Writing About How Writing About Money Makes Money
So, yes, I am a writer. Most of what I write about here and in other places is related to consumer affairs, education, and health policy. I’m also a reader — and, when I come to Medium, I see all sorts of interesting content. Plus, a ton of articles about how to make money writing online — in Medium, even.
This one by Tessa Schlesinger is pretty interesting. The central claim: That if you want to make money writing, you need to write about making money. More specifically, you need to highlight a path for other writers to use to make money.
As Schlesinger notes:
The reason is that most of us (me included) avoid anything that is too difficult, and we also all need money to survive, if nothing else. The more money we have, the easier it is to survive. If we make a lot of money, we then have the freedom to tell others we don’t need or want them in our lives. Money gives us the power to determine the choices we have available to us. If we can make that money by simply writing, investing in a bit of cryptocurrency, or posting pictures of our well-honed bodies (aka Kardashians), then why don’t we?
I mean, if we could all really make $25,000 a month just by writing about money, we’d do it, right? Or, even if we could make a steady 4 figures a month, we’d pick that topic and get the metrics right and earn that dough.
As I noted in another piece, one key is persistence. First, it’s not just as easy as picking a topic (money) and then writing about it. You have to consistently get eyes on your content. And, well, not all money-making content is about money.
So, that leaves persistence — the ability to consistently turn out quality (or at least good enough) work. Because there’s tons of competition and if you turn out a lot of subpar stuff, you’ll lose readers.
I also value Schlesinger’s reality check here. It’s not likely more than about 5% of writers on Medium or any platform are going to make a ton of money just from writing. However, I’d also suggest that if you’re not willing to put in the work and be grounded in reality, you’re definitely setting yourself up to be disappointed.
What’s your experience on Medium? What other platforms have you tried for your writing? Do you think writing about money will make you money?