course and see what I can get out of Buy Buttons. There are so many ways to make money out there.

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