Can This Be The Real Reason of User Retention On Steemit?
Most people don't want to invest just to earn money. Mixing investing and work is not for everyone. If you read on internet, “you can earn 10 000 dollars every month but you have to pay us 500 000 first”, what would you say? May be something very indecent…
When you are selling 2 different products or services in the same indivisible package, tying the sale of two products it is called "tie in sales" or "tie in arrangements". This is not even always legal in mainstream business. As Ftc.gov writes:
“Offering products together as part of a package can benefit consumers (…) can also reduce the manufacturer's costs for packaging, shipping, and promoting the products.”
But then:
“For competitive purposes, a monopolist may use forced buying, or "tie-in" sales, to gain sales in other markets (…) If the seller offering the tied products has sufficient market power in the "tying" product, these arrangements can violate the antitrust laws.”
As I wrote yesterday, from the 1 million Steemit accounts, there are only 22 000 active authors, and the number is falling continuously last months. I think many people are leaving because they realize, to be successful here, they have to create good content AND invest. But better first invest.
There are many people with blogging inspirations, other people with crypto-investing courage. (In recent times, may be less and less are willing to invest.) How many, do you think, are in the intersection of this two sets of people? Investing is not for all of us.
Some people shouldn't risk thousands of dollars in cryptocurrencies, not even if it is Steem. (Not even in Bitcoins.) But without investing they have no chance to earn. Mostly graphomaniacs stay, or people having an other website, blog outside of Steemit, like on WordPress etc.
I 'll stay because I'm graphomaniac and like risks. But I wouldn't recommend Steemit to most people, not to my friends. Not now. May be if Steem market capitalization falls to 17 million USD again, or if you can earn decent amount of steem without investing, too.
I think one of the issues is that creating good content also gets you no rewards. Sure some good content gets rewarded but I don't think its the norm. Steemit is more of a game then it is a site that rewards good content. Those who invested early are the winners. It will be hard to succeed in the Steemit community ( in its current atmosphere ) if you don't first invest a bunch of money. Which defeats the purpose of why most join.
If you are already semi famous or a popular Youtuber then you will do alright but for the average Joe or Jane it will be a giant uphill battle.
I agree - sometimes good content gets recognised but its a bit of a grind on here often for minimal rewards. I enjoy creating the content and engaging with fellow Steemians while earning few extra dollars, but I cant see myself earning to much $$ on here!
Yeah I wish I came here in 2016 - those are the whales of today and even now it is becoming more competitive - imagine how hard it will be to earn Steem in another 2 years time!
The most I earned on Steemit was by posting articles on here that outside sources paid me for creating.
I enjoy the content / game creating as well and am not thinking about what I earn in todays value but the potential of that value in the future. If this site manages to moon into the top 5 social media sites then 1 steem will be worth much more then it is currently and I see the potential for that happening. I also see the potential for this just being a niche site as well. Its a coin flip ...
Thats the attitude its not the value today but the potential value in the future we should be focussed on - although difficult at the moment with the current dip in price.
YEah time will tell mate, in the mean time we keep on Steeming!