It’s been quite a while since I’ve posted an update about my YouTube.com/OneMinuteEconomics channel, which went from 3,000+ to 6,000+ subscribers and is growing remarkably well.

Right now, I’m gaining roughly 32 new subscribers each day and am pretty close to 100,000 monthly views.

But this comes at a price: time and money.

I’ve started this channel as a hobby, just the idea of me posting a video once every two months or maybe once a month.

But the thing is, the videos got solid feedback and people wanted more. So I said “sure” and published more… more and more. Which brings me to the present and here I am, posting two videos not per month but per week!

For example, here are the videos I’ve published over the past month:

On February 1, one through which I compare technical and fundamental analysis.

On February 4, one about the World Trade Organization.

On February 7, one about penny stocks.

On February 11, one about pump and dump schemes in general.

On February 14, a comparison between tangible and intangible assets.

On February 18, one about bank runs.

On February 22, one about bank deposit guarantees.

On February 25, one about the viability of college and student loans.

On February 28, one about the economics behind doing/fixing stuff yourself (DIY) vs. hiring a professional.

… and this is pretty much the pace at which I’m publishing videos right now.

From the perspective of the channel and its viewers, this is great.

I already have lots of videos about various important topics, organized through well-categorized playlists as well (one about personal finance, one about economic history and so on) and all that. Also, at the current pace, I’ll be adding about 100 videos per year which again, it great. The channel is becoming more and more useful/meaningful but again, this comes at a price: time and money.

Right now, the channel went from being a hobby to becoming pretty much a part-time occupation.

Therefore, it’s time to also make some money.

I’ve enabled ads but if there’s one thing I’ve learned about YouTube, it’s that ads alone aren’t enough.

As such, I’m also experimenting with other ways of making money. In each video, I post a message asking those who want to support the channel to visit OneMinuteEconomics.com. Take a look and you’ll notice those who want to support the channel have various options: buying my book, donating directly via PayPal, making a Bitcoin donation or becoming a patron on Patreon (a service which lets people sponsor my channel by making a monthly contribution, starting with as little as $1).

I’ve only been experimenting with this for a relatively short period, so I don’t have much to report on the results front but this much is certain: for every dollar I make via ads, I have to make at least another dollar through other methods because again, ad revenue alone is just not enough.

Content-wise, everything’s on the right track. My traffic and subscriber base is growing, people appreciate my work and so on.

What’s clear is that right now, the money side of things requires my attention.

I’ll keep you guys posted on what happens next 🙂