Unlocking the Secrets of Earning More on Medium in 2024
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Chapter 1: The Advantage of Experience
The writing world can be quite a challenge, especially for newcomers. If you ever come across someone saying, “I’m a proud parent of five cats and two dogs,” you’re likely dealing with a seasoned writer. These individuals have mastered the art of creating engaging content, even amidst daily distractions.
For novice writers, seeking out established authors to follow on Medium can be incredibly beneficial. Observing their techniques and tracking their development can provide invaluable insights. Competing with these experienced writers in terms of earnings can feel nearly impossible—they possess the necessary skills and strategies.
To excel on Medium, it’s essential to:
- Build a loyal following
- Write consistently
- Engage with the community
However, these foundational steps are merely the starting point. While they may help you earn a few hundred dollars from a single story, they won't match the substantial incomes of more experienced writers. This may sound audacious, but there are valid reasons behind this claim.
#1 — Mastery of Online Writing
Writing for the web differs significantly from traditional writing. Experienced writers know how to craft pieces that captivate readers, ensuring they stay engaged with the content.
It's crucial to understand that many seasoned writers might not even realize they are employing specific techniques. Their familiarity with effective writing styles leads to higher readership and, consequently, greater earnings.
#2 — The Power of Drafts
As a developing writer on Medium, you might often find yourself struggling to generate fresh ideas or complete writing challenges. In contrast, seasoned authors often have numerous drafts in progress, drawing from their diverse experiences across various platforms. They can repurpose content from places like LinkedIn or Newsbreak for Medium, giving them a substantial advantage.
For example, earning $40 daily over a month can accumulate to more than $1,200. Creating content becomes second nature for these writers.
#3 — Understanding the Business of Writing
A successful writer I know has a well-structured posting schedule for both short and long articles. This level of organization reflects a professional approach to writing—not just a casual hobby.
When writing becomes a serious endeavor, the chances of earning significantly increase. Without a strategic plan, it's challenging to compete against someone who has crafted a clear path to success on Medium.
#4 — Investment in Writing
Many new writers find themselves earning minimal amounts, yet they often hesitate to invest in their craft—be it through courses or tools like AI writing software.
In contrast, experienced writers consistently invest in their development. I once read about a writer who specialized in SEO tactics, claiming to earn far more than most through referral programs. The potential to earn significant income hinges on one's willingness to invest in their skills and tools.
#5 — Knowing the Audience
Every profession revolves around one fundamental principle: meeting the needs of your audience. This principle applies equally to established Medium writers.
When I refer to "experienced Medium writers," I mean those with genuine engagement rather than just large follower counts. It's possible to have thousands of followers yet only a fraction genuinely engage with your content.
Writers like Kristina, Mike, Yana, and Jenn employ unique strategies to connect with their audiences. They understand the importance of delivering valuable content consistently, thereby elevating their earning potential.
To achieve substantial earnings on Medium—beyond just covering your membership fees—you must elevate your approach. It’s entirely possible to earn a significant income, but it requires dedication and strategic planning.
Thank you for taking the time to read my insights today. Your support is greatly appreciated, and I look forward to sharing more articles with you soon.
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Chapter 2: Resources for Growth
Learn how to expand your audience and increase your income on Medium.
Discover potential earnings from writing on Medium in 2024.