Day 19: Invest In Steemit (30 Days Of Steemit Success)

walkingkeys (61) in steemit • 7 years ago

If you want to be successful on Steemit, you have to invest. As the age old saying goes... "If you don't have money you probably have time." Today we'll discuss the best ways to invest in Steemit.

I have been delegated 1,000 SP to help new Steemonians find Steemit Success. Over the month of September I will be posting daily about different strategies, tips and tricks to help you become the best Steemoninan you can be. You can start at the beginning if you want.

30 Days Of Steemit Success

For some people, when they join Steemit they can invest cash and buy STEEM and power up. Assuming most of you are not in that position, this blog is for you. If you have extra cash and you want to invest some, Steemit is a great platform that I believe in. The value of STEEM is undervalued in my opinion and has a lot of room to grow.

When you think of success on Steemit, your scope should be long-term. Plan on staying for the long-run and invest with your time. It takes time to grow your Steemit account and build up STEEM Power. Steemit is a huge time investment if you want to see success, and there is no real shortcut.

Like any investment, the best thing to do is to just put the daily fluctuations out of your mind and focus on the end goal. When you are starting out, you might make $1.00 on a post and then get frustrated that you only made $0.21 on the next three. It doesn't matter, you are watching too closely if you think of Steemit as an investment.

After three months, then look back and see the growth. Look at it after a year and then be the judge if the investment is worth it. I say yes. It doesn't matter if you make hundreds or millions of Steemit, you are creating money by communicating your thoughts and ideas. There are not too many other places in the world that will pay you just for being you.

I like to think of things this way...

Steemit is like a compounding savings account. The more you make, the more you make. For example.

If someone said to me, I will pay you $800 to write for at least two hours a day for three months. Basically it boils down to about $4 an hour. That isn't much and I would have probably turned it down.

But...

If someone said to me, I will pay you $800 to write for at least two hours a day for the first three months. The next three months I will pay you $1,100 to write for at least two hours a day. Then then next three months I will pay you $1,500 to write for at least two hours a day. Then the three months after that, I will pay you $2,000. After a year you will have made $5,400. The more you invest in Steemit and the longer you continue, the faster your account will grow.

If you invest in Steemit, it will also invest in you. Spending that much time writing will make you a better writer. Spending time reading other blogs will make you a better reader and smarter. If spend more time traveling you will become a better traveler. Whatever you do and whatever you share... Steemit will make you better.

If you invest in Steemit, not only will you over time build up a valuable account, you will also become better at whatever skills you use to interact on Steemit. There are few investing options in the world that deliver such quality to your life. Steemit is an investment that will pay off big time, but like all investments, you must invest wisely.

(giphy.com)

Today's Question

How do you invest in Steemit?

The best comments will be 100% upvoted and added to the eBook for 30 Days of Steemit Success.

Thank you for reading Day 19: Invest In Steemit. This blog is part of a project that @dragosroua and @alexvan are supporting. I am deeply appreciative of their support for my project. The 30 Days of Steemit Success will be a series of blogs posted daily on Steemit to help new Steemonians. All of the blogs will be put together to create an eBook that will be available for download in October for all Steemonians for free.

To my followers you make my Steemit sun rise.

steemit writing steem minnow empower1ksp

7 years ago by walkingkeys (61)

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munawar1235 (67) · 7 years ago

I think best investment is to create high quality original content. This is key to success in steemit. Nice article @walkingkeys

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13 votes

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bashadow (65) · 7 years ago

A couple of different ways I guess. Early on I got up to 10SBD's, I was needless to say somewhat shocked, so I transferred it to steem and then steem power. The second time I got 10SPB, i had just ran across a post that someone needed some help and was requesting a loan. I trusted a few of the people that set the loan up and responded about the loan, so since I did not need it I sent in 10SBD's at 0% interest, "(if he did not need it he would not have asked)" The third time, and this really got me I had made over 30SBD's , I gave it to my wife. One of the guys I follow was building a bot, and asked for steem donations, I did not have many only 2 steem, so I gave him 1 steem. I know it was not much but it was half of what I had. Now today, I got back to just over 5SBD's and am in the conversion to steem process with it.

Those are the financial ways I guess I have invested, but, social investment is much much more important. I love to read, and help people, so I visit and read and vote and post comments all over the spectrum. If it is good content, then I upvote, and comment. People like to know what they are doing is appreciated, even if it is just a blind vote, but a comment, sometimes that can make a person's day.

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1 vote

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timeshiftarts (55) · 7 years ago

I think the social investment is HUGE! If more people spent time reading and engaging in conversation, Steemit would become a much more valuable community.

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markmorbidity (51) · 7 years ago

I invested like 20 bucks or so worth of BTC i had laying around. But after a week or so after doing that I really didnt have a reason to bump more in my account. I felt like just using the site as any other social media platform. If you think of it as a get rich quick scheme...it will just be another website you made an account for and forgot in a few weeks.
I was like that with twitter.. I made an account... left didnt come back til 3 years later and now i post there frequently. Steemit is something that takes time and with time comes it's rewards. But currently my investment is my comments i leave in others posts. Because no amount of money or anything can replace an honest comment/review/criticism.
I invest in being genuine with my posts.
Keep on rolling these awesome series. Love your 30 day challenge!

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1 vote

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paddygsound (53) · 7 years ago

Content, content content. That is what it is all about. Its the gravitational force which keeps this wibbly woobly thing spinning.
Thank for your posts @walkingkeys. I find them very useful in finding my feet as I make my first few steps into this ball of string.

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timeshiftarts (55) · 7 years ago

My investment in Steemit is often reading 10-15 "minnow" posts. Writing thoughtful comments on things that interest me. Taking inspiration from things I comment on to write my own content. Exploring the world around me so I can take pictures and write about it. Thinking about what I do for myself and writing about it to help others with the same things.

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kimzwarch (69) · 7 years ago

The investment itself is not only on the money, but also the time and effort to create content, to understand the mechanism, to utilize the bots, to engage with people and so on! I could say it can be a profession (a Steemer perhaps), a hybrid of a blogger/vlogger + crypto expert + investors...
Learning from your posts @walkingkeys, thanks!

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