Hey buddy that's funny small world. Appreciate you following on Youtube and thanks for the kind words as well. I'm new here so still learning the lay of the land. I've only been on here a few days but really digging it so far.
I just literally in the past 5 minutes heard something that kind of took some of the wind out of my sales though. Is it true you only earn for the first 7 days of your post? If that is the case do you happen to know why that is?
To me that's a little disapointing if that is the case. I'm sure you being a reseller and also Youtuber probably appreciate passive recurring income, I know that's a huge thing for me. I like knowing that if I put a lot of effort into something even if it doesn't blow up right off the bat that its on the internet forever with the potential to earn.
My other concern if that is the case is that I think it may prevent people from creating in depth or more long form content that is exclusive to Steemit. I see that as a problem going on with VidMe right now. Basically people aren't willing to invest large amounts of time, energy and money into projects if they can't be rewarded for it. For example on Youtube someone makes a documentary for Youtube and for the eternity it's online they'll earn. If they only earned for 7 days I doubt people would make content strictly for Youtube. They may make it to distribute elsewhere and happen to upload it to Youtube but it won't be a Youtube exclusive. It's like if movie directors invested hundreds of millions into making movies but could only earn money during opening box office weekend and never got another penny after that.
I see some people on here talking about you can rehash content to continue to earn off of it but honestly if I follow someone regularly I've already seen that content, I dont really personally enjoy someone combining 3 videos I've already seen and acting like it's new content.
Hopefully I'm not comming off as someone who's just here for the cheese because that's not the case at all, though I do find I can justify spending more time on something if there's some financial reward but honestly I see it causing people to not make content exclusively for this platform and also see it maybe leading to the tendency of people using this like they use vidme as a place to repost Youtube videos butnot really create origional content for that platform.
Anyhow, was just curious A. if this is true about the 7 day thing and B. what's your thoughts on that?
Yeah I just checked your YouTube channel and see that you did post a couple of videos about Steemit. I hadn't been notified yet on my phone that you posted those. Silly YouTube not notifying me yet. Jeez.
Also I did see that you were possibly looking for someone to do a collaboration with to answer questions about Steemit. I would be willing to help you out on that. Maybe I can Skype from my pool for a Traditional Pool meeting! Hahahah
So to answer your question about the 7 day payouts. It is a very legitimate concern that you have and one that I certainly had. There was a time about 8 months ago when the payouts were only for 24 hours. They have changed it a couple of times and now it is 7 days but what you notice on here is that pretty much your content is old news after 1 hour unless it hits the trending page. I know that is kind of crazy to hear but it is ultimately true. You have to get to a point where you have a following and people are automatically voting for you with their automated bot driven accounts and also be known to where people are combing through your content looking for the best out of your stuff.
Now don't trip out yet based on what I just said. I could say there are 80 different ways to make money on Steemit but that would sound ridiculous. But as you know from making money online there are so many ways to make money. It would be like someone saying that if Amazon FBA didn't make sense anymore that there would be no way to make money. It might suck if that was a huge part of your success but if you had several different income streams coming in you would still be making Adsense revenue, affiliate commissions, eBay sales...etc...etc..
So to more directly answer your question you get paid out overtime through your STEEM Power. Look at it this way. Let's say you put up your content and earn a payout on it. It will add to your Steem Power. You comment on people's posts. Get paid in Steem Power. Win Games and earn money and maybe power that up into your Steem Power. That Steem Power is going to earn around 15% interest right now / year. So you can pick your strategy. Do you want to defer payment for awhile and have a more powerful upvote and earn the interest or do you want to power down and take a weekly payout?
Also as your Steem Power get's stronger you can earn more on curation rewards from upvoting people. A lot of the big players in here with powerful accounts are just earning money passively through the system from interest on their Steem Power and curation rewards that they are earning off of an autovoting bot.
So here is the thing. I never put $1 into this system from the outside because I knew that if a person couldn't come here with my content creation skills and make money then there would be no way it would work. I made money..... traded to BTC on Poloniex, sent that to GDAX and started cashing out to prove to myself it was real. Most of my money on here has been created by building up with the content creation skills but let's say you want to skip a lot of those steps. Let's say you caught a huge ride in Etherium and wanted to deversify into STEEM and make yourself way more powerful and automatically pay yourself more money on each of your posts. You could certainly do that.
But your main passive ways to make money on here are Powering down your Steem Power which takes 3 months, Earning Interest on Steem Power, operating upvoting curation bots, Renting out Steem Power, making loans on here.
I did a post to push some followers your way!
Here it is.
https://steemit.com/steemit/@brianphobos/one-of-my-favorite-youtuber-s-randomly-joined-steemit-and-commented-on-my-post