Comment if you would be interested in having me create an animated logo such as this one. ^^^
How is everyone? This is bwells bringing you some more information on Promoting your post on Steem with Steem Bucks. Make sure to follow for similar info, crypto predictions, ICO reviews, and more!
The common Promote Post Misconception
I just want to start off by addressing the common misconception a lot of people have seemed to be running into time and time again since I have been on this platform for the last month or so.
It seems like everyone and their mother think that if they pay to Promote a post with Steem Bucks that it will magically garner a profit on their investment every single time. Unfortunately, it is not that easy and you shouldn't be expecting a profit when you spend Steem Bucks to promote a post. The truth of the matter is, you will likely never even come close to breaking even with promoting a post unless you spend upwards of $400+ with the promotion and have a very high quality content article with a "viral factor" to it. I am not saying that it is impossible to make more than you spend with promoting on Steam, but it should not be your goal and there is a hidden ROI over time that is over most people's head.
Why would I Promote a Post on Steemit then?
As I said above, there is a hidden ROI when it comes to promoting on Steem.
I have seen dozens of different people on this platform that pump out tons of great content. Their blog is filled with informative, interesting, and worthy content that should be making money. They seem to be doing everything right when it comes to creating great content, but they are stuck with 10 followers and most of those are people with Rep levels under 25 looking for a follow-back.
Why aren't these people succeeding on Steem?
The real Return on Investment isn't from the %10-%20 that you might be lucky enough to immediately make back through the Author Rewards of the post, but the real return is the potential to gain new followers every time that you promote a post.
How does Getting New Followers Help me?
When browsing on Steem you can go to the Hot, Trending, or Promoted sections to get content. You can also go to different sections of the site such as Bitcoin, Steem, Cryptocurrency, etc.
Most people always stay caught up on their feeds as well and this is probably one of the first places that most people go since it is only posts and resteems from people they follow. That is why getting followers is so important because it gets all of your future content in front of eyes without the need for any promotion. Therefore gaining followers through quality content and paying a significant amount to promote either your best quality article or all of your future articles is probably one of the best ways to achieve long-term success on this platform.
How do my posts have so many likes but I am not making much money still?
Some people's upvotes are worth much more than others and this is because they have more Steem Power in their account. Steem power is taking the actual crypto Steem and investing into your own account for a longer term.
If you had 1700 Steem which is worth about $1700 today. Every single %100 upvote that you gave would earn that person around 17 cents. This is assuming that your voting power is %100 and that is another topic for another post, but basically the more you upvote within a period of a few days, the less each future vote is worth.
It is also worth nothing that once you reach a certain threshold in your account at 1 million vests (around 500 Steem in Steem Power) you can start allocating how much weight you give each vote from a %1-%100 range. This means you can still return a like or nice comment without giving up too much of your voting power(value for future upvotes)
Getting high quality followers that save their Steem with Steem Power are the best followers to have. They will make you the most money by upvoting good content you post or helpful/funny/beneficial comments. Most of the time, the better the content, the more likely someone is to give you %100 of their upvote allocation.
I hope this has been of some help to you. Please consider upvoting and following! Please comment any questions.
To the moon,
bwells