Here’s my October progress report to show how I’m doing in my photography side hustle.
I’m doing these every two months for the time being.
TL;DR> Really falling behind.
The numbers are as of October 1, 2016.
I have five goals for my photography side hustle in 2016:
- Gross income of $1,200
- Stock photography income of $50/month by end of year
- Net income of $700
- 2 paid work for hire gigs
- Write and publish one eBook
Here we go.
The gross income I’ve received is $619.25. If you look at that as 9/12 of what I need to reach my $1,200 goal, I’m definitely below target.
I only had income from one source, a nice payment from Shutterstock for my stock photos. Someone signed up for a yearly plan through one of my photos, so I received a nice cut of that signup bonus plus the sale of a few images.
However, that wasn’t enough to even stay on the $100/month target.
I am putting my calendars together so I expect some income from those near the end of the year, although I may not actually receive the money until 2017.
Stock Photography Income
As I mentioned, I received a nice payment from Shutterstock. If we disregard the anomaly of a signup bonus, I’m really trending toward USD $20/month and slowly rising.
I signed up for Adobe Stock and I’ve sold 9 images so far. I think there is a lot of promise there and the amount per image is higher than Shutterstock or iStock, so that’s nice.
My usual refrain is the same – submit more images! I didn’t submit very many in August but I submitted a fair number in mid to late September.
Score: GETTING BETTER
My net income is slowly continuing to increase. However, it seems pretty clear that I won’t hit my goal of $700 for the year. The expenses are good but the gross income just isn’t there.
Work For Hire Gigs
No luck at all on the work for hire gigs. I keep my eyes open but nothing appealing has come along. I think I am going to revise or eliminate this as a goal for next year. My free time and lifestyle at the moment don’t really allow me to spend a weekend on any gigs, so it isn’t really realistic to expect anything from this.
Write and Publish eBook
I finished and submitted my third article to be published. It will come out in two parts. I intend to turn this into another book.
I’m starting to collect blog posts into eBooks to sell. I’m going to do one or two just to see how well they are received and decide if they are worth the effort.
I feel that I am definitely failing at my goals. I am going to have to reevaluate my goals for 2017 and decide if A) I want to buckle down and get more serious about this side hustle, or B) revise my goals to be more aligned with the amount of effort I am willing to put into this.
Steps For The Rest of The Year
- Submit more stock photos
- Offer calendars for sale