Unexpectedly Low Medium Revenue in June: A 2024 Review
Written on
Chapter 1: Overview of June's Earnings
In June, my earnings on Medium experienced a significant downturn, marking the lowest point of 2024. While I anticipated a dip due to the onset of vacation season, I was not prepared for the extent of the decline.
Even though I expected a fall in revenue during this month, the reality was shocking as it turned out to be the worst month for earnings this year.
Upon reviewing my income for the year, I noted that only February had lower figures, falling below $200. The $30 difference between June and February is unlikely to be recouped since July is already upon us.
Section 1.1: Factors Contributing to the Decline
What could be the reasons behind this downturn?
Vacation Impact
As mentioned earlier, many individuals take vacations during this period, opting to unplug from their devices. This results in a noticeable decrease in the audience engaging with content on Medium, suggesting that July and August might also see lower earnings.
Busy Schedule
I found myself particularly busy on several days, which limited my capacity to write. Despite this, I managed to produce over 30 articles throughout the month, averaging one per day, as I had aimed for initially.
Reduced Earnings per Article
Even the articles that attracted significant views did not yield as much revenue as previous months. This could indicate that Medium has lowered its payout rates per article. It's important to remember that Medium's revenue model does not rely on advertisements; their income for articles comes solely from member subscriptions.
Section 1.2: A Comparative Analysis
How did your earnings on Medium for June measure up against May's figures?
Chapter 2: Exploring Future Prospects
This video titled "How Much Money You Can Make Writing on Medium in 2024" provides insights into potential earnings and factors influencing income on the platform.
In this video, "Is writing on Medium worth it in 2024? (REALISTIC earnings)," the discussion centers on the value of writing on Medium and what writers can realistically expect to earn this year.