Strategy question

How would you triple revenue for Medium in five years?

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What this question tests

Monetization strategy for a content platform with a niche but loyal base, requiring realistic, sequenced levers rather than a wish list.

How to approach it

  1. State Medium's current core revenue: the Membership subscription, paying writers via the Partner Program based on member reading time.
  2. Identify the main lever: growing the subscriber base and increasing ARPU, since Medium's model is subscription first, not ad driven.
  3. Propose growing subscriber base via better free to paid conversion, with smarter paywall timing based on demonstrated engagement.
  4. Propose a secondary lever: expanding into writer tooling monetization, competing with Substack on newsletter features.
  5. Sequence over 5 years: near term conversion optimization, mid term writer tooling monetization, long term B2B offerings.
  6. Define success: subscriber growth rate, ARPU, and writer retention, since writer quality drives reader subscriptions.

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