Direct from the desk of Dane Williams.
Some tough love for you on the blog this evening.
If you’re looking to coast your way through the start of the week, then let me burst your bubble.
I’m going to offer you a little bit of tough love.
First things first, there is no use beating around the bush here.
To make money blogging on LeoFinance, especially in the beginning, it’s going to take work.
We all want to work less and make more.
Build those passive income streams here on Hive.
But in the beginning, you need to remove that concept from your brain entirely.
The crux of the issue is this.
if you really want to work less.
And you really want to make your money work for you.
Then you’re going to have to earn that shit!
Before you can make a passive income, you need to make an active income.
Here on Hive that means doing the following:
Publish a post once a day.
ALWAYS write something on your blog no matter what.
When it comes to commenting, leave your 2c on every post in the curators picks and popular sections of the site.
Why is that, you ask?
Well, if it’s a popular post that you can easily find, then those with a LEO stake can easily find it too.
If you are adding value to the discussion, then you will be found.
And if you’re adding value then you will be rewarded.
Those with stake are literally invested in the quality of the content in the platform.
So of course they want to encourage and incentivise behaviour that adds value.
They will upvote you and you will earn money.
But especially when you’re first building your stake, this is where you need to really put in the time.
You need to be commenting a shitload more than you’re posting.
My personal rule of thumb when it comes to posting and commenting on Hive, is this.
You should be running at a ratio of 20 comments for every 1 post you make.
Yep, a ratio of 20:1.
“Oh shit, that sounds like hard work,” I can hear people complaining through the screen.
Damn right it is hard work!
But the more work you put in, the more LEO and HIVE tokens you earn.
And the more tokens you earn, the more you can compound.
Compound until you reach a critical mass where you’re finally comfortable withdrawing a passive income from your stack.
Everyone has a number.
The cool thing about Hive however, is that you don’t ever have to eat into your base capital.
Taking it a step further again, you don’t actually ever have to stop building your base capital either.
You can choose to withdraw only half of your weekly income and stake the rest.
Ensuring that you’re always building and actually increasing your passive income over time.
The sooner you realise that you need to stop taking the easy way out and actually start putting in the work, the sooner you will achieve your goal of passive income on Hive.
Stop taking things for granted here and put in the work.
The opportunity available to everyone here right now is amazing.
Take it with both hands.
Best of probabilities to you.
Posted Using LeoFinance Beta