average weekly growth slows to +1.2%
Welcome to the 15th weekly installment of my series on Steemit income and growth!
Income on Steemit is generated by "investment" (the more Steem you have, the more you earn) and by "work" (earning Steem by contributing content that adds value). Already having invested my savings in Steem, I'm now "working" by uploading unique valuable content to the blockchain. My goal is to increase my average weekly income to 15 Steem.
Calculating weekly income
Considering income from all accounts that I own, and that my wife owns, and accounts started as group projects with my funds (currently @drutter, @medikatie, @greatesteem, @hempy, @girlsofgreen, and @sativazeee), here's the running tally:
Week 01 - 0840 (+ ? ) Steem (+?%)
Week 02 - 0848 (+ 8 ) Steem (+0.95%)
Week 03 - 0862 (+14) Steem (+1.65%)
Week 04 - 0868 (+ 6 ) Steem (+0.70%)
Week 05 - 0876 (+ 8 ) Steem (+0.92%)
Week 06 - 0888 (+12) Steem (+1.37%)
Week 07 - 0914 (+26) Steem (+2.93%)
Week 08 - 0929 (+15) Steem (+1.64%)
Week 09 - 0936 (+ 7 ) Steem (+0.75%)
Week 10 - 0953 (+17) Steem (+1.82%)
Week 11 - 0960 (+ 7 ) Steem (+0.73%)
Week 12 - 0966 (+ 6 ) Steem (+0.63%)
Week 13 - 0973 (+ 7 ) Steem (+0.72%)
Week 14 - 0980 (+ 7 ) Steem (+0.72%)
Week 15 - 0987 (+ 7 ) Steem (+0.71%)
Average weekly income (last 10 weeks): +11.1 Steem (+1.20%)
Sorry for posting this late, but Sunday was Cannabis Day. The data is still correct. Another sluggish week of baseline growth brought the average down to 1.2%. At that rate (which is going to take some effort to maintain) it's now going to take 20 weeks to reach our goal.
If growth stays at the anemic 0.7% weekly rate, it's going to take 2 years.
It's beginning to feel like a LOT of time, effort, and sacrifice, not to mention financial investment up front, just to work our way up to a new camera to replace the one we're wearing out. And that's the best-case scenario? :(
And let's not forget, it's taking 2 talented people working part time hours to make this happen. And several other models are contributing 15 or 20 minutes a week to the Girls of Green content. About 50 "person hours" go weekly into generating the growth we're seeing.
At current rates, that works out to 22 cents an hour.
Nevertheless, we are contributing to something we believe in, having our voices heard, getting our ideas out there, and choosing what hours we work and what hours we don't.
Perhaps things will improve when the crypto market recovers? I think that will be in about a year.
Have a great week!
DRutter