This post is a continuation of yesterday's post on using the various promotion services and bid-bots available to all Stemian's.
If you have not read part #1, then please click HERE first before reading this post.
Today we will finish with the remaining services that Minnowbooster has to offer, in the next post in this series I will cover Bid-bots and how to use them properly.
Minnow Booster is probably the best know promotion service; however they are not the only one, SmartSteem also offers a great product and is growing fast. You can visit their blog here @smartsteem or go directly to their website HERE
Yesterday we covered buying votes via Minnowbooster, today we'll start with "getting votes on your comments". Many of you were amazed when some of my comments received 55 votes, seconds after the comment appeared on the screen. Well it does make a SPASH doesn't it and it is really easy to do.
First (right click on this Minnowbooster Link - choose open in new tab) log into your account using your Steemit Password.
The user information and settings page will then be displayed. Here you can make several changes and start and stop stop two voting services.
- 1 -- Receiving votes on your comments
- 2 -- Selling your voting power.
To enable automatic votes on your comments simply check the checkbox #1 circled in the above image. "Enable automatic promotion of your comments (still in testing):" Then enter an amount of SBD in the text area below it. ("Max upvote value") -- Keep this low, even 1.5 as shown can generate over 50 votes!! .25 or so is probably a better choice.
Use this feature with caution as if you get too flashy (as I did yesterday) you can draw a lot of ire and negative criticism along with a pretty good batch of comments like this one yesterday, by @gems.and.cookies
WTF(%&@!) 55 votes on a reply that's less than 2 mins old!! Ha ha ha. Now I'm sure you know what you're doing. I should be the one to thank you. Never had a laugh like this in Steemit before now.
There were a lot of similar remarks, so the point is, if you want to stay a bit incognito in your vote helping, this is not the tool you want to crank up.
Selling your voting power.
This is a very useful tool and can add to your profitability on Steemit a great deal. To enable this feature, you need to click the two checkboxes (#2). Minnow Booster will respond with a request for you to approve this via an authentication window that logs you into SteemConnect.com -- Once you complete this dialog you will be returned back to the edit user info. page.
How does vote selling work?
Everyone on Steemit is allowed to up vote posts and comments as they so choose. However, you can only up vote so many before you start running out of voting power. This voting power is removed at a rate of 2% for each up vote (at 100% power).
Note: If you have less than 300 SP then your votes are always at 100%. If you have 300 SP or greater, you see a slider that you can adjust how much power to apply to an up vote (or down vote).
So as we vote, our power is reduced, but this power is restore back to us at a rate of 20% per day. To keep an even keel, the magic number is 11 full power up votes. Said another way, eleven full power up votes per day will still allow you have full VP restored each 24 hours.
But there is really nothing stopping you from voting at full power 20 or 30 times per day, it just means the votes you make have less weight and you will not be able to get back to full VP in 24 hours.
So how do we take advantage of all this information? Most of us do not curate more than a few articles per day, that means that a large amount of our total available votes go unused. Minnow Booster allows you to sell them this unused voting power and to select exactly how much VP you want to keep in reserve to be used in your manual curation.
If you look in the image above (#2) you notice I set the slider at 25%. This means that I am allowing Minnow Booster to purchase voting power from me as long as they leave me with at least 25% in reserve. I then get to use the 25% reserve to curate manually.
The math on this is very good. Minnow booster returns back to you the full amount of the up vote you sold, less about 15% in fees. This means if your up vote was used by another member on Minnow Booster and it was worth $.10, you will receive $.085 for selling this vote.
This is pure profit! You do not have to have any SBD to enable this feature.
Another very powerful feature about vote selling is the number of followers you can potentially receive from it. Each time your vote is sold, someone else receives it. The person who received it, paid for this service and they are often looking at the performance of their blog very carefully. When they see the up vote, they may come to check you out and see what's in your blog. This is a VERY easy and useful way to engage with the community.
Of note. Minnow Booster often sells votes for as little as .001, so even if you don't have a lot of SP you can participate in this program. The more SP you have, the more profitable this tools is. Another very important point is, if you do have more SP, many of your vote sells will be at far less than 100% full power, which translates into more total engagement with the other Stemian's.
Vote selling is a very powerful feature --- Try it out for a few days.
OK, on with the remaining features of Minnow Booster.
Leasing SP can be VERY profitable if you use it properly and you can lease it affordably. The latter part of this statement is the problem right now as SBD as moved up in price dramatically, making the cost to lease SP higher as well. Still it can be profitable if you know how.
The pie chart above shows where most of the leases that have been successful occurred. Per the chart, most leases have been awarded between 90 and 120 SP per Steem. I'll explain more below.
The more Steem Power (SP) you have, the greater influence in Steemit. Each vote you make is of a higher value. If you are somehow able to capture this increased voting power for yourself, then you can profit dramatically from it. One way is of course by leasing SP and then selling your votes to Minnow Booster (or any other promotional service that buys votes. Another way is to delegate this higher SP back to the bot directly. (We'll cover that below as well)
Leasing SP (and having it delegated to your account) at an affordable amount can have a substantial ROI with minimal manual effort. To get the process started, you need to enter your bid. See the form below.
The image above reflects an attempt to lease 5000 SP for 1 week. I am willing to pay 50 steem (one time cost) for this lease of 5000 SP. The annual percentage rate for this lease is calculated automatically at 23.4%
This lease could be successful as I have entered values that seem to fall within the sweet spot.
- So first, simply decide how much SP you want to lease.
- Enter the number of weeks you want to lease this SP for. (It will be taken back from you automatically)
- Enter the lowest amount of SP per Steem you are willing to accept. The lower this number the more likely you are to be successful, but the less SP you will receive!
The bottom two entries are calculated for you. Review the figures, make sure you really want to do this and the press Lease. You will be asked to confirm your decision.
Before proceeding to press Lease, you must already have a sufficient amount of Steem (not SBD) in your Minnow Booster account. If not, use the deposit form under the balances section to make this deposit first.
Your bid will be entered into the queue. All bids remain active for no more than 3 days. If someone likes your bid, they can accept your terms and Minnow Booster will make the transfer of SP from them to you, for the specified price and time.
All bids in the queue can be seen and scrolled through by using click the "New Lease Request" on the left pane. See image below.
Leasing SP to someone else.
If you happen to be lucky enough to have a lot of SP and would like a nice steady APR, then you can lease your SP to another member by simply clicking the "Fill this offer" button. You will be directed to a new page that shows the totals and allows you to proceed with the authorization of the lease agreement.
The final tool we are going cover is delegating your SP directly to the bot.
If you have some excess SP (congratulations!) and you're looking for a really passive way to turn the SP into more SP and SBD, then delegating your SP directly to the bot is one way to do it. Minnow Booster explains it like this:
Delegate STEEM POWER to the @minnowbooster bot and get roughly the returns you would get if you voted up only your own posts, but without the shame! You will earn and be paid daily with a prorata share of the funds paid by users for @minnowbooster to up vote their posts, less our facilitation fee.
You can always undelegate but will lose the earnings for the current unfinished day.
If this is something that interest you, simply fill out the form, authenticate the delegation and you're all set. It will remain in place until you cancel it. This can be very useful if you are going on vacation and do not want to have any visible activity on the platform, but of course would not mind having some revenue.
OK that pretty much covers everything that MB has to offer. So let's summarize today's findings.
Vote selling is a powerful tool that can reward you directly via SBD each day and indirectly due to the fact your vote is likely to be noticed by those who have purchased it. In addition, you will be paid for the curation service you provided (through MB), just as if you had manually up voted a post or comment.
Automatic comment promotion is useful to get your comments to float above the spam, but use it with caution.
Leasing SP can be very profitable when you are able to get it cheep enough that you can turn around and use it with the vote selling tool or delegating it back to a bot (perhaps even your own bot).
Delegating to the bot and filling lease requests are great ways to get passive income from your SP.
So that is that. Minnow Booster and Similar Promotional providers can dramatically aid you in getting noticed as well as providing a very healthy return on your time, talents and financial investment in Steemit.
I really hope you found this article to be useful. Please up vote me (manually is just fine) and leave me a comment. I promise I'll do my best to respond quickly.
Still to come -- Using bid-bots for a larger whale size vote.
Disclaimer -- I am still very new to Steemit and have plenty to learn myself!
Invest wisely for the future.
I gave you a 100% upvote because I learnt quite a lot from your post. thank you.
Thanks for stopping by and the up vote.
Check out our 150 SBD contest in this blog.
I really appreciate your insight here. I have a nice chunk of SP and want to make sure I use it the most efficiently as I can. I'm kind of sitting still at he moment.
Thanks for the kind words. These tools can certainly help you get going!
Check out the 150 SBD contest on our blog as well.
You really cover up everything so far, I believe many community members fresh and old one will find your article is very useful. Whether they then decide to try it out or not, but definitely they got the picture how is thing running in the platform. Regardless right or wrong it still very good information to catch up for, so you can feel yourself knowing where you are in the system and not a stranger...hehehe...I am planning to try out some of your input, but not really sure what to start with. Looking forward for next post and become even familiar with the way the platform running and get benefit from it.
Thank you my friend for the kind words.
I promise to keep looking at ways to help people all I can on Steemit!
That so kinds of you, I believe you will be able to do that. Since many will be behind you, I am one of them already. Keep it up with high spirits, as good deed will go nowhere except return back to you.
Indeed!
BTW: There is a contest on my blog that is giving away 150 SBD tomorrow. It is free to all. Hope you can stop by to check it out.
Many blessings!
I will, thanks for information.
Thanks again for these articles. It's nice to start getting the low down on this information. I have yet to use any of the services out there but am starting to think that I might have to. Hahaha... I am becoming much more aware of the vote count and the view count. You are right about the votes being higher than the views and it happens often. I am working my ass off as I described in your earlier post and really getting no returns for my efforts. I am getting some nice upvotes on my comments but am not seeing traffic on my own postings. The hard part is that you do put some time into the things that your posting. Another thing that is starting to stand out to me is the ease in which some people will just follow a user. I have been here for a week and am being pretty selective with the stuff I want to follow but somehow I have almost 40 followers. However, I have a strong feeling that nine of them are really looking at any of my content because the views are not there and they are certainly not upvoting. I vow to keep plugging away but might have to try some of these things out as you suggested.
Really love your comments -- I can tell you will do just fine.
Quality wins in the long run -- using these services just show off what you got!
Showing off trash would not work and eventually get you kicked out.
Thanks, I appreciate the encouragement. I’m gonna keep plugging away at it. I’ve been putting every bit of my SBD into Steem power but I think I’ll hold some back and give these ideas a whirl.
Just saw a post where a user who commented on the post now has 94 up votes. Hahaha... Clearly using some Jedi magic.
That's a very thorough look at what can be done with MinnowBooster and how to use it to ones advantage. Thanks for taking the time to put this together, I haven't seen anything comparable before.
Wow, love the "I haven't seen anything comparable before." I certainly appreciate it.
Hope others find it useful as well.
I had a feeling you already posted Part 2 but couldn't find it in my Feed. I should have gone directly to your Blog in the first place. Yes! Man you rock. You rock the boat so much. Can't wait for you to post the rest.
Btw, I experimented on some of the things you brought up in Part 1 and they worked. Will try this one for size soon.
Thanks a lot @bycoleman.
P.S. I thought of a name for you. Mentioned it in "Thoughts 2/9". Hope you like it : ()
Thank you. You are certainly helping me along with kind feedback.
They are powerful tools, it WILL help you get noticed.
I think Jesus was and is the great equalizer, I pretty happy to be a humble servant.
Many blessings!
You're right about the great equalizer. I'll have to think of another one.
Simply waooo this post is like a shiny star for new steemian
Love the way you explain
I guess this give proper brief of what to do n how to do
Thanks alot
@koolshani77
Thanks for stopping by and thank you for the Thank you!
See our 150 SBD contest (in my blog)
I resteem that n follow you back
Thank you!
Too much info at one post:-) hehe just joking. Just need to part it up. I have not gotten hang of the outsourcing part, I seem to be giving away my voting without meaning. Pushing to many buttons on different sites:-) slippery fingers or trigger happy :-)
Thanks for the comments!
There was a lot of material to discuss and there is still more to go.
Not sure if you know, but there is a 150SBD contest on my blog as well.
Nice post
Sneaky Ninja Attack! You have been defended with a 5.20% vote... I was summoned by @bycoleman! I have done their bidding and now I will vanish...Whoosh
Thank you.
You got a 2.27% upvote from @buildawhale courtesy of @bycoleman!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.
If you want to support our Curation Digest or our Spam & Abuse prevention efforts, please vote @themarkymark as witness.
Thank you!
8.39% @pushup from @bycoleman
This post has received gratitude of 2.71 % from @appreciator thanks to: @bycoleman.
Thank you.
About selling your vote..
What should be your upvote worth so that you can use this service..
Your vote sell is about 2.2 times what you get when you up vote someone and watch their payout change.
When you are new or do not have much SP it is not very much. Perhaps a few cents. The SP you have the more you can sell your vote for.
I read somewhere that your upvote worth should be a minimum of .03$ cause you can send a minimum amount of .01sbd to minnowbooster.
So if you are sending .01sbd you need to get at least .03$ worth of upvote back. So those users who still have an upvote worth less than .03$ don't have the minimum requirements for this..
Sorry for this mess I've written
I'm still trying to understand this
When you sell your upvote, you do not have to send any SBD to MB. They just use your voting power.
Sounds like you are referring to "Buying votes" this is when you send in an amount of SB and they up vote your content. The lowest you can send in is .01 and you normally get an up vote worth .027
Hope this helps. Check out part on on the series it explains that.
It does help..
Thanks friend
Thanks for a comprehensive article!
A quick question, if you lease 5000 sp how much would your upvote be worth at 100%?
Thank you!
Click this link then change the SP (middle section to whatever value you want to simulate)
https://steemworld.org/@mariuse
Many blessings!
Thanks!
That is a very useful tool:)
Indeed. I use it daily.
Thanks again for a great post!