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RE: 10 Ways to Fund a Steem Growth Project!

in #steemit7 years ago (edited)

How would you improve the user retention which is currently at 12% @jerrybanfield? It's easy to talk about growth. But when retention fails, everything else doesn't actually matter.


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  1. Fix the most basic bugs and errors that have been unfixed for over a year (e.g. not even informing users that there is a 1 account per IP address restriction - which itself is a dumb restriction).
  2. improve post discovery features to increase exposure of good posts and not rely only on the 'good heart' of whale curators who cannot possibly keep track of all the new posts even if they want to.
  3. Use the massive wealth accreted through the value of Steem to hire many more developers to make 1,2 and many other points a reality.
  4. Stop living in fear that 1,2 and 3 won't make any difference because... EOS.
  5. Actually make a SOCIAL NETWORK, rather than a proof of concept for subjective valuation of posts with some social features involved.
  6. Hire a professional team that can dramatically improve user engagement by engaging on a large scale instead of 6 blog posts spread over 6 months.
  7. Hire a support team that actually helps users solve their problems.. Like, every successful company ever.. pretty much.

Shall I continue?

I’d love to talk with you ura. If you speak directly with minnows, which I will always remain unless the leeching off STEEM is turned into true and intelligent efforts to rapidly evolve it as a positively utilitarian chain.

I’m Willing to do something absolutely real and powerful here, but it’s gonna take conversations with stakeholders and witnesses first.

EOS is a blank slate that’s gonna have at least sick functionality, and the head start we have will mean nothing much, when there are MAD PEOPLE who want to jump Ship from FB, and 88% of our ACTIVE users are pursuing money instead of a Great Blockchain Community.

A solved social netWORK, could be over 50,000 active users in a week.

Thanks, Alx#3690 [atm I do 90% of my steem work in discord, where none of the discussions are vote worthy, and are therefore far far purer]

Greetings! I speak with everyone who has something intelligent to say.
I think the massive funding of EOS (to the point that they themselves don't even know what to spend the money on) shows that they can easily create amazing apps and handle them in a way that has not been done before.
What specifically do you want to talk about here?
I will say that while having a social network can be fun, what many people NEED is actual help in life or access to resources - they are desperate in many cases, so doing something to address that is paramount. Frustratingly, part of why so many are desperate is the massive wealth inequality on the planet which has at it's roots absolute and total fraud/theft. Therefore, any system which mimics the prevailing system in the outer world will inevitably also bring with it the same and similar problems. Being able to distil all of this into a social platform is part of what makes this experiment so appealing and special - we just need a concerted effort to recognise all of this collectively and work together in harmony for the benefit of all. This may be easier said than done, but it can be done.

I appreciate both your original comment, but especially this one.

There seems to be a big disconnect with the haves, and have-nots both in the real world, and on here. Plankton/Minnows upset they earn so little while watching huge payouts on other posts, not totally understanding why the payouts are so large. Then there are the people who have a large accounts who have been here for a months or from the beginning who have worked hard, (or not) who sometimes believe that the tiny accounts are greedy to be so concerned with payouts.

the underlying issue and attraction to steemit, what is drawing such a huge number of new accounts, imo, is exactly what you mention here. People with little are desperate to earn more money. It's not that they are greedy. It's that they cannot pay their rent. They cannot afford their medicines. They want to be able to, gasp, got to one movie a month. They have family they are supporting. They cannot find work. they are already working 40-100 hour weeks and barely making ends meet. Yet these small accounts also don't understand that many the big accounts ARE specifically looking and trying to help the tiny accounts by curating them. But there are soooooooo many accounts, 10s of thousands of accounts, that if they are all posting just once or twice a week, let alone 1-2 times a day, is just totally unsustainable for such a small number of big accounts.

its a reflection of the wealth inequality mirror. That is a reason the tiny accounts don't stick around. well, at least one of the reasons. IMO.

Absolutely, yes - well said. If we imagine this nework were a physical location with many people wandering around.. The ones with significant wealth would be almost impossible to locate by chance as there are so few of them. This is just as the offline world is currently. There needs to be some kind of improved way for giving a boost up to everyone who is not in the fortunate position to have the larger wallets. I know from experience, that as long as there are some people with good upvote power and vision who support others, then those others can creatively do what they need to do to then help everyone.. But this requires a shift in consciousness on multiple levels to truly be an evolution and successful across the board. This is part of why I focus so intently on evolving consciousness so that Earth can enjoy balance.

There are tons of freelance jobs of various sorts that could be created, if we got larger scale projects going on, and maybe managed to see some more appropriate specialization of labor and brains.

Especially the true poor, omg, what we could do with our money if we let people truly and biologically bid for all the work that it would take to build a revolutionary community.

If we’re jusy making money, what are we.

Nada

The issues are multi-dimensional. Health must be addressed first, spiritually, emotionally and biologically. The 'help' given in these areas is backwards most of the time and is causing parts of the problems to get far worse than they need be. The problem then becomes one of getting the right information to the right people, in the right way that they can be empowered enough to support themselves. That's what I have been learning to do for years - we will get there.

Without true health we cannot work much and are likely then to be forced only to work for the people who have the most money who usually only ask us to do things that benefit them and people like them. A healing process will include groups forming to help each other on all levels - which is something that happens quickly on social networks when they aren't being censored as we have been forced to put up with for the last few years.

Health is not my specialty but I’m very interested in paying much more attention to it, on like every level.

I keep thinking for moments that the “community” isn’t one in any sense.

That it’s a totally wild mix of different communities, some of whom I have essentially zero Interest in from my own perspective, except as people.

Some are here just for money, simply because they’re in dire need, and that I get and can even fully imagine working with.

I’d rather hire a human from a poor village who somehow can communicate with the whole world, if they can do The job, and the job is meaningful.

Some just don’t want to work at all, are highly biased in favor of themselves, and want to be paid for almost nothing. Not interested, and not really part of any meaningful community.

Some want to build utilities and earn, and I’m fine with that, even delegations to them of some type, but I think Misterdelegation should “itself” be made up of a community team, and subject to the referendum of funds with sufficient population support.

I don’t like bots as they stand and would rather pure investors bought Steem and could just take their fair share on the free market. Straight up. No more wasted time and intellect moving it through “votes”. Just be what you are.

Shit, my kids got here and I’m afraid to forget to post any of this comment. More to come lol

I like how you think. you got my vote { :

I replied but must not have sent it, and can’t find where I did so. I might have closed the window. It doesn’t give you a warning like many sites. I’ll get back to here later or tomorrow. Would like to talk. Have a lot that I think is often seen as intelligent by curious folks who know they don’t. And networking/conversation seems to be the best way.

Good one!
Only 6 and 7 could make a huge difference.

thanks! in my experience, all of these issues have a part to play in frustrating and annoying new (and old) users and ultimately devalue the platform and cause low retention levels. People want a way to get paid transparently and fairly, but if they encounter arcane, hidden rules and what appears to be a power hierarchy that doesn't really care about them in anything but a vague, robotic way - they will leave.
FB attempts to work around the total lack of empathy in their organisation by literally hiring people to have that empathy and then advise them.. Since, though, they still lack the heart, their result is typically just to attempt to control as much as possible and gloss over the problems in true psychopathic corporation style. People are wary of this and so real warmth and human connection is what is needed now.

I like your comment, thank you very much

I am very glad you are talking about this because I believe your voice is likely to be heard. I know others have talked about this in the past, but I don't see this being taken as seriously as I would like it to be.

This is the only real negative I see on this platform. Any other problems are rather trivial, but like you say, this could get someone hurt.

Thank you for talking about it and I hope this conversation gets some traction.

We need something that’s actually FUN and INSPIRING and HOPEFUL/OPTIMISTIC, besides that “you can get paid”.

We need some BIG ideas that actually could lead to a community uniting and growing,

Not a few developers who want to clone other things.

People come and 88% of them have NO FUN.

Of the 12%, maybe 30% have fun.

Most of the VALUE is the “community” which is stunted for quality because of the pursuit of “cash”.

We need better live conversations between the brightest people here, out of the box but appropriate for being on the chain

So true. But we should be hopeful, in theory, because @ned said that a new community feature will be added in 2018. Should help, right?

These things take time. Zoom out to see the massive gains.

That graph is probably worse. It is taking all active accounts as "used once"? That doesn't really sound active to me.

That's true. In this graph "active" are those who made at least one post, comment or upvote.

Also interesting in that context the forecast from Steem 'data enthusiast' @paulag:

If the number of new accounts remains consistent for 2018, so at about 150K per month, within 7 months we will have 1m new users. With a retention rate of lets say 10%, within 12 months we would see a total active user base of 250K people.

From my point of view, instead of thinking about more growth ideas, we should rather work on strategies to keep people on the platform.

Hm, That's really interesting. I definitely didn't realize it was that low (or that new signups were that high). Really makes you wonder at the root cause of why people are leaving?

My short active time on Steemit hasn't really given me a large amount of information to use that would lead me to stop. Perhaps it's just a case of people seeing how well their first posts do ( a few cents ), and then quitting?

Inactive means they've never used the account for unknown reasons. They probably opened the site, but never started to vote, comment or post.

Here's another more detailed insight in that context you might be interested in:
https://steemit.com/utopian-io/@miniature-tiger/user-numbers-and-user-retention-analysis-the-story-of-2017

Interesting, I'll go through it. thanks!

I'll have to agree with that! I believe steemit is not for anyone unlike Facebook. There are a lot who flock here, making groups letting people know that they got to earn money. But once they are in steemit already and learned that it takes a lot of hard work to earn here, unfortunately many leave. I think more than anything, whales need to fund educational materials for newbies. Language barrier, is one of the pitfalls. Correct use of grammar is next. We need to go back to what steemit is all about-blogging. So we need to help people learn how to post good contents. Likewise, I hope whales will randomly select minnows to upvote not only to incentivize, but to give moral support.

You touch an important point, even though I don't think education is a whales's task only. We're all in charge. Still only few are able to change interface designs :-)

I'd love to see something like a virtual training entrance hall where educational tutorials are provided BEFORE someone actually enters the platform. Have you read the welcome page when signing up to Steemit? https://steemit.com/welcome I wonder how many do this or just skip the side because it's endless static boring black and white text.

I'd love to see something more modern and interactive instead that matches with the 21st century. I believe that an improved onboarding process could prevent many problems, including abuse and also expectation management.

Like what you said it's boring so no, I didn't get to read. Fortunately, I like to do self study, so I made my way. Not that much though, but still in progress. And yes, I hope someone will come up with your idea. I was hoping that too. Maybe an assessment tool for newbie trying to give an overview of what steemit is all about. I guess, retention and quality of content is the main problem. And if we keep on inviting people just for the sake of reward pool, soon we will be swimming in around, nowhere to go. The people in Facebook, Instagram and Twitter, even Pinterest knows what they are there for. The question is, are all in steemit knows what we are here for?

Very insightful and I will be following you as a result.

Hey, this is so true, and what you say below about "keep the people in the platform" is critical. I'm doing a project about teaching people how to use steemit. I'm Venezuelan and this really help us in so many ways; but the thing is: If I know how to... Why not to teach? Is not just a "promo-steem" like the others... They just tell you: Hey join steemit. And that's it. The people who tell me about steemit and to join just forgot about me and I learn and I like it, but what about all the other people ? All the others venezuelans working every day 8h for 1$ a month?
And I want to say again that I'm your fan @surfermarly haha sorry for not commenting your post or read you on a while, promise to be back on steemit full time soon <3

Thanks for your lovely compliment, te lo agradezco mucho! Tengo varios amigos venezolanos que también son surferos, así que cada vez que me contacta alguien desde Venezuela me alegra de especial manera :-)

I'm doing a project about teaching people how to use steemit.

Awesome! I just found it in your blog :-)
I did newbie coachings a couple of months ago, trying to help people in getting started. I offered having a look at people's blog giving them some tips on how to improve them. But obviously that requires a lot of time and unfortunately my day still hasn't 48 hours :-)

It'd be great to have some 'tutorials on demand' instead, organized all together at a central place where new users could train themselves - something like a virtual Steem training hall.

I agree @surfermarley !👍👍👍

We actually don't need to spend additional time and money in getting more people on board (they're coming without any advertisement campaign since almost 2 years). We only need to keep those who're coming :-) Obviously that's easier said than done.

I'd start with the entrance hall: https://steemit.com/welcome offering video tutorials on demand instead of 5 pages text, where everybody could train themselves in whatever discipline required to become more engaged - and in the end more successful - with Steem.

Chatrooms are flooded with the same basic questions repeated over and over again: What's the difference between Steem and SBD? What is MVEST? How are rewards distributed? Which copyright laws do I have to respect? What is a downvote?

Why not record some fancy video tutorials and bundle them all at one place - e.g. the welcome page?

Now your talking !! I totally agree !!👍👍👍😊

According to the graph you have shown and our weekly stats by @penguinpablo at https://steemit.com/steemit/@penguinpablo/weekly-steem-stats-report-monday-february-19-2018 we have more than half of users at 433,889 accounts active each week which is very good! If many websites shared the amount of active users versus the total accounts, the data would look a lot worse. While a few might look better like Facebook, we are likely to increase user retention more as Steem grows with applications and smart media tokens!

The total number looks nice but doesn't say much about the effective retention :-)
FB has a retention of 70%, Instagram 40%, Twitter 23%. Steemit has gone down to 12% now, even though many new apps have been implemented lately.

All eyes are on SMTs though, the solution to all our problems...:-)

SMT’s are just tools for making things, and require the ideas and people to take advantage. VICE and BOB’s were mentioned by sndbox recently, as highlights, and VICE is a terrible thing to have associated for a blockchain looking for popular adoption, and I’m not even sure either one is even using SMT’s at all.

WE could do a great SMT using the underlying strength of STEEM, but if it’s just small scale developers looking to make more money from the chain/us, idk.

Some of my smarter friends seem to be thinking of taking a sabbatical and working out their ideas for building on a chain that’s not yet got the “reputation” we have.

Steem is 1000% higher quality as a thing, than the best WE have created with it.

I have no reinvested yet, and actually divested almost all all my SBDS, because I do not see the evidence yet that my kids would appreciate me becoming a “to the mooner”, absent critical and honest analysis.

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