Steemit Tips for Financial Success

Steemit Tips for Success

Welcome to Steemit! I joined Steemit this year and my journey has been filled with many small, but important discoveries. I would like to share several specific things I feel you need to understand about Steemit, which will definite help you earn money on Steemit.

Part 1: Enthusiasm, Engagement and Rewards (Money).

I started my journey at Steemit with plenty of enthusiasm. I have learned that some people join Steemit and then quit in a few months because they aren’t making any money. I think that Steemit isn’t a get rich quick vehicle and those thousand dollar posts you see on the trending page are not the norm. Steemit is about engagement and building relationships. You can build a large following of ghost followers easy enough, but you never hear from them and they usually don’t ever upvote your posts. It’s far better to have a smaller group of followers who look at your posts, give you meaningful feedback and hopefully upvote your posts. I think this is much better then having lots of silent or “ghost” followers. This engagement will result in rewards. And depending on how much money your individual followers have invested in Steem and Steem Power those rewards could be substantial. But I also think it’s important to make some money in the platform, so in addition to my advice about engagement I also have a few tips to give you some steady earnings and maximize your rewards.

Part 2: Essentials

Minimum reward level payout.

There is a minimum amount of either author or curation reward that a post or comment must earn for you to get paid. I didn’t know this when I started and wondered why my smallest rewards didn’t show up in my wallet after seven days. If your rewards earned are less then 0.020 you don’t get paid. Those rewards are called “dust”. That’s frustrating because that reward of 0.019 might be your first author reward, but it doesn’t get paid to you. Sadly all you need is 0.001 more to get paid.
Fortunately there is a solution called “dustsweeper” and I explain it below.

Update: The 15 minute rule
After an author submits a post a timer starts and authors who vote before the post is 15 minutes old get zero reward, while curators can vote before the 15 minute mark, I believe the maximum curation reward can be obtained by voting between 10-15 minutes after a post is published.

Comment Rewards
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You get paid a reward when someone upvotes you. In proportion to their voting power. But did you know you can upvote replies and pay the people who support you with upvotes? IMany don’t know this and they miss out on a way to both give and get rewards. Sometimes if you read the comments below a post you may see six replies between the author and a follower or supporter. Each of those replies can have a reward and as long as it’s above the “dust” threshold of 0.02, they get paid.

Resteem Posts.

You can “resteem” someone’s post, which means to send it electronically to the feed of everyone following you. This means it will also be listed on your blog. This is a way of showing the post to more people.
This has two effects: (1) It potentially increases the rewards for the author and (2) It can potentially increase the curation reward for you. It’s a win-win situation where both of you potentially benefit.

Part 3. Three Quick Ways to make some money.

Get paid for dust!
The first thing you have to do when you first start as an individual or a community is stop losing dust rewards. When you write a post you get author rewards and when you comment on a post you get curation rewards. When you first start these rewards are divided into two different reward pools and they will be small. The most important thing to realize is if either of those pools total rewards are less then 0.02 dollars, you don’t get paid. Steemit rules call all rewards for a post or comment which total less then 0.02 “dust rewards”. You don’t get paid these “dust rewards” they just disappear. This means that new members write posts, earn some rewards, but get paid nothing. BUT There is a Solution!!

You get rid of dust rewards with a program called “dust sweeper”. “Dust sweeper” is a bot; A bot is an automatic computer program which performs a function or carries out a transaction. If you pay the “Dustsweeper” fee, the “dust sweeper” ”bot” checks each of your post author rewards, your curation rewards and your comment rewards on day # 6 and if any are less then 0.02 and it upvotes them enough to get paid. This eliminates the “dust rewards”. So now you get paid a little for each post you write or comment you make. And l think these small payments mean a lot when your new.

How does it work?
You pay 1 SBD and the bot uses your money to upvote your posts at the dust reward level until it’s almost gone, then it messages you in your wallet to pay some more.
You might be thinking your just getting your own money back, but that’s not the whole story. The upvote is added onto the existing upvote rewards which are less then 0.02. So you get your money plus the upvotes. Which is a net gain every time.
Follow this link to sign up✍️https://steemit.com/community/@palikari123/dust-sweeper-turn-dust-votes-into-profit

Steemit Basic Income

The second thing I suggest you do is give the gift called “Steemit Basic Income”. You give this gift by paying a fee and buying one “share” of this program and the program makes sure that one or more posts per week get upvoted a certain amount. The amount of the upvote depends on how many posts you write. The great thing about this program is that when you buy a “share” for someone else you automatically get a “share” also. You can also give two “shares” instead of getting a “share” yourself. This is a good way for community members to bond to each other or for leaders and founding members to make sure new members get paid.
Follow this link to sign up✍️https://steemit.com/basicincome/@steembasicincome/steem-basic-income-a-complete-overview

Buy upvotes and Upvote “bots”.
You can pay other people in Steemit to upvote your post. All of us have ten 100% voting power votes a day, which is ten maximum reward votes. If you accumulate enough Steem to Power up your Steem Power to about 100, your upvotes are worth money. Some people give their votes freely, other sell their votes. These people advertise on their Steemit profile that they sell votes and it is their choice. They usually make it profitable for you to buy their upvotes by selling you a 0.04 STU upvote for 0.02 SBD or Steem. Some sell a 1.0 SBD upvote for 0.5 Steem. Remember, there are thieves on Steemit, who take your money and give nothing in return. I suggest you deal with vote sellers who have a high reputation score and that you ask people who use vote sellers who they are using, so you know they are honest. Caution is important.
The second way to pay for upvotes is by using “bots”. A bot is an automatic computer program which performs a function or carries out a transaction. There are “bots” referred to as upvoting “bots” which you pay for and they upvote your post by a certain amount. This is similar to paying a person, but it has important differences, which can make you lose money or not profit from the “bot”, so read the instructions and rules carefully.

Steemvoter
There is a website called “Steemvoter” which lists all the bots and the “bidding process” by which you pay to make money. It also tells you if the bot is profitable. This can be very profitable, but if you don’t read the instructions or if you don’t read the payout amount on “Steemvoter” you may not make money or even lose money. Remember it’s hard to get refunds from “bots”. It’s not impossible, but hard. I suggest you deal with people who sell votes who have a high reputation score.

I have previously written articles on these topics, but as I get more experience in the Steemit platform I learn new things, which I think are useful and so I rewrite what I wrote before and present it differently. I have tried to list all my previous articles below and the specific sources of information for special information. Please feel free to make suggestions for tips you think I should have included, so I can include it in the next revision. Currently my next articles will cover topics like plagiarism and security.

References

1. Dust sweeper Explained: https://steemit.com/community/@palikari123/dust-sweeper-turn-dust-votes-into-profit

2. Dust sweeper FAQ: https://steemit.com/dustsweeper/@dustsweeper/dustsweeper-faq

3. Dust sweeper update: https://steemit.com/community/@danielsaori/dustsweeper-update-send-gifts-to-users

4. Steem Basic Income: https://steemit.com/basicincome/@steembasicincome/steem-basic-income-a-complete-overview

5. Steem Basic Income Interview with user/ supporter and Steem witness: https://steemit.com/steembasicincome/@steembasicincome/steem-basic-income-interview-with-f3nix

6. Steem Blue Paper

7. https://steemit.com/steemit/@shortsegments/steemit-newbie-important-information-part-1-four-quick-tips

8. https://steemit.com/steem/@shortsegments/steemit-newbie-important-information-part-2-three-quick-ways-for-newbies-to-make-money

9. https://steemit.com/steem/@shortsegments/steemit-newbie-part-3-security

10. https://steemit.com/steem/@shortsegments/steemit-for-newbies-part-4-downvotes-flags-plagerism-rules-steemcleaners-and-cheetah-bot

11. https://steemit.com/kr-exchange/@shortsegments/steemit-for-newbies-part-5-the-cheetah-bot-my-short-summary

12. Pictures Source Pixelbay Royalty Free pictures

@shortsegments