Quora is a go-to place for answers we are looking for, which can’t even Google answers. Quora is a place where many intellectuals, bureaucrats, and experts share their opinions. But how do they make money or How to Earn Money from Quora?
Quora is a very underrated platform, it has more than 190 million active users, with 300 million unique visitors every month.
One can discuss 400,000 plus spaces on Quora, other than that Quora is one of the fastest growing online spaces. In Sep 2015, Quora has only 80 million visitors every month, and later in 2018, they crossed the 300 million monthly active users mark.
We can see there is huge potential for earning but how to earn money from Quora. Are there any ways to earn from Quora?
Unlike YouTube, Instagram and other social media Quora doesn’t have any well-defined way to earn money. Surprisingly, Quora itself started earning in 2016, as before they were against showing irrelevant Ads, but later they adopted that model.
In this article, we have mentioned three ways to earn money from Quora.
- Quora Partner Program
- Affiliate Marketing on Quora
- Quora Space Subscription
- Bonus Method!
Let’s begin with the article…
What is Quora & How Does Quora Make Money? What is Quora & How Does Quora Make Money?
Quora is a social media platform launched in 2009 and went public in 2010. In Quora, a user makes a free account and can ask questions to the community, one can also answer the question if he wants.
Until 2016, Quora wasn’t earning any revenue, it was managing its expenses by funding. In 2016, they adopted a revenue model, which showed ads to the user, for the first time there were Ads on the platform.
Later in 2016, they earned $20 Million, later this keeps on increasing every year. They also have a monthly and annual subscription plan – Quora Plus.
Quora creators weren’t earning much before 2016, but now they can earn a good amount. As of now, there are many ways to earn money, and we’ve listed the three most effective ways to earn money from Quora.
3 Effective Ways to Earn Money from Quora 3 Effective Ways to Earn Money from Quora
1. Quora Partner Program 1. Quora Partner Program
Quora Partner Program is an official program run by Quora. According to Quora, if you are an active user of the platform, you can join this program and after joining the program you can earn money by asking questions on the platform.
How to join Quora Partner Program?
Joining this program is a bit difficult, as you can’t join Partner’s program directly. The only way to join Partner Program is to get invited by Quora. Only Quora can invite you for joining the program via your email.
Following are the criteria for getting an invitation from Quora, however, some users have reported that they get an invitation before fully completing these criteria. While some users reported that, they have to wait a long after completing the criteria also.
Criteria for joining Quora Partner Program:
- You should have more than one lakh views.
- You should be an active member of the platform, and you should ask questions regularly.
- Your answers should be authentic and reliable, so you’ll be seen as a genuine Quora user, who cared about the platform.
- You should have completed the full profile, with profile picture, description, education, etc.
- Your questions should be popular and viral, so you’re profitable from Quora’s perspective.
How much money you can make from Quora Partner Program
Once you get invited from Quora, and you accepted the invitation, you’ll get part of the revenue, depending upon the views and ad revenue your question gets.
You can expect $2000 a year, and gradually it will increase as your question gets more views.
Here are the pros and cons of the Quora Partner Program:-
Pros:
- You’ll get passive income.
- You’ll get paid as per your views.
Cons:
- Entry barrier: joining is tough.
- They have reduced the number of invitations they sent.
- You can only get money if they run ads on your questions.
2. Affiliate Marketing 2. Affiliate Marketing
Affiliate Marketing is a primary way of making money for many Quora users. Affiliate marketing is a type of marketing in which you get an instant reward as a commission if you got sales from your marketing campaign.
Quora has more than 300 million new visitors every month, it is one of the biggest platforms for marketing.
Let’s see with an example how things work –
Alex is an Amazon affiliate marketer, and he has registered himself in an Amazon associate program. He uses Quora to write about books, he adds his affiliate links in relevant Quora answers.
One day his answer about a book called ‘The Intelligent Investor’ got viral, he gets more than 50k views. By reading his answer on Quora just 500 people bought the book from his affiliate link.
The cost of the book was $15, and he gets just 5% commission = $0.75, 500 people bought using his link, which means he earned $375 as commission.
In this example, we have used the Amazon affiliate program example, but there are many affiliate programs with very high commission rate.
Some Affiliate Programs:
- Shein Affiliate Program – Up to 11%
- Nike Affiliate Program – Up to 8%
- Canva Affiliate Program – Less than 5%
- AliExpress Affiliate Program – Up to 10%
- Amazon Affiliate Program – Up to 10%
Pros:
- Passive Income
- Easy registration
- Join multiple Affiliate Program
- No Investment
Cons
- Getting results requires time
- Many websites give low commission rates such as 1%, which isn’t worth the time.
Related: Starting an Affiliate Program: 7 Things You Need to Know (Updated)
Quora Space Subscription Quora Space Subscription
A Quora space subscription plan is a plan for readers to access premium content on Quora. The monthly plan costs you at $6.99 a month, and the annual plan will cost you $3.99 a month. After buying the plan you can browse Quora ad-free and can access premium content on Quora.
Now, if you are a Quora writer you can earn from a Quora space subscription plan.
As a Quora writer, you can create a space on Quora, and publish two types of content: Free & Paid Content. The free will be for everyone, and the paid content is exclusively for Quora + members and your space subscribers.
If you think your content has enough value, so you can charge people for accessing your content, then you can put your content behind a paywall.
Here are some things to know about space subscriptions.
- As a Quora space owner, you can decide the price of the subscription.
- The minimum price of the subscription is $0.99
- 60% of the subscription revenue will be yours, and the rest 40% will be Quoras’ for using the platform.
- For example, if your space has 50 members and you are charging them $10 a month, then your total revenue will be $500. From which you’ll only get $300, the rest of $200 will go to Quora.
- You can also post free content on your post.
- Your subscribers can access all your posts, free and paid for both contents.
How to Create a Space on Quora? How to Create a Space on Quora?
Step 1: To create a space on Quora, first go to Quora and log in to your account.
Step 2: Tap on Profile and Click on Monetization
Step 3: Tap on Creating a Space
Step 4: Add a Name and a Brief Description, If the Name is Available then Click on Next
Now, you have successfully created a space!
Add your content to it and later you can add your content behind a paywall, which means only premium subscribers, here is how to do it.
Step 5: Go to your space, for directly going to your space – write your space name, then quora.com, In my case, it was Pratham Sawlani’s Space, therefore I will write – prathamsawlanisspace.quora.com.
After going to your space tap on ‘Get Started‘
Step 6: Read all the terms and agree with them and later tap on ‘Enable Now‘
Step 7: After that just select your content for monetization, do marketing for adding premium subscribers for your space and earn from Quora!
Pros:
- High Revenue
- Regular Income
- Profitable Community
Cons:
- 40% Revenue will be deducted
- Getting Subscriber is too hard
Bonus Method: Earn Money from Quora by Promoting Your Website/Business Bonus Method: Earn Money from Quora by Promoting Your Website/Business
You can even earn money by promoting your website or business on Quora. Many startups do that, they give answers to the questions and promote their business, in between answers.
This type of marketing is known as ‘Influencer Marketing
If people get benefited from your answer and find you a trustable writer, they become your loyal audience. Later, you can monetize your audience by promoting your product or services.
If you feel this is unethical, then you can mention in your post, that you are member or owner of the organisation, that’s why you are recommending them, the product or services. In this way, you’ll be able to retain the trust of your audience also.
If you don’t have a business, don’t worry we are living in the digital era, and you should learn about the dropshipping business model.
Frequently Asked Questions Frequently Asked Questions
1. How many views on Quora are required to make money? 1. How many views on Quora are required to make money?
Various Quora partner programs contributed have reported that they get invitations after getting 100k views. While some users also get invitations by completing just 50k views. However, it is believed that, you’ll get an invitation according to your profitability to the platform and how trustable are your answers.
2. How to withdraw money from Quora? 2. How to withdraw money from Quora?
You don’t have to withdraw money from Quora. You just have to link your Quora account with Paypal, and once you have completed the thresholds, for example, $10, Quora will automatically send you the payment.
Later, it will be reflected in your bank account.
How much time will required to start making money from Quora? How much time will required to start making money from Quora?
If your questions are getting viral and you are putting consistent efforts, you might require 2-4 months. However, according to many users, it took 2 years for them to start making money on Quora.
Wrapping Up – How to Earn Money From Quora Wrapping Up – How to Earn Money From Quora
These were three ways to earn money from Quora, you can also use all three ways at a same time for good revenue. But keep in mind, you can only become successful if your content give values to others.
Quora is a very good concept, where you get practical answers of your problem. That’s why millions of people visit Quora every month.
However, in terms of revenue many people are unaware that they good actually make money from Quora.
Quora is a great passive income source also, unlike Instagram and YouTube where monitization terms are so hard that you need invest many hours of work to see small results. Here on Quora you can monetize yourself from beginning, and it would be good side hustle also.
Hopefully you find this article helpful. We wish you best for your creator’s journey.
Best of luck…
