March Progress Report

March Progress Report
March Progress Report

Here’s my March progress report to show how I’m doing in my photography side hustle.

TL;DR> So far, so good.

The numbers are as of March 1, 2016.

Goal Review

I have five goals for my photography side hustle in 2016:

  1. Gross income of $1,200
  2. Stock photography income of $50/month by end of year
  3. Net income of $700
  4. 2 paid work for hire gigs
  5. Write and publish one eBook

Here we go.

Gross Income

The gross income I’ve received is $185.82. If you look at that as 2/12 of what I need to reach my $1,200 goal, I’m pretty close.

I finally received my payment from 500px for selling an image there (this one) after filling out my W8 form. If you’re a Canadian you’ll find that you have to fill one of these out for pretty much any kind of online income now. They declare that you’re not a US citizen and therefore generally not subject to withholding tax.

I also received the last of my calendar sales from Lulu. That’s done until the fall!

Finally, a friend asked me to help him with his web site, so I am hosting it on the same hosting platform (Pair Networks – affiliate link) as my own sites and charging him a low rate. We all benefit!

I have some stock photography money in the pipeline, nowhere near the minimum payouts yet; I sold some images in early March that will be on next month’s payout; and there are a few other pending things that will hopefully land soon.

So, doing well this month.

Score: ON TRACK

 

Stock Photography Income

My stock income improved – I accumulated USD $10.53 in February 2016. It started out very strong and continued to do pretty well through the month. I’m satisfied with that progress.

I’m still behind on submitting stock photos. I have been trickling some through but not at the rate that I would like. I need to work on that.

Score: ON TRACK

Net Income

My net income is still negative but I hope to hit positive numbers by the end of this month or maybe April.

Score: FAILING

Work For Hire Gigs

No luck on the work for hire gigs yet but I’m not going to call it a failure yet.

Score: ON TRACK

Write and Publish eBook

I’ve done a lot of work on my first eBook. I still have a bit of fact checking to do and select some photos and then I can click “publish”. I’m considering this one to be a trial run so I am not putting a lot of income hopes on it… it’s more to learn the ropes and gain some experience.

I was a bit distracted this month because I was writing an article for a Canadian rail magazine. I’ve already submitted one that I hope will come out this month and the second one (just submitted a couple of days ago) will hopefully come out later this year. I’m not getting paid for either one but I think it will be good exposure and look good on my resume / web site.

Since I haven’t actually published the eBook yet, I’ll call this:

Score: TOO CLOSE TO CALL

Summary

So far, improving – failing at 1, fair for 1, and on track for 3 of my goals. I’m not too concerned yet but I need to work a bit harder.

Steps For March

  • Update portfolio
  • Submit more stock photos
  • Finish the first eBook
  • Poll followers for eBook topics
  • Look for paid gigs more aggressively