4 Writing Trends to Make More Money as a Writer in 2024

Summary

The video discusses four emerging online writing trends. It highlights Medium's shift to a members-only model and its potential for affiliate marketing. The growing importance of audio content is underscored, with AI tools suggested for voiceovers. The video also touches on the impact of AI on solo business operations and the changing landscape for freelancers, emphasizing the need for client acquisition and value packaging beyond basic writing skills.

Takeaways

• 📈 Trends in online writing change rapidly, and adapting to them is crucial for success.
• 📝 Medium remains a popular platform for writers, but its earning potential is limited to its 1 million paying members.
• 🔍 Medium stories rank high on Google, making it an excellent place for promoting affiliate links or selling products and services.
• 💡 Turning off the paywall on Medium stories can help reach a broader audience through organic search.
• 🎙️ Audio versions of articles are gaining popularity, with a significant increase in visit duration observed on websites offering them.
• 🤖 AI tools can assist in creating audio versions of content, saving time for writers who may not want to do voiceovers themselves.
• 🏢 The traditional need for outsourcing work is diminishing due to user-friendly AI tools, allowing individuals to manage businesses on their own.
• 📚 Starting a writing business now primarily involves writing on a chosen platform, with many tools offering free versions to get started.
• 🔑 The role of a freelancer is evolving; self-reliance and the ability to showcase unique value are becoming more important than ever.
• 💼 Freelancers should focus on client acquisition and showcasing their experience and strategic value rather than just the work itself.
• 📈 The speaker provides resources and statistics on major writing platforms to help writers choose the best platform for their needs.

Q & A

What is the main point of the video regarding online writing trends?

The main point of the video is to outline four emerging online writing trends and provide advice on how to navigate them to adapt with the times.

Why is Medium considered a great platform for writers according to the video?

Medium is considered a great platform because it allows writers to write and get paid without any experience or the need to set up their own website.

What is the 'missing puzzle piece' about making money on Medium mentioned in the video?

The 'missing puzzle piece' is that with Medium's members-only model, writers are primarily writing for about 1 million paying Medium members, which means there is a limited audience for earnings from the Medium Partner Program.

How can writers leverage Medium's traffic despite the members-only model?

Writers can leverage Medium's traffic by promoting affiliate links, selling products or services, and leveraging the platform's high organic search rankings by turning off the paywall on their stories.

What is the significance of audio versions of articles in the context of the video?

The video suggests that audio versions of articles can significantly increase visit duration and are becoming essential for content consumption, with a prediction that they will be crucial within the next 3 years.

How can writers who do not like doing voiceovers create audio versions of their articles?

Writers can use AI tools that perform voiceovers quickly and efficiently, such as the 11 labs tool mentioned in the video, which the speaker uses for their newsletter.

What is the impact of user-friendly AI tools on the role of a freelancer according to the video?

The impact is that the necessity to outsource work has diminished, and the perceived value of a freelancer's work has been reduced due to the availability of AI tools that can perform tasks traditionally done by freelancers.

How can freelancers adapt to the changing landscape of work as described in the video?

Freelancers can adapt by focusing on client acquisition, building a portfolio, and packaging their value in terms of experience and strategy rather than just the work itself.

What advice does the video give for writers looking to scale their income beyond Medium earnings?

The video suggests that writers should not rely solely on Medium earnings and should consider promoting affiliate links, selling products or services, and leveraging the platform's organic search capabilities.

What is the role of editing and strategy in the context of the video's advice for writers?

Editing and strategy are important because they help turn an article into valuable content. The video emphasizes that showcasing success in a particular field and offering value through experience is more important than just writing samples or promises of high search rankings.

What resources does the video offer for writers looking to make money online?

The video offers a list of major writing platforms, up-to-date statistics, and a library of videos on how to make money as a writer, which will be provided in the video description.