Starting out here on steemit can be quite challenging for newbies(like me😋). Except you are friends with or you where introduced by one of those big guys with overwhelming steem power.
Belive me when i say i understand the frustration when you sit for hours, sometimes days working on a very good post only for it to get little or no attention. Perhaps not even upto $1 worth of upvote by the time the post pays out. Your posts basically lies at the mercy of powerful individuals. and its common knowledge that whales does not swim where the planktons are. ( except ofcourse when they want to feed).
It was these frustration and dissapointment that got me even more excited when i heard about BOTs that i can pay to get upvotes from. Wishing right now i had a better tutorial on how to use them when i first started using them😢
One mistake i made at first and wont want another minnow to make is that i was not aware that when you are using BOTs you are already running on a loss because these BOTs are created to make profit.and thats not the best of things to happen to a minnow. That been said it does not mean you cannot still make profits from using BOTs Infact , i will advice all minnows to use these bots to promote their post and make profit from them because people normally get attracted to posts that have high upvotes. But for you to make profit you need to understand how these BOTs works, the good and the bad ones.
STARTING OUT
www.steembottracker.com is the best site to use to acess the activities of these bots.
Note the bots that are close to the time of voting and are highlighted green. These means that the bot is currently running on a profit.
Always check the details of the bot before placing your bid.
check the last round of vote carried out by the bot to know if it was profitable or not. You know these by checking the (ROI) meaning reward on investment.If its negative that means the bot is not profitable but if it is showing positive that means Profit was made from it.
Also check the value of your bid shown in USD compared to the value of upvote you are getting from the bot. To make a profit make sure the vote value is higher than the value of your bid shown in USD like this one shown below.
For post that are 1-3 days old i will advice you start with those bots that accept low bid like 0.10 or 0.50sbd, then when the post is like 5-6days you can then use those bot that have a large vote value and accepts higher bids. The reason for this is that the steem market fluctuates and if you spend high amount of SBD aquiring vote you might run on a loss if the price of steem or SBD falls. Buying late help minimize the risk involve but these is a two sided coin because you can also gain alot if the market is profitable.
If you are investing huge amount of SBD make sure to use BOTs that have a high vote value
Try not to overcrowd BOTs with bids the more bid they have the less their vote value and the higher the profit they make and thats exactly what they want.
Watch out for those bot that cheats i have actually come across one or two their timing was just faulty so as to accept more bids.
I REALY HOPE THESE POST HELPS
TIPS ON HOW TO MAXIMIZE PROFIT USING BOT FOR MINNOWS | Ecency
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