When I talk about the various ways writers can make money online, people always seem to gravitate towards Wattpad!
"Can you make money on Wattpad? "
"How much money can you make on Wattpad?"
"Are there any tips on how to make money on Wattpad?"
Yes, yes, yes, and yes some more... ?
In this article, I will answer all of these questions related to publishing on Wattpad, way of making money and, provide clear answers on how to make as much money from Wattpad as possible!
If you're interested in learning all about these creative methods of squeezing more out of this platform, read on!
Table Of Contents
- What is Wattpad And How Does It Work For Authors?
- Can You Make Money On Wattpad?
- How Much Money Do Wattpad Writers Make?
- How Many Reads on Wattpad Do You Need to Get Paid?
- How Does Wattpad Make Money?
- Is It Worth Publishing On Wattpad?
- 9 Creative Ways To Make Money On Wattpad
- Conclusion
What is Wattpad And How Does It Work For Authors?
First of all, Wattpad is anapp that allows users to upload and share content with other members of the community.
There are over 100 million active readers each month, which means there is plenty of traffic to be had if you can write a good book or story! Wattpad's audience is very diverse, so there are many opportunities to find your target market.
This platform allows authors to publish their stories and readers to like stories they enjoy, absolutely free.
Wattpad is a medium for storytelling.
The goal of the app is to provide a platform where anyone can share their stories - whether that's fiction, poetry, nonfiction, or something else altogether.
Yup, I know you read the "absolutely free" part!
So, with that being said, can you make money off of Wattpad? And if so, how and how much!?
Can You Make Money On Wattpad?
Yes! You absolutely can make money on Wattpad. Exactly how much you make, however, depends entirely on you!
If you are very creative, (or simply, if you read this post * insert smug-face emoji here*) you can make money via this platform in a NUMBER of different ways!
How Much Money Do Wattpad Writers Make?
Honestly, the aaverage writer on Wattpad does not typically make money.
However, most successful writers will see their work published on the platform and then make money via other platforms like Kindle or another publishing company!
That's why it is still worth your time to publish your story on Wattpad because that could be a stepping stone for future success in this industry.
It really depends on how much you want to make.
If your goal is to be a millionaire Wattpad writer, then you might want to quit now.
Wattpad does not typically offer the same opportunities for success as other platforms like Kindle or IngramSpark do.
However, if money isn't what motivates you and instead you're looking for an audience of readers, then Wattpad might be for you.
Wattpad is a great place to build an online community and find supporters who share your interests.
It's also a good place to get feedback on your writing before investing too much time or money into publishing elsewhere!
How Many Reads on Wattpad Do You Need to Get Paid?
I have been getting this question a lot lately, so here's the deal:
There is no longer a program on wattpad that compensates its writers through ad revenue, so it is not a case of how many reads you need to get paid, as you can technically get paid from a single read.
Just to reiterate, here are the ways you can get paid:
• The "Paid Stories" program allows readers to support selected authors by purchasing access to entire stories or paying to unlock portions as they go.
• The "Wattpad Books" division publishes books that have been uploaded to the platform in physical form.
• The "Wattpad Studios" division is responsible for adapting Wattpad books into things like movies and tv shows. (A possible future revenue source if your writing does well!)
• Wattpad hosts writing contests very frequently, but it's uncertain if a contest has ever given out monetary compensation before.
How Does Wattpad Make Money?
So, we know Wattpad is a profitable business in itself, but how does it make its money?
Wattpad generates revenue by hosting advertisem*nts on the site.
It's a platform of free content, but it is able to monetize because of ads that are displayed throughout the app.
They also have paid subscription plans that offer more benefits to users, like an ad-free experience.
Is It Worth Publishing On Wattpad?
f you're looking for a platform where readers will be able to read your stories and interact with them in ways other than liking or commenting on the posts, then it is worth publishing there!
In addition, if you are witty, you can use the platform to generate a decent amount of income following these 6 tips on how to make money on Wattpad!
9 Creative Ways To Make Money On Wattpad
Here are the best ways to make money on Wattpad. Read on to learn more, as I have explained them all in depth. These are by far the best ways, but they might not all be appropriate for you and the direction you want to go:
- Wattpad Stars Program
- Externally (Via Patreon or Other Platforms)
- Provide Extra Content (Audio or Video) in Exchange for a Fee
- Selling Merchandise
- Advertising Related To Your Story On Wattpad Site
- "Buy Me A Coffee"
- Paid Stories Program
- Affiliate Marketing
- Brand Sponsors
1. Join The Wattpad Stars Program
Joining the Wattpad Stars Program means that you can charge money for your stories and have advertising related to them featured on the site.
If you join this program, then you'll be charged about $4 per month and will be entitled to a decent amount of benefits like special discounts, inclusion in contests, and more.
While it's not going to replace your day job or anything, it could help with things like rent if your book becomes successful! Plus, by linking your Wattpad account to a bank, you can even withdraw money from your earnings.
2. Externally (Via Patreon or Other Platforms)
Patreon is one of the more prominent fan-based income platforms, which has gained traction since its founding in 2013 as a way for fans to directly support content creators they enjoy.
Patreon also helps to foster loyalty and engagement between supporters and creators, allowing them greater interaction than your average read-and-pay model.
On Pinterest, shareable images related to your stories can help to engage readers and potentially pick up more views from outside visitors.
Beyond that, there are other platforms available like Printful or Teespring where you can promote merchandise for sale, such as t-shirts or mugs featuring your characters or product lines closely connected with your book series plotline.
Taken all together, these external sources can provide an additional revenue stream for Wattpad users who have built a loyal following of devoted readers.
3. Provide Extra Content (Audio or Video) in Exchange for a Fee
Do you have other content related to the story that people might be interested in?
One way of making some bucks is by providing an audio version of your book on Audible, Amazon, or in other places.
This way, people can listen to your work and take something away from it without having to read the whole thing!
You could also provide a video version of the story for those who prefer that format over text.
There are many platforms that allow you to turn your text into video using royalty-free videos.
The one I use is Vidnami. Another one you could use, is Pictory. Both offer a similar feature; taking your text and turning it into a marketable video.
You can also look into AI book narration, and learn how to clone your own voice to turn into as many audiobooks as you like!
4. Selling Merchandise
If you want more ways to make some cash on Wattpad, then you might want to consider selling merchandise.
Many writers sell t-shirts, posters or other products on sites like Teespring and Zazzle. The opportunities are really endless!
If your book is a holiday-themed story, for example, you could make some cute Christmas tree decorations or hot cocoa cups with the title of your book on them.
Selling merchandise is a great way to make some extra money while also promoting your work!
If you have your own website, promoting your merchandise will be very straightforward and should convert pretty well.
5. Advertising Related To Your Story On Wattpad's Site
One of the most lucrative ways to make money on Wattpad is through working with companies that provide sponsored opportunities for advertisers to reach their users.
Wattpad has advertising related to their site that they sell, but you can actually buy a package of ads and promote yourself or even other people's stories as well!
By becoming a member of Wattpad and connecting with brands, you can leverage this platform to get exposure to a large number of potential customers.
This is beneficial for both your own growth as well as making money on the platform. You can capitalize on trafficked content, create marketing campaigns targeting certain communities, or vocalize opinions surrounding certain topics in an effort to influence consumers.
And when partnered with companies that pay you for ads or links to products or services on your Wattpad page, you can use your presence on the platform to earn some extra income.
6. "Buy Me A Coffee"
"Buy Me A Coffee" is a way for Wattpad users to get paid for their work. To use this method, you must first create a PayPal account.
Once you have created a PayPal account, go to your PayPal settings and add your Wattpad username as a verified sender.
Then, go to your Wattpad profile and click on the "Buy Me A Coffee" button. When people click on this button, they will be taken to your PayPal account where they can donate money to you.
7. How to Join Wattpad Paid Stories
After launching the Wattpad Next beta program in October 2018 to test how the Wattpad community would interact with a program that monetarily supports writers, Wattpad announced their new Paid Stories Program.
Through purchasing Coins to unlock Paid Stories or subscribing to Premium+, Wattpadders can support their favorite writers financially, for creating stories they love.
Not only does this provide an incredible opportunity for writers to earn money for their work, but it proves that readers are more than happy to financially compensate writers who create engaging and original stories.
The Paid Stories Program is continually changing but it is a rewarding and inspiring aspect of the community.
You can join the program here.
8. Affiliate Marketing
Selling books and taking on sponsorships can be great ways to earn money, but many writers have found success with affiliate marketing on Wattpad.
Affiliate marketing is a type of performance-based advertising in which an online retailer rewards people who promote or link to their products.
Writers can use Wattpad to link readers to a partner's website and earn a commission when one of their references leads to a purchase.
Writers will need to choose partners carefully since each program has its own rules about how much commission can be made per sale and what type of content is allowed; however, once all the boxes are checked, there is plenty of potential for growth.
8. Brand Sponsors
If you're really good at what you do and have a lot of followers, then one way to earn money is by getting sponsorships for brands like clothing companies or food products that want to advertise on your page.
You can get paid anywhere from $500-$5000 depending on the company and what they're looking for.
The great thing is that you get to pick who it's from! So, if you have a story with some food or drink in it, then this would be an excellent way to find sponsorships related to your work.
Conclusion
Some of these solutions are more passive and others are more active, but it's always good to have a backup plan!
All in all, no one has to starve to death because they're not making enough money from their stories.
Use this article as a guide for how you navigate and leverage your Wattpad success and you'll be able to make the most of the platform!
