New thinking on generating higher income resp. Steempower (SP) on Steemit !

in steem •  last year





New thinking on generating higher income on Steemit !

Just make up your minds for some minutes...

maybe it really chances your Steemit-Life !

First of I want to make clear, that as far as I got it, Steemit is mainly a platform to publish good content and to vote for good content- the nice sideeffect is getting money for this !

The most important thing beside high quality content is having oder being ready for building high Steempower - the more Steempower you have, the higher your influence on the platform is.

The first important thing to understand is, that your reward depends on many factors !

you can check out this or to sum it up & cut it short:

Your Reward = Steempower * VotingPower * Timefactor * Votingplace (how many voters before you)* your share of the Rewardpool (which depends on the number of users and their and your voting- and steempower)

Even if you don't understand that in great detail right now read on and think about this:

There many ways of earning (resp. gaining money & Steempower) on Steemit - the most popular are writing and curating (voting).

You can publish up to 4 post daily on your blog (100 % reward, after 4th it is declininig) or vote on posts of others.

Easy maths: From your own post you will receive 75 % of the reward (50% of it in SBD and 50% of it in SP) - from curation you will receive 25 % (100 % in SP).

If you comment on a post rewards are the same as if you publish one post - without the declining reward !

So one of the most underestimated income streams on Steemit might be comments !

For sure I don't want to encourage you to comment in spammy way - but high quality comments can bring same or even higher rewards than posts - and think of the visibility of comments on posts with high already high public !

And another thing:

With every Vote you make, your Votingpower declines 2%.
But with 10 votes it does not decline 20%.
First vote 100-2%=98 %, next vote 98% is the new 100% -2% and so on...
So in fact your voting power is declining slightly slower than it would be with full 2% of the first 100 % - you got it ?
If you look at the graph of how votingpower declines there is no big difference in making 10 votes at high power or 100 votes at lower power...

voting power.png
graph source

It's like you will have slightly the same reward in total if you do 10 votes starting at 100 % per vote or if you do 120 votes starting at 100 % ! Due to the fact that doing some more votes 120 votes might even bring you a little higher reward in total.

The lower your Steempower is, the less you should not spread your votes on too many posts but you have to bear in mind one thing: Your curation-reward not just depends on your votingpower but also on the votingpower of the ones who voted with you !

Èxample: You vote on a post with high reward where a lot of people with high Steempower also vote on - your vote will slightly be lost somehow and you can be happy coming out with 0.001 SP reward !

Until now nobody could answer my question what happens to reward lower than 0.001 - are the totally lost and vanish or are thy accumulated and paid out when reahcing that 0.001 because of display reason only 4 digits x.xxx are displayed in wallet as well as on blockchain.

Anyway:

Just one step more !

I want to do an experiment.
I want to encourage you to comment on this post, upvote your comment and every other comment you will find here !
I guess this would be the best thing you can do with your voting power right now especially when you have low Steempower !
But still keep on voting on content that you like as well ! Don't forget what Steemit is really about !

If any longtimer feels like my idea is against Steemit Policy please also reply on post and don't flag me - I read all replies and interact with my commenters and followers ;)


Kind regards

affe.jpg
@honolulu


*** Resteem ! + Follow.png + Upvote ! ***


Thanks !

;-)

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Upvoted

Regularly commenting, in other words being dedicated to community building or as Seth Godin would say building your tribe, is the way to go.

Always has been on the Internet, always will be. Unless you are a guru with an already existing following (or mailer) it will continue to be the way forward.

This is a marathon.

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Yes, guess you are right. Beside quality content it is very important to be "dedicated to community building or building your tribe".

And this will reward you in many dimensions: not just monetary ;)

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It is, and it does. Check out @enazwahsdarb, if you don't already follow him, he's an awesome tribe builder.

You bet he's not just earning financially but his tribe would be a strong group at any related event.

This post received a 42% upvote from @morwhale team thanks to @honolulu! For more information, click here! . this is @originalworks . steem @steemprice BTC

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The @OriginalWorks bot has determined this post by @honolulu to be original material and upvoted it!

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To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!

For more information, Click Here! || Click here to participate in the @OriginalWorks writing contest!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!

@eileenbeach has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond. To be Resteemed to 4k+ followers and upvoted heavier send 0.25SBD to @minnowpond with your posts url as the memo

I am extremely grateful for this information. I've been uploading a lot. Because I like it all. I'm not a spammer.. I only like spam wrapped in seaweed on top of rice.
I'm going to re-steem it! Thanks for sharing 🙏🎃🙏

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Thank you - Let's find out how much really read it and what comes out of it ;)

Ok, I'm voting this and commenting too. Let see the effects of my contribution here.

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As I said... it is a test ;) we will find out how it works ;)

I've voted and read the entire bit of this post. I try to comment on things that can bring the person back to my own blogs as well.

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yes, that's a fine idea too... but I guess it is not welcome on posts if you advertise your own posts too much... but if it is in topic and you can refer on your own blog it is a good thing I guess ;)

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I hear what you are saying but I guess I think of things in the old building of links type of way. I do try to make informed comments on other people's posts as much as possible.

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What you mean by "I think of things in the old building of links type of way" ?

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I should have said in regards to building links like the old SEO strategies before Google destroyed the internet.

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Sorry, don't know too much about that stuff ;)

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That's fine, that's all old web technology anyway.

Thanks @honolulu !! By upvoting this notification, you can help other Steemit users !

@cmtzco has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond. To be Resteemed to 4k+ followers and upvoted heavier send 0.25SBD to @minnowpond with your posts url as the memo

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by honolulu from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

great post with Awesome information ! Upped !👍👍👍

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Thanks ! you are free to resteem ;)

Great Post!
Upvoted and REsteemed!!
Thanks!

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Thank you !

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Resteemed to over 4700 followers and 100% upvoted. Thank you for using my service!
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Your post has been resteemed to 1561 followers

As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!

I have upvoted sir

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Thanks for this ;)

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