The My First Plant calculator is suitable as an indication of potential crop yields for the MyFirstPlant crowd growing platform. Assumptions can be made about own plant purchases and team successes can be planned.
MyFirstPlant harvest and commission calculator
ⓘ Please note that this online calculator is not an official calculator of MyFirstPlant. Our calculator serves only as an indication of the possible crop yields, taking into account various assumptions, and therefore only simulates the possible income associated with the harvest. Thus, we can neither guarantee the calculated results nor give any warranty for the correctness of the results. Also note in the event that crowdgrowing is classified as an asset investment and is not considered a service or can be classified as growing management services: The acquisition of this asset investment is associated with significant risks and can lead to the complete loss of the invested assets. Furthermore, our guidebook should not be misunderstood as asset, tax or financial advice. Thus, the guidebook explicitly does not represent investment and financial advice or corresponding financial recommendations for action.
How the MyFirstPlant calculator works
The calculator for MyFirstPlant is particularly suitable for determining the possible crop yields and team commissions. With the help of the MFP calculator, you can get a better idea of the possible passive income and the possible return. Afterwards, the result can also be compared with other crowd growing platforms. To do this, you first have to select whether you want to buy indoor or outdoor plants:
- Indoor plants: 5 years Growing Service free of charge; thereafter still with flat rate for additional costs
- Outdoor plants: one-time harvest without renewal of the plant; therefore favourable price
MyFirstPlant distinguishes between two different types of indoor plants (indoor #1 and #2). These types differ in both costs and potential yields. After selecting the plant, you can adjust the factors that are important for MyFirstPlant’s growing service. The following factors play an important role in calculating the monthly passive income:
- Planned number of cannabis plants
- Duration per harvest cycle in days
- Harvest yield per cycle in grams
- Selling price per gram
Furthermore, one can additionally activate the option to consider team plants. By activating it, one can see what additional passive income can be earned by recruiting new team members. With MyFirstPlant, in addition to the one-off sales commissions, you also earn continuously from your team’s crop yields. By building up your own MyFirstPlant team, you can therefore build up an additional attractive passive income. This additional income is therefore harvest commissions.
Assumptions of our MyFirstPlant calculator
In general, we have to work with assumptions when using the MyFirstPlant calculator. This is because harvests, market prices and ancillary harvest costs are always subject to fluctuations. Therefore, all assumptions are always subject to risks and should not be understood as certain. In particular, the following factors are based on assumptions:
- Harvest cycle in days: How often are MyFirstPlant plants harvested?
- Harvest yield per cycle in grams: How much yield does a MyFirstPlant plant generate per harvest?
- Selling price per gram: At what price can the harvest be sold via MyFirstPlant?
Our assumptions are based on the information provided by MyFirstPlant and our own MyFirstPlant experience. Our aim is to provide as realistic a picture as possible of the possible returns and thus improve the basis for decision-making. Our MyFirstPlant calculator allows you to determine the factors yourself and thus to make plan calculations. To simplify this, we have integrated intuitive sliders in the MyFirstPlant calculator. With these sliders you can easily adjust the factors. Nevertheless, it is advisable to calculate different scenarios (optimistic, average, pessimistic) in order to obtain a realistic plan.
Calculate passive income from MyFirstPlant
Our MyFirstPlant calculator contains calculated fields that calculate the monthly passive income. However, the passive income is only broken down mathematically on a monthly basis. In reality, the passive income only accrues after the actual sale of the harvest by the plant owner. However, the crop sales are based on the assumed harvest cycles (i.e. rather quarterly). The MFP calculator thus gives an insight into how the total passive income through MyFirstPlant is made up. Both own harvest and team harvest are relevant here. Building up one’s own MFP team is thus merely an optional and supplementary way of earning, which in our view can be very worthwhile. At this point, we would also like to draw attention once again to the risks of crowdgrowing.
Other crowd growing calculators
In addition to the MyFirstPlant calculator, there are other calculators from comparable platforms on our Crowd Growing Portal. A look at the other calculators can be worthwhile in order to better compare the existing platforms with each other. However, not only monetary factors should decide on the choice of crowd growing platform.
What other crowd growing calculators are available?
If there are other interesting and reputable platforms for growing services on the market, please let us know. We will then be happy to take a closer look at these new providers and include them in our crowd growing comparison.
FAQ about our MyFirstPlant calculator
The MyFirstPlant calculator calculates the potential crop yields based on statements by MyFirstPlant and various internal and external empirical values from the crowd growing community. Based on the assumed factors for the potential crop yields and sales prices, conclusions can be drawn about the yield and the monthly passive income.
Yes, MyFirstPlant is a crowd growing platform that distributes its products through a structural distribution model. One only has to activate the field “Consider team plants” in order to consider potential commissions through advertising measures. After activation, a commission overview is also displayed in addition to one’s own harvest overview. This additional overview is based on the entries of the planned team successes. Participation in the MyFirstPlant structural sales model is voluntary and only complements the earning opportunities on the MyFirstPlant Crowd Growing platform.
The passive income is determined on the basis of the annual harvest yields depending on the planned number of plants. If the team plant option is active, this can additionally be supplemented by participation in the team harvest. The total annual harvest value is then broken down to months. As a result, the MyFirstPlant calculator shows an imputed monthly passive income. However, actual cash flows only ever flow after the MyFirstPlant harvests have actually been sold and are thus dependent on the assumed harvest cycle. The calculated monthly passive income therefore only serves as an indication.
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