Is it really that simple to make money by blogging on steemit ?

According to their website, they have distributed a little over $40 Million dollars! So someone’s making money.

You can really make money blogging on the Steemit platform.

The verdict is:

Yes, you can.

But it takes two things.

An initial investment – While creating an account and blogging is free, if you want your posts to have any kind of reach you’re going to need Steem Power. In which case, you’d have to buy Steem then ‘power up’ to Steem Power.

Hard work and consistency – Like any business, making money on Steemit takes persistence and a time commitment. It’s not as simple as signing up and getting paid to put in minimal effort.

Note:- Also note that, while the payouts are still very real, there are a lot of hoops you have to jump through in order to actually exchange your Steem Dollars or Steem Power for U.S Dollars
And the way the incentives are structured, it’s in your best interest to keep your money in the platform, which does create a risk if it doesn’t end up succeeding.

Go On, Tell Us What You Think!
Does Steemit business model seem sustainable? Come on! Tell us what you think about our article on how Steemit makes money in the comments section.