What would an extra $1,000 per month mean to you?
For many people, it could:
- Cover your rent
- Allow you to leave a job and stay home with your kids
- Accelerate your debt payoff
- Allow you save and invest more
Making an extra $1,000 per month can have a huge impact in several different ways, and it’s more attainable than you might think. Even if you already have a full-time job, there are a number of things you can do in your spare time that will give you a chance to make that much each and every month.
In this article, we’ll look at 15 different options that are flexible and offer high enough income potential to reach the goal of $1,000 per month.
One of the best ways to make extra money is to offer services as a freelancer. A service-related side hustle gives you the potential to earn a very good hourly rate for your time, and you can start making money quickly.
There are many different services that you can offer as a freelancer, and a few of my favorites include:
- Writing or blogging
- Web design
- Social media management
As a freelancer, you’ll be able to get your work done whenever it fits within your schedule, so it can be very flexible. It can also be as big or small as you want it to be. If you just want to take an extra job here and there, that’s possible. If you want to scale up and make it a full-time income, that’s possible too.
The amount that you’ll be able to make will vary based on several different factors, including the specific services that you offer. Focus on developing your skills to make yourself more valuable, and you’ll be able to demand a higher rate.
If you’re able to charge $50 per hour, which is very reasonable for freelancers in many fields, you would only need to work 20 hours per month in order to make that extra $1,000.
If you want to learn more about how to make money as a freelancer, here are a few excellent courses that are available at Skillshare (you can get free access for two months):
- Going Freelance: Building and Branding Your Own Success
- Building Your Freelance Business: From First Steps to Getting Paid
- Freelance Writing 101: Build a Successful Writing Career
Highlights of freelancing:
- Many different services that you can offer
- Start making money quickly
- Earn a good hourly rate
- Excellent potential to scale to a full-time income
2. Start a Blog
About 13 years ago, when I was looking to make some extra money, I started my first blog. That blog wound up doing quite well and I was actually able to leave my full-time job about 1.5 years later. For the past 11+ years, I’ve been self-employed as a full-time blogger.
I recommend blogging as a great way to make money because I know it has changed my own life. Blogging can be a perfect way to make some extra money on the side, and the income potential is unlimited.
One of my other favorite reasons to recommend blogging is the fact that you can start a blog on just about any topic that interests you. The work is a lot more fun when you’re writing about something that you enjoy.
Get FREE access to my course Blog Launch Breakthrough, which includes 14 video lessons that help you to start your blog on a solid foundation. The course will help you to choose the right niche, pick a blog name, get your blog set up, create a unique blog that will stand out, and much more.
Despite all of the great things about blogging, there are a few drawbacks as well. The most significant thing you need to be aware of is that building a successful, profitable blog takes time. Most bloggers don’t make any money for several months, maybe longer. If you need money quickly, starting your own blog is probably not your best option. However, if you have a long-term focus and you’re able to put in some work for a few months without the need to make money quickly, starting a blog can be a great idea and the earning potential is unlimited.
If you like the idea of starting your own blog but you need to start making money quickly, one option is to combine your blogging efforts with some freelancing. For example, when I was working on growing my first blog, I was also actively writing for a few other blogs in the niche on a freelance basis. I was able to make some money through freelancing while I was waiting for income from my own blog to start flowing, Once it did start flowing, I was able to cut back on the freelance work and focus more on growing my own blog.
Highlights of starting a blog:
- Start a blog on a topic that interests you
- Very high income potential
- Usually takes several months (at least) before you start making any significant money
- Better as a long-term approach than a way to make quick money
3. Work as a Virtual Assistant
Working as a VA is a great side hustle that could also turn into a full-time business. “Virtual assistant” is a general term and there are tons of different services that you could offer as a VA.
Many VAs offer services related to managing websites or blogs. Small business owners may recognize the importance of their business’s online presence, but they usually will not have the time or experience to handle it on their own. As a VA, you can manage it for them, make a good hourly rate, and give them great results that wouldn’t be possible without your help.
Like other freelance services, working as a VA gives you a very flexible schedule that can be done at your convenience, as long as you can meet deadlines. To make $1,000 per month as a VA, you might only need a few ongoing clients.
If you’re looking to learn more, please see my article How to Become a Virtual Assistant.
Highlights of working as a virtual assistant:
- Many different types of services that you can provide
- Start making money quickly
- Some jobs (but not all) will pay well
4. Sell on Amazon
The world’s leading ecommerce platform offers incredible potential to make money. There are several different approaches you could take if you wanted to make money selling on Amazon, including:
- Creating a private label brand
- Retail arbitrage
- Selling used items
- Selling your designs through Merch by Amazon
Like the others mentioned already, selling on Amazon can be done as a side hustle, or it could become a full-time income.
My wife and I started a side hustle selling private label products on Amazon in 2015. That business made us a six-figure profit in 2016 (while working part-time) and we sold the business in 2017. Private labeling has always been my favorite of the opportunities on Amazon, but you can definitely make money with any of the approaches, and Merch by Amazon can be very enticing because of the passive nature of it. See our Merch by Amazon review for more details about how to make money selling t-shirts and other designs.
If you’re interested in learning more about selling on Amazon, Skillshare offers an excellent series of courses by Sumner Hobart. The first course in the series covers how to do research and find products that will sell. You can get free access for two months.
Highlights of selling on Amazon:
- Several different business models you can follow
- High income potential
- Will require some time and effort before you start making money (especially if you’re starting a private label brand)
- Very competitive industry
- Most of the business models (aside from Merch by Amazon) require some form of monetary investment to get started
5. Sell on eBay
Last year I interviewed Nathan Clarke about how he is making $500 – $1,000 per month by selling on eBay, on top of a full-time job. At the time, Nathan had been selling on eBay for about a year and he was seeing steady growth in his income.
This approach involves going to yard sales, estate sales, thrift stores, flea markets, or auctions to find low-priced items that you can buy and resell. It may sound a little intimidating at first, but once you get a feel for the types of items that sell for a nice profit, it’s a relatively easy way to make money.
Flipping items is a perfect side hustle because you can hit yard sales and other places on the weekends, or whenever you’re off, and then list the items in your spare time. Some people are even able to turn this into a full-time income. Check out this free workshop to learn how to start your own profitable flipping business in 14 days or less.
You can also see my list of the easiest things to flip for profit if you want to know what types of items you should be looking for.
To learn more, see How to Sell on eBay for Beginners.
Highlights of selling on eBay:
- Find cheap items at yard sales, thrift shops, and flea markets and re-sell them on eBay for a profit
- Requires constantly finding items to flip
- Income potential is not as high as some other things, like selling private label products on Amazon.