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January 2016 Monthly Income Report

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Monthly Income Report January 2016

January has always been one of the weakest months in terms of actual sales. Due to the way Spreadshirt pays out its commissions, it actually ends up being a good one because I get paid all my sales from December. However, the shopping spree from Christmas comes to an abrupt halt. There are no particular occasions or holidays for which people would normally buy t-shirts and the weather is obviously not ideal for T-Shirts. Nevertheless, there is some news to talk about.

Year-on-Year Performance

After working so hard for almost a year to get my sales back on track and generate some renewed growth, I’m obviously going to keep track of how 2016 evolves in comparison with 2015. I don’t expect any massive boosts in the early months of the year, but I do hope to see much better performance than last year.

January is always weak, so it’s hard to really gage how sales went. The coming months, as more holidays approach and the temperatures get warmer, will be indicative for how the years will go as a whole. I will be keeping these reports fairly short for now, but will elaborate as we get closer to finishing off a full quarter.

Redbubble is back!

You might remember how I talked about reviving my Redbubble account and finally getting back to generating some income from that source. Well, after some hard work over Christmas, it looks like I’m generating some income. It’s not huge and the numbers are still to low for a full payout (which is why it’s not showing up in this report), but I expect it to pick up as we move along through the year.

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.

Income Positions EUR USD Last Month
Spreadshirt Marketplace EU 4,701.70 5,106.05 4,154.05
Spreadshirt Marketplace US 452.91 491.86 1,079.52
Miscellaneous Hosting Services to 3rd Parties 78.15 84.87
Expense Positions EUR USD Last Month
Airmail 2.5 (Software for OSX) 9.13
Mouse Position Menu (Software for OSX) 9.14
Apex Pro by Compete Themes (WordPress Plugin) 67.70 73.50
Google API Services (mostly translation) 7.28 7.91 109.82
HostGator (Web Hosting Services) 11.04 11.95 11.95
Shopify Basic Subscription (for www.gocaptain.com) 26.70 29.00 29.00
Namecheap (Domain Name Registration Fees) 59.13 64.22 23.53
The Noun Project (NounPro Subscription) 9.20 9.99 9.99
Dropscan (Mail Scanning Service) 8.39 9.11 11.24
Xing (Quarterly Subscription) 27.28
Tax Adviser (Quarterly Booking) 150.00 162.9
Net Operating Profit (excl. all taxes) 5,043.32 5,477.10 4.992,49
Tax Elements EUR USD Last Month
VAT on Income 908.17 986.27 789.27
VAT on Expenses 30.09 32.68 10.79
Net VAT to be paid to the Tax Man 878.08 953.59 778.48

*EUR/USD Exchange Rate for January 2016: 1.0860

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