Approaching the end of the year, things aren't picking up quite like I'd hoped.
October was a slightly mixed performing month; I saw $650 in gross project income, but a slight -0.55% drop in my investment portfolio value due to a slight cryptocurrency downtrend.
- $242 from Flipping, thanks to a last-minute high revenue sale of something that's been sitting in my inventory since I started.
- $152 in Youtube ad revenue, lower than previous months due to downturn in Youtube metrics
- $82 in Nicehash earnings due to severe mining downtrend and several GPUs being out of commission
- $78 in Patreon earnings, marking the first ever month of Patreon revenue!
- $36 in Print on Demand artwork sales via Redbubble and Society6
- $20 from 3D print sales on Shapeways
- $20 from Ownboard electric skateboard affiliate sales
- $14 in Amazon Affiliate income
- $10 in 3D model sales on MyMiniFactory
- $3.99 in Signum token mining income/value gain
- -$0.52 in Binance value loss using my homebrew Gaia Crytpocurrency Trading Tool
- -$1.38 in Lbry token value loss
My first Patrons joined in October, and although sadly one of them cancelled before their bill was due, I still have one patron who paid their due! And staggeringly, that patron was the guy who pledged a high amount!
At the end of my Youtube videos, I now end the video with some version of "see you guys over on Patreon" to generate some leads there, as opposed to the previous "see you guys later" I used before.
In another first for this month, I also made my first affiliate revenue from electric skateboard sale commissions! I have an affiliate link to Ownboard's website; I used their W2 kit to build my backpacking and touring board, and someone must have liked my setup enough to purchase a kit using my affiliate link.
Let's jump over to the Cryptocurrency sector first, before we get too deep into the Youtube stuff.
Continuing last month's trend, mining income from GPU mining has been terrible--ever since the ETH PoS merge. That, combined with my aging rigs, and the fact that I have a few GPUs down right now awaiting fan replacements, and you can start to see why I think my time in the GPU mining arena is on it's way out.
Moving to a house is in the nearer-term horizon now, in the scope of two years. At this point I'm not sure if it makes sense to invest in newer GPU mining setups, as my electrical situation will not be the same post-move. Although, maybe I can supplement with solar and other renewables... I'll have to sit and evaluate that.
With my homebrew GCTT trading bot trading on Binance, I'm currently down -7.52%. I had a couple of poor-performing strategies that I've since pruned, and set those trading pairs to Auto to benchmark & automatically select what's most profitable. I expect that next month I'll be in the positives, but we'll see.
As you might remember, the project was created to promote affiliate signups; unfortunately I have no new signups to report over last month:
Let's jump over to Youtube land.
Looking over the last 365 days, you can see my view count has essentially dropped to what it was a year ago.
To say this is fucking frustrating is an understatement.
Let's look at the metrics before I get too deep into it:
- Published 3 videos, keeping on track with minimum. (Took a week off due to burnout)
- Finished October with 6,762 subscribers, up 187 over last month.
- Subscriber growth rate: 2.8%, down from last month's 3.2%
- Average daily views throughout October: 649, down from last month's 779; or a decrease of -16.7%
- Average daily subscriber count: 6, Down from last month's 8
Towards the end of every year, I get to thinking about the focus of the channel and how it's doing. Last year, I narrowed the focus to 'combining fun, futuristic technology with traditional outdoors experiences,' but even that is too wide a net for my content niche. It shows in my click-through rates on my videos.
I thought about what sorts of videos I'm really passionate about making--which ones I have the most fun thinking about and doing. What sorts of things I'm doing, and nobody else is. My unique value proposition. And I boiled down my mission statement to just three words for what Mike in the Woods is about: "Unconventional EV adventuring." Electric skateboard backpacking. Other electric rideables for touring & exploration, like the electric snowboard build I'm working on, and the autonomous inflatable boat project for raftpacking. And soon, light-duty overlanding & camp life with my Tesla Model 3.
So, I refined my content to focus in on the electric vehicle adventuring aspect. I also made some slight adjustments to my thumbnail designs, and combining that with some tweaks here and there with SEO & titles, I can hopefully turn the Youtube ship around. Can't give up. Put too much blood, sweat, and tears into Mike in the Woods to let it fall flat on it's face.
Anyways. Let's take a look at the work items I set out to do in October:
- 4x Mike in the Woods Youtube videos (minimum of 3)
Completed minimum of 3 - Maintain 200 active Flipping listings
Succeeded! - Electric Snowboard build -- Resolve missing motor shipment issue
Completed, motor has arrived, awaiting unforeseen needed wire adapter - Complete features for, and release, Gaia Cryptocurrency Trading Tool v0.3.0
Done - Order replacement parts for one of Mining Rig 004's GPUs
Not done yet
November's work items:
- 4x Mike in the Woods Youtube Videos (minimum of 3)
- Maintain 200 active Flipping listings
- Electric Snowboard Build:
- Resolve wire type mismatch issue -- Z916 to Z910 adapter
- Begin initial ESC programming with motor & verify functionality
- Redesign motor mount as drop-in (consider screw & nut to close off)
- Monitor affiliate signups with Binance to gauge when to move forward with GCTT version 0.4.0 development
- Resolve multi-fan dead GPUs
Okay. Now a look at my investment portfolio:
Saw a loss of -0.55% thanks to value loss in Crypto. Thanks, Crypto...
Portfolio weighting:
As you can see, it's nudged a little bit back in the direction of Stocks. It's relatively evenly weighted between cryptocurrency and stocks.
And finally, a look at my FIRE income tracker, where I calculate my total monthly revenue plus the monthly portion of my 4% annual withdrawal rate of my investments:
Bit of a bump from last month, but still quite a ways to go.
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.
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