Making Money Like A Millenial: A Few New Ones

It seems like it has been a millennium since I wrote my last Making Money post. See what I did there?

All jokes aside here are a few new things I have tried recently to create some cash flow.

Heleum by Uphold: I jumped into Heleum back in its early days (i.e. last December) when crypto was riding high. I took about $100 of my Steemit money and put it into Heleum. It quickly tanked.

Heleum is a great concept, basically it does all the work of a broker for you. You put your money in and Heleum “launches” it out as “balloons”. These “balloons” are small amounts divided into different currencies, and not just cryptos. Heleum trades in several fiat currencies as well. Heleum’s algorithm watches the market and moves your balloon from one currency to another. If it works correctly in 30 to 90 days the balloon will “pop” at a profit.

In the six months I have had money in it, I have had one balloon pop. The profit of $1.79 was reinvested into a new balloon. The rest of my balloons have sunk and what was a $100 investment is now $30. I put a little more in when they announced some major upgrades to the algorithm, so far it is also in the red.

But. I have hopes for them. Uphold itself is a great wallet and exchange (albeit a little limited in its currency range). They have invested and continue to invest into their Heleum product and I think in the long run they will get the kinks out and the platform will be successful. Besides, hodling for the long term is the name of the game in cryptos. I bought in during a “high”, so of course I am going to suffer a bit in the low.

If you are interested in joining Heleum use my referral code here.

Robinhood: Robinhood is an app which allows laypeople like me to buy and sell stocks with no (or low) fees. Stocks are less risky than cryptos for the most part, although Robinhood does allow you to purchase a few cryptos as well.

I joined it thinking it would be a bit like Heleum but with stocks. I was wrong. Unlike Heleum, the user has to initiate the purchases and trades. So while it’s easy to use and you don’t pay fees, you still need to do your research and make sure your purchases are wise. I can see someone losing a ton of money if they don’t know what they’re doing.

So far it’s been fun. I don’t have a lot to invest, but I picked up a few penny stocks and my investment has stayed pretty level for the short term.

Note: sign up using a referral (hint hint mine) and you and the referrer get free stock. I didn’t know about this until it was too late and missed out. Perhaps some of you can help… 🙂 I have made a couple of referrals and it’s been fun getting a few stocks I would not have thought to buy for free. Click this link to get the app with my referral!

SoloLearn: this is an indirect way of making money. SoloLearn is an app where you can learn basic skills in several computer languages for free. It won’t give you a degree or anything but it is a stepping stone to further learning.

Right now I am learning SQL, a database management language. From what I have been told by an acquaintance in the field there is a high demand for Database Managers and if one can become proficient in SQL they can easily land a job paying $30/hr part time.

It’s boring, honestly, but the payoff potential seems worth it. I’ll keep you posted on my success or failure (probably this winter, when I have reliable internet).

The last few are Steemit centered:

Steepshot: for lack of a better way of saying it, Steepshot is the Instagram of the Steemit universe. It’s still in Beta so it has some problems occasionally, but for the most part it is just as easy as it’s non-paying counterpart. If you aren’t into blogging but you still want to jump on the Steemit bandwagon, this is a great way to do it. Post pics, get paid. Pretty simple.

DTube: again, for lack of better comparison, dtube is the YouTube of Steemit. I know many people make money on YouTube, with this the money is a direct result of how popular your videos are. No affiliate linking, no marketing, just upvotes. I haven’t done much with this since I’m not much of a video maker, but I have seen tons of people succeed on it.

Busy: Busy is Steemit, just under a different team. But it offers a few features that Steemit doesn’t. Busy allows plankton and minnows to determine their voting percentage, which is a big deal if you are limited on voting power. It also allows you to upvote your post when you post it, something which disappeared from Steemit mysteriously. Probably my favorite thing about Busy is that it allows you to create a footer to go at the bottom of each post, this is super helpful when you have a site or service you want to promote.

Anyone out there have any more suggestions for ways to grow income with little to no monetary investment? I am definitely interested in trying new ways to make money and telling everyone about them. Let me know in the comments what you think I should try next!

If you’d like to read the rest of the series start here.

Advertisements

What I Use to Climb Up The Steemit Ladder

Again, a post which might not be much use to exclusive WordPress users. But hey, if you’re having success here, maybe you will have success on Steemit.

Here is a list of things I have recently found useful on Steemit, as well as a few old ones.

SmartSteem: I used SmartSteem for a while without knowing it’s full potential, I even wrote a post about it a little while back. Smartsteem is great for increasing your Steem Power as well as getting a few more SBD’s out of your posts. But it’s good for more than just that. You can delegate some of your SP to the bot and share in the profits from it. You can also sell your votes and not only will SmartSteem pay you, you will get curation awards as well. It’s not a ton of money but a steady trickle is better than nothing.

Minnowbooster: again this is one I have used for awhile. They also provide a delegation service and a place to sell your votes. I’ve never been disappointed with them.

@bubblebee: this is one of those services that sends you a transfer saying “use my service!” and promises a bunch of great things. In this case it promises 50+ upvotes in exchange for 0.5 SBD. I was skeptical about it but after using it a few times it has definitely delivered. You won’t get 0.5 SBD worth of votes, but you definitely will get 50. I reserve this one for times when I want to get somewhere close to the trending pages.

@haji: another one of the spammy kinda users. I got way more votes out of it than @bubblebee as well as some resteems, but not the 1 SBD I sent to it. Again, great for trending.

Steembulls discord channel: this channel offers an upvote exchange. Vote for the post above you then post your link. Pretty simple way to get at least one vote. Plus you get to meet some other people, and networking is key on Steemit. @Steembulls is a great community for meeting other Steemians. I do warn you though, don’t get too post happy. I posted more than the limit of one per 12 hours and got cut off. They were gracious enough to let me back in when I groveled a bit.

Busy.org: How do I describe busy? Well, like the name it is a bit busier than steemit.com in terms of layout. But it gives the advantage of allowing you to create a footer to go on all your posts and allows you to auto-upvote your post when you post it. I haven’t found much more of an advantage than that honestly. It’s still worth checking out.

Steepshot: Steepshot is a great place to post photos and art. There is a great community there and since it displays just photos it’s great for visibility. Even though it limits your description to a short paragraph, it gives you the ability to use up to 20 tags instead of just 5. I highly recommend this if you are a photographer or artist.

I hope these are useful to you. Keep checking back for my disclaimer on vote buying. It’s going to be a douzy.

Just How Smart Is “SmartSteem”?

SmartSteem logo used by permission.

This may not be of interest to my WordPress followers, but anyone who is on Steemit should find this valuable.

A few weeks ago I realized I had not won a @photocontests contest in awhile. I thought maybe it was due to my use of SmartSteem to promote my posts. Then I noticed that @juliank, the sponsor of the contests, also uses it on occasion.

It turns out my photography is just crappy.

But it got me wondering, if someone as huge as @juliank uses it, it must be profitable, right?

I never actually did any calculating, I just took @smartsteem ‘s word for it that if you send them any amount you will earn 180%-216% (15% ROI) of that amount (after 25% curation).

So I decided to do an experiment. I decided to keep track of a week’s worth of my posts. I would spend various amounts on each post and see what the payouts ultimately were.

I made a spreadsheet for all the info and calculations and entered in the data once the votes stopped rolling in. Then I reran the numbers once the payouts occured. Most of the time they changed because of the fluctuating value of Steem Backed Dollars (SBD).

Method:

As soon as I made a post I upvoted it. Then I visited SteemBotTracker.com and used the SmartMarket bot to purchase votes.

I then waited for the votes to stop rolling in, or for the refund to come back. SmartSteem returns whatever it can’t spend on votes. I would then subtract the refunds from the amount spent to calculate how much I actually spent.

I did have to re-enter my bid on a few occasions. I only did this if the returned amount was 80% or more of the total amount allocated.

I then recorded the reward in SBD, subtracting my upvote amount from the total, since that would be there ordinarily.

I didn’t break down the votes by whether they were from SmartSteem voters (you can find out from your SmartSteem profile) or organic votes. I assumed the organic votes were harvested from the exposure from the SmartSteem votes. This may not always be the case, but for this experiment I made that assumption.

I also recorded the Steem Power rewards. It was not possible to calculate a rate of return for these since I only spent SBD and not STEEM in this experiment. I converted the amount of SP into SBD at the end just to see what difference it made and it made quite a bit of difference.

Overall I spent $39.203 SBD with an initial return of $38.914 SBD and 11.37 SP.

Results:

Actual return in SBD was $29.934. This was a 23.64% loss.

SP return was 10.246. I converted this to SBD (1.39 SP/SBD) and found the equivalent return to be $14.27 SBD.

Adding the total return of SP and SBD gave an ROI of 12.77% ($14.21 SBD). Given that SmartSteem has a flexible ROI I would call this close enough to the 15% usually quoted.

Pros of SmartSteem:

Easy to use, just go to https://smartsteem.com or https://steembottracker.com/ or send Steem or SBD through a transfer.

Gains user post exposure by getting posts into “trending” or “hot” categories.

Gains user followers.

It’s easy to keep track of votes and their total value on the SmartSteem site.

Great customer service through their Discord Channel. The few times I have had issues with refunds, @TheRealWolf has been more than willing to help.

You can buy upvotes for any post, even if they are not yours. This allows you to do a little undercover charity work for smaller minnows or people working for a cause.

Cons:

If you are hoping for a positive return just in SBD you will be disappointed (unless SBD value is on the rise). I think this very thing is the reason SmartSteem has had some negative press lately. The guy spreading the slams doesn’t understand how the returns work.

Sometimes you have to send your bid a couple times to get it through. This is more of an inconvenience than anything else.

Conclusion:

While my SBD return was a loss, overall return was a gain when one considers SP as well.

SBD dropped in value 24% from the first post to the last payout. This definitely had a negative impact on the results. In fact it lines up exactly with the difference between initial returns and actual returns.

SmartSteem is definitely not a get rich quick scheme. Like anything on Steemit it takes patience and time. It does however offer an easy way to snowball returns for quicker results. You don’t have to buddy up to some whale anymore for decent payouts on your posts.

Overall, SmartSteem is an easy to use tool to gain Steem Power, SBD, and followers. It is a great way for minnows to grow into dolphins and whales quicker than simply waiting for the system that is Steemit to find them.

If you want to get in on the action and give me a little bit of credit, use my link to join: https://smartsteem.com?r=driptorchpress

Thanks for reading!

Making Money Like a Millennial: Instacart

Instacart_logo_and_wordmark.svg

For this one I had to interview the wife. She did this. Not me. So here’s what she had to say, paraphrased of course.

What it is:

Instacart is a grocery shopping and delivery service that saves its costumers time and energy by allowing them to order groceries online.

On the shoppers end Instacart is an app which allows you to choose blocks of three hours to work in specific neighborhoods in your area. You can either sign up as a full-service shopper who shops and delivers or an in-store shopper who shops for orders within the store for pick up by the customer.

Whatever floats your boat.

How to get started:

Sign up as a shopper and download the shopper app from the Instacart site. Answer some questions, and wait for what seems like forever for them to accept you and send you the Instacart card.

General experience:

Unlike Uber where you can just jump in your car and start driving, Instacart requires you to apply for 3 hour time blocks in specific geographic areas.

Get in the zone…

The blocks are opened up every Wednesday and are first-come first-served. If you have “early access status” you can sign up for hours the Sunday before.

This screenshot sponsored by Uber.

When you are scheduled to work, drive to the geographic area you signed up for and wait for a call. Usually it makes sense to park at the grocery store you most expect an order from. This is not an exact science, sometimes you will get an order from a store on the other side of the “zone” you are working and you’ll have to spend time driving there.

Once you get the text you have a certain amount of time to accept the request. If you don’t accept it in time the request cancels and you get a ding on your rating. Before you accept it, you can click on the request and it will tell you how many items are in the order, how far away the purchaser is, and how much time you will have to complete the order. This can help you decide whether or not to accept it (though it is in your best interest to take it).

Then you shop. During shopping you can communicate with the customer via text if there are any items you need to substitute or anything you are unable to get.

Each list is divided by product type and in theory by store aisle.

Once you finish shopping you pay with the prepaid Instacart card. Then you load up and a drive to the customer’s house. You unload the groceries for them usually, but sometimes they will help if it is a particularly large order.

Make sure you inform them that the “service fee” is not a tip and the shopper never sees it. The customer will need to click on it in the final total screen and erase it before completing the transaction. If they want to leave a tip that has its own section.

How much money are we talking here?

During Thanksgiving week she made $500, but that was a super busy week. Usual revenue is more around $150, it really depends on tips. If you are nice, and you explain the “service fee” nonsense, folks are a lot more willing to tip.

People are so generous at holidays…

What makes it particularly difficult to make money is the fact that it is hard to get hours with the free-for-all system that they use to distribute them. We have heard that it has gotten easier recently though, so you may have a different experience.

General tips:

Try to get two orders at once. That doubles the money per hour.

Make sure you jump on the app early during the hours selection period every Wednesday. If possible qualify for early access by working 90 hours in 3 weeks or 25 hours in the past three weekends.

A rare day with hours available…

Bottom line:

Instacart is fun, you get to meet some cool people and enjoy the challenge of shopping on a time schedule. Money wise it’s not the best if you don’t jump on the hours when available, but when combined with other shopping services like Shipt it can be a great way to supplement income.

Making Money Like A Millennial: Steemit Part 2

Last week I talked about Steemit and offered a couple of tips to help you succeed. I ran out of space so I decided to spread out the tips into a second post.

Here are the tips that I left out of the last post:

Discord Groups:

Want something more confusing than Steemit? Get Discord. Discord is a chat app which supports text and speech. It’s mostly used by gamers but there are quite a few Steemit related channels on there. Once you get the hang of them they are actually kinda cool and easy to use.

Some of my favorites include:

Peace, Abundance, and Liberty, this is probably the biggest Discord channel for Steemit users. It includes over a dozen chat rooms about topics from poetry to photography to sports to rap battles. Like all the others I will mention here, it includes a “post promotion” room just to post links to your blogs in. Unlike the others it also has three upvote bots you can register with and use simple commands to get a couple extra votes.

Minnowbooster, this is not nearly as extensive as PAL, but it has a post promotion room. It also has information about using the @minnowbooster upvote bot.

TPot, not sure why I like this one so much, it might be the logo. It’s a bit more cozy and intimate than the rest.

World Of Photography, this is the Discord group for participants in @photocontests.

What else? Oh yeah. Register with @ginabot. “She” can update you every time you get an upvote or a resteem and every time you get a wallet transfer. Very helpful!

Steemstats:

Steemstats is a great page which will allow you to keep track of your voting power, your incoming votes, your upcoming rewards, as well as all of those things for any other Steemit user.

Which brings me to this tip: keep an eye on your voting power. Don’t go voting for everything on your feed. If it gets too low your votes won’t be worth much and your curation rewards will suffer. I like to keep mine above 80% if possible.

SteemAuto:

SteemAuto is a tool for more experienced Steemit users. If you use it incorrectly you could end up harming your account. So be cautious.

With SteemAuto you can create a “fan base” of people you will automatically upvote every time they post. You can even set upvotes for every time they comment. You can see how this can lead to a draining of your voting power, so use it wisely.

You can also schedule posts to post up to 100 hours later. This is helpful if you are going to be away from your phone or computer and you want to make sure you get a post up in time for things such as contests.

steemauto

Another helpful feature of SteemAuto is automatic reward collection. This handy tool collects your rewards for you so you don’t have to check your wallet 30 times a day like I used to!

There are other tools on there that I have not yet explored, but I imagine they are as helpful as the rest.

Steem Dollar Ticker:

SteemDollar

This handy site is great for calculating just how much your wallet is worth at any given moment. While your wallet tells you the total value, it doesn’t allow you to tell individually what each section is worth. This tool helps you do that.

SteemBotTracker:

This is another tool I would urge caution with. As of writing this I’m running a bit of an experiment to see if it’s really helpful. If used wisely, I think this tool could be very helpful to new Steemians to gain them some quick traction towards Dolphinhood. If used poorly, one could lose their shirt.

I’ll post more about this next week when I see the results.

Other Fun Stuff:

Steem Pacman: This gives you Steem for playing the classic Pacman game. Last time I tried it I didn’t get my reward, but it’s fun so check it out. They promise more games are coming.

Earncrypto: This is one of those “do things, earn money” kind of sites. You can set it to give you many different types of cryptocurrencies. I have mine set to Steem and I just run videos all night.

Coinmarketcap: This site will give you the prices of all cryptos, very handy.

I’m sure there are other tips and things that will come to mind after I post this, but I think these should keep people busy for awhile.

Anything Steem/crypto related that you use? Post it in the comments!

Making Money Like a Millennial: Steemit

Old and new logos. I prefer the old.

Thanks for your patience in waiting for me to pick up the series again. I have decided to start the new year off with my favorite way to Make Money Like a Millennial: Steemit.

This may end up being split up over a couple of posts since it is such a big topic.

What it is:

In short, Steemit is a platform which pays you to create blog posts and other materials.

It’s actually much more than that. Steemit is a social network platform designed to reward posters with a cryptocurrency known as “Steem” and “Steem Backed Dollars” (SBD).

I’ve heard it compared to Reddit or Facebook, but it really is its own unique format. It is similar to Reddit in that comment sections can get quite long and in that posts are almost infinite in subject matter. There are upvotes and downvotes also.

It’s similar to Facebook in that there are… actually no. I’m not sure why it is ever compared to Facebook. It’s pretty much Reddit, but with actual rewards for your upvotes.

Steemit1
My Feed page, which contains posts mainly from those who I follow.

How to get started:

Very simple, go here and choose a user name, give them an email address and a phone number, enter the verification code, wait for a confirmation email, sign in and you are on your way!

steemit2
My Blog page, you can see the upvotes and amount of SBD for each post.

The best way to start your Steemit career is to post an introduction post about yourself. Basically just tell us your niche in the Steemit world. Do you write about cryptocurrencies? Do you blog about politics, love, marriage? Are you a photographer? Painter? Tell us about yourself!

What do you do

General experience:

Steemit is definitely a learning curve. The platform itself is relatively easy to use, but the finer details for success take time to learn. You won’t get rich quick by any means with this.

Overall I have enjoyed the experience. I like blogging anyway, so Steemit just adds to my experience.

How much money are we talking here?

I didn’t know a lick about crypto currency when I started and I didn’t bother to look into it for almost a year. Knowing how to trade your Steem and SBD for other currencies is key to success with Steemit.

At first you won’t make much at all. Your upvote will only be worth about $0.01 SBD and you won’t be out there in front of a lot of people. As you gain followers, get more upvotes, and upvote stuff yourself you will gradually watch your wallet grow.

My Steem wallet is currently worth about $3,000 US. Most of this is locked up in Steem Power, which is not easily converted. In the past four months or so, I have moved about $500 off of Steemit into other currencies. So, at my pace (admittedly slow, I was off Steemit for about 3 months) you can make about $3,500 a year.

I have seen some folks who have been on only a few months who already have twice as much. It depends largely on your content and how many whales you attract.

Also, just like any crypto you are able to invest your own money into Steemit. If you choose to do this your votes will be worth more and you will earn money quicker.

General tips:

Where to start? I may make a second post to give you all the tips, there are loads of them.

But for now I’ll give you these:

Stick with it! Persistence is key for most things in life, and Steemit is no exception. Post every day, even if it’s just a photo of something cool you saw the day before.

Comment and upvote, carefully. Don’t just scroll through your feed and ignore everything. Don’t scroll through and upvote everything either. Vote for only the stuff you think is really good. In the beginning you won’t have a lot of voting power, so use it wisely. And please, comment! A great comment can get you a new follower or two. And since it counts as a post and can be upvoted, a great comment can make you money.

Don’t follow everyone! Like upvotes, you should only follow people you think will post good stuff. Otherwise you will end up with a feed cluttered with crap. No one likes crap. It’s good to have 500 followers, it’s not so good to be following 500. Which reminds me, I need to go purge the rolls a bit.

Bottom line:

Steemit is a great platform to post blogs, photos, artwork, and just about anything else you can think of. With some persistence you can make a good amount of money. So definitely try it out.

And when you do, follow me. I don’t post crap! 🙂

Making Money Like a Millennial: Miscellaneous Tips

Since my next few installments of this series are going to require some research I have decided to put them off until next year. Thankfully for you next year is next month…

For now, here are some miscellaneous tips that I may have missed in my first four:

Unemployment:

In New Mexico, one can make up to 20% of their unemployment in other money before it affects your unemployment. As in, you can make up to $85 driving Uber before they reduce your $425 unemployment check. 

Arizona deducts dollar for dollar. I don’t know about other states, check with your local office for information. 

Uber and Lyft:

Get used to many many smells. Between the food you pick up for deliveries and the potheads who obviously don’t realize how much that stench sticks, you are going to smell many unusual and strong smells. You may want to keep an odor neutralizer around for the lingering ones.

And that one. And that one…

Which brings me to my next point. If you should happen to be able to tell that your passenger is enebriated, drive extra carefully. You wouldn’t want them to create an extra long-lingering smell for you in your back seat. I have heard there is a substantial clean up fee that Uber will charge for this, but who wants the hassle to begin with?

Uber:

It looks like they have finally added a feature like the one Lyft has which allows you to go online from any screen. But I haven’t been able to figure it out. So I would stick to the plan as outlined in my previous post.

Pizza:

Take a pen. Two pens if you can. 

Wear a shirt with two pockets. One is to hold your wad of twenty ones (for change) and one is to put your tips. Pants pockets tend to get a bit more sweaty, particularly if you are running everywhere you go. 

Which you should. Not only is it good exercise, it shaves off precious seconds. 

Keep ten each of quarters, dimes, and nickels. And twenty pennies. This gives you plenty of change to give exact change. And if you dig enough your costumers often get impatient and say “nah, just keep it”. 

Keep it in a coin purse. There is nothing more annoying than dealing with loose change at the metal detector in the courthouse or town hall. Which reminds me… 

This is a deadly weapon… Leave it in your car.

Any sharp objects, including can openers, should be left in your vehicle. A lot of security guards are jerks that won’t hold something for you even if they can watch you walk in, deliver, and walk out. 

Don’t worry too much about non-tippers, eventually you figure out that most non-tippers are balanced out by good tippers. Two good tips can completely erase a non-tip. Besides, getting grumpy just makes you sloppy, and being sloppy is a great way to guarantee non-tips.

I hope these are helpful, keep checking back for more installments. If you haven’t read the rest of the series, please do. 

And if you have any tips or suggestions of your own, feel free to leave them in the comments section below!