Surprisingly, May saw an upwards trend in both income from my various projects, as well as my various investments. I'm not sure if this is representative of the economic situation as a whole, or just a result of my diversifying income projects.
In any case, here's my numbers for the month:
As you can see, I just barely beat out my total from last month. Barely. Oh well, counts as a win in my book!
Here's a breakdown of what you're seeing in that chart:
- $364 in Flipping (reselling items at a higher price than I paid for them). This is a combination of sales from Ebay, Bonanza Facebook Marketplace, Kijiji, and Craigslist. This is my highest earner most months
- $222.15 from cryptocurrency mining on my various mining rigs. Down from last month's earnings due to instability in my rigs from a mining software update (Nicehash, fix your shit please)
- $60 in 3D Print sales on Ebay. I 3D Print the customer's order on my home desktop 3D Printers and ship it to them
- The rest is a small but diversified smattering of income from my other projects:
- $3.01 in Redbubble sales
- $2.29 in Amazon Affiliate sales
- -$8.92 from automated trading on Binance
- $5.71 from automated trading on Bittrex
- $1.62 from Burstcoin mining (using hard drives)
- $9.98 from Shapeways sales
- $2.57 from 3D model sales on MyMiniFactory
- $7.74 from dividend income
Jumping over to Affiliate Marketing for a sec; as you may have read in previous blog entries, I use my twitter account in combination with a custom written C# bot to reply to relevant tweets on twitter. Currently I do this with Binance referral links and Flipsky referral links (A cryptocurrency exchange, and a respected electric skateboard parts marketplace, respectively).
However, I've recently started investigating another affiliate marketing opportunity; a Youtuber by the names of Jeven Dovey--who's niche is all about improving one's Youtube channel--has an affiliate program that gives you 50% of your affiliate sales. The product in question is a Creator's Academy course for youtubers to improve their game. I signed up; I hopefully will get approved to be an affiliate under his program--as, not only is it a one-time affiliate sale, it's recurring (as I believe it's a subscription).
Aside from that, the two affiliate projects I have going on Twitter have had drastically different results this month.
My Flipsky affiliate replies have not resulted in any sales this month; though I am getting click-throughs.
My Binance referral sign up rate is drastically up this month. Last month, I gained 5 referrals, which put me up to 20 total; this month, I have bumped that number up by over 50%, with me now sitting at a nice total of 31 referrals. Not only that, but I'm actually starting to get some recurring income from these referrals as well--to date, I've made 0.00000508 BTC (about 6 cents) in commissions. Not much, but still--better than nothing, and will hopefully scale with time!
Now, jumping over to my Youtube channel, Mike in the Woods. I'm starting to feel a lot more home in my niche of 'combining fun, futuristic technology with traditional outdoors experiences." And, I think that niche is starting to settle into the Youtube algorithm, as well! My subscriber-to-viewer ratio took a dump during the latter half of this month, but my total view count/impressions continue to steadily climb. Right now I'm able to average 227 views a day, according to Social Blade:
As you can see, I'm up to 757 subscribers; compared to 678 as reported in last month's blog post. That's an 11.7% month-over-month increase; a nice hop up from the reported MoM growth rate of 9.8% reported in April!
I'm not at the monetization threshhold yet (1,000 subscribers needed), but at current organic growth using an estimate of 10% MoM growth, this puts me at about three months until I cross the 1,000 subscriber milestone needed for monetization.
In order to try and bridge that gap much sooner, I'm considering throwing in a couple hundred dollars in ad spend to get a drastic bump in the number of interested eyes on my channel.
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Now, for the Investments portion of this blog post:
As you can see, saw a healthy portfolio growth this month; with the growth rate of 8.1% beating my target (absolutely insane) expected growth rate of 6.5% MoM. Stocks are up slightly over last month; surprising given the ongoing lockdown. (By the way, if you're curious what I hold--ZSP, ZDY, and RY, all on the TSX).
Crypto is up, except for Binance where I lost a bit of value due to some bad trades. Had a few deposits from my mining rigs to boost up that Coinsquare number, which otherwise went down in value from some of my hodling's highs. I have a few Sell trades that I'm still waiting to fill once the value of XLM and BSV go back up...
In terms of manual trading on Coinsquare, the value of some of the altcoins dropped while I was waiting for a Sell order to fill; currently I'm down by 1.58% on raw BTC value compared to my starting baseline (which is constantly updated to account for incoming deposits). It's not the trades themselves that are the problem, it's getting them filled. Once the values rise up enough to fill my waiting Sell orders, I'll be back up over 10% in BTC value over my base line... whenever that may be.
Back on the topic of stocks for a sec--you'll notice that I don't really put a lot of capital into stocks every month, with the value changing just from the stock value and inbound dividend payments. Why is that? Well, I'm prioritizing debt payoffs first--my student loans, car payments, and some minor lingering credit card debt are all being paid off first. Once that's in the clear, I'll start streaming on the order of ~$1,000 a month into my stock portfolio.
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Last portion of the blog post; a new section that I'll start appending to the end of each monthly post to show what my plans are for the next month; for comparison of what actually got executed vs. what the plan was.
Here's my outstanding task backlog for June:
- If approved, implement Jeven Dovey affiliate marketing program with Twitter bot
- Mirror my Youtube Channel to both Lbry and BitChute alternative platforms
- Ongoing listings of things for sale for my Flipping project
- Implement End Cards for my Youtube channel to keep viewers in my channel ecosystem
- Investigate potential rewards and added value for viewers with a Patreon
- At least three new Youtube videos
That will probably change drastically between now and next month's post.
If you find these posts helpful, and you are interested in cryptocurrency, try signing up for Binance! It's a widely-known cyrptocurrency exchange (think stock exchange, but for crypto). It's free to do so, and by using my referral link we'll both earn 10% of any trading fees you pay.
https://www.binance.com/en/register?ref=WZKZ16ZW
See you next post!
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