Moneytology

How to Make Money on Medium in (In-Depth Guide for … 2024)

how to make money on medium

Are you passionate about writing and looking to monetize your articles? Look no further than Medium – a free platform that allows writers to publish their stories and earn money at the same time. In this in-depth guide, I will walk you through the strategies and tips to make money on Medium, whether you’re a seasoned blogger or just starting out.

Medium is more than just a platform for writing; it’s a thriving community where millions of readers engage with diverse content every month. With Medium, you have the potential to turn your passion for writing into a source of passive income.

Key Takeaways:

  • Medium is a free platform that allows writers to publish their stories and earn money.
  • By joining the Medium Partner Program, you can earn a portion of the revenue from Medium members’ subscriptions.
  • Apart from earning through the Medium Partner Program, outstanding articles can receive bonus payments, be curated, or featured on the front page.
  • Earnings on Medium vary, with top writers making thousands of dollars per month, while others earn less than $100.
  • To succeed on Medium, it is important to engage with readers, find your niche, promote your stories, and seek growth opportunities beyond the platform.

What is Medium?

Medium is an online publishing platform that allows anyone, regardless of their background, to easily publish articles and reach a wide audience. It serves as a platform for writers, bloggers, journalists, and other content creators to share their ideas, stories, and expertise with millions of readers every month.

Often referred to as the “YouTube of writing,” Medium provides a user-friendly interface and a range of features that make it a popular choice for both aspiring and established writers. It offers a unique blend of social networking and publishing, creating a vibrant community of readers and writers.

With Medium, you can showcase your writing skills, establish your online presence, and connect with like-minded individuals. It allows you to focus on writing and easily publish your work without the need for technical expertise or the hassle of setting up your own website or blog.

Medium is not just a platform for publishing; it is a platform for discovery. Readers can explore a vast array of topics, find thought-provoking articles, and engage with writers through comments and responses.

Whether you have a personal blog, a business website, or simply a passion for writing, Medium can be a valuable tool for reaching a wider audience and gaining recognition for your work. It offers a level playing field, where the quality of your content and the value it provides to readers are the key factors in your success.

How Do You Get Paid To Write on Medium?

To start earning money for your writing on Medium, you need to join the Medium Partner Program. This program offers writers the opportunity to earn a portion of the revenue generated from Medium members’ subscriptions.

Medium’s Partner Program operates on a subscription-based model. Members pay a monthly or annual fee to access unlimited stories on the platform, and a significant portion of that subscription revenue is distributed among participating writers.

By joining the Medium Partner Program, you can monetize your articles and start earning money based on the reading time your stories accumulate.

It’s important to note that writing on Medium is not solely about earning money; many writers value the platform for its engaged community, exposure to new readers, and opportunities for networking and collaboration.

If you’re interested in getting paid for your writing and becoming part of the Medium Partner Program, follow these simple steps:

  1. Create a Medium account: If you’re not already a member, sign up for an account on Medium.
  2. Opt into the Partner Program: Once you have an account, navigate to your settings and select the option to join the Medium Partner Program.
  3. Connect a Stripe account: To receive payments, you’ll need to connect your Medium account to a Stripe account. If you don’t have a Stripe account, you can easily create one during the setup process.
  4. Start writing and earning: Once you’re enrolled in the Partner Program, you can start publishing your articles and earning money based on readers’ engagement.

Remember, the key to earning on Medium is to produce quality content that resonates with readers. Engaging stories, informative articles, and unique perspectives are more likely to attract readers and increase your earnings on the platform.

Now that you know how to get paid to write on Medium, let’s explore bonus payments, curated articles, and featured articles in the following section.

Pros and Cons of Medium Partner Program

Pros Cons
Opportunity to earn money from your writing Income can vary and may not be consistent
Access to a large and engaged audience Competition from a vast number of writers
Potential for visibility and recognition Payment structure and calculations may be confusing
Opportunity for growth and networking Changes in Medium’s policies and payment system
Freedom to explore various topics and formats Limited control over the platform and design

getting paid on medium

Joining the Medium Partner Program allows writers to monetize their content and earn money based on readers’ engagement. It’s a great opportunity to share your stories, connect with a vibrant community, and get rewarded for your writing.

Bonus Payments, Curated, and Featured Articles

In addition to earning money from member reading time, Medium provides additional opportunities for writers to maximize their earnings through bonus payments, curated articles, and featured placements.

One way to earn bonus payments on Medium is by creating outstanding content that resonates with readers. Medium recognizes and rewards exceptional articles by providing bonus payments to the writers who produce them. These bonus payments serve as an additional incentive for writers to consistently deliver high-quality, engaging content that captivates their audience and garners positive feedback.

Furthermore, Medium offers the opportunity for articles to be curated. When an article is curated, it is recommended to readers who have expressed specific interests in related topics. Being curated provides a significant boost in visibility and potential readership, increasing the likelihood of generating revenue through member reading time. Curation is a powerful way to gain exposure and attract new readers to your work.

Medium Featured Articles

Apart from curation, Medium also features select articles, granting them prime placement on the platform’s front page. This coveted spot allows featured articles to reach a wider audience, resulting in increased visibility, readership, and potential earnings. As a featured writer, your work receives prominent exposure, creating the opportunity for significant financial rewards.

Both curated and featured articles provide writers with enhanced visibility, increasing their chances of earning more money on Medium. By producing compelling content that resonates with readers and attracts the attention of curators and editors, writers can optimize their earning potential on the platform.

To summarize, Medium’s bonus payments, curated articles, and featured placements offer writers additional avenues to boost their earnings and gain more exposure for their work. By creating exceptional content, writers can increase their chances of receiving bonus payments, being curated in relevant topics, and even having their articles featured on the front page of the platform. These opportunities open doors to expanded readership, increased revenue, and a higher level of recognition within the Medium community.

How Much Money Can You Make Writing on Medium?

When it comes to earning potential on Medium, there is a wide range of possibilities. While some writers are able to make a substantial income, it’s important to note that the majority of writers earn less than $100 per month. However, for those who dedicate time and effort to build up their presence on the platform, the earning potential can be significant.

Top writers on Medium have been known to make thousands of dollars per month through their articles and publications. These writers have built up a following and have mastered the art of engaging their audience. It’s important to keep in mind that reaching this level of success takes time and consistent effort.

Medium provides a platform for writers to showcase their talent and expertise to a large audience. With the right strategies and a focus on high-quality content, writers can unlock the earning potential that Medium has to offer.

“I never imagined that I could make a living through my writing on Medium. But by consistently providing valuable content and nurturing relationships with my readers, I’ve been able to turn my passion into a significant income.” – Sarah Johnson, Top Writer on Medium

Comparison of Writer Earnings on Medium

Earning Level Description
Low Earnings Less than $100 per month
Medium Earnings $100 – $500 per month
High Earnings $500 – $1,000 per month
Top Earnings Thousand dollars or more per month

While the earning potential varies, the most successful writers on Medium have found ways to monetize their content and turn their passion into a lucrative income stream. By staying committed and focusing on building a strong presence on the platform, writers can unlock their true earning potential and join the ranks of top earners on Medium.

How Does Medium Pay Writers?

Medium offers writers the opportunity to monetize their content through the Medium Partner Program.

When it comes to earning money on Medium, writers are paid based on the amount of time members spend reading their stories. The more time members devote to your articles, the more money you can earn. Additionally, Medium takes into account reading time from non-members who become members within 30 days of reading your article, further contributing to your earnings.

The payment calculation on Medium is based on member reading time, which is measured in “Member Reading Time” (MRT). MRT is the total time readers spend engaged with your content, whether they are reading, scrolling, or highlighting sections of your articles.

Medium uses a specific formula to determine the exact payment amount for writers. This includes factors such as the total MRT your stories receive each month, as well as the overall MRT on Medium for that particular month. The final payment is calculated by assigning a dollar value to a specific amount of MRT and distributing that value proportionally to writers based on their MRT.

The Medium Partner Program pays writers through various payment methods, including direct deposits to your bank account or via PayPal. These options provide flexibility and convenience for writers when it comes to receiving their earnings from Medium.

Here’s a breakdown of the payment process on Medium:

Payment Method Description
Direct Deposit Earnings are directly transferred to your bank account on a monthly basis.
PayPal Alternatively, you can choose to receive your payments through PayPal, which offers secure and fast transactions.

Note: It’s important to ensure that you have completed the necessary account setup and provided accurate payment information to receive your earnings smoothly.

medium payment methods

This image illustrates the various payment methods available to writers on Medium.

Tips for Making Money on Medium

To increase your earnings on Medium, I have compiled a list of effective tips and strategies below:

  1. Find a niche: Discover your passion and expertise to focus your writing on a specific niche. This allows you to attract a targeted audience and become an authority in your chosen topic.
  2. Focus on storytelling: Craft engaging and compelling stories that captivate your readers. Connect with them on an emotional level and keep them coming back for more.
  3. Promote your stories: Don’t just rely on Medium’s platform. Share your articles on social media, create an email list, and collaborate with other writers to expand your reach and attract more readers.
  4. Engage with readers: Respond to comments and engage in conversations with your audience. Building a strong relationship with your readers fosters loyalty and encourages them to support you financially.
  5. Seek opportunities beyond Medium: Explore other ways to monetize your writing skills. Consider freelance writing, pitching your stories to publications, or creating a personal website to showcase your work.

Implementing these strategies will not only increase your income on Medium but also enhance your overall success as a writer. Remember, consistency, quality, and genuine engagement are key to growing your medium income.

For more detailed insights and tips, refer to the following table:

Tips Description
1. Find Your Niche Discover your passion and expertise to focus your writing on a specific niche, attracting a targeted audience.
2. Focus on Storytelling Craft engaging and compelling stories that captivate your readers, building a loyal fan base.
3. Promote Your Stories Share your articles on social media, create an email list, and collaborate with other writers to expand your reach.
4. Engage with Readers Respond to comments, engage in conversations, and build strong relationships with your audience.
5. Seek Opportunities Beyond Medium Explore freelance writing, pitching your stories to publications, or creating a personal website to showcase your work.

strategies for earning on medium

Implementing these tips and strategies will significantly improve your chances of success on Medium and ultimately grow your medium income. Happy writing!

More Ways To Make Money on Medium

While the Medium Partner Program is a popular way for writers to earn money on Medium, there are additional opportunities to monetize your writing and generate income. Here are some alternative strategies to consider:

1. Affiliate Income

One effective way to earn money on Medium is through affiliate marketing. By recommending products or services and including your affiliate link, you can earn a commission for each sale or conversion made through your referral. Choose affiliate programs that align with your niche and provide value to your readers.

2. Freelance Writing Opportunities

Medium is not only a platform for self-publishing, but it also connects writers with freelance writing opportunities. Many businesses and publications actively seek writers to create content for their websites, blogs, and magazines. Take advantage of these opportunities by showcasing your writing skills and expertise on Medium.

3. Promote Your Blog or Business

If you have a blog or business outside of Medium, you can leverage the platform to promote your website and attract potential customers. Incorporate subtle, non-spammy links within your articles to redirect readers to your blog or business landing page. This can help drive traffic and increase the visibility of your brand.

By utilizing these additional ways to earn on Medium, you can diversify your income streams and maximize your earning potential. It’s important to experiment with different strategies and find the ones that work best for your writing style and target audience.

Blogging on Medium vs. WordPress

When it comes to choosing a blogging platform, two popular options that often come to mind are Medium and WordPress. Both platforms have their unique benefits and cater to different types of writers. Whether you are a beginner or an experienced blogger, it’s essential to understand the differences between Medium and WordPress to make an informed decision about where to publish your content.

Medium: A Built-in Audience and Ease of Use

Medium is an online publishing platform that offers a built-in audience of millions of readers. As a writer on Medium, you have the opportunity to reach a wide audience without the need for extensive marketing efforts. Additionally, Medium provides an intuitive and user-friendly interface, making it easy for writers to get started with publishing their articles.

If you’re looking to focus on writing quality content and reaching a large audience without the hassle of managing a website, Medium can be an excellent choice for you.

WordPress: Control and Customization Options

WordPress, on the other hand, offers more control and customization options compared to Medium. With WordPress, you have the freedom to customize your blog’s design, layout, and functionality according to your preferences. Additionally, WordPress provides a wide range of plugins and themes, allowing you to add various features and enhancements to your blog.

If you’re a seasoned blogger looking for complete control over your website’s design and functionality, WordPress offers the flexibility you need.

Comparing the Pros and Cons

Medium WordPress
Provides a built-in audience Offers control and customization options
Easy-to-use interface for quick publishing Allows complete ownership of your blog
Minimal technical setup and maintenance required Requires web hosting and regular updates
Potential for earning money through the Medium Partner Program Opportunities for monetization through ads, affiliate marketing, and more

Ultimately, the decision between Medium and WordPress depends on your blogging goals and priorities. If you prioritize reaching a large audience quickly and easily, Medium can be a fantastic platform for your content. On the other hand, if you value control, customization, and more options for monetization, WordPress might be the better choice.

As with any decision, it’s essential to consider your unique needs and preferences. Take the time to explore both platforms, experiment with their features, and make an informed choice based on what aligns best with your blogging goals.

Pros and Cons of Writing for Medium

When it comes to writing on Medium, there are both advantages and disadvantages to consider. Let’s explore the pros and cons of this popular platform:

Advantages of Writing on Medium

  • Earning Money: One of the main advantages of writing on Medium is the potential to make money. Through the Medium Partner Program, you can earn a portion of the revenue generated from member subscriptions.
  • Access to a Large Audience: Medium has millions of readers, providing an opportunity to reach a wide and diverse audience for your writing.
  • Easy-to-Use Platform: Medium offers a user-friendly interface that makes it simple to write and publish your articles, even for those without technical expertise.
  • Built-in Community: Being part of the Medium community allows you to connect with other writers, get feedback on your work, and discover new perspectives.

Disadvantages of the Medium Platform

  • Changing Payment Structure: Medium has made changes to its payment structure over time, which has led to uncertainty for some writers in terms of how much they can earn.
  • Standing Out Among Others: With thousands of writers on the platform, it can be challenging to get your work noticed and stand out from the competition.
  • Limited Control and Customization: While Medium provides a simple and streamlined writing experience, it also limits the level of control and customization you have over the design and layout of your articles.
  • Dependency on Medium’s Success: Your success on Medium is tied to the platform itself. If Medium were to undergo significant changes or face challenges, it could impact your ability to earn an income from your writing.

In the words of author Stephen King, “You can, you should, and if you’re brave enough to start, you will.” Writing on Medium comes with its own set of advantages and disadvantages, but with the right approach and persistence, it can be a rewarding experience.

Now that we’ve explored the pros and cons of writing on Medium, you can make an informed decision about whether this platform is worth it for you.

The Final Word on How To Make Money on Medium

Making money on Medium is a realistic goal, but it requires dedication, perseverance, and a strategic approach. While it’s important to set high expectations for your writing journey, it’s equally important to be realistic about the time and effort it takes to build a sustainable income on the platform.

One crucial aspect of making money on Medium is providing valuable content to your readers. It’s not just about generating revenue; it’s about creating a genuine connection with your audience and offering them something of value. By focusing on quality and relevance, you can attract and retain loyal readers who appreciate your work.

Another key strategy is to diversify your income streams. While the Medium Partner Program is a fantastic way to earn money, it’s always smart to explore additional opportunities. Consider leveraging your writing skills for freelance gigs, monetizing your blog or business through Medium, or exploring affiliate partnerships.

Engagement is also paramount. Encourage reader interaction through comments, encourage them to share your work, and always respond to their feedback. Building a thriving community around your writing can lead to increased visibility, more readers, and ultimately, more income.

“The key to success on Medium is to focus on providing value, engaging with readers, and diversifying your income streams.”

Remember:

  1. Consistency is key – post regularly to maintain momentum and develop a loyal readership.
  2. Networking is essential – connect with other Medium writers, join relevant publications, and participate in writing communities.
  3. Experiment with different writing styles, topics, and formats to find what resonates best with your audience.
  4. Be patient and persistent – building a successful income on Medium takes time and perseverance.

Overall, making money on Medium is a journey that requires a combination of skill, strategy, and dedication. By following these tips and staying committed to your craft, you can increase your chances of success and achieve your financial goals on the platform.

Pros Cons
Access to a large audience Changing payment structure
Potential to earn money through the Medium Partner Program Competition from thousands of other writers
Opportunity to connect with readers from diverse backgrounds Limited control and customization options compared to other platforms
Possibility of getting curated or featured, leading to increased visibility Variable earnings depending on member reading time

As a writer on Medium, it’s important to weigh the pros and cons and make an informed decision based on your individual goals and priorities.

Conclusion

In conclusion, Medium provides writers with a valuable opportunity to earn money through the Medium Partner Program. By leveraging this platform, writers can monetize their content while reaching a wide audience of engaged readers.

While the earning potential on Medium can vary, success ultimately hinges on several key factors. Consistency is crucial, as regularly publishing quality content increases visibility and exposure. Additionally, writers should focus on producing valuable and engaging articles that resonate with readers and encourage them to spend more time on the platform.

Engagement plays a vital role as well. Interacting with readers through comments, feedback, and social media helps build a loyal following and establishes a sense of community around your writing.

“The Medium Partner Program provides an excellent opportunity for writers to showcase their work, generate income, and connect with readers.”

Final Summary of Medium Earnings

While the potential earnings on Medium can be significant, it’s important to note that success is not guaranteed, and the majority of writers earn less than $100 per month. However, top earners on the platform can make thousands of dollars monthly.

Creating a diverse income stream by considering bonus payments, curated articles, and featured placements can enhance earnings. Furthermore, exploring additional monetization avenues such as affiliate income, freelance writing opportunities, and self-promotion can contribute to overall financial success on Medium.

My journey on Medium

On a personal note, my experience on Medium has been both rewarding and challenging. It has allowed me to grow as a writer and introduced me to a supportive community of fellow authors. While my earnings have steadily increased over time, I’ve come to appreciate that success on Medium is a journey that requires dedication and perseverance.

Finally, if you aspire to make money on Medium, it’s important to set realistic expectations and prioritize delivering value to your readers. By consistently providing well-crafted, insightful content and engaging with your audience, you can maximize your earning potential and create a truly fulfilling writing career on Medium.

Additional Resources for Making Money on Medium

If you’re looking for more information and tips on how to boost your earnings on Medium, there are many valuable resources available on the platform. These resources can provide valuable insights, strategies, and inspiration to help you grow your income.

Medium Guides

One of the best sources of information on Medium is the platform’s own guides. These guides cover various topics related to making money on Medium, including tips for increasing your writing income, strategies for optimizing your articles, and advice on building a loyal following. Make sure to explore the guides section to discover valuable resources that can help you succeed on Medium.

Medium Blog

Medium has a dedicated blog where they regularly publish articles about writing, publishing, and monetization on the platform. The blog features insights from successful Medium writers, in-depth analyses of Medium’s features and updates, and tips for maximizing your earning potential. It’s a great resource to stay up-to-date with the latest trends and strategies for making money on Medium.

Medium Publications

There are several publications on Medium that focus on helping writers earn money on the platform. These publications often publish articles with specific tips, case studies, and success stories from Medium writers who have found financial success. Exploring these publications can provide you with new strategies, ideas, and perspectives on how to monetize your writing on Medium.

Medium Communities

Another valuable resource on Medium is its vibrant community of writers. Joining Medium writing communities can connect you with other writers who are also looking to earn money on the platform. These communities often share tips, collaborate on projects, and provide support and encouragement. Engaging with these communities can not only expand your network but also open doors to new earning opportunities.

Remember, the more you immerse yourself in the Medium community and explore the available resources, the better equipped you’ll be to succeed in making money on Medium. So take the time to dive into these resources and unlock your earning potential!

FAQs

As an aspiring writer looking to make money on Medium, you may have some common queries about earning potential and strategies. Below, I will answer a few frequently asked questions about making money on Medium.

1. How much can I expect to earn on Medium?

The earnings on Medium can vary widely depending on various factors such as the quality of your content, engagement with your readers, and the number of subscribers you have. While some writers make a significant income, others may earn less. It’s important to approach Medium with realistic expectations and focus on consistently producing valuable content.

2. How does Medium calculate writer earnings?

Medium calculates writer earnings based on the reading time of Medium members. The more time members spend reading your articles, the more income you can generate. Additionally, Medium takes into account the reading time of non-members who become members within 30 days of reading your article.

3. Are there other ways to make money on Medium?

Yes, besides the Medium Partner Program, there are additional opportunities to earn on Medium. You can explore affiliate income by promoting products or services relevant to your writing. Freelance writing opportunities, where you can offer your writing services to clients on Medium, are also worth considering. Furthermore, promoting your blog or business through your Medium articles can help generate income through increased visibility and conversions.

By addressing these frequently asked questions, I hope to have provided you with a clearer understanding of how to make money on Medium and the potential opportunities available to writers. Remember to focus on producing valuable content and engaging with your audience to maximize your earning potential.

FAQ

How do I make money on Medium?

You can make money on Medium by joining the Medium Partner Program and getting paid for your writing based on member reading time. There are also bonus payments for outstanding content.

What is Medium?

Medium is an online publishing platform where anyone can publish articles. It’s often referred to as the “YouTube of writing” and attracts millions of readers every month.

How do I get paid to write on Medium?

To get paid to write on Medium, you need to join the Medium Partner Program. This program allows you to earn a portion of the revenue from Medium members’ subscriptions.

What are bonus payments, curated, and featured articles?

Bonus payments are additional money that Medium pays for outstanding content. Curated articles are recommended in one or more topics, while featured articles get prime placement on the front page.

How much money can I make writing on Medium?

The amount of money you can make writing on Medium varies. While most writers earn less than 0 per month, top earners can make thousands of dollars per month.

How does Medium pay writers?

Medium pays writers based on member reading time. The more time members spend reading your articles, the more money you can earn. Medium also takes into account reading time from non-members who become members within 30 days of reading your article.

What are some tips for making money on Medium?

To increase your earnings on Medium, consider finding a niche, focusing on storytelling, promoting your stories, engaging with readers, and seeking growth opportunities beyond the platform.

Are there other ways to make money on Medium?

Yes, apart from the Medium Partner Program, you can also earn money on Medium through affiliate income, freelance writing opportunities, and promoting your blog or business.

What’s the difference between blogging on Medium and WordPress?

While Medium offers a built-in audience and an easy-to-use interface, WordPress provides more control and customization options. Consider the pros and cons of each platform when deciding where to publish your content.

What are the pros and cons of writing for Medium?

Writing for Medium has advantages such as the potential to earn money and access a large audience. However, it also has limitations, including the changing payment structure and the challenge of standing out among thousands of other writers.

Is it possible to make money on Medium?

Yes, making money on Medium is possible, but it requires time, effort, and a strategic approach. Setting realistic expectations and providing valuable content to readers are essential for success.

What are some additional resources for making money on Medium?

There are many resources available on the Medium platform that provide insights, strategies, and inspiration for growing your earnings. Explore these resources for more information and tips.

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Kostadin

Financial expert with Wall Street and real world experience covering personal finance, investments, financial independence, entrepreneurship.

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