If you have dreams of making $10,000 a month, it may not be as challenging as you think.
In fact, you only need to earn $333 per day to reach your goal.
I should warn you though (although I suspect you won't need it) – this isn't the easiest thing in the world, but it's really not that difficult either.
Instead of wishing and hoping to magically become rich, let's get going on how you can make it a reality!
The simplest way to get started is by setting a goal. That's what serial entrepreneur, Rizwan Aseem, does each time he develops a new idea.
How do I Make $10,000 a Month?
1. Set a Goal
Since your goal in this instance is to make $10,000 per month, trying breaking it down further into how much you should be earning per day so it doesn't seem as intimidating. This will help you get crystal clear on how you'll need to earn to achieve your goal.
With an average of 30 days each month, you'll need to make about $333 per day, every day to reach your goal.
Now that you've got that number sorted, you can start asking yourself how you'll make it happen. In this case, I suggest putting on your entrepreneurial cap and figuring out which money-earning ways will offer you the biggest returns.
You could sell a product on Shopify.
You could start driving for Uber or Lyft.
As you brainstorm, keep your goal at the forefront of your mind. If you want to earn $10,000 a month, this is crucial.
2. Make a Plan
Next, it's time to come up with a plan. There is such a thing as overplanning, which isn't what you want, but it's good to map out how you intend to reach your goal. It will help keep you motivated and on track.
My favorite way is to use good 'ole fashioned pen and paper.
At the top, write "How I'll earn $333 per day and $10,000 a month."
Then, if you're interested in selling a product, jot down:
- Ideas for what you could sell
- How you would source the product
- Where and how you would sell it
Or, if earning money by driving your car sounds interesting, consider:
- Who you could drive for (Uber or Lyft are two popular options)
- How many days/hours per week you would need to drive
There's more to planning consecutive $10k months, but this is a good start. Plus, you can supplement your ideas with other ways to earn extra money.
3. Create a Timeline
Now that you've got the goal and the plan, it's time to create and stick to a timeline. Without one, you may get hung up on too many small details, which can hold you back.
A timeline can help maintain forward momentum – you've got a goal and it's time to see it through!
Depending on which way you've decided to earn money, your timeline for beginning can vary from one day to months or beyond.
Here's a List of Ways to Make $10,0000 a Month
1. Get Paid to Drive Your Car
If you enjoy the freedom of creating your own schedule, signing up to drive with Lyft can be a great way to make extra money. Keep in mind, to be eligible, you'll need to be at least 21 years old, have a car to drive, have three years of driving experience, an in-state driver's license, clean driving record, and pass a criminal background check.
Driving for Uber is another great option. The amount you can earn depends on factors like where you live, how often you drive, the time of year, and so on.
2. Host a Guest in Your Spare Room
Got room to spare? You could earn seriously generous income by signing up as a shot for Airbnb.
Whether you decide to make your space available year-round or for just a few weekends throughout the year, you'll have complete control over your home and 24/7 support from Airbnb.
3. Open a Shopify Store
If you have your sights set on starting an e-commerce business, Shopify is a fantastic option.
4. A Unique Alternative
This income-earning opportunity is a unique way to earn money.
For as little as $500, you can get in on the ground level of real estate investment opportunities from online platforms such as Fundrise. It's easy to use and you can access your account online for free 24/7.
Earning $10,000 a month can be challenging but totally doable. If one idea doesn't work out, try again. And again. With hard work and a strong sense of determination, there's no limit of how much you may be able to earn.