How to Make Money Writing on Medium.com (Complete Guide)

Summary

This video offers insights on monetizing writing through Medium, suggesting strategies for both new and experienced writers. It advises on posting frequency, with options for quality or quantity, and highlights the most lucrative topics like health, wealth, and productivity. The video also explores how to leverage Medium as part of a larger business model, including using it to drive traffic to other revenue streams like newsletters, digital products, and affiliate marketing. It emphasizes the importance of starting an email list and diversifying income beyond the Medium Partner Program.

Takeaways

• 📈 To maximize earnings on Medium, focus on writing either high-quality, longer articles less frequently or shorter articles more often.
• 🔍 Successful Medium writers often target topics like productivity and 'how to make money as a writer' due to their appeal to the platform's user base.
• 📊 The average Medium reader is between 24 to 35 years old, from the US, interested in programming, software, and technology, which influences the type of content that performs well.
• 💡 Posting frequency should be at least once per week, adjusting based on personal capacity and preferred content strategy.
• 💼 Medium's partner program has a ceiling; to earn substantial income, use it as part of a broader online business strategy.
• 💡 Expand your Medium earnings by leveraging multiple income streams such as paid newsletters, digital products, or online courses.
• 🔗 Including a link to a newsletter or other digital products in your posts can help drive sales and supplement your Medium income.
• 🌐 For those not eligible for the Medium partner program, using affiliate marketing through reviews or walkthroughs can be a profitable strategy.
• 💌 Building an email list is crucial for writers, and it should be started as soon as possible, or at least once you reach 1,000 followers on Medium.
• 📚 To get started or improve on Medium, consider joining writer communities and utilizing resources like playlists and courses designed for Medium success.

Q & A

What is the recommended posting frequency for new Medium writers?

For new Medium writers, it's recommended to post one to three times, depending on how much time you have and which strategy you prefer: focusing on quality over quantity or quantity over quality.

How does the Medium Partner Program work in terms of earning money?

The Medium Partner Program allows writers to earn money based on the read time of their stories. Longer read times can result in higher earnings, but the program has a ceiling for substantial income.

What are the key points successful writers focus on when writing for Medium?

Successful writers on Medium often focus on a few key points and keep their read time low to post more often, increasing the chances of their stories going viral.

What is the average age and interest of Medium readers according to the script?

The average Medium reader is between 24 to 35 years old from the US, interested in programming, software, and technology.

Which topics are suggested to be most profitable on Medium?

The most profitable topics on Medium include productivity, how to make money as a writer, health, wealth, love, and gossip, as these topics appeal to a broad audience.

Why is submitting to Publications on Medium advised for writers?

Submitting to Publications on Medium is advised because it can expand a writer's reach, especially when they are first starting out, and can be extremely helpful for gaining more views on stories.

What are three strategies mentioned in the script to earn substantial income on Medium?

Three strategies mentioned are: 1) Leveraging the Medium Partner Program to earn over $1,000 per month, 2) Creating a community around a publication to supplement earnings, and 3) Using affiliate marketing to earn commissions from reviews or walkthroughs.

How can writers who are ineligible for the Medium Partner Program still earn money on the platform?

Writers who are ineligible for the Medium Partner Program can use affiliate marketing to earn money. They can write reviews or walkthroughs and earn via affiliate commissions, even with a free Medium account.

What is the significance of starting an email list according to the script?

Starting an email list is considered foundational for turning Medium into a full-time business. It's advised that every writer should start building an email list outside of Medium as soon as possible.

What is the role of the Medium Boost Nominator Program in earning money?

The Medium Boost Nominator Program allows publication owners to receive a flat monthly rate by nominating posts to get boosted, which can help supplement earnings and create a community around a publication.

How can writers maximize their earnings on any topic on Medium?

Writers can maximize their earnings on any topic by creating a community around it, leveraging multiple income streams such as paid newsletters, digital products, or online courses, and using Medium as a stepping stone toward an online business.