6 Proven Methods to Monetize Your Writing Skills
Are you a writer looking to make some extra cash?
Medium may be the perfect platform for you.
With its large and engaged audience, Medium offers many opportunities for writers to make money.
In this article, we’ll discuss six different ways you can make money on Medium and provide some tips to help you get started.
#1: Partner Program on Medium
The Partner Program on Medium allows writers to earn money based on the engagement their stories receive.
Essentially, the more internal views your stories get (from paid members), the more money you can make.
To qualify for the Partner Program, you need to publish at least one story on Medium and have 100 followers. Once you’ve qualified and applied, you can start earning money for your stories.
Some successful writers on the Partner Program have even landed book deals and made significant money.
However, the Partner Program doesn’t pay for external views, which means you won’t earn money for readers who aren’t paid Medium members.
That said, I still recommend sharing your articles on social media for extra exposure and engagement. Although external views won’t directly earn you money, they can still lead to more engagement and potential earnings. Check out method #3 for more information.
#2: Member Referral Program
Medium’s Member Referral Program rewards writers for referring new members to the platform. So those external views will be your earning potential if they turned into a paid member of Medium via your link.
For every new member you refer, you’ll earn 50% of their membership fee.
This is also a great way to make money on Medium without having to write anything. You could simply share other people’s articles on your social media and encourage people to join Medium if they want to read more articles like this.
Some successful referrers on the Member Referral Program said they are making couple hundred dollars each month.
Good thing is, since the membership fee is on a subscription model, this also means you will be receiving commissions on a recurring base.
If you are not a paid member of Medium, you can sign up using my link https://vickyhui.medium.com/membership to access unlimited awesome stories.
#3: Creating a Publication
Creating your own publication on Medium is a great way to build an audience and make money.
Once you have a solid base of subscribers, you can send out newsletters and make money through sponsorships, partnerships, and more.
Plus, having your own publication gives you more control over your content and can help you establish yourself as an expert in your field.
When you have a more established publication, you could start having other writers join your publication to write and publish content.
#4: Affiliate Marketing
Medium also offers writers the opportunity to earn money through affiliate marketing.
You can promote products and services related to your niche and earn a commission for any sales made through your affiliate link.
To get started, find affiliate programs related to your niche and start promoting products and services in your Medium stories.
You can simply start by writing about the products and services that you are using, tell people why you needed it in the first place, and what problem has it helped you solve.
The chances are, if you paid money to buy a great product, someone else might need it, too!
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#5: Writing for Clients
If you’re a freelancer, Medium is a great place to find clients who are willing to pay for high-quality content.
Use Medium as a blogging platform and showcase your writing examples on it.
Add to the footer of each article to tell your readers that you are a freelance writer looking for clients to work with. This way, companies or potential clients will see your work and can get in touch with you if they need a guest post.
There are many companies and individuals looking for content on Medium, and they’re often willing to pay top dollar for quality work.
Don’t forget to add your contact details such as your Twitter handle or email address as well since there’s no messaging system on Medium.
#6: Writing and Selling E-books
Writing and selling e-books on Medium can be a lucrative source of income. You can write about any topic you like and sell your e-book directly to readers on Medium.
Of course, it is best to have an e-book about what resonates with your readers. If they are interested in what you write about on your page, they are more likely to purchase your e-book.
Plus, you can use your e-book as a lead magnet to promote your other digital products and build your brand on the platform.
And, if the writing sounds daunting to you, an AI writing assistant might be just what you need.
Final Words
In conclusion, there are many different ways to make money on Medium, and each method has its own advantages and disadvantages.
Whether you’re looking to earn a little extra cash or build a full-time income, there’s never been a better time to start writing on Medium. So go ahead, give it a try, and see where your writing can take you!
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Additional info
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