End of 2017 Progress Report

It’s 2018 – happy new year! – and I’m a little late with my end of 2017 progress report. Mea culpa. I’m here to report on how I did with my photography side hustle.

TL;DR> Good income, slacked off at the end.

The numbers are as of January 1, 2018.

Goal Review

I had five goals for 2017 for my photography side hustle:

  1. Gross income of $1,200
  2. Stock photography income of $50/month by end of year
  3. Net income of $700
  4. Write and publish two eBooks
  5. Get paid for one magazine article or photo

Income

I exceeded my gross income target! My gross income for 2017 was $1,498.30 which was almost 25% over my target. That was great.

My net income was $1,063.14, which was 51% over my target. Awesome!

I have nothing to complain about with those two numbers.

Here’s the breakdown of my income:

2017 Income Sources
2017 Income Sources

You can see that half my income came from image sales (which includes stock), about a quarter came from advertising on my web sites, and about a quarter came from work-for-hire. Print and product sales were minimal.

Image sales came from stock photography (Shutterstock, Adobe, iStock, and Bigstock) as well as a few private sales to companies and individuals. I earned $544.11 from stock photography, which was very nice indeed after all the work I put into editing, keywording and submitting those photos.

Photo sales are from Redbubble and Fine Art America and have been declining for several years. People just aren’t buying prints like they used to.

Advertising is from AdSense. The timing worked out that I received three payments over the year. It all depends on when I exceed the $100 threshold for payouts.

I expect the ad income to decline in 2018 for two reasons:

  • I removed AdSense from my main blog, and
  • Google is dropping my YouTube channel from their Partner Program since I don’t get enough views.

Work-for-hire income came from photographing two marathons – the Manitoba Marathon and the WFPS Half Marathon.

Product sales were minimal again, with one payment from Gumroad for my video, some affiliate income for the excellent Backyard Silver book, and a couple of Kindle sales of my eBook.

Stock Income

My target is $50/month – but I haven’t reached that yet. In 2017 I averaged about $32/month, so I’m getting there… but to be honest, I have been slacking off on submitting to stock. I have a lot “in the queue” but I have to get back into it. The good thing is that it is passive income at this point and I’m still earning money from my library of stock images.

eBooks

I did not publish any eBooks this year. I have one in progress but I haven’t completed it yet. That’s a major goal for 2018.

Magazines

I didn’t submit to any magazines, so obviously I didn’t get paid. Another major goal for 2018.

Summary

2017 was a good year. Let’s make 2018 even better.