Since you are here, you are most likely an ambitious person with an entrepreneurial mindset wondering how to make 10k a month. In this page, we will offer you specially selected ways, some of which are easier, others – more difficult.
But, all of them, no matter which one you choose, with enough work, desire and persistence will surely make your 10k per month a reality with the potential to scale up your income even more!
How to make 10k a month?
There are quite a few ways to earn 10k per month. The path to earning such an amount is usually not easy and fast, but with enough dedicated time, desire, persistence and work, earning them will become a fact! Choosing at least one of our specially selected ways will surely help a lot and make it a reality.
In This Article ⤵️
- Build an Online Business (E-commerce Store, Start a Blog, Freelance Services)
- Diversify Your Income Streams (Affiliate Marketing, YouTube Channel, Mobile App Development)
- Create and Monetize Digital Products (Online Courses, E-books and Digital Guides)
- Make 10k a Month Investing (Rental Properties, Dividend Investing)
- Final Words
1. Build an Online Business
Building an online business is definitely one of the best ways to achieve financial success and independence in 2024. Here are our 3 top picks:
E-commerce Store
- Earnings: $10,000+ per month, great potential
- Difficulty: Medium to High
Building an e-commerce store involves creating an online platform to sell products or services. This business model offers the potential for high monthly earnings but requires thorough planning, market research and effective execution.
To start an e-commerce store, you need to identify a niche market and select products or services that align with that market. Conducting competitor research, analyzing consumer demand and ensuring a unique value proposition are crucial steps in the planning phase. Once you’ve determined your product offerings, you’ll need to set up your e-commerce website, leveraging platforms like Shopify.
Designing an attractive and user-friendly website, optimizing product listings with compelling descriptions and high-quality images and implementing secure payment gateways are essential for providing a seamless shopping experience. Marketing and promoting your e-commerce store are vital to attract customers.
Using digital marketing strategies can help increase your store’s visibility and drive traffic. Providing exceptional customer service and offering competitive pricing are key to ensuring customer satisfaction and repeat business.
Starting a Blog
- Earnings: $200 – $10 000 per month
- Difficulty: Low to Moderate
Every single person knows and understands something that a lot of people have no clue about, right? That’s the reason why blog websites are trending right now – it’s giving people the opportunity to start an online business from home and make a living by sharing and writing about a niche they know and understand pretty well.
Starting a blog is a great decision especially for young people who have a lot of time and want to start a business on their own. To start a successful blog, it’s important to choose a niche you understand or have the desire to learn and start understanding. You will need to be consistent, willing to spend time and patient, because this is not a quick win method.
But, it is a legitimate one and after enough time and work, your financial success is guaranteed. Another very important thing is to choose the right hosting. It should be convenient, fast and facilitate your work as much as possible. The best one is definitely 10Web, why – because it will create your professional website in just minutes with the power of AI!
Not only that – it also offers an automatic perfect pagespeed score, which will drastically improve your traffic and SEO, a WordPress installation and personal AI assistant for everything! You can check our full guide on how to create your blog with 10Web.
How To Create Your Website With 10Web – Meet The Powerful AI Website Builder
Freelance Services
- Earnings: $2,000 – $10,000+ per month
- Difficulty: Moderate
Starting a freelance business allows you to use your skills and expertise to offer services in various fields. Great thing about freelancing is that it provides the flexibility to work with multiple clients and earn a big monthly income, even more than 10k a month.
To succeed as a freelancer, it’s important to build a strong portfolio that showcases your work and attracts potential clients. You can create a professional website or join freelancing platforms like Upwork and Fiverr to find clients and secure projects.
Initially, you may need to offer competitive rates or take on smaller projects to establish your reputation. However, as you gain experience and build a solid client base, you can increase your rates and take on higher-paying projects.
2. Diversify Your Income Streams
The ways presented below can be a great way to achieve making 10k per month, or even add income on top of the 10k. Besides being a diversifier, they can also be your side hustle with the potential to eventually replace your main source of income!
Affiliate Marketing
- Earnings: $1,000 – $10,000+ per month
- Difficulty: Moderate
Affiliate marketing is a popular method of earning passive income by promoting products or services and earning a commission for each sale or action generated through your referral. It’s one of the best ways to monetize your blog too.
To start with affiliate marketing, choose a niche that aligns with your interests and/or expertise. Let’s say you have a blog website about fitness – the best affiliate programs you should consider are ones that are related to the niche of fitness and healthy life.
For example, you can promote training programs, diet books and way more. Affiliate marketing can make you great money and make 10k a month for you and way more easily, with great and consistent promotion. Promoting through your blog is a great choice and your income will increase significantly!
How To Do Affiliate Marketing Without Showing Your Face
YouTube Channel
- Earnings: $1,000 – $10,000+ per month
- Difficulty: Medium to High
Creating and monetizing a YouTube channel can be a very profitable venture if you start creating good video content that attracts a decent audience. Identify a niche or topic that you are passionate about or willing to learn about and has a target audience.
Research and analyze popular keywords and trends within your niche to create content that is in-demand. To build a loyal subscriber base, you should consistently upload high-quality videos and engage with your audience through comments and community interactions. Collaborations with other YouTubers in your niche or participation in sponsored content opportunities is great to expand your reach.
Once you meet the eligibility requirements, apply for the YouTube Partner Program to monetize your channel. This allows you to earn revenue through ads displayed on your videos, channel memberships, merchandise shelf and Super Chats!
Mobile App Development
- Earnings: $5,000 – $10,000+ per month
- Difficulty: High
Developing and monetizing mobile apps can be profitable if you have programming skills or can collaborate with developers to bring your app ideas to life. Design and develop a user-friendly and engaging app that provides value to users.
Pay attention to app store guidelines and user experience best practices to ensure your app meets quality standards. Consider different monetization strategies for your app, such as in-app purchases, subscriptions and display advertising.
Analyze the behavior and preferences of your target audience to determine the most effective monetization model for your app. Promote your app through app store optimization techniques, social media marketing, influencer collaborations and/or digital advertising.
Great thing to do is to encourage user reviews and ratings to improve your app’s visibility and attract new users. Regularly update and improve your app based on user feedback and app performance metrics. Also, pay attention to user retention and engagement metrics to optimize your app for long-term success.
3. Create and Monetize Digital Products
Digital products are simply the future. This is a fast growing niche and more and more people are making good money from businesses related to creating and selling such products. Here are our top 2 picks:
Online Courses
- Earnings: $1,000 – $10,000+ per month
- Difficulty: Moderate to High
Creating and selling online courses is an awesome way to monetize your knowledge and a stable way to start making 10k a month. Take advantage of your expertise and skills and you can package them into comprehensive online courses and sell them to a global audience.
To create a successful online course, start by identifying a specific topic or skill that you excel in and that has a market demand. Conduct market research to understand the needs of your target audience and identify what unique value you can provide.
Organize your course content into logical modules or lessons and consider incorporating various formats such as video lectures, written materials, quizzes, assignments and/or interactive elements to enhance the learning experience.
A good decision will be investing in high-quality production equipment and software to create professional-looking video and audio content. Additionally, ensure that your course materials are well-structured, easy to follow and provide actionable insights to help your students achieve their goals.
Selecting the right online course platform, such as Teachable, Thinkific or Udemy can simplify the process of hosting and delivering your courses. These platforms offer features like payment processing, course analytics and a built-in student community, making it easier to manage and scale your online course business.
Freelance Digital Marketing – Start a Successful Career (In 2024)
E-books and Digital Guides
- Earnings: $500 – $10 000+ per month
- Difficulty: Low to Moderate
Creating and selling e-books or digital guides allows you to share your expertise in a written format and generate passive income. The potential to scale up to 10k per month with this business idea is huge – some people have reported earning even 6 figures in a single day! Start by identifying a topic or niche that aligns with your expertise/willingness to learn and has market demand.
Conduct thorough research to ensure that your content offers unique insights, actionable tips or valuable information that readers can find compelling. Write and format your e-book professionally, ensuring it is well-organized and visually appealing.
Consider including images, charts, or graphs to enhance the reader’s experience. Choose the right platform to self-publish your ebook, such as Amazon Kindle Direct Publishing (KDP), Apple Books and Smashwords. These platforms provide the tools and distribution channels to make your ebook available to a huge audience.
4. Make 10k a Month Investing
Investing is a well-known way to make money and it almost always ends in success sooner or later. But still it is not easy and it requires some capital, knowledge and there is risk. Here are our top 2 picks:
Rental Properties
- Earnings: $5,000 – $10,000+ per month
- Difficulty: High
Investing in rental properties can be a profitable avenue for generating passive income and an exciting path to start making 10k a month. By purchasing properties and renting them out to tenants, you can earn monthly rental income while potentially benefiting from property appreciation over time.
To succeed in rental property investing, thorough market research is essential. You need to identify areas with high rental demand and favorable rental yields. Analyzing property values, vacancy rates, rental rates, and potential rental expenses such as property management, maintenance and insurance is crucial before making a purchase. Managing rental properties can be time-consuming, especially if you choose to self-manage.
Dealing with tenant inquiries, collecting rent, handling maintenance requests and ensuring legal compliance are important aspects of property management. Alternatively, you can hire a property management company to handle these responsibilities for a fee, allowing for a more hands-off approach.
Proper screening of tenants, including background checks and reference verification is crucial to mitigate the risk of non-payment or property damage. Creating solid lease agreements and enforcing rules and regulations is essential for a smooth and profitable rental operation.
Dividend Investing
- Earnings: $500 – $10 000 per month
- Difficulty: Low
Dividend investing involves purchasing stocks or funds that distribute dividends to shareholders. Dividends are a portion of a company’s profits paid out to shareholders as a return on their investment. To generate passive income through dividend investing, you need to research and select companies or funds with a history of consistent dividend payments.
Look for companies that have a stable financial track record, strong cash flows and a commitment to regularly increasing dividends. Dividend investing can be done through individual stock purchases or investing in dividend-focused exchange-traded funds (ETFs) or mutual funds.
Diversifying your portfolio across different sectors and company sizes can help mitigate risk and provide a more stable income stream. Reinvesting dividends back into your portfolio, rather than cashing them out, can help accelerate the growth of your passive income over time through the power of compounding.
Regularly reviewing your investments, assessing dividend growth trends and staying updated with company news and financial performance are important for making informed investment decisions.
How To Make Money Online as a Beginner
Final Words
Focusing on one, or getting involved in multiple of our awesome ways to make 10k a month will almost guarantee a bright financial future for anyone. But, regardless of how good a business model is, it’ll always require a lot of work, dedication and time.
That’s why you must create a business plan and remember – never set too high of expectations from yourself. Yes, there may be a small minority of people which make it to 10k a month relatively fast and easier, but you expectations must be that you’ll make it after couple of years at least.
Your entrepreneurial journey will take time and a lot of effort, but the consequence is almost always positive. So, don’t waste any more time, choose the best online business for you, start grinding on it and enjoy the fruits of your labor eventually!
