Quarterly Income Report: Q4 2016

First things first, I’d like to warn you that this article contains my quarterly income report for Q4, 2016.

What that means is that this article talks about money… More specifically, it’s about money I’ve earned as a freelance WordPress developer working for Codeable, LinkedIn, Clarity, and GoDaddy during Q4, 2016.

If you’re not a fan of this topic then I’d encourage you to visit my blog and choose another article of mine to read. Perhaps you’d be more interested in learning why I publish my income reports in the first place?

Spoiler alert: I believe transparency trumps secrecy.

I’d also like to mention that the intent of this article is to inspire, not to boast. This is my personal story, my journey, in becoming a freelance WordPress developer. My goal is to show other developers what’s possible as a freelancer and hopefully inspire someone to pursue a fulfilling career of their own as a freelancer.

Now, before we dive any further into this topic together we need to get on the same page about one thing. This isn’t some magic, get-rich-quick, overnight success, fantasy bullshit. This is real income produced by completing real work for real clients. I earned $31,273.29 in Q4 by working for it, not wishing for it.

On these charts, opened projects refers to clients who have hired me to work on their projects while opened revenue represents the deposits they’ve placed for their work to be completed. Clients on Codeable deposit 100% of their project costs up front which is then placed into escrow until they mark the project as complete. Projects marked as complete are represented by projects closed and closed revenue

*Note: You can click on any of the graphs showcased below to zoom in and see a larger version.

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Month #10 — Freelance Income Report For October 2016

October was a great start to Q4, 2016 both financially and productively. Although I didn’t set any new records during October it didn’t come as a real big surprise to me since I was coming off back-to-back-to-back record setting months from last quarter.

I did however manage to meet my goal of earning at least $10,000 for the tenth straight month so I’m definitely not complaining that I earned less during October than in previous months. Overall I earned $11,752.31 by completing 29 tasks which was an increase of nearly 20% over October 2015.

Fourth Quarter Income Report October 2016

*Note: By now you’ve probably noticed a difference in the total income reported in my text vs the chart above, that’s because October ended on the 4th day of week #44. In order to provide the most accurate week-over-week comparison I’m showcasing the full week #44 which includes 3 days from November 2016.

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Month #11 — Freelance Income Report For November 2016

November was another great month for me both productively and financially as well. Overall it was a fairly steady month and I’m happy with the overall results even though I didn’t quite manage to reach my goal.

I didn’t open as many new tasks as I did last month (down 41% from 49 to 29) nor did I open more new business than I did in October (down 44% from $21,083.51 to $11,752.31). Unfortunately my total income from closed projects shrank as well but hey, that’s okay, November was still a great month.

Fourth Quarter Income Report November 2016

*Note: You’ve probably noticed another difference in the total income reported in my text vs the chart above, that’s because November ended on the 6th day of week #48. In order to provide the most accurate week-over-week comparison I’m showcasing the full week #48 which includes 1 day from December.

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Month #12 — Freelance Income Report For December 2016

During December 2016 I opened less new tasks (down 20% from 36 to 29) and also opened less new business (down 10% from $11,777.23 to $10,608.45).

While I did open less projects than back in November, my average project size in December was nearly 25% greater (from $270.47 to $337.38) which is why I was able to open nearly as much business (financially) even though I hadn’t opened quite as many new projects overall.

Fourth Quarter Income Report December 2016

Compared to last quarter (Q3, 2016) my total new tasks opened dropped by nearly 41% (from 152 to 90) while the total new revenue opened decreased by 51% (from $66,999.11 to $32,729.39). My total revenue generated from closed projects dropped as well, this time by 48% (from $60,977.53 to $31,273.29).

Overall I’m very happy with my fourth quarter income report of 2016, I’ve hit my monthly goal of $10,000+ closed revenue for 10 of the 12 months and the two months I came up short were only by about $300 each. I’ve got the momentum on my side and again I’m heading forward into 2017 with fierce optimism.

Let’s see if I can go 12 for 12 on my monthly goals near year…

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Okay, let’s wrap this thing up…

My income is public, and so are my websites. In fact, my portfolio is full of responsive websites for big brands and small businesses that are elegant, functional and highly ranked in search. This includes several websites that have scored a perfect 100/100 for mobile user experience when run through Google readiness tests. You can get the user experience score for your website by clicking here.

As a certified expert WordPress developer, I know what separates good sites from great ones and I’d be thrilled to help ensure that you get the most from your content on every device. If you’re ready to start converting your website’s visitors into customers, then it’s time for you to click the button below.

Or, if you’d prefer to post your next task publicly for both my colleagues and myself on Codeable, then I’d certainly encourage you to click here and receive $10 off your next WordPress project today.

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