March 2021 Michelle Hon International Income Report

Welcome to our March 2021 Monthly Income Report!

I am happy to share what I have been up to, and how the businesses have been progressing. As always, I share all of the ins and outs of my business so that you can get motivated, and learn from both my wins and my failures. Some months are up, others are down, but there are always lessons to be learned, which I am happy to pass on to you.

Beyond that, I also love to share what is coming next in 2021. So, without further delay, let us get right to it!

• The Chill Mom book sales: $50.31
• Brand deals: $11,650.00
• Guest posts: $138.00
• Affiliate income: $59.70
• Instagram Growth & Monetisation Bootcamp: $493.25
• IN DEMAND Personal Branding Accelerator: $14,113.23
• Momentum Coaching subscription: $1,080.07
• #MomBossGoal Mentorship Program: $827.58
• Commercial: $3,500.00
• Speaking engagement: $1,500.00
• 1:1 coaching: $1,997.00

TOTAL INCOME: $35,409.14

When I shared my income report for the first time last month, you all requested that I share our expenses too. Thank you, you pushed me to get on top of my accounts earlier this month. 

• Advertising and promotion: $419.40
• Affiliate fees: $62.90
• Stripe fees: $344.25
• Bank service charges: $7.00
• Miscellaneous expenses: $164.34
• Software: $393.73
• Meals and entertainment: $45.26
• Payroll and salary: $10,407.00
• Telephone: $36.10
• Rent: $1,500.00
• Travel expenses: $184.29

TOTAL EXPENSES: $13,564.27

March felt like the month where everything we worked on finally comes to fruition. It was eventful but chill and enjoyable.

Firstly, I was announced as one of the five Asia-Pacific Ambassadors for Merz Aesthetics, representing Singapore. It was signed, filmed last year and finally been made public during a live broadcast event, where Gwyneth Paltrow was also in attendance. You will see more campaign images and videos in the coming months!

I also attended and spoken at few media events this month. Plus we filmed a few campaigns for brands and those add up for the brand deals figure for March.

Over at MomBoss Academy, we launched IN DEMAND Personal Branding Accelerator late last month. It is a 6-month personal brand accelerator, all about helping you build business assets that will continue to attract the best customer and being recognised as a thought-leader in your industry. If you are interested, feel free to join the waitlist!

Also, we had a very successful 5-day Instagram Growth & Monetisation Bootcamp last month, which has seen our participants’ posts reaching up to 97% of the new audience, gaining shares and saves like never before. We have set the dates for the next bootcamp and people are signing up already!

The rest of the income is pretty self-explanatory and oh, if you are wondering how come we have income for #MomBossGoal Mentorship Program even though the program has been closed for the past few months, those are monthly instalment for those who signed up for payment plans last year.

We will be re-opening registration for #MomBossGoal later this month and for the first time ever, offering two fully-funded scholarships! So sign up for our newsletter and be the first to know.

In between campaigns and providing support to my Momentum Coaching students, my team and I were still hard at work producing content for you.

Beyond the normal blog and podcast content, I have teamed up once again with Edvard Vondra at Digital Startup Academy to run a free challenge!

It is called Double Your Customers in 2021, all about simplifying the sales and marketing process for online business owners. You see, most moms start a business hoping that the business will free up their time, earn an income and make a difference in their family’s lives. But many of them find themselves worry about where is the next sale is going to come from and working longer hours than they intended.

The challenge will show you how to set up a system that converts strangers on social media into raving fans. It is working 24/7 for you, so you do not have to.

The reason it is free is two-fold: 

1. I have already produced two premium courses: #MomBossGoal - Start a Business in 90 Days and IN DEMAND. I feel it was time for an incredibly valuable free event to help mompreneurs stay in business.
2. It introduces Oversubscribed - which perfectly fits into the already existing structure of what else is being offered.

For example, those who have started their business with #MomBossGoal, can now generate more revenue using Oversubscribed. The same with IN DEMAND. Influencers need automation and now there is a step-by-step walkthrough to help them make it happen.

And it works the other way around too. Those who get into Oversubscribed, maybe would want to build their personal brand since they will gain lots of time back.

By the time you read this, the challenge is already in progress but you can still access the limited-timed replay, so click here now to access it.

Do you have any questions? Comments? Do let me know if you would like to see how our income looks like when we do have a big program launch!