Why Quora Will Be The First Platform To Allow Writers To Earn $100k Per Month
I’ve already moved my 1,300+ Quora answers behind their new paywall.
Quora is 10x bigger than Medium, and Medium can be a full-time income for top writers.
I started writing on Medium in 2017, and started monetizing my content on Medium in 2018.
Since then, I have made over $150,000 writing and publishing on Medium. Over the course of 3 years, that averages out to roughly ~$55,000 per year (which, by many definitions, is the equivalent of a modest full-time salary). Medium does not make up 100% of my income, but it is certainly a nice side-hustle — not to mention all the content I write and publish can also direct to other products/ventures, such as:
- Ship 30 for 30, the cohort-based writing community I co-run.
- The Art and Business of Online Writing, my book.
- Digital Press, my ghostwriting agency.
For context, Medium has ~30 million users.
Quora has 300 million.
In theory, making money as a top writer on Quora should be 1) much easier, and 2) much more profitable than writing on Medium.
Your reach is wider. The distribution flywheel on Quora is much, much faster than Medium’s (content distribution on Medium is slow). And Quora allows you to tap into existing demand (by answering questions) whereas Medium forces you to start with a blank slate.
Quora is superior to Medium in almost every way — from a writing, publishing, and monetization perspective. (Medium has a more beautiful UI, but who cares.)
As a result, I suspect we will see incredibly prolific and profitable creators emerge out of Quora’s paid ecosystem. I know many of the Top Writers on Medium, and most average between $5,000 and $15,000 per month in revenue. In order to earn $10,000+, you need to be publishing at…