Are you wondering how to make an extra $1000 a month online? Indeed, a side hustle can be a great way to start paying down debt, fast. So, we’ve compiled our favorite side hustles we think are best in 2020, and listed them below.
Fortunately, in 2020, there are many ways that one can easily make an extra $1000 a month online. The most common ways to make $1000 a month or more online, is to teach what you know, create something, or sell things to others.
Tutor on Skype – And Make $1000 a Month or More
Everyone has their own things that they know how to do better than others. So, why not teach it and make extra money online? With Skype, you can teach people things, no matter where you are, even on a beach! Yes, if you’re a Travel Addict like I am, and want to make more money than minimum wage, I recommend tutoring people from the U.S. or U.K. Not sure what to teach? Consider teaching English, or a skill like cooking.
Create An Online Course
I absolutely love online courses because these can be taught without you being present! Here’s how it works. Sites like Udemy and Teachable offer you a platform to upload materials (Like .pdf’s) and videos for your course. Then, you can sell them for a hefty profit! The best thing is that by creating a course online, you’ll be making money in your sleep! If your course is $100, all you need to do is sell 10 a month to make an extra $1000 a month online.
Help People on JustAnswer
Are you a lawyer, or an accountant? What about a mechanic, or a plumber. JustAnswer allows a myriad of professionals to answer peoples everyday questions. And you get paid for it! If you have high-level skills such as experience in law, medicine, or information technology, you could get paid to help others answer those gnawing questions folks might face in life.
Make $1000’s Online As A Freelance Writer
Write blog posts or stories for other people or businesses. If you have a knack for writing, you could help write for other bloggers, other websites, or even become a ghostwriter for someone famous. To get started making $1000’s as a freelance writer, you can create a profile on sites like Upwork, or Freelancer, or even Fiverr.
Write A Book or an eBook
I love passive income supplied by creating an ebook, like The Financially Independent Millennial. The book gets published on a site like Amazon (KDP), where you can create an easily create and sell an ebook. If writing comes naturally to you, writing a book costs next to nothing to produce. The best part is that you earn royalties when you sleep! While royalties on ebooks might not be high, with the right marketing, you could potentially make 4 or 5 figures a month selling books online.
Then, Make An Audiobook
Use a platform such as ACX to create and sell audiobooks on platforms like Audible and iTunes. You can even begin by creating the audiobook for the book you just wrote! Or, let’s say you can teach a difficult skill like stock trading or accounting. With ACX, you can easily make at least $1000 a month income with the right volume of audiobooks.
Sell Services on Fiverr or Upwork
Fiverr and Upwork have created two wonderful platforms to make $1000 or more online, every month. Although services start at $5, Fiverr sellers can earn $100k+ annually through upselling. Upwork sellers earn an hourly or project rate. Both platforms are review heavy, so make you do your best, each and every time. And, on Fiverr, consider becoming a Super Seller as you can increase your hourly or project rate.
Also, Upwork is a platform that allows people to hire graphic and web designers for both short and longer periods. Not only that, Upwork also provides a platform for lawyers, accountants, and other professionals to earn money. Keep in mind that you’re competing with thousands of other service providers, so making money here might take a little time.
Sell Home Made Products Online
Are you the crafty type? If so, sites like Etsy exist to offer folks like you the ability to sell homemade crafts or vintage items. Etsy is one of the online sellers offering a community for those who put their heart and soul into making home-made goods for the online market. Also, if you’re into graphic art, Etsy also gives you the ability to sell graphic work like posters that can be printed.
Sell your used smartphone, tablet or laptop on Gazelle
Gazelle offers an easy place to go and sell your old smartphone, tablet or laptop online. Whether its an iPhone or macbook, or Gazelle offers a fast, no hassle option to acquire your old goods. You’d be surprised how fast you could make an extra $1000 from your old iPhones or macbooks.
eBay or Craigslist Flipping
If you have some patience, consider flipping products from Craigslist to eBay. In fact, this is one strategy I can say I’ve made 10’s of thousands on. Here’s how it works. Scan Craigslist for items that you can ship inexpensively. Think about used items like small household appliances, collectibles, or anything else that you can easily ship. Then, check how much similar items on eBay are selling for. From experience, you can easily make $1000 a month, or even 10x that once you specialize in a certain type of product. Pro tip: Be sure to make quality videos and photos, and use that creative flair to write captivating descriptions to get the best price!
Become Someone’s Virtual Assistant
The virtual assistant industry is currently in high demand. And it makes sense. Many people are busy with their own lives and don’t care or want to do specific repetitive tasks such as booking hotels or restaurant reservations. Indeed, this is where you come in. Whether your side hustle allows for one or ten customers, you could quickly rack up $1000 a month, taking care of 10 people, virtually.
Overhaul LinkedIn Profiles
Do you have the creative flair to write resumes? To be sure, the largest social media for business networking site is LinkedIn. Fortunately (For you), many people don’t have a professional LinkedIn profile. Why not connect with folks on LinkedIn who you think could improve their profile? For example, just 10 customers a month at $100 a pop could easily make you an extra $1000 a month doing work online. Pro tip: Offer to make the first 10 for free, in exchange for a positive review. Not only will you learn what works/doesn’t work, but you’ll also have a no brainer product.
Social Media Manager
Let’s face it. Many businesses struggle with social media. Whether it’s a technical limitation, or a lack of time to regularly posting and engage on social media platforms like Twitter, Facebook, Instagram, or Snapchat. Consider reaching out to local businesses and offer to become their social media manager, for a small monthly fee. Just 20 customers paying $50/mo will make you $1000 a month. And, the best part is that you can do this from anywhere there’s an internet connection, even the beach!