AFRICANS, ARE YOU INVESTING YOUR REWARDS BACK IN STEEM?
I'll start by quoting an old African proverb which says:
Never eat with Both hands...
This is a Growth initiative by Myself @oluwoleolaide and @lucashunte , co-director of @steem-lagos . It is paramount for newbies/minnows to have more stakes on the platform as it is more advantageous to them. So Aside from the @steem-lagos Workshop series coming up, i decided to make some points on how relevant it is to have more influence token on Steemit. In case you missed the Facebook campaign lunch today- Click Below for Details.
Steem-Lagos Workshop Series Facebook Campaign Lunch
Recently, i have been snooping around profiles and wallets, most espcially newbies and some minnows i know personally and i pondered on how some of this individuals intends to grow in this community if the rate of withdrawals surpasses the amount invested back into their Steem Power. I am partly guilty because i am not buying back enough to my satisfaction but i and some others like me still remained conscious of increasing my influence tokens which made me not to eat with boths hands!
Essentially it is some sort of passive income for some and to some a major means of likely hood. It is a peculiar case in some regions of the world Asia and Africa where steemit has become a liberation to hundreds of Steemians. Which takes us back to the opening quote; if we all continue to take it all out and never worry about a little investment in getting more Influence Token- Steem Power. What happens when the Price of Steem Shoots to the Moon?
I intended to do a short cartoon on this? but i felt it is too important to make a comical approach to this topic, as a matter of facts- this seems like one of the most important dicussions on the platform...Investment!
The benefits are countless when you own more Vests in this platform, increase in Reward is part of it. The growth in your rewards is proportional to the invested Steem Power(excluding thoughts of excessive self-voting) and interactions with people. The more Vest you own, the more your rewards which is another complex disscusion on it's own as regards Self-Votes.
So it is very paramount to have the interest of your influence in mind when you cash out to meet your needs. Ideally, the best way around this is to invest hugely in this from your external reserves which many will agree to; but putting the imbalance in standard if living across the Universe into consideration- it is forgiveable if everyone could afford to do so.
Below are my compilation of ways to earn more and then invest it back into your influence tokens:
EXTERNAL FUNDING
This only applies to anyone who has extra Dollars laying dormant in local bank accounts, they could put it into good use by buying some Steem and power it all up instead of leaving it in Banks which in the end yields little returns.
GET DELEGATED POWER
One of the old/recent brilliant moves offered by some individuals and Minnowbooster. By my reckoning, it used to be an exclusive process before on i-need-to-know-basis, now it is a public service on steemit at an affordable rate for everyone. This helps boost both your Author rewards and your Curation rewards simultaneously without defects. Of course you have to not yeild to the urge of Abusive Self Votes!
ENTER MULTIPLE CONTEST
There about a hundred and one contests on Steemit weekly and daily. While some feels it is less important to partake in some of this contest, some take it seriously. A host of this contest are very lucrative; that is, if you happen to win some of this huge reward you would have enough to spend and more than enough to invest bacm into Steem!
PRODUCE QUALITY AND EDUCATIVE POSTS ON YOUR BLOG CONSISTENTLY
Undoubtedly, this is a huge task for many to be honest, people have different interests in posts which makes the word "Quality" a tricky word. What some considered as useless, others consider interesting and nobody could predict what steemians want in a post at any moments.
So the major task is producing multiple quality contents day in day out without ceasing and you get rewarded handsomely on some days and little under on some other days. It is daunting because you might spend days on some articles and earn so little from it and might be discouraged to invest it back, but do not be despair- Steem on!
With this few suggestions, i hoped newbies and minnows invest more often the rate they cash out, it is for the benefits of the indivduals ready to give this a try in the long run!
UPVOTE, RESTEEM, FOLLOW AND MAYBE DROP A COMMENT.....It's your friendly Neighbor and the Newest Godfather and Uncle @oluwoleolaide for Steem-Lagos-Nigeria-Africa-World!
Badge courtesy of @jodi.pamungka
I have no money to invest - but leasing delegated steem has been a winner for me. I'm paying around $30 STEEM a month for the delegations I have and my bigger vote is a winner everywhere. I recommend this to any minnow. As soon as you have enough sbd to do it - boost your sp over 500 for 4 weeks so you get the slider. Then you will make enough to keep doing it. No more $0.01 votes and you will get much bigger curation rewards.
What a great input dear @fitinfun
I have a slider and i am still gonna copy your style to get more Steem
It has been mot definitely worth it to me. Check out the recent posts from @abh12345. Very good curation information!
Thank you very much for this post, @oluwoleolaide. I like the African proverb
Anyone who wants to be successful in life needs to learn how to be disciplined. I have observed that Instead of many Nigerians to build their SP, they are busy cashing SBD out and powering down 1 steem/7 steem. Oh very sad! In the independence giveaway I did, my intention was to reward 3 newbies who are holding at least 150 SP in their account with delegated steem power (DSP). That I did to encourage and it gives me joy when I see what they do with their DSP.
Wow, i guess we always share the same thought. I was going through some of our newbies and i noticed only a few had over 200SP...i was like, whats happening to this guys-Are they interested in Growth at all?
So i want to try organise another contest on @steem-lagos and see how we could prompt them all to at least keep some of their earning by buying back Steems and Powering up.
The most interesting part of it all is Gramma's adage that a penny saved is a penny earned has some real truth. The pennies from posting culminate into dollars and SP.
I'm really praying that Steemit continues to grow; and STEEM gains momentum and traction.
Peace
Amen!
Steem to the moon!
✌
This post has received a 1.56 % upvote from @drotto thanks to: @banjo.
Wow great idea for the development of steemit and the process of power up. Thanks for sharing, waiting for your new mission, wish you good luck and ask you to come to me again my dear uncle....joking. Happy steeming friend.
This is really great word of advice .....will keep them in my pocket and use them each day.....Thank you
Good i decided to search out nigerians on steemit. The information and knowlegde i don gather so far its top notch.
Bro, keep up the good work alot of people are benefiting from it and is my prayer that God reward you and other nigerian on steemit doing the good work of helping other.