I keep hearing how people are mainly motivated to participate on Steemit for the monetary rewards.
The problem is, Steemit is a terrible way to make money!
Right now my account stands at $5,170.63 "Estimated Account Value"/
That might seem awesome or lame depending on your current value. I am here to tell you that is very, very bad.
This account value includes the thousands of dollars of Bitcoin, Litecoin, Etherium and Bitcoin Cash I converted to SBD. So really that figure should have a minus sign in front of it.
OK, that is not Steemit's fault - it was my stupid mistake to go all-in on Steemit.
But in 9 months I have very little to show.
OK Smart Arse, What is the Alternative?
This is a screenshot from just one of the companies I work with as an affiliate.
You will notice the figure is a lot higher.
OK, you might think, but so-and-so has made $$$ from Steemit!
The difference is, I wrote those articles once and will continue to earn. With Steemit you get paid once so have to keep writing.
These cheques keep coming even though the article I wrote (that no longer ranks in Google) was from 2007.
But I see people making $200 per post!
You sure do see great per-post valuations, but remember
- the author doesn't get all of that, they get something like 1/3 or thereabouts.
- those cheques above can go right into the bank. Your liquid SBD/Steem would need to be sold to convert to fiat.
- powering down takes a while and reduces your ... power
- if you are not a wale then those $200 posts are coming from buying votes. When I don't buy votes the best I can get is around $1.50
Calculate if you are happy with your rewards converted into an hourly rate
That article I wrote in 2007 has made me between $100 and $200 per month ever since. Usually, even the strongest of my articles take me under 8 hours.
Do the math.
Now calculate how much time you have put into Steemit and how much you have been paid. Especially if you came on board in the last 12 months and are not particularly attractive to get the thirsty votes ;)
Depressing isn't it?
I am not here to depress you. Quite the opposite.
If you haven't guessed already, I am proposing you try using your Steemit blog for double duty.
Nothing in the rules suggests you can not use affiliate links in your Steemit posts.
Perhaps you can get paid once from your Steemit rewards and forever from your affiliate links? Steemit right now (until Google notices) gets good rankings ....