If you want to know how to make money on Medium in 2021, you’ve come to the right place. Medium is a social media platform that was created back in 2012 by Twitter’s co-founder Ev Williams.
Since then, Medium’s become one of the top websites on the internet, boasting over 200,000,000 page views per month and publishing work from tens of thousands of writers.
If you scroll Medium’s homepage long enough, you’ll likely find a story about how one person made $4,000 last month on Medium, or how another made $3,400. This raises one simple question..
How do these people make all that money on Medium?
On the surface, it’s not exceedingly clear how anybody makes money there. So let me explain it to you..
How To Make Money On Medium In 2021
First of all, Medium has a subscription service. They call this a Medium Membership and if you pay $5 per month, you can read unlimited locked stories on the platform. Writers like myself can choose to make their stories “free” or “locked,” and most of the time I go for locked.
Only locked stories can earn money.
If you get a Medium member to read your locked story, you get a portion of the money they pay to Medium. So basically if you’re a Medium member and you read my locked story, I get a portion of the $5 you pay to Medium every month. Pretty cool, right?
In a nutshell that’s how to make money on Medium.
What Are Some Other Factors To Making Lots Of Money On Medium?
Given that we now know how Medium pays writers, how do you crank up the amount of income you can generate?
Well, you get more views! You try to get as many views as possible by leveraging Medium publications and publishing much more often.
Well, publishing better content also helps a good bit, too.
That’s something I teach in my course, Medium Mastery.
To make it simple for you, though, I’ll list the top three factors to making a lot of money on Medium:
Publishing often is a matter of hard work and discipline, which you’ll have to bring to the table yourself.
Publishing under the right topics is something else entirely that I haven’t really covered in this blog.
What Topics Make The Most Money On Medium?
For those wondering how to make money on Medium, a lot of it has to do with the topics you’re publishing under. Writing about politics, personal development, relationships, sex, writing, making money, investing, and technology can make you thousands of dollars.
Personal development in particular has always been the hallmark of Medium and if you write about productivity, decision-making, discipline, etc., then you can make a killing.
If you don’t want to write about these topics, I’d stay away from Medium. Any winning strategy on this platform requires that you lean into their biggest “cash cows” and the topics I just outlined are just that.
There Is Still Opportunity On Medium In 2021
You can definitely make money writing on Medium in 2021. For those who want to know how to make money on Medium, that’s the gist right there. Write for big publications, publish often, and publish in the right topics. If you want more Medium advice, consider signing up for my free Medium course below.