Summary

Quora has introduced a new monetization feature for writers through its "Spaces" platform, which allows creators to earn money based on user engagement with advertisements, although the program is still in beta and payouts are currently modest.

Abstract

Quora, a popular Q&A platform, has evolved significantly since its inception in 2009, amassing over 300 million users by 2020. In a move similar to Medium's Partner Program, Quora is now enabling writers to monetize their content by creating "Spaces" where they can share questions, thoughts, and engage with a community. This feature is designed to reward creators based on the number of advertisement clicks within their Space, with a minimum payout threshold set at $10 to maintain content quality and prevent spam. The platform's strict moderation policies have kept it relatively free of spam, and the new monetization strategy aims to incentivize quality content without compromising the user experience. Writers are encouraged to focus on providing value and solving problems, with the belief that financial rewards will follow as their Space grows.

Opinions

The author suggests that while Quora's new monetization strategy is promising, it should not be relied upon as a sole source of income due to the modest payouts in the beta stage.
There is a concern that if users join Quora primarily for monetary gain, it could lead to spam and a decline in content quality, which the platform's moderators are actively working to prevent.
The author emphasizes the importance of patience and consistent quality content, likening the growth of a Quora Space to nurturing a plant that will eventually bear fruit.
The author's perspective is that of a content creator who values the platform's potential for reaching a wide audience and the importance of focusing on problem-solving over immediate financial gain.
The minimum payout limit of $10 is seen as a strategic move

Quora is now Paying, your thoughts?

It is not the Medium Style,

What is Quora

I don't think Quora needs any Introduction, but still, if there is a part of the World who aren’t exposed to this platform then let me tell you,

Quora is an open platform where a user posts his query or questions and get an answer in return from another user, started in the year 2009 by Adam D’ Angelo, Ex-Chief Technical Officer of Facebook, Quora has grown very fast in these 11 years and with 300+ million users as on 2020, this Q&A platform placed itself on 80th position in Alexa World Ranking.

12 Interesting Quora Statistics

Updated for 2020. Here is a comprehensive list of all the Quora statistics you need to know including the number of users…

expandedramblings.com

How did it use to pay?

Like Medium Partner Quora has a similar loyalty program for its contributors, Payments on Quora were never open for all the users rather they were paid to people whose questions got very high views that resulted in an increase in Advertisement revenue of the platform.

How it is paying now?

Quora is now allowing all the writers to earn by creating their own Space,

Are you looking to earn 1000$ from Quora?

It is like a group of like-minded people who share Questions, Thoughts and if Space has a good amount of engagements and creators or the admin of space are paid based on the number of advertisements clicked by users ( sounds like Adsense), but the catch is this program is still in Beta stage and people have claimed the engagement was very high but the payouts in cents.

So if you are looking to earn 1000$ from Quora, I would say its a very long game, keep your goals high but don’t just rely on it completely.

Reason for less payout on Quora?

Spamming

Yes, the above word is one of the most suitable answers, as currently, the platform is very clean, spam-free and the moderators are doing an applaudable job in keeping it this way, but if people join Quora only for its Monetary benefits they will spam the entire network with baseless questions and unlimited answers, clickbait to gain excess movement on the space.

To avoid the above situation, Quora has kept 10$ as a minimum payout limit and it takes a lot of time to reach the 10$benchmark.

To make Space is like planting a seed now will that will grow up eventually and later you can reap its benefits in terms of fruits later.

So if you like to share your ideas, thoughts with a large community grow your Space as a Quoran by posting quality content and soon you will see it reaching new heights.

What are the Requirements

You need to create Space and verify your Country details and post that earning tab will open, allowing you to check the status of your earnings, and later they will take it for Eligibility review and followed by an account on stripe.

Below are FAQ answered by Quora

Conclusion —

Quora is a great source to increase your viewers by providing quality content, so keep contributing and success will definitely hit your door one day.

always remember don't run for the money, focus on solving problems and money will start rolling.

About the Author

Hi !!! I am Sachin, a Travel and Food blogger, if you love reading about them, meet me on here — Smileytraveller.

If you don’t like to read on Travel and Food not to worry, my Medium stories are ready to inspire you. Stay motivated and keep smiling :)