Do you think you can buy yourself something nice, if only you had an extra $1,000 at hand? And how about $10,000? How about having an extra $10,000 every month? How will it affect your lifestyle?
Believe it or not, it’s possible. Yes, you can earn $10,000 per month online and many are already doing it. Moreover, you already have all the tools and skills to get started, you just don’t see opportunity yet, because you aren’t looking.
So many people around the world are doing it right now. No, I am not going to suggest you take another job or a night shift on top of your daily work. All you need is to set up an online business, a blog, or a website.
Don’t get me wrong, setting up a blog, or starting an online business isn’t enough by itself, to start making an extra $10,0000 per month. However, with a little bit of passion, dedication, and commitment, you can turn $1,000 into $10,000, every single month.
You probably know that there are countless ways to make money online. You can work for someone, complete on-demand jobs as you go, or take freelancing tasks.
However, at some point, you get tired. You get tired of killing time completing online surveys, proving mundane customer support, or answering customer calls.
Not only is it boring and tedious, it has no future nor opportunity to scale up your income vertically.
Today, we are going to discuss ways you can start your own online business, which will generate passive, or nearly passive income every month. Moreover, this income adds up over time, and you can easily find yourself making a 5-figure monthly revenue.
So, let’s dive right into it and see, how can you start working for yourself and generate passive income online.
There are obviously some things you already know. Maybe it’s playing guitar, online programming language, or even yoga. These are just a few examples of skills that people are regularly searching for online.
You don’t need to have a degree or decades of practice. You just need to have good knowledge and some communication skills, so that you will be able to actually teach what you know to other people.
Imagine you will start an online English teaching class, and charge $30 per hour. At first, it may not seem like much but as I already mentioned, things add up. The more students you will have, the more it’s going to pay off in the long run.
This is what Shayna Oliveira does on her Espresso English website when she announced she can earn 10000 online.
She was recently interviewed and said that Espresso English is making $10,000 per month consistently.
What did she do? She shared the knowledge she already had and promoted it well, so her customers and students returned and recommended her services to others.
Show People How To Do Things
There are so many skills you have, and you may not even be aware of them. Can you fix a car? Are you good at redesigning? Perhaps you know your way around wood crafting? Maybe you are good with health products or know how to apply makeup professionally?
Simply record yourself doing it and steam it on the web. You will be amazed at the number of people searching for a “how to do… ” phrase.
If you get popular, you can generate passive income from views and ads on YouTube. You can also create your own website around this niche (or create a microniche), where you can sell books, offer a paid membership, or sell advertising space.
This is what Avalon Yarnes did when creating her Avalon Cakes School. She is a master cake decorator and a paid membership on her website costs between $15 to $25 per month where paid members get access to exclusive tutorials. While it may not seem like much, since she has over a thousand monthly paying members, things add up nicely. Just do the math: with a $15/mo subscription, you only need 700 monthly members, to generate $10,000 per month.
Sell Things You Make
If you are creative and have a gifted pair of hands, you can make extra money selling handcrafts. This can be anything from folklore items related to your location or origin, or even art, paintings, or souvenirs. You can start by listing your handmade items on Facebook and test out the demand.
You can also go to Etsy, which is the most popular marketplace online, where people sell their handmade items, whether it’s physical goods or digital printable PDFs of your design. This can quickly add up to your monthly income and start generating a steady stream of revenue.
Think outside the box, come up with creative ideas to make hand-knit clothes, fashion jewelry, handmade wallets, or anything else that comes to mind. This is what Brandi Arnold did as she launched her store on Etsy. Selling homemade, 100% natural, and cruelty-free bath and beauty products. Today, she is earning a 6-figure income from her online shop at Etsy.
Resell Other’s Products
Another inspiring example is Jessica and Cliff Larrew, who make over $100,000 per year with the Amazon FBA program. Never heard of it before? FBA means Fulfillment By Amazon, and it works really simple:
- You send your products to Amazon and decide on a price.
- Amazon sells the product for you, ships it to the customer from their warehouse.
- Amazon takes 30% cut off your pay.
- You get paid 70% of the original price.
These products can be anything you bought on sale or in bulk. Anything you purchased from Aliexpress or even made yourself.
Of course, it may sound overly-simplistic, and in reality, there is a lot more to the art of selling and reselling. You need to figure out the right products to sell, and it’s always a good idea to work with goods you are familiar with and have some experience selling.
You can find a lot of resources online as to which products are currently trending on Amazon FBA.
Promote Others Products
Perhaps you were reading this article and telling yourself, that you have nothing to sell, nothing you can craft with your own hands nor any exclusive know-how worth sharing?
If none of the methods above resonate with you, you should definitely consider diving into the world of affiliate marketing. With affiliate marketing, you don’t need to get overly creative nor have any special skills. All you need to do is to promote existing products that were already created or manufactured by someone else.
The scheme is really simple. When you promote a product and the customer purchases through your referral link, you receive a commission. Commissions can be either a fixed rate or a percentage from a total purchase price.
This is what Pat Flynn is known for. She is a top affiliate at BlueHost. He is making money by referring new customers to sign up and host their website with BlueHost. This referral program pays her $30,000-$40,000 per month, depending on the volume of sales he referred.
Of course, this is not an average result, most people don’t make even a fraction of that income, but it’s a good example of potential income that someone else managed to harness. The advantage hosting companies have is that their affiliate program payouts can be anywhere from $50 to $200 per referral. This kind of money can only be seen in top affiliate marketing programs.
Turn Ideas Into Products
Enjoying unique yet bizarre t-shirts? Do you like current trends and enjoy hot ideas? Utilize your skills to make recurring revenue by producing t-shirts, pillows, mugs, and other trendy merchandise. We are not talking about mere printing, bulk orders, nor dealing with inventory.
Using websites like Teespring or CafePress, you can easily upload your designs and manage your online store without dealing with physical goods in your garage. These websites and services do all the printing, shipping, and handle returns.
Take for example Benny Hsu, who made $100,000 in less than half a year selling t-shirts on Teespring. You don’t even have to be an exceptional designer. Your products have to cover current trends, hot topics, catchy quotes, or be just plain funny.
Is there any topic that you’re particularly good at? Any subject you’re especially interested in exploring? Can you be a good listener and ask the right questions? It’s time to consider podcasting!
There are countless fields of interest for podcasters. The more well-defined your material is, the bigger is your possibility to make an impact.
You’ll need some basic equipment for recording high-quality sound, but that is about it. Most of all, you’ll need persistence. It takes time to build a large audience, but that’s where the big money is.
Once you become a famous podcaster, advertisers will pay you to run ad spots on your show, or you can earn money with listener donations via Patreon. Yes, it is possible to earn $10,000 per month from podcasting, but it’s not easy at all. Particularly if you don’t have a service, product, or digital goods to market to your listeners.
Write a Book
A good example is Lisa Cartwright. who is a writer turned author. She self-published various short books through Amazon. Today, she makes over $3,000 per month from her books. But I am sure if she wanted to know how to earn $10000 per month she could easily increase her online earning.
Maybe you have a story to tell or a subject to explore – you may want to consider writing books. Before you refuse, bear in mind that they don’t need to be of any specific length or style, and you don’t have to be the #1 specialist in the field.
Writing a book isn’t simple, but this is an exceptionally good road to take if you’re not really in audio, video, or merchandise.
Steve Scott, who makes over $40,000 a month from selling his published books, can be a great example of self-publishing paying off.
Yes, you can still make money with email newsletters.
Of course, not just any newsletter. Surely not your standard newsletter that is designed to sell blatantly. Newsletters have to be valuable to convert, and there are several ways to make an awesome newsletter.
You can curate headlines and reports on a particular topic. Send out tips on buying or selling. You can even read books or watch movies and then email your subscribers exciting facts with a synopsis.
How can you monetize newsletters? If you get a sufficient number of subscribers, you can get an advertiser or sponsor to support your newsletters. If your content is helpful, you can sell a monthly or annual subscription to your newsletter.
This is what Farnam Street does with 400,000+ subscribers. Perhaps when you ask yourself or use Google voice search to find out “how can I earn 10000 per month?” – the answer may be right in front of you.
Play With Toys
Did you know that there are businesses that will pay you to review their toys? Imagine how great it could be, especially if you have kids.
If you are not into toys, it doesn’t matter. It doesn’t have to be toys, could be anything. You can review just about anything and get paid.
What about launching your own YouTube channel and uploading reviews that aren’t paid for by any particular company?
You review what you want, for example, check toys for safety and practicality. Not to mention the great stuff you’ll get to see and play with, and get paid for it eventually.
How to earn $10000 per month?
Do you want to earn more? Have you ever asked yourself, how to earn 10000 per month online or even how to earn 30000 per month online? This is not a very hard question, considering that is you start earning $10k online, you can easily figure out a way how to earn 30000 per month online and it doesn’t even matter in what currency, since the sky is the limit when it comes to online revenue.
10000 per month, in whatever currency, is a good income. It doesn’t matter if you want to make money online in Nigeria or find proven ways to make money online in Bangladesh – the principles remain the same and the tactics you can implement are universal, they will work no matter where you are in the world. Good luck!