236 - June Profit Report

Description: On today’s episode of the Unf*ck Your Biz with Braden podcast I share my June profit report and let you know if I hit my monthly goals. Check out episode 229 where I give May's profit report and share my June goals.

My goal for the year was to hit $15,000 a month in revenue. I hit that goal in January and have not hit it since. Doing these profit reports not only, hopefully, provide you insight into the profit of a fellow business owner, they also help me review my own profit and also get me a better understanding of my baseline revenue. To me, baseline revenue is the number we can hit by doing whatever it is we do consistently every week. I encourage every business owner to learn and track their baseline number. For me, these consistent tasks are putting out a podcast episode each week, sending out a weekly email, posting a social post for the podcast, a mild average amount of Facebook interaction, one speaking engagement a week average, and typically Instagram stories daily. A lot of my base revenue comes from my monthly membership. Right now it's close to $7,000 and then I tend to make an extra $2,000 a month from the other things I sell. Trying to go over my baseline of $9,000 requires extra promotion like a launch of some kind or an email promotion which requires me to work more than my usual default.

Last week on the podcast I shared my interview from Claire Pelletreau's podcast where we talk about how I get paid and Claire posed the question of how special promotions impact or take away attention from the typical promotion of my usual products.

I decided to make May a chill month. I was traveling and it was Memorial Day and I decided I wasn't going to do any of the "extra" or "bonus" work that goes into getting above the baseline.

Recap of June goals:

1. MRR → $7,250 (20 new members)

2. Contract Vault → $1,500 (50)

3. Affiliate Commissions ($1,200)

4. Speaking Fee ($400)

That should be a reasonable baseline: $10,350

So what actually happened:

$11,400 from Kajabi

$1,650

= $13,050

Profit Rx = $7,000

36 Contract Vault sales = $1,080

PRx Live Beta = $1,600

1-on-1 client = $2,000

Affiliate payment = $450

I'm a little behind on my books. I know tsk, tsk. But I'm in the process of turning it over to one of my VAs. But I can tell you that Profit was a bit down in June it likely will be for July and August as well.

I'd love to hear what you think about the profit reports. Send me a DM on Instagram or post them in my Facebook Group, Braden's Besties.