A Guide On How To Make Money On Wattpad: 5 Creative Ways To Monetize

A Guide On How To Make Money On Wattpad: 5 Creative Ways To Monetize


With so many outlets available for authors, making money online has never been easier.

Most authors can find success on Wattpad by writing and publishing their works and writing there, building a strong fan network and consistently producing great content.

This guide will be about how to monetize Wattpad and earn extra income from your stories.

Let's get to know the Wattpad platform in depth first .

What is Wattpad?

Both freelance writers and readers can participate in this online community. Based in Toronto, Canada, the hugely popular Wattpad global community serves as a creative space for authors to post their stories and for readers to appreciate unique content.

As of April 2021, Wattpad had a community of nearly 90 million users. Authors who post on Wattpad and gain a following find that the platform truly offers exponential growth as a writer.

Readers can make suggestions and comments about your work, and you can reply directly to them if you wish. Engagement with readers is essential to success in the Wattpad Star and Wattpad Paid Stories programs, and is a sign that the platform is headed in the right direction.

Unlike other social networks like Facebook and Instagram, Wattpad users are more devoted to the website. They are not limited to loving or following your page for a single post. They read your Wattpad stories and are so captivated that they want more.
 
As a result, Wattpad can serve as a springboard for a successful writing career.

Some of the best-known authors who started their careers on Wattpad are Anna Todd, Beth Reekles, and Abigail Gibbs. These authors built a large following by constantly posting interesting stories on their Wattpad profiles. These authors have achieved international popularity thanks to the publishing deals that followed their success on Wattpad.
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How does Wattpad work?


Wattpad offers an excellent opportunity for writers to publish their works and be read by interested and loyal fans.

There is no need to publish your work through a publisher or perform the tedious tasks of self-publishing. Wattpad writers can upload their work directly to the platform and make it accessible to readers.

As a writer, the first step is to create an account. From there, you can upload your stories and start building a fan base.

Wattpad offers over 50 writing resources for writers, so even if you're just starting out or writing your first story, Wattpad is there to help.

Wattpad works like other social media platforms. Once you have an account, you can share your work and grow your following, whether your work is fiction or nonfiction.With a large or medium fan base loyal to your work, you can gain more attention and stand out among Wattpad writers.

On the website, Wattpad explains that it uses "a mix of audience data and trend research to track viral hits and uncover hidden gems on Wattpad, publishing fan favorites in print books and making writers' dreams come true in the process".

Can you make money on Wattpad?

There are many ways to earn money for writers on Wattpad.
Writing on Wattpad is not the best way to go if you want to earn money quickly because writing on the platform is a journey.

However, if you have a strong desire to write, enjoy what you do, and are willing to put in the time and effort to create great stories that win over a dedicated readership, Wattpad can be a fantastic opportunity for you to earn. money with your passion

It takes time to make money on Wattpad.

Those who benefit financially from the platform have done so because they are dedicated to their work and can convince Wattpad's editorial team that they are worthy of entry into Wattpad's paid partnership programs, including Wattpad Books or Wattpad Studios.

how to make money on wattpad


The best strategies for making money from your writing include the ones listed below. The best Wattpad authors tend to have a large following, so if you're just starting out, focus on building your Wattpad community.

1. Become a Wattpad star

One of the best methods to earn money on Wattpad is through the Wattpad Stars program . It is not for people who expect to take advantage of the program and make a quick buck.

You must be a consistent Wattpad user with a body of work already published and an active following of fans in order to become a star. Wattpad evaluates your profile based on engagement and popularity, as well as the type and caliber of content you post.

To become a Wattpad star, you must meet the following requirements, according to Wattpad.
  1. You have uploaded a narrative story (minimum) of 50,000 words or more to your profile.
  2. You have started a new story in the last 365 days
  3. Edited or revised a part of a story in the last three months
  4. You have logged in to Wattpad in the last 60 days
  5. Filled out the interest form in the Wattpad Stars writers program.

2. Sponsorship

Sponsorship is a way to earn money indirectly on Wattpad.

A sponsor is a loyal supporter who loves your work and wants to support you financially so you can keep doing what you do. Patrons have been an essential aspect of artists' lives for a long time.

All great painters had patrons who supported them enough to invest their time and energy in their creative pursuits without worrying about having a roof over their heads.

Wattpad offers its own patronage feature, the Wattpad Paid Stories program.

The program builds a paywall in front of some of your Wattpad stories, accessible to fans who are willing to read and willing to pay. You must already be a Wattpad star to reap the financial benefits of Wattpad's paid story program, but if you can become a star, then the paywall is a great way to earn money.

Wattpad claims that " Wattpad Paid Stories " is their answer to readers who want the chance to support the authors they love. Now that Wattpad viewers value the writers' work, they can get paid for it.

Patronage or sponsorship is crucial today, as more and more artists hone their talent on their own. A writer can earn small sums of money from a fan base instead of relying on royalties or ad advances from a publisher or other methods of making money.

Patronage allows artists to continue producing and making their work available to the public. Readers are not required to pay you, but those who appreciate your work may choose to do so in order to access more of it.

A writer can have few readers or hundreds. Your interaction with a dedicated fan base will be crucial in this situation.

It could be the cost of a coffee or a fast meal that a patron donates once a month or just once. Although it may not sound like much, the more customers you have, the more money you will earn.

3. Wattpad Books


The most popular authors have the opportunity to publish their works on the site through Wattpad Books . Wattpad's editorial team is always on the lookout for the best authors, those who consistently produce high caliber material and have a significant following.

Keep writing stories and publishing them on the platform if you want to take advantage of Wattpad Books. Get a loyal audience that frequently visits your profile to see what's new.

Wattpad pays special attention to the constant participation of the public.
Your request to publish through Wattpad Books is more likely to be noticed and accepted by the editorial staff at Wattpad if you can communicate with your readers in a way that keeps them coming back to your profile.

4. Wattpad Studios


Similar to Wattpad Books, Wattpad Studios can present a fantastic opportunity for you to publish your work and start making a sizable income.

However, monetizing your work through Wattpad Studios can take some time, just like it does on WattBooks. To work at Wattpad Studios, you must be an avid writer with a large, engaged and devoted readership and a corpus of previously published work.

Wattpad can put you in contact with specialists in the television or film industry, where there is a possibility that your work will be adapted to the screen, if you have studies and a successful profile.

Once again, nothing is going to happen overnight. You need constant work and, even better, a clear niche.

5. Collaborations with brands

One of the best methods to earn money on the Internet is collaborations with brands.
Relevant brands can benefit from your popularity if you have a sizeable audience in a specific niche.

If a company sees how popular you are, they may approach you to use your work to advertise their products or services. This is a successful method of making money through affiliate marketing.

Again, in order to take advantage of brand associations, you must be a Wattpad star.
If you're not a celebrity, a brand may not work with you because they want to reach a larger audience.

Finding a brand willing to sponsor can take some time, although brand collaborations pay more. Another justification for putting less emphasis on potential financial gain and more on building a loyal and expanding fan base.

How much does a Wattpad account cost?

Creating an account on Wattpad and uploading a work is completely free. The only costs associated with using Wattpad apply to readers who want to access a writer's work that has been locked behind a paywall (a paid story).
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Conclusion

Wattpad has been around for a long time.

Although established in 2006, Wattpad Books has only just been introduced in 2019. Since its launch, Wattpad has gained popularity as a reputable online community for authors and readers who have a deep love for the written word.

So Wattpad is a perfect place to start if you're a new or seasoned writer writing fiction, fan fiction, or nonfiction and want to share your works with like-minded people who might even be willing to pay to break the barrier.

Be sure to consistently post great work if you want to gain a following, improve your chances of being published on Wattpad Books, or get your work seen and considered by professionals in the TV or film industry. Consistent uploads show that you value and care about what you write, which increases your exposure and gives you more opportunities to develop.

Last but not least, be patient with Wattpad.
Building a strong brand and building a loyal following takes time. Don't overemphasize followers at the expense of writing time. Let your work be an expression of your enthusiasm.

You are more likely to produce something that readers will really appreciate if your work is better and contains more of your genuine heart.
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