Steemit is indeed an amazing platform with a lot of opportunities including many strategies to making money. One of them is buying more steem (my best option ie being a steem owner ) and the other one is renting steem in order to get more curation rewards.
There are many ways to renting steem power:
- Free Delegation: This can come from a friend, family member or well-wisher .Example a good steemian : @krnel delegated 30K steem power (free of charge because he will not be blogging for a while) to @lyndsaybowes due to her unique qualities see link congrats to our dear @lyndsaybowes , you deserve the award.
- Paid Delegation : you can pay a fellow member a specific amount for a specific period of time for his/her steem power . This can be arranged between both of you. Moreover, there are great deals here at steemit where you can rent steem power as indicated by @thecryptodrive here and investors can lease out their Steem power and earn up to 49% APR with MinnowBooster.net Delegation Leasing Market (DLM).
- Free Delegation via contest: Here you have to join steemit community and participate in contests see my former blog post for full details here -one example is @fyrstikken wide ranges of challenges where people can win thousands of delegated steem power.
All these opportunities shows how amazing steem ecosystem is. The issue , however , lies on the mentality of members . For example,the mentality of consistently renting delegated steem power without using it prudently to grow their own steem power. The mistake some of us make is to forget that there is time frame attached to the delegated steem power and use up the earned steem either in shopping or even taking out flagging fights with other members . Furthermore, avoid spending all your gains on un-necessary stuffs rather employing the rich man strategy as indicated by @lukestokes in his former post here : reinvesting the curation reward gains into growing your steem power any time you get a payout- stop thinking short term rather as a long term investor in steem ecosystem because the future of steem is very bright –see my former blog post for reasons : here
Conclusion: This article discussed some ways to make more money here on steemit . However, for some of us who have little steem power, or who want to grow fast into a dolphin or whale , renting steem power is a good strategy - however we have to use the opportunity prudently in order to become big owners of steem power and not stay stagnant as renters of steem power . One way is to change our spending mentality by thinking long term and reinvesting in steem power because the rental time of the delegated steem power is limited.
What do you guys think? send in your comment, Please resteem this for others to join and up vote to send your support.
Please read this my former blog: Are you depressed and unsuccessful online? Then Join Steemit communities /Contests See here
For those who want to be an investor in Bitcoin wallet see X coins link: https://xcoins.io/investors?r=v93e2z
To become succeesful in steemit I know one solution, don't expect a vote and just post your idea. Honestly, no one care. Who care about you is only you. Just do it, enjoy steemit, read and read. The main reward here is not steem and sbd but the knowledge you get from reading. Me I dont get enough vote and steem but I got enough knowledge about crypto and knowledge gives me free money. Infact in the I just get a couple of dollars investing right.
I think that's a fair point. But to be honest, I feel that it can be sort of... lonely? If your ideas don't spark some sort of discussion. It's almost to the point where your postings are more of a diary of your own thoughts. And it's the conversation element that I enjoy most about this community. :)
It is true. "Get enough knowledge about crypto and knowledge gives me free money. "
But how to delegate or rent "steem power" from whale? If anyone would like to offer help to me, I am overwhelmed with gratitude.
I am looking forword to getting your help! Please contact me!
Thank you.
Excellent point which I outlined in my older posts too. Thanks for sharing , upped
Unless the owners market is grossly inflated, when it comes to things we plan to possess for more than a few years, it is always better to be an owner than a renter if one can afford it.
Good point, I agree
I wonder... is there any challenge to the steemit community/content creation system, where the "landlords" or whales of steem attract and capture all the voting potential because of the promise for better curation rewards.... where this effectively overshadows good content from newer users who might not have as much steem power that whales provide?
your question depends on where you are heading to-can you pls be more specific?
Not too sure what you're referring to when you say "where you are heading", but I guess to clarify, in regards to your topic of a little guy renting steem power to grow and make money... Now, correct me if I'm wrong, but it almost seems as if new steem users (if their objective is to gain traction on steemit) are, in many cases forced to rely on the boosting potential afforded to them by whales. Irrespective of whether their content is good or not. So there seems to be quite a few challenges in organically growing a following Steemit, growing steem power, and by extension, money making power... without some sort of upfront investment in steem power or help from a whale. (sorry that was a little long and stream of thought, but I hope it makes sense)
Good point I agree with you on post boosting. However Steem power is the key in addition to other strategies-see my older blog post plus this link https://steemit.com/steemit/@charles1/stop-whining-here-are-way-to-improve-your-earnings-on-steemit where I outlined what to do .
Sure! will take a look
welcome
great post as always @charles1
the issue of delegating and or renting steem power is a good option for most of us who needs such . For sure, steemit has a lot of good opportunity for those really in need to make a difference for themselves...
Good point, I agree
Thanks and keep steeming
welcome, try focus on other posts and comment there pls...
Sure will do...thanks
ok.
always welcome and steem on!
All three ways to acquire steem power seems very interesting to me.
For now I can only participate in the contests and do my best by voting, commenting and posting.
Great, I wish you more success
@steemprice any latest ?
Thanks for posting this piece, @charles1. As a new member in Steem, I have a lot of questions. For topics such as delegation, my questions are accompanied by suspicion. There appear to be a few people and/or bots who are attempting to "game the system." Your article helps to explain some of what is going on here and why, however.
Do you have an opinion as to at what point Steemians should consider engaging in delegation? For example, should they wait until they have a few hundred followers, a thousand, or is there some other data point they should be considering?
I have upvoted this post and followed you, and intend to read through some of your previous posts, as well. Feel free to follow me back.
Thanks again for your post and good luck on Steem. Enjoy your journey!
Done. It depends. I think that you are soooooo new and need to take out few weeks to learn and comment prudently...see my former posts for tips including this link https://steemit.com/steemit/@charles1/stop-whining-here-are-way-to-improve-your-earnings-on-steemit
I like your article and fully agree - when people become personable their posts shoot off like a rocket.
Have you rented or delegated any steem?
You I have not rented or delegated steem ... I do not have too much steem to delegate out
Thanks! Read it and will read more of your posts. Definitely agree with your tips; I'm focusing on great curation first. Appreciate the follow back!
You are welcome and more success to you
minnowbooster.com is a site that does it, but I've heard mixed reviews
@charles1 got you a $1.24 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
Thanks bot
This post has received a 4.15 % upvote from @booster thanks to: @charles1.
Thanks bot
Resteem your post to 1300+ followers for only 0.5 SBD or Steem)
Just send 0.5 SBD or steem to @steemvote (URL as memo)
New Followers get 0.001 SBD$ and an upvote for free!!
Just follow @steemvote and...
what????
@cleverbot do you rent steem power?
thanks for making this
making what??? why are you thanking me?
i still vote Steem Owner compare to renter
Good point
Owning a steem is better than renting. I think steem staking will earn you some. I don't know if that works
Good point, owning steem power is the main key to success
I love the delegation idea, it really does show what a benevolent community Steemit can be.
Good point, I agree with you
I can see the idea behind renting but I have never been a fan of the concept. The stem spent on renting would be better powering up that steem
Same here except if Milord delegates some thousands for free to his humble and loyal servant
Hehehe, wel tha twould be something wouldnt it!
Amen to that, amen!!!
upvoted -well written and give me a few clues too
welcome bud, thanks
Thanks for this eye opener on renting Steem Power.
I only new of one way of getting Steem Power,that is buying.
I will have to look at contests to participate in and win some Steem Power delegation.
This is the best community of all.
welcome and feel free to share with your followers -success to you.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by charles1 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Thanks bot
This post has received a 0.03 % upvote from @drotto thanks to: @banjo.
thanks bot
Thanks bot
I've bought some small amounts of steem (I have apx 100SP), but it does look tempting to lease steam through @minnowbooster , but after reading this https://steemit.com/steemit/@therealwolf/is-leasing-steempower-from-minnowbooster-worth-it I'm not so sure. I might play around with leasing a bit, but overall I think I will just keep adding to my own SP.
Good point, success to you
This post was very informative thank you for sharing
you have my upvote
Keep smiling, reading, writing and voting!!!
@mannyfig1956
You are welcme, thanks for your comment
Gah theres so much to steem its amazing. It seems like Ill get to a point and start getting board with steemit when I find a whole new aspect of steem such as renting your steem power.
Good point, you can rent and blog ...
I need your help
Thanks @charles1
https://steemit.com/introducemyself/@auliaramadhn/hello-steemit-201792t20323487z
stop spamming my posts with the same copy and past because it will lead to you being flagged...learn how to comment
It is a good question to raise @charles1. Looking at it from the other side of the coin, am I better off just donating my SP in delegation to someone for a while or selling it or just using it on my own.
The one thing I am still not clear on is when you delegate SP to someone, do you earn curation rewards on it or does all the curation go to the delegatee?That is something I would like clarity on if anyone knows.
Good question @scaredycatguide you are correct. However I think that if you are too busy and feel that your SP will be better used by an active member then you can either delegate to someone you like for free (even open up a contest) or at a specific price per week or even to @minnosupport whih will be paying you specific amount weekly.
I do not think that you will earn curation reward if you delegate your steem out as it will belong to the person you delegated your SP to hence why you can agree on a weekly payment.
Great post ! I fully agree , but falling asleep my friend ! Good night ! Upped !👍👍👍😴😴😴
welcome, go to bed and sleep well
Great post @charles1, I am happy I read it... Still a lot to learn about crypto and still crypto currencies are at earliest stage, so it is right time to learn more about it.
Good point, I agree
These questions can vary the answers depending on the interez of each person, in my case, I trust in the platform that will be maintained in the times, for that reason I do not have problems in believing my power of steem, if at any moment it would have layer of savings , I would buy SP, not for nothing in particular, as I mentioned in previous comments my SP are my retirement insurance, but for this I have several years ahead, I trust that today is the best future investment.
excellent work as always dear friend @ charles1
You are correct my friend and if steem reaches 1000$ in few years time then you will laugh big time
Good idea, Greetings from Captain Jack Sparrow
welcome Captain Jack Sparrow
Post and comments amazing, like it 👍🏼
@blueorgy is @steemprice still active?
Hi @charles1, I see you have mentioned me.
This is automatic response so that I may respond to your mention later.
What kind of music do you like @cleverbot?
Awesome post my man. I think the decision will have to be based on the price of Steem, and the value of the votes at the time. Right now I would say leasing SP is more profitable. Later on it could be different.
Talk soon!
Good point, I agree. Thanks for your comment and I hope you are well
I am fantastic thanks brother! Hope you're doing the same :)
Talk soon.
Am doing great. I can see that your posts are booming, keep it up
I appreciate that brother. We do whatever it takes hey.
Talk soon.
welcome
Another great read @charles1. I think you can better invest the money spent on renting on buying. Always better to actually own something.
Good point Amy, I agree with you. Thanks for checking out my post
Your post is very usefull. Thanks to be in steemit🤜🤛
welcome , same here
Your post was very useful for me
Thanks for sharing my friend
Keep the good work
Thanks , see my latest post for value of steem
Was upped mate because as always great content
welcome and thanks...great post too bud