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August 2016 Monthly Income Report

in Income Reports

Monthly Income Report August 2016

No big comments this time around. I’m really just catching up on the posts which I’m behind on and the retrospective is a bit pointless due to lack of context. Therefore let me rush through the facts for you.

Year-on-Year Performance

Based on my own sales tracking, August saw EU gross sales which increased by 0.3% versus the previous month (108.7% up on the US marketplace!) and about 6.6% higher than the same period last year. Not a major increase from one month to another but the performance compared to last year is a good sign. Generally my own monthly tracking isn’t super precise as it only looks at the basic sales price of the shirt. However, depending on which countries the products get shipped to, the net payout is quite different. For example for EU countries, I get deducted the VAT of the relevant countries. But with Switzerland and Norway I get the full amount because the VAT is charged on top of the shirt sales price. Don’t ask me why, it’s odd. But it ends up adding some confusion to the whole process.

Redbubble Sales Stable

Another good Redbubble month. Sales even went up a bit more. One thing is clear. Once you’ve hit a certain number of sales, they remain quite stable on Redbubble. It’s nowhere near as volatile as on Spreadshirt. Probably also because most of the revenue comes from sticker sales. Also, it seems there is also a clear correlation between how many designs you have and how much earnings you rake it. It makes me think that I should really start uploading those remaining designs that I have. I could probably easily double my earnings.

Monthly T-Shirt Income Report

I’m looking forward to reading your questions and comments. If there’s any particular position that you would like to know more about, then let me know and I will try to clarify.

EUR USD Last Month
Spreadshirt Marketplace EU 2,345.68 2,629.98 5,043.28
Spreadshirt Marketplace US 240.67 269.84 395.82
Redbubble Commissions 99.82 111.92 107.88
GoCaptain Sales
Miscellaneous Hosting Services to 3rd Parties 66.97
Expense Positions EUR USD Last Month
Deutsche Post (Shipping Costs)
Dropscan (Mail Scanning Service) 9.66 10.83 14.89
Facebook (Advertising) 66.52
GitHub (Micro Personal Plan) 6.24 7.00 7.00
Google API Services (mostly translation)
Google Drive 1.79 2.01
Google for Work (Monthly Subscription) 12.00 13.45 13.28
HostGator (Web Hosting Services) 10.66 11.95 11.95
JetBrains PHP Storm (Monthly Software Subscription) 8.90 9.98 9.85
Laracasts (Monthly Subscription) 8.03 9.00 9.00
Namecheap (Domain Name Registration Fees)
Noun Project (NounPro Subscription) 8.91 9.99 9.99
PureVPN (Annual Subscription) 44.95
Shopify Basic Subscription (for www.gocaptain.com) 25.87 29.00 29.90
Xing (Quarterly Subscription)
Tax Adviser (Quarterly Booking)
Net Operating Profit (excl. all taxes) 2,594.12 2,908.52 5,330.54
Tax Elements EUR USD Last Month
VAT on Income 445.68 499.70 970.95
VAT on Expenses 2.18 2.44 2.83
Net VAT to be paid to the Tax Man 443.50 497.26 968.12

*EUR/USD Exchange Rate for August 2016: 1.1212

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