According to the Medium Writers Newsletter, 66 percent of writers or publications who published at least one story for members earned money in August. Medium touts that the highest-earning writer raked in more than $49,000 that month—damn near impossible to replicate elsewhere.
In respect to this, how much can you earn from medium?
The truth is that there’s a lot of variation around how much money you can earn on Medium. Some of the top writers on the platform make over $25,000 per month. But most writers — 94.6%, in fact, last month — make less than $100 per month.
Just so, is it hard to make money on medium?
Earning money on Medium is still possible, but it is difficult if you’re focused solely on views. Establish yourself as a writer who is knowledgeable about a certain subject or field, and the readers will come to you.
Is medium worth it for writers?
Every experimental post, every nerve-wracking story, every article you’re convinced will do awfully, it has a chance to earn money when a paying Medium member reads it. All in all, I can safely say writing on Medium in 2021 is 100% worth it for bloggers and writers of any experience level.
It is relatively cheap and, given the amount of content that will become available to you, it is totally worth it. Just think of how much content you’ll be able to access for a low monthly fee (it’s about as much as a single beverage from Starbucks).
According to Medium:
Partner Program writers are paid every month based on how members engage with stories. … Each member’s $5 per month subscription is distributed proportionally to the stories that the individual member engaged with that month. In other words, you are paid per clap on Medium.
Optimizing for Medium in a Nutshell
- Use a great image.
- Spend a few bucks on social ads to give your post a little push.
- Work with Medium publications for more exposure.
- Kill underperforming posts and bring them back.
- Add more Twitter and Facebook followers.
- Follow people who like your posts.
- Post regularly.
You get paid by the clap… but cost–per–clap ranges from $0.01 to $2.19. Medium pays authors based on a weighted cost–per–clap system.
Medium pays authors by dividing up every individual subscriber’s fee between the different articles they’ve read that month. But rather than doing an even division between articles, Medium will weight payments toward whichever articles a subscriber gives the most claps to.
Medium makes money via members paying $5 a month to read stories published on the site. When members read a story, the writer gets a portion of their monthly fee. They can also ‘clap’ for stories that they like.