You won’t make $10,000 sitting on your hands, but if you follow these tactics, you can make a lot of extra money.
What would you do if you had $10,000? Whether you’re looking for ways to pay off debt, tour the world, or simply generate money, earning $10,000 per month is quite possible if you commit to being smart and working hard.
While it’s not easy to accumulate $10,000, it’s also not as difficult as you might believe while daydreaming about how to get money. Anyone with the correct mindset may inspire themselves to earn more money, whether through a new career, a side hustle, an investment opportunity, or a mix of the three.
How can I earn $10,000 per month?
Rather than sitting around or playing the lottery, let’s look at various ways to make your dream wages a reality. It all starts with setting a goal and making preparations to achieve it.
Make a plan.
Because your aim in this case is to earn $10,000 per month, try breaking it down further into how much you should earn per day to make it less frightening. Breaking down your goal into manageable steps will help you comprehend what you need to do to get there.
With a monthly average of 30 days, you’ll need to earn approximately $333 each day, every day, to meet your target. Now that you’ve determined the quantity, you may consider how you’ll make it happen. In this case, I recommend putting on your entrepreneurial hat and determining which money-making tactics will provide you with the highest returns.
Go ahead and start brainstorming, keeping your goal in mind:
Make a strategy.
Next, plan out how you want to reach your goal. To stay motivated, make a list of everything you’ll need to do to prepare, set daily or weekly goals (or both), and measure your progress.
One method is to use a pen and paper. Write “How I’ll Earn $333 Per Day and $10,000 Per Month” at the top of your planned sheet.
Then, if you want to sell a product, write down:
- Suggestions for things you could sell
- How would you obtain the product?
- Where and how would you market it?
Alternatively, if you enjoy walking dogs, plan:
- Which service will you use? (Rover, Wag, etc.)
- How much will you charge? (if you can set your own price)
- How many hours a week would you have to work to achieve your goal?
There’s more to planning consecutive $10,000 months than this, but it’s a start. Use the technology at your disposal to help you set and track your goals. Strides, for example, makes it simple to set and track various goals.
Make a timeline.
Now that you’ve established your goal and strategy, it’s time to develop and adhere to a timetable. Without one, you may become engrossed in too many minor things, which might stymie your progress. You have a goal to complete, therefore a timeline might help you stay on track.
Depending on how you want to make money, your starting date can range from one day to months or more.
5 methods for making $10,000 every month
Earn money delivering takeout (and set your own hours!)
DoorDash compensates you for delivering food to hungry consumers. What’s more, the best part? You can be your own boss and establish your own hours. When a consumer puts an order at one of the hundreds of DoorDash businesses in your neighbourhood, including favourites like Starbucks and Chipotle, the app sends the order to Dashers who are nearby and logged in. Accept the pickup, acquire the food, deliver it, and be paid!
You get to retain the entire delivery cost, plus any tips or boosters. Dashers make between $15 and $25 per hour.
You can work as much or as little as you like. You establish your own hours, so your earning potential is entirely up to you. To become a Dasher, you must be over the age of 18, have a vehicle, and a smartphone.
Earn money by shopping on your own time
Instacart provides clients with same-day grocery delivery, and the company just announced the employment of 300,000 more Instacart shoppers to fulfil rising demand. If you enjoy shopping and having control over your schedule, this could be the perfect side hustle for you.
Signing up is straightforward, you can get paid weekly, and you can choose whether you want to shop and deliver groceries or just do the shopping. Instacart will notify you of the days that normally have the most orders, allowing you to effortlessly maximise your revenue. Have fun shopping!
Blue-chip stocks can be purchased for as low as $1.
Purchasing a stock share in a well-known company, such as Apple or Amazon, might be too expensive for many new investors.
Fortunately, due to Stash, becoming an Apple or Amazon shareholder is now more affordable. Stash allows you to purchase fractional shares for as little as $1, allowing you to own a piece of well-known companies. It also provides valuable tools and instructions to assist you in beginning to create your portfolio.
Stash will give you $5 to invest when you make your first contribution for a limited period.
Create your own website
Consider developing your own website and using it as a launchpad for a new side hustle if you have a specific skill set, such as writing, coding, or web design. Create a portfolio page to showcase your work, add some SEO-friendly language, and advertise your site and services on social media. This strategy may include some hard work on your behalf; however, if you create a large client base, you’ll be well on your way to making $10,000 each month.
Earn money by becoming certified in Facebook advertisements.
With over 2.45 billion monthly active users, it’s no surprise that Facebook is one of the most popular advertising channels for businesses of all kinds. The good news is that those businesses require assistance in writing Facebook ads and improving their campaigns.
If you want to get in on the activity, you can get certified in Facebook advertisements for free. Digital Marketer, a leading learning resource for digital marketing professionals, is offering all of its DM Lab courses for free for a limited time. There is a course for you if you want to learn about social media advertising, content marketing, email marketing, or copywriting. There has never been a better moment to learn a new skill!
How to Make $10,000 a Month: Frequently Asked Questions
Is it feasible to earn $10,000 a month?
It is possible to earn $10,000 per month with the appropriate plan and a lot of work, patience, and probably some luck. If you’re already working full-time, starting up a lucrative side hustle and making the correct investments could help you meet your monthly income targets.
Is $10,000 per month a good salary?
Yes, most individuals consider $10,000 per month to be a fair salary. If you earn $10,000 per month, your annual gross income will be $120,000. That is more than enough to live on for the ordinary person, and you will most likely be able to develop a healthy savings with that income as well.
What should you do with $10,000?
Your preferred method of investing $10,000 is determined by your financial condition. Some people may decide to invest that money (or a portion of it) in a high-yield savings account, money market account, or CD. Others may prefer to put their money in a retirement account, such as an IRA or 401(k), or in the stock market.
You won’t make $10,000 per month by watching Netflix or napping (unfortunately). However, with a strong work ethic and perseverance, there is no limit to how much you may earn by picking up a few side hustles.
Remember that if you don’t like your job or don’t earn enough money, there are plenty of other ways to get money. If you don’t succeed at first, you know what happens next! Keep going, and you’ll be well on your way to making some substantial cash.