Like many games, I've decided Steemit needs to have some sort of Time Clock to tally how many hours you've wasted invested on Steemit.
After all, the allure of Steemit for most is making money.
And like any good investment, there is a time cost associated with it.
Many were drawn here by ads like the one above, or by the likes of hype men (and confirmed serial killer) Jerry Banfield.
..But is it Worth it?
From a monetary perspective, I would say unequivocally no.
If you're here expecting to pay your rent or quit your job, I think you're going to be really disappointed.
I've been looking at the wallets and payouts of those that manage to stay engaged here on Steemit for over a year, and of course the results vary widely, but outside of a couple of whales, many are making between $10 and $50 bucks per post.
Of course it took between 12 and 18 months to get there, making .05 - $5 dollars in the meantime.
I see a lot of peoples strategy appears to include a shotgun posting approach.
Consisting of shooting a crap ton of random low value posts every day to build up experience.. but even doing that sure does eat up a lot of time! (ಥ﹏ಥ)
Not to mention the time spent sucking off your peers, aka "trying to make friends".
It takes me on average about 2 hours to write a post. I know for many of you it's less, but no matter how much time you're sinking into the site.. if your goal is to make money, is it really the best use of your time?
Let's do some math.
First we'll need some assumptions:
- 30 minutes a day to post content.
- 30 minutes a day reading other peoples content
- 30 minutes a day spent checking to see if anyone has read/ liked your post and fantasizing about $10 Steem.
90 minutes X 7 days a week = 10.5 hours
Or 546 hrs over your first 12 months to build up enough experience to make more than by what is by all other accounts a rounding error on my taxes.
Sure you could get a part time job as an UBER driver and make literally more in your first night, than in your entire first year of Steemit, but hey it's an investment right?
Now fast forward, after you "make it" past that rough 12 month initiation, making literally less than a homeless man standing by the side of an off ramp.
(Drop a "Lol" in the comments if you think this man made more than your last Steemit post.)
You can celebrate your first years hardship by making a solidly average $30 bucks a post. woohoo!
(ﾉ◕ヮ◕)ﾉ*:･ﾟ✧ ✧ﾟ･: *ヽ(◕ヮ◕ヽ)
By my calculations, if your motivation to post on Steemit is the $Cash-money$, you can expect to earn a solid average return of:
$1.86 / hour!
your first year if you post every day.
Followed by $20/ hr your second year, assuming you are able to make an average of $30 bucks a post, and you again post everyday.
If that's sounds good to you, then you have not been reading my blog.
(Readers are not to question what is clearly my highly sophisticated and math intensive proprietary model for forecasting Steemit payouts)
Hey at least it's better than Reddit..
The best advice I've heard concerning Steemit comes from a rap courtesy of @scaredycatguide.
The hook goes:
"Steemit revolution, about to begin, come for the money stay for the friends..."
Couldn't have said it better myself SCG.
Until next time.
It's your move.
JESS
*If you enjoyed this article, send it to all of your friends. If you hated it, send it to all of your enemies!
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