Monthly Financial Report for Sir Socks Le Chat—a magazine of cat tales
10/11/2018 Donation $100.00
10/11/2018 gofundme fee $3.20
10/12/2018 Wordpress $96.00
10/13/2018 Donation $25.00
10/14/2018 Donation $25.00
10/14/2018 gofundme fee $1.03
10/15/2018 staff $49.77
As you can see, our financial report for our first month isn’t so great. We had just enough to pay for the webhosting from WordPress and to pay the staff a little bit. We had a gofundme account which has yielded two out of the three donations. The third one came directly via PayPal. We did have an online auction at 32auctions.com which yielded nothing at all.
We do have an option to sell ad space, but we need at least 100,000 views per month. This month we’ve had less than 300 views. So, we need to increase the traffic to the site to activate this financial option.
I realize this is just the first month, so perhaps the donations are low due to being unknown and untried. We’ll see how it goes next month to see if our donations increase enough to pay the staff, contributors, and featured monthly charities.
And hopefully, the traffic to the site will increase well as we post more content.