The purpose of this post is to send to my Hive newbies who I have on boarded and have just started their Hive journey and those that have gone dormant.
I do not really think that Hive is for "money". If I have to consider the sort of money that I need in my finances just to go day to day and week to week, it is immense. I think that a lot of newbies look at Hive and look at the effort expended to do posting and engagement in order to gain a financial reward...
And that is what this community is about is it not? Blogging, web3, crypto and finances.
Well... the subject of finances are a little more complicated than just saying: money.
Money on the Table
We all know that money on its own does nothing and is not even worth anything. I can put $100 on the table and we can all sit and watch and wait for the $100 to do anything. Of course as a realist, and someone who is not on some sort of drug (or not taking their medication), we would not expect the $100 to do anything on its own.
$100 is rather easy to spend. From a bit of groceries here, to a bit of transport money there or a small treat for the family and the next thing you know, the $100 is gone.
The Quantifying problem
The error for Hive newbies is that they want to quantify the effort against the reward. They want to make a calculation of how much their time is worth.
They also come onto the platform and look at the established bloggers and are in awe of the values that they hold. They were with me on my journey 2 years ago when I was making it from Redfish to Minnow and they were Redfish.
Now I am nearly at the Dolphin category and they are still Redfish and inactive for many many months.
Some people might be fortunate enough to start using Hive and invest a chunk of savings into the blockchain. If you have the spare money that you are not going to need for everyday usage and you want to put that $100 on the table to good use, I would recommend it. It will greatly benefit your overall growth!
However, most of the Redfish on Hive are here with minimal investment or no investment at all. On Hive you can go from 0 to 10HP in a week, maybe two. Maybe less... but you need that 7 day period to start earning from your actions.
Some people post and wait the 7 days before posting again... When they begin posting, they look at the last post they did and look at its value before deciding to make another post... they are trying to quantify.
I saw that this is the wrong mindset.
If you have to do the basic maths of working out how much it will require an account to make $100... and this is generally done by a Hive newbie, they will end up calculating a massive sum of money that will seem insurmountable and not worth their time.
Then we look at the stronger accounts who, with minimal effort would create $100 worth of value in a short span of time.
Inquantifyable Freedom
I am a stats-guy. I love looking at the numbers. I love quantifying them and putting them on a spreadsheet. But I do not try to work out the effort per hour. Because I know that one post will pay me 5c per hour and another post pays me $200 per hour.
Instead of trying to quantify the efforts of blogging per post per minute, you need to use Hive as a social space and continue to add value to it and build connections.
What you are doing here is not creating $100. You are creating and investment. Staked HIVE makes interest. HP grants you curation payouts when you vote. HBD savings generate interest.
This is creating passive income.
If you had to imagine yourself as someone else, someone who has no job and no family. Just a person on their own and you had to attempt to make passive income. Where in the world could you make passive income from zero investment?
To make passive income worthwhile, you would need to have considerable money outside of daily living requirements.
Hive gives us the unique opportunity to create a passive income and incorporate it into our lifestyles.
This is the key - Make it part of your routine.
This comes down to my personal golden rule:
Live to Blog not Blog to Live
Sounds a bit insane.
What I mean is: Blog about how you live. Do not make things happen, just to blog about them.
An example would be Foodies Bee Hive: Blogging about food. You are alive and you will probably eat. If you make food, you can take some pictures and make a food post.
Another example is Gardening: You are already gardening! The content has already been created. You just need photos and text to go with that.
I also recognize that not everyone has the same abilities or mindsets. However, there is a platform on Hvie for everything: Short content platforms, Video Platforms, Image album Platforms.
Therefore all you need to do is find the platform that suits your needs!
Hmmm... this requires some experimentation!
But let me get back to the POINT.
Hive is a something you can do alongside normal life. Hive lets you earn something that can create passive income from the very beginning at a small scale which you can then build up over time.
This is a great opportunity and you should not let this slip by you!
What are you waiting for?
Make a post!
Thank you for reading this post!
Cheers!
@zakludick
Nice work with all the onboarding and this write up. I like to think of it as a great example of compounding if you can be consistent it work.
!LUV
!ALIVE
zakludick, new.things sent you LUV. 🙂 (6/10) tools | trade | connect | wiki | daily
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@zakludick! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ new.things. (6/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Thank you and absolutely. Because of all my stat collecting every week, I can show that consistency works not just for myself but for many people. There is really no other way.