Learn how to make money on Medium, step-by-step. We'll show you the process of monetizing Medium and how to take earnings to the next level once approved.
You have to be living under a rock if you haven’t explored the Medium platform yet.
It is the publication platform that Hillary Clinton used to set up her first-ever campaign publication in 2016.
It is also where the Momentum publication started for writers to share thoughts on anti-black racism after George Floyd’s murder in 2020.
Currently, Medium is a community of 200,000 and 400,000 paying subscribers.
On top of all, it is one of the best ways to make money online and raise your voice.
You can make some good money online by sharing your thoughts or, as Medium calls, Stories.
How?
Let’s walk through this post to learn how to make money on Medium.
Medium is a content publishing platform that anyone can join for free.
There is also a paid subscription plan for $5 per month to access endless content.
Medium’s main purpose is to liberate writers. It is one of the best blog sites that pay writers to write whatever they want.
Medium has no limitation on genres—you can write on tech topics, personal life stories, or something else. Again, don’t write anything offensive or against Medium writing policies.
After joining the Medium Partner Program, don’t expect to make money overnight.
Medium calculates your income based on the following:
So, beginners should expect little or zero income for a few months.
But that’s no rule.
Some exceptional first stories received a great response on Medium.
There is no solid answer to that.
Some top writers make $1000, $2000, or $5000 per month on Medium.
Since Medium considers reading time to calculate monthly payouts, it is hard to tell how much money you can make on Medium at the end of the month.
There is a simple formula to calculate your Medium income:
Consistency on the platform + Content quality = Your Medium Income
There are a few things you can do to make more money on Medium, such as:
Writing on Medium is easy because it has a simple interface and content editor.
But making money on Medium is even easier.
Here’s how to make money on Medium:
The Medium Partner Program is the best way to make money online.
It allows freelance or part-time writers to earn income based on how much response their stories receive.
The MPP is a free program that anyone can join. Even unpaid Medium users can join the program.
Here’s a certain eligibility criterion to join this program:
If you are eligible to join the program, apply via a form and wait for Medium approval.
Once Medium accepts your request, your real money-making process starts.
You must create informative, SEO-focused, consistent content for the best results.
Medium offers built-in tracking tools to discover your top-performing stories so you can cover more of those topics.
But, in the end, it depends upon your efforts—how much you can make from this program.
Apart from MPP, Medium creators can use Referred Membership support to make more money.
The writers enrolled in the Medium Partnership Program can participate in this feature.
If an MPP writer converts a non-paying Medium user into a paying one, they earn half of that user’s membership fee.
That means if a Medium fee for a user is $5 per month, you can receive $2.01 for each referral after deducting additional charges.
This image can better help you understand your Medium referral earnings:
There you have two options to make money via referrals:
Custom Landing Page
A Partner Program writer has the option to personalize referral landing pages.
In addition, it provides Medium readers a chance to become paid members to access your unlimited stories.
Also, writers can share this page link on post pages and social media platforms or add it to their Medium profiles.
To create referral landing pages, open your Medium account and tap on your profile picture.
Afterward, go to Settings > Publish > Share your membership referral page.
Then, copy your link and share it anywhere you want.
Create an Email Subscribers List
Medium now lets PP writers create an email list.
In addition, you can build an email subscription subscriber list of non-paying Medium users.
After that, you can create innovative email marketing campaigns to promote your referral link and convert more paying customers to this platform.
You can personalize the referral message to attract more signups.
To do so, tap your profile picture > Settings > Publish > Customize your membership message.
Are you not eligible for the Medium Partnership Program?
Then, no need to feel bad. You can still make money on Medium—thanks to paid publications.
Medium publications are shared spaces where writers can contribute stories on a set theme or topic.
These publications have a huge follower base to expand your stories’ reach.
The best part is some Medium publications reward writers for showcasing their work on their platform.
The reward amount can vary from publication to publication. Some leading publications even pay $50, $100, or more for a story.
You can check your targeted publication guidelines to know how much they pay and check their writing guidelines.
You have to follow the publication’s guidelines properly.
Otherwise, they can reject your story.
Here are some top-paying Medium publications:
Medium allows affiliate links. If you have joined an affiliate marketing program, you can promote it via your stories.
You can also promote your affiliate programs on Medium.
However, if you plan to share affiliate links containing stories on the Medium publication, check that publication’s guidelines regarding affiliates.
In addition, spammy and pornographic affiliate links are not allowed on Medium.
Here are some basic rules for using affiliate links on Medium:
Medium appreciates their writers’ hard work.
Therefore, Medium has started distributing rewards to its consistent and high-performing contributors.
From time to time, Medium shares a part of its profit with top-performing writers.
It is an indirect way to make money from Medium.
Marketers and bloggers can use Medium to drive traffic toward their websites.
For example, you can share a snippet of your blog post on Medium and motivate readers to visit your site to access the full content.
Marketers can use Medium to generate backlinks.
They can avoid all ledge work of approaching third-party websites for guest blogs and simply post content on Medium.
You can also target relevant keywords and improve your website credibility through Medium.
Writing on Medium is both rewarding and suitable for your digital reach.
Moreover, as we have discussed, you can make money via several options on Medium.
Medium Partner Program and Referred Membership are the two best ways to make money on this platform.
Unfortunately, if you cannot join this program, writing for publications and affiliate marketing is the next best option to generate income from Medium.
We hope this “how to make money n Medium” tutorial has given you some perspective to start earning through your writing.
However, if you need more help with online money-making, please refer to our other tutorials.
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