How to Make Money on Medium: 5 Ways to Get Paid
In a recent article, I talked about why I’m back to writing on Medium and why it might be a great opportunity for you too. Today, I wanna discuss how to make money on Medium, because there’s definitely more than one. Medium is a trusted platform, one of the top sites online, the home of millions of readers monthly and some of the biggest and most authoritative publications. Their platform is easy to use, both for creators and for consumers, and it’s well-optimized. There are many benefits of being a writer on Medium and it’s a fantastic way to grow your brand and business, spread the word about your products, and even become your main source of income. Here are some direct and indirect ways to monetize your content there. How to Make Money on Medium 1. The Medium Partner Program Medium has a built-in monetization system, and that makes it stand out from many other publishing platforms. It’s called the Medium Partner Program and it allows you to get paid for your content, based on the views, claps and engagement it gets. So write articles, get people to them (you can do that thanks to your marketing efforts or let Medium do it for you organically) and earn money for your writing. To apply for it, you need to have a profile on Medium, to have published a story within the last 6 months, be located in an eligible country, and be at least 18 years old. You can find the link to join inside your dashboard when you click your profile picture, or just google Medium Partner Program and get directly to it. Once you’re approved, you have to set up a Stripe account if you don’t have one already and provide some information. Then, you can go back to your existing stores and add a paywall. That happens by editing the individual story. Go to the 3 dots, click ‘Manage paywall settings’ and click ‘Yes, make this story eligible’. From then on, any views on it will earn you money. As for every new story you write, they are set to be eligible for the partner program. You might be wondering how the earnings are calculated and what they are based on. As of the most recent changes, that includes engagement points (which is based on reading time, number of people who clapped, highlighted and replied to your story, and the number of new followers from that story). Then there’s a boost bonus, your earnings increase if the story is boosted, and the read ratio adjustment which is the percentage of people who read your story for 30 seconds or more on the given day. There’s also the new follower bonus, and we’ll talk more about it in the next monetization method below. As for the earning opportunities, and if you wanna hear some numbers, you can earn $25-$30 per 1000 views on the platform, but other writers claim they earn a few dollars for the same number of views. There are many factors involved, of course, and some sources say this is much lower. I began seeing some cents coming in from just a few views on some stories and that happened in the first month of publishing my content on Medium. From a quick research I did, I saw someone saying they earned over $6,000 from 1 million views on Medium. Some of the top writers there make over $25K/month.