Are you looking for realistic ways to make $10k a month? If yes, you are in the right place.
People look for alternative ways to improve their financial status and secure their future as they don’t get paid that much salary from their traditional jobs.
In fact, 10k per month is an unrealistic number for many, since you are eying on it, you are probably ready to leave your comfort zone and do what most people couldn’t handle.
Well, achieving 10k per month may initially be challenging, but it is possible when you work in the right ways and implement the best strategies.
So, if you are wondering how to make $10k a month, this article discusses some possible ways and strategies I’ve tried over the years.
Scroll down the article to read the ideas, tips, and tricks that help you to surpass the target. You can make even more if you stick to these ideas and implement the right strategies.
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Best Ways To Make $10k a Month
If you badly want to make $10k a month but don’t know where to begin, there are many possible ways that have the potential to pay beyond your monthly goal.
And, your earnings will totally depend on the efforts you put in and the strategies you employ.
Some ideas like blogging and starting a YouTube channel require regular effort while others like investing and selling products require less effort and provide a reliable source of passive income.
So, if you want to make 10k per month to pay off debt or buy something expensive, these below-discussed methods are worth trying.
1. Start a YouTube Channel
If you like creating videos, then starting a YouTube channel is a great way to earn passive income.
It takes some time in the beginning to create your own fan base and grow your channel to generate full-time income.
We all know that our favorite YouTubers make hundreds of thousands of dollars every month from ad revenue alone. If they are making it on YouTube, why shouldn’t you do it?
Follow the steps to create your YouTube Channel…
- Login into YouTube using your Gmail address
- Click on your profile picture and then choose “Create a Channel”
- Type your channel name
- Add your channel bio
- Add your profile picture
- Finish your profile setup
- Start uploading Videos and Shorts
Video quality is the primary thing on YouTube so you must invest in a good quality camera. Initially, you can shoot with your phone and you can upgrade as you gain the traction.
As of now, to be eligible for YouTube monetization, you must surpass 1000 subscribers and 4k watch hours or 10 million short video views within a one-year time frame.
Once you surpass the requirements, there are many ways to monetize your channel. Here are a few ways…
- Display Ads
- Channel Memberships
- Selling Products/Courses
- Affiliate Marketing
- Brand sponsorships/Collaborations
- Super Thanks and Super Chat
According to a report:
YouTube pays around $18 per 1,000 ad views on average, which roughly translates to $4 to $5 per 1,000 views.
You can see the first video in the above screenshot got 42 million views in just 1 year. If you do the math based on the above stats, this video alone made $210,000 in revenue to its creator in just one year. Imagine its potential.
YouTube in 2024 is a very high-paying avenue for all of us. If you can create high-quality useful content, then making 20k per month on YouTube is just a cakewalk.
2. Start a Money Making Blog
Blogging is another passive income venture just like YouTube to make unlimited money with no upper limits.
In fact, it is my favorite way to make money because this has been my full-time income source for more than six years full details is here
If you can find a low-competitive profitable niche, you can also start making real money from your blog.
Daily Ad Revenue of My Blog
Blogging allows you to follow your passion and make money from it. For instance, if you love traveling, you can start a travel blog. If you love Cooking and Home Decor, then you can start based on that too.
Though blogging is easy to start and has huge income potential, you need huge traffic to your blog to generate 20k a month’s income.
Here is how to start a blog in just a few minutes…
- Decide your blog niche
- Decide and search for an available domain name
- Register your domain name (Free with the below Bluehost link)
- Purchase Hosting Services with Bluehost
- (Just $2.95 per month & FREE domain address)
- Install a theme
- Customize your blog
- Start publishing content
Choose your blog name that sounds relevant to your blog niche. So, it gives an idea to people what your blog is all about.
Pinterest is a great source of traffic if your blog is new. So, make sure you promote your content on Pinterest to get some traffic in the initial days.
To make $10k per month from your blog, you must monetize your blog strategically. Here are some ways to monetize your blog…
- Affiliate Marketing
- Display Ads
- Selling Digital Products
- Sponsorships
- Sell Courses
Making $10k per month from blogging is a challenging thing in the beginning days but it is possible as time goes on. You must employ the right strategies to reach there.
3. Start a Print on Demand Business
Have you ever thought of starting a business without any investment? If yes, then you would love the concept of the Print-on-Demand business.
Here you don’t need to worry about managing inventory or handling the shipping process.
In this business, you mainly work with a manufacturer to produce and supply custom products and merchandise based on your order.
All you have to do is create custom designs and market them online to get the sales. It’s a completely low-cost and low-risk business to make money since the products are manufactured based on customer orders only.
If you are a graphic designer expert or beginner, you can use tools like Canva to create awesome designs and Promote them on platforms like Pinterest, Etsy, and more.
To ease your process, you can simply sign up at Printify to kickstart your PoD business. Here you can design and sell your customized products all in one place.
Steps to create your Printify account…
- Visit Printify and complete the signup process
- Select the products you are targetting like t-shirts, mugs, hoodies, etc.
- Create and upload your custom designs
- Connect your Printify account to online marketplaces like Etsy or eBay
- Market your products on Pinterest and other social media websites.
When you receive orders, your chosen manufacturer produces the products and ships them to the address. The shipping costs vary based on the print provider you select.
Though it is an automated business, there is one thing you should always be taking care of. The quality of the product your manufacturer is producing. So, it’s better to order a sample first before you select your print provider or manufacturer.
Must Read – Make Money on Amazon: 5 Ways To Make Up To $5000 Per Month in 2024
4. Start a Service-Based Business
If you are wondering how to make $10k per month, consider offering services for cash instead of wasting your skills.
There are hundreds of services you can offer without investing anything in learning and building. Once you understand this business, you can even scale this business to $20k or even $50k per month by hiring people to serve more clients.
Focusing on one service cannot make 10k a month but if you can expand your business in various services with the help of employees, you can easily reach that goal.
Here are some common services you can offer for money such as…
- Babysitting
- Petsitting
- Dog Walking
- Moving
- Plumbing
- Laundry services
- Tutoring
- Painting
- Hairdressing
- Catering and more.
You can build this as a service agency by hiring more people and doing more tasks every day.
It might not make $10k per month from the beginning but if you offer the best services and maintain good relations with your client base, you can scale this business to $10k or more per month easily.
Read –4 Legit Work From Home Companies That Pay Weekly in 2024
5. Sell/Flip Items
Another great money-making venture to make $10k per month is flipping the profit. This business is an excellent way to make money because you can buy and sell a wide range of products and make decent profits.
The best places to find stuff at very cheap prices are flea markets, thrift stores, and garage sales. You can also find and buy items for very discounted prices onFacebook Maeketplace, or at physical stores like Walmart.
Once you finish buying stuff, you can start listing them on online marketplaces like mercari, eBay, and poshmark to sell them for profit. Selling online is comparatively easy as you don’t need to set up any physical store.
However, you might need to pay some platform fees and shipping charges. And, if you want to avoid those charges as well, you can use online marketplaces like Facebook Marketplace to find interested buyers in your local area to sell directly to the buyer.
Here are some items to flip every day…
- Furniture
- Designer Clothing
- Cars, and Bikes
- Money
- Watches
- Websites
- Sports Cards
- Houses
- Smartphones and Game console
- Wedding rings etc.
You can modify these things a little bit and sell them again for higher profit at flea markets, thrift stores, or a garage sale. There are plenty of ways to sell once you have good products in your hand.
When you start this business with a $20k per month target, make sure you buy and flip products with a significant flipping margin to achieve your targets.