For Beginners: How to Invest in Steemit - Understanding club5050, club75 and club100! (@steemalive 10%)
Introduction
If you are new to Steemit, I warmly welcome you to this presentation. Part of my job as a Promoter is to educate you on best business practices that will enhance your rapid growth on Steemit. We all appreciate the importance of investments in any business. So in this presentation, I will explain how you can invest in Steemit and grow rapidly - both in your personal earnings and your opportunity to get bigger support (Votes) from the Steemit team.
Here are the questions I will answer:
- What is the best way to invest in Steemit?
- How do I join Club5050, Club75 or Club100?
- How do I get the funds to invest?
- When should I start Investing?
What does Investing in Steemit involve
Every business needs some form of investment to grow. Almost all businesses require capital investment for long term sustenance. Steemit is no different. While you can join Steemit with virtually no money and gradually grow your account, it should not always be the case. You can actually have rapid progress on Steemit if you invest here. So the important question here is: What does Investing in Steemit involve?
The most important way to invest in Steemit is to hold some Steem long term. That portion of your Steem which can be held long term and influence your earning on the platform is called Steem Power. The Amount of Steem Power in each account determines the value of votes it will give to a post and the corresponding curation reward.
When you vote a post, how much value it gives to that post is determined by the Steem power of the voter. Also, how much the voter makes (curation reward) from voting is determined by how much Steem power they have. The bigger the Steem power, the bigger the voting value and curation reward. So when you hold much Steem in your Steem Power, you are making your account more valuable and the Return on Investment helps you grow faster than usual.
Basically, the bigger your Steem Power, the bigger your curation reward. And as your curation reward - your earnings from voting - adds up in your Steem Power balance, the account grows and become more influential. Not too long ago, the Steemit Team launched a project which encourages people to invest in Steem, grow their account and probably get reward for doing so. The Project has 3 major categories of investors - club5050, club75 and club100.
This leads us to the next question:
How do I join Club5050, Club75 or Club100?
In this section, we will now see how to join the various investment packages and why you should consider doing so without much delay. Club5050, club75 and club100 represents various investment levels which you can join as recommended by the Steemit Team.
How to Join Club5050
Club5050 is an investment package measured monthly. Investors in club5050 are Steemit users who convert at least half of their Steem to Steem Power. As they write posts and make earnings, they power up 50% of all the Steem they earned within the last 1 month. Users in club5050 always include the tag club5050 in all their posts so that they stand a chance of getting support from the Steemit team - aalthough the support at this level is small and not guaranteed. However, a user that joins club5050 by powering up half of their earnings will be able to grow their account systematically over time.
How to Join Club75
Club75 is a significant upgrade to club5050. The calculation period for club75 is 2 months. So users in club75 must have invested 75% of their earnings by converting it to Steem Power. Another way of saying it, is that club 75 members power up three quarters of their earnings or steem in the last 2 months. Doing so will make your account grow much faster than a user in club5050.
Another great benefit of being in club75 is that the user has a greater chance of getting bigger votes from the Steemit team, than someone in club75, although these votes cannot be guranteed. The main aim of joining club75 besides the probable votes is to grow one's account faster and increase the curation reward. If you are in club75, you are free to include the tag club75 in all your posts.
The next level of investment is really exclusive - club100
How to Join Club100
Club100 is for full-time investors on Steemit. These are people that believe in a future where their investment yields great rewards. To be in club100, you must power up all your earnings in the last 3 months. This is huge, isn't it? But it pays because your Steem power will grow with giant leaps. Converting all your earnings in the last 3 months to Steem Power also gives you the right to use club100 as a tag in all your posts. You have a much bigger chance of getting the biggest votes from Steemit team.
So you have seen that there are 3 levels of investment on Steemit.
club5050: Invest at least half of your earnings in the last 1 month as Steem Power. Tag to use: club5050
club5050: Invest at least 75% of your earnings in the last 2 months as Steem Power. Tag to use: club75
club5050: Invest all your earnings in the last 3 months as Steem Power. Tag to use: club100
At this point, a new user will have this important question pop up in their minds:
How do I get the funds to invest?
Since my account is just few days old, how do I get the funds which I can use to invest? Well, the answer is simple - there are two major ways to get the funds:
1. Author Reward: When you make your first post which is usually the introduction post, if it was verified and voted, you will earn from it after 7 days. The Tron, steem power and Steem dollar you earn from your posts is called author rewards. When you earn them, you can convert your Steem dollar to Steem and power it up. Thats a great way to invest from your earnings. If you make 7 posts in a way and some or all of them gets votes, you will have some steem to power up the following week.
To power up your Steem dollar, you must first convert it to Steem. Here is how to do it:
- Login to your wallet using your active key
- On your Steem Dollar balance, click the small arrow beside it and select market as shown below
- Enter the amount of SBD you wish to convert to Steem in the SBD box below, then click Buy Steem. Ilustration below
Click Ok in the new window to confirm the transaction. Once you do, you will get the Steem equivalent of your SBD in your wallet. You can proceed to powerup.
IF you do not get the steem immediately. Do not panick. Wait for some minutes so that the order will be filled.
Buy Steem with Cash: Another way to invest in Steem power is using fiat to buy Steem. After all, it is still your money which you can pull out when you want to. So we encourage you to buy Steem. Your mentor will help you buy steem from our members. Once you get the steem, you invest it by powering up. You can also drop a comment on this post if you wish to buy Steem but do not know how
When should I start Investing
Once your first post pays out, we encourage you to convert your Steem dollar as explained above and power it up. You can decide to power up all your earnings for one week, one month and so on. As a new account that has not done any transactions, you have the opportunity of joining club75 or 100 easily as you continue to power up without withdrawing any money. This will build your account and make you grow much faster as we have explained. So basically, from the 8th day (by which time your first post paid out), you should start investing - start powering.
Conclusion
It only makes you smart if you invest in Steemit. Joining club5050, club75 or club100 is the fastest and smartest way to grow in this business. You grow your account voting value and curation rewards. Also, you stand a chance of getting votes from @steemitblog - especially if you are in club75 or club100.
I wish you success as you choose to invest in Steemit, the best content publishing platform built on a blockchian
This is really helpful and we'll detailed sir. But sir, @focusnow one cannot get author reward if his/her posts are not voted especially for newbies like us who depends on your votes to get SDB for investing on the platform. I appeal that @steemalive community strong voters like @focusnow, @ngoenyi, @samuel20, @ninapenda, @sammylinks, etc should always help in voting up the diary posts of newbies just to encourage them and help them grow on steemit. Nevertheless, I appreciate you all for the ceaseless support so far. Please, we really need your votes. Thank you.
Noted sir,,, we are so sorry you feel this way. But just continue posting.....
Thank you ma @ninapenda
Thanks you so much @focusnow I now what to do with my earnings
Thank you for making this post, we'll do well to adhere to this wonder lesson. Is like I will invest in club100😊
Thank you @focusnow I have now come to know what this various clubs are all about.
Delightful and i must say, you are helping us to make our work easier for us a steemian. Well detailed and sometimes I ask myself if you study Steemit as a course in school👌👌👌💯💯
This is a complete lecture to all of us, thank you Boss.
Thanks for this sir, I really appreciate your support
Very insightful. Thank you very much sir
Great info.Thank you for Educating all of us @focusnow.
Wow! I like this lesson, @focusnow you are too much. More grace to you.
Very clear explanation here. Let me act fact fast to Join club 5050 from my meagre earnigs so far as a newbie. Thanks our great leader @focusnow.