Halal Income Report – December 2017


Welcome to my Halal Income Report for December 2017.  I have got behind on them so I am now catching up.

If you have not seen my last report then you can find it here:

The aim of these Halal Income Reports is to help me stay accountable and to show myself and my readers the progress I am making.  Since I have started doing this, it has definitely given me a better understanding of my business.

I hope it inspires others to make money online and start to take the action to change their lives.

Income Overview

  • Total Sales:£533.20 / $693.16 approx
  • Total Expenses: -£80.72 / -$104.94 approx
  • Total Profit: £452.48 / $588.22  approx

Things have slowed down for me with Merch By Amazon.  There are a few reasons for this.  I will go into more in the Merch by Amazon section below.

Merch by Amazon

Because it was Q4, Amazon had to throttle views to certain t-shirts.  This is because Amazon was overloaded as its the busiest time of the year.  Merch by Amazon is still a new business for Amazon and they are currently scaling up.

Therefore, Amazon hides listing to stop making sales when they are overloaded.  This means that I ended up slowing down and losing sales.

Nevertheless, I still made some good sales.

Amazon Marketing Services Ads – AMS

The Amazon ads have totally slowed down.  I have not made a single sale through the ads.  Therefore, I have stopped doing the ads.

Etsy + Printful integration

This is still paused while I wait for the new year.

Freelancing as Web Developer

I have decided to do Web Development freelancing while I am developing my Print on Demand.  As my Print on Demand business is not making me enough money yet to support me full-time.  Therefore, I plan to do freelancing to provide me with another income.

My overall strategy is to develop my Print on Demand business while doing the freelancing.  Freelancing is considered a quicker way to develop a full-time income. The reason why I don’t want do freelancing in the long time, is because  it is trading time for money.  Whereas with Print on Demand can make money while I sleep.  The model I want to follow is being able to make something once and get paid for it over and over again.

I will write a more detailed post about my strategy around freelancing in the future.

Change of Healthy Routine

I ended up changing my healthy routine.  I had a hamstring injury and needed to do some rehab on my knee.  Therefore, I decided to change my healthy routine to the following:

  • Kettlebell goblet squats – 12 reps x 3 sets.
  • 1 arm kettlebell swings – 12 reps x 3 sets – per arm
  • 1 leg knee squats – 12 reps x 3 sets – per leg,
  • 1 leg knee bridges – 5 reps x 3 sets – per leg,

This has been going well – I aim to continue to do this.

January Goals

  • Focus on Freelancing – register for websites.
  • Continue to use my daily Merch by Amazon upload slots.
  • Continue with Healthy routine.

Wrap up

Merch by Amazon has slowed down for me this month.  Hopefully, it will pick up early next year.

This month is also a big change for me as I will be starting Freelancing to help me make a fulltime income.  I will keep you updated on my progress with this.

Breakdown

I have a detailed breakdown of my income below:

  GBP – Pounds (I live in the UK) US Dollars Approx depending on Exchange Rate, currently using £1.3 = $1  
Sales
Merch by Amazon* £533.20 $693.16 * This is what Amazon should be depositing into my account the next month. This may change slightly depending on returns and other factors.
Etsy* £0.00 $0.00
Total Sales £533.20 $693.16
Expense
Domain Names £23.77 $30.90
Etsy Fees* £1.42 $1.85 Fees for listings that have not sold
Market Place Fees -£11.73 -$15.25 This includes Printful charges.
Admin Fees £0.00 $0.00
Bank Charges -£11.59 -$15.07
Quick Books -£8.40 -$10.92
Google Drive -£7.99 -$10.39
General Sock Graphics 0 $0.00
iTunes – Storage & Apps -£0.79 -$1.03
Hosting -£28.80 -$37.44 *Upgraded my hosting
Merch Informer -£6.00 -$7.80
Adobe Illustrator -£17.15 -$22.30
Training -£26.24
Total Expenses -£80.72 -$104.94
Total Profit: £452.48 $588.22

Until next time, keep your Muslim Hustle going.

Iqbal,
Muslim Hustle Guy