How I Make More Than $800 a Month On A Social Media Site You’ve Never Heard Of

Posted January 2, 2018 by Lauren Dibble in Uncategorized / 12 Comments

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Disclosure: Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

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You know that feeling when you find something so ridiculously amazing you want to tell everyone…but you’re also a little nervous? Like it’s too good to be true? Or the people you tell won’t think it’s as amazing as you do?

Yeah – that’s where I am right now.

I recently discovered a new social media site. A blogger I follow shared a post he wrote on this platform, which was my first introduction. So I did some research. I’ll be the first to admit – I don’t understand crypto-currencies very much, but I tried it out. And man, am I glad that I did.

The Premise Behind Steemit

As far as I can understand (and explain) Steemit.com is a social media sharing site that is backed by a crypto-currency. You create content and post it and you get a portion of Steem for each upvote or comment your content receives.

And best of all it’s FREE to sign up!

Steem is the crypto-currency behind it. But there are three kinds: Steem, Steem Dollars and Steem Power.

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Steem

Steem is the basic, liquid currency of the site. You can Power Up, and increase your Steem Power (see below), transfer it into Steem Dollars and send it to other Steemians.

Steem Power

The more Steem Power you get, the more weight or value you comments and upvotes have. You can Power Up to transfer Steem to Steem Power and add more influence behind your posts and comments, or Power Down and convert Steem Power to Steem (however it is spread over a 13 week period).

Steem Dollars

Steem dollars is similar to Steem in that you can buy it, sell it, or exchange it for things in other marketplaces, such as PeerHub.com.

Now I’ll be honest – I don’t understand a lot about crypto-currencies. I know there’s something about a blockchain and mining, but truly, it’s all over my head.

If you’d like the technical explanations behind it all, check out Steemit’s FAQ.

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So How Do You Make Money on Steemit?

Post your content! Once you create an account (save your password! It’s auto-generated and you can’t change it), you simply hit the big black button in the upper right corner that says “Post”.

That’s it!

I recommend doing a quick introduction of yourself and what you’ll be writing about and use the “introduceyourself” (minus the quotations).

You’ll add up to 5 tags to each post. Consider this your categories – this is how people will find what you’ve written.

I’ll be honest, I don’t have the magic formula for what to write about, what tags do better than others, or how to make it big on Steemit. Some of my posts make less than $1 – but one of my post made more than $100.

It’s really about writing a lot, which gives you more exposure, and if the right people see it and like it, your payout is big! Write a lot, and engage with your readers! Comment back, follow people, comment on their posts. Getting paid is simply icing on the cake!

UPDATE >> I forgot to mention that you can earn steem just by commenting! So even if you’re not a writer or blogger, you can earn simply by joining in the conversation!

The Proof

Once you have some Steem or Steem Dollars built up, you can sell it on Coinbase. You’ll have to covert your Steem to another crypto-currency (ie. Litecoin) and then sell that crypto-currency for Dollars.

I was super skeptical at first…really throughout the entire process. But it happened. I sold my Steem Dollars for Litecoin, sold my Litecoin for USD, and transferred my USD to my bank account. And it worked.

Here’s the proof:

Steemit.com Capture

What you’re seeing above is where I sold my Litecoin for USD twice, and then withdrew that $830 to my checking account. Not too shabby for a couple hours worth of work!

If you’d like to learn more, or want a follow up post with more Steemit training, leave a comment below and let me know! And if you make your way over to Steemit, drop by my page and give me a follow or a like! Hillsborough Homesteading on Steemit.

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12 responses to “How I Make More Than $800 a Month On A Social Media Site You’ve Never Heard Of

    • Lauren Dibble

      It’s crazy Ashley! Let me know if you have any questions. There’s a huge homesteading community that I love!

  1. Elizabeth

    Hi Lauren! Susie’s sister Beth here. This looks awesome – I’d love to try it, too. I’ll definitely check it out!

  2. Lin

    Well look at that. Looking for ways to earn a little each cash to pay off debt and I happened upon you. I’d love to try it.

    • Lauren Dibble

      Give it a try Liz and let me know how it works for you! Let me know if you have any questions!

      • Lin

        I will let you know. They are validating my sign up request. Thank you for sharing this with the masses.

        • Lauren Dibble

          I’m happy to! I just cashed in another $100 today, and the value of steem just keeps going up! This could really turn into a full time career for the right person!

    • Lauren Dibble

      Happy to share!!! You can convert steem to bitcoin or other cryptocurrencies if you want too! And there’s a very popular technology tag if you want to write about IT or really anything else!

  3. I’m pretty fascinated by this…. like I’ve become obsessed with steemit over the past hour because of you, lol! Thanks for your vulnerability and sharing this new platform! I’ll see you on there! 🙂

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