How to generate a stable income from Hive
There are more and more people who use this platform as an additional income source for their everyday needs. By creating content, they generate an income that they can use directly.
Unfortunately it's quite difficult to predict how much we will earn with our posts and then there is the issue of not knowing what to write about. It's quite difficult to produce quality content on a regular basis.
It's also quite difficult to scale our income from content creation. Of course we can engage with others, build relationships and increase traffic to our content. There is however a maximum amount that a post can reach and therefore our income will always be limited by this value.
Build a regular income thanks to the staking economy
If you want that one day the income from this blockchain becomes stable and growing, you will need the leverage that is made possible by the staking economy.
Step 1: Generate income
You don't change anything of what you have been doing so far. Instead of paying out your income from posts. You stake the tokens that you earn.
Whatever you earn from posts, you power it up 100%, you want your stake to grow as fast as possible.
Step 2: Get a return on your stake
As soon as you have collected at least 100 Hive, you can start to earn a return on this stake. You can't predict how much you are going to earn from your posts, but you can predict the return on your stake.
Organic return on your stake
What a lot of people ignore is that when you stake hive, it automatically generates a return. Staked tokens grow without having to do anything.
Delegate your stake and earn
You can delegate your stake to generate a daily return on your money. You can use the platform dlease.io and get a return of about 12 – 15% APR. You can lease your stake to @leo.voter and you will get an APR of 16% paid in LEO tokens. You can even delegate to @ctpsb to get a return between 12 and 20% paid weekly in CTP tokens.
Step 3: Use the return on your stake as a regular income
If you follow steps 1 and 2, you will get a regular payout either every day or every week from your delegation. This will be your regular income. At the beginning it might be a good idea to reinvest this income to make your stake grow faster.
The big advantage of this strategy is that you will know what kind of income you will generate and it will be a stable one. Even if you don't produce new content, thanks to the organic growth of your stake, your income will evolve.
Regular, stable income that grows over time
Of course in the short term you earn more if you cash out the income from your posts. However if you build for the long run, staking will allow you to gradually increase your income and there will come a time when you actually earn more with this strategy.
The best about it, is that you have built up a fortune that remains yours but this fortune works for you. There are no limits to your return. Your business has become scalable. The more stake you have, the more income you generate.
You can even stop to create content all together and you will have a 100% passive income from it for a as long as this platform exists.
Let's connect on Hive, Lbry or on Publish0x
My free e-mail course: The 100'000 satoshis a week strategy
Thanks for remind what is realy important😀
Building for the long run is what really can make a difference on this platform. I think that we have to be patient but it will pay it the future. Thanks a lot for stopping by and merry christmas!
!ENGAGE 20
Thanks very much-the thing is there is a lot tokens...maybe advice what to do with them ....or just stake and wait
Thanks for the feed-back. I will write a post about that :-)
ENGAGEtokens.https://twitter.com/AchimBeda/status/1342491732357865472
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I still do 50/50 as I do like to have a certain liquidity and buy into some other tokens on the platform, as in LEO for example.
Both mentioned delegation services are good and I use them both!
Thank you for the tips! Merry Christmas! :)
Posted Using LeoFinance Beta
I'm also doing 50/50 most of the time but at the moment I'm reinvesting everything I earn. It's true that the 50/50 split allows us to invest in different things as well. Thanks for stopping by!
!ENGAGE 20
It is almost 3 years since I took something out that was not reinvested into the ecosystem.
Of course, with the 100% power up, the hive power goes much faster up. That is for sure!
Have a !BEER neighbour :)
Posted Using LeoFinance Beta
View or trade
BEER.Hey @achim03, here is a little bit of
BEERfrom @alexvan for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.ENGAGEtokens.Yeah man, I've started putting a few posts to 100% HP pay outs...It's been 50/50 since day one for me, thought I wanna hit 100k sooner than later, might as well try to bump it up LOL
But ya, I reinvest everything. I have never taken a penny out and plan to live off this in the future....Right now, it's building!
You are a great example of what reinvesting can lead to. It's a slow process but one that takes on more and more speed. I also want to reach these 100k :-)
!ENGAGE 20
ENGAGEtokens.do you have a set date? I read one of your posts on setting goals and writing them down. Just curious if you've set a date to retire and live off of your Hive work B)
Posted Using LeoFinance Beta
Game like Dcity and renting/delegationg team in splinterland's is almost passive income generation with nice ROI.
Posted Using LeoFinance Beta
That is totally true. I didn't want to make the post too clomplex but you can also stake dcity cards and splinterland cards to increase your earnings (I'm doing both LOL). Thanks for your comment!
!ENGAGE 20
ENGAGEtokens.Hello @achim03
It's true, creating quality content on an ongoing basis is no easy task.
It's not just about writing, making good approaches requires dedication.
You mention important aspects, which should be kept in mind, in reality there are those who are unaware of these possibilities of passive income, the other thing is that you regularly see that they want large and fast income, and this does not even work that way.
I think that this is the biggest problem for most users. They don't look into the long term and they don't realize the potential that you have with staking on such platforms. They want the quick buck but by withdrawing everything they earn, they are actually limiting their income.
!ENGAGE 20
ENGAGEtokens.Greetings @achin03.
Excellent article, the hive platform has allowed us to generate more income for our family expenses, it is important the constancy that we can have in our publications to obtain greater profits.
You share with us extraordinary recommendations that allow us to increase our income by delegating hive 100% to sp, earned with our publications.
Thank you for providing us with such important content. Successes.
thanks a lot for your comment. I understand that most people actually need this income for their daily needs but in the long run they could build something much bigger if they staked at least part of their income.
!ENGAGE 20
ENGAGEtokens.Hello friend, as always a publication with great recommendations. There are many tools that we can use to take advantage of our stay on the platform and generate more profit, but not everyone knows them, much is the lack of knowledge so it is important to create more content like this. Greetings!
Thanks a lot for your kind feed-back. This platform is soo big and has so much things that can help us along the way that we never totally know everything :-)
!ENGAGE 20
ENGAGEtokens.for some time i have wanted to increase my income from the plataform, it is not an easy job really, but over time you can generate an income that covers the costs of living, in that sense all forms of income are welcome.
I think that it's wrong to look at this platform for the quick income booster. If we are willing to spend time and effort, to learn, we can build something for the long term that will generate more and more income for us.
!ENGAGE 20
ENGAGEtokens.Thank you for this informative article. Prior to reading it, I was aware of dlease and @ctpsb, but had not been introduced to @leo.voter. I will be checking into that in the next day or two.
I, too, have been reinvesting my returns (both content rewards and staking rewards). At this point, I don't feel like I have enough income from any one token besides CTP to hold anything liquid, so I stake everything I earn except for CTP which I have been reallocating into investment type tokens (BRO, INDEX, LBI, and SPI). I just started with LBI & SPI and am just learning how they work, but I am constantly staking my dividends from my BRO and INDEX holdings, as well. I would also be interested in participating in the DHEDGE project, too.
As you have stated so well, my goal is to reach the point where I can live on my passive income while it continues to grow (however long that takes). I have no intention of taking anything out of my crypto holdings until I reach that threshold.
Thanks a lot for your great comment! It's a very good idea to stake wherever possible and discover new income sources and add them to your business. The more you stake, the more curation rewards you can generate and the more you can grow. The great thing on this platform is that you can generate a return in several currencies at the same time!
!ENGAGE 20
Generating several currencies at the same time is one of the great things that I love about the Hive blockchain. It's always great to see an increase in up to ten different tokens all from the same post. I have been able to learn about enough unique ones to which my post can apply that they all are stacking up simultaneously...win-win-win-win-win-win-win-win-win-win (ka-ching)!
Exactly! This is the big fun about this. Doing once the work, you build stakes in many different currencies. I love this ;-)
ENGAGEtokens.Very interesting post. Indeed, nowadays it is possible to start earning money in this way. Many people like to write posts in other social networks, but this new alternative and even with the opportunity to make money. In my opinion, the future is in the digital world.
You are quite right about that. The income potential from content creation and staking has hardly been discovered yet.
!ENGAGE 20
ENGAGEtokens.Hi @achim03 - a great post with some great tips. Thanks for sharing. Personally, I am still in the growth mode and I am re-investing everything from my posts back into my staking. However, as you say, it is difficult to keep writing interesting posts and good posts do take time to produce. A passive income means, even whilst away for a few days, I keep earning something.
Thanks for sharing and stay safe my friend.
Staking is in my opinion the best strategy to grow organically on this platform. I also reinvest all my earnings and I try to develop new income sources continously. It takes time but it can become a real passive income source that pays you day in day out ;-).
!ENGAGE 20
ENGAGEtokens.I don't completely understand how to earn CTP tokens, delegating my CTP tokens to @ctpsb.
How do I have to do it to increase my apr?
CTP tokens can be earned simply by putting the #ctp tag on your posts. As soon as a post carries this tag, it is elegibly to earn ctp tokens. So you can earn CTP by writing posts with this tag or you can earn by staking these tokens and by upvoting posts that carry the tag.
If you want to earn CTP tokens, then you need to delegate Hive Power to @ctpsb. Delegating CTP tokens won't bring you anything.
The APR won't change much. However the more Stake you have, the more real income you generate. If you get an APR of 10%, if you have a stake of 100, it will get you 10. If you have a stake of 10'000, il will get you 1000 ;-)
now I understood how it works: D
!ENGAGE 20
ENGAGEtokens.An interesting publication, how important to be informed. On the point you share: Bet and win, it seems very interesting and I would like to know a little more. For example, how can I make use of these aspects that you indicate here, and I quote:
Thanks for the input in advance.
Good vibes.
When you stake tokens, you get Hive Power in the process. This Hive Power can be delegated. On dlease.io there is a market for such delegations. You delegate and you get paid every day. Another possiblity is to delegate to @leo.voter to get Leo every day. You can however also delegate to project.hope and get a daily return on your delegation!
!ENGAGE 20
ENGAGEtokens.Very good information. Creating content is a good way to have an income, but the task must be constant and sometimes it is difficult to be creative. But few know that there are these ways of generating passive income that you mention, so in the future, having some capital gathered can be complemented with these techniques to generate income to continue growing on the platform.
I think to combine content creation and investing into a stake is a good combination for an ever growing income. Thanks a lot for your comment!
!ENGAGE 20
ENGAGEtokens.Invest, copy and repeat is the recipe to compound your passive income. Beside that once you have enough Hive Power you can follow valuable members and earn just from curation, the ultimate passive income. Return in a year and see how you did :)