This is Part 3 of a sexy three part series where I talk about an advanced ROI theory on using bots. Why the booty image?...keep reading, there is a very good reason for that.
Links to the other parts of the guide:
- Part 1: How To Use @RandoWhale, @Booster, WhaleShares
- Part 2: Return on Investment (ROI) with actual numbers , not speculation: @RandoWhale, @Booster, WhaleShares
If you read the other 2 guides, you know how to buy an upvote from the 3 bots and you also know that you lose money in terms of direct monetary return in 2 of the 3 bots. Well, are there any indirect monetary returns?
Tip Jar Effect
To understand the in-drect monetary return, let's first discuss what the tip jar effect is. I am not making up this term, the tip jar effect is a well known thing. If you have ever worked in an industry where you get tipped, you probably already understand. There are 2 main components to the tip jar effect.Sight
Getting a bot upvote is like putting a dollar in your tip jar to start the day. It looks like you already have some upvotes and dollars, which may lead to more curators viewing your post and upvoting.
Herd Mentality
If you're having drinks with 2 friends at a bar and both of them put a $1 tip in the jar, what will you do? Most likely, you don't want to be perceived as the odd ball or a cheapo so you will feel obligated to also leave a tip. This doesn't always happen, but it happens more than you think.
Steemit is no different. If a post has a lot of upvotes, it will end up on the "Hot" or "Trending" section, which will result in more views and upvotes. The post may even end up getting resteemed, which will potentially cause it to get even more views and upvotes.
Loss Leader
If you still don't follow what I'm saying, think about a store that you shop in. Stores will sometimes put something on a really great sale to get you in the door. The store may be losing money on that sale item, but they are hoping once you come to the store you will also buy other items, which makes money for the store. That sale item is what is known as a loss leader. https://en.wikipedia.org/wiki/Loss_leaderYou spending money (and losing money) on a bot vote, may entice curators to want to click and read your post. How does it entice curators? Because it looks as if you already have upvotes/dollars so your post might be worth reading.
Still want more proof that this is a real thing?
Go click on some of the "Trending" posts...what do you see? Are all the posts quality or do some look fake to you? At the risk of getting down-voted by some whales, I'll give you some examples of some that maybe look artificial:- Do you see any posts by a real restate company in the trending feeds that consistently gets over 100 votes and over $1000? There is no fucking content there! 99% of the comments say "great post". How many of you have upvoted it without even reading it because you think others will upvote and maybe I'll make some curating rewards? I have been guilty of this until one day I realized that it's a stupid of me to upvote without reading the post.
- Have you seen whales post a picture of their hotel room or just a wall and get over a 100 upvotes and hundreds of dollars? A minnow won't get those upvotes or dollars.
- Have you ever run into authors that create just okay posts and get over $200 every single post even though they don't have the followers to justify that? I don't want to mention names but it starts with @Dom and ends with Maraju. Part of it is because of friends auto-upvoting this person right around the 20 minute mark. Before 20 minutes, the posts get 2 upvotes and 50 cents, at the 20 minute mark it shoots to 20 upvotes and $200 in a matter of seconds. Because of those artificial or friend upvotes, it now shows up on the "Hot" feeds and others upvote because of the tip jar effect.
- If one of the Kardashians shows up on Steemit, how many of you think she won't instantly have the top 3 follower count? Is it because a Kardashian would write amazing blog posts? Probably not, it's because you want to see butt pics.
I'm not hating on the playa or the game!
Do you, playas...I'll watch, learn, and then post about it. And I do understand post quality is very subjective. What you like, I may think is a crap post. Either way, I'm just pointing out that the tip jar effect is a real phenomenon.
Conclusion
If you read part 2 of the guide, I showed you that the bots will not provide a direct monetary return on investment with 2 of 3 bots. The bots can, however, give you an indirect monetary return on investment by putting the tip jar/loss leader effect in play. Using the bots can make your tip jar (blog post) now looks like it has money in it and people can see others adding money to the tip jar. It's marketing 101, your choice on how or if you use it.If you do want to use the tip jar effect, don't use it on day 6 after you publish your post!
That would be like a bartender adding money to an empty tip jar 5 minutes before closing. It's not going to help you and you will lose money. If you want to get the full tip jar effect, use it early....in the first 5-15 minutes of posting.Are the bots worth it to you in the end? If you're a whale with over 2k followers, then probably not because you'll get a ton of views anyway. If you're a minnow or dolphin, then it might be worth it to you.
I don't have 2k followers or a big Kardashian booty, so I have been using the bots on just about every post. I know they are a loss leader (except randowhale past few days). But, I'm hoping it will result in more views, upvotes, and followers. One last booty pic, send SBDs to the bot army and hope the tip jar action begins...
If you missed part 1 and 2 of the guide, please see the links below: