Update: The total sales for July was $38,711 (I left out some additional packages that were sold during the recording of this podcast).
What Is An Income Report?
I periodically create these income reports so you can get a behind the scenes look at how I run my business. The good, the bad and the uncomfortable.
The honest truth is that running a business can be challenging at times, and a lot of business coaches aren’t being transparent about the true cost of scaling a business. These income reports are meant to help you learn both from my successes and mistakes as you grow your own business!
DISCLAIMER: God is the one who is responsible for my success. I put in a lot of prayer for this!
Income: $38,711
Scaled Profits: $20,800
Launch Your Online Agency: $16,961
2 Hour Strategy Session: $950
major Expenses
Team members - I hired 2 extra consultants this month.
Facebook Ads - I spent about $1,000 (which is lower compared to past months where I spent almost $5,000).
Coaching - I spent about $6,000 on paying off a coaching program and for a mastermind I am in.
Salaries - paying myself is considered an expense.
NET profit: $15,702
Net profit is everything AFTER I pay my own salary and business expenses. That’s the rest of the money left over.
That’s a 40% profit margin which is pretty healthy for this industry.
what i did this month
In July, I did a workshop series to promote my coaching program Scaled Profits™. I also sold my online course through a funnel.
Listen to the entire breakdown above in my latest podcast episode.
Also, if you want to learn how to scale your service with consulting and group programs, sign up for my FREE workshop.
Other Resources:
About the Podcast Host
Alma Bradford teaches freelancers and consultants how to marketing, outsourcing and project management in order to scale their business at: AlmaBradford.com
