I Finally understood the earnings $$$$ formula on Medium
Best way to calculate your earnings before you receive them!
Hi everyone!
Ever since I started writing and reading on Medium, I saw that there are tons of articles talking about Medium, and spreading information about how it works and that helped me realize that it’s actually about the reading time, not the views to earn on Medium.
It is probably not just about money but it is a part of it.
But, guess what?
I discovered this video on YouTube where he explains the entire thing. His videos are really helpful, I think everyone should check out his videos and articles.
Also, if anyone reading this right now, help him reach his first thousand subscribers.
- Can you make money on Medium?
Literally a question of every other person after hearing about Medium.
My answer to them is, if you want something that doesn’t need hosting and you can earn money even if you share your personal stories or essays and don’t want to learn more about SEO, Medium should be your first choice.
Or if you wish to do something that is just yours and not under the name of the platform then you must purchase a domain name.
I would recommend the cheapest but most amazing platform to you for purchasing a domain name that is namecheap.pxf.io/9gV4A3
This is an official link to their website and a huge sale is available if you enter through my above-mentioned affiliated link. You can get your domain just for 5$\yr instead of $13\yr. How cheap and amazing!
2. Is SEO required for Medium?
First of all, SEO doesn’t cost you money but it does take a lot of time at least in the beginning to start writing content that is SEO optimized.
There is also a question, is Medium good for SEO? SEO for Medium articles is not required as much as to build your own website.
SEO doesn’t make your content very engaging unless you put a lot of effort into it and Medium doesn’t pay you per view but read time.
3. The formula:
Imagine your first hundred dollars. Now let’s do the math for the reading time required to earn your first 100 dollars.
1read=1$ (AT A 5-MINUTE READ TIME)
3. Why is it important to understand this formula:
If you know the formula then you can exactly understand your requirements towards your goal.
You can make yourself a priority list of what you need to focus on more while writing the articles on Medium.
For instance, some writers might have a problem with their titles, some with their engaging content, some might not be able to know that they need to write good subtitles as well.
Even I didn’t know that subtitles play a huge role until my editor told me to put effort into it. Thanks to her!
For instance,
Consider your first $100 dollars:
1 ARTICLE=100 READS (AT 5 MINUTES) — earnings $100
OR
1ARTICLE=200 READS (AT 2.5 MINUTES) — earnings $100
OR
10 ARTICLES=20 READS EACH (AT 2.5 MINUTES) — earnings $100
A tip to use this formula:
Now, the choice is yours, you can either write longer articles to maximize the read time.
OR
You can write shorter many articles to reach the required read time and reach your first $100 earnings.
Medium is very profitable if one understands the strategy that is required and you can get paid on Medium per your hard work and dedication towards your Medium blog. Though it is better to use the Medium platform for passive income.
My personal suggestion:
Pick out the loopholes that have been stopping your articles from getting eyes on them. Ask your readers and friends for suggestions to help you get better at writing and become an extraordinary wordsmith.
This helped me a lot so I thought to share it, in case anyone is struggling to understand the formula.
Hope it was helpful to you as well.
Now, if you want to make me happy then follow me and make my day.
Thank you so much!
