Hello friends today i am going to share with you guys the business concept behind the Steemit platform . Steemit is a decentralized platform that rewards content creators. It also makes it easy for businesses to get started and monetize their content. This is why steemit believes in a more democratic online world. So if you are looking for an online platform that can help you grow your business, then Steemit is the right choice.

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What your business will be about

Steemit platform is a social media platform where users can post articles and create communities around the topics they are interested in. The platform offers a rewards system for those who contribute content, as well as an advertising system that allows businesses to pay to have their content posted on the site.

What makes your business different and stand out

There are not many other social media platform that pays its users for the content they create. Additionally, the platform offers a wide range of tools and features that make it easier for businesses to reach its target audience. This platform is able to attract a large audience because here one could get informative content as well as finanical support.

It there a market need for your business

Yes, there is a market need for this type of business as it offers an alternative to other social media platforms. Additionally, the platform can be used to cure the curse of unemployment and poverty .

What/who is your target market

Target market for the Steemit platform is very diverse. All types of people, from all background, and all ages can be the potential users of this platform. Only if the audience is computer litterate and have proficiency over the typing.

From where will you operate your business?

As Steemit is a decentralized platform , the business can be operated from any part of the world. The only requirement is that the business should have a website that can be accessed by Steemit users.

How do you think you can make money out of your business?

Steemit business could make money through the concept of Proof of Brain(PoB) concept. This concept rewards content creators for their valuable contributions to the platform. Additionally, businesses could also make money through Sponsoring Posts and Ads on Steemit.

Who are your competitors and if any what can you do to better it.

I could not find any competitors for the Steemit platform as it is a decentralized platform. However, if I had to find any potential competitors, I would look into platforms such as Medium and Reddit. These platforms have a similar concept to Steemit, in that they are also decentralized platforms that reward content creators. However, Medium has a larger user base and Reddit is more popular for posting links rather than content.

What is your goal?

Goal of steemit platform is to create a sustainable and valuable online community for content creators. Additionally, the platform wants to make it easy for businesses to get started and monetize their content. By doing this, steemit hopes to create a more democratic online world.