Starting a Medium Business from Scratch: A Step-by-Step Guide
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Chapter 1: My Journey on Medium
About a year and a half ago, I made a commitment to focus on producing content on Medium. I researched various writers, analyzed successful strategies, and immersed myself in content creation. Within just a few months, my earnings skyrocketed from a modest amount to over $30, then leaped to nearly $400, ultimately reaching an astonishing $6,000 in a single month through the Medium Partner Program!
This journey led me to establish a thriving Medium business from the ground up. If I were to start anew, here are the steps I would follow.
To begin with, it's crucial to outline your strategy clearly.
Section 1.1: Creating a Business Plan
Crafting a detailed plan for your Medium business is vital.
Think about your objectives, visualize the future you want for your Medium presence, and outline a roadmap to achieve it. Consider elements such as timelines, monetization strategies, growth targets, and more.
Ensure your goals are both actionable and measurable, and then, take action!
Section 1.2: Monetization Strategies
How will you generate income from your Medium endeavors? Here are some ideas:
- Join the Medium Partner Program
- Develop ebooks
- Create digital products like courses, e-guides, or templates
- Offer services
- Explore affiliate marketing
Seeking inspiration can be incredibly motivating. Personally, I find income reports, founder stories, and growth analyses to be particularly encouraging. Websites like Starter Story provide valuable insights into various businesses' beginnings, their growth trajectories, and current earnings.
In fact, Starter Story has helped me earn over $20,000! It's a treasure trove of information that could spark great ideas for your Medium business.
Subsection 1.2.1: The Role of Outsourcing
Outsourcing plays a significant role in managing your workload. You don't have to handle everything by yourself. Here are some tools I rely on for outsourcing in my Medium business:
- For grammar and spelling: I use Grammarly and Quillbot.
- For AI writing assistance: Copy AI and KoalaWriter are my top picks.
Did you know that you can even outsource the entirety of your Medium business? There's a service available from a creator who transformed her account from just $5 to $1,000 in under two months, eventually reaching $5,000 a month!
This service focuses on growing your Medium account to your first 100 followers, boosting your income to over $500 monthly, and providing high-quality content, among other benefits. If you're short on time or want to maximize your resources, outsourcing can be an effective way to work smarter, not harder.
Chapter 2: Scaling Your Medium Business
In this video titled "If I started a Business from Scratch, this is what I'd do," the creator shares valuable insights on building a business effectively from the ground up.
Another informative video, "How to Start a Business (The Right Way)," provides essential tips on the correct approach to launching a business.
To wrap it up, scaling your Medium business is the final step. You've established, nurtured, and maintained your presence on Medium. Now, it's time to push for further growth.
Return to your initial business plan and reassess your growth strategies. Explore ways to increase your revenue. This is where I currently stand with my Medium page. Having amassed over 40,000 followers, I enjoy a full-time income through various streams, all thanks to Medium.
Now, it's your turn!
I hope you find these insights useful. Do you already have a Medium business? What are your aspirations moving forward? Or are you considering starting one? What motivates your decision?
Note: This article contains affiliate links, meaning I earn a commission if you make a purchase through them at no additional cost to you.
For more stories like this, check out my Substack, where I discuss side hustles, social media, content creation, and business.