STEEMZINE 28# - STEEMIT is like Garlic Bread A Nice Starter, But Not The Main Course......Yet..
Hi Guys,
I thought we we would follow up our previous article and tell you our experience in promoting an article. The title says it all. Approximate numbers there :)
We were pretty excited by the promotion button and we thought given that we didn't have a great deal of Steem in the account that we would spend all our Steem promoting our previous article. Which can be found here.
We wanted to write a feel good piece, that would give people some suggestions to change their mood and take them from a negative state to a positive one. Thinking this would be a nice article to share with all, a simple one but one that anyone can benefit from.
Then we saw the little promo button and went all in. The result, we spent $89 SD and netted $6.39 - a loss of 94% of our investment.
Will We Promote Again?
Probably not.
The idea is good, because it gets people injecting steem back in, it gives people reason to buy steem (which we have discussed earlier as a necessary step) but the return is just not sensible. Here's the problem again.
Too Few Hold The Power
The reality is even with a promotion of the article "whales" only have so much juice to share around and there are just not enough "whales" for everyone. So, the inequality still exists and the pattern continues.
Does anyone out there? Have recent growth numbers?
I'd be interested to see the recent growth of users (not that users are a great indication, because anyone can make heaps of accounts) but maybe the traffic details for the site. Does someone have a post that they could share with us all?
It would be great to see where that sits.
Steemit is a nice side order, like a garlic bread. But not the main course, yet.
Steemit for ourselves is likely a lovely garlic bread. It fills you up a little, and is a precursor of things to come. But, it hasn't yet shown the stuff to make it the main course.
Great thing is, Garlic bread is loved by most, until someone tells you - you have garlic breathe and you think twice about next time you go in.
Here's a post with August growth numbers: https://steemit.com/steemit/@sharper333/august-steemit-stats-retention-and-growth
I have not tried to promote any of my articles, but my gut feeling is I'd get similar results to what you have reported. I agree that right now the system (Steemit) is a bit too far rigged to be all about the whales and their upvotes (even while they are now voting on only partial steem power). We can work within that system they create, but that is a significant disadvantage that could weigh the whole thing down. Time will tell.
The title alone was worth an upvote, but some good content sealed the deal. Yes, the promotion has been an "experience" thus far. Waiting to see where the average ends up after the initial promotion frenzy ends. Shiny new toy syndrome....we humans are simple creatures. haha.