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RE: All About Bid Bots And Front Running
Hi, @scottcbusiness. Is it really necessary for someone like me to resort on bid bots in order for me to make more than $1 on each post I make? I'm asking you this because not even with the amount of followers that I have, I can make as much! Cheers!!
Well see boosting a post also gets it a lot more views so assuming your post is quality you should end up with a positive ROI. The more you are willing to invest into each post generally the more you can make.
Thank you for replying! I see. So, the next question would be: Is there a way for me to bid less than $1, or does it have to be higher? By the way, what's ROI?
Rate Of Investment, so like if you bid 5$ and get an upvote of 9$ you'll get a decent ROI. There are many bid bots underneath the main ones there where you can make much smaller bids yes. You won't get much it's like if you bid 0.50 you may get a 1-1.50$ upvote. Keep in mind the payout is split up into several parts for curation and author then into sbd, steem, power.
I see. I understand that I won't be making much out of $0.50, but at least that's some boost. Thank you for the clarification!
Yeah, got to start somewhere! It will at least get you some more awareness too
:)
The goal here is if you were going to use bid bots you'd want to invest a certain amount of steem and continue using that same amount and growing it larger to continue promoting and earning more given your content is quality enough to do well with some awareness boost.
Thank you. Yes, that will definitely help me get more awareness. I appreciate the heads up!