Coil Income Report: June 2020

by | 2 July 2020 | Business, Content Creation | 7 comments

4 min read

Welcome to the sixth edition of my Coil income reports, which I publish monthly.

Having Coil integrated into this WordPress website enables me to receive tiny micropayments streamed to me in real time as visitors are reading my articles — provided they have an active Coil subscription.

While it is also possible to receive those payments in US dollars and many other fiat and crypto currencies, I am receiving mine in XRP, which is a cryptocurrency used for different use cases.

This Month’s XRP Balance

Coil XRP Balance June 2020

My XRP balance for June 2020 that I received through Coil

Last month I received a total of 5.31169 XRP, which corresponds to a decrease of -86 % compared to the previous month. With the exchange rate of XRP/EUR on the last day of the month that was worth roughly 0,83 €. That corresponds to a decrease of -88 % compared to the previous month.

This Month’s Traffic Analytics

Chart of my blog traffic analytics for June 2020

Chart of my blog traffic analytics for June 2020

Let’s measure it against my blog traffic analytics from last month.

I had 454 visitors on my blog in the past month. That’s a decrease of -14 % compared to the previous month. Divided by the amount I earned through Coil makes 0,002 € that I earned per visitor.

This balance also includes the payments that I receive from Coil subscribers watching the content that I share directly on the Coil blogging platform and my videos on Cinnamon or YouTube.

Therefore, it’s not super accurate, but sufficient for me at this point.

Another Coil Boost

Yet again, I’m very humbled to have received another payout from the Coil boost program.

On June 24, I received an extra 2797.86015 XRP, which was worth $ 530.06 at that moment. This is such an exceptional boost for my motivation to stay engaged with the development around this new web monetization opportunity. I’m excited to be a part of that.

While I wasn’t able to publish articles on my post for the whole month, I’m happy to have completed one project that I was thinking about for a while — a Twitter bot to keep track of the adoption of Web Monetization.

I just really wanted to find a way that would help to somehow put the momentum that I’m starting to feel around this development in a visually tangible and trackable form. I’m really happy with the result and that I got it to run fully automatic from now on, even though I have never worked on anything like this before. Where’s a will, there’s a way!

I’m also excited to have submitted my application for the first call for proposals of the Grant for the Web and I’m looking forward to find out what kind of projects we’ll see emerge from it in the next few months.

I feel many puzzle pieces coming together recently in many things, so I’m hopeful to soon be able again to share a bit more of what I’m working on. Sometimes things just take a bit more time and I’m granting myself, as this year hasn’t been and still won’t be a particular stable one.

You can check out all my monthly Coil income reports, which I create to track the development and perceived adoption of Coil.

If you have any questions, feel free to drop them in the comments below this article.

If you are curious to find out how to integrate Coil into your own WordPress website or blog, check out my step-by-step guide on how to do it.

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Tahlia

I agree with Neils comment, if it wasn’t for your post I wouldn’t have web monetised my website. However, because I’m with Wix I’m still struggling to figure out how to monetize my blogs specifically but I’ll figure it out. Love that you’ve helped make web monetisation simpler to understand especially for a newbie like me. Keep up the phenomenal posts Benny & good luck with your GftW!

Niels

Hey Benny, just want to say that I think you’ve created a lot of important content in these past few months! Ranging from your tutorials on implementing webmonetization related tools (I’ve used a few of them), to the new webmonetization bot on Twitter. Terrific job! And I’m glad to hear that the Coil team is recognizing your efforts;)

Adam

Hi Benny! Great report!! Just to clarify, do you think the Coil Boost is from articles you’ve posted directly on the Coil blogging site… or is it from articles you’ve posted on this site, but linked through Coil?

Sorry, I should have been following more closely, but as you said, it’s been a crazy busy month! Best of luck with GftW!