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February 2017 Monthly Income Report

in Income Reports

Monthly Income Report February 2017

Alrighty, so Q1 2017 is all about simplification for me. These income reports for example, as much as they may be valuable to you, they cost me a lot of time and work to prepare them. The whole process is cumbersome, complicated and the level of detail I provide is killing me while doing in.

That’s why I’m going to cut them shorter. Less details on currencies and taxes, less overall text. I will still be giving a recap, but I don’t be talking all too much about my future plans. I’d rather write a different blog post on that. I hope you’re happy with the slightly new format. It will definitely help me in publishing these income reports on a more regular basis and not so SUPER late in the month 😉

Year-on-Year Performance on Spreadshirt

Based on my own sales tracking, February saw EU gross sales increase by 13.6% versus the previous month (up by 10.5% on the US marketplace) and a whopping 27.8% higher than the same period last year.

NOTE: Please remember that the above numbers are based on live sales tracking throughout the month, while the earnings reported in the table below are actual cashflow movements. Most of the sales I generate have a delayed payout.

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.

USD Last Month
Spreadshirt Marketplace EU 3,704.68 5,052.49
Spreadshirt Marketplace US 627.00 725.51
Redbubble Commissions 202.14
Teezily Commissions 67.28
Other Licensing Income 286.58
Expense Positions USD Last Month
BoxCryptor (Annual Subscription
Deutsche Post (Shipping Costs)
Digital Goods (Themes, Templates etc)
Dropscan (Mail Scanning Service) 18.40 32.08
Facebook (Advertising)
GitHub (Micro Personal Plan) 7.00 7.00
Google API Services (mostly translation) 1.09
Google Drive 2.12 1.99
Google for Work (Monthly Subscription) 17.03 16.98
HostGator (Web Hosting Services) 11.95 11.95
JetBrains PHP Storm (Monthly Software Subscription) 9.47 9.45
Laracasts (Monthly + Lifetime Membership)
MailChimp (Monthly Subscription) 9.00 10.00
Namecheap (Domain Name Registration Fees) 65.76
Noun Project (NounPro Subscription) 9.99 9.99
PureVPN (Annual Subscription)
Shopify Basic Subscription (for www.gocaptain.com) 29.00 29.00
Freelancers (Upwork etc.) 302.50 0.00
Xing (Quarterly Subscription)
Tax Adviser (Quarterly Booking)
Gross Operating Profit before all taxes 4,017.02 6,205.48**

*EUR/USD Exchange Rate for February 2017: 1.0643
**This number is actually NET of VAT. I changed my reporting logic in February 2017.

2 comments… add one
  • Jim J

    Hey! Great progress

    I had a few questions… are you licensing on other platforms – Amazon has a print on demand platform now as well…

    Also, how long does your initial designs take time to index on Google and the Spreadshirt marketplace… lets say you make 100 new designs next month and upload it, how long will it take for you to get your money back with that investment and then enter into profit stage…. ?

    Cheers

    • I’m also active on Merch by Amazon now. Unfortunately it took 5 months for my account to finally be approved.

      As for your question on how long it takes to get the investment back, that’s difficult to answer. I don’t actually have any real investment as I can do the designs myself. It just takes time, that’s it. Some designs perform better, others less so. It also depends a lot on wether you are targeting the right niches or not.

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