RE: How to get 40% to 50% ROI on Steemit - Fast Track for beginners
You have a lot of things wrong.
Since you are new let me shed some light on it.
You have spent a total of 161 SBD on Bots to Promote this Post and right now your Potential Payout stands at 287 USD.
Let's assume after 7 Days you get upto 300 USD in Payout for this Post. The first thing that will happen is that a 25% Curation Reward will be cut of the total Payout. So you are left with 225 USD which will then be divided into 125 SBD and 46.3 SP according to current STEEM rate.
So alas you are spending 161 SBD to get back 125 SBD and 46.3 SP that too assuming your Post reaches a 300 USD payout.
You can say that the SP (which is locked by the way)is your Profit but there won't be any Liquid Cash for you to withdraw. So I don't see how you are going to rack in 40-50% ROI.
I feel Steemit is not a Come in get Rich Platform you need to get Involved in it and be Consistent with Good Posts.
Don't get me wrong there are ways to get your ROI quick but that involves Bidding sensibly rather than just Blindly.
I was looking for this replay, you are totally right on this one. Bid bots profits are always on SP, that means you are gonna end up without liquid in long terms.
Currently I use Bid bots too but I only use around 3-5 SBD to boost my Post to the Hot Page. As for my profits, I am more than happy to get it in SteemPower as I am not looking to Get in Get rich Get out Policy.
I am here for the long run.
I used to promote with bots too, 3 to 5 and a couple of times 10 SBD max, and just one bot, to give that little post. I thinks the same as you, steemit is for long term mind, I love to se my SP grow :)
It's been less than a day but it hasn't reached 300. So far, this post is losing. By avoiding bots you at least don't lose any money.
Hi, I like the way you put it. You are right, at this time I am losing money, but we need to wait for payout day to calculate the finale... And thanks for monitoring and looking out for me. As for "By avoiding bots you at least don't lose any money." I like to see my cup half full - some people like to see it half empty. Just a matter of preference..
@simply-me you got flagged, buddy your reward came down from 287 USD to 260 USD.
By the way, I like your Half Full View.
Then again I would suggest you Bid Sensibly. Don't Bid so much just Bid around 10-25 SBD on a single Post that should be more than enough to give your post ample Visibility.
Yes, I am aware that I got flagged & I know who flagged me too. Thank you for highlighting . I expected this to happen, but I was hoping someone would not do it . A few people with quite big Steem Powers flagged this post. Either they are really disgusted with me for using & higlighting the possible benefit of the bidbots or they just want to shut me up. If the ROI for this post is below that of the last post or worst still if it results in a loss, then, I might stop using bidbots. I am new in this game. I have a lot to learn. I feel like an opposition leader in a country with a powerful dictator (& his cronies) who can do what they like & get away with it while the rest of us have to follow the rules.
With all due respect, you could be right. Or not. Some bots allow to upvote from the first second the post is published, so there is no 75-25% split, all the reward goes to the author. On the other hand, as people use bots without understanding the how to, most of them lose as in most cases the ROI is negative (some of them promise a max loss of 10%). One last thing, there are bots with max ROI as well, they call it capped. Last thing, you can not earn big without working, you can't place a bid of 1000 SBD if the vote power is 500, you'll lose your shirt, and so you need many posts a day.
Agree with what you say and yes, you cannot use the bot blindly, need to do some work. The free money is really not so free afterall.. lol
That is why Steembottracker is for. Bid Bots are here to help you should use it but do it sensibly.
I use Bots too no denying it but I only use one to two bots which would give my post sufficient Boost to land my Post on the Hot Page and then if someone likes my Posts I get a bit more out of it.
thats a nice post
Thanks for responding. I will write a follow up of this post after 7vdays & we will see the ROI for this case.. & maybe for the 3 trending post mentioned here too.
Yes, I would love that.
What I said above is Theoretical as I have never boosted any of my Post so much so I would love to know the Results.
I think you are wrong. As the post can push up to trending page, many people will vote it blindly. As a result the value after 7 days will highly higher than $300. Sometimes if you are lucky, you can go to $600 or up.
I have do some research for people who are using shit content and bidbot to earn money. You can check my result here.
https://steemit.com/cn/@linuslee0216/spammers-are-using-bid-bots-to-earn-extra-160-sbd-with-every-shit-post-160
The main ROI is come from the people's blindly upvote in trending page. It is non-sense if you ignore it.
Yes, there will be People Upvoting Trending Posts Blindly but those will be just Newbies with very less SteemPower which wouldn't make that significant of a difference.
Plus being in the Trending Page gets you a lot of Eyes even Eyes that would Flag your Post if the Post is not appropriate.
that's true. I got quite a number of flags for this post. i feel like an opposition leader in a country with a strong dictator & his cronies. lollll