It seems quite normal for very popular Youtubers to branch out and not be dependant on one source of income, while simultaneously leveraging their marketing reach.
The daily goal tracker she developed is really neat, and I would love to own. The profit margin on it must be insane though at the price.
I dunno about that profit margin. Don't underestimate how expensive developing products is as low scale. It would not surprise me if the margin is pretty normal.
Simone actually has a pretty good video that covers her costs to run the product business. TL;DW, not very much profit, especially at the beginning/low volumes.
It actually sounded like she was running it at a loss. Or rather that if there was any profit, it was because she was taking pretty much no salary out of the company.
I really hope it succeeds but I think this is one case where someone with good marketing and sales skills could help her out a lot while she's able to focus on product.
It's just good business. It's never a great idea to have only one source of income (especially one as inherently risky as YouTube). That's a serious vulnerability.
Ideally, you not only have multiple sources but you choose the sources so that they have different economic dependencies. That way, conditions that adversely impact one of them don't adversely impact the others -- or, even better, so that conditions that adversely impacts one positively impacts another.
Since a daily activity once checked presumably never become unchecked, this could be just a big sheet of hexagons you can color in when the activity is done. Yes, you need to print out a new one once a year, but that's pretty trivial cost and time wise compared to the calendar gadget. Granted, the calendar is a cool gadget.
Tried that and didn’t work for me. I do hope it works for others.
Sometimes we do need custom tools even for the most basic needs. Mine is built to track not only that I did it but it allows me to comment on it. I can then go back and read through different entries. It’s super useful.
One of the use cases is tracking medications. I then share the notes with my GP (they appreciate things being timestamped).
Btw, love your website!
I use it for multiple things like writing. I will just create an entry to track it and then just write away. I also track when I work on my projects. One button click and it records the time when I start working on my car for example. Then I can track how much I spend on it and calculate how much a given repair or modification might take to complete.
Oh wow! Did not expect you here, but it makes sense. You were the reason I started building my own ukuleles at the age of 14 or so. They became quite amazing after the third one ;-) Thanks a ton for your work and have an amazing day, Matthias!
I use a pocket sized notepad with graph paper that I use to track "streaks." Each row represents a day, and each column represents the activity that I want to track.
The day to day benefits are nice. It's easy to use, doesn't need batteries, and is always with me. What I didn't anticipate when I started doing it was how cool it is to look back on what I've tracked - it's like a weird little art piece I get to have as a reminder of the hard work.
The daily goal tracker she developed is really neat, and I would love to own. The profit margin on it must be insane though at the price.
https://yetch-shop.fourthwall.com/en-nzd/products/every-day-...