Will You Ever Make Money on Steemit?

in #steem7 years ago

Many people come on to Steemit with a dream, that dream differs from one user to the other. I began with the goal of creating a following and making a side income. Some join wanting to make tens of thousands of dollars every month and be famous.

The actual question is, will you ever achieve your goal? Is it too late to join and get big? Is it worth my time? These are the questions that run through my mind every day and possibly yours too.

Will You Make Money Eventually?

We all manage to create posts every day and strive to comment and upvote, but when is enough? When will it finally make me money? Like all social media, steemit is the same they all take time; nothing happens overnight.

We all want Steemit to become a side income eventually, or even do it full time. From the past three weeks of posting, I have been able to get one or two posts to make more money than I spent on them.

I have accumulated a total of 300+ fans now; it is a difficult task to earn money within the first month. Everyone needs to understand that, just because your first 100 posts don't go viral does not mean it's impossible.

Making Money on Other Platforms is More Difficult

You can sit in front of your computer and write blogs on WordPress, and hope that people will read your posts. The reality is even after six months of writing every day; you might start making some money to cover your daily coffee.

When you post a blog on other platforms, you have to take into consideration your Google ranking and SEO. On Steemit we have the luxury of just posting and people will see the post, rather than paying for Google ad words and web developing to make the website suitable.

I remember having to pay every month to an SEO firm that promised to get Google first page ranking and paying for Google words; it would cost me over $500 every month for their service. At the end it was not worth the money, I would invest way more money than I would make!

Here on Steemit, we have a huge community that is supportive of one another, and this enables authors to make money even in the first post, even if it's a few cents.

Does Having More Followers Equal More Money?

I have seen may minnows grinding and posting daily, but they won't make serious money. Even users with 1000 followers are not making serious money that can sustain them, it becomes frustrating and dream shattering.

I have come to realize the key to making money is not in quantity and having 50,000 fans, but it is in the quality of those fans. You are better off with a few hundred fans who all upvote and esteem your post than thousands who don't bother reading your articles.

The issue is, almost never will all your fans upvote all of your posts every time. The trick to Steemit is in numbers unless you figure out a way to connect with your fans on a very personal level where they trust you and enjoy your posts.

The key is to create a following that follows you and not just the posts, there will be good days and bad days for posting and your supporters need to be there by your side through the rough times too. Youtubers create vlogging channels to create that connection with their fans; I remember I would watch Youtbers videos because of them and not the videos or the content because I ended up becoming a fan.

How Many Followers Do You Need?

It 's hard to calculate how many members you need to make a passive income, but the essential factor is those fans need to interact and upvote every post.

The authors I see who make a steady income from posting have 5000 or more follers and those who have 10,000 followers make at least $70 per post.

An easy way to estimate how long it would take you to make a passive income is to calculate the rate you gain followers. For example, I gain 100 followers every week, if it stays at the same pace I would have 5200 followers in one year. In general, once you have 1000 followers the rate you gain followers begins to increase and get faster and faster.

If I divide 10,000 followers by 100 I will get an answer of 100 weeks, 100 weeks divided by 52 weeks equals 1.9 years. That is a pretty slow rate, so this is a worst-case scenario to gaining followers. Some authors gain 300-400 followers a week, so it becomes a snowball effect.

What You and I should do

Our only choice is to keep posting good quality content every day and try different methods to gain more followers. You should try Facebook ads like Jerry Banfield has done, although he already has over 2 million followers, so it was an advantage. Although posting everyday good content is just not going to cut it, that has become cliche now! We need to create a community together that supports one another that can grow and become recognized for its hard work and be compensated for that hard work too!

Join my Telegram!

I have created a Telegram group for all my followers! In the group we will cover crypto trading and share news on crypto, I will be advising you on starting up your own business and help all of you get started! You can private message me and talk about future post ideas as well. We can together create a community that supports one another to ensure growth!

The Link: https://t.me/joinchat/AAAAAEFQ38trNc4kfuNQbQ

Join now its free, and we can all grow together!

If you enjoyed this post, please upvote and fan me and join the Telegram group!


Actually I enjoy steemit.
Don't get me wrong the crypto boom gravitates me to steemit.
Yes I want to earn SP and steem.
The vision is there.
One thing I know, I enjoy writing.
Keep on steemit.

Writing has become a great gateway for me to express my feeling, especially in my future posts I plan to do regarding depression. Writing is a forgotten therapy by many! I was planning on blogging before I found out what a Bitcoin even was, then I found out about Steemit and it blew my mind away.

I don't think that Steemit should be seen just as a money platform. The most important thing is to enjoy your time here and have fun and all the rest will follow. Yes it does required a lot of time but as mention if you do something with passion all the rest will follow.
Great post by the way!

That's an excellent point made, money motivation will take a person only so far. Once the money stops everything drops, many YouTubers post videos and won't make any money because of the sponsors pulling out ads and they continue to make videos because they love what they do. Steemit is still in its baby stages, and making money was the biggest pulling force to getting new users onto the platform, as we grow hopefuly that will change and money wont be an issue.

Excellent point as well. As i mention me at least i am here because i enjoy the platform first of all. In December i am thinking to donate the value of my account to a noble cause.. even for some kids without parents and buy some great presents ( toys and some clothes), even for some old retired person forgaten by their families... maybe for both! Like this i can involved my little daughter as well so she can learn the value of sharing and helping people in need!

Unbelievable! It really gives a bigger purpose to this platform, to actually benefit others in a tangible manner and make a change in their lives changes the narrow perspective we sometimes end up with. I wish the community is more accepting for charity fundraising, maybe have a #Charity tags, some get angry over it ahah because of scammers. It would be amazing to do a Steemit wide charity event where everyone can donate on their own initiative to a charity of their own choice and whales can upvote those who make a post about their donation.

Yes it will be great but as you mention there are a lot of scammers as well. I will do as i told you and i will make a post as well with photos as a proof. I have a good job working on cruise ships so i am not after the money here! But going back to the topic of your blog... congratulatios it is a great blog! Keep up the good work and Steem On!

Thank you very much! It's a perfect setting for you, I hope your account brings many benefits to people and the community. You will be the first to do it, maybe it can become an inspiration to other to follow as well :).

I really hope so! As mention i will post a blog with photos most probably in December around Christmas time! Have a great day!😉

Inspired to post more quality content for myself. For my blog.
Ofcourse for money. (Who doesnt want them)
build my network and the money will follow. 💯

Hahah, money is a great motivation to have and at the same time loving what you do keep you steadfast at it and you enjoy it :). Thank you! Join the telegram group if you want to learn to start a business and share crypto news and steemit ideas.

Many new people don't realise that they have to actually invest money in the platform if they want to speed up the process .

It's pretty much impossible to end up being a whale from investing no money at all, investing money into the platform grows the community and strengthens the account. When you put money into something, it shows you care rather than hopping onto a trend and getting off when things don't go as planned.

Plus, it increases the value of the coin. ;)

Exactly and our upvotes become worth more as the value increases so more money is pumped into the system.

@distress2success got you a $6.28 @minnowbooster upgoat, nice!
@distress2success got you a $6.28 @minnowbooster upgoat, nice! (Image: pixabay.com)

Want a boost? Click here to read more!

That is an impressive goat!

Hahah yea I sent 4 SBD for that goat, the limit is higher now :D

Please how do you get yourself a goat for Comments?

Go to your wallet and click you SBD and transfer 1SBD to @Minnowbooster and in the memo paste the link to your blog and send it. They will upvote you and give you a goat! :D

Good heavens - it almost less complicated to purchase an actual goat!!

Aahaha! Buying a real goals is super easy too, go to an auction and buy one for $20 cahs and take it home hahah!

I want to get a goat for my comment . how do i know the link to my comment

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@distress2success : thank you sharing
Let Me Follow You and Resteem this post. thanks

Thank you very much! If your interested join the telegram group too! :D

Thank you so much for sharing all this information! that's great! All the best! Waiting for more posts! :)

Thank you! If you would like to join the Telegram group and get to interact and give feed back :D.

Great encouragement...

Yeahh i love this post !! is really informative and it explain it all, everyone pass trough this

Thank you! Join the telegram group if you would like to create a little community where we can share ideas! :D

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