Want to earn more Leo? Than HiveStats will get you there

One of the most highly debated discussion points on Leo Finance is how much people earn and this discussion tends to expand into Hive itself also. It's a discussion that no one should be having and one built on research, development, understanding and commitment.

I have never written a post like this before so this will be my first and it is mainly because I want to share with you the key to success and I want to show you the key.

HiveStats is the Key

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Recently announced by the Leo Finance team is HiveStats which provides you an in-depth overview of your account, wallet as well as earnings. This is an enormous step forward and one that will help many bloggers to further develop and excel on the blockchain.

There is no greater weapon in life than knowledge and to gain knowledge sometimes you need certain tools and information and all of it is about researching and knowing what you need to know to do what you need to do. This is where HiveStats comes into play and why previously I said no one should be asking people about earnings or how to earn.

You need to undertake your own market research and find your target audience which can be quite challenging to do if you don't know where to look or what you're looking for.

So Let me show you

Account Overview

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HiveStats provides an in-depth account overview and you might be wondering what use is this screen other than what your account currently is now and if you were thinking that you're wrong.

On this screen I can see my vote weight, cost of Hive, HP effectiveness and what my weekly earnings are. From here I can set some goals around curation where I can see how much more Hive I will need to produce 1 Hive per upvote. I can also get a quick summary of the weeks earnings and I can already see that I am not gaining the most out of curating and I need to further work on it. Stay with me as we progress because there is further information that will also help with that.

Analytics

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Scrolling passed the wallet which also hosts the ability to delegate, power down (why would you do that?) and transfer to savings is the analytics page which now we start to get a broader picture of account growth. For me I have long planned to reach the 1 Hive upvote and continue to try to get there.

From this analytics page I can already see I am doing something wrong, can you? do you see those high peaks of staking? That's me often HODL Hive liquid in my wallet and then after a while I power up. That there shows me I am missing out on rewards and I need to be staking a lot faster in order to maximise my returns.

Also available is my total earned which is important for when we move lower down because we want to earn the most we are able too. Mine is all over the place which means we need more work on focusing our articles. So lets go find out what articles did well. We're going to focus on the 02/05/2022 where we earned 46 Hive.

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As you can see on the 2 February 2022 I posted about Ethereum being hacked from a multichain blockchain so I know that this kind of content is liked by people and they support it.

I can then go back to my monthly earnings and look for high performing posts to understand what it is that readers are enjoying and now I can further refine my articles to meet their likes. Now that we have understood the likes and dislikes of our followers lets go take a look at how we are doing curation wise.

Efficiency Rate

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If like me you only learned last year that there was a time to upvote to make money then you're in for a shock. With the upvote window being extended to 24hours there are still optimal times to upvote to earn more. This can be evidenced with the efficiency rate.

Here I can see where and what posts I am voting on that are providing the best returns and learn how I am going and where I need to improve. noting that your efficiency rate can far exceed beyond 100% which means you voted early and everyone else voted after you so you get a larger slice of the pie. I need to work more on my upvotes here.

What coins have pools

Just below you get a list of your wallet tokens and beside some of them is an image of beeswap which is probably the most important thing to come out on Hive when it comes to trading.

HiveStats lets you know which tokens have pools which you can join or more importantly buy from instead of having to pay a highly volatile amount in prices and either not getting enough or paying too high for tokens.

Get more bang for your buck and clicking the beeswap logo will take you straight to beeswap to do so.

Recommendations

I love HiveStats and it will be something I can now use to experiment and fine tune everything from engagement to buying and everything in between. However I would like to see the time frames extended from 30 days to 12 months and I would also like the ability to pull out certain data into a spreadsheet for two reasons.

1. So I can make a really crappy pivot table and play around more assessing my data
2. Tax! yeah. Believe it or not the majority of people pay the tax man and if you want mainstream adoption you need to make it easy for mainstream adoption. Implementing the ability to isolate earnings and be able to extract that data will make it easy to report to the tax man without confusion and I would highly recommend implementing that feature ASAP.

I hope you have enjoyed my HiveStats walk through and how you can use it to better assess your performance and refine the way you blog and earn an income. Always remember that the only person you are up against is yourself!

Did you find it helpful? let me know in the comment section below!

Image sources provided supplemented by canva pro. This is not financial advice and readers are advised to undertake their own research or seek professional financial services

Posted Using LeoFinance ^Beta