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Perrin and I are excited to bring you the income reports for the authority site and my amazon product.
\\nWe also discuss a pivot I am making in my business based on these numbers.
\\nThe details of these income reports can be found in this blog post from last week.
\\nHere\'s a quick rundown of what we discuss on the podcast today:
\\nLast month our authority site brought in $912.70, mostly from Kindle books, and some Adsense revenue.
\\nHowever, at this point we\\u2019re facing a bit of a reality check: we\\u2019re now 10 months in to this project, and the traffic is not growing like we had hoped.
\\nCurrently we\\u2019re spending $3,000-4,000 per month on content creation and marketing. Over the past several months we\\u2019ve spent $15,000-20,000 and only realized $7,000 revenue.
\\nOn the other hand, my Amazon product launched March 28 and saw revenues of $4,400 in the first 30 days. This started as a very casual side project, but we sold out of the first batch of 105 units in 40 days for an initial revenue of $6,000.
\\nLooking forward we\\u2019re planning to increase profit margins through lower freight costs and lower price per unit due to economies of scale with our manufacturer.
\\nThe difference in momentum between these two projects is allowing for a pretty clear decision in our business focus.
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