Beginners guide to earn more profit in Steemit using SMARTSTEEM & Bid-Bot
Steemit is one the best platforms i have used and i have been using it for the past 5 months and i'm so glad to have found this platform. I would like to share some key tips and tricks which i have learnt so far. Before getting into details, i would like to start off with basics so that it will be easier for a beginner to understand. But do not worry, i would keep it simple and promise not to drag.
Rewards mechanism available in Steemit
If you are in Steemit, then most probably you would be knowing about the rewarding mechanisms available in Steemit Platform which are:
(1) Author rewards
Creating good content will earn you more upvotes and the upvotes gets you Steem Power and Steem Dollars based on the curator's account value and voting power.
(2) Curation rewards
Identify good posts and upvote them and it will get your Steem Power.
Eg. If you upvote at 15 mins after the article is posted then 50% share goes to author and 50% goes to the curator.
What is SMARTSTEEM
SMARTSTEEM is a service which provides the ability to buy upvotes and also to sell them. But one needs to be whitelisted before you can use these services. In the process of Whitelist, one's profile will be reviewed by their moderators and a rating will be assigned based on the quality content they have provided in the past. Once you get whitelisted, you can either buy upvote to give your post a boost or you can sell your upvotes for profit.
How to register and get whitelisted for SMARTSTEEM?
Please follow the below step to get whitelisted:
(1) Go to link https://smartsteem.com/
(2) Click the login icon in the top right corner
(3) Next step is to authorize SMARTSTEEM to verify your steemit account using steemconnect.
(4) It is safe to provide your posting key or password so don't worry. Anyways this authorization is also need by SMARTSTEEM in order to vote on your behalf (ie., which is required to earn money from selling your vote)
(5) Once you login you will see a button 'Get whitelisted'. Click 'Get Whitelisted'. (i dont have a screenshot of it since i'm already whitelisted)
(6) You will be asked two questions. Answer needs to be true and convincing, else your request could be rejected. So fill out the box for Why do you want to join? with a reasonable response and also choose the category which describes you the best. (eg: Blogger)
Once your application is submitted it may take up to one week so please be patient. And you can check the status in their webpage by clicking on the pending list.
Once you are whitelisted you will be able to buy or sell your upvote.
How to buy Upvote?
Once you written a post, copy the url link of your post and do the following:
(1) Go to Wallet and click transfer on your SBD dropdown
(2) Mention smartsteem in To section and enter the SBD you want to transfer and paste the URL in the memo section. Below is a sample of how it should look.
You will receive vote between 2x to 2.5x the amount you send. And if suitable voters are not found then your money will be returned like below.
How to sell your Upvote?
Many days we do get busy and it is very much possible that our votes get wasted. This feature of SMARTSTEEM provides the ability to upvote a post on your behalf and you will be earn 85% of the profit. This is a really cool feature and i like it better than delegating steem power to someone. Here is how you can sell your upvote and earn from it.
(1) Click on Sell upvote in the top section of SMARTSTEEM
(2) It will open up a page like the one below and adjust the options based on your preference.
Additional Tips and Tricks
- SMARTSTEEM is more rewarding than other bit based bots since SMARTSTEEM provides immediate votes compared to the delays in Bid-Bots.
- Use SMARTSTEEM to buy your votes within the first 15 mins of the post to gain more author rewards
- Use Bid-Bots ( https://steembottracker.com/ ) for additional profits
Reference: https://smartsteem.com
Hello, sorry for the late replied I am just seeing this post
You say:
Is this totally true 100%? So the person will not lose money like with the other bid bots?
yes it is true that u get a minimum of 2x. but there are certain factors which may affect the value like i explained in the post.
eg: lets say i put in use 20 SBD to buy votes in smartsteem within the first few mins of the post. then i wil get 40 SBD vote value.
Now lets say that the SBD market value did not change for the next seven days. then payout wil be 40 SBD which wil be split as 20 SBD and 6 SP. So here 6 SP is my profit
but if the SBD value drops in the next 7 days then payout wil reduce too and may end up in loss too.
But if the SBD value is raising in the next 7 days then you payout wil increase too.
It is again a gamble. But you can always earn profit from selling your vote which is a cool feature.
Hope i explained to my best @dedicatedguy
Thanks man. Does this bot accept steem or only sbd?
smartmarket accepts both steem n sbd
I have seen some people receive "automatic sbd payout" from smartsteem, do you know how that works?
that is sell upvote feature. your earning gets accumulated and gets send to you as automatic sbd payout. with this feature you wil definitely be in profit
what an amazing post, are your post benifts the new users on steemit, as You know that the new users has small vote power?
ALSO is this bot will vote just the content of the people you following ?
Thank you for your comment @wealthydrop . Smartsteem is a service run by a different team altogether and has nothing to do with me as im just a whitelisted person in smartsteem. In order to request for getting whitlisted, i guess your reputation needs to be atleast 27
Tnx for sharing great post. I just upvoted
Check out my new post
UPVOTE COMMENT RESTEEM @gclipse
thank you @gclipse. you sure have a unique collection of posts
I have heard about @SmartSteem but yet to try or use it for any of my posts. Still learning and observing the Steemit community. Thank you @ramsteem for this reminder.
Thank you @stojay007 . I have been using it for little more than 2 months now and hope you find a similar experience with @smartsteem.
Keep the good work going
thank you @healthymind
Buying votes and using bid bots is very hard, there are whales even using there money to push around these bots. I am not sure about your platform, but usually when buying a vote or bidding, you always get less then what you put in.
with Bit bots it is possible that you end up getting less than what you put in since the voting is done in around 1 hr which increases the curation share. If you manage to get the vote in less than 15 mins, you will end up getting more than what you put in.
I read in another publication that it is not convenient to give our publication code to anyone or any site, as it could harm our account. Our post could be modified for example.
it is true that we should not give away our posting key . Even i was little uncomfortable to use it initially. But since steemconnect has been widely used in various applications like https://streemian.com , i took a leap of faith and i have had a pleasant experience so far.
This post has received a 0.24 % upvote from @drotto thanks to: @banjo.
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STOPI use smartmarket to buy small upvotes (of good quality posts) but never applied for the whitelist.
that is strange. not sure if anything changed recently but as far as i know buying and selling upvotes was not possible unless you get whitelisted.