avatarBin Jiang

Summary

The author shares their experience of making $1000 on Medium, emphasizing the importance of experience, delivering value to readers, and consistently writing, posting, and engaging.

Abstract

In this article, the author discusses their journey to making $1000 on Medium and provides a list of steps they would take if they had to start over. They stress the importance of sharing experiences, solving problems, and meeting the readers' needs. The author also shares a bit about their background in eCommerce and compares the profitability of digital writing to physical products.

Opinions

  • The author believes that experience is a valuable asset in writing and that sharing one's experiences can create a connection with readers.
  • They emphasize the importance of delivering value to readers and solving their problems, as this will keep them engaged and encourage them to return.
  • Consistency in writing, posting, and engaging is crucial for success on Medium, according to the author.
  • The author suggests that scaling digital writing can be challenging, but it can lead to higher profit margins compared to physical products.
  • They note that there are many options available to writers once their craft is solid or can produce results for others.
  • The author encourages writers to build something on the side, as Medium is just a cover page.
  • They believe that it does not take a genius to make money on Medium, but the genius in one's writing counts towards each bit that they earn.

How I Made $1000 on Medium. A Bit More About Me. A Lot You Can Do.

Yet, this is just 0.005% of the sales I made with physical products. Yet, the margin and scalability of digital products or services are quite exponential. (And that’s what we are here for)

Image By Pixabay From Pexels

A month ago I was nowhere to be found on Medium.

This one is long get ready to read.

Sometimes you need to bring attention to have attention. What that means is you need to set and create your catalyst for the audience. People like surprises when they are good ones, excitement when they see something they can do themselves, and being blown away by the way you make it make sense.

If you asked me how I did it? My answer is I don’t know.

But here are the Steps I will take if I have to redo everything.

Before I show you a list of things, first you have to be able to imagine how and why it is going to happen. Let me explain, as a reader myself, there are a couple of things I ask myself when I first visit a post. The most common one is what can I get out of this post and if it is worth my time to do so.

Basically, the title gave a clue about what to expect. Now all you need to do is deliver, but what do we deliver? Well, it’s simple but not easy to deliver or transfer the experience of yours’ in relation to the reader’s. (Resonate)

Experience is the only asset we have that is truly unique but common at the same time.

Image By Vika Glitter From Pexels

The List Goes. (we love tips and lists, use them as you see fit)

  1. Always reference back to your experience, when you are stuck. (what I like to say is the hardest skill to sell is experience, it is non-transferable sure you can read a book and get all the points but you ain’t got it until you do it.) You will drown if you only read about swimming.
  2. Release yourself with the experience you have. You can always get more of it. As they once said, you learn to do, you do to teach and you teach to master the spread of your mind.
  3. Write about what I want the reader to read about, not just what I want to write about because they can care less and they have their own problem to solve.
  4. This brings you to solve your own problem and share the solution. On Medium most of us have similar problems, if not they are sometimes the same: need more traffic, more earnings, more ideas, more tips, more things to learn about, and more. (what sells, sells, that is why posts about Medium and related subjects get attraction they have)
  5. Perception, perception, perception. Since nobody knows who you are until you share stuff about yourself. You have the potential of unknown possibilities, people love to know what you know and what they don’t know about. Share with the desire to satisfy their curiosity in the subject or ideas.

For this post, you want to know how I made $1000 on Medium, which I said “Idk” but I list out the things I would do if I had to redo it again. It comes down to a couple of good posts that let more readers know about your existence and the rest you have with you by consistently writing, posting, and engaging. (if you can’t keep up the momentum will fade to it’s core)

Image By Monstera Production From Pexels

This was me on December 18, 2023.

Image of Earning on Dec. 18, 2023

This is me now January 23, 2024. (nothing changed, just the numbers on the screen) And countless hours of effort. There isn’t much more to say just numbers you can get them too if you keep trying.

Image of Earning as of Jan. 23, 2024 End.

Now the a bit more about me part. (I have written some in the past here)

But I’ll try to rewrite it as closely as I want to deliver what the readers want to read.

The numbers: In 2014, I made 250K in sales on Amazon and eBay combined selling beauty cosmetics products. Yes, 250K in the first year, my accountant at the time said we needed a balance sheet statement due to the sales volume which I had no clue what that meant at the time, despite that I was a Finance major during the same year in college. And Yes, I did this with my girlfriend (now my wife) side hustle while we were in college.

The below data were my findings for a job interview where I tried to showcase some of my pasted performance/experience to whoever going to interview me.

I was an ex-high volume 6-figure Amazon seller for 5 years straight from 0 sales to 475K per year from 2014 to 2018 (total sales of about 2 Million).

Image as a reference of sales (9314) order volume during August of 2018. (just realized that month was a peak month of what is possible with eCommerce and Amazon. (Total sales were about $450K that year) In both FBA and FBM. (to put the full context of the operation(mostly manual input): average monthly order around 3.5K with an average order value of $10–15, managing 500 SKUs, weekly replenishing buys as well as preparing a daily shipment to Amazon warehouse for FBA. (25% were FBM order fulfillment)

Image from Amazon Seller Central Dashboard took on 8/26/23.

From the block of text above, I only see consistency, discipline, and effort in what works.

Scaling Digital Writing.

After doing the math for direct comparison: 2,000,000/5years =400,000/12months =33,333/30days =$1,111 in sales per day. After all the cost, it isn’t much if you look at it closely.

Scaling on Medium might be harder than we think but there are many other option to tap into once your craft is solid or can produce some results for others. (just do it and let feedback flow in for improvements)

$1000 a Month on Medium with 95%+ Margin is the way to go. (it will be hard to scale beyond but once we break each level, we learn more about how to get to the next one)

Let’s take $1,111*0.25 as the profit margin. Which is less than $300 a day. At the peak of December I average about $50 a day. Which is only 6x from there. Currently, is about half of that so I need a 12x from here. Yet, that is just Medium. (I need to build something on the side as this is just a cover page)

Yet, I just need a 4x or $100 a Day to stay alive.

Base on my current Burn rate.

Things that influenced me. (but not sure the breakdown of each pillars has an effect on me)

The consumption me:

(2013–now) Most likely everyone has one, watch and listen to thousands of videos and podcasts. Subject on research, philosophy, history, macro/microeconomics, personal finance, financial products, human/consumer psychology, business model, strategy and analytics. (could have missed some that can not recall at the moment) (random analysis)

The tactical me:

Read thousands of Zero Hedge articles from 2014 to 2022 (helped build habits in reading and perspective accessing)

I do not consider myself a pro gamer but I do have experience with computer games from teens to early-mid 20s. To list a few i.e. MMORPGs (DOTA, League of Legends, World of Warcraft, Diablo, Starcraft & Runescape) and FPS(Counter Strike and Half Life)

The unspoken me:

Which is a lot of what I haven’t found the right time and chance to share.

But hope to share it later down the line.

And A Lot You Can Do is all the things I have shared not just in this post. But the process and words on Medium posts.

You can study: Titles, Formats, Idea Structures, Tones, Phrases, Processes, Examples and so much more from other writers as well.

Now that I made $1000 on Medium. I can say, it doesn’t take a genius to make it. But the genius in your writing counts towards each bit that you earn.

Thanks for Reading and Remember to make your next move.

Image By Hayley Murray From Unsplash

Subscribe Here For an Email Reminder of my next Post, thanks.

If I had to choose a few posts for you to read, it would be these for newcomers as many had said they were inspired and had kept them going (btw I didn’t use Grammarly back then so it might be too raw to read):

  1. How to Increase Traffic to Your Profile on Medium. I’m Sure No One has shared this before
  2. My First 2 Weeks On Medium: Here’s My Progress
  3. How You Should Adapt to the New Medium Partner Program Changes
  4. 10 Tasks To Increase Your Views on Medium
  5. 40X-ing My Reads in 7 Days on Medium. This is What I Realized

P.S.

There is a Continuation post to on what some questions that the reader’s have.

Side Track.

My New Publication for All is Out. “Write A Catalyst

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