How Indian Writers Can Still Earn on Medium Despite Stripe’s Pending Launch
How Indian Writers Can Still Earn on Medium Despite Stripe’s Pending Launch
Yes, an Indian writer can still earn from writing on Medium, even with Stripe, the payment processor behind Medium's monetization program, still in preview mode in India. This guide will explore the various strategies and methods available to Indian writers to make a living on the platform, including the benefits of the Medium Partner Program, using paywalls, and alternative monetization options.
Medium Partner Program
The Medium Partner Program is an excellent opportunity for writers to earn money based on the engagement their stories receive from Medium members. Earnings are typically calculated based on the reading time of members and the number of claps. By consistently generating content that resonates with your audience, you can start earning from your writing on this platform.
Using Paywall
Another effective strategy is to put your stories behind the Medium paywall. This means only paying Medium members can read them. Once a reader pays for access, a portion of the subscription revenue goes to the writer. This not only adds an additional layer of value to your work but also helps in growing your subscriber base.
Building an Audience
To maximize your earnings, it's crucial to build a loyal audience. By consistently publishing high-quality content, you can attract readers who are likely to engage with your work, clap, and subscribe to your paywall. A larger audience leads to more engagement, which in turn increases your earnings. Regularly posting content and interacting with your readers can help you build a community around your writing.
Promoting Content
Do not limit your efforts to Medium alone. Share your stories on social media platforms, relevant forums, and communities where your target audience is likely to be found. Ensure that your promotion is not spammy but relevant and engaging. Cross-promotion can significantly drive traffic to your Medium page, leading to higher engagement and, ultimately, more monetization opportunities.
Alternative Monetization Options
Given that Stripe is still in preview mode in India, writers should consider alternative payment options or platforms. Services like Patreon and Substack offer monetization solutions that can be integrated into your Medium profile. Connecting your Patreon or Substack page to your Medium profile can provide you with additional revenue streams.
Affiliate Marketing
Incorporate affiliate marketing into your writing by including affiliate links in your articles. By recommending products or services, you can earn commissions on any sales generated from your links. This can provide a steady stream of income, especially if your articles are well-read and attract a substantial audience.
Staying Updated and Flexible
As a writer on Medium, it's important to stay informed about any changes in Medium's policies and payment systems. Stripe's pending launch in India may affect how you monetize your work. However, staying flexible and open to new opportunities is key. As Medium announces its plans to launch in India early 2024, keep an eye on these developments and adapt your strategy accordingly.
Conclusion
Despite the challenges posed by Stripe's pending launch, Indian writers can still achieve significant success on Medium. By leveraging the Medium Partner Program, using paywalls, promoting your content effectively, and exploring alternative monetization options, you can build a sustainable writing career on Medium. Regularly publishing quality content, growing your audience, and being creative with your monetization strategies will set you up for success.