A new year, a new me. And we start off in the green!
My income number wasn't that great; only $558. However, all investments were up month-over-month by 12%, so at least there's that!
- $240 in flipping sales, showing a strong return to form!
- $139 in Youtube ad revenue. Not much, but January is historically the worst month
- $90 in Nicehash mining earnings
- $41 in Print-On-Demand artwork sales via Redbubble & Society6; surprisingly
- $34 from MyMiniFactory 3d model sales
- $15 in 3D print sales from Shapeways
- $12 in Amazon affiliate sales
- $5.79 in trading profits & value gain on Binance from my GCTT trading bot
- $2.06 in Lbry token value gain & small amount of token income
- $1.97 in Signum token value gain & HDD mining income
As always, let's start with a look at the Cryptocurrency side of things.
With my homebrew Gaia Cryptocurrency Trading Tool bot I wrote, I reset it and updated to my newest version. I started it up and now I only have a fixed set of strategies with dedicated shares of my Binance portfolio--five strats with 20% each. It reset to 0% (baseline), and is currently sitting at -5.49%. One month isn't hard to get any sort of useful trend from, and one of the strats is actually positive--we'll check back in on this in a month and see how it's doing.
Signum saw a bit of a jump, as I continue to mine at full steam with my hard drives--though one or two of the hard drives might be dead (I hear some back clicking on some of my rigs when they start up). Will have to identify those rigs and swap out the drives.
Even Odyssee/Lbry is up, though the actual token amount hasn't really changed.
Still no new affiliate signups on Binance.
Now over to what's become the meat-and-potatoes project: Youtube.
You can see the spikes and trend reversal continue into January, in the 365 day lookback:
Now that I've discovered some things that have made my videos perform better, I have been burning the midnight oil and producing TWO videos a week instead of just one.
Sadly, even with that, I have missed the projected growth numbers to hit either the 25k sub goal OR the minimum 15k sub goal. One month isn't a large data set though, so we'll see how February goes.
Metrics:
- Published 7 videos, much more than one-per-week goal
- Finished January with 7,336 subscribers; up 239 over last month
- Subscriber growth rate: 3.4%, up from last month's 2.8%
- Average daily views throughout January: 784, up from last month's 708; or an increase of 10.7%
- Average daily subscriber count: 7, on par with last month
To hit 25k subs by the end of the year I should be at 7,884; or to hit the 15k goal I should be at 7,554. That equates to a target monthly growth rate of 11.1% for 25k, or 6.45% for 15k.
As I lean into the EV adventuring nature of the channel, I'm looking for ways to optimize everything around the channel. Last month, I turned the 3D print shop back on (no luck getting any sales yet), and now I need to take another go at a Youtube membership program. I also need to look into other ways to monetize for my channel.
I've been assessing various projects and such, and one thing I've honed in on is the idea of an electric motorcycle happening sooner, rather than later, to fulfill the 'electric motorcycle motopacking' aspect of the channel. I've looked at cheaper Zero motorcycle models like the DSR and even the DS, and I think if I trade in my Mazda (and thus, cut out the cost of an additional parking space), it's highly feasible. Will try to have the game plan for that fully sorted out by the end of February--that and the Model 3 will be my stop-gap solutions to ramp up channel content until the Cybertruck comes, in combination with the other channel projects.
Let's take a look at the work items set out for January, versus how I actually did:
- 4x Mike in the Woods Youtube Videos
Published seven - Maintain 207 active Flipping listings
Maintained, except for a few I need to list from recent sales - Electric Snowboard Build:
- Swap motor mount arms to metal reinforcing bracket inserts
Completed! - Perform downhill durability testing
Completed! - Wrap up odds & ends of building like waxing, water-sealing exposed innards
Delayed for now - Continue to monitor Binance affiliate signups to gauge when to move forward with GCTT version 0.4.0 development & release
Still no interest, no active development beyond a few new strategies for my own use - Begin porting Shopify 3D print catalogue to Ebay & Bonanza
Started - Break even on Shopify monthly cost with 3D print sales, preferrably make a profit
No sales yet
Now let's take a look at what I want to accomplish in February:
- Minimum 4x, target 8x, Mike in the Woods Youtube Videos
- Maintain 207 active Flipping listings
- Electric Snowboard build, assuming replacement electric motor arrives:
- Wrap up odds & ends of building like waxing, water sealing exposed innards, organizing ESC & wiring
- Attach Tread v2.0 to new motor
- Attach new motor to motor mounting arms, assess clearance for new tread on arms (may need to tweak and re-print)
- Initial test-ride with everything all powered up
- Continue porting Shopify 3D print catalogue to Ebay & Bonanza
- Break even on Shopify monthly cost with 3D print sales (now at 2x multiplier)
- Successfully pass mock Motorcycle M1 license test
- Finish assessing electric motorcycle project cost & financing
Investment portfolio: Saw a 12.84% month-over-month growth, which is sweet! I'm green across the board (both crypto and stocks), with the only negative being the $25 quarterly fee I pay.
As for weighting:
Things have equalized a bit more towards Cryptocurrency.
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. Still small, but a slight improvement over last month at least. With Youtube starting to do well, I'm interested to see what this chart looks like at the end of 2023, or even in a couple months' time:
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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