How to get 40% to 50% ROI on Steemit - Fast Track for beginners
Hi there. If you are a beginner on Steemit & you came here because you were looking to make money (or looking for a high return on your investment - like me), then listen up. This is a crash course and I am going to show you how to do it and show you some evidence that it is possible . It may not be sustainable but for now, this is what it is.
![](https://steemitimages.com/DQmWtSrY8VRNbRiKYfi9oaWVL2fHPCLn4ttqQLRLi7RCaqn/image.png)
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmaKXGDxZ6nutHxKbHcbp3RiuLGqg4KKPij4hFkT99MxAn/image.png)
At the time of writing , I have been on Steemit for about 2 weeks. I have already done 2 trials regarding this ROI thingi. And then, I have monitored so many trending posts & I finally concluded that the fastest way to make 40% to 50% return on your investment is to use the bid-bots. There is a lot of discussions on whether bid-bots are ethical or not, sustainable or not, etc, etc, etc. But the same people who criticize & judge others for using the bid-bots are using them for their own benefits.
Some people are really against these bots & are claiming that the bots are bad for steemit. I don’t have anything to say on this matter but one thing I still couldn’t figure out is this: if it is bad, why allow someone to build/code their bots in the first place? So now that the bots are here & they are offering their services, I personally am not going to miss out and just sit by and watch other people profit from this & whine about how immoral they are. Why should I try to be moral & judgemental, while others are moving on making the best of what is available to them to increase returns on their investments. That's just my viewpoint. Everyone is entitled to their own.
So, out of the 2 trials I did with the usage of bid-bots, here’s the result for 1 of them:
I spent 65 Steem & 46 SBD on the bid-bots & after 7 days, I got 119 SBD & 45 SP.
This translated to 47% ROI over 7 days. So, if you write 1 article a day & spend 100 SBD on bid-bots, with a return of 47%, you get 47 SBD each day, & that translates to around 1400 SBD per month. And you only need 700 SBD to start with, because after 7 days, the payouts started to come in and if you don't take a break, everyday after that, you will get a payout. But not me, I can't write everyday - my brain will totally burn out.
So, in essence, for the month, you make 1400 SBD on an initial investment of 700SBD, that is a staggering 100% ROI.
Of course for the second month, you can increase your investment, you may increase the amount to 200 SBD per article on the bid-bots. Assuming the same ROI, this month, you would get 2800 SBD.
You can continue to do this & continue to increase your investment but there is a limit to the amount that you can bid, so you really have to manage this quite closely.
Use Steem Upvote Bot Tracker to find the best bot to use. Be sure to check on the ROI of the bot before you put in your bids. If you are not sure how to use this, there are plenty of videos & posts on how to maximise your returns using this tracker. Its one of the most useful tools that I found since I started steemit.
Here's the link:
https://steembottracker.com/
At the time of writing this, below are the top 4 trending posts (please note that I will be posting this much later, so different post might be trending then):
Post No. 1: $457 from bidbots, after 4 hours upvote value is at $505.59 - already earning 10% ROI
Post 2: I didn’t see any comments from transparencybot, so I don’t have any evidence that he used bidbots. But I am new here, so I am sure there are plenty of ways to “promote” ones post which I haven’t discovered. Also, I could check his wallet activity if I really wanted to, to see if he made any big payment to anyone to promote his post. But I did not do that. Or maybe, he is really popular, I could have checked that too but I didn't.
Post 3: $716 from bidbots, after 1 day, upvote value is $785.26, ROI = 9.6% after a day
Post 4: $500 from bidbots, after 19 hours, upvote value is $549.88, ROI is about 10%
This high return is possible only if you choose the bot with a good ROI.
If you are keen, you could monitor these post after 7 days, & see the payout amount, then you can calculate the % of ROI after 7 days, this would be more definitive as the payout would have been made. My guess is that the ROI would be around 40 to 50 % or maybe even more. (If I am up to it by then, I will make a follow-up to this post to report on the ROI for the above 3 cases that used bidbots)
Also, above is the easiest way to find out the ROI, it is rather an estimate more so than actual. If you really want to do a study, you can even check the wallet activity of a steemian. (I think this should be private but right now, it is open to all, you can see other's account detail just like your own - can't do anything - just can see)
I commented on someone who was already raking it in after using the bots & here's what he replied to me:
So in summary, here’s what to do:
- Write a good & original post worthy of the steemit community & post it.
- Head on to https://steembottracker.com/
- Choose the bots with high ROI.
This is an edit: It is not enough to choose the bot with high ROI, it is important that the Current ROI is high - see picture:
I will be posting a follow up on this & will make the link available here, once I am done.
Bid & Pay with SBD or SP
Watch your post & engage with people here.
Calculate your ROI after payout & enjoy!
Warning: your ROI may not necessarily be 40 - 50 %. Mine was. Yours could be any number. This is not an exact science/maths. Do your own research & experiments & decide for yourself. I just help you to be aware of the bidbots. Please use the bidbots wisely. Do not abuse the bots & please please do not spam. Be responsible.
Other ways to earn at Steemit: ( It seems you can earn about 25% APR)
- Delegate your SP
- Sell your votes
You can do this at:
Good luck.
And if you are asking if I am using bidbots for this post, you bet I AM!!!! I must be stupid not to!
You forgot to warn people that sending money to buy votes from irresponsible non-GrumpyCompliant services will get you flagged by @Grumpycat & al.
Some bots are acting irresponsibly by selling votes on posts very close to final payout. These votes are sneaky, not promotion and are most of the time placed on low value content.
Sending money to these bots is also financially supporting for-profit only posters (spammers).
To know what voting bot to use, refer to https://steembottracker.com/ and use those that have 3.5 day or less in the "Max Age" column.
@sneaky-ninja (by @michaeldavid) is reporting 6 day but is actually selling votes up until 6.4 days.
Important warning, since @sneaky-ninja has made no effort to comply in more than 3 months, it's vote will still be countered even should he improve his Max Age setting.
Learn more, learn even more...
Thanks to shedlight this caution !
👍🏼
Just great
Thank you for this information. The research continues
@simply-me what you are teaching is so called reward rapping and bid bot abuse you should be downvoted or unvoted
You're probably right but new people on Steemit should know this. I was new not too long ago and I was looking at the trending page and one shitty post with $500 value really made me mad. So, I researched and found that the culprit was bidbot. I think new people should know this.....only bigger evil can defeat evil.. Good can't defeat evil. My 13 year old daughter told me that she was so angry that this annoying boy in her class got away with all the nasty things that he does. Then she went on to say that someone created the idea of hell to pacify themselves because they could not do anything about the bad people around them and these bad people seems to be getting away with all their bad doings. I know it's not related but it just crossed my mind.
Good am Boss.
I Support your Commentary.👍
I tried Joining your group on Facebook..
Please can you leave a Note, so I use in Contacting you.
Hi, I don't use Facebook but you can email me at puregeniusmy@gmail.com
Wish Steemit last forever
I think the best thing to do is make a valuable blog. A post that is making sense and adds value to the reader and use bid bots to make it visible to all. Personally, I am reading almost all thr trending blog posted on Steemit and think to myself there is a value on the blog why it has to become on trending page. If we continue to sdd value to the reader many more people will share and read our blog even with less bid bots. I appreciate your tips. I admit this blog is valuable one. Great post
Thank you for the kind words. I upvoted
Still waiting the ROI follow up ... hope it works for you :)
Hi @josteem, payout is in 10 hours. It doesn't look as good but will definitely write an update.. In the meantime, please check out my other post on more bidbots issues - how to use the bidbots wisely to ensure positive returns for everyone onboard. https://steemit.com/steemit/@simply-me/how-to-use-the-bidbots-wisely-to-ensure-positive-roi-for-all-it-s-all-in-your-hand-but-you-need-to-know-how
Hi @josteem, this is my follow up post regarding the result. https://steemit.com/steemit/@simply-me/negative-roi-after-using-bidbots
nice farming methods, i personally prefer minnowbooster, passive income ftw
Great alternative - I like minnowbooster too. Infact, when I am done trying and get tired of it all, I will just go with minnowbooster and smartsteem
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
but do you have the option to choose timing for your voted bots to vote for you? I never knew, and would like to learn this as it seems the sensitive part others here referred to !
not really, you don't get to choose the timing. You can do some timing calculation if you like but you don't really have much control on the timing. Once you place your bid, there's not much you can do...
But is there any preferable time window after you already posted your post , to start placing your bid?
Use the bot tracker https://steembottracker.com/ & monitor from there. Go to "Actions" tab in orange & click on details. The ROI changes as more people put their bids in. As a matter of fact, I think there is some windows where it is profitable, I think when less people are bidding and this is usually when the US is sleeping. Just my guess but at the time of writing this, there are not many profitable bots out there. Oh & by the way, there is a min & max age for the post defined by the bots, usually from 0 mins for some bots & 20 mins for others till a max of about 3 days or so, mostly.
Thanks for your useful reply @simply-me
This post, with over $50.00 in bidbot payouts, has received votes from the following:
promobot payout in the amount of $93 USD.
boomerang payout in the amount of $37 USD.
jerrybanfield payout in the amount of $36 USD.
booster payout in the amount of $19 USD.
smartsteem payout in the amount of $19 USD.
appreciator payout in the amount of $18 USD.
rocky1 payout in the amount of $18 USD.
mercurybot payout in the amount of $18 USD.
therising payout in the amount of $17 USD.
upme payout in the amount of $13 USD.
estabond payout in the amount of $10 USD.
pushup payout in the amount of $2 USD.
For a total calculated bidbot upvote value in the amount of $299 USD.
This information is being presented in the interest of transparency on our platform @simply-me and is by no means a judgement of your work.
Hello @simply-me .I believe the best way to earn on steemit as a beginner apart from using voting bots is to rent steempower and sell your votes to smartsteem.
Do you have any experience with this? I tried it out myself and came up with less than I initially put in, any advice?
What do you mean by less than what you initially put in?
Thanks. Am doing that too. At a smaller scale, like 100 SP each.