The Single Biggest and Most Repeated Mistake Made by Medium Writers
You’ve gone from earning pennies when you started to dollars within a month, but it’s not enough and you’re disillusioned. And so you consider giving up.
Let’s cut through the bullshit and be straight with one another: We all need to support our fellow writers.
Many of us have read about the Medium platform’s monster success stories. Medium editors posted this, for example, regarding July of 2019 earnings reports:
How Much Money Medium.com Writers Make in 2019: See 56 Real Medium Partner Program Earnings Reports
That piece turned out to be eye-opening and inspiring, so more than one year later, I feel it's time for an update.
The highest Medium earnings by a single writer in July totaled $22,639.47. We can be certain that the lowest earned something approximating $0.00.
That’s quite a disparity, but what it says is this: Medium is a valid platform to earn money, and what you earn is up to your hard work and diligence.
And persistence. That’s the rub.
Of course, that outrageous $22,639.47 figure is an exception, but it proves those numbers are possible.
But only if you never give up.
Ponder that for a minute.
Here’s a true story. I’m frequently on the phone with a friend talking him down after speaking up the Medium platform. He has had long-term money issues, and to help I convinced him to give Medium another try after a premature defeat.
The conversations go something like this:
“Joel, you don’t understand. I have no money and this isn’t working for me.”
“You’ve been posting for how long since you’ve been back?” (Like me, my friend took a year off.)
“About three months.”
“How much did you earn in your first month?”
“I don’t know. About 67 cents.”
“Congratulations. You’re a Medium earner. Just like I told you. What about your second month?”
“Great! You more than doubled your money. Where are you at now (the 21st of the month, the day before I’m writing this)?”
“I’m not sure.”
“Look it up. I’ll hold.”
“Got it. $6.74.”
“You see! You’ve quadrupled the last month, and you still have 10 full days to go. You’re definitely in the right direction.”
“Stop. It’s not working for me.”
“What do you mean? You’re in the right direction. You’re going up month to month and this month is exponentially higher than — ”
“Joel, I can’t live on $6.74 a month.”
“Neither can I. But can you imagine where you’d be if you didn’t take the year off?”
“What about you? You did the same and you’re making money — ”
“I’m also averaging three posts a day. It adds up.”
“It’s just not working out for me …”
“Maybe if you didn’t look at this as your primary source of income until you earn it …”
“It’s not for me. I’m done. I wrote my last article. Thanks for trying.”
He quits three or four days a week before going back and bitching and moaning about it.
I’m just hoping he hits his first $1000 month before he gives in for good. Maybe then he’d reconsider.
There was an episode of “Star Trek” (the original series) where one of the characters (I’m thinking Dr. McCoy but can be wrong) said: “Take a penny. Double it every day. At the end of the month, you’ll be a millionaire.”
It’s true. Do the math.
Several multi-millionaires I know made their fortunes by shooting for exactly that goal, beginning with a penny.
Now, this is not to say my friend will become a millionaire on the Medium platform. From what I understand, under 12% of all earners here make more than $100 monthly. I believe my friend will hit that first $100 month in another 60–90 days at his rate of acceleration.
If he doesn’t quit for good.
And especially, if he continues sharing his old material, along with the new, to Facebook, Facebook Groups, Twitter, Reddit, news.ycombinator.com, Quora, LinkedIn, and Mix … the sky will be his limit.
He said today he’s going to write three articles a day too.
I showed him this. So far, it’s helped:
To be clear, the purpose of this short piece is to punctuate the single biggest mistake writers make here: Giving up when your money is increasing … but not increasing quickly enough.
In that event, if you don’t attain your goals on Medium and that’s the reason, you may want to reconsider how to expend your valuable time and where else to manage your expectations.
Otherwise, look at this as a supplement to your main income source … until it becomes an additional full-time income in and of itself.
Thank you for reading.
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