How to earn money online from Steemit
Just before we look at how to make money on Steemit practiacally, there are few things we need to consider that will help you understand Steemit and how it works. These are Steemit languages that you will come across quite often as you try to make money on Steemit.
Here are some important terminology you should know if you are looking at how to make money on Steemit:
Steem: Steem is the main currency token of Steemit. You can use it to power up Steem Power or trade it for Steem Dollars, transfer to other accounts and more. Like I mentioned earlier, it is crptocurrency just like Bitcoin and the rest.
Steem Power (SP): If you are looking at how to make money with Steemit long term then this should be your chief concern. Steem power is the value of influence each memebers has on Steemit. The stronger your Steem power, the better your chances at making money with Steemit. You can influence posts and comments depending on how strong your Steem Power is. If you have a very strong Steem power, one upvote from you can take a post or comment from bottom to top.
Steem Dollars (SDB): Steem dollars are liquid currency that are pegged at $1. You can use it to acquire Steem or for trading. You can also use it to shop and buy online in websites such as PeerHub.
How to make money on Steemit
Here are ways to make money on Steemit
- Write Articles (Posting)
The number one way to make money on Steemit is to write and post contents. This will be perfect for you if you are good with writing. There is no limit to what you can write. Just write on what you are good at, build your follower base and you will make money.
The more followers and readers you have, the bigger the reward you get and the stronger your Steem power. The money each post generates is usually written below it.