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May 2016 Monthly Income Report

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Monthly Income Report May 2016

Welcome back to the The T-Shirt Academy and my monthly income reports. I’m a bit late for the May report, but for the sake of completeness I like to share all the details anyway, so that you get a feeling for what my monthly economics looks like. Overall May was a great month and you could really see that summer sales will starting to gain pace. That being said, it’s clear that there’s still so much more potential. This is just a small taste of what’s waiting for you in the June income report.

Year-on-Year Performance

Based on my own sales tracking, May saw EU gross sales which were 38.6% higher than the previous month (43.2% down on the US marketplace – not sure what’s going on there) and about 31.9% higher than the same period last year. 2016 continues to outperform 2015 in all respects (except delayed payout) and that is good news. The US marketplace unfortunately plummeted this month (in relative terms). I have no idea where that came from. Sometimes I have these crazy months where nothing seems to work out. Unfortunately this tred continued the the following month, which you’ll see in my June income report.

Redbubble Down, but Stable

My Redbubble sales went down this month, but since it’s not my number 1 priority and because it’s relatively small anyway, it doesn’t really matter all that much. We’ll see how things continue in the next months.

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.

EUR USD Last Month
Spreadshirt Marketplace EU 2,835.70 3,184.21 2,217.66
Spreadshirt Marketplace US 630.20 707.65 497.85
Redbubble Commissions 62.18 69.82 91.81
Miscellaneous Hosting Services to 3rd Parties
Expense Positions EUR USD Last Month
Photo Studio Lighting System (Tech/Electronics) 96.23
JetBrains PHP Storm (Monthly Software Subscription) 8.90 9.99 10.09
GitHub (Micro Personal Plan) 6.23 7.00 7.00
Laracasts (Monthly Subscription) 8.01 9.99 9.99
Google for Work (Monthly Subscription) 12.00 13.47 8.53
Google API Services (mostly translation)
HostGator (Web Hosting Services) 10.64 11.95 11.95
Shopify Basic Subscription (for www.gocaptain.com) 25.83 29.00 29.00
Namecheap (Domain Name Registration Fees) 110.89
The Noun Project (NounPro Subscription) 8.90 9.99 9.99
Dropscan (Mail Scanning Service) 7.82 8.78 6.98
Xing (Quarterly Subscription)
Tax Adviser (Quarterly Booking)
Net Operating Profit (excl. all taxes) 3,439.75 3,862.49 2,506.50
Tax Elements EUR USD Last Month
VAT on Income 538.78 605.00 417.27
VAT on Expenses 1.48 1.66 19.30
Net VAT to be paid to the Tax Man 537.30 603.33 397.97

*EUR/USD Exchange Rate for May 2016: 1.1229

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