February 2017 Earnings Report for The Cocoa Nomad

Revenue

Consulting:                        $0

Still haven’t received payment for the work in January. The additional project that was supposed to come about also didn’t materialize. I’ll turn my efforts onto freelance and check out sites like UpWork. My plan is to blog/vlog my experience with online work as well as any other income streams I attempt.

iOS App Store:                   $16.40

I just listened to the latest episode of the Under the Radar (https://www.relay.fm/radar/71) about Apps as Annuities. the primary theme is that apps afford revenue even though they may not be constantly updated. David Smith, one of the hosts, does note that in his experience unmaintained apps tend to decay in terms of sales at a rate of about 0.5% per month. While not a scientific measurement, it’s convenient way to think about the income stream from the app portfolio. My app income does not strictly adhere to this principle as it rose 50% over the previous period but the numbers are two small to try to draw any conclusions. I am confident that the next 2 months will show a change in these numbers.

Amazon:                            -$12.18

The lack of sales and mounting storage fees here means that I’m going to have to get rid of my inventory. I’ll start by deeply discounting the prices (probably 40-50%) to see if I can get any takers. I’d rather recoup some of my money than taking a complete loss. I’m not giving up on Amazon (though I am done with retail arbitrage for the foreseeable future) but I will have to change my product offering.

Total Revenue:                 $4.22

 

Expenses

Rent                                        $744
Food                                      $375
Travel                                    $305
Biz Services                          $264

Total Expenses:              $1688

I split my time in February between Vietnam, Thailand and Indonesia, so my travel and lodging expenses were much higher than I expect for the next three months, when I will be settled into Chiang Mai, Thailand.

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