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RE: Bringing YouTube Channel Owners to Steem: Let's Make it Worth it for Everyone!

in #steem7 years ago

Yes 100%. Let's make this happen. Let's talk through minnowpond.org (our discord link). We can try to get her on a show on Sunday Jan 7th just to say hi and meet. But let's also aim to get her on a Youtube forum I'm doing on Jan 13th.

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Hi @aggroed, that's awesome, thank you so much! I'll let Chrissy know and she'll get in touch tomorrow evening through the minnow pond Discord. That's really exciting - hopefully she can take a couple of weeks off from YouTube and just focus on getting content onto Steemit so hopefully after chatting with you and by Jan 7th her Steemit page will have started in earnest.

This is such a great community, you'd never find this level of feedback and helpfulness from others on YouTube or Facebook. I think Steemit will be in the top 100 websites by the end of 2018, once smart media tokens are adopted in earnest.

Chrissy works flat out on her YouTube channel and for the level of views she gets and for the quality and volume of great content that Google/YouTube gets from her honestly the income she receives is very small per view compared to what most people believe. There's a common belief you get $1 on YouTube for every 1,000 views but I think it's a lot less than that. I'll put some figures together based on her real stats.

For your show what might be a really interesting angle is a direct comparison of payouts that content creators get on Steemit versus YouTube. For example I've done a few small posts on Steemit, not much yet, and even taking the Google myth that you get $1 per 1,000 views if I take an example of one of my posts which had only 125 Views it made around $23 dollars.

So Chrissy as a YouTube content creator gets maybe $1 for a 1,000 views, whereas myself as a Steemit Content Creator with almost no following can write a post and from only 125 views make $23 dollars. Then on top of that those Steemit earnings pay out half as SteemDollars and SBD's are actually worth between $9-$14 dollars on Bittrex based on fluctuations of the last few weeks.

So my payout on that post of 123 views was about $11.5 SteemDollars (SBD) and $11.5 SteemPower and the SteemDollars alone therefore are worth maybe $110 on the open market (Bittrex etc.) So my true payout for a post of 123 views if you take the SBD and the SteemPower combined would be worth probably around 10 x $23 (i.e $230). And that could be a lot more if Steem and SBD keeps rising on the open market which is likely to happen the more popular and widespread Steemit becomes.

I'm just putting this in perspective of what might entice YouTube creators to convert to Steemit. One of the things that put Chrissy off was she didn't understand how the seven day payout worked on Steemit and her concern was that it can take months for any of her films on YouTube to start to gain traction, so a seven day payout limit seems counter intuitive to any successful YouTube creator. But now that Smart Media Tokens are around the corner I think that's going to help a lot of YouTube creators see where the value is and how being able to issue their own token plus the extra audience contribution and participation will be of value.

One thing I'm trying to figure out is how Smart Media Tokens are going to work across Social Media. I haven't seen much info on how the Social Media integrations will work with Steemit and it's one of the factors that will help YouTube creators or Content Creators from other platforms feel comfortable on Steemit, - ie. if the Steemit wallet or SMT's have an ability to track and monetise interactions across various social media platforms. For example what ReddCoin is already doing.

I've been watching ReddCoin this week and it has a very interesting idea behind it about monetising all social media. The Reddcoin Wallet is almost a social media application in itself where you can monitor all your various social media feeds in the wallet. So in relation to Steemit's Smart Media tokens when that rolls out I hope the Steemit Wallet gets upgraded to also do something comparable to what ReddCoin is doing now. It would be really great, and a real enticement to YouTube creators etc. to adopt Steemit if Steemit's Smart Media Tokens also came with a wallet that could track their implementation across all forms of Social media.