Yo! Was too out-of-steem last night after the 100degrees session at WORQ so I left the post hanging and crashed… man I'm getting old.
Aaaanway, great turn out last night. It's the first time we sold out on the first 100 tickets, and even with the rain and jam combo, the event was a full house. Kudos to all who came! #respect
The link to download the slides in PDF is somewhere down there, near the bottom to upvote this post (ahem).
A bold promise? But yeah, those who are on Steemit for at least 7 days will know that the money is real.
We are all creating contents for the social media giants, helping them drive traffic to it, bringing our friends to it, spending all out time on it… and we're not even getting paid. Sure, some likes here and there can make a person "high", but seriously, it's just a feel good factor. There're no direct money to be made. (indrectly, maybe you got some branding brownie points)
After a while, we all feel kinda stupid, no?
So, some of us may decide to turn to blogs, because it's content we can possibly monetize from. Get ads, sponsors, and maybe even subscriptions.
And the statistics are supportive too!
- 440 million blog in the world on Squarespace, Tumblr and Wordpress alone
- 76.3 million blog posts a month on Wordpress
- 22.3 billion page views per month on Wordpress
- Huffpost makes about $14M/month
- Engadget makes about $5.5M/month
- Mashable makes about $2M/month
So the numbers are convincing, the demand is there, so you are super passionate to start your blog. Which you did. Some of you may still be at it, but truth it, most of the will stop blogging at a while because...
You don't see the money. Sure, there are traction and all, but truth is, if the blog is not self-sustaining, it's gonna be hard to continue!
Enter the solution: STEEMIT.COM
And here are three of my personal reasons why I think Steemit is awesome.
- Even though it's in beta, it's easy to use. Its interface and functions are something we're familiar with.
- You know how your friend told you about Bitcoin like years ago and you may have said "nah, that bogus money", and wishes you got a couple now? While some may consider it to be too late to enter BTC, but Steemit is just 18 months old, and you will be one of the early adopters in the game.
- And I've successfully withdrawn my payouts into my Maybank account, and even treated myself to a nice Japanese meal, to verify that it is real money.
So how Steemit pays out? As the creator of the content, it could be writing, photos, videos or podcast, you will get 75% of the payout. As the curators of the content, when you like and/or comment of the content (yours and others), you get to share from a pool of 25%.
Let's break it down to make it simpler. Say you got $10 for your post.
- $2.50 goes to the curators. If 5 people upvoted you, they will all share this $2.50.
- $3.75 goes to your wallet as Steem Dollars. I'll explain in the next slide what you can do with it.
- $3.75 goes to boost up your account, in the form of Steem Power. I will explain that in the next slide too.
Most terminologies like Upvote, Reputation are easy to understand.
- Steem Power - Everytime you upvote, it generates a Steem value, which is about the same as USD, as 1 Steem Dollar is usually tied to USD1. The higher your Steem Power, the more you and the person you voted on can make. Someone with a 1000SP can generate about $0.06 from an Upvote, but someone with a 100,000,000SP can generate over $30!
- Steem Dollar - The currency you'll be using within the Steemit ecosystem. Remember the $3.75 in the example above, you get to spend them, even withdraw them. @bitrocker2020 has a detailed guide on how to get it done.
- Steem Coin - Kinda like Bitcoin, which you can keep, let it appreciate over time, or even trade with other exchanges that accept Steem Coins, like Blocktrade.
- Wallet - Same as your physical version, just that this is digital. Show me your physical wallet if you need me to explain more. :)
On an additional note, for the Steem Power, I mentioned that when you upvote on any contents, you'll be able to generate some $$$, right? Here's the catch, everytime you upvote, your vote amount would reduce by 2%. What this means is you will have about 40 upvotes before you run dry.
But, if you wait for 24 hours, it will go up by 20%.
Why is this crucial? So you don't simply upvote shitty contents!
At this point, you'll be asking, where the money comes from.
Think of any successful online games of late. Because the only one I can make any sense of is World of Warcraft (My last game was Starcraft). So imagine this, in the game, you got a super sword. A sword so super, and so rare, that there are only 10 of it in the entire game! Now, outside the game, this digital super sword has zero real value, but let's face it, it's not real (as it only exist in the game).
But let's say a friend comes along, saw your super sword, knows how valuable it is, and offer you $10,000 for it. Suddenly, shit got real. Your digital super sword just ogt valued at $10,000.
So Steemcoins are the same. Because of exchanges like Blocktrades, your Steemcoins can be traded for real cash. Sure, you need to convert them to Bitcoins or Ethereum for now, before you can withdraw them to your local currency of choise, but hey, it is real money!
Lastly, I like to believe that Steemit is fair because of a few things:
- Limited Upvotes means you will only upvote good contents and not spend your votes on shitty ones.
- A Public Ledger means you can see all the transactions that happen in anyone's accounts. Every single claim and transfer, you can see it. That also makes you careful on who you "deal" with.
- WIN-WIN-WIN because you earn Steem for your participation and contribution, whether it's a content creation, upvote or comment. You spend time on the platform and interact with it, you will earn money. Simple.
- Public Reputation - behave like a dick, suffer
- 7-Day Payout - Any content you create will be able to earn you Steem, but only within the first 7 days. After that, no matter how many Upvotes or Comments you get, it's not gonna generate you any new Steem any more. This means that you are encouraged to post new content all the time, if you want to continue making money. You can't put a post up 2 years ago, and let it collect Steem.
So that's what we essentially covered during the 100degrees event. If you'd like to here us "present" in real life and make new friends, head over to www.steemitup.club and join our newsletter.
Oh yeah, and BIG Thanks for WORQ for sponsoring the venue!
Wait, why's Mav posting on Steemit nowadays?
Well, unlike other blogging and social media platform, Steemit is the only platform that allows me to earn cryptocurrency when I engage with it. Yup, one Steem is about USD1, and you, too, can earn Steem Dollars every time you:
- Create content (articles, blog posts, podcasts, videos, photos)
- Upvote (like) other people contents
- Comment on other people's posts
- Have discussions, share opinions etc!
Yup, basically it's the very same thing you're doing on Facebook, Twitter, Instagram etc all along!
The only difference? For once you can earn a nice income on the side!