The winds are a-changin’. This January was what I will call a Unicorn Month. A Unicorn Month is a month where things were definitely out of the ordinary. I am always watching for opportunities and sometimes what I thought was the opportunity actually turned out to be something else.
In December, I started mining cryptocurrency. There has been a lot of people getting into mining and that has put real strains on the supply of mining hardware. This was already happening when I started buying my initial equipment. I had a lot of people come out of the woodworks wanting information about mining. I produced a video course titled “How to Build an Ethereum Mining Rig” which performed well during the month of January. I also started looking for alternative suppliers of Graphics Cards for Mining Computers. I was fortunate enough to get a large order of them, so I sold them on Amazon and eBay for a profit. I was able to sell so many of them that I paid for all of my mining equipment and am up about $2500 at the time of writing this.
I also started producing a lot of content on the topic of Crypto Mining on YouTube. I enjoy teaching and learning so it just made sense to start producing videos. I am also using these videos to market the course I mentioned earlier.
My YouTube channels continued to grow and saw consistent traffic as the holiday season came to a close. I saw a dip toward the end of January. Revenue was down since the holidays were over so from here on out the monetization revenue will reflect more realistic numbers. A major goal is to get that back up with content that is not so seasonal.
The growth I saw in December and the Unicorn month of January will offer me some additional freedom going into February so I can focus a bit more on my side income streams in between taking care of my existing clients with Hill Media Group. Not having to worry so much about bringing in new clients for a couple of months will give me that extra focus I need to keep things moving forward.
With that said, here is my Side Income Report for January of 2018. This year is off to a great start. In February I have started filming videos on a variety of topics that I post to this website as well as my personal YouTube Channel. Make sure to subscribe to my YouTube channel to follow along as I continue to explore new ways to grow my personal income.
January 2018 Side Income Total – $8,334.72 (+76.9%)
- StateOfTech – $901.99 (-39.89%) Subscribers: 26537 (+9.35%) Watch Time: 1,399,652 Minutes (+2.49%)
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 my focus was on other channels.
- Ditch Auto – $358.61 (-49.65%) Subscribers: 22053 (+6.37) Watch Time: 882,775 Minutes (-15.49%)
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 – $25.85 (-33.01%) Subscribers: 4736 (+2.35%) Watch Time: 33,316 Minutes (-8.68%)
This is my personal channel which I do not post too often. In February I plan to start producing a daily video. I am not sure what this is going to look like yet but I am sure it will eventually add to growth.
- AltCast – $0 (0%) Subscribers: 439 (+100%) Watch Time: 17,471 Minutes (+100%)
AltCast is a new channel started January 2018 with a focus on alternative forms of investing and cryptocurrency mining. This channel will not be monetizable through YouTube until I reach 1,000 subscribers and hit 4,000 watch hours for the year.
- Amazon Product Links – $1,704 .69 (+67.91%)
I saw a huge boost in Amazon Affiliate sales this month due to the success of my Cryptocurrency Mining videos and the Mining Course. People were using my links to purchase parts to build their mining rigs. On top of that, I think that a lot of people received Amazon gift cards for Christmas and were spending them on items they found through my content.
- Google Adsense links/display – $93.58 (-49.62%)
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 – $1,005.00 (+172.57%)
The “How to Build an Ethereum Mining” course drove the growth this month. Cryptocurrency has received a lot of attention which has driven a lot of traffic to my videos which market my course. I have not done any marketing of this course yet other than linking to it from my YouTube videos.
- Paid courses on Udemy – $968.48 (+196.93%)
I decided to add my Ethereum Mining course to Udemy as well. Udemy organic drove most of the traffic to this course which means I received a much smaller portion of the sales than I would on my own website It took 3x the signups to Udemy to make this amount compared to what it takes on my own course website.
- Other monthly revenue streams from side work – $3,276.52 (+134.21%)
My buying and selling mining hardware paid off as this month. I was able to make some solid side income from Amazon and eBay. I even made my employee James $2,500 as he had me sell the hardware he had purchased to start mining. I made a video explaining how I bet on Mining Hardware in January over Cryptocurrency, and it paid! I put this under other income because this is not a sustainable side income that will continue on. I am only able to sell mining hardware so long as there is a huge supply and demand issue. This revenue does not include what paid off my mining hardware. I was able to pay off all of my mining hardware with the profits and have money left over, which is what I have reported here, otherwise, this number would have been much larger. I will explain this more in the side income report video I will post to my YouTube Channel.
This is a new category that I am not including in my side income revenue because these are investments. In my opinion, these investments will not become income until I cash them out. In the future, I may break this out on its own as I have more content for this area. I have been investing on my own for a few years but I have not really taken it very seriously until late last year.
- Stocks (Robinhood) – Holdings: $6,550.43 (-68.62%)
In December I sold off all stocks that were not performing outstanding to fund the purchase of mining equipment for resale. My original holdings before the selloff were at $22,000 as of December 1st. I will talk about it more, but I am glad that I did. I would not have seen the huge drop in the Stock Market that happened in February. I invest in the Stock Market using the Robinhood App. I will be talking more about how I use this app on my personal YouTube channel and the AltCast YouTube Channel.
- Cryptocurrency – Holdings: 4,039.42 (0.0%)
Up until 2/8/2018 I held my crypto in various wallets with no simple way to get metrics on the performance of my holdings as the market fluctuates and new payouts from the mining operations are deposited. I have since started a spreadsheet to keep track of my holdings. I should be able to better report on the performance going forward. If you want to get started investing in Cryptocurrency, I suggest joining Coinbase. You can buy and sell Bitcoin, Ethereum, Bitcoin Cash, and Litecoin currently.
What a way to start off 2018! I am excited to see where things go. I have prepared myself for a much lower February but I do not plan on letting grass grow under my feet. With all of my mining equipment paid off, I can focus on sharing revenues from my mining operations as well. I am still working out how I am going to add that into this report as what I earn from mining I see more as an investment than I do actual revenue.
Thanks for coming along. If you have any questions, please ask them in the comments section below.