My plan is to diversify my writing earnings.
Everyone knows that the Medium crew is making modifications to their algorithms and introducing a brand new function referred to as “Increase”, which was referred to as “Curation”. Due to these modifications, many writers at the moment are incomes much less cash than they used to.
I can’t present an in depth evaluation of those modifications as a result of I don’t have as a lot expertise as Tony Stubblebine and his crew, who’re consultants on this discipline. Additionally, it usually takes time to find out whether or not these modifications are constructive or damaging.
Nevertheless, my earnings have decreased considerably by greater than 80%.
This has led me to discover different methods to generate profits, which is why I’m specializing in constructing further sources of earnings. Please perceive that Medium stays a prime precedence for me, and I’ve no intention of leaving the platform.
That being stated, I’d prefer to share among the aspect hustles I’m at present specializing in.
Should you observe me, you may know that I’ve been writing on Substack for over a yr.
However to be trustworthy, I haven’t earned a single penny from it as a result of Substack pays writers solely via their paid subscribers. And getting paid subscribers on Substack might be fairly difficult.
After I began on Substack, my most important aim wasn’t to generate profits; it was to attach extra with my subscribers. I at present have 585 subscribers on Substack, and I’m not planning to depart it behind.
It’s nonetheless an essential platform for me. Nevertheless, I’m shifting my focus extra towards Beehiiv now.
The reason being easy, Beehiiv provides a greater consumer interface, it’s comparatively new, and it offers extra methods to earn cash in comparison with Substack.
Talking of monetization choices, on Beehiiv, we will place adverts, be part of their companion program, and earn 50% of the income by referring new paying clients to Beehiiv.