How to Earn Money from Quora – 3 Effective Ways
Quora is a go-to place for answers we are looking for, which even Google can’t answer. Quora is a platform 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 September 2015, Quora had only 80 million visitors every month, and later in 2018, they crossed the 300 million monthly active users mark.
We can see enormous 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 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…
Table of Contents
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, and for the first time, there were Ads on the platform.
Later in 2016, they earned $20 Million, which keeps on increasing yearly. 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. Currently, there are many ways to earn money, and we’ve listed the three most effective ways to make money from Quora.
3 Effective Ways to Earn Money from Quora
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.
Please Read – On August 17, 2022, Quora officially announced that they are ending the Quora partner program for ‘Quora in English.’ Now, you can only join Quora in other languages. Languages that are included are German, Japanese, Spanish, French, Italian, Portuguese, Hindi, Swedish, Dutch, Marathi, Bengali, Tamil, Indonesian, Danish, Finnish and Norwegian. Plus, you must live in an eligible country to participate; for more information, read here.
If you are an eligible participant, you can read further or else skip to the second point.
How to join Quora Partner Program?
Joining this program is 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 to join the program via your email.
The following are the criteria for getting an invitation from Quora. However, some users have reported getting an invitation before fully completing these criteria. While some users said that they also have to wait a long after completing the requirements.
Criteria for joining Quora Partner Program:
- You should have more than one lakh views.
- You should be an active member of the platform and ask questions regularly.
- Your answers should be authentic and reliable, so you’ll be seen as a genuine Quora user who cares 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 can you make from Quora Partner Program
Once you get invited from Quora and accept 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, which will gradually 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
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 get 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 and adds his affiliate links in relevant Quora answers.
One day his answer about a book called ‘The Intelligent Investor’ got viral, and he got more than 50k views. Just 500 people bought the book from his affiliate link by reading his answer on Quora.
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 rates.
Some Affiliate Programs:
- Nike Affiliate Program – Up to 8%
- AliExpress Affiliate Program – Up to 10%
- Amazon Affiliate Program – Up to 10%
Pros:
- Passive Income
- Easy registration
- Join multiple Affiliate Programs
- 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)
3) Quora Space Subscription & Quora+ Revenue Sharing
A Quora space subscription plan allows readers to access premium content on Quora. The monthly plan costs you $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.
You can earn from a Quora space subscription plan if you are a Quora writer.
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.
Quora+ is a Quora premium subscription. After getting that subscription, a subscriber can access premium content on Quora. If you put your content behind a paywall, Quora + members can still access that content.
That’s why Quora will share Revenue if any Quora plus member has read your answer.
If you think your content has enough value to 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 charge them $10 a month, your total Revenue will be $500. From which, you’ll only get $300; the rest of the $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?
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, now, 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, agree with them, and tap on ‘Enable Now.’
Step 7: After that, just select your content for monetization, do marketing to add premium subscribers for your space and earn from Quora!
Pros:
- High Revenue
- Regular Income
- Profitable Community
Cons:
- 40% of Revenue will be deducted
- Getting a Subscriber is too hard
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 benefit from your answer and find you a trustworthy writer, they become your loyal audience. Later, you can monetize your audience by promoting your product or services.
If you feel this is unethical, you can mention in your post that you are a member or owner of the organization, and that’s why you are recommending the product or services. In this way, you’ll also be able to retain your audience’s trust.
If you don’t have a business, don’t worry. We live in the digital era, and you should learn about the dropshipping business model.
Frequently Asked Questions
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 your answers are.
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 you require to start making money from Quora?
If your questions are getting viral and you put in 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
These were three ways to earn money from Quora; you can also use all three courses simultaneously for good Revenue. But remember, you can only become successful if your content gives value to others.
Quora is an excellent concept where you get practical answers to 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 also a great passive income source, unlike Instagram and YouTube, where monetization terms are so hard that you need to invest many hours of work to see small results. Here on Quora, you can monetize yourself from the beginning, and it would be good side hustle also.
Hopefully, you find this article helpful. We wish you the best for your creator’s journey.
Best of luck…
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Dev Patel says
Quora is a great content writing platform from where you can earn money by sharing your knowledge with everyone. Thanks for the blog for mentioning various ways to earn money from quora.
BlogHeist says
Hey Dev!
Thanks for liking the post.
Should you’ve any questions, please don’t hesitate to get in touch:
https://blogheist.com/contact-us/
MUHAMMAD RIZWAN says
Hi there
Quora is a best for sharing your tips and tricks with others and help the others for getting success online. If any body want to make money online from Quora then your post is very helpful for getting start. Thanks for sharing great…