So, can you make money on Medium in 2021?
The answer is obvious for anyone who’s written there before..
You could publish a locked story today and earn money by tomorrow if you wanted to. The barrier to make money on Medium is pretty much non-existent–almost to the point where it seems too good to be true.
Now that we’ve answered that question, let’s answer a few other questions..
How much can you make on Medium?
Can you make a lot of money on Medium very quickly?
What do some of the top writers make on Medium?
We’ll talk about all of those and more in this blog post.
How Much Can You Make On Medium?
If you’re a beginner and you’re wondering about the money-making possibilities on Medium, don’t think you’ll get rich overnight. You can make a pretty good amount of money in your first 3 months, but it’s nothing to write home about. As you get settled you can make about $25 per month on Medium in your first 90 days.
That doesn’t mean it’s not worth it, though.
After your first 90 days, income amongst my students tends to go up exponentially. $75, then $150, then $300, then up to $1,000 after 9 or so months of steady posting on Medium.
What would you do with an extra $12,000 per year? That’s how much you can make on Medium if you really get good.
But what about the Medium all-stars? The best of the best? Some of them make anywhere from $20,000-$50,000 per month. It’s ridiculous.
In 2020, Medium actually paid out $11,000,000 to writers. Here’s a quote from their December newsletter:
So far in 2020, the number of writers in the Partner Program grew 106%, and 65,187 of them published their first story on Medium. Writers in the Partner Program have earned over $11 million this year.
For those wondering “can you make money on Medium?” a few minutes ago, you might be surprised right now after seeing $11,000,000 in payouts from them this year alone.
Can You Make A Lot Of Money On Medium Very Quickly?
Sometimes you can. To be honest, though, it’s difficult to make more than $100 in your first 30 days. You’d have to get into all the top publications and publish twice per day at the very least. It’s tough. Medium is more of a “slow-burn” and rewards those who stick with it over time.
How Do You Make Money On Medium?
Funny you ask that. Medium itself makes money with its subscription service. People pay $5 per month to read unlimited locked stories on Medium. Pretty much every story on Medium is “locked,” so let’s get that out of the way.
When someone reads my locked story, a portion of the money they pay to Medium every month is deposited into my account. So I get a portion of their $5 Medium payment. It’s awesome, right?
So to make more money on Medium, you need to have a lot of people read you, and you need to publish often.
Is Medium Viable For 2021 And Beyond?
Medium is only getting bigger and bigger. It’s becoming a juggernaut in the online publishing world, and I read somewhere that 60-70% of writers who publish something on Medium end up earning money.
I’ll take those odds any day.
Yes, you can make money on Medium in 2021, and I think it’s one of the best places to publish on the internet today.