RE: Steemit Part Time Results First 30 Days
Very interesting analysis.
I enjoy posting on steem and I have wondered about the potential financial return possibilities.
I have been lucky to get a couple of my posts 'Curie'd' with $100 payouts. They have skewed my earnings. Generally I am currently getting on average a couple of dollars per post.
If I could spend the time and write say 4 posts a day that might earn $10 a day with some curation $ as well.
Four posts would need at least 4 hours to write, so an earning rate of $2.50 an hour is not so attractive in the UK.
The opportunity cost is the big issue. If one treats steemit as an income generator you have to ask the question - could I earn more per hour doing some other (any other) job? At this level, the answer would be yes!
So it is lucky that I don't do steem for the money. But maybe one day 😊
I know what you mean! In Seattle Minimum wage is $15/hour so 2.50 is Far from enjoyable lol.
I think one of the things to consider with the time investment is compounding effort. If you are working for $2.50 an hour now, but build a following that includes a few whales, and in say six months of constantly putting good content out there on a daily basis, you build up enough of a reputation to be earning $100-$200 per post, or $800/day at $200/hour was making $2.50 per hour in the beginning worth it?
There is also the question of where the time you are spending on Steem came from. for me, the vast majority of the time I am spending on the platform was time I was using on Facebook or Twitter anyway, so my real value of that time was $0.00, so $2.50 per hour is certainly an increase from that rate of return.
Plus, what if reading and curating leads you to be one of the ICO investors in the next BitCoin, the sort of thing you will never get on Facebook.
I'm opting to look at this whole experience as an investment toward future growth. Some investments pay off, others do not. We'll see where on that spectrum Steem lands.