Thirty Sixth Income Report – March 2016 ($1012.92)

Are you curious about a one-year delay? I explained it in my first income report.


36th Income Report March 2016Life in March 2016 was routine and relatively uneventful.

I hustled as usual, though the amount of time needed for my day job was still challenging (I found a couple of entries in my journal mentioning work at night).

Quora

My main focus was still Quora. That seemed to be the right strategy.

On the 17th of March, a friend forwarded me an article from Business Insider. One of my Quora answers was featured in it; I was named an author and they even provided a link to my Amazon profile. Wow, I spent a few months in 2015 trying to get into big publications—to no avail—and thanks to my hustle on Quora I had been ‘published’ in Business Insider.

To add a cherry on top, two days later my answers crossed the half a million viewings mark. Thanks to that exposure I really felt like a worthwhile author.

Oh, one more thing connected with Quora happened: I was contacted by an Indian personal development magazine and they asked me to write an editorial article for their issue about shyness.

Book Sales

36th Income Report March 2016Not even dwindling sales changed my positive mood. And dwindling they were. The honeymoon period for Bulletproof Health and Fitness was long over and the sales trend was clear: down and down.

These sales statistics motivated me to continue work on my next book. I gathered feedback from beta readers, including my mentor Aaron Walker, edited the manuscript, polished it (as much as I could, which meant it still was very raw) and sent it to Archangel Ink for further processing at the end of the month.

Writing

The whole month I wrote mostly answers for Quora. I dedicated a week’s worth of writing sessions to an editorial article.

Lent

My plan—to wake up at 4 am work and go to the breviary prayer with my church community—went fairly well. On checking my journal entries from March, I’m amazed how much I was able to achieve before 6 am.

Varia

I still had a proofreader back in March (in the good ol’ times) and every few days I was sending her a few thousand words to proofread. I didn’t post my Quora answers without proofreading.

An accounting office almost finished work on my taxes. I had to revisit them, because they made some obvious mistakes in their calculations. It appeared they made errors when converting a couple of currencies.

Reporting global sales, especially if they are in fractions of dollars, is a pain in the ass. My tax adventures didn’t finish there, either, but hopefully all those hurdles have prepared me to do it better and faster this year.

That’s It

No big events. I just kept my face to the grindstone and plugged away. Priorities were clear: Quora; Lent; taxes; using opportunities as they arose and continuing the publishing process of the next book.

The Income Report Breakdown

Income:
Amazon royalties: €1081.91 ($1218.46)
CreateSpace royalties: €49.16 ($55.06)
Draft2Digital royalties for 2015 and January 2016: $119.75
Coach.me fees: $31.54

Total: $1424.81
A notable new position in my income report is Draft2Digital. Unfortunately, “the rest of the world” sells less than 5% copies I sell on Amazon. Usually much less.

Costs:
$150.87, VA’s remuneration
$30, View From the Top Community fee
$29, Aweber fee
$30.30, royalties split with co-author
$23, my editor’s income share in Bulletproof Health and Fitness
$22.12, Kindle business books of my mentors
$126, a payment for accounting office
Total: $411.89

Net Result: $1012.92


Previous Income Report: February 2016

Thirty Fifth Income Report – February 2016 ($794.85)

Are you curious about a one-year delay? I explained it in my first income report.


views_16II2016At the very beginning of February 2016 I invested $200 into producing my first audiobook. I decided to create it for A Personal Mission Statement: Your Road Map to Happiness, my first book ever published. It was very short, so I didn’t have to pay much 😉

Quora adventure continued

views_13II2016I was still excited by the traction I got on Quora. I remember noting in the middle of the month that I became the most viewed writer (meaning one of the top 10 writers) in Weight Loss category. I was busy also chasing another shiny badges and awards on Quora. Publishing there was so much fun!

In Early February I discovered a hack for repurposing my books’ content into Quora answers. For my books creation I used a very specific outlining process and its last step is filling the outline points with questions.

I discovered that it’s relatively easy (easier than trying to search relevant questions manually) to pair Quora questions with questions from my outlines. It saved me a lot of research time.

Publicity

I published a couple of guest posts in February. One was inspired by my Quora success. I also gave one or two podcasts interview.

On 17th of February I got an offer from a fellow author who met me in an authors group on Facebook. He wanted me to contribute to his book about writing. The book was going to be in form of interviews with authors. I gladly agreed and spent 4 days writing my answers to his interview questions.

Marketing

Inspired by Steve Scott I gave another shoot to getting on BookBub. I chiseled a nice comment and the answer was the same as always: nothing. That was the straw that broke the camel’s back. I quit on any new attempts for the whole next year.

Half-accidentally I discovered that adding readers’ reviews in Editorial Reviews section on a book page provides much higher conversion from browsers to buyers.
I added those reviews to The Art of Persistence page while preparing it for a BookBub pitch.

Then I noticed that the sales for this book increased out of the blue.
February 2016 Income ReportWell, “the blue” appeared to be editorial reviews. I started gradually adding this section to most of my books. Puzzling, but not all of them enjoyed the same effect of increased sales. I discovered why in September at last.

Taxes

I was preparing to include my royalties in my tax form for the first time. In 2014 I paid 30% of tax withholding and Amazon didn’t collect my Polish tax ID, so I saved myself the trouble and didn’t reveal to a tax office this income stream. In the end I wouldn’t have had to pay even a dime of taxes, because 30% was a way more than a starting author should pay. But in 2015 the withhold was only 10% and it was collected under my tax ID.

I phoned to a few accountant firms before one of them hesitantly agreed to have a look. When I met with them their people seemed to be as afraid of presenting this strange multinational atypical stream of income to a tax office as I was.

Also, both my accumulated incomes from Coach.me and Draft2Digital exceeded $100, so I decided it was high enough to bother with filling tax forms for them. I had to fill some US forms and provide my Polish tax ID. I managed to do that in February, but I was too late for the February payment for D2D.

Lent

Lent started early in 2015. I decided to attend breviary prayer at 6 am with my church community every day. The plan was (apart from obvious spiritual benefits) that it will force me to better organize my evenings and after the Lent I will be able to wake up 4 am every day and work for an hour or two on my business. The first phase went good.

The Income Report Breakdown

Income:
Amazon royalties: €791.72 ($878.81)
CreateSpace royalties: €77.56 ($86.09)
Coach.me fees from 2015 and January 2016: $186.5

Total: $1151.4

Costs:
$21.5, proofreading services Fiverr
$30, View From the Top Community fee
$29, Aweber fee
$40.40, royalties split with co-author
$200, audiobook of A Personal Mission Statement: Your Road Map to Happiness
$4.9, Kindle business books of my mentors
$30.75, first month of Business on Purpose mastermind
Total: $356.55

Net Result: $794.85


Previous Income Report: January 2016

Thirty Fourth Income Report – January 2016 ($833.33)

Are you curious about a one-year delay? I explained it in my first income report.


Thirty fourth income report January 2016
January 2016 started on a high note. When I checked my sales on the 2nd, I found I’d sold over 100 copies on the 1st of January.

That was the first time ever that I’d sold over 100 copies of my books without any main event: a big promotion, book launch or participating in a book event. I did have two minor promos scheduled that day, but these had almost never worked for me in the past.

And it was still a ‘honeymoon period’ for Bulletproof Health and Fitness. Still, discovering these sales made my day. I bragged about it in a few author groups and fellow authors were very appreciative of my “achievement”.
Book sales continued at a decent level too, even when I finally increased the price of “Bulletproof…” Income wise it wasn’t a bad month at all.

I also sold the biggest number of print copies: all 39 of them! That was my record that held until August 2016.

Publishing

At the beginning of January, I finally submitted “Bulletproof’s…” manuscript on Draft2Digital. I didn’t do much else publishing-wise in January, apart from a few sessions tidying up some aspects of Book #14. I organized a few minor promos for the latest book, on top of ones I had previously scheduled. In their case all I had to keep an eye on what was happening and raise or lower prices as needed.

I was pleased there was little else I needed to do, because the frantic pace at my day job continued. I worked in the evenings and on the weekends. I was exhausted.

My Quora adventure

In December I had a foretaste of what success on Quora looks like. It exceeded my expectations. I got one nice surprise after another: one of my answers got 7,000 views in the first day; another one, that was buried under dozens of other answers, was suddenly dug out and put at the top of a huge thread; my blog posts from the beginnings of ExpandBeyondYourself were getting thousands of views.

That was a great ride.
I shared my results (and my joy!) in author groups on Facebook. I stirred some interest and inspired some followers. One of them got even better results than me. My Quora success drew attention of big fishes and at the end of the month I pitched a guest post idea to a couple of bloggers.

In the meantime, I kept writing for Quora and repurposing my old content for that platform.

Writing

Apart from Quora answers, I had been writing blog posts, email broadcasts, book reviews and guest posts.
I published a guest post on Marta Tuchowska’s Holistic Wellness Project. Actually, the post was published in February, but I finished and submitted it in January.

The Income Report Breakdown

Income:
Amazon royalties: €982.13 ($1079.24)
CreateSpace royalties: €39.85 ($43.83)

Total: $1123.07

Costs:
$10, BookTastic’s promo of Bulletproof Health and Fitness
$21.5, proofreading services Fiverr
$30, View From the Top Community fee
$29, Aweber fee
$35.35, royalties split with co-author
$121, my editor’s share in Know Yourself Like Your Success Depends on It first 3 months profits
$40.4, a print copy of Derek Doepker’s Break Through Your BS
$2.84, a Kindle copy of Quora Domination
Total: $289.74

Net Result: $833.33


Previous Income Report: December 2015

Thirty First Income Report October 2015 ($955.01)

Are you curious about a one-year delay? I explained it in my first income report.


I hustled in October 2015 like crazy.

I published two books that month, the introduction and 1st volume of my Six Simple Steps to Success series.
The introduction was very short, only 7,500 words, and I did the main bulk of pre-production in September. In the first week of October I published it on Draft2Digital and made it a free book. On the 11th I published it on Amazon.
Four days later I uploaded on Amazon Know Yourself Like Your Success Depends on It.
Continue reading

Thirthieth Income Report September 2015 (-$217.35)

Are you curious about a one-year delay? I explained it in my first income report.


30th income report September 2015In September I still hadn’t recovered from the Slicing the Hype catastrophe. I tried to revive it and organized a free promo. It cost me almost $60, I gave away over 1,500 copies, but I sold only 16 copies in the result.
A moderate success of “99… Stories” didn’t help much, because I didn’t identify with that book. I hadn’t written the content, so I felt more of a publisher than a writer of it.
Continue reading

Twenty Ninth Income Report August 2015 ($459.87)

Are you curious about a one-year delay? I explained it in my first income report.


99 Perseverance Success StoriesAugust 2015 was the month concentrated around a new job. As you can imagine the job transition disrupted my routine a lot. I needed to finish projects and documentation in an old job. In the constant hurry and exhaustion I made the biggest mistake in my career and blew up all the copies of a production database. It took me about a week to fix that one. Continue reading

Twenty Eighth Income Report – July 2015 ($1042.56)

Are you curious about a one-year delay? I explained it in my first income report.


I took it easy in July 2015. I was still affected by the disaster of Slicing the Hype launch. I had enough of publishing.

Fortunately for me, at the beginning of this month my partner finished writing our joint-venture book. I wouldn’t have published anything on my own, but for my friend’s sake I took care of the publishing process. I ordered proofreading from Archangel Ink and a cover, informed my subscribers about a new project, prepared a pre-order page and so on.
Continue reading