It is advertised all over SteemIt: once you have a good amount of SP,, you can earn a passive income very easy. Is It? Or not? I'd like to hear your thoughts on this matter.
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Looking Up instead Of Down
I must admit it's a bit scary: For the first time since I started my SteemIt career in November 2017, I'm writing a post in which I am forced to look up, instead of down.
Straight from day 1, I have been focusing on finding ways to help newcomers find their way, coming up with ideas that would help them to grow their accounts.
Over time, a lot of those newbies were able to grow their account, just like I did. As a result, I'm not only looking down anymore, but also sideways, because my main peer group has reached about the same reputation score I have.
The only thing I have been avoiding is looking up...
I haven't really been mingling with the people who have bigger accounts than I do: the fat minnows, the dolphins, the orcas and the whales.
But today I have reached a point that I simply do not have any other choice....
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A Shot In The Dark
I realize addressing the people who are ranked higher in the SteemIt ecosystem is a shot in the dark. After all, most of you probably have no idea who I am.
Of course, there are a few exceptions. But aside from people like @abh12345 and @paulag, communication with all the others has been extremely limited.
The main reason for this can be found in my low self-esteem, but that's not the topic I want to discuss today.
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The Facts
With the price of Steem remaining at this low level, I decided it was time to act. If I ever wanted to buy myself some more Steem, this would be the time to do it.
Rather by accident, I ended up just below the 5000SP mark.
In other words, dolphinhood is just around the corner.
This significant increase in SP made me reconsider my habits.
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My Old Habits
Up until last week, I was offering interest-free delegations to newcomers and a couple of communities that existed to support newbies. I also delegated to @accelerator, a community bot, and @trufflepig, a Machine Learning bot that was created to help minnows and content curators. There were also 2 SMT projects in the list: @actifit and @steemhunt.
The revenue I received from those delegations was really small. Of course, there were the SMT tokens, but both @accelerator and @trufflepig payouts were as good as neglectable.
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Lucrative Way To Generate Passive Income
After purchasing that extra bit of Steem, my entire mindset changed.
Don't worry, I'm not planning to remove the delegations to the communities, nor the individuals, but still there was this little voice in my head telling me that this was the perfect time to use that extra SP to generate that little extra, passive income everyone had been raving about.
But the awful truth is that I don't know how to make that happen...
Correct me if I'm wrong, but if you ask me there are three ways to earn some good money if you have some extra SP:
- Delegate to the bid-bots
- Sell your votes
- Sell SP for lease
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So, now we're getting to the core of my problem...
1 . Delegating to the bid-bots, which is probably the most profitable of all, just doesn't feel like the right thing to do. Although I use the bots every once in a while, I really don't want to encourage the existence (and as a result, the abuse) of those.
2 . I've actually never looked into putting my SP on the lease market, so I actually don't have any idea whether this would be a good source of passive income or not. But again, I have my thoughts when I think about how people could use the SP they leased from me could be using to abuse the system.
3 . Selling Your Votes - I don't like the idea that just anybody can buy up my votes and use them to abusively upvote his post with. So selling votes is off the table too.
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This means that the three biggest resources of income are swept off the table, just like that.
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So... Now What?
So finally I can get to the point I had in mind when I started this article.
My big question to all you big guys (and girls) is this one:
'Is generating a passive income still possible if the above three ways are ruled out? And if so... How?'
To be honest, there wasn't a lot I could think of.
I added 2 more SMT projects to my list (@air-clinic and @cleanplanet), and went looking for more community bots. They were pretty hard to find, though. So far I have added @kiwibot to the list, and I'm still thinking about the Incin Community Bot.
I've also started an experiment I will keep going for a month, in which I delegate to the brand new @bid.bot. This is just out of curiosity, and to be able to make a well-thought-through decision afterward.
This second-hand revenue that is paid through these wannabe sources is very small. But hey, it's better than nothing, right?
I've done some extra searching, and came across another small passive income opportunities:
@DUnite pays out 85% of the total rewards pool to their delegators.
@betgames pays out 1 SBD per 100 SP delegated every 15 days
@Minnowsupport is another community bot - however I couldn't find any stats on their payouts. @qurator is another option.
I also bumped into a brand new 'game', SteemSnake that also accepts delegations. It's some sort of a curation game (read more here)
I keep wondering if the tiny passive income I would be earning from all those small initiatives would weigh up against what I am doing now: giving redfish and minnows rent-free delegations, so they can grow their account without having to worry?
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But maybe I'm missing something... That was why I wanted to consult you in the first place.
I would really appreciate some advice on this matter. .. A whole lot of advice, to be honest.
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Here are some basic questions I want to ask you:
Do you earn a good passive income by using the 3 lucrative ways I mentioned before?
If so, have you ever thought about it twice? Maybe you share some of the opinions I expressed above, maybe you don't. Or maybe you do, but you simply care more about the money...?
How come my consciousness is always standing in the way of me earning good money? Am I really the only one here on SteemIt that is so stupid to have principles?
Do you have any other sources of passive income? If so, would you mind sharing?
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