What is the fastest possible way to make a lot of money in Steemit ?

View this answer on Musing.io

 

There are several ways to earn lot of money on Steem blockchain. Steemit is just an interface of Steem blockchain, similar to busy.org, esteem app, steempeak etc. So, to make lots of money on Steem blockchain, one needs to do following things:

Invest in Steem and power up: People like to earn without investment but it is a bad strategy. If one has enough money, he/she should invest that on buying Steem and power up his/her account. People who have invested on Steem and powered up are earning a huge profit. Steem Power holders receive compound interest on the SP they hold. They can also earn curation reward or if they don’t like to manual voting, they can delegate their SP to bots or curate posts automatically using steemauto or steemvoter apps. Large SP holder can post blogs and upvote his own post and earn author reward as well. Large voting power also attracts upvoters.

Start Steem based apps or websites: One can earn by creating dapps for Steem blockchain. Busy.org, esteem app, partiko, musing.io, d.tube, dlike etc. are various apps which are profiting through Steem coin.

Write quality content for musing.io or other Steem based apps: Creative and talented people can earn by showing their skill on Steem based applications. If one have good knowledge and a capacity to turn that knowledge into profit, then musing.io is the best thing for him/her. Creative videos receive upvotes from d.tube. Likewise, great ideas can be funded by fundition.io.

Create a bot: Many people are owner of bots on this platform. Bidbots earn huge profit by upvoting other users’ posts in lieu of selling their bots. They also earn curation reward. One can also sell his/her vote manually or can also create resteem bots which also resteem posts when they receive money for it.

Become a witness: Witnesses earn huge profit by receiving 15% of the total Steem and SBD generated on Steem blockchain. If one is efficient in programming, have resources to run a witness node and are capable of engaging people with one, then one can earn a lot of money here.

These are the fastest way to earn a lot of money on Steem blockchain. So, what are you waiting for? Just do any of these things and become a rich person.