Steemit has been one of the main income sources in my tiny business and I'm so glad to be rebuilding it although it does seem slower going this time around.
Source
Lack of revenue
I've had a steady stream of revenue from two of my business endeavours. I prefer to spread my revenue sources in my tiny business. I actively have 3-4 going and I'm working on adding one or two more this year.
The accidental draining of my Steemit account gave me funds to work with but also meant that the income source dried up. In addition, my knitting pattern sales have tanked. The site that provided me with 2-4 sales a month, which was truly passive income had a mishap in their algorithm. Hopefully, it will return with the fix and the upcoming cooler weather in the northern hemisphere.
If you hear me use the word income when talking about my business you can be sure I'm really meaning revenue. The business doesn't create any income yet. I'm funnelling it all back into the business to grow it organically.
Making big decisions
As a result of my lack of revenue, I'm faced with a tough decision. I signed up for coaching at the beginning of the year and it has been worth every cent. But I'm not sure I can keep it since it is a monthly drain on my business account. Lately, I haven't had the same need for this type of coaching and I'm wondering if it would be best for my business to take a break from it. I would have to focus on what I already know I need to do and then when I feel like I have some of that going well, I could possibly sign up again and get coaching on moving to the next level. It's a BIG decision though since it has been a game changer for me this far.
My BIG Steemit goal
My BIG hairy audacious goal is to make Steemit pay for my coaching. But I have a long way to go to get there. Hopefully, Steemit will get back to providing me with a small income every month. Right now, I'm powering up like crazy, are you tired of hearing me talking about it yet? ;) I feel like it's pretty much my duty as long as I have the awesome support of the @minnowfund. My baby step goal for that is 10 SP. I reached 5 SP yesterday, and I'm still celebrating. Once my delegation ends, I will have to evaluate how to go forward. At some point, I will start cashing out the liquid Steem from each post once a month to add some revenue but I haven't decided at what SP that will happen. If you have any tips on how I should decide that let me know :) It's difficult to balance growing my Steemit account with using Steemit as part of my tiny business but I know it can be done!