I did pick up consulting work in January but because I use cash basis versus accrual for accounting, it won’t show until next month. I was able to do some work for a former client who is finally shutting down the project but needed some final artifacts delivered. There may be additional work via referral in February as well but I’m not counting on it. I’ll keep networking to pick up some small projects to sustain me while I work on my primary apps.
iOS App Store: $10.77
A further decline in sales for my neglected apps. Fact is, I absolutely deserve this. I’m contemplating a shift away from paid apps to freemium or ad-supported, a decision that pushed back my release of the Capoeira Songs update. Team Tryouts update is also on hold.
First the Falcons lost in the Super Bowl, now this. While I didn’t expect to recover all of the sales from the previous month, I never expected a negative. It’s a dead period for shopping in general and toys in particular (I guess the kids haven’t broken those Christmas gifts yet.)
Ouch! I went from pocket money to couch cushion money. Actually, I’m more bummed about the Falcon’s loss than my earnings. I’m back to working on a steady basis after the final month of Remote Year. New products are coming soon and I’m still excited about the future. There may be a new category for the earnings report as early as next month.
What About Expenses?
After the last earnings post, I was asked why I didn’t include expenses. The primary reason was that I just wasn’t thinking about it (it’s an earnings report not an income statement). The secondary reason was that I didn’t want to skew the expenses with the Remote Year costs (avg. $2041 month in program costs, much higher that what I will be spending going forward). Now that my gap year is over, I can provide a clearer picture of what it actually costs me to live and build my leveraged income streams. Those costs will be included in the Feb 2017 report.
One thought on “January 2017 Earnings Report for The Cocoa Nomad”
This is awesome! I think it’s great that you’re so transparent. Presumably you’re funding your RY trip with savings? You’re a huge inspiration and living my dream! I’m studying to become a web developer (possibly mobile too later on). Though it’s a career change, the plan is to also work remotely. From the outside looking in maintaining a decent income while working remotely abroad seems like the biggest challenge.