"Come In And Get Rich" - Myth And Reality About Steemit's Identity

in #growth-ideas8 years ago (edited)

The current wave of user subscriptions on steemit is providing some really interesting information about the platform's potential.

According to @stephenkendal ´s recent post about the The Last 8 Days there have been 809 new steemit user accounts registered per day. That's quite a lot!

Reason enough to ask: Are these people finding what they are looking for?

The Expectations

During the past weeks the more established users on the platform have developed and shared a lot of marketing ideas (tag #growth-ideas) in order to help steemit getting out of its fledgling stages.

Now, supposedly thanks to the rising steem price, a relatively high number of people is storming the network. They are here!

There is actually no need to study the numbers. If you are actively moving yourself on the platform then you will appreciate the wave of new faces everywhere.

You don't even need to do a survey among them to know what's been their most popular motivation to join steemit.

The Fullfilment of Expectations

"If you align expectations with reality, you will never be disappointed." - Terrell Owens

Is steemit's reality fulfilling the expectations of new users, or are we setting the bar too high for them? 

When we are talking about 809 new users per day, are we talking about serious growth and long term acquisition (retention!) or just a bunch of new nominal and non-active members that will simply appear in the records?

Let's suppose the following fictitious and extreme scenario:

  1. A potential user learns about steemit thanks to the booming price of steem.
  2. That user decides to join the platform since he believes that he will be able to make some quick money here.
  3. That user manages to pass the relatively uncomfortable onboarding process and is happy to be a steemian now.
  4. Since the very first page he's directed to is the Trending page his current economical expectations are: "I will get $1,000 for one post."
  5. That user manages to control the relatively uncomfortable editor and starts publishing his first blog posts.
  6. That user gets $50 for his introduction post since a couple of dolphins gave him their votes.
  7. That user is slightly motivated, even though there is still a considerable difference between $50 and $1,000.
  8. That user acquires 20 followers in one week, publishes one article per day for what he receives an average payout of $0,50. 
  9. That user leaves after two weeks. 

Conclusion: the reality of steemit's identity doesn't match with the stories that are told in the market or other networks AND steemit's own entrance hall (Trending page).

The key indicator for growth isn't the total number of accounts but a constantly increasing number of active and committed users!

Assumption: The user activity on steemit raises and falls according to steem price bubbles.

These are some randomly picked stats from the past months:

14th of August 2016:  13,083 users active in the past week. 

26th of November 2016:  6,237 users active in the past week. 

13th of May 2017: 12,875 users active in the past week. 

Source: steemd.com

If the user actitivy is directly related to market prices and people are only joining the platform in expectation of an easy revenue, then steemit has to work on its identity.

A brand is a promise. 

It's an idea every potential user has in his mind when getting in contact with it for the very first time. 

If steemit can't fulfill the expectation of an easy and quick revenue (and it definitely can't), then this has to be communicated to users at the moment of signing in.

Showing them the Trending page as a first impression, paying them an amount of money above average for their intro post and then letting them crash down to $0.50 articles is not fair. 

These users will leave and never come back!

What a pitty...

The Idea: Best Practice Onboarding Tutorials  📷

There are tutorials on YouTube for everything why not for steemit newbies?

We have hundreds of established users on steemit that are very experiences in front of the camera.

Let's show them how this platform works right from the start!

This article is not supposed to promote my own stuff, but just to give you a practical example, this is a video I've done a couple of days ago: 

Why not produce some professional tutorial videos where we explain the idea of steemit, real (!) expectations for bloggers, tips and tricks about writing and how to build followers.

Yes, we already have some of that content on steemit and even on YouTube. But how would a new user find it???

I furtheremore believe that this initiative should be addressed by Steemit Inc. as the official brand owner.

The most important mission is surely to lower economical expectations. 

Everybody has the same chances here, but blogging means hard work. I'm here since July 2016 and haven't ever been on a top 5 position of the Trending page. I've rather made my way through a lot of study, constant improvement and little steps.

Sometimes the truth hurts, but it's the only way to go.

So let's tell them that this isn't a money printing mashine... unless you've been working daily on that machine for a couple of months.

They are already here. Let's keep them :-)

Marly - 


Picture sources:
Title image: strongandbeyoutiful.wordpress.com; girls: girlscene.nl; skateboard friends: weheartit.com; brand quote: melissawheeler; authenticity quote: thefamouspeople.com

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I am new here and it is great to see your post so I know what to expect (just joined one day ago)... it is great to know that although steemit has a long way to go but real growth can somehow be accomplished as long as there will be improvements along the way.. what is more important is that we have a platform that has the potential to be a game changer on social media industry. Please follow me @arnel

I couldn't agree more, @arnel. Thanks for stopping by and leaving your thoughts! I'm impressed by the feedback received, it seems that a lot of people care about these questions.
On steemit it's like in real life: you need patience and consistency to get to the top. The most important thing as that you keep going. Sure, I will follow you :-)

Thanks for the follow @surfermarly I am looking forward to read and interact with more of your posts/tips here in steemit.

Steemit is work most of the time for most of us to make a decent rewards. Most rookies don't understand that to be in the top 10 daily u need to be on discord, steemitchat, twitter, reddit and all that jazz full time.

But just like any way to make money it takes work, time, dedication and effort with heavy dash of talent. If people look anywhere for easy money they're gonna have broken hearts not just on Steemit but anywhere.

If someone comes here looking for a quick easy buck and is disappointed and leaves then I say so sorry, good bye.
If they keep at it, put up with the low payouts but continue to produce quality content and remain dedicated to the platform without a doubt they will eventually get noticed and earn the rewards they crave.

It takes time to be successful in any career. No job gives the new guy a top salary simply because they got the job, they earn it over time. The better they are the sooner they can get it.

Your posts always get me thinking. ^^

But just like any way to make money it takes work, time, dedication and effort with heavy dash of talent. If people look anywhere for easy money they're gonna have broken hearts not just on Steemit but anywhere.

I'd like to resteem that one :-) Thank you @solarguy!
You are absolutely right: it's about dedication. That's why I think there is a gap between the information given in the markets and what really happens on this platform. I know from my own conversations with newbies that they have absolutely no idea what's going on here. This is not facebook. It's complex. If Steemit Inc. wants to bring the masses they need to be better in communication.
I'm happy that my post was thought-provoking to you, I couldn't ask for more :-)
Have a pleasant weekend!

You can resteem, it was the gyst of a previous post you may have missed i wrote. Keep at it and any star that deserves to be seen will be seen. Not trying to ride your coattails but this is it.
https://steemit.com/welcome-aboard/@solarguy/how-much-does-a-steemit-author-make-per-month-some-interesting-thoughts-for-steemit-rookies

Ur very provoking and realistic. thats why we love u

Thank you @solarguy! What a heart-warming statement, don't know what to say :-)
I will have a look at your article right away, please don't ever hesitate to share them.

I agree that when we are attempting to recruit new users, we shouldn't mention the top-paid posts. The appeal should be using Steemit and interacting with other people across the world. An income stream is a secondary perk. Otherwise, expectations are too high and disappointment is certain.

Thanks for stopping by @countryinspired. That's exactly what I believe. The chance to earn money here is obvious, but leveling boards are too high if we point fingers on the top trending articles.

This was interesting to read for a newbie like me. From the first glimpse to steemit, I figured out that its the content that rules and hard work, as everywhere else. I also noticed that many people write about coin which sort of creates lart pour lart environment. Please comment. I follow you :-) Pls, check out my intro and tell me what you think about it.

https://steemit.com/introduceyourself/@velimir/introduction-post-the-liberation-grand-plan-series-soon-to-unveil-steemit

Sure! Crypto currency is one of the most popular topics here, especially among the more established bloggers. That's why the trending page is always full of it, and the first impression for a new user must be a bit one-sided... However, if you look a bit deeper, there is a LOT of other content. You just need to know where to find it :-)
Thanks for stopping by and I'll be happy to have a look at your blog, of course!!

I just started to feel discouraged about this whole platform. Reading this post definitely helped realign my immediate goals! Thanks for the post!

Good to know that! :) Don't give up, it's really worth it. Use as much time as you can to study established blogs and their authors. Learn from them and improve your own doings constantly. Make sure that you are 100% convinced about every single article that you're going to publish. Then you'll definitely succeed :)
Best of luck! You've got a new follower now...

Thanks for the great advice! I've already seen some immediate results from simply changing my mindset! And thanks for the follow too! I followed you back! I'll keep learning and adapting, so I can eventually greatly contribute to this community!

You are more than welcome :-) Fingers are crossed!

Thank you for posting more realistic expectations. A lot of the guides make it seem like it is going to be super easy. I came over after one of the you tubers I follow recommmended it. Bringing his established audience here made it look simple and that could easily discourage new users.
As someone who passively uses other platforms for news, entertainment, and connectivity to similar minded individuals, it was refreshing to see something more realistic about what to expect.

I'm glad to hear that! However, "being realistic" doesn't mean that you can have a lot of luck here, too. It's still a game. You never know who's going to be online when you publish an article. You may be lucky having a bunch of whales being around in that exact moment when your content is showing up, and you may be extra lucky suiting their taste.

It's always a good strategy to think about target groups here:
The majority of users are male, have a high affinity for technological stuff and are extremely open to anything that touches the area of decentralization, freedom and self-government.

Every piece of content that supplies these needs has a good chance to succeed...
Good luck :)

Great info on knowing the audience demographics. Thanks for the wonderful tips.

I don't have any statistics, but surfing around the platform during a couple of months you come to know the people who are online...:) You are welcome!

Some deep thoughts right there.

Thanks!! I'm glad you considered them valuable :-)

Thanks for the great information. I am just getting started on Steemit and am going into this with my eyes open and my expectations low. Your post reassures me that this is something that relies on a lot of hard work to get to a higher plateau but can also be a great spot for one to hone one's writing and blogging skills. I am recently retired and have a lot of opinions and a lot of time. So this looks like it could be a nice way to keep my mind sharp. Thanks again for the story.

Thanks for your comment, @robsigurdson!

(...) this is something that relies on a lot of hard work to get to a higher plateau but can also be a great spot for one to hone one's writing and blogging skills.

Absolutely! That's it. If you like writing and storytelling in general, then this is the ideal place to be. You don't only learn from others but also through your own doings, improvements and failure. Steemit is definitely a great knowledge base, and it's a good thing that you bring some extra time. Socializing also requires a lot of dedication, and this is a social network in the end :-) You can't only focus on the content but need also to curate your relationships here...
Best of luck!

I am new and willing to give it a try. And who knows I might make some change and at the same time the value might rise. We are In at the beginning. I will see first payout on a few comments in two days.

Hey! If I were you I'd publish an introduction post. When tagging it with #introduceyourself it will get special attention, since a lot of whales and dolphins look at these new entries. Just visit the according trending page and look how the others have done their entries: https://steemit.com/trending/introduceyourself

Best of luck for your journey here!

Just enjoy what you do, if you provide value, the open market will determine your worth.

....or as Steve Jobs said once: "Be so good they can't ignore you." :-)
Thanks for stopping by!

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