Understanding Medium's Payment Structure for Writers
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Chapter 1: Overview of Medium's Payment Models
In this section, I will share insights into how Medium compensates its writers based on my enrollment in the Partner Program and extensive research. The earnings system has evolved, and understanding these changes is crucial for maximizing income as a writer on the platform.
Initially, Medium compensated writers based on views and reads, a familiar approach akin to that of YouTube and other platforms. However, this method did not align well with Medium’s quality goals. Writers who published multiple average-quality articles could potentially earn more than those creating fewer, high-quality pieces. Medium recognized this issue and sought to reward quality over quantity.
Section 1.1: The Original Payment Method — Views and Reads
The first payment structure was straightforward: writers earned based on the number of views and reads their articles received. This model encouraged volume over quality, often disadvantaging those who focused on crafting exceptional content.
Section 1.2: Transition to Claps
With the second model, payment shifted to a system based on claps. Writers received a portion of their readers' monthly subscription fee determined by how many claps they received. For instance, if one reader clapped for two different writers, each would earn a share of the subscription fee based on the number of claps.
However, this system faced challenges, including the potential for manipulation via bots and the inconsistency in reader engagement. Some readers might enjoy an article but fail to clap, which could result in the writer receiving no compensation.
Chapter 2: The Current System — Member Reading Time
Now, Medium employs a more equitable approach—calculating earnings based on the actual reading time of members. This method seems robust and fair, ensuring writers receive compensation reflective of reader engagement.
For example, one of my articles with 229 views earned me only $0.01, while another with just 34 views yielded ten times that amount. The difference lay primarily in two factors: reading time and the distinction between internal and external readers.
It’s essential to remember that promoting articles on platforms like Facebook can increase visibility but doesn't necessarily translate to higher earnings unless those readers subscribe to Medium through your link.
A practical observation from my experience is that approximately 30 minutes of member reading time can earn between $0.50 and $1.00. Although this may not seem substantial, achieving 30 minutes of reading time is quite feasible for well-crafted articles.
Section 2.1: Strategies for Increasing Earnings
A final piece of advice is to consider extending the length of your posts to enhance reading time.
The Calculation
In summary, based on my earnings, you can expect to earn around $0.026 for each minute of member reading time, translating to approximately $1.56 for an hour of reading. Note that individual earnings may vary.
I hope this information proves helpful. If you have any questions or would like to discuss further, please feel free to comment below. If you found this post useful, a follow would be appreciated as I continue to grow my blog. Thank you!