The Flaws I Found in The Record Keeping of My Stats
A few suggestions or statements in the comments from the reader had me digging a bit
In my last post, I shared how I started to keep track of some stats for March.
Little did I know there were so many flaws behind it.
So what did they say?
Chris B. Murphy asked to show how much each post earns so we can see a clearer picture of what works better.
Lucian Ioan Chirilă mentioned that it does take some hours for the earnings to be fully updated on the dashboard. Not just that but the earnings we see today are not all from March’s Post.
The Flaws in the earnings
Do you remember this?
You see how it is going down?
But the rate it is decreasing is not the same.
Dec. 2023 to Jan. 2024
$32.33 to 19.62 is -39.31% — 4.57 to 3.74 is -18.16%
Jan 2024 to Feb. 2024
$19.62 to 10.93 is -44.29% — 3.74 to 3.03 is -18.98%
Feb. 2024 to March(half) 2024
$10.93 to 11.18 is 2.29% — 3.03 to 3.24 is 6.93%
The one flaw here is how the increase in story length does not improve earnings much but the decrease will surely kill earnings in a very correlated way. (with basically the same read ratio of average 62%)
You can check if it’s true for you.
Findings More Flaws
After adding the earnings per post, I now realize there’s another flaw here.
Please pay attendtion in the section highlighted in Grey
I’ll paste them below as well.
Total March Earnings $413.81
Earning From March’s Post $256.59
Earning From Post Before March $157.22
Average Earning Per Post $11.18
Earning From March 62.01%
Earning From Post Before March 37.99%
Average Earnings per Post for March $6.93
We probably know that the earnings contain all cumulative readings of that day. But somehow we use it to determine earnings per read or per story.
Which
Earning per read is wrong.
Earning per post is wrong.
(If only I can add all the data from each post from that day)
The earning amount for the day is correct.
One thing I found is that Passive income on medium is more real than what I realized.
At least 37%+’s earnings were not from March.
Going Forward
Looking at combined total earnings in $ is fine. (this is actually a measure of all combined post-performance that day)
Using the stats of each post is fine.
But will no longer use the reading per read and per post by the daily earning amount. (which does not incorporate the source of all reads is coming from)
So analyzing post by post and showing how much earning for the time period would be the way to go.
Thanks for Reading
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