How Steem Works in Simple Words
Is it too late to start Steeming?
Right now is the Best time to start posting on Steemit
People are signing up on steemit at record rates
That means it will get more competitive with time
So Start proactively using Steemit if you really want to succeed
I have tested the waters for you in these 3 Days.
- It is absolutely possible for you to organically Grow Following at a rate of 50-100Followers per week.
- That's at least 200 a month
- At this rate you grow 1200 followers in 1 year, not considering that it will get more competitive over time.
- On the bright side the more followers you have the faster you will grow your following.
- Depending on quality of your Content 600-1000 Followers are currently enough for you to make $100-$200 Daily
- That's a whopping $3000-$6000 a Month.
- You keep that money in your Steem Power. In future the value of steem power will increase so now your $6000 is worth $30.000 without you doing Anything.
- If you don't completely understand basics of Steemit Here is my post on that:
https://steemit.com/steemit/@adil/how-steemit-works-in-simple-words-case-solved
Steem's Monthly Visitors. 2.7 million in April - 5.9 Million May. Steemit Doubled their traffic in 1 Month. Also 6 Minute average visit duration is a strong factor of growth.
My statistics so far
Who Pays People On Steemit? Do You have to Pay Anything?
Short answer: Steem.
Longer answer:
- You Do Not Pay for Anything out of Your Pocket.
- When you Upvote you don't Pay Anything. Ever
- Steem pays people who get Upvotes.
How Steemit decide how much to pay for an upvote?
Steemit firstly considers Upvoter's Steem Power.
- Upvoter's Steem Power is determined by how much money
Upvoter has in his/her own Steem Power Account.
That means if you have 0 Steem Power, your upvotes will be worth = $0
If you want to take this train of opportunity called Steem
If you want to Crush it here, and become rich while giving value to the world
If so, you must Understand How Steem Works.
How do Steem currencies work and where to keep my money, when I make it?
Read carefully thru this Part and you will Understand how Exactly steem currency works.
I will keep the answer as short as humanly possible and to the point.
Let's Look into a wallet: 
Using @JerryBanfield's Wallet for an example hope he doesn't mind.
Steem
Steem Power
Steem Dollar
How it works?
You only can turn Steem into real money
You can turn Steem power, within 13 payments throughout 3 months of time into Steem(that you can later turn into cash)
When you want to cash steem you transfer Steem into Bitcoin and transfer Bitcoin into real money.
🅲🆁🅸🆃🅸🅲🅰🅻 🅿🅾🅸🅽🆃 Steem Power Grows in value as Steem Coin value Grows on the Market.
More Steem Power you have More power you will have Within the Steemit community. Your Upvote will earn other people more money than a newbie's Upvote depending on how much Power you have.
Jerry's Upvote will be worth around $2, newbies upvote = $0-$0.01.
It's a lot more valueable for you if Jerry follows you which means potential Upvotes from him in future($0.5-$5 per 1 Upvote) than if a newbie follows you and brings potential $0-0.01 Upvotes since he does not have Power yet.
So where the heck should You keep your steem moneyz?
Answer: Steem Power. Why? Because Steem Power will grow as Steems Market Cap goes up. If you have $20 in Steem power today, 1 year from now that 20 will be worth $100-$200 (depending on how fast Steemit value will go up)
Just take a look at what the most successful Steemians are doing.
Jerry keeps his moneyz in steem power
@trafalgar keeps his money on Steem Power.
I can give you a ton more examples but that's not the point.
Conclusion. Don't overthink it. Focus on making as much Steem Power as possible and hold it until steemit value skyrockets, and you are rich.
Now you Understand Steemit. Please Upvote if you Found this Valuable!
This is really inspiring post. I am looking forward to follow your advices to keep Steempower. Thank you @adil