You are viewing a single comment's thread from:
RE: Introducing #SharkSchool - How To Take Over The Trending Page By Being A Bloodthirsty Savage
I'm still worried about this promoting with bid bots, I just looked at your history with this post, I added what you spent on bid bots and it comes out to about 330 SBD about $660.00 at the current exchange and right now you have $561.00, taking away the curation you will receive a payout of $420.00, now you have to make over $200.00 just to break even.
You are actually spending your own money to promote your posts, I really don't think that promoting with bid bots is profitable, only if they manage to get you a following of people who will upvote every post you make from now on, and they have to be people with a nice amount of Steem Power.
It is profitable. Your math is wrong. Will go over this later.
Well it is wrong in the fact that I don't include the $210.00 that will be sent to SP, but being you invested $664.00 and have by now invested even more (32 SBD), you would still be short of some money to break even, and that's not taking into account that you do have real votes in that money the post has made, so I stick to my idea that bid bots are not going to make you money, OK you might gain a following, but you actually say bid bots make you a profit and that is not so.
Business 101, it is like a sale. And you may lose money but may draw in even more people when you trend or if it is a store where you draw in even more to come to the store and some will come back again and again in the future to share and to maybe upvote future posts and the long-term potential may be worth the investment, the temporary losses for future potential gains.
Sure, but most people here don't have the money to spend $700.00 on advertising and anyway that is a hit or miss idea. I think it would be more reasonable and more profitable to just buy $700.00 worth of Steem, and start upvoting people, you will probably get more followers this way and maybe make a killing if the price of Steem spirals upward, , and people tend to upvote articles of people who have given them a good vote. And remember $700.00 is something you have to spend on every post you make before you get any traction which could result in a lot of money.
Agreed, it can be too expensive to buy ads on Steemit or other places too. And it is generally a bad habit for a bunch of fundamental reasons. There can be better ways of marketing but it may take more time and work.