Minnows Helping Minnows - Not All Upvote Buyings Are Created Equal - Be Selective

in #steemit6 years ago (edited)

This is the 8th installment in the minnows helping minnows series that intend to help steemit newbies(minnows) from a minnow. If you missed the previous one, here is the link:

https://steemit.com/steemit/@successforall/minnows-helping-minnows-how-to-find-out-your-vote-value

This is related to one on my recent posts about bidbots:

https://steemit.com/steemit/@successforall/the-bot-debate

It all depends on what is the purpose of our upvote buying. At the bottom are bidbots which give you, almost always, negative ROI. With bidbots you can't even predict how much you are going to get back until the bidding is over. Then come the upvote selling bots. They used to be profitable and even used to give you positive SBD cash flow when the $/SBD exchange rate was high but not any more.

There are bloggers who don't care about ROI or positive cash flow and all they care about is to get their post high on trending page. Normally, they are in a position, financially, to invest 100s of dollars to rang their posts high on trending page. For them it is a form of advertising expense. For them buying upvotes from bid bots and upvote selling bots would absolutely make sense.

This post is mainly directed at "The Minnows Helping Monnows Community" members and steemians who take the business side of the steemit seriously which is to make a profit out of money and/or time they invest in steemit. Minnows are newbies starting in steemit with limited cash outlay and resources. For them both a positive ROI and a positive SBD cash flow are all too important, if they are to build their steem dollar and steem power rapidly with leverage.

I have explained in another post how minnows can do that successfully with right upvote buying strategy:

https://steemit.com/steemit/@successforall/minnows-helping-minnows-the-ultimate-steem-power-building

As minnows, if we are going to use upvote buying for the purpose of building our steem dollar and steem power rapidly, the bottom line is that the upvotes we buy:

  1. should give us a good return on investment(ROI) and

  2. should give us a positive SBD cash flow meaning we are left with a little more than what we spent on upvote buying in SBD when we get back our author reward after 7 days.

As I have mentioned in an earlier post, this doesn't happen unless we get back $2.75 vote value on every steem dollar(SBD) spent to buy an upvote.

If you get back $2.15 vote value for 1 SBD you spent, you break even.

If you get back anything less than $2.15 for 1 SBD, you lose money.

Currently, none of the bid bots or upvote selling bots offer us 1SBD = $2.75 rate. As far as I know their current rate is 1SBD = $2. So there is no way the minnows with limited cash outlay can benefit buying upvotes from bit bots or upvote selling bots at current rate, if their purpose of upvote buying is to build their steem dollar and steem power rapidly with leverage.

This is the reason why we at "Minnows Helping Minnows Community" are offering a upvote buying service at 1SBD = $2.87 so that the minnows can use it and build their steem dollar and steem power rapidly with leverage. This is a community service and we don't take any commission from buyer or seller:

https://discord.gg/9fp4XSW

Minnows(Steemit Newbies) Helping Minnows Community. Success For All Minnows Support Project.

One of the big problems with the steemit newbies(Minnows) they get started with a lot of enthusiasm after looking at the payout amounts in the posts in trending and hot posts, hoping that they can get at least a fraction of it. But, when they post their posts at the beginning as newbies, lacking the support and following of big account holders, all they get is a few pennies and a few upvotes, if they are lucky. Discouraged and heartbroken they leave the steemit never to come back. Some of them stay a little longer hoping for whales and other big fish to help them. That rarely happens.

What we, minnows, have to do is to take pro-active action, help each other and grow fast. How can we help each other? There are many ways to do it such as upvoting, buying and selling votes from minnows. Sharing ideas and strategies to grow our accounts fast. But in order to do it we have to form small communities and grow together.

"Minnows Helping Minnows Community" is such an initiative. You can find out what we are trying to do here:

https://steemit.com/steemit/@successforall/find-out-how-can-minnows-helping-minnows-community-help-you-buid-your-steem-dollars-fast

https://steemit.com/steemit/@successforall/minnows-helping-minnows-equitable-vote-for-vote-vote-swapping

https://steemit.com/steemit/@successforall/minnows-helping-minnows-creative-steem-dollar-building

https://steemit.com/steemit/@successforall/minnows-helping-minnows-the-ultimate-steem-power-building

https://steemit.com/steemit/@successforall/steemit-newbies-minnows-support-success-for-all-project

We have also created a discord channel: https://discord.gg/9fp4XSW

so we can meet there and exchange ideas, votes or buy and sell votes. We just started it. If there is enough interest we will develop it further. Sign up on the discord channel, if you are interested.

Success Is Our Birthright.

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Go here https://steemit.com/@a-a-a to get your post resteemed to over 72,000 followers.

One of the problems of using bidbots is the fact that you can't actually get a positive ROI. Remember that ROI is return on investment and is always related to what you could make if you invested differently. The only real investment on Steemit that will return a positive ROI is to put your SBD and Steem into SteemPower.

This is because you continual make more and more curation with the higher SteemPower. 1.oo SBD to 2.74 up vote curation value doesn't add up to a positive ROI because if you had invested that same value into your steem power overtime your return for that same value will be much greater than 2.74 curation. If you sell it to another steemian for any reason they will get the return on that value.

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