What would
you do with an extra $1,000, $5,000, or even $10,000 per month? And what if you
could bring in that type of income every single month. Using the knowledge and
skills you already have?
It might seem far fetched,
but it’s not.
In fact, thousands of people
are doing that right now. Not by working traditional jobs or even freelancing.
But through blogs, websites, and small, online
businesses.
Will everyone who attempts
any one of these methods earn $10,000 per month online? Not likely.
Can you bring in an extra
$500 to $1,000 per month with the right guidance, dedication, and a little
work? Absolutely.
Stick with it for a few
years, improve and grow, and you can turn that $1,000 into $10,000. Per
month!
I know there are plenty
of ways to make money online. In fact, here’s a list of 67 work from home
jobs, most of which are online jobs.
But at some point, you want
to get picky. You don’t want to spend hours upon hours every week taking
surveys or doing customer service.
In this post I’m going to
focus on things that just about anyone can start. That can scale easily.
And that are the most likely to create a residual, or passive, monthly income
over time.
So, with that in mind, here’s
my list of ten proven ways to turn what you already know into a 5-figure
monthly income stream, with real-life examples included.
Teach People What You Know
I bet you know things. Things that other people don’t know.
Music, programming, sales, or yoga. These are skills that people are constantly
searching to learn online.
You don’t have to have an advanced degree or decades of
experience. But you do have to have some knowledge and the ability to share it
in such a way that other can learn from you.
Shayna Oliveira teaches English through her website Espresso
English. Her courses cost only about $30 each. That may not seem
like much, but if you have enough customers, it can really pay off.
And it does.
Shayna recently shared in an interview that Espresso English
is at the point where she will earn $10,000 per month, almost every single
month. Just using the knowledge she already has.
Not bad for helping others learn a new language!
Show
People How to Do What You Do
Are you great at woodworking? Repairing cars? Or remodeling
bathrooms?
Or maybe you’re a master with health and beauty products or
makeup.
You can now earn a monthly income stream by using your
skills to show others how to do exactly what you do to get the same results.
If you’re wildly popular, you can generate revenue from
YouTube views via ads. Otherwise, you’re probably better off creating your own
niche website or membership area.
Avalon Yarnes is a master cake decorator and artist. She
runs Avalon
Cakes School, a membership site with over a thousand monthly members
who pay $14.95 or $24.95 per month to get access to her long, in-depth
tutorials.
And at $14.95, you’d need less than 700 subscribers to earn
$10,000 per month.
Make Things To Sell
Do you like making crafts, art, or handmade goods? Ever post
them on Facebook and have your friends go crazy wanting to know where you
bought them?
If so, you might find Etsy a great place to put your skills
to work for you, and earn some extra cash each month.
Etsy is an online marketplace full of products made by
people from all over the world.
If you make beautiful crafts, create art, make custom
jewelry, purses, or … well, anything at all, then set up an Etsy store
on the marketplace and get to selling.
Check out these case studies of how three people started Etsy stores that
are making good money! One of them, Brandi Arnold, is on her way to six figures
per year selling handmade, natural and vegan bath and beauty products.
Sell Other People’s Products
Jessica and Cliff Larrew make over
$100,000 per year with Amazon FBA.
And if you’re asking, ‘what is Amazon FBA?’ FBA stands for
Fulfillment By Amazon, and here’s how it works:
You ship Amazon your products and set your price. Then they
post it online, sell it for you, and ship it to your customer.
You get paid, minus the 30% they take for all that heavy
lifting.
The products can be items you buy in bulk, at a discount, or
even products you source from overseas manufacturers. You don’t even have to
touch a product to sell it.
It sounds fairly simple – and the concept is – but there is
a learning curve and it’s important that you work with products that you
already have a good bit of knowledge and experience with.
Here’s a list of pro-seller tips, as well as the link
to the Amazon FBA page.
Promote Other People’s Products
Have you read this far, only to find yourself thinking ‘I
don’t think I have anything work teaching, making, or writing about’?
If so, you should consider affiliate marketing. Affiliate
marketing is where you refer people to existing products or services, and in
turn those companies pay you a small commission.
For example, Pat Flynn is known for being a top affiliate
for Blue Host. Based on his publicly available monthly income reports for
his blog, he makes a whopping $30,000-$40,000 per month by sending people from
his site to Blue Host.
Sure, that’s not a typical result. But with companies
like WP Engine (affiliate link) paying out
$200 per referral, it’s not hard to imagine how one could make five figures pretty
quickly.
Turn Your Ideas Into Products
Are you a fan of niche, quirky, geeky, or weird t-shirts? Do
you have an eye for design or like to keep up with current fashion trends?
Use your skills make monthly income by designing t-shirts,
mugs and other merchandise. I’m not talking about screen printing, ordering in
bulk, and dealing with inventory.
Using sites like Teespring or Cafe Press,
you can simply upload your designs and manage the online store. They’ll do all
the printing, shipping, and returns.
Benny Hsu made $100,000 in 5 months selling t-shirts on Teespring.
Benny Hsu made $100,000 in 5 months selling t-shirts on Teespring.
And you don’t even have to be a great at design. Shirts with
catchy quotes, phrases, and sayings can turn into big sellers.
Record Your Conversations
Is there a subject that you’re exceptionally knowledgeable
about? Or even a subject that you’re really interested in diving into a little
deeper? Are you a good listener?
Have a talent for carrying conversations?
You may want to consider podcasting!
There are an endless areas of interest for podcasters and
podcast listeners. The more distinct your topic is, the more opportunity you
have to make an impact.
You’ll need some equipment, but not much. More importantly,
you’ll need persistence. It takes a while to build a massive audience. And
that’s where the money is.
Advertisers pay you to run ad spots on your show, or you can
make money with listener contributions via Patreon.
Here are a few other ways to make money with a podcast.
In all honesty, it is possible to earn $10,000 per month
podcasting, but it’s not likely. Especially if you don’t have a product,
service, or digital good to sell to your audience.
Write a
Short Book
Lisa Cartwright is a writer turned author, who has
self-published numerous short books through Amazon. She now makes over $3,000
per month with residual income from her books.
Whether you have something to say, a story to tell, or a
subject to teach, you may want to consider writing books.
Before you object, just keep in mind that they don’t have to
be a certain length or style, and you don’t have to be the #1 expert in the
world.
Writing a book is not easy, but this is an especially good
avenue to take if you’re not interested in audio, video, or physical products.
Steve Scott, who reportedly earns over $40,000/month via
publishing, walks you through the process of quickly publishing and selling multiple
books on Amazon on his website.
Email People
Yes, you read that right. You can make money with an email
newsletter.
But not just any newsletter. And definitely not your typical
corporate hey-look-how-awesome-we-are newsletter.
It’s got to be valuable. Very valuable. And there are
several ways to create that value.
You can curate news and articles on a specific topic. Send
out tips on investing or managing money. Or you can even read books and email
your subscribers interesting facts along with a synopsis.
Where does the money come in?
Well, if you get enough subscribers, you can get a sponsor
or advertiser. If your content is truly valuable, you can sell a monthly or
annual subscription to your newsletter.
Farnam Street does the former with
400,000+ subscribers, while James Altucher does the latter for
$49/year.
Play With
Toys
There are companies that will pay you to review their toys.
How cool is that?
Not into toys? No worries, it doesn’t have to just be toys.
You can review just about anything.
How about starting your own YouTube channel providing
reviews that aren’t sponsored by any particular company?
That gives you free reign to review, compare and contrast,
interview your children to see what they think. Check for safety and
practicality. Not to mention the cool stuff you’ll get to see and play with,
all in the name of business.
This father and son team are making a cool $1 million per
year with their YouTube channel reviewing toys.
Yes, you can stop reading and go start your YouTube channel
now, I won’t be offended…
Oh, wait!
Before you go…
Would you like to start turning your own knowledge and skills
into a regular monthly income.
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