making it on Steemit, four cents at a time
Welcome to the 12th weekly installment of my series on Steemit income and growth!
Income on Steemit is generated by "investment" (the more Steem you have, the more you earn) and by "work" (earning Steem by contributing content that adds value). Already having invested my savings in Steem, I'm now "working" by uploading unique valuable content to the blockchain. My goal is to increase my average weekly income to 15 Steem.
Calculating weekly income
Considering income from all accounts that I own, and that my wife owns, and accounts started as group projects with my funds (currently @drutter, @medikatie, @greatesteem, @hempy, @girlsofgreen, and @sativazeee), here's the running tally:
Week 01 - 0840 (+ ? ) Steem (+?%)
Week 02 - 0848 (+ 8 ) Steem (+0.95%)
Week 03 - 0862 (+14) Steem (+1.65%)
Week 04 - 0868 (+ 6 ) Steem (+0.70%)
Week 05 - 0876 (+ 8 ) Steem (+0.92%)
Week 06 - 0888 (+12) Steem (+1.37%)
Week 07 - 0914 (+26) Steem (+2.93%)
Week 08 - 0929 (+15) Steem (+1.64%)
Week 09 - 0936 (+ 7 ) Steem (+0.75%)
Week 10 - 0953 (+17) Steem (+1.82%)
Week 11 - 0960 (+ 7 ) Steem (+0.73%)
Week 12 - 0966 (+ 6 ) Steem (+0.63%)
Average weekly income (last 10 weeks): +11.8 Steem (+1.31%)
Another baseline week, in fact the worst week since I started recording data! This brings the 10 week moving average to just over 1.3% growth. At current rate, we would hit our "Steemit rich" goal in about 3 months. At least we're not losing too much ground, but we're working hard, so it would be nice to see more progress. Next week looks like it will be marginally better than this week was, but the average is likely to drop again.
One factor is obviously the crashing price of Steem and all cryptos right now. It's down another 15% today, after days (and months) of losses. The overall outlook is still great, but the next few months might be rough. Of course, it's still an excellent time to be grinding and racking up lots of Steem while it's cheap. It's just not a good time for anyone who wants to "cash out" to USD etc.
Thank you again to everybody who participates in my projects, and in the blockchain in general!
I'm going to make it, here! If you want to make it here too, I hope that you do :)
It'll happen! Keep up the great work everybody.
Upvoted and resteemed.
I’m going to get you a share of steem basic income. I think it takes s few days to process, but after that you’ll get upvotes for life!
Whooooohoooo thank you! Made my night lol
With this cheap steem it’s a great time to use it for that!
Go here https://steemit.com/@a-a-a to get your post resteemed to over 72,000 followers.
Yeah,.... I started last June. I just keep posting away. Have invested zero dollars in Steem but have accumulated about $7,000 USD
Wow, that's amazing growth! Where do you get the inspiration for all the content it must take to generate that many upvotes? I started only half a year later than you... do you think the 6 month head start accounts for some of your success?
Do you have any posts on your strategy I could check out? Thanks :)
I post my original art work, original photography, original digital Art. I was lucky to get a few huge Whale upvotes when I started ($50-$80) and powered up everything. I have also used @booster and @smartsteem for some extra upvotes which did well when Steem was at $8 .... I was exchanging my SBD for Steem when SBD was at $14 and made an extra 100% on those trades and powered everything up.