Things are starting to get interesting as a lot changed this month. It is December, so most of my product affiliate links saw more action than normal but I also dove in head first into Cryptocurrency Mining. As I write this I am thinking back on what I was thinking when I decided to start investing in Crypto Coins and in Mining. I was a little scared, but I knew that I would miss the boat if I didn’t start right away.
In December I made a lot of changes to my investments. I don’t typically include investments as side income because I look at my investments as a long-term growth strategy. My strategy for buying and selling stocks is to continue to grow that portfolio into something I can use for retirement. The stock market has been good to me in 2017 but the growth is nothing compared to what has happened in Cryptocurrency in the last month.
I talked a lot about my mindset in a video I filmed on Building My First Ethereum Mining Rig, but I saw Cryptocurrency Mining as a less risky way to get into Cryptocurrency. If I was wrong, I could at least sell the mining rig or its components. Currently, I am posting weekly update videos to a new YouTube channel where I focus more on Cryptocurrency and Mining. It’s called AltCast. My goal is to talk about alternative forms of investing as well. Right now my topics are mostly Cryptocurrency and Crypto Mining.
I want to talk about the crazy things that have been happening in January so far but this blog is about December so I am going to try to stay on topic. You can follow me on Instagram, Twitter, and Facebook. I will try to share as much as I can there as it happens.
Towards the end of the month, I filmed a course titled How to Build an Ethereum Mining Rig. I had built a few at this point and had been answering a lot of questions online. The course went live a few days before the new year so it only sold a few copies. I’m excited to see how the course performs through January.
Traffic to the YouTube channels continues to grow. State of Tech and the new AltCast got most of the attention in December even though I wanted to give Ditch Auto more time. State of Tech has seen some growth due to the mining specific videos I posted. I thought about doing more mining content for State of Tech but I didn’t want to get too far off topic so I created AltCast to discuss investing and Cryptocurrency.
With that said, here is my Side Income Report for December of 2017. I am looking forward to seeing where things go in 2018 as I continue to explore new ways to grow my personal income.
December 2017 side income total – $3705.40 (+16.98%)
- StateOfTech – $1351.56 (+21.33%) Subscribers: 24167 (+6.48%)
This YouTube channel is part mobile technology review videos and part tech tutorial videos. There were a few videos added to the channel this month but we did add a bunch of videos right at the end of October that was specific to the Samsung Galaxy Note 8. Those videos tend to take off a few months after they go live.
- Ditch Auto – $595.45 (+36.25%) Subscribers: 20692 (+7.28)
This YouTube channel is similar to StateOfTech but for Photography. The videos that perform well are reviews and tutorials. Not a lot of content has been added to Ditch Auto this month.
- Jerad Hill – $36.07 (-0%) Subscribers: 4626 (+0.37%)
This is my personal channel which I do not post too often. I do plan to do a lot more on my personal channel in the near future. I am just trying to decide what I want my focus to be there.
- Amazon Product Links – $840.51 (+45.15%)
With August being back to school, it makes sense that these numbers would be higher. The majority of the product links I have out there are for technology and camera equipment. We have not put out much content that includes product links so I don’t expect much growth here until Christmas shopping begins.
- Google Adsense links/display – $155.33 (+31.99%)
I cut some of the fat on a couple of my websites which will initially produce a decrease in traffic. I deleted a lot of content that I did not feel was relevant anymore. Many of these pages would generate a click or two here and there from organic search, but I deleted it all so that the search engines could focus on crawling quality content.
- Paid courses on Jerad.Courses – $74.00 (+100%)
This is a new side income category. I have had this website live for a few years now but there has not been any paid courses on it until now. I expect a lot of growth here as I continue to produce content.
- Paid courses on Udemy – $7.49 (-111.91%)
I only have one paid course currently and that course is getting old. It needs to be refreshed. I have plans later this month to get new courses out that will be paid and to revise a couple of my existing courses to drive some return traffic to my instructor page.
- Other monthly revenue streams from side work – $645 (-34.62%)
I turned off a couple of sources of this other income that I did not plan to maintain any longer. These sources really only brought in $20-75 per source and took an average of 3 hours per source. Not a good return on invested time, so they are gone.
I am excited about what 2018 will bring. I have a renewed vigor for improving my side income and a new goal I will announce with the January Side Income Report. I also plan to start filming some videos for my personal YouTube channel to discuss more on how I produce content that leads to the side income I am reporting in these blogs.
Thanks for coming along. If you have any questions, please ask them in the comments section below.