Earning Passive Income Through SmartSteem/SmartMarket.
I’m willing to bet that 98.99% of you upvote your posts 100% of the time. Some of you likely vote your own comments as well. The Steemit platform is rife with all the rampant self-voting and I’m no exception to the rule.
I too have been a prolific self-voter. If you look HERE, you can see that I vote my own posts 8.6% of the time. Shamefully, that figure used to be around 24% If you enter your own username in the text box, I bet you’d be seeing self-voting at around 25%
By now you’re probably asking, why is yours low?
It’s low because I’ve decided not to self-vote and instead distribute my votes towards my favorite content creators. I'm not saying voting for yourself is bad, you're more than welcome to use your votes on yourself as you see fit, it's your investment - I self-vote (used to) and buy votes from bots for visibility.
But what about profit? Isn’t the whole purpose of being here to make a profit?
Of course, I’m here to make a profit (and so are you) but I’m also here to help grow the platform so that everyone in the community benefits. I know most of you are only familiar with generating income through voting bots and self-voting. But what if I told you there’s a better way? One that lets you shed the shame of self-voting.
That’s where SmartSteem comes in. Instead of keeping SP for myself and self-voting, I delegated 3,700 SP to the bot which allows me to earn roughly 3 – 4.5 SBD a day (as of today's Steem/SBD value). With so little SP left after delegating to SmartSteem, there is little left for me to gain from self-voting and I would rather spend that voting power for quality content that’s not getting any traction.
You’re probably wondering by now if I’m losing profit. I’m happy to report that it’s quite the opposite. By delegating my SP, I get roughly, if not slightly more profit than I would have gained voting for my own posts. I also get the added benefit of shedding the shame of self-voting.
There’s only one negative that I can see with the delegation and that’s the 7-day waiting/cooldown period to get your SP back when you do decide to take it back – It’s done this way to prevent abuse.
What if I don’t want to delegate?
If handing your hard-earned SP to a bot is not your thing, you can sell your votes to SmartMarket instead. SmartMarket is another service offered by the SmartSteem folks. If you look at my wallet, you’ll see that I use this bot a LOT – It’s one of the best, if not the best, both on Steemit. It gives INSTANT upvote – that means if you buy the votes as soon as you post your content, you get more of the curation rewards. This feature alone makes it way better than bid bots where you’re almost guaranteed to lose profit.
What about MinnowBooster, isn’t it the same thing?
Well, yes but I still take SmartSteem/SmartMarket over it because of the extra benefits. SmartMarket has a vetted system where you can choose what level of quality posts your votes are being sold to, so you can rest easy you’re not randomly voting on spammy posts. There’s also a cashback incentive where you get some money back if you buy votes from the bot in combination of selling your votes.
The dude behind SmartSteem is @therealwolf - who is now a witness (I voted for him). You can just tell that he’s passionate about Steemit by reading some of his posts. I’ve been very happy with his product so that’s why I’m talking about here – and I also don’t recommend using anything until I myself have gotten my feet wet.
Well, my feet are wet
If Steem/SBD stays its course, I would be making a $600/month passive income on 3,700 SBD delegation.
Not bad eh?
Here’s how you join.
1. Go to SmarSteem.com
2. Click on "Login"
3. Use Steem Connect to Connect your Steemit Account. It will ask for your Steemit username and password or posting key. Enter those.
4. Once you're in, read the FAQ section. It should have everything you need to use service.
You may also want to consider being Whitelisted on the system. That way you can be sure you can get the most out votes if you want to use the bot to boost your posts.
Would you use SmartSteeem?
"Travel is fatal to prejudice, bigotry, and narrow-mindedness." - Mark Twain
All photos are taken and articles are written by Adonis Villanueva of Always Wanderlust unless otherwise stated.
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I liked smartmarket better. Nice post to learn about smartsteem and smartmarket
Amazing post @adonisabril. Appreciate your support!
It's also important to note that transfers to @smartsteem, will result in a bid to the bid-bot and transfers to @smartmarket will result in votes with a fixed value.
:)
Great job, @therealwolf. I have tried SmartSteem , and I like it. I especially like the white listing idea.
However, I have noticed that the process takes too long and that there are so many people in the pending list. What is the problem?
Too many people applying and there's not enough reviewers.
Then, maybe they should ask for help. The white listing feature is what distinguishes SmartSteem.
Keep the fire going :)
Ahh nice, didn't know they existed, I wonder if these bots are good for Steem's ecosystem
I stopped self voting all together. I'd rather give my tiny vote to others if I can. One day i'll have enough to delegate big sums like that :)
Once I saw that I was self-voting 1/4th of the time, I had to find another way lol
Is it worth doing with even tiny SP?
You will get paid SBD/Steem so yeah.
I don't post enough to benefit from self-voting and I don't upvote my comments, lol!!! I don't understand how delegation leads to more rewards tho. The one receiving the delegation gets the rewards from what I understand, so not likin' that.
You get paid 95% of the profit from the bot. Straight to your wallet.
Thank you, @adonisabril for the inspiring experience. Yet, do you see a big difference between self voting and selling your vote?!
Selling your votes seems to be self voting in disguise.
Of course, delegation to curation projects like @Curie is different. Doing that would really be beneficial to the whole platform.
I delegate to #travelfeed and I manually vote content as well...but wait, you're saying delegate all my SP and get nothing in return? Hate to break it to you but I'm here to grow my account, I'm not some whale with a million to spare and this is Platform is an "investment" platform. People are here to make money. I put my time in writing, taking photos flying halfway around the world. I produce content that I believe also benefit the platform. Do you have any idea how disheartening it is to write 1000 word essay with photos I labored to get and only get 2 cents? No? You gotta do what you gotta do without actually cheating the system - just look at all the drama going on on the trending pages.
I am not judging. I'm partly for the money too. What I'm trying to say is that we need a better way to earn money than self voting and vote selling.
Maybe, the white listing idea is a good solution, because it guarantees that your vote only goes to real content creators not abusers. Unfortunately, the review process is taking too long making it not so effective.
Yes. I agree. It's terrible. The way it is happening makes the trending page useless. I mean you don't know if the post that made it there was really good or not.
Thank you for making this easy to understand. I have been slowly dipping my little toe in the water when it comes to the "bots" on Steemit, and this has helped me to finally understand and make some sense (hopefully "cents" too). Stupid joke, sorry for that LOL
As long as it's makin cents to you it's all good :)
Great post with a great suggestion @adonisabril.
Yeah, exactly, you did a great job by stopping your self voting. I've used Smartmarket a couple of times for voting. I like their service because they give good ROI by upvoting but never knew that they also accept delegation.
I know about Minnowbooster and their services, It is good to know about Smartsteem/smartmarket service of delegation.
By the way, It looks good that you're helping steemians quality contents and also earning some profit.
The way it should be on Steemit :)
Yeah, you're right.
I was really hoping you'd self-vote this post
How about I upvote your comment and lead by example?
Even better! I'm working on getting that SP up so that my vote will mean something to you someday.
This is great I've been meaning they find the time to learn about smart Market so I like the recommendation and the introduction
Up until recently my vote wasn't worth too much but for the record I still don't care if people self vote as long as they keep some voting power to reward those that interact with them. And for that matter hopefully those that delegate don't delegate it all because they need voting power to interact with those that interact with them otherwise it's worse than the self voter perhaps
If you invest in Steem you can do whatever you want with it, self-vote or otherwise. But the whole point of the platform is engagement. More engagement more growth. Everyone benefits.
Exactamundo!!!
i was pretty ashamed just now. mine is at 39%. NO MORE.
Dayum!
Sorry. i have only been here a month. i am going to write it off as a rookie mistake and strive to be a better steemian.
LOL, no worries. There's really nothing wrong with self-voting. Everyone does it! Anybody out there on the trending pages is definitely self-voting.
i am down to 29.4% today. i feel a little better now i guess