Welcome to the 22nd weekly installment of my series on Steemit income and growth!
Income on Steemit is generated by "investment" (the more Steem you have, the more you earn) and by "work" (earning Steem by contributing content that adds value). Already having invested my savings in Steem, I'm now "working" by uploading unique valuable content to the blockchain. My goal is to increase my average weekly income to 15 Steem.
Calculating weekly income
Considering income from accounts that I own, and that my wife owns, and accounts started as group projects with my funds (currently @drutter, @medikatie, @greatesteem, @hempy, @girlsofgreen, and @sativazeee), here's the running tally:
Week 01 - 0840 (+ ? ) Steem (+?%)
Week 02 - 0848 (+ 8 ) Steem (+0.95%)
Week 03 - 0862 (+14) Steem (+1.65%)
Week 04 - 0868 (+ 6 ) Steem (+0.70%)
Week 05 - 0876 (+ 8 ) Steem (+0.92%)
Week 06 - 0888 (+12) Steem (+1.37%)
Week 07 - 0914 (+26) Steem (+2.93%)
Week 08 - 0929 (+15) Steem (+1.64%)
Week 09 - 0936 (+ 7 ) Steem (+0.75%)
Week 10 - 0953 (+17) Steem (+1.82%)
Week 11 - 0960 (+ 7 ) Steem (+0.73%)
Week 12 - 0966 (+ 6 ) Steem (+0.63%)
Week 13 - 0973 (+ 7 ) Steem (+0.72%)
Week 14 - 0980 (+ 7 ) Steem (+0.72%)
Week 15 - 0986 (+ 6 ) Steem (+0.61%)
Week 16 - 0991 (+ 5 ) Steem (+0.51%)
Week 17 - 0996 (+ 5 ) Steem (+0.50%)
Week 18 - 1032 (+36) Steem (+3.61%)
Week 19 - 1040 (+ 8 ) Steem (+0.78%)
Week 20 - 1045 (+ 5 ) Steem (+0.48%)
Week 21 - 1051 (+ 6 ) Steem (+0.57%)
Week 22 - 1059 ( +8 ) Steem (+0.76%)
Average weekly income (last 10 weeks): +8.8 Steem (+0.94%)
A slightly better week of payouts stems the bloodloss, but the numbers are still very low compared to a few months ago. Upvotes are very hard to come by, even for those of us putting out exceptional content week after week.
As for reputation, our top 3 accounts now have 48, 51, and 52. Rep doesn't do a lot on the site, but it's not negligible either. We hope to climb (crawl?) through the 50s over the next few months.
STEEM has clawed back up to 91 cents each right now, but looks ready for another fall toward 75c. It needs to head North of $10 for our goal of 15 Steem per week to be worth withdrawing.
So overall, the chances of turning our hard work and site-building here into any kind of paycheck, even enough to buy a camera to replace the dying one we've got, are somewhat low.
Steemit needs to begin attracting new members (and keeping them), and encouraging them to invest their money and content here. If that happens, I have to continue working full time and pumping out great content. If that happens, I need the price of Steem to go up at least 1000%. If that happens, I need the continued support of other Steemians that find my content worthwhile. If that happens, I'll get my new camera.
It's still possible, so I'm not giving up!
Keep on Steemin' on.
DRutter