RE: The Results of an Experiment on the Paid Promotion of Steem on Instagram
I follow your Steem ENG account on Instagram and really admire the work you do there. However, if I may offer my perspective... Steemit is a sophisticated platform. I would not be able to realize its depth if I didn't explore it beyond Instagram. It requires understanding and dedication, not just a quest for easy money. When I've suggested blogging on Steemit to others, some were hesitant and one even left midway. There are countless reasons, but let's focus on the effectiveness of the campaign. Leading by example, as Denmark suggested, could have a profound impact. Sharing your earnings and profile could be compelling.
Despite being a blogging platform, the advertising campaign could benefit from a slightly different strategy. For instance, I use Instagram for its reels, even if they seem senseless at times. Yet, these reels manage to capture my attention span...
P.S: I hope you get well real soon!
Everything you say is pure truth. Steemit is quite difficult for beginners. It is best when a new user is brought by a friend who already knows the platform well.
I will tell you even more, none of my friends, even very educated ones, dared to try Steemit.
Yes, I also noticed that the most important component of Instagram is reels. I am not very good at creating interesting videos, this is a very difficult task for me.
Four days of fever of 39 degrees. I really hope it goes away soon.
I was not trying to undermine your work at all. That's just my opinion and I can be wrong.
Let's just find a way how to lure in people with good intent and blogging skills :)
However, I may have a small concern...
When I first joined Steemit, I was eager to learn how everything worked and tried hard to understand the dynamics of monetary rewards. One thing that stuck with me, if I may reproduce it roughly, is:
"The circulating cryptocurrency supply is fixed. Therefore, if the number of users increases, the rewards will be distributed more thinly."
If you ask me, I'd say we need to put more effort into retaining our existing quality users while also seeking out new talent. From my understanding, the retention rate for good and authentic users seems low. And again I may be wrong!
This is a very difficult question. The absolute majority agrees with you and I have been told about it more than once. I thought about it. If we become an isolated bunch of authors, even very good authors, who are constantly earning and selling STEEM, the value of the token will steadily decrease. Eventually, the few remaining investors will sell their shares and ultimately collapse the value of the token. In order for this not to happen, the Steem project must be successful, more people must join it, it must become more diverse. Success will surely attract the attention of investors who will want to buy STEEM. Then the price of the token will increase and even though the authors will earn less tokens, in dollar terms they will earn more.
But that's just my opinion.
Totally agreed!
Rather I am happy that you pointed it out.
It's true that the pursuit of new talent is equally important. However, there's always ambiguity regarding their status until they are tested over time. (I include myself in this - you can consider me new.)
My point is about retaining the good authors. Good in terms of:
That's why I am a big supporter of your ventures of advertising Steemit, including the Instagram promotion.
Keep it up!