How I Made $560,348 in 2020 (Q4 Income Report)Jan 11, 2021
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It is the episode you have all been waiting for, the Q4 Income Report and 2020 Business Overview!
I am so excited for this episode because I am going to be super transparent with you about our finances, the revenue and the expenses, the profit margins, along with what went well and what didn't. 2020 taught me A LOT about my own business as my team and I tried and eliminated various different strategies throughout the year. If you're ready to hear me nerd out about everything that happened not only in the 4th quarter of our business, but all of 2020, then be sure to stick around. I hope you get some value from it!
Enjoy these income reports & want to catch up on previous ones? Check them out below!
- Q1 Business Review & Income Report
- How I made $120,458.70 In 3 Months (Q2 2020 Income Report)
- How I Made $209,264 in 90 Days (Q3 2020 Income Report)
- Read my Six Figures in Six Months Case Study
Favorite Takeaways From This Episode:
- What changes were made to generate $560,348 in revenue with a 30% profit margin in 2020.
- The shifts that happened within our internal team.
- Why a 1 on 1 consulting service that brought in $10-20k to our revenue will not be beneficial in the long run.
- The reasons Ellen said yes to everything in her first 3 years of business, and why she isn't doing it anymore.
- Ellen's word of the year.
- The book that shook Ellen's world during her two week break from work at the end of 2020.
- How having an online course helped our business grow by 211% this year.
What Did You Think?
What was your biggest takeaway from this episode? Leave a comment below.
Are we not email friends yet? Make sure you download my income report at ellenyin.com for my "6 figures in 6 months" case study for a transparent look at how I made $102,721.44 in a 6 month time span in 2019!
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