Steemit for Newbies: Four Quick Tips for getting paid.

in Banking and Finance4 years ago (edited)

Welcome to Steemit!

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I joined Steemit almost two years ago and my journey has filled filled with many small, but important discoveries. I decided to write some of them down, because each one is important to know to be successful.

Minimum reward level payout.

There is a minimum amount of either author or curation reward that a post or comment must earn for you to get paid. I didn’t know this when I started and wondered why my smallest rewards didn’t show up in my wallet after seven days. If your rewards earned are less then 0.020 you don’t get paid. Those rewards are called “dust”. That’s frustrating because that reward of 0.019 might be your first author reward, but it doesn’t get paid to you. Sadly all you need is 0.001 more to get paid.

The 5 minute rule.
After an author submits a post a timer starts runnng and the closer you are to the time of posting the less curation reward you get, but the closer you are to 5 minutes after the author submits the post the more of the curation reward you get. So upvoting early can result in zero rewards for you, while upvoting at 5 minutes will give you the maximum curation reward.

Comment Rewards
You get paid a reward when someone upvotes you. In proportion to their voting power. But did you know you can upvote replies and pay the people who support you with upvotes. If you check conversations you may see six replies between the author and a follower/supporter. Each of those replies can have a reward as long as it’s above the “dust” threshold of 0.02, they get paid.

It’s important to realize these are big rewards because you are splitting these rewards with fewer people, frequently only two, versus post rewards which are divided between all voters. It is an important
Potentially a large source of revenue.

Resteem Posts
You can “resteem” someone else’s post , which means it will now be listed on your blog, as a way of showing the post to more people. This has two effects: (1) It potentially increases the rewards for the author and (2) It can increase the curation reward for you. It’s a win-win situation where both of you potentially benefit.

This is the end of Part 1, if you like this, please comment, upvote and resteem!

@shortsegments

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It really a great guide to new users I've learnt something new on this post thanks.

Your welcome!

I also love your picture at the end!

Uploading image #1...

Great list of tips, which can make a difference to new members.
I like this tip;

So upvoting early can result in zero rewards for you, while upvoting at 5 minutes will give you the maximum curation reward.

I also like this:

But did you know you can upvote replies and pay the people who support you with upvotes.

That’s easy money!

Thanks!

Thank you

i sent a wrong email while filling in to signup in steemscholl, because of this i cant access the community. can you help me.

I am not involved with them. Please contact them via the “contact us” section on the website

I appreciate this guild it will go a long way for me

Thank you

Rewrite include more details about 5 minute rule and add dust rewards?

Minimum reward level payout.

There is a minimum amount of either author or curation reward that a post or comment must earn for you to get paid. I didn’t know this when I started and wondered why my smallest rewards didn’t show up in my wallet after seven days. If your rewards earned are less then 0.020 you don’t get paid. Those rewards are called “dust”. That’s frustrating because that reward of 0.019 might be your first author reward, but it doesn’t get paid to you. Sadly all you need is 0.001 more to get paid.

The 5 minute rule.
After an author submits a post a timer starts runnng and the closer you are to the time of posting the less curation reward you get, but the closer you are to 5 minutes after the author submits the post the more of the curation reward you get. So upvoting early can result in zero rewards for you, while upvoting at 5 minutes will give you the maximum curation reward.

Comment Rewards
You get paid a reward when someone upvotes you. In proportion to their voting power. But did you know you can upvote replies and pay the people who support you with upvotes. If you check conversations you may see six replies between the author and a follower/supporter. Each of those replies can have a reward as long as it’s above the “dust” threshold of 0.02, they get paid.

It’s important to realize these are big rewards because you are splitting these rewards with fewer people, frequently only two, versus post rewards which are divided between all voters. It is an important
Potentially a large source of revenue.

Resteem Posts
You can “resteem” someone else’s post , which means it will now be listed on your blog, as a way of showing the post to more people. This has two effects: (1) It potentially increases the rewards for the author and (2) It can increase the curation reward for you. It’s a win-win situation where both of you potentially benefit.