How To Know Whether To Give Up On Steemit (When You're Hardly Making Any Money From Your Posts) by connecteconomy

View this thread on steempeak.com
· @connecteconomy · (edited)
$42.31
How To Know Whether To Give Up On Steemit (When You're Hardly Making Any Money From Your Posts)
Today I was asked if it's okay *to give up and accept that Steemit might just not be for you* when you've only been making cents on your posts.

First of all: Of course it's okay! :) 

# Steemit is indeed *not* for everyone.

But before you give up, ask yourself these four questions:

* Why are you here? Why did you join Steemit in the first place? 
* How will you know that you're successful on Steemit? 
* How much time are you ready to commit to this per day or week?
* How much time will you give to this experiment before you "give up"?

<center>![pexels-photo-104516.jpeg](https://steemitimages.com/DQmWxnbSAYhWu8Y7f9ZrQ6TUiwe78Yusp6ZYZkmnKJjnWJq/pexels-photo-104516.jpeg)</center>

# #1 Why are you here?

It's safe to say that what initially attracted us, was the money, right? I mean - none of us has been waiting for yet another social network. 

**We are here because we get financially rewarded for it.**

Depending on our economic situation, Steemit can be a life saver or a *nice-to-have*-bonus.

In either case though, it requires a lot of work. 

**If you are a natural born writer or *sharer of your art*** - be it writings, photos or videos - then this work might not feel like work to you at all. Steemit might actually feel like heaven to you!

**If you're *not* a natural and all this posting *does* feel like work**, but you're earning great money with your posts, it will still be okay. After all, you've always had to work for your money, only now you can suddenly make a lot more. Still a great deal, right? 

**However, if it *does* feel like work and you're *not* earning great rewards, you have to look at your ROI - Return On Investment.**

#### Do the rewards justify the amount of work and time you invest on Steemit?

For some Steemians the answer might be a clear No (hence, the number of [dead Steemians](http://steemit.deadfollowers.info/)). They might have done the math and noticed that their time is much better spent elsewhere.

**Doing the math is important!**

Other (very much alive) Steemians did the math, too, and noticed it's time to quit their day job, so they could invest their time fully in Steemit. It just made mathematical and economical sense to them.

But those are of course still the exception and for some of us this will never happen. We may not even want that. 

That's why the next question is very important:

# #2 How will you know that you're successful on Steemit? 

Let's imagine Harry Potter is waving his magic wand and makes you successful **NOW**. 

**POOF!!** 

You are now successful on Steemit. 

**What does that look like for you?**

* Have you quit your dayjob?
* Are you paying your rent from Steemit income?
* Have you been able to buy a new laptop or a ticket to Steemfest from your rewards here? 
* Does $100 a week mean "success" to you? 

Really **get clear on this**, because otherwise you won't know what you're actually working towards to and you'll never know if you're on track.

Okay, now that you know what you want to get out of Steemit..

# #3 How much time are you ready to commit to this per day/week?

A clear goal takes consistent action. Financial success on Steemit largely depends on your followers. The more (of the right) people follow you, the more people see your content and the more people might upvote it.

In order to gain more followers you need to engage a lot and build relationships. That means, ***investing time*** to read other people's posts, leaving (thoughtful!) comments, and possibly interacting with people in the Steemit.chat. 

If this part doesn't come easy to you, schedule it in your day or week. It will be **work**.

How much can you comfortably or realistically do? One hour a day? Two hours a week? Put it in your calendar.

And then do it :) 

# #4 How many weeks or months will you allow yourself for this experiment?

Four weeks? Three months? 

Now that you know what you want to achieve, and how much time you can spend on achieving it, give yourself a deadline. 

*"By [date x] I want to have (quit my day job, be able to pay my rent, make $100 a week, etc. See question #2).*

And on that day, do a thorough review:

* Did you achieve your goal? 
* Did you really spend the time and made the effort you committed to?
* Was the time investment worth it? 

And based on your findings you can now chose to either continue as is, adjust your approach or feel good about quitting Steemit.

It won't be "giving up" - ***it will be a conscious decision to stop***, based on data instead of Steemit-fatigue.

![pexels-photo-262550.jpeg](https://steemitimages.com/DQmVzQ7uoN4SKBAZY8nSSX4DggYKdMYEfnh91bemwUKomRS/pexels-photo-262550.jpeg)
# What does success on Steemit mean to me?

I am here to earn money for investments. 

I do my posts 50/50, so 50% are automatically invested in Steem, and the other 50% I send to Bittrex to invest in other coins.

**If I can send $50 a month to Bittrex, I'm happy.** It means that I get to invest approximately $100 per month in my financial future, *that don't come out of my own pocket*.

I've been on Steemit for a little over three months and I've actually taken out more than $300 so far. So I've been making double what I hoped for. 

Knowing this, helps me get over the articles that only made $0.30 or so. **It gives me perspective.** 

It's easy to get discouraged by those small amounts, but when you remember the big picture - your overall goal and reason for being here - those tiny amounts might not matter, because you're achieving your goal anyway. 

If I wouldn't achieve my goal, I would have to *do more* and *work harder*. 

One way I could work harder is to engage with people on the Steemit.chat. That would really feel like work to me, because I am already overwhelmed with all the communication tools I use in my daily life. But I would do it, in order to achieve my goal. 

But as long as I know I am on track with achieving my monthly goals, I can just continue doing things the way I do. 

Writing comes pretty easily and spontaneously to me (e.g. I had no idea this morning that I was going to publish this (or any) post this afternoon). So it doesn't really feel like work to me. I also love engaging with others here in the comments. So to me, the ROI - the math - makes sense and feels good. 

I hope this has been helpful! 

Onwards,
![Anja Signature Blue.jpg](https://steemitimages.com/DQmVUpjJqjDFDu8jV6Po3P5NMeKnUwxLLtoH4DfCG9ab5t3/Anja%20Signature%20Blue.jpg)




***
<center>***Hi, Iā€™m Anja :)***
I write mostly for women entrepreneurs and support them in managing their money and their business. I create [tutorials for newbies](https://www.fiverr.com/aniinl) in the crypto (and Steemit) space and am currently building the [Conscious Crypto Community](http://anjaschuetz.net/crypto-what).
You can also find me in the [Women of Dash group on Slack](https://dash-nation-invite.herokuapp.com/).</center>
šŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 17 others
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@deadpresident ·
This is a nice "feel good" post. I found it to be therapeutic. Lol
šŸ‘  
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@connecteconomy ·
Coming from a dead president that's a huge compliment, LOL
šŸ‘  
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@ben-mph ·
I appreciate the thoughtfulness of your post. As someone just starting out on Steemit, it's helpful advice to think about setting goals and evaluating my progress as I go along.
šŸ‘  
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@connecteconomy ·
Thanks @ben-mph :)
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@cobalus ·
I'm still not able to define success on Steemit for myself... Really a tough question :/

I just wanted to look what Steemit offers and if I enjoy it, but I never had a real goal :D
šŸ‘  
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@connecteconomy ·
That means it's working for you, so far. As long we enjoy something, we don't question it. 
I didn't have any expectation in the beginning either. But after some really good earnings and some super low ones, I now have a clearer picture and know what I can realistically *give to* and *expect back* from this site.
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@gtg ·
$0.02
> _"It's safe to say that we're all here for the money, right?"_

Not really. When I recommend Steem to friends I'm avoiding that aspect. It's awesome platform like no other and has a lot of great features. Right, rewards too, but it's a lot healthier to treat them like a nice side effect of being here.
In most cases it's about getting some rewards vs no rewards.
Most of us, including me, are not and would not be great content creators. Most of us wouldn't pay their bills by posting their blogs here.
But that's ok.
I'm fine with posting something from time to time, reading and rewarding good content (like yours) and looking at this platform's growth. :-)
šŸ‘  ,
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@connecteconomy ·
$0.10
Thank you, @gtg. It sounds like I've been generalising... :) Thanks for pointing that out!
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@amanjain2k ·
Nice post I just need that.
šŸ‘  
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@connecteconomy ·
Thanks @amanjain2k!
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@erickpinos · (edited)
It's unfortunate that too many people get caught up in the rewards and view Steemit solely for monetization. We see a few people make tons off of every post and suddenly expect to do the same. It's no easier to become rich off of Steemit than it is becoming rich off of YouTube. Steemit isn't meant to make you enough returns than you can quit your job (even if it has done that for some people). it's about the belief that a social network's value comes entirely from the people that use it and thus those people should share in the financial rewards, not just the social network's shareholders. Everyone who contributed to make the platform what it is should be treated a shareholder.

Then again, the rewards aspect is Steemit's largest draw. It's even what brought me to Steemit initially, until I learned there was so much more to it than that. If it were up to me though, you would see the Upvotes button display in STEEM, not in SBD.
šŸ‘  
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@connecteconomy ·
Thank you @erickpinos - your comment and @gtg's comment made me adjust that one sentence a tiny bit. The financial rewards may be what drew us here in the first place, but I admit, what keeps some people here longterm may be something other than those rewards. What I wrote is true for many people, but it may not be true for *ALL*. So, thank you for your comment!
šŸ‘  
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@erickpinos ·
Thank you for the post! Of course, everyone want to make money on here. But my vision for the future of Steemit is a decentralized social network that I can use instead of Medium or Facebook to read articles and chat with my friends, all the while earning rewards for our content as a nice bonus.
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@playfulfoodie ·
$0.47
I love this article! It really makes you think about your time spend on Steemit. Even though I feel like I'm standing still here, reading your own goals put things into perspective for me and made me think that there are definitely worse ways to spend my time online! I won't quit Steemit, but I might have to cut back on my hours spend here a bit :-)
šŸ‘  , ,
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@connecteconomy ·
$0.02
Well, looking at what you have accomplished already, and most of all your consistency in posting - you don't look like you're standing still to me at all. But I know it might feel different to you. Still, well done! :)
šŸ‘  
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@playfulfoodie ·
Aww thank you! Yeah, I might not be standing still completely, but looking at the time I spend here and the ROI, it's a bit hard to justify my time spend. But hey, it's better than writing for free on a Wordpress blog, so I'm sticking it out here and I'll just try to keep building up my followers and online presence :-)
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@redhens ·
This post is excellent -- and so timely for me! I've spent a lot of time recently trying to decide how I want to focus my time and energy as a writer, and I have to admit that part of that was spent questioning whether Steemit was worth it. But after going through the same questions you've listed above, I've decided it is.

That said, I don't think anyone should feel guilty about changing or giving up on goals if they no longer feel like those goals are right for them -- https://steemit.com/writing/@redhens/is-it-ever-okay-to-give-up-on-a-goal.
šŸ‘  
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@connecteconomy ·
I agree! We are constantly evolving and sticking to a goal that doesn't "fit" us anymore, won't do us any good, and stop us from doing better elsewhere. Thank you @redhens!
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@younes31 ·
# this is amazing 
**thank you !!**
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@connecteconomy ·
## Thank you :)
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@steemitboard ·
Congratulations @connecteconomy! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/posts.png)](http://steemitboard.com/@connecteconomy) Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)

If you no longer want to receive notifications, reply to this comment with the word `STOP`

> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
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@cryptogeyser ·
In my opinion, if you enjoy what are you doing, you will achieve whatever you want, but I also think that if people come here just to earn money they will fail so hard, just because they don't enjoy his work. Also this is like almost everything in life, you need to work and work and work and step by step you will earn more money, nobody came here and became rich in a few days...

Good post btw :)
šŸ‘  
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@connecteconomy ·
Yep, so the best combination ist to enJOY it *and* make money, so it doesn't feel like work at all :)
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@stellabelle ·
$0.85
I read this on Twitter, and I really enjoyed the blunt style. You're very pragmatic and helpful to noobs!
šŸ‘  ,
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@connecteconomy ·
Thanks dear! How are you? I feel a bit out of touch with you for some reason. Must be holiday season ;)
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@stellabelle ·
I've been focusing on Steem projects lately, and there are so many of them. Have you entered my Steemfest2 Giveaway contest yet? You have 2 weeks left.
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@bobbyboe ·
Nice post...  
I think, even if I am not aware exactly what income I expect from Steemit, my method could be to test it for some time... if all together its fun and successful good...if not  I will automatically invest less time :-)
šŸ‘  
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@connecteconomy ·
Exactly! :)
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@genova ·
 
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@hilarski ·
$0.09
Pareto's Principle is always in effect. Resteemed
šŸ‘  , ,
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@finnian ·
I'll admit that I had to Google this.  I've heard of the 80/20 rule, but I've not heard it called Pareto's Principle.  Shame on the people who do not give him credit for his work!  ;-)
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@connecteconomy ·
Good point! Thanks for the resteem! :)
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@thedamus ·
Great post! Steemit has got me writing again, which is an amazing reward all by itself :)
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@connecteconomy ·
Oh yes, I've heard that from others, too! Amazing side effect :)
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@ministerofheat ·
$0.39
Great post it really puts STEEMIT into perspective for those that are just starting out.
šŸ‘  , , , , , , , , , , , , ,
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@connecteconomy ·
Thank you! :)
šŸ‘  
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@wakeupsheeps ·
Very practical advice for  new steemians.  How can you get frustrated with your progress if you set no goals?
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@garudi · (edited)
My wishing an in attempt ferrars. Visited eat you why service looking engaged. At place no walls hopes rooms fully in. Roof hope shy tore leaf joy paid boy. Noisier out brought entered detract because sitting sir. Fat put occasion rendered off humanity has.
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@connecteconomy ·
Hey @garudi, already 40 followers, congratulations! We all started with zero, I know how it feels! Enthusiasm and consistent engagement is the key, in my experience.
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@hungrylandshark ·
$0.38
This is a great analysis of the economic, or income earning, potential of using Steemit. I initially joined Steemit because I was told that I could earn money for my posts and comments, and I figured I'd give it a shot.

But after being here for a couple weeks, I learned that, to me, Steemit is more about the community than the money. Sure, there are other sites for specific research, but if I'm looking to scroll up and down a social network with no real objective, I seem to usually learn more doing so on Steemit than other social networks I'm on, many of which have unfortunately devolved into a constant barrage of half-understood politics and meaningless arguments.

I think the indirect benefits of Steem's payouts outweigh the direct benefits that are the payments themselves. If somebody wants to get paid, they need upvotes, and therefore are more likely to contribute something meaningful.  The "trolls" will quickly get bored here because they won't be making any money.  Along with the curation process, we have a good system of organizing content and making sure that the good posts get more exposure than the bad ones.  I think this is what really makes Steemit special.
šŸ‘  , , , , , , , , , ,
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@connecteconomy ·
Thank you @hungrylandshark, the learning & education factor is actually a really good point! Like you, I'm learning a lot more here than on other social networks. Thank you!
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@finnian · (edited)
Thanks for the quality and well written post!

Last year I reserved my account, but I didn't get active here until I was completely fed up with the censorship, jail, and content filtering of other social networks I won't name.  Shame on them.

I'm not here for the financial benefit either, but it certainly helps to be paid for our content.  My main objective is to fill the residential security and private investigator niches that seem empty at the moment.

While doing that, I will be using my skills and expertise to further individual liberty.  That's my life long objective as a _Liberty Professional_.

Steemit is an ideal place to write about my passions, and by writing about them I'll help further liberty.  It's a win no matter how much I get paid.

I would rather have 5,000 liberty loving minnows as followers too than a single statist whale! :)
šŸ‘  
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@connecteconomy ·
Thank you @finnian! I love that I'm getting to read everyone's goals and reasons for being here! Thanks for sharing!
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@finnian ·
Thanks for @hilarski too for resteeming your post, or I would never have found you. ;-)
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@thelifeofbrian ·
$0.11
well I make no money from steemit to speak of but that is not why I am here.... this is why I am here 

https://steemit.com/real/@thelifeofbrian/homeless-in-canada  

to say things like this .... If I make one person aware I feel I am successful ..if its a hundred I will sleep well weather I make a penny or not ...which is the value of my vote lol
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@connecteconomy ·
So you've figured it out! You know what success means to you here, and that's all that's needed :)
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@luzcypher ·
Very well written posts with some helpful insights.

The only point I think differently about it equating ROI with time spent on Steemit. The rewards are delayed with respect to the effort put into Steemit so it is not linear therefore hard to determine you return on investment based on the time spent writing. 

Of course, for those who invest money ROI is easy to track.

There are a [few other factors to consider](https://steemit.com/steemit/@luzcypher/what-skills-do-you-need-to-succeed-on-steemit) as well you may be interested in.

Still, a very interesting read. Thanks
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@connecteconomy ·
I agree, however since time is such a limited commodity I believe it's good to set a deadline or milestones at which you review and check in with yourself to see if the time is well spent here. 
You may think so even tough you haven't made your financial goal. You may simply enjoy yourself, which is a great reason. As long as it's a conscious decision.
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@tunnelrat ·
Great article, Anja. Breaking it down to your "why". I don't remember if it was Brian Tracy, Les Brown, Zig Ziglar or one of the other personal development coaches I've studied that really went into this. Discovering our why, the reason we want something at a core level helps to clarify our vision and guide our goals.

I'm invested in Steemit to cultivate rewarding relationships, create useful and informative content and gradually increase my financial rewards. (Much like a profession, with better opportunity).
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@connecteconomy ·
$0.05
They probably all said it ;) I'm familiar with them, too. Though Simon Sinek is probably the one who's been saying it loudest during the recent years ;) 

Yes, I see Steemit as a business. The moment you join, you're an entrepreneur in a way (if you're not one already). Thanks, @tunnelrat! Nice to meet you! :)
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@tunnelrat ·
Well met. :) I'll be looking for more of your posts in the future.
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@houseofren ·
Thank you for this post Anja @connecteconomy!  I've been having these thoughts the last few weeks about why I'm on Steem.  I now understand that Steem will be something I do actively every day, but also use this to make smaller investments on my exchanges.  

Again, thank you for this post!
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@connecteconomy ·
Happy it helped! :) Thanks for your comment!
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@houseofren ·
Welcome, followed too!  =)
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@prakashghai ·
Thats an interesting take

and Getting some SBD to other ALTS is a good idea !
šŸ‘  
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@olgy-art ·
Great post and advices! Thanks a lot for sharing. With your help some moments have cleared for me now.
šŸ‘  
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@islandliving · (edited)
I enjoy Steemit.  The pay is an appreciation of how much folks enjoy my post.  I put out short, funny with beautiful photos of where I live.  I do not.  I do not rely on Steemit for income.  It is a pleasure to share.  It is a pleasure to be minimally rewarded for what I share.  I fund my account, not bitching why I don't get paid.  

That's all. Aloha!
šŸ‘  
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@connecteconomy ·
Mahalo :)
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@gtittex ·
 
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@lcerm ·
Thank you for this post.  I am a relative newbi as I started Steem in May.   As a teacher, I had my summer to spend plenty of time on posts.  Lately, like the last month or so, my time is very limited as I am focusing on my school work.  I find that I can only post on the week-ends now.  However, I do find that I am putting more work and effort into the posts.  Quality vs Quantity.  Yes, I have thought of giving this up but your post has given me inspiration to keep on going.  Thank you so much!
šŸ‘  ,
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@connecteconomy ·
Thank you, @lcerm!
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@bolognesa ·
$1.09
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@felander ·
$0.99
you correctly point out that everything is a matter of perspective and what you want to get out of it...
i am still in the beginning phase but got to about 20 steem in 2 weeks which was reasonable to me and the fact that it just grows faster the more you have also helps
I guess once i get out of this happy new phase and no longer see just the shiny lights and the big city then I will have to consider what I want but until then im going with the flow, posting and commenting and just generally having a good time

STEEM ON (or not)
šŸ‘  , ,
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@connecteconomy ·
Yep, as long as you feel in the flow and enJOY yourself, there's no reason to question anything! Thanks for your comment :)
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@rev.lav ·
 
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@lexiconical ·
It's nice to see a frank discussion from a game-theory (RoI) perspective. I agree with your thoughts. Thanks!
šŸ‘  
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@connecteconomy ·
Thanks @lexiconical!
šŸ‘  
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@genova ·
 
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@la-frengo ·
 
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@charity-aceh ·
i wanna quit for a while then come back again after i have some to post on this addict platform
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@mammasitta ·
Word up !!!
šŸ‘  
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@mrazi ·
steady
šŸ‘  
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@splendorhub ·
Great post. I have been spending a alot of time on steemit lately. Shooting for the moon aiming for the stars. Best wishes :)
 @splendorhub
šŸ‘  
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