What would you do with an extra $1000 a month?
Open up a savings bank account? Splurge on that Balenciaga bag that you had been eyeing for the longest of time? Try a new cuisine every single day for the next month?
The possibilities are endless.
After all, it’s a substantial amount of money that could really make a difference for most households.
But before we discuss spending the money, you need to figure out how to get that extra $1000 every month in your bank account – precisely where this article comes into the picture.
In this guide, we look at the best 14 options that offer a high-income potential to help you achieve your goal of earning an extra $1000 every month.
Ready? Let’s get started!
Buying and Selling Domains
Image Source: Established Domains
Beware: This is a slightly tricky one as the business is challenging.
Buying and selling domains are also known as domain flipping.
It’s super simple too. You identify a good domain, and then register and acquire it at a cheap price with the intention of selling them at a higher price in the future.
Think of the whole process as an online version of real estate – only less risky.
You need a sound strategy to get the right domain name. If everything goes well you just might land upon a profitable spot. You will be able to earn a lot of money if you have marked the right domain.
Doing Data Entry Jobs
Data entry jobs can be a good source of income, especially if you’re someone just starting out or fresh out of college. It mostly consists of copy-pasting, but your income depends on the volume of tasks you get in a month. What’s more, you don’t need to acquire any special set of skills. Just having the basic level of qualifications is enough to start working.
There are a few factors you must consider, though.
Firstly, you’ll find a lot of competition and although there’s demand, some claim the market is already saturated. Secondly, there are lots of scammers and fraud companies who might cheat you. So you’ll need to find a legitimate and honest company that does pay its employees.
Top Tip: You can find tons of data entry jobs on freelance platforms like Freelancer.com or Upwork. This can be helpful for those who don’t want to work on a company’s payroll.
Doing Affiliate Marketing
Image Source: Neil Patel
Affiliate marketing involves endorsing and reviewing products. Basically, you get paid for creating demand and boosting the sale of a product or service. The good news is the affiliate marketing niche offers plenty of scope for you to earn those coveted dollar bills – even without you having to get out of your bed.
All you have to do is write a blog post or create video content that highlights the benefits and features of the product. Whenever your visitors or followers purchase the product through your link, you’ll end up receiving a predetermined commission for every sale you make.
Affiliate marketing is one of the best ways to earn passive income. From Kylie Jenner to Serena Williams, several people have already hopped on the bandwagon. So if you aren’t already, you can be sure someone else is already filling in your position.
Becoming a Disc Jockey or DJ
Are you always in charge of the USB cord because of your fantastic taste in music? Great.
But do you think you’ll be able to make or improvise the music? If yes, becoming a disc jockey or DJ is a good line of work to think of.
When starting out, all you need is a computer and your talent in music to make attractive and catchy tunes or soundtracks. You might not end up playing at music festivals for eye-popping amounts but it’s highly likely you’ll be able to rake in that extra $1,000 by DJing at parties, pubs, or wedding ceremonies.
Becoming a Consultant
Consultancy is undoubtedly one of the best means of earning revenue as everyone needs advice and opinions at some point – whether they are an individual or a company. If you feel you have the knowledge and experience to help others overcome specific problems or obstacles you can consider selling your expertise by becoming a consultant.
Here, people come to you and pay you for your (good) ideas or solutions. You also have full control over the amount of money you charge, and in most cases, it’s a hefty number. That said, you must have the relevant qualifications and experience to back up your fee and expertise.
Bookkeeping, purchase, sales, process, and legal advice are some of the most common niches where people look for expert help.
Becoming a Virtual Assistant
Image Source: Flexjobs
Professionals and businessmen are nearly always on the lookout for reliable people who can assist them In their daily work by doing small yet important tasks like scheduling meetings, following up on emails, and reminding them of meetings, and so on.
This is exactly where you come in with your exceptional organization, coordination, and responsiveness qualities.
Apply to be the virtual assistant, and while it can be tedious, it’s a good source of earning that extra grand every month. Typically, a VA’s job includes making travel arrangements, replying to calls or emails, taking or booking appointments, and managing your employer’s schedule… you know the kind of things someone who is very busy would find it tough keeping up with?
Additionally, with workforces going remote and people opting to work for home because of the ongoing coronavirus pandemic, you’ll find plenty of virtual assisting opportunities. The whole job hunting will become even easier if you have additional skills in content management, graphic designing, marketing, and routine management.
Online Garage Sale
Image Source: Whole Design Studios
Garage sales are a great way of doing business and earning revenue.
The only requirement of the job? Good social and convincing skills.
With traveling not advisable now, it’s better to set up an online garage sale. In fact, you can actually make more money by selling online rather than in person. Not only are more people able to see your products, but even you can sell to people living in different cities and even countries – provided you have the required shipping and dispatching services in place.
In addition to your products being of good quality for customer retention, you must also click good pictures of your products if you want to increase your online traffic and conversion rates. An aesthetically pleasing website can work wonders to attract customers and increase your chances of making a sale.
Fitness Coaching or Becoming an Activity Leader
People today are more conscious about how they look and their fitness levels. We can even call it an obsession for a few.
As a good businessman, you can work to use their obsession to your benefit. Start by connecting with your network to find clients who are either actively looking to lose weight or want to become fitter. If you don’t want to try out fitness coaching, you can also organize activities where people come in and just have fun. For instance, holding indoor and outdoor campaigns.
Plus, if your clients see good results, they may refer you to their friends and family too! Just make sure you stay dedicated and provide genuine help to your clients, and in turn, the money will fall right into your pockets.
Become a Bartender or Server
People visit restaurants and pubs for business deals, socializing, or spend some alone time, which is also why the food and beverage industry is massive.
Getting a job as a server – or even better a bartender – can get some amazing perks. Think of it as earning a dual source of income: One is your main salary while the other source is your tips.
In fact, many consider tips as a solid passive income where you can earn a couple of hundreds when it gets busy in the restaurant. You have to connect with your customers. Make an effort to know their likes and dislikes and their usual orders.
You can drop into any nearby restaurants or bars and find out about any job openings. The basic salary might not be very exciting but with good tips, you can easily earn up to $1000 — or more — in a month.
Become a Freelancer
Image Source: Nation 1099
If there’s a career choice that’s steadily climbing the popularity ladder, it’s freelancing.
Freelancers are professionals who provide services in exchange for a fee. Think of it as a type of self-employment similar to a home business. Becoming a contractor is also possible as freelancing is very flexible. There are no rules about work timings, work location, and dress code as long as you submit quality work before the deadline.
Further, whenever we mention freelancers, people automatically assume it’ll be related to writing blogs and articles. But there is really so much more to it.
In addition to content writing, businesses also need other kinds of visual assistance like graphics and videos. This includes bookkeeping, project assistance, and website building.
Again, freelance platforms like Upwork and Freelancer can be tremendously helpful in connecting service providers with those looking to hire them. You don’t have to pay anything extra for opening an account and only charge you a certain percentage of your earnings – if you get the job, of course.
You’ll find plenty of opportunities as well since there are a large number of people willing to take on newcomers. You just need to offer the right price, and of course, have the right skills. The internet is also filled with samples of similar work that can help make your job easier.
All in all, freelancing is a great way to earn extra money and if you are good at whatever you do, you can easily make a couple of thousand dollars in a single week.
Yep, you read that right. In a week.
Website Designing
Website development can get a bit technical and hard. But designing one? Not so much.
What makes the job at hand easier is that you’ll find hundreds of templates that can be used as a base for designing websites. You can make home pages, blogs, categories, banners, pictorial designs… and practically every other page you may need with the help of the internet.
Some of you may be thinking why would anyone want to hire a website designer if there are free resources available online.
Well, you see, not everyone can put in the required time and effort to ensure the website looks nothing short of fantastic and is well designed. There are many small elements that count. Apart from time, creative skills also came to play. If you’re creative and make exceptional website designs, people will eventually come to you and pay for your services.
Think about it this way: People can cook food in their kitchen, but still prefer dining out.
Get it?
Become a Brand Ambassador
Most product-based businesses need help promoting their products. Unfortunately, not everyone has the budget to hire superstars, influencers, or sportspersons to promote their business.
This is where you come into the picture with your loyal social media following.
You can approach businesses offering them to promote their products and services on your social media handles, handing out flyers, promoting their businesses at events or shows, and so on. Blogging and social media platform shoutouts are super effective online alternatives you can try too.
Image Source: Medium
Yes, you need to have social influence – the more, the better, really. But the main thing that matters here is your followers should take your advice when it comes to making purchase decisions.
If you’re successful in boosting the sales of a company, you’ll find many brands and companies wanting to collaborate with you. In return, you’ll get a commission for every sale you make, along with free products and other perks.
Start a YouTube Channel
YouTube is so much more than the black hole where you spend endless hours watching stand up comedies, celebrity interviews, or listening to music.
In this case, instead of consuming content, you’ll be the one creating it. And all your efforts will be rewarded with money.
Full Disclosure: Making money on YouTube isn’t easy, especially since growing and maintaining a channel takes a lot of time.
Whenever you upload a video on YouTube, you’ll be paid a certain amount of money based on the number of views you receive on your content. And it’ll also not take some serious effort and thinking on your part! You’ll have to come up with interesting content that ensures your viewers return to your channel. You should also make sure all your content meets YouTube’s community guidelines. Otherwise, it may be taken down.
But once you’re successful in your endeavors, the money will be good. Just take a look st PewDewPie’s earnings from YouTube below:
Image Source: PR News Wire
Yes, he reportedly makes $326.4K from EVERY video he makes. Phew!
Write an eBook
The world is never short of readers and never will be, which is why publishing your story or knowledge for others to see is always a good idea.
eBooks, in particular, is a great way to start. You don’t have an interesting story too – you can always share your experience and knowledge. The only thing your readers care about is getting value for the money they pay, so if you think you have what it takes to make an informative or interesting ebook, you should definitely consider giving this a shot.
One of the easiest ways of publishing your eBook is through Amazon Kindle Direct Publishing. Amazon will take a commission from your sales, but you’ll have the full rights to the book. Plus, you also get access to Amazon’s millions of users across the globe who could be interested in buying your book.
The Bottom Line
Earning money – whether online or offline – is hard. But it isn’t impossible.
We hope you find success and earn that extra $1000 every month by using our above solutions. You soon realize that there are legitimate ways of making extra cash, you just need to dedicate yourself fully and give your best to reap the rewards.
Here’s wishing you all the best!