studying time: 3 minutes

This submit is sponsored by Penpee.com

Penpee.com is a inventive group like Airbnb for a world community of writers and readers to generate income from brief tales.

Launched by founder TJ Penpee in 2016 in a bed room someplace in Higher Manchester, UK, the platform connects a rising community of writers and readers to share, learn, write and get paid for brief tales and even earn donations from followers on your thrilling tales.

The concept is to encourage folks to begin studying and writing whereas serving to them monetize their content material, with a spotlight solely on brief tales.

The simple mannequin provides authors from world wide money rewards for each qualifying web page of their tales learn.

It really works by giving every new member welcome credit, that are then calculated as they learn your story and shared between the platform and the writers.

The credit which can be topped up when studying the monetized (paid) tales are transformed to the authors into money that may be deposited into their checking account or PayPal, relying on the kind of membership.

There’s an expanded social aspect: to attach with authors, charge and evaluation tales, invite associates to learn your tales, see who’s seen your profile, and extra.

A donation is an extra technique to assist the authors’ work, however doesn’t change regular earnings. Authors proceed to earn when qualifying pages of their tales are learn. Customers can donate to you voluntarily.

How you can write on Penpee.com:

You should be a member and logged in to submit on Penpee.com. Then you’ll be able to select between a royalty-free or a (monetized) paid story to write down.

Royalty-free tales are free to learn and authors aren’t paid for them. However, monetized tales require credit to learn and writers get paid to take action. Any writer can publish a royalty-free story with out a reader token. If you’re a free member, a reader token is required to submit a paid story. Prime members can publish limitless paid tales with out a reader token.

Membership:

Penpee.com presents each Free and Prime memberships, and anybody over the age of 16, anyplace on the earth, can turn out to be a member. Prime membership presents the chance to earn as much as 90% extra fee than the free membership. Plus, Prime members can write as much as 12,000 phrases – 20 pages, with a maximum of 600 phrases per web page. Free members can solely write as much as 3000 phrases – 5 pages, max 600
phrases per web page.

The platform recommends Prime membership for established writers and anybody trying to monetize multiple story.

Credit score:

All members obtain 4 welcome credit upon registration, whereas Prime members additionally obtain as much as 450 free story-reading credit. Extra credit will also be bought from the dashboard. The platform presents everybody 1 free day by day login credit score.

Bookmark:

Whilst you can publish your first paid story (monetized story) totally free, a Free member wants a reader token for every further story to be monetized.

Reader Tokens are free and might solely be earned when you’ve learn at the very least 80% of a accomplished monetized story with a Reader Token label on it. Bookmarks aren’t credit and can’t be used to learn tales, they’re solely used to publish tales.

Word that Prime members can publish an infinite variety of monetized tales with out a reader token.

Launched in 2019 in a bed room someplace in Manchester, UK, Penpee.com serves a world community of writers and readers. They’re consistently soliciting suggestions from members and have integrated the related into the design of the platform and proceed to take action. So be happy to have a look and submit your suggestion. For buyers and partnership alternatives, contact enquiry@penpee.com.

Disclaimer: MoneyMagpie is just not a licensed financial advisor and as such the knowledge contained herein, together with any opinion, remark, suggestion or technique, is for informational, leisure or instructional functions solely. This shouldn’t be taken as financial recommendation. Anybody pondering of investing ought to do their very own due diligence.