For earlier issues, please see the overview.
In this post I focus on the revenue & costs of each business, but skip the parts of the personal business cost structure.
You can still see my salary at the bottom. 💸
Let’s start with the summary first and do a break-down further down this post. If all you care about is “how much money is Mattias making", you can probably stop looking after the first table.
These numbers don’t mean much in and of themselves, so let’s dive in.
Oh Dear! is the monitoring SaaS that Freek & I are building. We employ a 30/35/35 rule for our revenue: 30% of our revenue gets re-invested in the company (advertising, art designs, external freelancers, …), 35% goes to Freek, 35% goes to me.
|Total revenue (VAT excluded)||€8,246.81||+17%|
|35% to Freek/Me||€2,886.00||+17%|
It’s been incredible watching Oh Dear grow month-over-month.
The numbers above are without VAT, but we had a celebratory moment a few days ago:
We’ve breached the €10,000.00 monthly recurring revenue (MRR)! 🥳
This is including VAT, which in Belgium means 21% of it goes back to our government. It doesn’t take away the specialness of seeing that number though!
DNS Spy is a much simpler product than Oh Dear. It has fewer features and only focusses on DNS, a much more narrow use case. As a result, its proceeds are also lower.
Have a look at the previous reports to see how it’s been doing, it’s pretty much stable. I’m saving myself some time no longer copy/pasting that here. 😄
Revenue from weekly newsletter comes from sponsored posts and advertisements.
I took a few breaks in July, which means revenue has obviously dropped. I made up for that with a jobs section in July, it allowed me to get more revenue out of the available 2 issues that month.
|Total revenue (VAT excluded)||€1600.00||-27%|
I have a few spots left for September, reach out if you’d like to promote your product or service!
My salary hasn’t changed, I’m still paying myself a net salary of €1,825.00.
Extra note: because I now own a business, I get to (partially) pay things like my home office internet, electricity, heating, … with pre-tax revenue. This allows me to receive a lower-than-before salary while keeping the same standard of living.
Hours worked vs Money made
How much time did I spend working to get that revenue? In other words: what am I worth per working hour?
July had some holidays, which means I had even less working hours than I normally have. 😅
The working hours are estimates, as I don’t accurately track my time.
- Hours worked per week: 20h (~80h in the month)
- Gross revenue: €5,467.00
- Hourly revenue: €68,34