Monetization of Serial Stories Online

Finally! I’m back for another blog post, and I plan to update every week again. Some of you may or may not remember that I already discussed monetization of serial stories online. Back then, I discussed how Tapas and Radish were the main websites charging readers money for chapters online. Well, this is an update to that post.

I’ve learned a lot more about these websites charging money for serial stories, so this serves as some pros and cons to getting monetized by an online writing website.

If you read my blog, then you know I’m pretty honest with my opinions and what I find online. So, after doing some digging, I’ve found out that more and more websites are offering contracts for writers that post their stories online. To clarify, I’m not saying this is a bad thing. Writers earning money for their work is always good, but please, do your homework first!

I’ve read so many stories of writers selling their story rights to these websites and not even realizing it. So, based off my findings, here are some of the pros and cons of getting your stories monetized online:

Pros:

  • You earn money for your work
  • It helps build up your writing portfolio
  • It’s another alternative to traditional publishing
  • You can interact directly with your readers through comments

Cons:

  • Depending on the contract, you may give away your story rights
  • Readers may complain they can’t own a physical copy of the story
  • Although it’s published online, your story isn’t given an official ISBN number
  • The website can basically delete your work at any time
  • Most of the time, the stories don’t go through professional editing so the lack of quality may look bad on you as the writer
  • A cut of your profits goes to the website so you won’t get all your money. Also, depending on the website, some of your earnings may also go to the Apple or Google store.

Lastly, most of these websites that offer contracts for stories online aren’t the most reliable companies. Many of them have pooched writers from already established writing websites, like Fictionpress and Wattpad. To do this, their staff violated the terms of service of the websites by creating accounts just to contact writers that already have a large following. When you think about that, it’s pretty shady.

I’ve also seen these other platforms “brag” about how they’ve taken writers from other websites and added them to their site. Now, I know that business is business, and it’s probably no different than one agent taking an actor from another agent, but still, watch yourself when dealing with these companies.

There are still many young writers online on these websites that don’t understand contracts and publishing rights. So, to get a random PM from someone offering them money and a deal, may sound all well and good, but you have to read the small print.

Personally, I don’t care for it, but if you’re a writer that doesn’t want to pursue traditional publishing or self-publishing, then publishing with one of these websites may work for you. Just keep in mind that most of these websites take a cut of your sales, and there are fees through the Google and Apple store you may have to pay for.

Always, always read the fine print! Don’t give away your hard work to these websites. Think of it like this, your story is your child, and you’re looking at different colleges. You want the best for your child, so you should also want the best for your story.

Some writing websites that offer monetization are:

Tapas
Wattpad
Radish
Webnovel

I also heard that some writers use Patron to sell their chapters to readers who pledge on their page, so that’s another option for writers who may not want to publish.

If you already post your stories online and get paid through a website or Patron, can you share your experience with us?

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8 thoughts on “Monetization of Serial Stories Online

  1. Glad to see you back! I receive messages through my Wattpad profile a lot. The latest is from Dreame.com and in the past, there have been messages from BVLNP, Inkitt, and Radish. No matter who contacts you and what they offer, the fine print mostly wants full worldwide rights to your story and that will include movie, audio, and everything under the sun. It’s terrible but it is what it is. The desire “to be published” is such a powerful need that it’s easy to forego reading the fine print or consulting someone about what rights you’re giving away exactly (which is basically all the rights).

    I’m on Patreon but I’m not as active on there because I worry about my chapters being copied word for word since every post is emailed to the patron anyway. If there is an option where only the first few lines are included in the email and they have click “More” to get to the Patreon page, I haven’t seen it. It is a good way to connect with your readers and patrons though, a way to share background information on your stories, etc. I just don’t have the time to maintain another profile and so my Patreon pages for both pen names gather dust and I end up scrambling toward the end of the month to offer a free story.

    Liked by 1 person

    • Thanks! I’m glad I have time to update my blog again and thank you for sharing your experience with us. It seems to these other writing websites, Wattpad is just a hub to find young, popular writers to bring to their own platform. The sad thing is they are taking advantage of writers by offering contracts that will take all their story rights. As you said, it is what it is, but it proves online writers need to do their due diligence and read the fine print before signing anything.

      Like

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