I shared an image I created today on Leo Threads and around social media as well...
It's a topic I've brought up countless times in the past and if you search the chain, you'll find a few posts about it. The good ol' 5-500-5000 formula!
So why am I writing about it again tonight? The topic came up in our Discord earlier where a few people raised concerns about how hard rewards are to come by on the chain consistently.
Let's look into this a bit deeper!
But first, a quick refresher...
Haven't heard of the 5-500-5000 formula? Here's how it works....
Each day, you engage with a minimum of 5 members of the community. That means curating, commenting, asking questions etc. Just get 5 new people every day to get to know you. Add value to their journey and expect NOTHING in return. Literally do this everyday because it's how we add value to others first.
This attracts good things! Some of those good things will be more people on Hive following your account. It may come in the form of upvotes too, but for me, my goal was always to build a network on Hive. Your goal, is to hit 500 followers ASAP!
And finally, through dollar cost averaging, effort cost averaging, and attracting people to your journey...You should aim to reach 5000 Hive Power.
A few notes about this plan...
1. The first step doesn't have to 'stop' at 5 members! That should be the minimum each day. The more, the merrier!
2. It's critically important to not get all excited and then two weeks down the road, you give up because everyone didn't upvote you. This is a 'formula' that takes compounding interest into play. When you stop, you basically use up all the effort you have put in and then you have to jump back in and start building again. Don't stop, keep showing up!
3. Yes, dollar cost averaging means....Spending some of your fiat into this stuff! Put some skin in the game! Now that doesn't mean that you have to break the bank and mortgage your house to buy Hive Power. But when you get an extra few bucks, power it up!
And I guess the biggest disclaimer and complete transparency of this example has to be this...
I literally, lived this!
I've mentioned this before but for the sake of this post I think it needs repeating. I did NOT come into Hive with a bunch of disposable income or a huge following in the crypto space. I showed up and just kept being in front of people on chain for over half a decade.
Read that again....I've put in the effort here for going on 6 years now. Which means, I didn't jump off the bus when times got tough and I kept showing up. When you combine this with a genuine desire to add value to the blockchain guess what happens...
A few rebuttals that might appear:
"You have 3000 plus followers now, easy for you to say!" To that I answer, I had 0 followers, I'm no whale and no one is banging down my door daily to hang out with Jongo lol I got that many followers because I'm following the 5-500-5000 formula.
"I do all this and still get no results!" To that I ask, look at your content and engagement and then take a look at what some of the top earners on the chain do. And while you shouldn't compare yourself, ask yourself what they are doing differently than you are and adjust accordingly.
"I'm not knowledgable in crypto, no one cares what I write!" Fun story, when I first joined all I wrote about was crypto and my lack of knowledge around it. I got zero support. Then I used Hive for what it truly is, WHATEVER YOU WANT IT TO BE! And things got a lot more enjoyable! Find your passion, find your community and plug into it!
Here's a little image that you can print out, or use whenever you like. It's a bit of self-accountability. And I'm not guaranteeing things, but I just don't believe you can lose when you follow this model each and every day on Hive.
Every day, ask yourself if you have done all you can to add to Hive. And then check it out. Every day!
Do this for the next 12 months and then come back and tell me how your journey is progressing ;)