Micro-earning is a wealth building strategy often ignored in web3

Introduction

Web3 and blockchain technology has given us a thousand and one ways to earn digital assets. Some of the opportunities in the space bring big rewards while others pay in smaller amounts. Everyone that joins the web3 economy could decide which strategies or income opportunities to focus more efforts on. Some of the ways to earn in web3 includes staking, providing liquidity for crypto assets, trading crypto, yield farming, doing various ICOs, etc. The opportunities seem endless.

When one is spoiled for choices, it is all too easy to forget about the ones of less value and focus fully on ones that generate significant earnings. Some of the ways to earn in web3 have the potential to turn up huge amounts over a short time - for example crypto trading. As a result, it is often noticed that participants in the space tend to concentrate their efforts on them in other to make bigger earnings faster. However, accumulating small amounts of crypto steadily over a longer period of time is a strategy of growing wealth in web3.

The essence of this article is to create or renew the reader's awareness for micro-earnings in the blockchain space. It is all too possible that a participant might build wealth faster if they consistently accumulate small amounts of crypto over time, than waiting forever to hit it big. Now explore why micro-earning should possibly be among your strategies to grow wealth soonest.

Micro-earning and social media

In web2, we often interact with friends and other users through various digital platforms. The boom of social media platforms gave rise to various forms of content sharing and interactions with an audience. Some social media platforms focus on video sharing like Youtube and Tiktok. Others combine various media like text, audio and videos like Facebook. Across all these platforms, a common feature is that users engage with content shared with others.

Sharing or even interacting with content on social media platforms generate data which in turn is exchanged for money by the tech giants. in essence, all the micro activities like sharing a post, commenting or liking a post are supposed to generate small earnings for the user. On web2 they do not, On Web3, they constitute a major opportunity to earn small small amounts. So basically, your data is worth something in web3 social media. That is a significant way to kick-off your micro-earning story.

One can now begin to think about how much data - how much activities - they create in web2 social media. They are better done in a web3 platform where each unit of work done amounts to an income opportunity. Someone that creates many micro-blogs on X for example each day could do same on a web3 micro-blogging platform and accumulate small earnings daily. The same is true of a user that often engages with content made by others. The comments and likes they make are all income opportunities. So the switch from doing social media for free to doing it for earnings is real and web3 is a rewarding destination.

Time and consistency are invaluable

One might begin to wonder how a few cents accumulated over time, could become something tangible since this is the message of micro-earning. People often say that little drops make an ocean. Well that is really possible and it often happens in micro-earning. But then, there are certain elements that must be there in order to effectively use micro-earnings to build wealth. Consider two of the most important of all:

• Time: Just like in every other thing that people do, time is an indispensable tool for micro-earning. Remember that some activities need to be done in order to have micro-earnings. These activities like engaging with posts or liking posts does not happen at an instant. Instead, they are activities that are often repetitive in nature and happen over a period of time.

Each moment an activity that generates small income is done, there is a small earning for it. These activities are required to be done over a long period. So for micro-earning, patience is important. The builder should be patient enough to allow sufficient time to pass so that as the earnings compound, they eventually grow and become something very significant.

• Consistent action: Another really important tool needed to successfully grow wealth is to do something consistently. While time is very important to grow micro-earnings, how that time is spent is equally important. If a user is inconsistent with their activities, they might spend a long period of time without achieving anything. But if time is spent doing something that will generate earnings in small amount, then such earnings would definitely grow over time.

Consistency is often where many micro-earners in the space fail it. Generally consistency is such a difficult thing in life. But to succeed in micro-earning, something must be done every time - all the time. One thing that might help here is having a schedule of activities to be done. This requires some sort of planning. Having this planning and drawing it up is important. Then one needs the proper discipline to follow up on their plans without missing any moment. Once a user is consistent and follows up their activities, micro-earning through those regularly repeated tasks could generate earnings that compound over time.

Grow your network and connections

Micro-earning in a social media environment automatically brings another important benefit that aids the course. That benefit is the opportunity to build an audience and grow one's connections. Over time, the users that you regularly interact with would become part of your network. Each person that comes into the network makes it grow bigger and expand. These connections are invaluable to a successful micro-earning strategy.

A large network of friends make it easy to have content to engage with in a consistent manner. Micro-earning through social activities might not always require one creating so much content on their own. But it definitely requires one interacting with content created by others. Each person that experiences content engagement from a particular user becomes their fan - an audience. As this network grows, it provides more content for engagement and more opportunities for micro-earning.

Eventually, micro-earning on a web3 social media becomes fun, not just a way to build wealth. A large network makes micro-earning easier and more pleasurable. Writing from experience as a consistent engager and micro-earner, I have made many friends like @hopestylist, @meraki7578 and @jenthoughts. These active friends have made it easy to always have something to interact with on a regular basis. It really help to maintain that consistency badly needed to succeed as a micro-earner. By the way, the friends mentioned above and my network was grown on Leothreads, a leading web3 micro-blogging platform.

Leothreads redefined micro-earning

Leothreads - often called threads for short - is a leader in the micro-blogging and micro-earning space. It is indeed leading a revolution web3 social media space. Rivalling some of the sweet features you see on X, threads powers a space where you could share short thoughts, find a big audience for your content, and most important micro-earn from your social activities.

Threads is powered by a top social blockchain called Hive. On threads, you could find all sorts of niches to micro-blog such as crypto, diaries, sports, news, music, foods and so on. Just like other micro-blogging platforms, threads use tags to categorize content so that you could easily see what you have passion for. Why not click here to check out the trending tags.

One of the most important features of threads is that you make small earnings from your micro-blogs and engagements. Surprising too, you can make it big too as you can see from these screenshots from my two micro-blogs.

As a web3 micro-blogging platform, you could earn Leo which is the native token used to reward users on the platform. Besides that, you could also earn layer one tokens Hive and Hive dollars too, Thus, threads rewards micro-bloggers with up to 3 different cryptos. No other platform in web3 offer more. You should try to be more consistent on threads. Over time, you see the compounding effect of micro-earning as discussed above.

Threads is free, but the premium subscription which is optional offers extended features such as editing posts, making longer posts, a customizable template, and an orange checkmark next to your username. Threads offer a lot to both new and existing users in the web3 space. There could have been no other more fitting platform to use in this discussion than threads. So find time to check it out.

Conclusion

Micro-earning is a way to build digital wealth although not all finds it easy. You just do not need any special skills to succeed - just the same qualities needed to excel in other areas of life. Be patient and give it time. Have a plan or a schedule that helps you stay consistent. Tyr out leothreads and connect with a large audience of micro-bloggers and users in the web3 space. Have fun - Oh and grow your wealth! Micro-earning is real.