Making Real Money on Medium: The Unvarnished Truth
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Chapter 1: The Myth of Quick Wealth
I confess, I fell for it too. Amidst a plethora of articles promising a swift path to riches, one recurring theme emerged.
A deception.
It should have been clear that some random individual on Medium wasn't truly making Seinfeld-level income in just three months.
Let’s be honest:
Fast money doesn’t exist.
Easy money is a myth.
If someone claims you can earn $11,550 a month just by reading their article or purchasing their online course, they’re misleading you.
The reality is that they want to profit from you.
In essence —
YOU are the commodity in their get-rich-quick narrative.
The truth is stark.
Most writers on Medium earn between $0 and $10 monthly.
Not quite the $17,755 monthly income they promised, right? It’s disheartening, I know. I apologize for being the bearer of bad news.
Sadly, this kind of misleading content has become rampant online, fostering unrealistic expectations.
I’m not suggesting you can’t earn a decent income on Medium or any platform, but it will not be quick, nor will it be effortless.
You can’t escape the equation of time and effort.
There’s a vital principle to grasp when it comes to making money on Medium:
To succeed, you must produce a substantial number of articles consistently.
Why, you ask?
Consider Newton's Third Law of Motion:
“For every action, there is an equal and opposite reaction.”
In simpler terms, you cannot create momentum without expending energy.
Action leads to reaction.
Think of it this way —
If you want to excel at biking, what must you do?
You need to practice riding.
Sure, you could read a few excellent books on the subject, but without physical practice, the knowledge is ineffective.
Here’s my take —
It’s perfectly fine to practice more and read less.
"I guess it took ten years for me to be an overnight success." — Big Sean
When you do read, prioritize high-quality material over mediocre content. Study the leaders in your industry.
For instance, if I wanted to delve into remote work, I would focus on Tim Ferriss instead of the latest article titled "How I Made $4,389 Last Month on Medium."
I can assure you that will likely be subpar.
Once again —
Learn from the experts.
Don’t just skim their books; analyze the steps they took to achieve their success.
Remember to invest your time.
Put in the effort.
Pursue your aspirations.
Section 1.1: The Reality of Earnings on Medium
The notion that anyone can easily make a fortune on Medium is misleading. While some writers do achieve success, it typically requires dedication, persistence, and a considerable output of content.
Subsection 1.1.1: Understanding the Commitment
Section 1.2: The Importance of Quality
In your journey, focus on producing quality content rather than just quantity. Engaging articles resonate more with readers and can lead to better monetization.
Chapter 2: Strategies for Success
This first video discusses whether Medium is still a viable platform for earning money in 2023. It explores the potential for beginners to generate income through writing.
The second video provides insights on how to earn $1,000 per month by writing articles on Medium, especially for part-time writers.