HELP STEEMIT GROW. My personal suggestion on how to bring more demand for STEEM [JOIN discussion]
HELP STEEMIT GROW. My personal suggestion
I did not have the opportunity to post in quite a while and instead I've focused my efforts on manual curation and building new relationships here on Steemit. However, today I decided to publish a post which I consider very important. My goal is to share an idea which has been on my mind for a few weeks already and to ask you, dear readers, to share your feedback.
So please, read this post carefully and share your thoughts with me in the comments below. I read and appreciate all of them.
INTRODUCTION
Recently a number of people with strong influence organized a few amazing initiatives aiming to promote the Steemit platform.
We had @o1eh together with @josevas217 and @pollito22 starting up a few instagram accounts, aiming to bring more awareness to the public about Steem blockchain. The other day @xpilar, supported by his team, launched a great campaign aiming to promote Steemit on youtube.
(links blow)
Both campaigns attracted many people, however the results may have been a little questionable.
Main problem explained
I have watched a number of Youtube videos that were published in response to that contest and my impression was that most of those people promoted Steemit as a platform to make money. In turn, that would mainly attract more new users who will mainly look at Steemit as a platform allowing them to earn a living.
Creating even more selling pressure.
Nothing bad about that, however, it is hard to expect that more users who would need to earn and cash out their earnings would help to build more demand for steem.
Wouldn't you all agree on that?
DESIRED SOLUTION
I strongly believe that currently what we need is to bring more DEMAND for STEEM token. We do not necessarily need more users creating content and cashing out their rewards ASAP as this would only increase already existing selling pressure.
So, today I would like to present my solution, which in my personal opinion could allow us to build a constant demand for STEEM tokens. And again: your feedback would be greatly appreciated.
MY SOLUTION in a nutshell
Few words about affiliate marketing
Let me start with a simple question: do you know what affiliate marketing is about and how it works? If you don't, then please Google it to learn more about this term as it will be quite important in order to understand the following part of my post.
Simply put:
Affiliate marketing is a process where publishers earn a commission by promoting a product or service made by another retailer or advertiser using an affiliate link. The affiliate partner is rewarded a payout for providing a specific result to the retailer or advertiser. Typically, the result is a sale
(quote from google)
Small example: by promoting Binance we may end up earning some percentage of all trading fees that come from trading activities of all users introduced to Binance by us. We may also promote VPN services and earn a % of all monthly fees paid by those users who register themselves using our affiliate (referral link).
I myself have very basic experience with affiliate marketing, however, I know a few people who managed to build themself a solid passive income. And I am pretty sure most of you have seen a number of famous youtubers promoting different sorts of paid services. They all enjoy some cut from the said generated revenue.
I hope I made that part easy to understand and we can move forward?
Lets scale it
This is the most IMPORTANT part of my post, so please read it carefully.
If a single person would have the possibility of earning quite a decent amount of $$$, then imagine the results that could be achieved if the entire community would work together towards the same goal. Instead of one person sharing a referral link to some paid services (let it be VPN or Binance), we could do the same but as a group ... wouldn't the results be even better?
It is important to realize that we have amazing resource here: large community. So achieved results should be much greater in comparison to results achieved by youtubers working alone.
Okey, so what's the plan?
MY GOAL is to set up an account on one such paid service and organize a large group of Steemit users who would help me share that link on their social media platforms and on Steemit itself. And as an "experiment", our group would try to promote such a referral link for a few months to see what results we could achieve.
How could that help STEEM blockchain you may ask?
It is quite simple.
I strongly believe that we could build up some serious passive income, which would be paid by those affiliate programs (my priority would be to focus on promoting Binance with ref link).
And all revenue coming from those affiliate programs would be used to buy back STEEM from the market and BURNED (send to @null).
Example:
Let's say for the upcoming half year our team would promote Binance and bring a few hundred new users to that platform. After all, every year millions of skeptics are joining the crypto space and one way or another most of them will end up using Binance.
Currently Binance pays approx 40% commision on all trades, so with time revenue generated, it could potentially reach thousands of $$$. And every month that profit would be used to buy back and burn STEEM tokens from the market, creating a steady and growing demand for that token.
HOW DOES IT SOUND?
WHY DO I BELIEVE IN OUR SUCCESS?
Well ... this post is already quite long, so I will reply to that question using @project.hope account in comment section. Check it out :)
RESTEEM and SHARE YOUR FEEDBACK
Every single Resteem will be also greatly appreciated.
I hope that by now the entire concept is described clearly and easy to understand? Please share your thoughts with me in the comment section below.
JOIN OUR DISCORD
Finally, if you would like to participate in this initiative, then consider reaching out to me via discord (crypto.piotr
#3426) or simply join our discord server and I will gladly greet you there :)
Cheers, @crypto.piotr
Founder of project.hope community
| Usefull links | . |
|---|---|
| Help Steemit Grow by @o1eh | https://steemit.com/hive-185836/@o1eh/help-steemit-grow. |
| MAKE YOUR OWN VIDEO ABOUT STEEM by @xpilar | https://steemit.com/hive-185836/@xpilar/promotion-steem-make-your-own-video-about-steem |
| Project.hope community on Steemit | https://steemit.com/trending/hive-175254 |
| Project.hope discord server | https://discord.gg/uWMJTaW |
I am also familiar with affiliate marketing and I believe that it is a good idea that should be tested over a longer period in order to measure the response.
The idea of profit from affiliate marketing that you mention is great if it can be sent to @null and burn steem. I see this as a win-win situation and fully support this idea
Thanks for sharing your thoughts with me @Xpilar
I could not agree with you more. For that reason I'm planning to invest at least 2-3 months of my time to push this initiative forward and monitor results. It's definetly not one-time thingy and loads of work need to be done.
Thanks for dropping by and your encouraging words @xpilar :)
Is setting up a project to burn steem in order to promote steemit a good idea ?
I think that this is typically a man in a boat with hole situation.
Let me explain
Once a man was in a boat in the middle of the sea. Suddenly he discovered that water was coming into the boat.
He had a bucket which he started using to take water out of the boat.
However the reason for water getting into the boat was holes that large fishes were poking into the bottom of the boat.
If you look at the situation it would appear the man is doing the job of saving the boat and himself.
How is this relevant from in the context of creating demand for steem by burning it ?
The boat is steemit. It is not drowning however the stagnation in its price and even the prices getting lower is more in the hands of the big fish who are the big stakeholders that is those who run the blockchain.
So though the action to burn steem is brave and laudable however the end results depend upon a number of factors such as
It would be great if someone can help us with these figures to come up with figures to work with.
Further with your permission dear @crypto.piotr I would like to tweak the solution to get funds for burning.
Here is what I suggest
https://steemit.com/hive-175254/@thetimetravelerz/how-i-would-like-to-build-demand-for-steem-tokens
Hi @thetimetravelerz
Your comments are always top quality. I will reply to your feedback in post that you've shared with me just now.
However, before I do that - I would like you to check out my discussion with @carlos84 and see what is my reasoning behind idea of burning tokens
Cheers, Piotr
Thanks for the kind words dear @crypto.piotr
Thanks for sharing the discussion with @carlos84 I have gone through it and made a not of your concerns.
I would present my point of view separately.
This is a very nice idea. Working as a team makes the result better achieved. Within the Project Hope community, we have undertaken some marketing campaign in the past (like the WOX, Robinia, etc) and I believe that this one is also achievable if we work as a team. I think we should give it a try.
In addition to this, I also think devs should be attracted to the Steem blockchain, so as to create more products and projects within the blockchain to attract more investors. Imagine having an instant messaging app (like Twitter) built on Steem, it will attract more users and investors. My opinion though.
Nice one buddy.
Resteemed for added visibility.
Working as a team on anything will be far more effective than individual work. I still remember how we worked as a community to promote Steemscan and RobiniaSwap. Now, despite what happened to RobiniaSwap in the end, it doesn't change the fact that we've nicely succeeded in attracting a large number of users to it.
I like your idea about promoting a referral link to Binance and using the generated revenue to buy and burn steem. If it works, It'll benefit all steemit users... Let's give it a go...
Hi @qsyal
I loved working together. Especially, since we've managed to shape quite a well organized team already :)
And I love to hear that I got you interested. I presume that most PH members will support that idea. But still ... it's great to read it
Yours, Piotr
Hi @crypto.piotr..
Ini inisiatif yang luar biasa dan patut di uji coba, steem akan menguat jika ada orang orang yang berpikiran sama dengan anda. Saya pikir pemasaran afiliasi merupakan salah satu proyek yang memiliki prospek yang bagus untuk meningkatkan permintaan Steem.
Saya setuju dengan anda "we need is to bring more DEMAND for STEEM token."tapi kita juga perlu banyak pengguna. Pertanyaannya : apakah pemimpin akan terlihat bagus jika tidak ada bawahan?
Nah kita harus merubah paradigma "Steemit sebagai platform untuk menghasilkan uang" menjadi "steemit sebagai platform untuk berinvestasi". saya tahu ini bukan pekerjaan yang mudah seperti membalik telapak tangan. saya juga mengkampanyekan ini bersama tim pemasaran Steem di jejaring sosial facebook dan instagram
Proyek ini akan sukses jika kita bergandengan tangan dalam pelaksaannya, walaupun kita memiliki target dan tujuan dari masing masing proyek yang akan di jalankan pada jaringan steem
Congratulations, your comment has been successfully curated by @irawandedy at 10%.
Terima Kasih @heriadi for taking the time to share your thoughts.
google translation below:
"This is an extraordinary initiative and worth testing, steem will strengthen if there are people who think the same as you. I think affiliate marketing is one project that has good prospects for increasing Steem demand.
I agree with you "we need is to bring more DEMAND for STEEM token."but we also need a lot of users. The question is: will the leader look good if there are no subordinates?
Now we have to change the paradigm of "Steemit as a platform to make money" to "steemit as a platform to invest". I know this is not an easy job like turning the palm of the hand. I'm also campaigning for this with the Steem marketing team on social networks Facebook and Instagram
This project will be successful if we join hands in its implementation, even though we have the targets and goals of each project that will be run on the steem network"
It is undoubtedly a very good idea that could work. Just the fact that other users make their contributions in the comments speaks of their interest in improving the platform.
I have no experience in affiliate marketing, although I know what it is all about. And handling it that way, buying tokens to burn, could be an input, but that tends to be more of an impact when done en masse, which implies that for it to take effect you would have to burn a large amount of tokens.
I think it's a very logical idea, with a good chance of working. As long as those people who don't have Binance accounts decide to open them.
As a project.hope community, we already have quite a decent experience in promoting different projects. Within past 2 years, we've been involved in few different marketing campaigns which allowed us to learn to work as a team and develop leadership structure within our community.
Many of you may remember RobiniaSwap DeFi build by @Nia (Korean developer). We have managed to build a team of over 30 active members and brought decent amount of users and investors to that particular project.
So we have solid experience and we know how to bring traffic and exposure to promoted projects. Which is the reason why I believe, that solution shared in this post has real potential to bring extra demand for STEEM tokens.
Hopefully more people will share my optimistic view :)
Certainly, as a community Project.HOPE has a proven and rewarding experience in promoting different DeFi projects, and even applications within STEEM.
I like your idea a lot, the promotion is a real work and we should have a full infrastructure to encourage promoters to keep doing this job.
Referals is indeed a system that really professional people can exploit in a great way and build big networks of users that get a real assistance during their first steps here.
I always thought about a system where users could buy advertisements using STEEM, the idea is simple, X buy STEEM and pay to Y. Now Y have to write a post regarding a product/service that X requested for review, this way more business and entrepreneurs will arrive to the platform to buy articles and the STEEM will have a great buying pressure
Dear @alejos7ven
Glad to see your feedback.
I must admit, that I've been also thinking about it for a year or more. Problem is, that it does require to much work: looking for clients, explaining to them process of payment, deal with their expectations and then prepare and publish review. And to scale it ... that would be even harder.
It sounds like never-ending work and I figured that I should focus on idea of building passive income. And promoting Binance (while using generated revenue for buy-back and burns) sound so much easier and ... steadier.
Thanks again buddy :)
Piotr
Greetings, dear friend, Piotr.
The core of your idea is based on the burning of Steem, which is good and it is a system that belongs or is part of the economy of the ecosystem. This has never been fully implemented, although we have recently seen efforts by Steem Blockchain authorities to promote its use.
I believe that any action that focuses on promoting the burning of STEEM is totally valid and positive for the economy.
Your personal idea of using the referral link looks great.
In previous years, a small percentage of Steemit users had an active Binance account, but now that percentage has increased, and as you say, new users are added every year.
It would be great if many of them also joined the creation of content on Steemit and participate in the burning.
Obviously, the amount of STEEM that these new users will be able to burn would be tiny. So, those who make a considerable number of transactions on Binance would have to take the surplus profits from their trades (product of their referral links) to buy Steem and send them to @null.
Therefore, your campaign should focus on attracting new users to Binance who would have to register using the Binance referral link, from those who make a considerable number of transactions and exchanges. And they would be the ones who should commit to burning.
Project Hope has over 8K subscribers. Suppose half of them are not registered on Binance.
If you were to get 50% of them to become new Binance users using the @josevas217 referral link (for example), then José, who makes a considerable number of monthly transactions, should buy the STEEM and send it to @null.
In short, you have a great idea and the potential (subscribers) to make it happen.
Thank you Juan for your feedback.
Could you please tell me more about it? I haven't seen yet any efforts by Steem blockchain authorities to do any buy-back and burns.
I do agree with you. However, encouraging authors to burn part of their rewards is not going to build demand. I would rather all those authors to keep their rewards (instead of burning some) and simply power it up. I think , that this would create same result -> limiting selling pressure.
Reducing supply is one thing, but we mostly need to find ways of creating demand. That's at least my line of thinking.
Im afraid that you're missing my point. I wouldn't want users like Josevas to promote their own referral link and then him to carry on with buy-backs and burns.
My goal would be to set up ONE and only ONE main account on Binance with referral link "connected" to that profile. And to build a team of Steemit users, who would be using this particular link while promoting Binance.
So once a month, I would take all that revenue, write a post presenting some bacis stats and then use generated profit to buy STEEM and burn. At the same time I would ask Xpilar (or some other well respected person) to control entire process. So entire process would be quite centralized and partly transparent.
Hopefully Im making sense?
Yours, Piotr
Affiliate marketing can be a good idea. However, I think that if some developer created some blockchain games on STEEM, the blockchain could become even more interesting and more popular. Another idea is to strengthen the collaboration between Steemit and TRON more and more, as if Steemit became the official social platform of TRON (but I don't know if this is a possible thing to achieve).