How to Make Money on Medium in 2022
Yes, it’s possible to make money on Medium.com . If you are looking for guidance about how to make money on medium in 2022 then you are in right place. You just have to post your content that provides value to the reader and you are good to go! With that said, there is no need for Affiliate Marketing, but you can do it if you like.
The best part is the fact that you need not confine yourself. If writing is your hobby, then Medium can be your go-to place. In the same way, if you love to share your stories, this platform is where you should be hanging out more!
At this point, you might be wondering how much you can ideally make at Medium in a month? With the new year around the corner, you may think about how to make money on Medium in 2022?
The answer is quite simple! Here it is:
More the Effort = More the Money!
It’s as simple as that! It’s true that people will be telling you of shortcuts and whatnot, but nothing in life comes free! At least not the things that are of high quality. So if you want to earn a steady income here, you have to be persistent.
You have to ask a few questions to yourself! For example, whether you want to earn a full time or if you are writing here as a hobby. It’s possible that you are just a beginner and you are not sure of the ins and outs of blogging, and that’s where this platform comes into play.
Give yourself some goals! If you want to earn something better, then make sure that you are trying your best.
Shannon Ashley was able to make $8000 a month on Medium. When you reading such inspiring stories, it can give you a chance to think that you can make money in 2022.
Let’s find out more about this amazing platform!
What Is Medium?
Medium is a publishing platform that’s available worldwide and supports independent writers. You can create content, read it, and also you can find individuals like you! It’s a place where you can find your tribe. The best part is that you can make money from what you like to write! About One hundred million readers share their ideas.
If you want to make money online, and especially when you want to make money online in 2022, it’s time to consider this platform.
Who Is Eligible to Write On Medium?
An interesting thing about this particular platform is the fact that anyone can write on Medium. So, it doesn’t matter whether you are a journalist, an author, or maybe an individual running a business; you can share your stories with the world. It’s especially good for beginners who want to establish a career in writing and blogging but don’t understand the technicalities of maintaining a blog.
Article writing or you can say story writing isn’t that tough here! You can write about things that provide value to the reader or you can simply share your hobbies. Blog writing is getting popular over the years. You can earn money writing on Medium so all you need to do is sign up at medium.com.
What Is Medium Membership?
If you want to enjoy unlimited readership, you can get a membership at a price of $5/month. When you get the membership, you will be able to support your favourite writers.
What Is A Medium Partner Program?
To be eligible to join the Partner Program, a person needs to have at least 100 followers and must have published a story on this platform. Only certain locations are eligible to apply for the Partner Program. After review from the team, you can enrol in the Partner Program.
You will be paid via a third-party payment service called Stripe and you have to link your bank account or debit card to Stripe. Also, you will receive the payments after providing the taxpayer information. You can put your new and published stories behind the paywall so that you can earn from them. It’s important for you to bear in mind that you have to put each story behind the paywall to be eligible for earning from it.
You will be paid each month and it will base on the member engagement. Another way to earn is via referred memberships. The good news is that the referred membership is recurring, but the membership plan has to be active.
You need to stay active on the platform in order to be eligible for earning. You will be able to track your earnings from the Medium dashboard.
Fulfil the criteria to be eligible for the Partnership Program. Another thing that’s worth noting here is the fact that you need not be a paying member in order to be eligible for the Partnership Program. However, when you are paying monthly/yearly for the membership, it supports your favourite writers!
Why Is Member Reading Time Important?
You earn money on Medium based on the reading time of the members. If the member like your story, they will spend more time reading and thus, you will be able to earn more from it!
If you want to know what readers like to read, you can check out the stories that are selected by the majority. Plus, it will also give you an idea of what type of stories capture the attention of the potential audience.
The Medium earnings are calculated in the following ways:
You earn money based on the member’s reading time which is equal to the length of time a reader reads your story! Though you are paid once a month, you will be able to track your earnings so that you will know what to expect and where to work harder.
Let’s say if a non-member is reading your stories and they decided to get the membership, then the readership of the non-members would count too in such a scenario. So, when a non-member becomes a member within 30 days of reading your story, you can earn from it!
Depending on how much of the monthly reading time a reader is spending on your stories, you get the portion of their subscription fee accordingly. You can be a generalist writer, or you can write niche-specific topics. It’s possible that you can attract more readers if you choose unique topics as more readers will want to read your stories.
Also, you earn through referred membership as mentioned previously. So write a story in a way that a reader is convinced to become a member. It’s beneficial for you! You get half of the membership fees (net of standard payment processor fee). It’s recurring so that’s the most amazing part of it, but the reader has to remain active for you to get these earnings.
The monthly membership fee is $5/month.
Annual membership is $50/year.
The standard payment processing fee is 2.9% + $0.30
You receive earnings of each month on the 8th of the following month. For example, you will receive the earnings for the month of October by November 8th! It may take up to 5 to 7 business days for the payment to appear in your account.
You can also earn through the Publication stories as the publication have a wider audience base; however, you have to be eligible for the Partner Program.
What Are the Medium Publications?
Publications are like online magazines on Medium; plus if your stories are in the publications they will have a higher chance of getting the readership. Imagine if you are writing an article, but there is no one out there to read and support it. You can ask your friend to read your article, but you need a bigger audience to earn extra! And that’s where a publication comes into play.
It’s wise to read the guidelines and acquire relevant information before publishing your stories. When you know what to expect and how to format a particular story, it will be a lot easier to write. Understanding the platform well is also wise to make yourself a successful writer in the future. Find inspirational writers who are also earning well.
Is Medium Right for You?
If you are a beginner writer, then this can be the right selection for you! It can save you from the hassle of understanding how the blog works. But in the long run, you can focus on making your blog if you like! When you publish your stories on Medium, it serves as a sample for the audience.
When you apply for a project and a potential client asks you to provide a sample, you can send your published stories. Find the niche that works for you! Or you can be a generalist writer in the beginning and explore your niche as you go along!
Tips On Becoming A Successful Writer In 2022
There are many ways to attain the path of success and earn a side income or even full time! Consider the following:
Before joining the Medium platform, you can try to understand the ins and outs of it.
Talk to someone who is already earning on the platform and ask them to share the experience. Also, bear in mind that each individual is unique so what’s possible for one person might be hard for the other.
Try taking a course on this platform that can help you understand the platform if you find it hard to read blogs or find free information. A course can take you on a step-by-step journey to make your life easy.
Read the stories from famous writers, for example, Tim Denning is quite popular. See how they write and what’s special about their stories. Read different writers to get a gist of what people like to read.
If you want people to read your stories, it’s wise to do proper research. When you know what people like to read, it can be a lot easier for you to manage your work. Plus, you can earn more if people prefer to read your stories.
You are not just a good writer, but you also need to promote your stories, especially if you want to make a living from writing. Also, explore other options as they don’t put all your eggs in one basket.
It would be best if you focused on Medium Publications as it can serve as a gold mine to make your article go in front of the public. Plus, when the readers receive online newsletters, your article may capture their attention if it’s selected by a certain publication.
It’s also wise to write stories that are worth your time and effort. If your aim is to write and earn then you have to write in a way that makes sense! It should be valuable to the reader. Nobody wants to read fluff. In the modern age of information technology, readers have a short attention span. They want to read valuable content that makes sense.
It is a great platform for the readers and they don’t mind the fee! If you want to go through the free route, you have the option to read 3 free stories. However, if you want to be a writer, then it’s better to sign up for the membership as you will be supporting many other writers like you!
FAQs
Q. Can you write for free on Medium?
→ Yes, it’s absolutely free to join this platform. You can signup and start writing.
Q. How many articles can you read for free on Medium?
→ You can read up to 3 stories for free and after that, the stories will be locked. You have to be a paying member to read more stories.
Q. How much is a Medium monthly membership?
→ The monthly membership will cost you $5 per month or $50 yearly.
Q. Is Medium membership worth it?
→ Yes, it’s worth it if you love reading, writing, and making money online.
Final Words
If you are a writer, Medium can be a great way to take your writing to the next level. If you are not thinking about starting a blog at the moment and want to create some published writing samples, then this platform can be the best place! The best part is it can help you earn at the same time. There is a paid membership program that people enrol in. The Partnership Program helps the writers earn from the paid membership. You make/earn money when a paying member reads your article.
Now You Can Make Money Online in 2022! Enjoy!!
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