Marketing, Advertising and #newsteem, OH MY!
(Edited)
Hello Steemians…
It’s been a few days since I appeared on the Witness Chat and wanted to update you on progress made from the suggestions, comments and overall conversation.
Community Marketing Effort
As we all know, Steemit needs a lot of marketing help. Without a solid budget, the time has come to get scrappy. Community engagement and support will help turn our lack of awareness, messaging and storytelling into a grassroots effort that will take things to a new level. Some of the things we have been working on include: a new brand strategy, marketing plan, updated messaging and a consistent voice. With Head of Communications, @andrarchy, and the community, we can develop a real plan, with goals, objectives, target audiences, delivery channels and finally start to implement marketing tactics to turn these weaknesses into positive ROI.
Next steps for this endeavor include: creating a document for community review and input, a call for marketing ambassadors to help lead the charge and then publishing an official Steem Brand Guidelines for anyone to use to promote the mission. By creating a detailed plan with actionable items, we can all begin spreading consistent marketing messages to get people excited about Steem/Steemit and what the future holds. So look for updates next week on how you can get involved.
Advertising Update: Sponsored Posts
Many of you may have seen the new “Sponsored” post feature starting with a post from @amfeix. As our first “Sponsored” advertiser came some new learnings. Amfeix is advertising on steemit.com, which brings in revenue to Steemit, Inc. This is a good thing. The question was raised by @yabapmatt (thank you) about how can we support our advertisers to give them the best ROI. Does a particular advertiser want to build their community here, or do they just want eyeballs, awareness and click-thrus? We discussed this today and definitely think there is a place for both types. As we continue to work out these scenarios, we again, welcome feedback. For example, if an advertiser just wants awareness and not community engagement, then those ads/posts become more of a Native Ad. No comments, users immediately see it is a paid advertisement and then choose whether or not to read on. The “Sponsored” post could be reserved for projects and businesses wanting to onboard their users to Steem, build their community and further support the Steem ecosystem. The main takeaway here is, we want good advertising partners that bring value and grow the community that is beneficial to all. More updates on this to come.
#newsteem
I really enjoyed the New STEEM... It's not like OLD STEEM post by @whatsup. A perfect example of how we will embrace the community and tell our story to the world. I agree things are new and different, but I also wouldn’t discount the leaders and team that brought us this incredible platform. It says a lot for Steemit’s leadership to make these changes in order to get where we need to go. No, I am not a blockchain engineer (I did make a B in Computer Science 101 at Texas A&M), but I do know how to create a sustainable, healthy business that is inclusive, transparent and listens to our community. We all have learned a lot since 2016, so I ask we take those learnings and only focus on the future.
Great things are coming, stay tuned…
-Eli
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Is that supposed to be a secret message or something?
P.S. Just kidding!
What Does FUTURNIE spell, or acronym for??
You could choose any letters for the sides??
OK!
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Thank you Ma for speaking out. This approach gives me hope about Steem. On #Newsteem, it's time we spread more of the awareness.
However, it's sad that some minnows put in so much efforts to promote steem, yet, they rarely gets noticed. We may not hold much powers that show how much we invest on Steem, though we know how to make the noise. I wish that the marketing system coming Will give everyone a levelled playing ground and allow all to get rewarded irrespective of Steem power held.
We hope @andrarchy speaks soonest. I am personally co-hosting a business summit which steem will be topical. It is a personal NOT a community project. It is Borne out of my love for Steem and a desire to empower my people on this innovative platform.
Thank you.
I
I think STEEMIT should enable ads with upvotes only, give the advertisers more incentive, however protect them from the trolls at the same time! Pre-screen ads, block the downvotes!
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It's really nice to see you sharing your insights with the community.
Have a great day!
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I look forward to increased marketing on Steemit. Thank you for the update!
Glad to hear those “hints” of plans. Keep us posted.
Thanks.
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Glad you picked that up! @whatsup is making positive changes for this blockchain! i love it!
I started a TokenBB for NEWSTEEM . A place to gather resources and thoughts.
🙌🙌🙌
🙌
It’s a nice quiet place to just spitball ideas without making a root post that goes into everyone’s feed.
super cool, I remember Justine saying this about like an ambassadors program in slacks months ago....teamwork makes dreams work
Steem on!
Keep up the good work @elipowell , and thanks for the hard works, again I mention here, you guys need to create an app for mobiles so then there will be more users, also features which people would like to use like how many people just join Instagram only because of the features it gives to users.
thank you so much! :)
That Community Marketing Effort sounds just like what @justineh proposed a while back.
Good job, Justine! Your voice was heard!
Now...let's see if it actually gets done this time...or if we just end up with another Steem dog park.
Hey @elipowell, I suggest you use the "decline payout" option when posting about business information, and not simply blogging. I have seen this done in the past by other Steemit members and some witnesses. Some authors like to have the rewards pool all for themselves...
I disagree. She posts, she is an author, she should receive post rewards. Much better than the alternative - no communication. Plus, "decline payout" also means no curation rewards, as far as I know.
I agree with you, but some people will disagree. One day, when people are angry at Steemit, Inc, they will just throw random accusations and taking rewards will be one of them.
So why anger people needlessly? Even if they are wrong, she’s the Managing Director and should try making everyone happy. She doesn’t need the 5$ from this post so why not avoid making some guys angry?
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This is one of the last reasons one would have to be angry at (more like disappointed in) Steemit, Inc.
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@marki99
https://steemit.com/steem/@andrarchy/the-importance-of-dogfooding
Saw this post, they can dogfood without accepting rewards. Remember @ned’s selfupvote? Look up the amount of posts written about that.
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without up /down votes that would be considered fake doggy food to me
Thanks - was going to post this same link, but I see you already did 🙂
When you try to make everyone happy, you end up making no one happy. People will people and some will complain. There is no reason for @elipowell to not accept rewards on posts she takes the time to write. People were complaining she wasn't posting, now she is they will find something else. Complaining will never end.
I'd like to see Stinc reliant on post rewards for it's income, instead of programmatic sales of Steem.
That would provide some much needed incentive for them to produce good results.
Post rewards themselves are a sort of an indicator, maybe even better than comments, because they are quantifiable. And declined payouts produce an anomaly, because many will not waste their VP to vote on a post which has rewards declined, even if they like it.
I don't spend my VP burning Steem on such posts. I'm pretty sure those folks that seek rewards prefer my VP spent there instead.
It is exactly the power of rewards that enable Steem to provide society mechanisms to effect, not only discuss, governance. I suspect that this is exactly why Stinc doesn't rely on rewards to fund their governing of Steem, because they're governing that society for ninjaminers, and not the platform. Bad government will be poorly rewarded by such overlords, who seem to care only for their wallets. Were Stinc rationally based with intent to effect a just society, I reckon rewards would work well to fund it, but many things would be different were that the case, and none more than the ninjamine.
There has been discussion to let members of the team post like anyone else. In the early days you would be right, but we are doing a more "eat your own dog food" mentality going forward.
Thanks for keeping the community updated Eli. In terms of marketing and PR, @jrcornel had a great post on some things we can collectively highlight. Have a look at his post here.
I suppose it was @yabapmatt and not @yabbpmatt :)
Nice one
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'Great things are coming, stay tuned…'
nice!
Another great new on the pipe, now the markething effort is moving forward. You need not to forgot the 777 challenge movement on Twitter.
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I think that it's great that we are going to start a concentrated marketing effort to promote the steem eco system.
I would also say that before we do this we need to fix our entry point to steem.
https://steemit.com/palnet/@niallon11/delete-steemit-com-we-can-do-better
I know that you own steem.com and would implore you to get that set up as a proper portal to the steem blockchain with steem.ninja to open accounts and a live feed with the best of all our apps to entice users. At the moment I can't bring friends to open accounts as it is too complicated and unappealing.
I feel we need to have a portal into the blockchain where we can sent interested people that gives them the best possible introduction and shows us in a positive light. First impressions are hugely important and until we get it sorted I think we are fighting a losing battle.
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Hi @niallon11 I wanted to invite you to the NEWSTEEM forum to better help memoralize all these great ideas.
@elipowell, I want to propose one more practical method which can bring more revenue to STEEMIT INC., upload daily or weekly videos on STEEMIT's Youtube Channel. Grow your subscriber base. You can simply do a blog post here and everyone will join the YouTube channel if they haven't. Probably make a separate id to upload videos on @dtube and leave the YT's link as well.
Ways to make money on YouTube:
Why this is beneficial
Honestly speaking, you can run Youtube Ads and get even 50k Subscribers quickly. The question is, would you guys be able to put up regular content on YouTube? If you are regular, you will start getting views since we already have an audience who can give you decent watch time.
We are in a social media ecosystem and STEEM is not the only one. Target other's as well. Use its full potential.
This is what you guys can practically do which can benefit not just Steemit Inc., but the whole community.
There has been 2 videos uploaded in the last 10 days. Upload probably 50 or 100 by the end of this year. What if we hit a million views on YouTube? How massive that would be.
#NewSteem
She could even eat her own dog food and post to Steem Leo. A Tribe around crypto investing.
Sorry but then @noleo4u.
What is wrong with Noleo4u ? it is funny.
Haha. Flags xD
Awesome idea!
Empower youtube account and get 2 revenue streams instead of 1!
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Great to see the team embracing the community’s need for more marketing! Excited what the #newSteem can bring to all of us that have remain committed!
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I think you should try to land an interview with Bad Crypto Podcast. They have massive audience.
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Great idea, do you have a good contact?
Thanks for replying! Here is their website: https://badcryptopodcast.com
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I reach out to them, thanks again.
I added a podcast list on the NEWSTEEM tokenbb forum. If you have further ones let me know!
please do something for steem price
you should consider using some of the steem-engine tokens so we can get this other types of rewards too.
palnetis a good tag to start with.Thanks for your recent posts, @elipowell, all were really interesting to read!
I am looking forward for your furture posts.
Concerning needed sources of income, beside other measures, I suggest you to take the opportunity and register steemit.com as content creator to be able to earn BAT always when users are visiting steemit.com using the Brave browser.
Old Steem
Stake-weighting enables the ninjaminers to extract practically all the value of the content created.
New Steem
The value created by the users is allowed to inure to the token by ninjaminers no longer extracting ~90% of all rewards into their wallets.
Only allowing the value of the content to inure to the investment vehicle through allowing the rewards therefrom to inure to the creators of that content enables capital gains, which has proven throughout history to best encourage investment and the increase in value of platforms that creates.
Steem has a huge marketing department, incessantly advertising Steem to all who discover their content: all it's users. The profiteering that has extracted almost all of the funds capable of supporting that marketing effort has continually and inexorably caused the creators to cease their efforts after they came to grasp that instead of producing growth and prosperity for them and the society Steem promised, their efforts simply provided profits to the largest stakeholders.
Is it coincidental that whales extract ~90% of all rewards, and that Steem faces ~7.5% retention YOY (last I checked. Given that user numbers have declined since then, it's probably worse now)?
If you wish to improve marketing for #newsteem, simply allow the rewards of the work of content creators to pay them. Should you prefer to add some institutional centralized marketing mechanism reflective of legacy business models, I'd recommend a progressive tax on stake, that reflects the proportion of rewards stake-weighting enables them to extract via self-voting or delegation to bidbots.
Since Stinc cannot do that without committing hari kari due to disrupting the extant flow of ROI to the profiteers that command the stake that is endowed with control of the witnesses, I expect that Steem Engine will, although it will be the tokens and communities produced through that mechanism that actually become #newsteem.
Even the fastest horse in the world will win no races is it killed by parasites. Steem could win the race for a society based on freedom, but it never will as long as practically all the value it creates inures to ninjamined stake. All that power content provides cannot propel it to the finish line if it never reaches the ground.
Capital gains FTW, or continued decline in token price, market cap, and users. It's not rocket science, and all of history reveals the basic incentives that impact platforms.
The mean payout was .01 SBD last I checked. The average payout was ~15 times greater, and this is probative that the marketing content created on the platform is largely parasitized rather than funded to encourage Steem adoption.
Fix that problem and #newsteem arises on Steem. Fail to, and #newsteem arises on a different platform.
The proof will be in the pudding.
yeah, truly
For those of us who spend time driving external traffic to our content on Steemit.com. It be nice to have a better understanding of how that is going on our ends. There is only so much I can derive from other platforms if they show how many link clicks I get. Other sources of traffic are unknown to me.
People being able to see their actions having some kind of successful impact might cause others to want to put more effort into driving traffic to their content. While also allowing people to try and make adjustments to improve their strategy for doing so.
Many just seem focused on spamming discords 24/7 with their links that are forever lost in the spam of sharing channels. While others put more focus on farming daily votes. This is #oldsteem way of thinking.
I can only hope under #newsteem at least on the website Steemit we will get a better understand of how our content is performing even beyond the 7-day window for traffic. As if you create written content it take some time for it to build up.
I even share my older content from time to time as it still holds value. Which many rarely seem to do. This is however quite important if this platform wants more eyeballs and for adversities to be happy with the results they get.
I would hope such a thing would only be good for advertisers in the long run on Steemit. If more content creators focus on acquiring traffic. The site itself has a decent ranking and packs quite the punch behind it from limited understanding on such subject matter.
Congratulations @elipowell!
Your post was mentioned in the Steem Hit Parade in the following category:
Public access front end so that normies can test drive the steem blockchain.. If there's a wall built around us it drives away potential users and leaves them feeling like steem is an insurmountable skill set and exclusive crypto clubhouse, they would not be wrong for feeling this way.
Also mobile first design, I'm also not a blockchain engineer but I am a human being on earth nearing 2020 and guess what!? Catering to desktop and PC users on a supposedly innovative technology is an extremely impotent approach. That doesn't require an MBA or even a kindergarten diploma to figure out.
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Dear @elipowell
I tried to reach out to you few times in the past and I never received any reply, so my hopes that this time it will be any different are small.
Indeed it's a great solution that some businesses may advertise themself here. On daily basis I see some ads on my feed and I'm glad you guys are making some extra profit.
However I would like to ask one simple question: why STEEEM blockchain and Steemit.com community is pretty much excluded from those advertising opportunities? Why we cannot use our own STEEM to pay for our ads to be displayed on the platform?
Wouldn't it benefit entire eco-system if Steemit would allow to do that and burn received tokens (the way promoting post to 'promoted' tab does it)?
Right now I managed to introduce few different businesses to Steemit and all of them are already gone. They all had the same complain: powering up STEEM doesn't help them get any extra visibility (so it's worthless for all of them) and STEEM doesn't have any value since they still would need to pay in USD for ads to be displayed here.
Did you guys consider doing something about it?Yours
Piotr
This is all great - but with regards to @steemit onboarding new users you guys need to work on making it easier and with a much faster turn-around time.
I have referred tons of friends who reported back to me saying they tried opening an account and either they gave up since it takes forever and has too many hoops to jump through, what platform takes 2-3 weeks for you to create an account, it really is a bit ludicrous to expect someone new to wait that long to get onto the platform.
@elipowell @steemit @steamitteam
They either then simply forget they even wanted to go on the platform or just decide it is not worth all the effort. Please try to make it easier to get onto @steemit I think that would make all the difference with increased adoption.
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