A mad, bad Mini project

A mad, bad Mini project

Author
Discussion

CooperS

4,509 posts

220 months

Wednesday 30th August 2023
quotequote all
Megaflow said:
CooperS said:
I think the sad thing is that due to the lack of any communication to the community (who they built over years) they’re in danager of ill will building up.

Tbh they aren’t a Mr Beast or KSI et al and I wonder if this series has had an all around positive impact on their business and therefore pissing off a small bunch of non customers will matter?? (going to guess not)
Well, so that’s the thing. Until they got enough Patreon’s, it wasn’t their business, it was a weekend play thing. Then they got enough Patreon’s to quit their jobs and do YouTube full time, ironically the video output since that point has gone down the toilet.
Ah I thought they would have started the series to promote their fabrication skills.

Probably makes sense if it was a hobby that they monetised they may of lost the love for it but feel indebted to see it through.

Although if it was me I’d finish it - thank the community - and say farewell.

smn159

12,788 posts

218 months

Wednesday 30th August 2023
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donaldtherapist said:
So is there some secret Patreon only viewing portal on which one could see where the money went? Or is it just a scam now?
You might want to rethink that username eek

chrisgtx

1,200 posts

211 months

Wednesday 30th August 2023
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I think it’s quite sad how Binky has now tailed off. I think there must be a lot of people frustrated with the new trailer.

Edited by chrisgtx on Wednesday 30th August 14:43

Smitters

4,013 posts

158 months

Wednesday 30th August 2023
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I'm not a patron, so what I say holds no weight really - they only derive revenue from me via the YT views. However, to be so totally deaf and blind to the situation as to release a video of them racing in 2022 literally a year late is laughable.

I follow a mountain biker called Bernard Kerr. He will do a day's practice/qualy/racing and have the video up under 24 hours. I'll grant you, the editing isn't as time consuming and his content is filmed in a day, but still - it illustrates how the market can work.

I'm sad to say I culled them from my YT subs list. It's just "A bad Mini project" now. Shame.

ChocolateFrog

25,743 posts

174 months

Wednesday 30th August 2023
quotequote all
Funk said:
I guess for me it came down to not being happy to pay £24 for a year of nothing and then have a single 33-min video...

I'm a Patreon for others who charge per video such as Leo for Tally Ho which I'm more than happy to continue with. The Late Brake Show for example is per-month but Jonny produces a lot of great content very regularly.

I get that a project like Binky isn't always going to be a quick process but it's been slowing enormously as they seem to take on other things (Escargot, C1 etc) but those don't really interest me and the first Binky video was nine years ago now.
Leo is the only YouTuber I've actually given money to. Although I just give a lump sum every now and then. Can't be doing with subscriptions.

What's he's achieved is incredible.

Peanut Gallery

2,444 posts

111 months

Wednesday 30th August 2023
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For editing speed - shout out to "Escape to Rural France" - short videos, released daily (apart from Sundays, and the occasional note of "Sorry, I'm taking a break today with the kids, no video today")

On the Binky front, I hope they come back with any of their projects, my T-shirt makes the noise occasionally. As above, I am just a youtube number adder, so cannot really say much.

ChocolateFrog

25,743 posts

174 months

Wednesday 30th August 2023
quotequote all
CooperS said:
Megaflow said:
CooperS said:
I think the sad thing is that due to the lack of any communication to the community (who they built over years) they’re in danager of ill will building up.

Tbh they aren’t a Mr Beast or KSI et al and I wonder if this series has had an all around positive impact on their business and therefore pissing off a small bunch of non customers will matter?? (going to guess not)
Well, so that’s the thing. Until they got enough Patreon’s, it wasn’t their business, it was a weekend play thing. Then they got enough Patreon’s to quit their jobs and do YouTube full time, ironically the video output since that point has gone down the toilet.
Ah I thought they would have started the series to promote their fabrication skills.

Probably makes sense if it was a hobby that they monetised they may of lost the love for it but feel indebted to see it through.

Although if it was me I’d finish it - thank the community - and say farewell.
Or switch all the patreon's over to pay only when a video is uploaded.

It does feel a bit scammy now, they're basically relying on people who have forgotten they've signed up and don't regularly scroll through their direct debits.

They must must be under 1 Binky episode per year now.

Megaflow

9,484 posts

226 months

Wednesday 30th August 2023
quotequote all
ChocolateFrog said:
CooperS said:
Megaflow said:
CooperS said:
I think the sad thing is that due to the lack of any communication to the community (who they built over years) they’re in danager of ill will building up.

Tbh they aren’t a Mr Beast or KSI et al and I wonder if this series has had an all around positive impact on their business and therefore pissing off a small bunch of non customers will matter?? (going to guess not)
Well, so that’s the thing. Until they got enough Patreon’s, it wasn’t their business, it was a weekend play thing. Then they got enough Patreon’s to quit their jobs and do YouTube full time, ironically the video output since that point has gone down the toilet.
Ah I thought they would have started the series to promote their fabrication skills.

Probably makes sense if it was a hobby that they monetised they may of lost the love for it but feel indebted to see it through.

Although if it was me I’d finish it - thank the community - and say farewell.
Or switch all the patreon's over to pay only when a video is uploaded.

It does feel a bit scammy now, they're basically relying on people who have forgotten they've signed up and don't regularly scroll through their direct debits.

They must must be under 1 Binky episode per year now.
They started off with a charge per video, then when they thought they could make it work full time, they went to pay monthly.

robemcdonald

8,858 posts

197 months

Wednesday 30th August 2023
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Just had a quick nose on Patreon.

They have two tiers £2 a month and £4.50 a month for “premium”

They have 3384 patreons

Assuming 10% are premium then they are raising £91,368 a year.

Maybe use that money to get retropower to finish it for them…

Megaflow

9,484 posts

226 months

Wednesday 30th August 2023
quotequote all
And that excludes merchandise and YouTube ad revenue.

ajprice

27,680 posts

197 months

Wednesday 30th August 2023
quotequote all
robemcdonald said:
Just had a quick nose on Patreon.

They have two tiers £2 a month and £4.50 a month for “premium”

They have 3384 patreons

Assuming 10% are premium then they are raising £91,368 a year.

Maybe use that money to get retropower to finish it for them…
Trimworks (Retropower's trimmer guy) did the Binky seats and door trims.

KP328

1,828 posts

196 months

Wednesday 30th August 2023
quotequote all
Even though i have been watching from the very first episode i'm not a patron so just take each video as it comes. Hopefully the lack of updates is down to lots of fabrication and filming and not anything health or family related.

robemcdonald

8,858 posts

197 months

Wednesday 30th August 2023
quotequote all
ajprice said:
robemcdonald said:
Just had a quick nose on Patreon.

They have two tiers £2 a month and £4.50 a month for “premium”

They have 3384 patreons

Assuming 10% are premium then they are raising £91,368 a year.

Maybe use that money to get retropower to finish it for them…
Trimworks (Retropower's trimmer guy) did the Binky seats and door trims.
Funnily enough I spoke to the guy that did the seats at Retropower weekender at goodwood last year....

skwdenyer

16,664 posts

241 months

Wednesday 30th August 2023
quotequote all
robemcdonald said:
Just had a quick nose on Patreon.

They have two tiers £2 a month and £4.50 a month for “premium”

They have 3384 patreons

Assuming 10% are premium then they are raising £91,368 a year.

Maybe use that money to get retropower to finish it for them…
That's a chunk of change, but not quite what it first looks like.

Payment processing costs 5%. Assuming Founders plan, platform fees are another 5%. Another 1% just to get paid. And 2.5% on all currency conversions. And of course there's VAT to deduct. So that £91k is more like £67k.

Still not to be sniffed-at, at all. In 2019, when they were still publishing earnings per month, Patreon was reporting $7.2k per month. If you pro-rate that for Patreon numbers (which are higher now than then, but which peaked at 4800 in August 2021) gives you $9k per month = £7.1k per month = £87k per year.

Which is very close to the estimated £91k per year.

Data from here: https://graphtreon.com/creator/badobsessionmotorsp...

leglessAlex

5,494 posts

142 months

Wednesday 30th August 2023
quotequote all
KP328 said:
Even though i have been watching from the very first episode i'm not a patron so just take each video as it comes. Hopefully the lack of updates is down to lots of fabrication and filming and not anything health or family related.
I also hope this, but some clarity would be nice.

“Hey people that invest their time and money into us, our lives post lockdown and post covid are very up and down. We’re gonna give the channel an indefinite hiatus, and we’ll let you know when we’ll be back”

But no, they still take the Patreon money and appear to dick about with other projects. The last video was pretty laughable progress wise when it had been more than a year since the video before.

Of course, they don’t owe me anything as just a viewer and subscriber. But they do owe Patreons something, and I don’t think they’re delivering. I realise that my words probably mean nothing to them, but the whole situation just makes them look a bit knobby/cheaty tbh.

Funk

26,335 posts

210 months

Wednesday 30th August 2023
quotequote all
skwdenyer said:
robemcdonald said:
Just had a quick nose on Patreon.

They have two tiers £2 a month and £4.50 a month for “premium”

They have 3384 patreons

Assuming 10% are premium then they are raising £91,368 a year.

Maybe use that money to get retropower to finish it for them…
That's a chunk of change, but not quite what it first looks like.

Payment processing costs 5%. Assuming Founders plan, platform fees are another 5%. Another 1% just to get paid. And 2.5% on all currency conversions. And of course there's VAT to deduct. So that £91k is more like £67k.

Still not to be sniffed-at, at all. In 2019, when they were still publishing earnings per month, Patreon was reporting $7.2k per month. If you pro-rate that for Patreon numbers (which are higher now than then, but which peaked at 4800 in August 2021) gives you $9k per month = £7.1k per month = £87k per year.

Which is very close to the estimated £91k per year.

Data from here: https://graphtreon.com/creator/badobsessionmotorsp...
I suppose in fairness that their Patreon isn't specifically about Project Binky, it does say 'automotive related content' - it's just that PB will be main reason most of us would've signed up I guess.

The graph shows they appear to have lost roughly 1000 of the 4000 or so Patreon supporters in the last year and declining steadily.

donaldtherapist

23 posts

9 months

Thursday 31st August 2023
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£90k per year for two or three 30 minute videos is quite the paycheck. That can't be a sustainable business model can it?

ChocolateFrog

25,743 posts

174 months

Thursday 31st August 2023
quotequote all
KP328 said:
Even though i have been watching from the very first episode i'm not a patron so just take each video as it comes. Hopefully the lack of updates is down to lots of fabrication and filming and not anything health or family related.
I think they've gone down the mother of all rabbit holes with the dash.

As much as I love their work some compromise and pragmatism should have been in evidence.

Truckosaurus

11,396 posts

285 months

Thursday 31st August 2023
quotequote all
skwdenyer said:
That's a chunk of change, but not quite what it first looks like....
Also, you can also pay them $1 a month if you wish, although would get no benefits/extras (insert your own joke here).

I give a nominal $1 to several content providers (although not BOM) even when some of them advertise a minimum tier of $2, 3 or $5 etc.

I agree with others that they perhaps they need to do a 'final' video on Binky and declare the series over - although project cars are never finished and they can continue to fiddle about with the car off camera.


n3il123

2,611 posts

214 months

Thursday 31st August 2023
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I do remember them ages ago doing a video where they had all their new projects (that MG, escargot etc) and they seem to have got no where with anything. I think they did the C1 after which was a complete series and then nothing. I understand that they could be having issues with Binky but i'm sure they could get some content out on other projects....

Unless business has just overtaken them and they have basically given up on Youtube in which case they should come out and say that and archive everything.