The Medium Partner Program: Where the Magic Happens
Alright, folks, let's talk about the Medium Partner Program, your golden ticket to pocketing some green for your writing. This program lets you earn money based on how much love your stories get from Medium members. Who are these mysterious Medium members, you ask? Well, they're the fine folks who pay for a monthly or annual subscription, giving them access to unlimited stories, audio narrations, exclusive content, and more.
But, before you start rolling in dough, you've got to meet a few requirements:
Become a Medium Member: First, you've got to join the club. You can sign up for a free trial or shell out $5 per month (or $50 per year) to become a full-fledged Medium member.
Publish a Story: Show you mean business by publishing at least one story on Medium in the last 6 months.
Location, Location: You need to be in one of the 140+ supported countries to play in this money-making game.
Age Matters: You've got to be 18 years or older, because, well, adulthood comes with responsibilities, right?
Once you've jumped through these hoops, it's decision time. You can choose to let your stories bask in the limelight by making them eligible for the "Paywall your story" option. This means only Medium members get the whole shebang, while non-members only get a sneak peek. No pay, no play, you see.
Show Me the Money: How It's Calculated
Now, let's dive into the nitty-gritty of how your earnings are cooked up. Your Medium moolah is determined by four factors:
Member Read Time: The more time Medium members spend glued to your story, the more cha-ching you hear. It's like they're putting coins in your virtual piggy bank with every minute they read.
Member Engagement: Claps, highlights, replies, and new follows - these are like applause, standing ovations, and encore requests for your story. The more engagement you rack up, the bigger the virtual tip jar becomes.
Follower Bonus: If Medium members who follow you read and engage with your stories, you get a bonus. It's like having a fan club that showers you with love and cash.
Boost Bonus: Want to hit the jackpot? Get your story Boosted by the Medium bigwigs. They love original, informative, and engaging tales. Get the nod, and you're on your way to fame and fortune!
Your earnings are like that friend who never forgets to text you back. They're updated daily and sent your way every month via Stripe. You can keep tabs on your cash stash and stats on your Partner Dashboard.
So, How Much Can You Make, Anyway?
Ah, the million-dollar question (almost literally). Your Medium earnings depend on a bunch of stuff - the quality and quantity of your stories, your topics, your audience size, and how your stories perform over time.
Now, Medium doesn't spill all the beans about their secret earnings formula, but they do toss out some crumbs. For instance, in July 2023, they spilled the tea:
The average earning per story was $28.72 (not too shabby, right?)
The highest-earning single story raked in a jaw-dropping $7,924.22 (ka-ching!)
The top earner in the author department pocketed a cool $23,816.29 (serious cash vibes)
Nearly 10% of active writers cashed in over $100 (not bad for a side hustle)
2% of active writers joined the four-figure club with over $1,000
0.2% of active writers were living large with over $10,000 (we're talking vacation-in-Maldives kind of money)
These numbers paint a pretty picture, but let's not kid ourselves - making money on Medium ain't a walk in the park. It takes hard work, consistent writing, and building your reputation. But hey, it's possible!
Secrets to Medium Success
If you're eager to snag a piece of that Medium pie, here are some tips and tricks:
Write What You Love: Pen down topics that tickle your fancy and intrigue your readers. Passion + knowledge = winning combo.
Catchy Headlines: Your headline should be like clickbait without the bait part. Make it snappy and intriguing.
Clarity Matters: Write clearly and concisely. No one's got time for jargon and fluff.
Be Unique: Let your personality shine. Be you, not a clone.
Structure Is Key: Organize your thoughts logically, and use formatting like headings and bullet points to keep it visually appealing.
Conclusion and Call to Action: Wrap it up nicely and tell your readers what to do next. It's like saying, "Hey, now go clap and follow me!"
Meet the Medium Money-Makers
Need some inspiration? Check out these folks who've cracked the Medium money code:
Tim Denning: He's all about personal development, entrepreneurship, and motivation. With over 100K followers, he's raking in over $10K per month. Oh, and he runs a newsletter called [The Better Life] - because why not?
Zulie Rane: She dives into writing, creativity, freelancing, and self-improvement. With 60K followers, she's pocketing over $5K per month. She's even got her own coaching services over at [Zulie Writes].
Nicolas Cole: He's a best-selling author, speaker, and entrepreneur who dishes out wisdom on personal branding and online business. He's got 40K followers and pulls in over $4K monthly. He even runs [Digital Press] to help others build their personal brands.
Sinem Günel: She's all about happiness, productivity, and self-improvement. With 50K followers, she's cashing in over $3K monthly. She's even got her own coaching and courses at [Personal Growth Base].
Tom Kuegler: A travel blogger, digital nomad, and online entrepreneur, he talks travel, lifestyle, and blogging. With 30K followers, he's making over $2K monthly. Check out his adventures at [Finding Tom].
Shannon Ashley: This single mom, writer, and blogger tackles parenting, mental health, relationships, and more. With 20K followers, she's cashing in over $1K monthly. And she's got her own newsletter, [Honestly Yours].
So there you have it, a roadmap to turning your Medium musings into money. Now, go forth, write, engage, and earn those digital dollars. Cheers to your Medium success! 😊
Frequently Asked Questions About Medium
Here are some of the most frequently asked questions about medium.com, and the best possible answers to them:
How do I sign in or sign up to Medium?
To sign in or sign up to Medium, you can use your email address, Google account, Facebook account, Twitter account, or Apple ID. You can also use your Medium username and password if you have already created an account. To sign in or sign up, go to medium.com and click on the “Get started” button in the top right corner. You will see a list of options to choose from. Select the one that suits you best and follow the instructions on the screen.
How do I write and publish my first story on Medium?
To write and publish your first story on Medium, you need to have a Medium account. Once you are signed in, click on your profile picture in the top right corner and select “New story” from the drop-down menu. You will be taken to the story editor, where you can write your story using various formatting tools and features. You can also add images, embeds, tags, and more to enhance your story. When you are ready to publish, click on the “Publish” button in the top right corner. You will be asked to add a title, subtitle, and featured image for your story. You can also choose to make your story eligible for the Partner Program, which allows you to earn money from your content. After you have filled in the details, click on “Publish now” to make your story live.
What is the Partner Program and how do I join it?
The Partner Program is a way for writers to earn money from their stories on Medium. Writers can make their stories eligible for the Partner Program by turning on the “Earn money” toggle when they publish their stories. The earnings are based on the reading time and engagement of Medium members who read their stories. Writers can also earn from referred memberships, which are subscriptions that are attributed to their stories. To join the Partner Program, writers need to have a Stripe account that is connected to their Medium account. They also need to agree to the Partner Program Terms and follow Medium’s rules and content policies.
How do I follow topics, publications, and writers on Medium?
To follow topics, publications, and writers on Medium, you can use the “Follow” button that appears on their pages or profiles. You can also use the search bar to find and follow the topics, publications, and writers that interest you. When you follow something or someone on Medium, you will see their stories in your personalized home page and in your daily digest email. You can also manage your following list by going to your profile and clicking on “Following” in the top right corner.
How do I clap for a story on Medium?
To clap for a story on Medium, you need to be signed in to your Medium account. You can clap for a story by clicking or tapping on the clap icon that appears at the bottom of the story or on the left side of the screen. You can clap up to 50 times for each story, and the more you clap, the more you appreciate the story. Clapping for a story also helps the writer earn money from the Partner Program if they have made their story eligible for it.
How do I bookmark a story on Medium?
To bookmark a story on Medium, you need to be signed in to your Medium account. You can bookmark a story by clicking or tapping on the bookmark icon that appears at the bottom of the story or on the right side of the screen. Bookmarking a story allows you to save it for later reading. You can access your bookmarked stories by going to your profile and clicking on “Bookmarks” in the top right corner.
How do I comment on a story on Medium?
To comment on a story on Medium, you need to be signed in to your Medium account. You can comment on a story by clicking or tapping on the speech bubble icon that appears at the bottom of the story or on the left side of the screen. You can also highlight any part of the story and click or tap on the speech bubble icon that appears next to it. Commenting on a story allows you to share your thoughts and feedback with the writer and other readers. You can also reply to other comments and clap for them.
How do I share a story on Medium?
To share a story on Medium, you can use the share button that appears at the bottom of the story or on the right side of the screen. You can share a story via email, Twitter, Facebook, LinkedIn, WhatsApp, or copy its link. Sharing a story helps spread the word and reach more readers. You can also earn from referred memberships if you share a story that is eligible for the Partner Program.
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