Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it’s not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income93, and IGNITE!
May 2021 Income At-A-Glance
Gross Income for May: $222,618
Total Expenses for May: $101,092
Total Net Profit for May: $121,526
Difference b/t May & Apr: +$3,486
% of net profit to overall gross revenue: 55%
Sponsors:
Klaviyo: Customers want more from brands. Delivering more means owning the customer experience. Klaviyo calls this “owned marketing” and they believe it’s the best path to growth. For more, visit Klaviyo.com/fire!
ZipRecruiter: When you post a job on ZipRecruiter, their matching technology finds qualified candidates and invites them to apply! Try it for free at ZipRecruiter.com/fire.
Sheri is chief retreat strategist and CEO of Wanderlust Entrepreneur, where she’s taught thousands of passion-driven entrepreneurs how to design experiential transformational retreats that allow them to stand out in their niche, change lives, and make an incredible income. She’s also the owner of Journeys of the Spirit Travel®, a boutique agency specializing in the planning and management of group travel.
Top 3 Value Bombs:
1. People who do not believe in failure or success never feel wounded by things not working out, and that makes them resilient and invincible.
2. A good transformational retreat needs to have time to learn, and lounge, and go inside, and process.
3. Start to consider your retreat as part of your income-producing activities in your business.
Join this 3-Day Virtual Live Event on June 22 to 24! You can name your price – starts at $1 - Revving Up for the Post-Pandemic Retreat Rebound
Sponsors:
HubSpot: Listen, learn, and grow with the HubSpot Podcast Network at HubSpot.com/podcastnetwork!
BrandCrowd: Take control of your business’s branding with BrandCrowd. Get 55% off your logo at BrandCrowd.com/fire!
Andrew Gazdecki is a 4x founder with 3x exits, former CRO, and founder of MicroAcquire. Gazdecki has been featured in New York Times, Forbes, WSJ, Inc. Magazine, Entrepreneur, TechCrunch and VentureBeat.
Top 3 Value Bombs:
1. You don't need experience, you have to work hard, and you have to have the ability to learn anything.
2. When you build a company, it becomes a part of you.
3. It is essential to listen to the customers.
Startup acquisition marketplace. Free. Private. No middlemen - MicroAcquire
Sponsors:
Thinkific: It has never been easier to create an online course than with the Thinkific App Store. Learn more and sign up for a free trial at Thinkific.com/firefree!
HubSpot: Listen, learn, and grow with the HubSpot Podcast Network at HubSpot.com/podcastnetwork!
Allison Maslan, CEO of Pinnacle Global Network, is the Wall Street Journal Best Selling Author of, Scale or Fail, endorsed by Daymond John and Barbara Corcoran.Allison’s built 10 successful companies starting out at age 19.
Top 3 Value Bombs:
1. You don't need to work night and day to create great success. It comes faster when you apply creative strategy instead of the non-stop hustle.
2. Scaling is replicating your offering so it can grow beyond you. Find your multiplier.
3. Remember that every huge success started in Phase 1. Stay focused, and don't let anyone tell you that it can't be done.
Check out and download it for FREE! Build your dream team, explode your growth and let your business soar - The Scale It Method - Quick Start Guide
Sponsors:
HubSpot: Listen, learn, and grow with the HubSpot Podcast Network at HubSpot.com/podcastnetwork!
Streak: Stay on top of each part of your process - and your inbox - without ever leaving Gmail. Sign up for Streak TODAY at Streak.com/fire and get 20% off your first year of their Pro Plan!
Dan (and his wife Rachel) make a full time income running two giant projects each year, BCStack and Podcaster's Kit. Their goal is to work 4 months a year.
Top 3 Value Bombs:
1. The Facebook and the internet could not be the great equalizer, and there’s a chance to create an entirely new audience from people that wouldn’t have heard of you.
2. The lack of recognition that a learning curve exist is the biggest hurdle in making full time income online.
3. If you work hard, and really put a lot of effort, time, and energy, you can come out on the other side with systems that allow you to spend time with your family and your kids while your business is still operating.
ONE WEEK. 65 Digital Marketing Courses. 10,000 Students. The World's Largest Product Launch - BC Stack 2021
Sponsor:
ZipRecruiter: When you post a job on ZipRecruiter, their matching technology finds qualified candidates and invites them to apply! Try it for free at ZipRecruiter.com/fire.
SweetProcess: Create clear step-by-step instructions for every task in your business. Visit SweetProcess.com/fire to start your free 28-day trial today!
Andy is Wealthfront's co-founder and CEO. He serves as chairman of the UPenn endowment investment committee and teaches technology entrepreneurship at Stanford GSB. Previously Andy co-founded and was general partner of Benchmark Capital.
Top 3 Value Bombs:
1. Not every business is meant to be mission-driven. If you build a commodity product, it’s hard to be mission-driven. You have to have an element of changing the world to be mission-driven.
2. You don’t find the idea. They find you from your authenticity to the opportunity because you will recognize that inflection point well before someone else might.
3. Don’t focus on the percentage of times that you’re right. Focus on the magnitude of when you are.
Get data-driven, actionable finance advise - Wealthfront
Sponsors:
Klaviyo: Customers want more from brands. Delivering more means owning the customer experience. Klaviyo calls this “owned marketing” and they believe it’s the best path to growth. For more, visit Klaviyo.com/fire!
LaunchMyBiz: With complete end- to- end training & support LaunchMyBiz guarantees your success and revenue! Apply today at LaunchMyBiz.com!
Mukesh is a software professional turned author of fiction and nonfiction books. His upcoming nonfiction title Bootstrap dream - How to start a tech company from scratch will inspire millions.
Top 3 Value Bombs:
1. Disruptive innovation establishes ways and create new market and create new value networks. Technology disruptions that happened in the world are spearheaded by startups.
2. For startups, it is important to build a good culture.
3. If you follow your passion, you can leave behind a legacy.
Learn to start up a tech company from scratch, FREE first chapter - Bootstrap Dream
Sponsors:
Thinkific: It has never been easier to create an online course than with the Thinkific App Store. Learn more and sign up for a free trial at Thinkific.com/firefree!
Thrivetime Show: Looking for a business coach who has helped thousands of entrepreneurs just like you to increase their profitability by an average of 104% per year? Schedule your free consultation today with Clay Clark at ThrivetimeShow.com/fire!
John teach ambitious entrepreneurs how to break into web design, escape their 9-5, achieve financial independence, and gain the freedom to work whenever and wherever they want.
Top 3 Value Bombs:
1. Now more than ever is the best time because almost everyone that wants to start a business needs a website.
2. One of the biggest secrets to a freelance web designer is having customer service and communication skills.
3. If you're considering a career change and want to be creative, the web design industry can provide you with a reliable monthly recurring revenue.
Get 20% off Break Into Web and also receive our Advanced Courses and swag pack - BreakIntoWeb
Sponsors:
HubSpot: Listen, learn, and grow with the HubSpot Podcast Network at HubSpot.com/podcastnetwork!
BrandCrowd: Take control of your business’s branding with BrandCrowd. Get 55% off your logo at BrandCrowd.com/fire!
Mickie Kennedy founded eReleases 22+ years ago to help small businesses, authors, and startups increase their visibility and credibility through press release marketing. He lives in the Baltimore area.
Top 3 Value Bombs:
1. The headline and writing are essential aspects, but the most critical part of the press release is its strategy - What are you announcing?
2. The most important metric that you can use to measure your press release performance is your sales.
3. Press Release is an effective way to get yourself out there and share what makes you different from the media.
How To Build A PR Campaign Designed To Get Massive Media Coverage - FREE PR Strategy Video Training
Sponsors:
Klaviyo: Customers want more from brands. Delivering more means owning the customer experience. Klaviyo calls this “owned marketing” and they believe it’s the best path to growth. For more, visit Klaviyo.com/fire!
ZipRecruiter: When you post a job on ZipRecruiter, their matching technology finds qualified candidates and invites them to apply! Try it for free at ZipRecruiter.com/fire.
Rebecca Zung is a Narcissism Negotiation Expert. She was recognized as Best Lawyer in America by U.S. News. She has two bestselling books and 6 million views on YouTube. She Featured on Extra, Dr. Drew, NPR, Forbes, Time, Huffington Post, Newsweek and many more media outlets.
Top 3 Value Bombs:
1. You alone define your value. Your value is not defined by that narcissist, nor by anything external. You are inherently valuable. Regardless of how the other person makes you feel, you have the power to not give them the permission. Narcissist will do everything to bring you down.
2. The key negotiating with a narcissist is to build a strategy and leverage that actually threatens a source of narcissistic supply that is more important for the narcissist to keep and retain than the supply that they get from jerking you around and keep you miserable.
3. When you’re creating a “magic bullet” leverage, think about what’s going to motivate and squeeze that narcissist, and incentivize them into wanting to come to the table with you by coming up with things that potentially exposes them.
Check out Rebecca's Website - RebeccaZung.com
Sponsors:
HubSpot: Listen, learn, and grow with the HubSpot Podcast Network at HubSpot.com/podcastnetwork!
ZipRecruiter: When you post a job on ZipRecruiter, their matching technology finds qualified candidates and invites them to apply! Try it for free at ZipRecruiter.com/fire.