When it comes to building wealth, I’ve also found that it’s very helpful to set ambitious goals that you can also measure.
Trying to make $10k a month is the perfect example. This is a massive amount of money; after all, $10,000 a month is $120,000 in annual income!
But I truly think anyone can achieve this sort of income. And it’s also a goal you can slowly build up to over time as you find new ways to boost your income.
So in this post, I’m covering 10 realistic ways to make $10k a month.
I’ve personally hit this milestone with some of the methods in this article, while some of the other ideas have this sort of income potential.
If you’re ready to earn more money, this is absolutely the post for you.
Let’s get to it.
How To Make 10K A Month
Many of the ideas in this post to earn $10k a month are online business ideas. This is because online businesses often have extremely high income potential, and it’s also what this blog is mostly about.
But other ideas are in-person hustles or business ideas that also have this sort of earning potential. Pick an idea or two that match your interests and skills, and then dive right in.
1. Make Money Blogging
Out of all the ways to make $10k a month, blogging is one of my favorite recommendations. And it’s something I know is completely possible because This Online World makes $10,000 to $20,000 a month or more these days.
I started blogging back in 2018. And in my first year, I only made $1,700 after hundreds of hours of work.
But fast forward to 2021, and This Online World earned $92,000. For 2022, the blog is on track to earn over $200,000.
Other bloggers I know also monetize their websites with things like sponsored posts, selling courses and products, printables, and private coaching.
Now, blogging isn’t the right business model if you want to make $10,000 fast. This is because it takes years to build up your audience for most blogs.
In my experience, it took over 4 years before I was earning $10,000 a month from blogging. But this business model is incredibly scalable, and it can easily cost under $100-$200 to get started.
As long as you learn the basics of SEO, write consistently, and stick with it, there’s no reason why you can’t find success in a variety of blogging niches.
2. Start Freelancing Online
Another realistic way to make $10k a month is to earn money online with online freelancing. And like blogging, this is also something I know is possible from my own experiences and other freelancers I’ve met.
Personally, freelance writing is how I’ve made most of my income over the last 2+ years alongside blogging.
In fact, I actually quit my marketing job back in 2020 and then started writing full-time while working on my blog every day.
What I like about selling your skills as a freelancer is that you hourly income potential can get very high. For example, I was writing for clients in the past who paid $0.15 to $0.25 per word, so a single article could easily be $300 to $500.
Write enough content like that each month, and suddenly, you’re at 10,000 dollars!
Freelance writing is just one type of freelancing you can explore as well. But there are plenty of other industries and jobs where freelancing is common like:
- Accounting and bookkeeping
- Paid advertising
- Web development
- Video editing
- Voice acting
- Virtual assistant work
Pretty much all of these fields can land gigs that pay $25 to $50+ per hour, or a lot per project.
The main downside of freelancing is that it can take time to find clients. What I’ve found helpful is to ask your network for referrals. And you can also use remote job sites or look for beginner Upwork jobs to find your first clients.
3. Social Media Management
Have a knack for growing social media accounts and capturing an audience? In that case, another way to potentially make 10k a month is to work as a social media manager.
The idea is pretty straightforward: you can make money as a social media manager by creating content for brands and small businesses to help them grow their social followings.
I’ve actually done this briefly while in college, and one of my best friends was actually making a few thousands dollars while in school by running Instagram, Pinterest, and Facebook pages for two local furniture businesses.
Of course, you need to know how to properly format content for social media, create a posting schedule, and build an audience to be good at this job.
But from my experience and what my friends have gone through, a lot of small businesses just need help with basic posting and content management. And even if you have a client that only pays $500 to $1,000 a month, you can schedule a lot of the work upfront in batched sessions.
The video above provides a pretty good overview of how to find your first social media management clients, how you can price your services, and how to keep clients.
Like freelancing, this isn’t fast money. But with a small roster of clients paying you $500 to $1,000 per month, making $10k a month is certainly possible.
4. Start A Resale Business
If you’re still wondering how to make $10k a month, you could always try flipping things for profit by starting your own resale business.
People do this all the time by thrifting things and then reselling them on apps like Poshmark to make some extra cash.
For other resale businesses, the owners purchase a wider range of popular products and then resell them online on marketplaces like Amazon FBA.
I’ve actually interviewed a couple who run a million dollar Amazon retail arbitrage business. To get inventory, they purchase discount products from stores like Walmart and Kohl’s and then resell them for a profit!
It’s clear that you can make $10,000 a month or more with this type of business. Although, the main challenge is growing your inventory and sales volume high enough to hit this amount.
But if you reinvest your earnings into more inventory, you can gradually increase your total monthly sales, working towards the $10,000 a month goal.
Just be sure to stick with popular categories that sell well, like electronics, apparel, toys, shoes, video games, and home goods. That way, you’re not sitting on inventory for too long.
5. Get A Higher-Paying Job
While it’s a simple concept, another way to make $10,000 a month is to job hop to a job so you get a salary increase.
Of course, you need to have the experience, resume, and chance to find a job that pays this much. And asking for a raise or going for a promotion at your current company could yield a similar result.
But if you’re willing to hit the job market, some jobs that pay $10,000 a month you can research include:
- Ecommerce specialist
- Software engineer
- Airline pilot
- Air traffic controllers
- Sales managers
- Financial managers
The data above is from the Bureau of Labor statistics. As you can see, there are plenty of jobs that can make $10k a month, and some only require completing a college degree and technical certification.
If you’re a fresh grad or don’t have much work experience, this path might be a bit tough with little experience. But if you’ve been working for a few years, I think job hopping is one of the best ways to boost your wealth.
6. Start An Ecommerce Business
Another idea with the potential to earn $10k a month is to run your own ecommerce business.
These are just a few examples of ecommerce businesses you can start. And while mine failed, that doesn’t mean the fundamental business models don’t work.
For example, one of my friend’s sisters runs a Shopify store where she sells clay and ceramic goods that are handmade. She has a few “exclusive” drops per year, during which time she’s able to sell out all her inventory and make excellent money.
To attract customers, she posted a lot of content on Instagram and TikTok. In just a few months, she had a pretty dedicated following who now look forward to future drops and new products.
This just goes to show how a simple ecommerce business can be very effective.
After all, if you can make and sell a product for $50, you only have to sell 200 of them per month to make $10,000.
Easier said than done, sure. But the income potential for ecommerce is immense, and you don’t have to spend much money to get started if you go down the print on demand route.
7. Make Money On YouTube
If you enjoy creative projects and want to grow an online audience, another way to make $10k per month is to make money with YouTube.
Now, like blogging or launching an ecommerce business, you won’t make fast money with YouTube.
For example, I started my channel back in 2020, and it took me over two years to pass 15,000 subscribers. The channel now makes about $50 per day, or $1,500 per month, so I’m not even 25% of the way to the $10k monthly goal.
But the beautiful part about YouTube is that the potential to go viral is always there, and it can skyrocket your channel’s earnings.
And if you post consistently, it can also be an awesome passive income source. I actually have videos from the start of my channel that still generate views and revenue every single day!
I also think a YouTube channel can go hand-in-hand with another online business or a blog. That’s been my strategy anyways, and cross-promoting my blog and channel helps each one make more money.
Again, don’t launch a YouTube channel in the hopes of getting rich overnight. But for a fun side hustle that has the potential to earn $10,000 a month or more, it’s worth considering.
8. Make Money Consulting
Out of all the side hustles I’ve tried over the years, the most lucrative one per hour was definitely online consulting.
Back in college, I actually made decent money by doing some paid marketing consulting and, eventually, running advertisement campaigns for some local businesses.
And, after I graduated, I had some SEO and recruiting consulting gigs for two different companies. One of them actually paid me about $3,000 a month, and I earned well over $10,000 from the contract.
I’ll admit, it took a long time to find these consulting gigs, and all of them came from opportunities within my network, not job boards.
But if you have specialized skills and a lot of experience, why shouldn’t you monetize them? And consulting gigs or retainers can be very lucrative since companies are willing to spend for the right advice and talent.
SEO and paid marketing have been my go-tos, but other fields like legal, HR, PR, accounting, security, and business development can all have consulting opportunities.
9. Start A Service-Based Business
Another straightforward way you can make $10k a month is to launch some sort of service-based business.
Like selling a product online, you can work backwards to find a service and price point that reaches $10,000 a month. For example, if you run a grooming business for dogs and charge $60 a cut, you have to have 166 cuts a month to reach your earning goal.
This is just one example of a service-based business you can start. Some other popular ideas include:
- Handyman service
- Dog walker or sitter
- Makeup artist or hair stylist
- Private chef or catering service
- Tech support
Websites like TaskRabbit or Thumbtack are excellent websites you can use to start promoting your services to people once you’re ready to start selling.
Of course, you can also build your own website and run paid ads or try to build up word-of-mouth to find clients. But the point is, don’t be afraid to come up with your own service and to start selling!
I mean, my good friend did this with lawn aeration for a summer job, and he was able to make decent money by just going door-to-door.
10. Rent Out Your Assets
If you want to make money on autopilot, you can try starting a rental business to start making $10k a month. In other words, you can rent out things you own for profit, turning some of your valuable assets into an income stream.
Airbnb is a perfect example of this, and it lets you turn a spare room or your property into a source of rental income.
Buying a duplex or series of rental units follows the same concept. And it’s definitely possible to reach $10,000 a month if your landlord business grows large enough.
However, both Airbnb and rental properties can take some serious capital to get started. Thankfully, there are other ways to make money renting things out like:
- Renting out your extra storage space with Neighbor
- Renting out equipment like cameras, bikes, and instruments on Fat Llama
- Renting out your RV on platforms like RVshare
- Renting out your car on GetAround
Options like Neighbor are a great starting point since you’re just renting out empty space, meaning you’re basically getting paid to do nothing. But the other platforms are still excellent ways to monetize some of your assets.
Tips For Making $10,000 A Month
Now that you know some methods to make $10k a month, I want to cover a few tips that I’ve found helpful to reach this income goal:
- Set Smaller Goals: Making $10,000 a month is a tall order, so it’s helpful to break this goal into smaller chunks that are more manageable. This could be making $100 a day in extra income, then $150, and so on.
- Diversify Your Income: I’ve found that having a few income streams has helped accelerate my income in the last few years. So, don’t be afraid to start a blog, or to try freelancing on the side, while you hold down a day job.
- Stick To What You Know Best: Writing and blogging are where I spend most of my time since my skills align well with both of them. Play to your own strengths since this increases the odds of success and is usually more fun anyway.
I hope this guide on how to make 10k a month provides some ideas and inspiration to get you started.
Personally, I’ve found that it takes a while to grow income to this sort of level. But once you begin, the snowball effect is real, and you can also start reinvesting some of your money into growth.
This has been the case for me and blogging at least, and it took much longer for me to go from $1,000 to $5,000 a month then to go from $5,000 a month to $10,000 a month.
So, play to your strengths, pick a business or hustle that makes sense, and dive right in! You might be surprised at where you end up just a few months or years later.
Looking for even more money-making ideas? Checkout:
Tom is a full-time blogger and freelance writer with a passion for side hustling, passive income, and the gig economy. His work has appeared on dozens of personal finance websites like Money Crashers, The College Investor, Investor Junkie, and more. This Online World is all about providing people with honest ways to make and save more money by using technology. To learn more about Tom, read his About Page!
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