I Learned Much of What I Know about Steemit.... from eBay!

in blog •  7 years ago 

It's a funny thing: A lot of people on Steemit — from newly minted Redfish to seasoned Orcas — seem to freak out with worry over how well their next post is going to do... or not.

I have only one thing to say to that: "give yourself a BREAK! Don't bother."

The Averaging Effect

As some of you are no doubt aware, one of my "Day Jobs" is is selling various stuff on auction/ecommerce giant eBay. Over the 20+ years I have been there, I have sold a wide range of antiques, stamps for collectors, jewelry supplies, art and other things.

Rhododendron
Signs of spring!

The single most important lesson I have taken with me — which I now apply to Steemit — is to not tie your expectations, hopes and dreams to any one thing.

In the early days, I used to worry myself into a frenzy over whether or not any one particular piece of vintage pottery or a rare old stamp would sell "for the right price."

Frankly, if you're doing something — anything — on a large scale, it's a "loser's game."

Why? Most things in life don't turn out as expected, because at any given moment we are dealing with a bajillion variables, all of which have an impact on the final outcome.

What I learned about eBay was that the only way to stop worrying and sleep well at night was to simply "play the averages.

In an "open auction" market, some items are going to sell for way more than you ever hoped for; some will sell for "somewhat more;" many will sell for "about what you figured," some will sell for less than expected and a few will sell for practically nothing and be a loss.

Why am I OK with making some losses?

Because on average I'm doing OK!

Let's Apply This to Steemit

ForestRoad
A peaceful place

In the past 12 months, I've had posts that earned $0.00 and I have had posts that earned almost $300.00. If I were to lose sleep and worry about every low-paying post I created... I'd be a serious insomniac by now.

So I create posts. And then stop worrying about them. It's just that simple. 

Once I hit "Post," I stop worrying about it.

That's not to say that I am not always trying my best to create "a potential $300 post," it just means I have no attachment to what any "next post" might do. 

At the point of posting, my only "job" is to reply to any relevant comments I get on that post. Sometimes that goes well, sometimes it doesn't.

Doing Your Best

The thing is, all I am really trying to do is "my best" with each post. Since rewards ultimately depend on other people — not myself — I have very little control over the eventual outcome. 

Lavender
Blooming lavender

Pretending that I DO simply adds stress to the equation, and I don't want that-- I'm mostly here to enjoy myself! 

"But you could market the post, or buy some upvotes, or....."

I could...

... but I don't. 

In the 16-odd months I have been a contributor here, one trend I am not so happy about is that a lot of people seem to be getting all knotted up and tense over "the rewards." And they forget their humanity. And they forget what "SOCIAL media" is actually about-- building connections. Even if building those connections is simply part of a greater objective to build "Brand Self."

So by all means do your best! But stop worrying so much about why "this" post made $2.00 and "that" post made $75.00!

How About YOU? Are you a compulsive "post watcher?" Or do you just publish and move on-- take the good with the bad? Or do you already "play the averages?" Leave a comment-- share your experiences-- be part of the conversation!


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  ·  7 years ago (edited)

Its been a treat binge-reading your posts. You make wonderful blogposts sir and you deserve to get more exposure.

I've invited you to become whitelisted in Minnowbooster. Please go and have a look at their service. Your articles are well written and well thought that you should be earning much much more than these rewards.

upvoting my post for visibility

Thanks for stopping by, and for the encouraging words!

I guess the reason you're a "stranger" to me is that you don't post so much, but that's neither here nor there... except I tend to "find" people through their posts.

Thanks for the invite; I'll check it out! I thought I was already whitelisted there; but that turned out to be smartsteem... which will tell you how little I pay attention to "services." I'm pretty good at creating content and interacting with people; not so tuned in to the whole marketing aspect of things.

Thanks for coming by!

True @denmarkguy your work is really good. I was just thinking five minutes ago as to why you do not earn more on your posts. Your posts are good for binge reading too. I enjoy following the arc of your creative output, how the topics flow from one to the other. As you say it is not a priority for you to earn and it is more about fun, but you are good at this and in my humble opinion worthy of more support.

You're welcome. thanks for the warm response . I believe promoting your post can just be as important as making awesome articles. For your awesome articles to be appreciated it needs to be seen by a lot of people thats where MB comes in and helps you.

Since you are now whitelisted . You can now use their service to promote your post. You can do that by sending your SBD to Minnowbooster with the link to your post as the memo. MB will then upvote you at around 2.6x the amount that you send. So a 10 SBD sent nets you $26 worth of upvote and 100 SBD gets 260.
If you do the math on the rewards assuming the STEEM price doesnt go down a 100 SBD boost sent to MB If we do the math You will get 96 SBD Back and 26 STEEM POWER!! ( I've already factored out the curation rewards ). This will not always be the case but in terms of SBD + STEEM you get in rewards it almost always results in profit for you.

The good thing about high voted posts is that more people get to see your post as they are reflected on the trending section meaning more exposure and followers and readers in the long run.

You can read more about them at
steemit.com/@minnowbooster

How About YOU? Are you a compulsive "post watcher?"

I think it can all depend on the relevance of whether you eat that day or not...?

Watching them doesn't change lot, but the tension in your life can change, depending..

I do it more than I think is good to I think - but less and less as I grow into steemit.

(but the relevance of earning does come into it - if $5 in Africa is the same as $30 in the USA, relatively speaking)

eBay was really a good training ground for me in letting go of specific expectations. And I appreciate the part where we are "dependent" on something, for food and daily life.

But we're peddling something — on Steemit, our thoughts; on eBay, products — to the broader public. And we have no control over that.

I have ZERO idea what the next post I put out might earn... and attach no expectations to that post. But I am almost 100% certain that of my next 100 posts, some will be rewarded $2.00 and some will be rewarded $50.00+ so I put my faith in the long term average, rather than any one specific thing.

And absolutely, earnings are different, in different places. You can buy a whole lot more food with $25 where you are than I can here in the US.

Loved reading your take on this platform through the lens of an Ebay seller. Also, the idea that social media is about building connections and that people are concerned most about their rewards makes total sense. Many people, for the first time, have found this great place where people get good money for blogging, and they become total bloodhounds, resorting to spamming and bidbots for attention. Others will worry about posting bad content and constantly search for the gold post, likely falling short of expectations.

Personally, I am a notorious post-watcher, because I am excited to see who has interacted with me. But when I post something, I'm always thinking immediately about the next post I'm going to make. The show must go on :)

Great post, cheers!

Greetings, neighbor! I see you're just down the road in Olympia — lot of Northwest Steemians. Must be all the rainy weather....

Many people, for the first time, have found this great place where people get good money for blogging, and they become total bloodhounds, resorting to spamming and bidbots for attention.

Sad, but very true! And sad because so many seem to lose sight of the fact that this is a SOCIAL site, not just a glorified cash dispenser. The market is pretty efficient and self-adjusting, though... most of those upvotes purchased for $50 will get you back... about $50 (if you're lucky!); it all reminds me a bit of putting out a new album and then rushing out and buying 50 copies of it to give the illusion "it's selling well."

Hey, Port Townsend! Right on! I do notice a lot of NorthWesterners on here. Cheers, neighbor :)
Yeah, I still have the naive optimism that one's following and rewards correlates with the integrity/value of the material they're creating... We'll see how long that works out lol

I would be lying if I would write that I don't care about the value of my posts. I just do. Maybe it is that I am still a red fish and want to grow to Minnow status, which would grant me the slider on the Steemit frontend.
Do I look back to see what posts where good or which ones didn't do so good? No.

Don't get me wrong — I care how my posts do — on average. It's just that after 600+ top level posts, I'm just beyond investing myself in the outcome of any one post.

Getting the vote slider is definitely a benefit... "curation" suddenly become a real thing!

Really waiting in the slider. I do have it on Busy, but is just not the same!

when one doesn't have any expectation, there's no unnecessary pressure to succeed.

That's fairly much how I look at it. There's a difference between hoping something will do well, and expecting it.

Absolutely, I am here on Steemit for diversity in income as well as a chance to learn and play in the new markets. I started to try to build a brand here that has been successful in other places. However the HERE is different from other HERE's. I have so many other businesses hat my time HERE is limited so shorter posts and more work on comments is the way for me. In the beginning though it was different, obsession with building anything can get you and so it was with Steemit. Consistency is the simple key each day you post, you look at the comments of prior posts and yes look at the income, but do not check it every minute... you will miss all else around you (that might even inspire that $300 post).

Its wonderfull click..flowers are really beautiful it refreshes ones mind brings positive energy around and improves or thinking level..

It all makes perfect sense ... expressed in dollars and cents, pounds, shillings & pence ... Pink Floyd. That song came to mind whilst reading your post! You're 100% correct, I've only been here 4 months and have learned to relax a bit. I've become more concerned about people responding to me, and have come into contact with some amazing people. I don't have much time available so my posts are infrequent, but I'm hoping to change that - there's so much to talk about!

Well put together post @denmarkguy! I truly agree with that except I take it more as a platform to grow and build a community rather then looking at the $ value associated to each and every post. I think if you look at the bigger picture and that we're apart of the group of Pioneers that have joined this blockchain community and in this specific niche that in the long run we'll win either way!

I do wish I had some post hit 300$ of course but I mean at this point with my investment of 0$ I am already up 1000$ along with the silver coins etc I've won along the way.

I found you from @happycrazycon and I'm really glad I did. This post really helps me ground myself to the gravity of why I am here on steemit. I wish to build myself from the collaborative efforts of my chosen community. I am here to learn from great people and I feel like you may be one of them. I will stay tuned for more of your stuff. Thank you for your wisdom!

I like this post☺

I'm very prone to becoming discouraged due to comparing my own success/work/post popularity to others around me, so this is definitely a good reminder. I don't find myself constantly obsessing over social medias, but I find it very easy to fall into a loop of worry over a specific post. Which is directly counter-intuitive to how I want to explore this site, since I spend all my brain power thinking about what I'm not doing instead of just posting.

Starting out on a new social media site is also very daunting because I start thinking, "well, I've already made my way on these other sites, so there's no reason to keep at this one where I have to start from scratch..." but that's ridiculous because all of those started with nothing, too, ha! My recent challenge is to not let Steemit gather dust on a shelf in my mind, thanks for reminding me not to worry :)