Hey everyone,
If you're looking for a funny meme, this isn't the post for you.
Anyway, last night I was thinking "How can I become a whale on steemit using the skills I've honed for the last 10 years?" and I thought that if I can generate sign ups and content creation of others, it would work much better for me.
We all want to be like 
I know some of those accounts/people I mentioned above are bots, but they're still whales :D
I'm in a few pretty amazing skype groups that are invite only and it's full of very well known Online Marketers, so if I were to just post in there saying "Hey, steemit now has an affiliate system!" I'm sure at least half would sign up and generate traffic lol :D
Anyways, to the affiliate system.
There could be two ways this can be done, and each has their own pros and cons.
The First Way:
Getting paid to generate sign ups. Each person gets a $10 deposit of steem into their account when signing up. So let's say we help generate a sign up, we should get a commission for that person registering to become a member of the steemit community. But how much should we make? I don't think an equal share of $10 would be ok, it would have to be $5 or less.
The Pros of this:
- We can help generate sign ups and get paid $5 or so per sign up.
- We can focus our skills on getting sign ups and not posting content and curating where we aren't as strong.
- No up front investment from steemit since this is an affiliate program.
- Help increase awareness of Steemit through our websites promoting out affiliate links.
The Cons of this: - People can create bots and their sole purpose is to create accounts on steemit for a commission.
- There might be too many people wanting to do this and not know fully how to execute a plan of action to obtain sign ups.
Solutions: - There would definitely have to be a system in place to restrict signups if they are behind a proxy. You won't be able to get everyone, and even if you do, there will be genuine people getting blocked.
- Affiliates don't get paid until the user who signed up shows they are a contributing member and start a few conversations or contribute to posts.
The Second Way:
After we get a sign up, we get paid a percentage of their earnings. We don't take money from the user, we get paid in steem by steemit.com directly into our profiles. A lifetime, or recurring, commission structure would be best for this. The commission wouldn't be 100% or even 50%, I think 10% to 20% would be a better price for recurring commissions.
The Pros of this:
- There's less risk of bot created accounts since we wouldn't be getting paid for sign ups.
- The user would have to contribute to the community before we would even think about getting a commission.
- The payouts wouldn't be a hefty burden on steemit since not all users will become whales. It would be nice though :D
- The system can be completely automated on the backend and a users post doesn't have to be monitored like a hawk for fake upvotes.
The Cons of this: - You won't get as many people wanting to become an affiliate to drive sign ups.
- The commissions will not be very high at the beginning unless you get writers that are amazing... which is pretty rare.
- Affiliates will drop off at the beginning because they won't be making $1,000s a day.
Solutions: - Find affiliates that already know what they're doing, like myself and a few others that are considered "Super Affiliates". The lifetime/recurring commission structure will ensure they stay around and build up their profile.
- Make everything automated and streamline. If an affiliate doesn't have to ask questions they will be happier to push traffic to your platform.
So what do you guys think?
Is there a steemit rep out there that can comment on this?
Thanks,
Cryptommy
#steemit #steemitcommunity #affiliate #whales #steem #money #steem-help