For many, being able to earn a thousand dollars online per month seems like an impossible dream. However, this is far from the truth as there are countless ways you could earn a thousand dollars or more per month online. Having that amount added to whatever you earn monthly could go a long way in helping you achieve your financial goals.
Everybody wants to make money online, but not a lot of people know how to. In this article, I will list 10 ways you can make a thousand dollars per month online.
What's in this guide?
1. Freelance writing
The thing about freelance writing is that you don’t need to have a degree or experience in writing to start. Even as a beginner, you can still make money. As long as you have a good grasp of grammar, spelling and creative imagination, you’re good to go. It doesn’t take a lot to start earning money as a freelance writer, and once you gain more experience and your writing becomes better, your earning potential will go up too.
There are many different types of writing including article writing, copywriting, SEO writing and many more. Research them properly and pick the one that seems the most like your forte.
You can search for freelance opportunities on traditional job boards like Linkedin, freelance sites like Upwork, or reach out directly to websites or companies that are hiring freelance writers.
Your earning potential will depend on your level of writing, the amount of work you’re willing to put in and how much work you can find. You can charge per hour or per work depending on your preference and the requirements of your employer. According to Upwork, the average rate of freelance writers is between $15 to $65 per hour, and $50 to $500 per piece.
Also Read: Top 10 most in-demand Freelance Skills
A great way to earn passive income is by dropshipping. You can reach out to merchants and advertise their products on your website or social media accounts and earn a profit for each product you sell. With drop-shipping, you don’t need to physically have the products you sell, in fact, you probably will never see the products. All you have to do is post and advertise the products, get paid by your customers, remove your profit, send the payment to the merchant, and then the merchant will deliver the product to your customer.
If you want to make money from drop-shipping, you will have to choose a niche and source for a legit merchant. You can find merchants online or in online stores like Alibaba. Read through their reviews to ensure that they supply quality products. Nothing is worse than poor quality or no product at all reaching your customers. This will make you lose the credibility and trust you have built.
The key to earning with dropshipping is the ability to set prices. Once the merchant has given you a set price, then you can add your profit to it. Make sure your prices are not too high or too low. Setting your price too high will drive away customers, and setting it too low will make it hard for you to earn money.
Also Read: Ultimate Guide to Shopify Dropshipping
Another way to earn extra income monthly is by blogging. Many have even turned this into their main source of income. Successful bloggers are earning thousands of dollars per month. As long as you can cater to a specific niche and post interesting and relevant content, then there’s no reason you won’t be successful. Determine what you’re passionate about, and then build on it to make it into something interesting and profitable.
To make your blog into a profitable business you need to find a good blogging and hosting platform. A blogging platform enables you to write and publish your blog, while a hosting platform stores your website on a server under a unique address to enable visitors to be able to find your blog. Some blogging platforms like Weebly also host your blog so you don’t need to look for a separate hosting platform. The best blogging platforms include WordPress, Wix, Weebly, etc. The best hosting platforms include BlueHost, DreamHost, HostGator, etc. You can start a blog for free, but if you are serious about making money from blogging it’s best you pay for premium services.
It may take a while before you can start earning from your blog, but once you start receiving traffic, there are several possible ways you could earn money including ads, sponsored content and affiliate marketing.
4. Graphic Designing
Graphic designing can be a great way to earn money if you’re good at it. It isn’t difficult to learn, with a few online courses and coaching, you’d be a master in no time. It’s a fun skill to learn and one that you can use to earn money online. There are several companies out there looking for people to design their websites, logos, social media graphics and so on. Just like freelance writing, you can earn money in graphic design as a freelancer.
There are various ways you can find graphic design jobs online. You could try traditional job boards like LinkedIn, freelancing sites like Fiverr or reach out directly to companies that are hiring.
The amount of money you can earn depends on your level of skill and expertise. You can charge per hour or per work. Just make sure to evaluate your skills properly before setting a price. You wouldn’t want to value yourself too high and customers end up being disappointed in your work or value yourself too low and end up making less than your potential. The average hourly rate for freelance graphic designers is around $25 per hour according to Upwork.
Also Read: How to become a successful Graphic Designer
Bookkeeping is a great way to earn money for those with an accounting or business background. Even if you don’t have a business or accounting background, bookkeeping is not hard to learn. You don’t need any formal degree or certifications to start earning money as a bookkeeper, all you need to know is the basics of bookkeeping and how to use accounting software like FreeAgent and QuickBooks Online. There are many businesses out there that will hire bookkeepers to help with payrolls, data entry, account monitoring and transaction recording.
There are several ways to find bookkeeping jobs online. You could try freelancing sites like Fiverr, job boards like Linkedin, or reach out directly to businesses.
Your pay will depend on your level of expertise and skills. As a beginner you can earn around $11 per hour, as you build on your skills, your earnings can go as high as $25 per hour.
6. Virtual Assistant
Virtual assistant jobs have become increasingly popular in recent years. The job entails you to assist clients with administrative tasks like replying to emails, booking flights, managing reservations, scheduling appointments and performing other tasks that your client might need.
To become a virtual assistant, you don’t need to go through special training or earn certifications. The job is very simple as long as you are a good communicator, organized, and have great time management skills.
You can find virtual assistant jobs on freelance sites like Fiverr, job boards like Linkedin or by reaching out directly to companies. The pay is between $18-35 per hour according to Upwork.
Also Read: 10 Lucrative home businesses for women
If you watch videos with auto-captions you will notice that most times what they transcribe is not accurate. This is because although technology is quite advanced, it still doesn’t know how to properly transcribe human speech. This is why human transcriptionists are needed.
The work of a transcriptionist is to listen to videos and audio and type down what they hear. Almost every company and business needs this service and they pay people to do it for them.
To become a transcriptionist, you may need to take some courses to get a good grasp of the art. Just having good grammar and knowing how to write is not going to cut it. You have to properly learn how to transcribe to be able to make money from it. However, it isn’t that hard to learn. A few days’ worth of learning is enough to get you started.
You can get transcription jobs on job boards like Linkedin, freelance websites like Fiverr, and transcription websites like Gotranscript that connect you with jobs. You can also reach out directly to companies that are hiring transcriptionists. According to Upwork, the average hourly rate for transcriptionists is between $12-$22.
8. Social media manager
Are you a master of social media? Do you know the ins and outs of every social media platform? If so, becoming a social media manager is a convenient way to earn money. Businesses hire social media experts to help them manage their social media accounts and help them implement strategies to increase their popularity. You may also be required to help them promote their online businesses by running ads and implementing digital marketing strategies.
You can find social media managing jobs on freelancing sites like Upwork, job boards like Linkedin or by directly reaching out to businesses. Building connections and nurturing a good relationship with your employers will help you gain long-term gigs.
On average, a social media manager can earn between $14 to $35 per hour according to Upwork. The amount of money you can earn as a social media manager will depend on the amount of work you can take on. As long as you can deliver quality and dedicated work to your clients, your hourly rate will go up as well.
The thing about investing is that you will most likely not get returns for a long time, but when you do start earning, it is the best source of passive income. Initially, you will have to put in time and energy to research stock to find profitable ventures. After that, you can sit back and make money without lifting a finger.
To make money investing, you need to have a thorough understanding of what investing entails. Otherwise, you will lose money if you go in blindly. When investing, you need to understand the stock market (where stocks, bonds and other assets can be bought and sold), find a reliable stockbroker (who serves as a middleman between markets and investors), open a brokerage account, make research and invest wisely.
There are many financial assets you can invest in, but the most popular are bonds and stocks. When you invest in bonds, it means you are loaning the company money to start a business, and you will be paid back with interest over time. On the other hand, when a company is already established and wants to go from private to public, it divides itself into small pieces of equity called stocks that are sold to the public. To learn more about investing, visit Investopedia.
Some apps and websites can help you start your investment journey, including Bamboo, Chaka, Betterment, ValueInvesting, Finsheet, and many more.
Also Read: Investing in Real Estate: The Pros and Cons
This is the most lucrative means to earn money for students, as tutoring pays a lot. If there’s a subject you are particularly good at and have vast knowledge about, you can use that as a means to earn money. Of course, you have to be able to explain things succinctly in a way that anybody can understand.
To find jobs, there are countless websites online that help tutors connect with clients including Tutor.com, TutorMe, Brainfuse and so on. You could also find jobs online on freelancing sites like Fiverr and job boards like Linkedin.
The amount you can earn tutoring will depend on several factors including your education level, certifications, the subject you teach and the age group you cater to. According to Upwork, online tutors make an average of $20-$35 per hour.
With the right information, mindset and skills, anyone can earn a thousand dollars a month online. To be successful, you need to have a good grasp of your skills and be willing to upgrade them if necessary. It may be hard to achieve a thousand-dollar goal per month, but as you keep going it becomes easier and perhaps even effortless. When the big bucks start rolling in, you’ll realize it was worth all the effort.