Quarterly Income Report: Q2 2016

First things first, I’d like to warn you that this article contains my quarterly income report for Q2, 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 Q2, 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 nonsense. This is real income produced by completing real work for real clients. I earned this $37,180.86 in Q2 by working for it, not wishing for it.

My quarterly income report from Q2, 2016 contains detailed monthly metrics of my freelance journey as a certified expert WordPress developer for Codeable.io, LinkedIn ProFinder, Clarity.fm, and GoDaddy Pro.

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 #4 — Freelance Income Report For April 2016

April was a great start to Q2, 2016 both financially and productively. I set a new personal record for closed project revenue in a single month with $15,907.70 coming from 69 projects. This is a 15% increase over my previous best month of $13,841.66 which I set back in September 2015.

Both my productivity and revenue was stronger than last month. The total amount of new projects I opened increased by 29% (from 51 to 66), while the total closed projects increased by 35% (from 51 to 69).

Second Quarter Income Report April 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 April ended on the 2nd day of week #18. In order to provide the most accurate week-over-week comparison I’m showcasing the full week #18 which includes 5 days from May 2016.

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Month #5 — Freelance Income Report For May 2016

May was another great month for me both productively and financially. Overall it was a very steady month even though the graph below appears to tell a different story. During week #19 I took on my largest project (to date) worth $30,000 and that’s what’s causing this months graph to look so different than ever before.

Although I didn’t open as many new tasks as I did last month (down 24% from 66 to 50) I was still able to open more new business than I did in April (up 191% from $14,939.70 to $43.481.99). Unfortunately the total revenue generated from closed projects shrank by 32% this month (from $15,907.70 to $10,748.69).

Second Quarter Income Report May 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 May ended on the 5th day of week #22. In order to provide the most accurate week-over-week comparison I’m showcasing the full week #22 which includes 2 days from June 2016.

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Month #6 — Freelance Income Report For June 2016

Onto June now, which was my least successful month so far this year both productively and financially. But that comes to me as no surprise as I took nearly two weeks off to travel Europe. While overseas I attend and sponsored WordCamp Europe which was a great opportunity to meet my colleagues from Codeable.

During June 2016 I opened less new tasks (down 26% from 50 to 37) and also opened far less new business (down 80% from $43,481.99 to $8,577.42). But c’mon, let’s be real, as a solo freelancer I certainly didn’t expect to see an increase in new business after setting the bar so much higher than it’s ever been before.

I experienced a decline in both projects completed (down 27% from 47 to 34) as well as a slight decrease total revenue earned (down 2% from $10,748.69 to $10,524.47). Honestly though, these numbers are pretty exciting for me to see. My average task size has more than doubled since I started back in August 2015.

Second Quarter Income Report June 2016

Compared to last quarter (Q1, 2016) my total new tasks opened dropped by 1.3% (from 155 to 153) while the total new revenue opened increased by 71% ($39,170.56 to $66,999.11).

Although there was a significant increase in new business opened the total revenue generated from closed projects grew much slower, this time by just 0.9% (from $36,850.56 to $37,180.86).

Overall I’m very happy with my second quarter income report of 2016, I’ve hit my monthly goal of $10,000+ closed revenue for each of the first 6 months. I’ve got the momentum on my side and again I’m heading forward with fierce optimism. Let’s see if I can go 9 for 9 on my monthly goals… So far so good!

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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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