Yes, cryptocurrency, based on blockchain
technology, is foundational to most micro-crowdfunding platforms. Cryptocurrency is to
blockchain as email was to the internet—the
first widely used application of a world-chang-ing technology.
While it may seem intimidating, it is akin
to the adoption of credit cards in the U.S.
back in the 1950s and ’60s. At first, there was
great fear and trepidation. People couldn’t
understand how a plastic card translated to
Now, most people in the developed world
use credit cards as easily as cash. Similarly, we
predict that cryptocurrencies will be widely
used by billions in just a few years.
Keys to Steemit Success
The keys to success on this platform, as with many others, are what Terry
calls the Three C’s of Success: Content, Community, and Consistency. To
be successful on the Steemit platform, you need to:
¢ Create CON TEN T that is compelling and satisfies a specific need.
¢ Cultivate a good COMMUNIT Y so that people will know you and
want to “upvote” you.
¢ Be CONSISTENT so that people get to know, like, and trust you.
Because of Steemit, we’ve been able to “get paid” for activities that
are normally an “investment” for speakers, such as going to a conference
(like Influence) where we don’t get paid but want to learn and network.
We take pictures and videos and convert that content to cash.
Terry did this recently when he attended CES, the big annual consumer electronics show in Las Vegas. Just posting a picture of his event
badge earned money!
We also have been taking “legacy” material—old articles, audios, and
videos—and repurposing it on the Steemit platform for a brand-new
audience—and, of course, money!
Posting on Steemit can take a lot of
time initially because of the learning curve. In addition to learning
about a new platform, you will
likely be learning about blockchain
technology and cryptocurrency. It
can seem overwhelming.
However, once you get the
templates, patterns, and systems
down, it is really fun and even
addictive. Plan to allocate one
to two hours a day for content
Terry has now created an
additional consistent revenue
stream by creating articles, videos, audios, and pictures, and
getting paid for it. He started very
slowly with just a few pennies per
post. But he now generates an
additional $1,000 to $2,000 per
month from producing content—
activity he was previously doing
The beauty of it is that this can
be repurposed into other areas and
used freely on other social-media
platforms and websites. And, we
know that this type of income
generation is in its infancy and