Steem earnings, Flipping burgers and Medium shillers

in steem •  6 years ago 

I once wrote a piece some two years ago I'd say about what types of weekly average earnings I would need to keep writing. It was more of a thought experiment where I looked at how much work is put in, the value earned and whether I would get more from working and buying Steem instead. I didn't know much about the platform at the time but I still think that way in certain respects.

I know that back then, I wasn't earning nearly enough to cover an hourly wage at the worst paying job in Finland but, I also knew I didn't have to do the worst paying job, I got to write. On top of that, I was writing between 10pm and 6am as I intermittently cared for my sick daughter and wife. Even the worst paying job in Finland can't be done under these conditions. Well, it was a lot of work and paid nothing so perhaps it was the worst paid job in Finland.

Some people of course expect to get paid an adequate amount for their work put in on Steem as if it is a position with a contract and dental care. They say that they could work in a fast food joint for more and buy more Steem than they can get from earning. This is very likely true for 99.9 percent of the accounts on Steem today. So, why don't they?

It is a funny little contradiction as some people complain about not earning enough Steem yet if they were working, they wouldn't risk their own money on buying some Steem.

Umm, I thought you wanted Steem? - Oh, you actually wanted fiat.

The thing with people who say nonsense like working in a burger joint for Steem buying money is, most are not going to and, even if they did, they wouldn't buy Steem with it anyway because, they actually want that sweet, sweet, fiat they crave.

Those who want Steem of course can do the math themselves and this is why many people in the last few months have bought into Steem when it was low because they recognized that not only is there the chance that Steem will go up, the amounts they can get by buying with fiat is going to reduce their workload incredibly over trying to earn it out of the inflation pool through posting, commenting and interaction. The smart ones of course keep interacting to bring down their buy average with every Steem they earn.

For me, I don't have time to work at a burger joint for Steem and I am currently busy working trying to get my debts down. I have managed to buy some Steem along the way though. Lucky me? Meh, I work hard for my fiat and if I want to turn it into a useless cryptocurrency that Steem earners are willing to sell for cheap, that is my business. I work hard for my Steem too.

If I did work at a burger place or the worst paying job in Finland, I would work hard at that also because, I see value in working hard no matter what the value returned to me might be. And if I must have a job to live my life, I will treat that job as if my life depended on it, because it would. On Steem people talk about their economic needs and how their life depends on getting Steem but, are they working as if that is true? Are they working in the "real world" as if that is true? What kind of work will one do to save ones own life?

I don't know about you, but I have been in various forms of economic hardship throughout my life and the only thing that has kept my head above water is the work I have done, not the expectation I should be saved by a government, my family or a crypto platform that I believe promises income. If I was struggling to the point of 'life depends on it' I would not be on Steem for money, I would be getting a real job flipping those burgers or stacking those shelves - whatever it would take.

If Steem was my only option to earn a living, I would be the goddam best model Steem citizen on this platform and there would be no way in hell I wouldn't know how the mechanics worked. If my life depended on something, I wouldn't be assuming and I wouldn't be leaving anything up to chance unless I had no other choice in the matter.

Luckily for me, I live a luxurious life where I get to work 250+ hours a month because to get my debts down to where they have crept through life's luck, it is going to take time. I write for Steem on top of those hours because I see potential in so many ways by holding Steem and Steem Power. Both are currencies on steem, Steem Power is vests that buys access to a proportional amount of the pool.

It is interesting when people complain about the way earning works here yet when having a look at their content, they seem to have no idea about how supply and demand works nor what is interesting at all to the people that they are expecting to grace their posts with a vote. I am unsure if they would be capable of flipping burgers.

I used to work at McDonald's when I was at university. It paid my tuition and allowed me to get a loan on a house that was slowly getting paid off. Other people went out drinking and buying weed with their fast-food money. Choices. I lost the house however as it was sold to relocate my mother and pay for some of her care as she died of cancer. Life happens - as does death.

When it has come to economic luck, I haven't been blessed with fortune especially due to my health but, my plan is that my daughter who already looks like she might have some future complications arise, need not suffer the same fate of parents who did very little for her economic well-being. It isn't likely a good long-term plan for my health but, cancer or getting hit by buses aren't either. While I can't prevent cancer or accidents, I can prepare for not being in a shit position in life, bitter and complaining about how a crypto platform doesn't pay me enough for my work.

Most content on Steem is likely over-rewarded based on what it is but going back to the medium comparison, when I just went to the front page I found this featured story:

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It was posted 8 days ago, is a 21 minute read , has 1.2k "claps" and a massive TEN COMMENTS.

Maybe it was TL:DR? What about this one?

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FIVE COMMENTS

lol. People complain about engagement on Steem.

That is an award winning freelance journalist supposedly and, the senior editor of Medium Tech. Those two people do write for a living and are probably pretty knowledgeable and good enough at it to survive doing it. They also probably earn more than what you get on Steem, so rather than flip burgers you can try your writing hand on Medium to earn there.

Patreon is another place where followers actually pay content creators kind of directly. Have you given it a go if your life depends on posting on the internet for a living? I hope so because I know some people who earn quite okay there. They are experts at what they do though and have also learned how to build and maintain a following. It has taken them years.

There are many options out there on the internet to earn from so, why is it so important to get earnings from the Steem pool?

Well, there is likely not many places online where it is as easy to earn something as most require a professional approach with relevant and adequate skills in both what is created and self-marketing and, many months, if not years to build a large enough audience to be able to monetize it. And as we can see from all of that Medium engagement, it might be a pretty lonely world out there.

Perhaps people need to read this highly engaging post on Medium to break their funk:

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EIGHT COMMENTS

But as they say, if you can help one person....

Oh, I can't look at the comments because I am not going to sign up for that shit, and the only way to read the comments is to have an account there. Again... lol.

This is going to be the difference on Steem in the future and why I think it is a much more lucrative platform than at least most of the others out there. While medium and the like might have the polished content, no one gives a crap about who anyone is, they are all just products to be consumed. On Steem, there are real people and real people engaging and I would probably go out on a limb and say that Steem has paid out more to users than Medium has over the life time.

Here is an article from Medium I will link however if you want to read:

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The first paragraph:

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And... you fucking clueless TOOL.
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source

TWELVE COMMENTS

If anyone has an account there, maybe they want to comment a link to STEEM.

I am pretty hungry.... Working at a burger joint sounds pretty good right about now.

Taraz
[ a Steem original ]

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are they working as if that is true? Are they working in the "real world" as if that is true?

I am unsure if they would be capable of flipping burgers.

On Medium, you might get the clap. If you're very unlucky, you might get thousands of them. LOL

lols. no cream for that.

or gherkins :'(

I have more comments in 30 minutes than any of those articles :D

I cross-posted an article I wrote on Steem on Medium yesterday. I just checked: it got one clap and one view. I guess that's a 100% upvote clap score?

Don't know what I overall gained in life though...

Don't know what I overall gained in life though...

A life lesson? :D

Was it a one-hand clap? :D

It is interesting when people complain about the way earning works here yet when having a look at their content, they seem to have no idea about how supply and demand works nor what is interesting at all to the people that they are expecting to grace their posts with a vote. I am unsure if they would be capable of flipping burgers.

lol this one got me.

That is an award winning freelance journalist supposedly and, the senior editor of Medium Tech.

LOL

wow I wasn't even aware they require people to sign up to read comments, lol. Not to mention the leeway for faking activity that brings - although it doesn't seem like Medium are doing so, lol.

Also didn't you know everyone online nowadays are crypto enthusiasts who got into bitcoin in 2013?

although it doesn't seem like Medium are doing so, lol.

haha, yeah.. if this is them fudging the numbers, they really suck hard.

Also didn't you know everyone online nowadays are crypto enthusiasts who got into bitcoin in 2013?

He did only say he writes about cryptocurrencies, not that he knows about cryptocurrencies :D

He's write-only about crypto.

  ·  6 years ago (edited)

Edit: good article thanks. To the powers that be let people like me WANT to manually upvote posts such as this. I still think fuck, i'll just read it but why waste my voting manna as i have other commitments.

:) I am glad I roped you into a vote.

It would actually be an interesting metric to know how many people read but don't vote on various types of content.

thank acidyo for sending your post my way. it would be interesting to see and for what the real reason people did or didn't vote

I thank him for many things already :D

I have always thought that what would be a great future event is if many of the key accounts came together for an open panel discussion to explain their various behaviors over the years. Bernie, transisto, freedom, rancho etc

Can't stop laughing with that last guy on Medium. Feel kind of bad for him but at least it is not on a blockchain and he can fix or delete it; too late, thanks to you! The reality is that we are at a weird conundrum in that marketing is weak as we build the ecosystem up for users of the future. A new generation that willingly seeks Steem and not fiat for the ecosystem and economy being created. But such is our life thus far as early adopters!

but at least it is not on a blockchain and he can fix or delete it; too late, thanks to you!

:D

The reality is that we are at a weird conundrum in that marketing is weak as we build the ecosystem up for users of the future.

A half decent marketing campaign and this place picks up incredibly in traffic. It'll happen, I just hope that there will be the infra in place to welcome, support and carry them on.

A half decent marketing campaign and this place picks up incredibly in traffic.

¿Is that true my friend? ¿Only a half decent marketing campaign would do?

¡Seeing is Believing! 🤑

I wonder what the equivalent of a downvote could be on Medium. A "slap"? :D

No, I am pretty sure it is:

I've always thought Medium looked like a good place to get very little reward for a lot of effort!

Steem's so much more than a writing platform of course which is a huge strength!

The capacity for micro-payments on gaming and commentz is something I'm finding increasingly interesting.

It's a nice way to 'earn', which is impt.

Maybe you should create a burger flipping game for the blockxhain?

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The micro payments on everything is going to be huge and the witnesses are going to have to earn their money soon.

Maybe you should create a burger flipping game for the blockxhain?

So the sellers can practice? ;P

What are claps. Is that there reward system coin. Surely they could have chosen a better name. I must admit I am content with whatever comes my way as it is about consistency and rewards tend to increase slowly overtime. I think many things will appear here very soon and attracting a larger number of users. Sites like medium are fine, but they could be on here building an audience and who knows making a lot more than they are now.

makes CLAP steem engine coin

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This sounds like a great idea👏

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They distribute fiat i think that is taken from consumer subscribers. :)

Sites like medium are fine, but they could be on here building an audience and who knows making a lot more than they are now.

They might not make more as they are likely not great at engaging.

Steem and Patreon are hard work though XD (actually it's just the shameless self-promotion part that is hard work as far as I'm concerned and it's why I'm failing at Patreon, considering steem relatively successful in the grand scheme because I talk to a lot more people on here than I have done anywhere else for a while)

Well I guess steem is hard work when you have unrealistic expectations. But that's been covered before.

And... you fucking clueless TOOL.

Harsh O_O

Also, if you have ever done that steem word bubble thing are "funny" and "interesting" your biggest words? XD

it's just the shameless self-promotion part that is hard work

I don't like that either and here I don't do too much of it other than speak from my own experiences.

Here is mine. As expected :D

Interesting is there as expected but what do you mean funny is not given the amount of times you've said "isn't it funny" or "it's funny isn't it" XD

Interesting, I didn't even know Medium pays. Looks like it started 2017, and as of 2019, the system in place is still not profitable (and they abandoned ads as a model in general). Interesting state of affairs... But it's also slightly interesting the claps and view time used to distribute a percentage of the monthly subscription. Meanwhile steem has created money seemingly out of thin air...

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But it's also slightly interesting the claps and view time used to distribute a percentage of the monthly subscription.

It is also interesting that there is no view counter nor can who clapped be seen (I don't have an account so maybe it is in there) which I find dodgy.

On top of that I read that if one wants to read more than 3 articles a month, they have to pay 5 dollars subscription a month for it. If the same happened on Steem with 10,000 users, that would be 50k or 100,000 worth of Steem every month just from readers. That isn't going to hapen and instead, STEEM pays readers out of thin blockchain.

There's actually a little more nuance to their monetization system. Authors can choose to opt their articles in or out of the partner program (that's what the little star indicates), then readers must pay if they want to read three or more of those opted in articles in one month. You can still read an unlimited number of articles by authors who aren't choosing to get paid.

You can still read an unlimited number of articles by authors who aren't choosing to get paid.

So that makes them slave content labourers looking for fame like on any other platform, doesn't it?

A double cheese for me please, and can you sneak an extra slither of gherkin on there?

I'm pretty sure I've never moaned about what I collect after the 7 days are up, anything is better than nothing, which is what I would be paid elsewhere for my content I'm sure.

I didn't realise the engagement on Medium was so poor, it's dreadful isn't it? Do the authors not respond to the comments at all? Is it because they cant reward their visitors? I read we need someone with an account to check, and actually, I'm not that fussed - so much more potential here!


You've faced some pretty tough obstacles at times, I hope the work here is time well spent in the future.

Gherkin?? we live in the Americanized world... it is a pickle!

Do the authors not respond to the comments at all? Is it because they cant reward their visitors?

I have no idea but I would say a bit of both but then, most people on the internet don't realise that consumption can be a paid activity. They don't realise yet.

You've faced some pretty tough obstacles at times, I hope the work here is time well spent in the future.

It is time well spent now in my opinion as it helps me process in many ways.

I'm bilingual and like to use both. Not sure why but I associate the tight-arsed ration you get on a burger as a gherkin, and an un-chopped one as a pickle. OK enough bs, but i do love gherkins!

So would Medium allow a Steem article? Can I just write a post asking people why they are wasting their time here where there is an engaging user-base and monetary rewards issued both ways somewhere else?

Fair enough, something like learning the most in the most difficult situations?

They're just pickled cucumbers though, right?

I believe so. And a pickle can be a host of things that are, err, picked. So is it a pickled gherkin on a MacDonalds cheeseburger, or did they invent something else to cut the costs?

  ·  6 years ago (edited)

So would Medium allow a Steem article? Can I just write a post asking people why they are wasting their time here where there is an engaging user-base and monetary rewards issued both ways somewhere else?

I have no idea but I would assume that they wouldn't feature story it at least. :D

Fair enough, something like learning the most in the most difficult situations?

More just the day to day grind kind of stuff. Steem is far from the most difficult situations my life has seen. :)

I know a few people who might wish to clap a Steem article up to the top, if that's how it works.

Fair enough, grind on :)

TIL what a gherkin is. Yum.

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Asher spends a lot of time jerkin' the gherkin

I need to break-up the shitposts somehow

High-5 fellow gherkin fan - best part of the meal!

Hi @tarazkp!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
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A theme I have been mulling over and as often is the case- reflected back in comments and posts by others here ( synchronicity / pattern recognition, or whatever)- is: Expectation. No surprise.

I think that the more tightly one holds onto the mental image- of what they hope to get back from their effort and involvement, the more likely they will fail to recognize opportunity and value in ways that are not promoted or originally assumed. Some pursuits provide indirect benefits while others help to form bridges to new opportunity that may have more noticeable benefit, which might include - perspective.

Chance for survival is an obvious motivator when in dire need. The rest of the time I think it is every other Possibility that keeps people going. It could make a fool out of me as it has before, but I also know that it is part of being happy. "living" And not taking too many things too seriously.

How can you enjoy the trip if all you think about is an end result that is sure to differ from a rigid expectation?

How can you enjoy the trip if all you think about is an end result that is sure to differ from a rigid expectation?

This is the problem with the expectation of earnings or some future. I think there is a lot of room for hope on Steem, not much for expectation and entitlement.

PS. any idea what claps are worth?

the claps on Medium don't have a direct value. They factor into their algorithms but more as an indication of the level of response to a story. Each member can 'clap' up to 50 times on a post. If you generally clap say 20 times on a post and then a good one you post 30 .. the algorithm picks up that you liked that post more.

Claps are not the only form of engagement on a post. You can select and highlight text within the post which the system picks up. The author receives notice of what has been highlighted which is a neat feature in that the author gets a sense of what resonates with their readers.

I've been cross-posting content that I post on Steem to there. By posting to my blog using Steempress and then importing from my blog to Medium I avoid duplicate content penalties.

Like Steem, there is some good content over there and there is some crap. Like Steem a lot of regular folks are earning an income as writers. One lady in particular that I'm aware of has been able to quit her dead end job and go full time writing on there while raising her daughter.

Steem is my first love but some of these others sites enable writers to expand their scope and their income.

No idea but suposedly to read more than 3 articles a month one has to pay a 5 dollar subscription that is then distributed depending on author engagement etc. it seems they really need an SMT.

Like it's weird that even now where we have a fraction of the voting power going toward actual content than we had before, the payouts still seem better than Medium. They just have more authors right now.

Yep and who the value goes to on Steem is real people around the world, not just the pros.

Holy shit that sounds bad, how the fuck are they so popular

@eonwarped said they haven't broken even yet. @ned was saying last night he rustled up a couple hundred K to get Steem off the ground and it has paidout to users 50 million from the pool in 3 years plus all the premine sold.

Medium: you are doing it wrong.

I think they are popular because they get famous writers and celebrities who post there. This is the real BS because they don't need to earn, it is about getting more fame for them but, they attract consumers who are willing to pay.

(my source is Wikipedia in case you were curious :))

We know you moonlight as a tech blogger on Medium Eon....

Thanks for the reminder, was gonna give it a listen today.

Life present you choices to growth or possibility to follow. It is up to follow of what you believe.

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Many follow believing they are following the a person who knows and if they don't get to where they want to go, they blame the leader, not their choice to follow.

I accept that I might be wasting my time.

I accept if I look at the hours I spend here it makes no sense.

I tell myself that some day it might be worth something.

I also feel like I am moving Crypto forward.

In addition, I am getting an education while getting paid. At least a little.

I'm glad you are hear with your interesting ways of seeing things.

It is the best place on the internet to be in my opinion and while there is a lot of nonsense here, it is going to move forwards in leaps and bounds once things start to align. Or it will never go anywhere and I will still be writing nonsense :D

I also feel like I am moving Crypto forward.

Most people don't understand this I think.

:*

Yeah, that Botticello guy is a moron. He clearly doesn't know jack shit about cryptocurrency. A cursory look at the top 50 of the projects on Coinmarketcap would've led him to look into Steem. No skilled writer would've looked twice at that Medium crap after understanding Steem.

I bet I couldn't have earned a tenth over of what I have earned on Steem on a mainstream platform like Medium in the time that I have been active on Steem. Sure, it's a different ballgame in that engagement and relationships are everything here and it does take time. But a lot of people are social media addicts anyway.

What people also don't factor in a place like Medium is, what then? What happens when your stories aren't getting traction because the competition is too high? The earnings aren't high enough to retire on and even while writing, rely on. 2000 a month(highly paid on Medium) is 24,000 dollars a year, 21k€ - tax. 16k. 1200 a month... I would predict that to get to that kind of earnings you'd have to be very well supported which takes a lot of effort much like a job but, you would still be some 20% under the poverty line in Finland I think.

Exactly. And you'd have to do research, write professional level text fast, etc. to earn any real money. €16k after taxes is scarcely enough to support one person in this country.
$rewarding 25% 15 min

You nailed it with two main points, Steem is ideal for part timers to add to their income and has good engagement. Most platforms have consumers who need to sign up to do unpaid engagement and unpaid curation. Also for content creators, the entry to making any money is high.

Steem allows for a normal looking class system and i encourage people to try upward mobility from opening up their non-steem wallets or by using steem.

If we took medium facebook twitter instagram reddit and steem and drawed up pyramids of income earning including all forms of engagement, steem would be the only one without millions upon millions of unpaid slaves at the base. No don't get me wrong, its not perfect here, but compared with the other sns / blogging comparing it is like comparing a slave plantation to a medieval serfdom.

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If we took medium facebook twitter instagram reddit and steem and drawed up pyramids of income earning including all forms of engagement, steem would be the only one without millions upon millions of unpaid slaves at the base. No don't get me wrong, its not perfect here, but compared with the other sns / blogging comparing it is like comparing a slave plantation to a medieval serfdom

And even the high earners on the other platforms are taking only a small fraction of what the platforms are taking themselves.

Don't need the money and been purchasing steem to buy influence. Most of my Steem has been bought and powered up. A couple hundred dollars here and there that may have been spent on other sources of fun. Yes Steem is just a hobby of mine that I don't mind investing in from time to time. The time invested far outweighs the money. I think it's better than many other hobbies and hey, it can grow. Blogging is only part of it.

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There are a great many things that are going to arrive in crypto and on Steem also and it is pretty cool in my opinion that those who want are able to play around in areas that many won't have access to anywhere else including skill development, investment opportunity, earning potential and social engagement. a year or 5 and it is all changed again.

You got a 50.98% upvote from @ocdb courtesy of @tarazkp! :)

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I re-steemed even if this post was a week old, but it was something must be spread around so people know that STEEM is better than Medium.

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