Have you ever wondered how some people consistently earn $10k a month? That figure works out to $120,000 a year!
That’s a lot of money, but it’s a goal that most people can reach. In today’s gig economy, there are lots of ways you can realistically make money online — and offline — to say that you, too, know how to $10k a month. In fact, it may be easier than you might think.
11 Proven Ways to Make $10k a Month
Here are some of the best ways to make $10,000 a month in 2024:
- Start Freelancing
- Become a Virtual Assistant
- Real Estate Investing
- Open an E-commerce Store
- Start a Blog
- Sell Crafts on Etsy
- Dropshipping
- Become an Influencer
- Sell Online Courses
- Social Media Management
- Start a Podcast
1. Start Freelancing
If you’re looking for a way to bring in extra cash each month, there’s no better place to start than freelancing.
Freelancing is when you offer paid services to individuals or businesses who are short on time or lack the knowledge to perform the task themselves. It has become one of the most popular ways to make money online because it is easy to maintain as a side hustle.
Here’s why we love freelancing to earn money:
- The sky’s the limit regarding what you can do
- You work when you want
- You choose the fees you charge
Some of the most common freelancing opportunities include:
- Copywriting
- Graphic design
- Web design
- Photography
- Interior design
- Recruiting
- Editor
- Tutor
- Accountant
Keep in mind, though, that with freelancing or most side hustles, you must claim any income you earn on your taxes.Setting aside roughly 30% of your pay to Uncle Sam is a good idea.
If you’re looking for freelance opportunities, check out Upwork and Fiverr. You can also search LinkedIn for the position you seek, such as ‘freelance writer.’ From there, you can start applying for jobs and pitching your services.
2. Become a Virtual Assistant
As more people build online businesses, there is a growing demand for virtual assistants. Virtual assistants are contractors who tackle essential tasks so business owners can be more strategic with their time. These tasks include social media planning, digital marketing, customer service, bookkeeping, copywriting, scheduling, and more.
Many virtual assistants have reported earning upwards of $10,000 per month online.
So, what are the skills needed to become a virtual assistant?
- Good attention to detail
- Highly organized
- Good time management
- Excel at the services you offer (social media management, bookkeeping, digital marketing, etc.)
It’s important to narrow down your skills and determine which services you’ll offer businesses. Decide if you’ll charge hourly or by the service and if you prefer to run your own gig or work with an already established virtual assistant platform. This reduces the time it takes to find the perfect virtual assistant gig, and helps you become more marketable to business owners.
3. Real Estate Investing
Real estate investing is an often overlooked way to earn $10k a month. While technically, it’s not a job, there is plenty of work that goes into a successful real estate portfolio.
You can make money in real estate investing in the following ways:
- Buy and rent out properties to tenants
- Fix-and-flip properties, selling them for a profit after rehabbing them
- Invest in crowdfunding with other real estate investors on sites like Fundrise
Decide what level of participation you want in your investment, whether you want to operate as a landlord or prefer a completely passive path that earns you money while you sleep.
Diversifying your effort is another great way to reach $10k a month. You can buy a property to rent out and invest in crowdfunding to get your hands on commercial real estate that would otherwise be out of reach.
4. Open an E-commerce Store
Today, it’s easier than ever to open your own small business. Whether selling clothes, cosmetics, or digital printable products, you can easily create your own website and start selling products to earn extra money.
You can build your online store once you’ve developed your business idea using one of the two most popular platforms:
- Shopify: Millions of business owners trust Shopify, using the platform to create their websites, market their products, and connect with customers. However, fulfilling orders remains your responsibility.
- Amazon FBA: You can leverage Amazon’s extensive audience while letting Amazon handle order fulfillment, shipping, and customer service. All you have to do is send your products to Amazon so they can fill the orders.
5. Start a Blog
Blogging is a lucrative way to share your passion and expertise with others. It allows you to impart knowledge on a subject, share your creativity, and create a niche community.
While they require considerable effort to get off the ground, blogs have a strong business model and high profit margins that can help you earn ten grand a month.
To start a blog, follow these steps:
- Pick a niche
- Create engaging content
- Master SEO practices
- Monetize your blog with affiliate links
Keep in mind that the top-performing bloggers have several revenue drivers working all at the same time. They will have affiliate programs, podcasts, ad placements, sponsored posts, digital products, and more. Diversifying your income streams will maximize the passive income your blog earns.
6. Sell Crafts on Etsy
Etsy is a popular online marketplace that lets creators from all over the world sell their handcrafted goods. These goods include jewelry, clothes, home goods, party decorations, art, craft supplies, and vintage furniture. There are endless possibilities for what you can sell on Etsy.
Like starting a blog, there are crucial steps to get started on Etsy:
- Decide what you want to sell based on demand and competition
- Upload attractive photos of your products to your Etsy store
- Market your store outside of Etsy
- Provide excellent customer service to get great reviews
Not the crafty type? You can still have a successful Etsy shop by selling printables or digital products you can sell without actually stocking or shipping products.
All you have to do is design a printable template and upload it to the platform for people to purchase for a few dollars. These templates may include meal planning guides, grocery lists, to-do lists, personal finance trackers, or chore trackers.
7. Dropshipping
Dropshipping is an e-commerce business where you purchase cheap products from Alibaba, eBay, or Aliexpress and sell them at a higher price on Amazon or a Shopify site.
After deciding what to sell, you must create an online store through Shopify or Amazon storefront and list your products. You’re responsible for marketing your products through social media and other marketing channels.
Here’s how dropshipping works:
- The customer places an order for a product on your website
- You notify your manufacturer or distributor of the order
- The manufacturer or distributor fulfills and ships the order
- You earn money from the sale
The best part of this kind of business is that you don’t have to store or ship the products themselves. You can ship products directly from the manufacturer to the consumer with Oberlo, an app that helps you automate this process.
8. Become an Influencer
Affiliate marketing is when brands pay influencers to promote their products on their channels and even pay them a commission when their followers make a purchase. Influencers will encourage you to use their code at checkout or shop through a link in their bio.
These tracking mechanisms tell the brand that an influencer page directly impacted each sale. You don’t need 10 million followers to earn $10k a month; even micro-influencers can make a moderate income through affiliate marketing.
Here’s how to become an influencer:
- Create high-quality content
- Post regularly on your social media platforms
- Reach at least 1,000 followers
- Reach out to brands to see if they will partner with you
You can also open an Amazon storefront to promote to your followers. Amazon pays influencers commissions when their followers purchase something from their storefront. These sales can quickly help you reach the $10,000 per month mark.
9. Sell Online Courses
Platforms like Teachable and Skillshare allow people to share their expertise with eager learners. Whether it’s coding, knitting, photography, or entrepreneurship, online courses allow people worldwide to learn new skills from their homes at their own pace.
Online courses are an excellent way to earn passive income as well. They require a bit of heavy lifting at first, but once you have the course built and online, you can sell it repeatedly to earn extra money each month. You should pay attention to customer feedback to ensure you’re improving the course to meet expectations, but it should otherwise be relatively minimal effort moving forward.
To earn $10k a month selling online courses, do the following:
- Determine what you excel at and can teach
- Find an underserved niche within the subject
- Create the course using your chosen platform
- Market the course on your social media pages
- Encourage reviews to give prospective students confidence in your course
10. Social Media Management
Social media managers are responsible for creating content for a company’s social media channels. They are also responsible for managing the page’s performance and engaging with people in comments and direct messages.
Many social media managers start as virtual assistants before realizing their true potential lies in their social media savviness.
Social media management is a great way to make some extra money on the side, but it is also a bonafide career path. You can expect a median salary of $64,000 as a social media manager, but the top social media managers can earn as much as $175,000.
To get started, look for social media manager job postings on LinkedIn, Indeed, and Zip Recruiter platforms. You can also ask around to see if any of your local businesses need a social media manager.
11. Start a Podcast
Podcasts are like spoken blogs. You need an area of expertise and a captive audience, and you can earn money doing what you love.
If you don’t love writing or just love talking, consider starting a podcast in a niche that’s not oversaturated yet. Like blogging, you can monetize your podcast, and each time your listeners purchase something using your links or recommendations, you make money.
You can also leverage your audience to make more income with the following methods:
- Sell products
- Offer coaching
- Create subscriptions
Frequently Asked Questions
What is the easiest way to make $10K a month?
“Easy” is a relative term, but some of the easiest ways to make $10K a month include:
- Yardwork, furniture assembly, or other tasks on apps like Angi or TaskRabbit: This will involve manual labor and driving to project sites, but there are plenty of available tasks up for hire, and you won’t struggle to find customers.
- Dropshipping: Acquire popular products cheaply and sell them on Amazon. It may take 3-12 months to achieve the scale and profit margins you seek, but most sellers can generate $2K in monthly income for 10-15 hours of work per week. This means you can do dropshipping part-time as you grow your business without upfront costs. You only pay the supplier for the good(s) when the customer places the order, and it ships directly to the customer, so you don’t have to store or pay for any inventory.
- Offer freelance services like blogging, content writing, or virtual assistance: If you have experience in the field and connections, you can scale to $10K a month within 1-3 months. If you are starting from scratch, you need to build a portfolio of work, find clients, and demonstrate a new skill, which could take a couple of years. But the sooner you start, the better. You can offer freelance services on top of dropshipping and hourly task work too.
Other ways to quickly earn cash money — toward the $10K figure — include some of these other popular gigs:
- Walking dogs for Rover or Wag
- Drive for a rideshare service like Lyft or Uber
- Deliver groceries, meals, or other items for Gopuff, Uber Eats, DoorDash, or GrubHub
- Take online surveys, try new apps, and complete miscellaneous online tasks to earn cash and gift cards on apps like Kashkick, Caddle, Survey Junkie, or MyPoints.
You won’t be able to earn $10K a month doing these gigs, but they are a reliable way to top up your earnings.
What is the fastest way to grow your money?
If you are looking for fast ways to grow your money and you have the capital, this will generally involve investing in existing assets. This can mean investing in rental properties, commercial real estate, or an S&P 500 Index Fund.
While many fintech and micro-investment apps that let anyone invest money directly from their phone with just a few dollars exist, it’s wise to talk with a certified financial planner.
Beyond growing your existing bank account balance, you can invest yourself to grow wealth.
- Ask for your raise.
- Upskill your education and training: a new or advanced degree, certificate, or license may be helpful.
How Can I Make 10K Per Month?
While $10k a month is a tidy sum, making $10,000 or more every month through the ideas we’ve shared is possible. You need an entrepreneurial mindset, patience, and a willingness to stick with it. If you want to strike gold on YouTube, it will take more than a few DIY videos. So make sure you pick a side hustle that you genuinely enjoy.
Ultimately, it’s worth the effort if it means that you can reach financial freedom faster.
Do you have a side hustle that earns you $10,000+ per month that we didn’t mention? Let us know in the comments.
