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 grow your earnings to $10k a month. In fact, it may be easier than you might think.
9 Proven Ways to Make $10k a Month
Here are nine of the best ways to make $10,000 a month in 2023:
- Start Freelancing
- Become a Virtual Assistant
- Open an Ecommerce Store
- Start a Blog
- Sell Crafts on Etsy
- Become an Influencer
- Sell Online Courses
- Social Media Management
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 and can even become a full-time opportunity if you’re dedicated enough.
One of the reasons why freelancing is such a popular way to earn money is because it is open-ended. You can choose what services you want to offer, how much you work, what you charge, and more. Whether you want to be a freelance writer or a wedding cake baker, the options are endless.
Here are some of the most common freelance opportunities:
- Graphic design
- Web design
- Interior design
One of the main disclaimers about freelancing (and most side hustles in general) is that you must claim any income you earn on your taxes. Unless you are a W-2 contractor or part-time employee, you will not have taxes deducted from your paychecks. Instead, you will need to set aside roughly 30% of your pay to give to Uncle Sam. Despite this, freelancing is one of the best ways to earn a good income and do something you love.
Whatever your skills are, whatever your background is, there is a freelance opportunity waiting for you. To find freelance positions, you can start by looking on job boards like Upwork and Fiverr. You can also search LinkedIn for the position you are looking for, such as ‘freelance writer.’ From there, you can start applying for jobs and pitching your services.
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2. Become a Virtual Assistant
Business owners and entrepreneurs can’t do it all, so they need people to help them complete essential tasks for running their businesses. That’s where virtual assistants come in.
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.
The demand for virtual assistants is growing as more people start their own businesses. Many people don’t realize that virtual assistants are running a business in their own right. Many virtual assistants have reported earning upwards of $10,000 per month online. Moreover, many of these successful virtual assistants started working for minimum wage, proving that anyone can get started.
So, what are the skills needed to become a virtual assistant? Virtual assistants are required to perform a variety of tasks on behalf of their clients, so you must be organized and able to juggle multiple tasks at once. You must also be receptive to learning and applying new skills in a business environment.
Before you begin looking for virtual assistant positions, you need to get clear about what you’re going to do. A business owner isn’t going to be impressed if they ask how you can help, and your answer is, “I don’t know, anything really.” The best virtual assistants know what they are good at and pitch specific services/skills to businesses needing an extra hand.
For example, an excellent virtual assistant will typically approach clients with a service menu outlining their services (writing blogs, bookkeeping, social media management, etc.) and price. Some virtual assistants price their services by the hour or charge a flat rate. Both have pros and cons, but it will ultimately be up to you to decide.
After you define your services, you can begin looking for virtual assistant positions. You can start by looking at job boards like LinkedIn or Indeed. You can also network with business owners and see if they need any assistance.
3. Open an E-commerce Store
Some people aren’t content being a virtual assistant. They’d rather be the ones running the show. If that sounds like you, consider opening an online store.
The internet has made opening your own small business easier than ever. Whether you’re selling clothes, cosmetics, or digital printable products, you can easily create your own website and start selling products to earn extra money each month.
Once you’ve developed your business idea, you can begin building your online store. One of the most popular e-commerce platforms is Shopify. Shopify makes it easy to create a beautiful website, market your products, connect with your customers, and fulfill orders. Millions of business owners trust them, and they help make it easy for you to run your own e-commerce business.
Another option for running an e-commerce business is working with Amazon FBA. We’re all familiar with Amazon, but Amazon FBA is a lesser-known entity of the e-commerce giant. Amazon FBA takes the headache out of running an online business. They will handle order fulfillment, shipping, and even customer service. Plus, you can benefit from Amazon’s massive global user base. All you need to do is send your products to Amazon, and they will pack and ship them for you when people buy them.
4. Start a Blog
Blogging is one of the top ways to make a considerable amount of money on the internet. You must be committed, consistent, and enthusiastic to make $10k a month, but it is still an excellent way for beginners to kickstart a profitable side hustle.
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 undoubtedly earn you ten grand a month.
To start a blog, you will first need to pick a niche and start creating content that will appeal to your audience. You will want to consistently post quality content being sure to keep SEO practices top of mind because this is how people will discover your blog. Once you have built a reader base, you can start effectively monetizing your blog.
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.
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5. Sell Crafts on Etsy
Do you love crafting in your free time? You can earn some extra income each month by selling your 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, the first step in getting started on Etsy is deciding what you will sell. You want to sell something you can make well and stand out from the crowd. Once you pick your craft, you can start uploading photos to your Etsy storefront and promoting it on social media.
Not the crafty type? You can still have a successful Etsy shop by selling printables. Printables are digital products you can sell without actually stocking or shipping any income, which can be the most headache-inducing part of having an Etsy shop. 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.
If you want to start an e-commerce business without dealing with the hassle of storing and shipping inventory, consider creating a dropshipping business.
Dropshipping is a type of e-commerce business in which you purchase cheap products from Alibaba, eBay, or Aliexpress and sell them on Amazon or a Shopify site at a higher price.
The way dropshipping works is a customer places an order for a product, and the company notifies the manufacturer or distributor of the order. The manufacturer or distributor will then ship the product directly to the customer, and you will earn money from the sale. Your job is to promote the product and act as the marketer.
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 to the consumer from the manufacturer with Oberlo, an app that helps you automate this process.
To get started, you will need to decide what type of product you will sell and source your products through a marketplace, such as Aliexpress or SaleHoo. Successful drop shippers will stick to a unifying theme to effectively market their entire store.
Once you decide what to sell, you’ll need to create an online store through Shopify or Amazon storefront and list your products. From there, you can market your products through social media and other marketing channels.
7. Become an Influencer
In the age of mega influencers, it can seem hard to believe that you can make it successfully as an influencer. But you don’t need 10 million followers to earn $10,000 monthly. Many micro-influencers, anyone with 1,000 to 100,000 followers, can make a moderate income through affiliate marketing.
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.
The first step to becoming an influencer is creating high-quality content and posting it regularly on social media platforms. This includes but is not limited to TikTok, Instagram, and a YouTube channel. Once you have at least 1,000 subscribers or followers, you can begin reaching out to brands to see if they want to partner with you. Some brands may pay you upfront for a sponsored post, and others may offer you an affiliate code to promote to your followers.
You can also open an Amazon storefront to promote to your followers. Amazon pays influencers commissions when their followers make a purchase off their storefront. Many influencers encourage followers to purchase products from Amazon through their storefronts. These sales can quickly help you reach the $10,000 per month mark.
8. Sell Online Courses
Are you an expert in a subject, or do you have a teachable skill that others are eager to learn? Then it would be best if you considered building 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.
9. Social Media Management
No matter the industry, businesses around the world are expected to have a social media presence. Unfortunately, many companies don’t have the time or knowledge to create engaging social media content. That’s where social media managers come in.
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 $58,000 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 platforms like LinkedIn, Indeed, and Zip Recruiter. You can also ask around to see if any of your local businesses need a social media manager.
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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 starting out in the same way you might on Upwork, Freelancer, or Fiverr.
- Start a dropshipping Acquire popular products on the cheap and sell them on Amazon. It may take 3-12 months to achieve the scale and profit margins you’re seeking, but most sellers can eventually 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 and there are no 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 assistant If you have experience in the field and connections, you may be able to 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 — it 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 Roverr 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 there are many fintech and micro-investment apps that let anyone invest money directly from their phone — with just a few dollars — 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 of money, it is possible to make $10,000 or more every month through the ideas we’ve shared. 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.