It can be tough to make ends meet, especially if you’re living paycheck-to-paycheck.
If you’re looking for a way to bring in some extra cash each month, here are a few ideas to get you started.
Depending on your skills and interests, there are plenty of ways to make an extra $1000 a month. So take a look and see what might work for you!
Table of Contents
Why is having an additional source of income necessary?
This is probably the best question, and if you are reading this article, then it’s something that is on your mind.
So first, let’s have a look at why it is so important to have an additional source of income?
Let’s start with the basics.
You go to work every day, Monday through Friday or Saturday, for most people who have a 9 to 5 job. And you make a decent living, right?
But if, for some reason, you lose your job, what would happen?
There is certainly no way that you could keep your current standard of living without that steady stream of income coming in each month.
You might have to sell your car or your house and downsize, and this is certainly not a fun position to be in.
It’s scary, and the first few days will be tough, but eventually, if you stay positive and keep your mind steady, then you could find a new job quickly.
This is where diversification of income would help. As Warren Buffett says, “Don’t put all your eggs in one basket.”
You need to have a backup plan.
It might sound difficult to find the time to make an extra $1000 a month, let alone put away money for a rainy day.
But in this article, we talk about some of the easiest ways to do so.
10 Ways to Make an Extra $1000 a month
1. Uber Eats
You can easily register yourself on Uber eats, and it’s a great way for students who are still living on campus to make some extra cash.
The best thing about Uber Eats is that you can work at anytime of the day and as many hours as you want.
2. Do scientific research
Almost all scientific research organizations pay volunteers big bucks to test out their drugs and procedures and monitor their effects and side effects before they go into clinical trials with humans.
If you like science and biology, this is a good option that requires only your time – nothing else – as remuneration is usually in the form of cash or kind based upon your role.
But for this, you must have some scientific background or a degree related to this subject.
3. Blogging
Blogging is a great way to make an extra $1000 a month.
You can easily set up a blog and start writing about anything you want. It’s not as hard as you might think it is. Just remember to write for your audience and try to build an online community around your topic of choice.
You can monetize your blog using native ads networks or through selling banner space on your site. There are plenty of other ways by which you can generate income from blogging, but it takes a lot of time to learn the ropes before making any considerable amount of money from these platforms. So be patient and keep at it!
Another great way to monetize your blog is using Amazon affiliate links; you can promote relevant products on your blog and then take a few percent of the sales that come in through these links.
This is just one example of monetizing your blog, and there are countless other ways to do so. So don’t give up if you do not see any results initially.
4. Selling used stuff online
This is one of my favorite ways of earning extra cash because it’s simply really easy to do.
All you have to do is go on a few websites, like Craigslist or Letgo, and list stuff that’s of no use at your home.
It could be anything from furniture to clothes to games and gadgets. Just make sure it is in decent enough condition so that people accept it without too much hassle!
You can add a few more items if they seem good enough, but don’t add junk; otherwise, no one will buy them.
You want to make sure there is some margin in each item when sales are made later on.
Additional Tip
If you don’t have junk at home, another way is to purchase items, repair them, polish them and sell them right away for a greater amount.
This method works like magic for flipping real estate.
5. Start Print On Demand Business
Starting a print-on-demand business is really an easy way to reach the $1000 mark. All you have to do is find a good niche that suits your skills and expertise.
There are plenty of print on demand marketplaces available that help you sell your products online without having to worry about the logistics.
These sites allow you to upload designs, artwork, and other creative content for people to purchase it from you on a per-item basis.
The great thing about this business model is that all the hard work has already been done by the site owners, so all you have to do is add beautiful creative designs in front of hungry consumers!
The site owners will print and ship the products themself for a small fee.
6. Become an Online Tutor
If teaching is what interests you, then consider becoming an online tutor as well!
There are many websites that offer tutoring services. Some of them are Chegg, Tutor, Studyblue, and Siyavula for South Africans.
You just need to register on these sites and create a profile that highlights your expertise in the subject you’re willing to teach!
It’s really simple to set up this business model because all you have to do is find someone who needs help with some particular topic.
Then you can charge any price depending upon the time frame of the lessons or course duration.
Becoming an online tutor is one of the most lucrative ways of earning money in very little time.
7. Start Youtube Channel
Starting a youtube channel is almost free of cost.
If you have a good mobile phone, its camera is sufficient to kickstart your journey towards a successful Youtube channel.
Once started, there are several ways in which you can monetize your youtube channel. The first one is via ads which you can run once you have 1000 subscribers and 4000 watch time hours.
Once you have gained traction, you will have dozens of companies willing to sponsor you to get featured in your video.
How to start a Youtube Channel?
Making a Youtube channel is really easy. You just need to create a Google account on Youtube, name your channel and pick up a cool display picture for it.
Then you just have to upload some beautiful media content that highlights the knowledge of your expertise or experience in front of more than 5 billion active users waiting to consume what you have to offer!
Youtube does have some requirements before it starts paying you as mentioned above.
Once you reach those requirements, you can easily connect your AdSense account and start making money.
There are many other ways you can monetize your youtube channel. Some of them are
- Reviewing Products
- Getting Sponsors
- Creating live polls for companies.
8. Become a Freelancer
If finding and working with clients interests you, then you should consider becoming a freelancer.
The best part about freelancing is that you’re your own boss, so there is no one looking over your head or watching the clock. You choose when to go to work and how much effort to put in.
There are few popular freelance marketplaces where people list their services, such as Fiverr, Upwork, Guru, etc.,
You just need to sign up on these sites, read reviews of each freelancer listed there and try to make a profile better than them.
This way, you’ll start getting offers and work immediately. There is no limit to the amount of money you can earn as a freelancer; it all depends on how much time and effort you put in.
Some tips while working as a freelancer
1. Always finish your work on time.
One of the biggest problems people face when they start freelancing or working from home is meeting deadlines; you need to understand that you’re not the only one who has this problem, and everyone will be looking at you to get a task done!
When people don’t get their tasks done in time, they lose the trust of their clients and eventually end up losing them forever.
2. Make a schedule for yourself:
After you get an offer from a client, always try to plan out how much time it’s going to take for you to complete each part of the project. This way, it’ll become easier for both parties involved in completing the project within budget and deadline, respectively.
3. Always communicate with your client:
The success of your business is directly proportional to the way you communicate with your clients.
If they like the idea of working with you, then there is no reason why they shouldn’t work with you again.
Always try to meet them on time and make timely updates about the progress of the project. This will help both parties stay in the loop.
9. Start an Online Store
When we talk about online businesses, it’s impossible not to mention e-commerce stores that are flooded with thousands of options for buying and selling products all over the world!
The beauty behind running an online store lies in its level playing field. Anyone from anywhere around the globe can start a business to sell any product they wish. This provides a great opportunity for people who want to make a good passive income every month!
Since only a laptop or computer is required for this business model, along with knowing how to sell products.
All your expenses are low, and you can make the entire process online by yourself without any intermediaries.
So there is no reason why you shouldn’t start selling products online!
10. Start Lawn Care Service
There are thousands of sites listing lawn care services, so you don’t have to worry about the competition because you can start this business with less than $100.
You just need to develop an efficient system so that your customers come back again and again!
The best part about starting a lawn care service is that it provides great health benefits because all you’ll be doing is working outdoors for hours!
This will help keep stress levels down, improve your overall life quality without burning too much cash.
So now that you got the idea of how easy it is to start earning money online, now it’s time to take action!
Tools required to start a lawn care business:
1. Lawn Mower.
2. Grass Cutting Scissor
3. Raking & Sweeping
4. Edging Equipment (Shovel, Broom, etc.)
5. Blower/Vacuum
Keep one thing in your mind, never go for cheap tools. Those cheap tools gonna affect the quality of your work, as well as they, will be useless soon.
Invest once in good quality tools which you can easily use in your workflow. And believe me, you are not gonna regret this decision as these good tools will increase your productivity and save you a lot of time.
Conclusion
You might be surprised to learn that there are plenty of ways you can make an extra $1000 a month without much effort.
If this sounds appealing, take some time to explore the different options listed above and see what one fits your lifestyle best.
The key is finding something you enjoy doing so it doesn’t feel like work! Which option appeals most to you?