You are viewing a single comment's thread from:
RE: I Don't Like NAKED Posts! (A small rant...)
howdy today @denmarkguy! well sir, I agree with everything you said with the only question being: can this become a good money maker if the price goes up to $100 or even $1000?
Then you could make some money right?
thank you sir for your thoughts and wisdom.
Honestly, I don't know what "a good money maker" looks like.
Disregarding whether or not the Facebook social media model is "exploiting" people or not, we know that the "value" of a social media account's content is about $20 +/- a year. That's a matter of public record you can extract from Facebook's public statement filings as a public corporation.
Assuming, for a moment, that we want to stay within the realms of "reality," then we shouldn't really expect the "average account" on Steemit to have a value much above $20 a year, either.
Now, that number is skewed by the fact that the vast majority of social media accounts are — in fact — inactive or almost inactive. The old 90/10 rule is pretty much in effect: 90% of the content is created by 10% of the accounts.
So now we are perhaps playing with the average active account being worth maybe $180 a year, in terms of the value created.
Of course, there will be a vast activity range among those top 10%. Someone like you, who can crank out almost 1000 comments a week will end up at the extreme top end of the pile, assuming this remains a "meritocracy," to some degree.
So to answer your question... this could be a "good money maker," to you but not necessarily to a lot of other people. But still, the question remains: What is "good?"
For a while, I was doing "well" on now defunct content site Squidoo; regularly hanging out among the top 500 users on a site that was (at the time) ranked among the top 100 sites, worldwide. Even so, my best months got me maybe $1200 a month. That was pretty close to "elite" when it comes to blogging, but still pretty much minimum wage, as compared to being a software engineer, for example.
I don't know if that comes close to answering your question contextually, but I hope so.
howdy today @denmarkguy! I'm so thankful that I found you because you have so much knowledge of this type of business or side hustle or whatever we call it. I guess true writers and authors like you call it your Passion and the world is blessed because of it, too bad the income hasn't been there but there is some room for hope.
As for Steemit it all comes down to the value of Steem and the growth in numbers for Steemit, all we have to do is wait for Steem to reach $2000! lol.
thank you so much sir, yes you answered my question so masterfully.