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