Here’s what’s working right now for how to make 10k a month
Making more money is always a top priority, but it can be hard to know how to go about it.
Most people would love to make an extra $10,000 in a month, but they don’t know where to start or how to start.
We’ve put together this list of the 13 best ways how to make $10k a month. With a bit of effort and the right approach, you can definitely start making some extra cash and even grow it to $10k a month!
1. How to earn $10k a month by opening an Etsy shop
If you’re creative and love to make things by hand, Etsy is an excellent platform for you to sell your crafts.
According to their site, “In 2017, over $300 million worth of goods were sold on Etsy by more than two million sellers.” That’s a lot of people selling handmade items!
If you like being crafty but aren’t sure what to try and make, check out The Best Etsy Shop Ideas and How to Make Money on Etsy From Day One!
To make $10,000 a month, you must concentrate on larger or more expensive products (such as furniture or unique items). The most costly item accessible on the site is a Valentina TY beanie baby (with errors) for $20,000. Who knew?
Here are some Etsy Shop stats to showcase the potential…
- PlannerKate1 — sells stickers & organization items
- Averages 674 daily sales, with price points ranging from $.75 — $15; let’s be conservative and say the average sale is $5, so 674 x $5 = $3,370 a day
- $3,370 a day x 30 days = $101,100 a month in sales
- CaitlynMinimalist — sells personalized jewelry ( I have three pieces from this shop, and I love each one!)
- Averages 492 sales a day, with price points of $5 — $63; let’s be conservative and say the average sale is $10, so $492 x $10 = $4,920 a day
- $4,920 a day x 30 days = $147,600 a month in sales
Etsy does charge a fee for each item listed and fees for using PayPal. Check out how much you’ll be charged and figure out where your break-even point is since there are also PayPal costs to consider.
If you enjoy working with your hands but don’t know how to create anything, there is no issue! Craftsy allows you to learn how to make various crafts, and baked goods, learn photography skills, and more. Right now, they’re offering 25% off their Craftsy classes!
Once you pick the craft that you want to make and sell, you’ll want to know not just how to sell it but how to sell it like hotcakes! Check out these courses on how to get started selling on Etsy…
Or maybe, you’re a graphic design pro? In that case, here are 125 of the best digital products to sell on Etsy right now!
2. Flip items from flea markets to earn $10,000 a month
You can easily make $10,000 in a month by flipping items you find. You need to have a good eye for what sells and be good at rehab. If you want to learn more about flipping, check out our post on the 25 best items to flip for profit.
Rob from Flea Market Flipper started flipping items in 1996 on eBay, just as something fun to do. In 2015, their income was over $42,000, putting in about 10–20 hrs a week, and in 2016 Rob & Melissa now earn over $133,000 with 15–30 hours a week!
The couple says it’s common for beginners to earn anywhere from $200 — $2,500 monthly in their first year of flipping. The biggest question is how much time you have to devote to this side hustle. However, even at $500 monthly in earnings, it’s a fantastic addition to your income. You can start slowly and work up to making $200 a day with flipping!
Steps to Start Flipping
- Start thinking about what you’re an expert on (everyone is an expert on something).
- How profitable is this niche? Is it profitable enough to be worth your time and energy? If not, pick a new niche.
- What type of items do people need to do this or enjoy this hobby/activity etc.?
- Can you buy these items second-hand?
- Where do people go to buy these things? Where do they go to sell them? Find these places.
- What supplies do you need? What space do you need? (i.e., rehabbing furniture requires a large area and a truck to haul it).
- What skills do you need to rehab these items? (You can find out how to do almost anything by taking some online classes. Check out Udemy, Coursera, and Skillshare. I guarantee your topic is on one of these platforms!
- Learn how to run a flipping business. Learn from the pros! Rob & Melissa have a free webinar on how to turn your passion for flea market shopping into profits! (Plus insider secrets on how they did it!)
3. Sell printables online
Yup, you guessed it, another great online option to help figure out how to make $10,000 a month. Making money online is where it’s at these days. Besides, it’s so easy with all the tools available to you.
Making and selling printables for extra cash is such a hot niche right now, especially if you focus on the right kind of printables. Some profitable printables are…
- Kids printables — coloring, activity, etc.
- Organization — home, shopping list, cleaning list, to-do’s, etc.
- Diet & fitness planners — meal planning, trackers, etc.
You might be a bit skeptical about the profit potential of printables, but let’s dispel that myth right now. Sarah Titus makes over $4,000,000 a year selling printables on Shopify! Now, it’s taken her a handful of years to get to this level, but she was making over $10,000 a month fairly quickly.
There are a few things you’ll want to keep in mind when creating and selling your printables.
- Have an eye for design — you’ll want to know what’s trending right now. Such as watercolor designs, geometric styles, rustic styles, bold colors or pastels, etc.
- What do people need — templates, worksheets, checkoff lists, guided workbooks, kids' activity sheets, etc?
- What is your brand — know who you are and who your target audience is. Your printables should cater to this group.
Tools you’ll need to sell printables
- A design program — you can easily start with Canva in the beginning (they even have a free plan option), but as you grow, you’ll want to upgrade to more sophisticated programs like Adobe Illustrator.
- A selling platform — you’ll need a place to sell your printables. I recommend Shopify, as it’s very user-friendly and budget-friendly. Of course, you can sell on Etsy, printables are trendy, but that also means there’s a lot of competition there.
- A PayPal account (optional) — this is an easy one to do, as they are free 🙂 But you’ll want to keep your business funds separate from your personal funds. It makes things a lot easier and less messy.
Learning how to make printables
Now, I know that creating printables to sell sounds easy, but I was honestly surprised at all the small intricacies that go into it. With all of the ideas in this post, there’s the easy way (taking a course from a great teacher), and then there’s the hard way (learning on your own).
For the longest time, I did things the hard way. I didn’t have the money to spend on courses. What I didn’t realize is how much those courses save — save you time, save you frustration, save you endless mistakes and roadblocks. I WISH that I had bought more courses when I was starting out.
When I finally did get a course, creating printables was so easy! Here’s the Better Budget Workbook that I made.
If you’re brand new to printables and have no idea where to start, or maybe you’re a little bit further along in your journey, and you *have* made some things to sell…but you’re not seeing the sales you want, and you feel like it’s just too competitive out there.
I’m here to tell you that it IS possible to make good money selling digital products on Etsy… but you have to have a plan. You can’t just wing it and hope for the best.
But how do I know it’s profitable? Because Julie & Cody from Gold City Ventures have done it themselves, and we’re talking seven-figure revenue here! (that’s a lot of zeros!)
They created a hugely popular E-Printables Side Hustle course, which shows you exactly how to do what they did. This is a step-by-step guide that covers everything you need to know to get started selling printables on Etsy.
In this course, you’ll learn how to:
- Create designs from scratch in several different programs
- Research best-selling digital product ideas for Etsy using bank
- Drive sales with keyword research and our seasonal product strategy
- Optimize your time to get more products listed faster
- And so much more!
One of the best parts of the course is that they show how to make a ton of printables with over-the-shoulder videos; you get to watch it step by step (and you can make your own at the same time). It couldn’t be easier. Well, it does get easier because, in addition to showing you how to make it, they give you 20 free templates that you can use today to make your own digital products.
They also have a massive module on doing keyword research (which is one of the most important things when selling on Etsy. This step ensures that you are making what’s selling and that customers find what you’re selling when they search for a product.
Doing keyword research is a fine art, so don’t skip this step when starting your shop. If you do, you could risk spending hundreds of hours on your shop and seeing only a few sales, which can be very discouraging.
Another thing that I really liked about the course is that they go through all the legal speak when using templates, graphics, fonts, etc. As there are a ton of details you need to know about using & selling templates (i.e., commercial licenses vs. limited vs. personal use, etc.). You never want to be on the receiving end of a letter that says you owe someone $3,000 for using their content in your printables! Yikes!
The E-Printables Side Hustle Course is only open a few times a year, so if you’re interested, be sure to check it out ASAP, as you don’t want to miss the open course window! (They have a waitlist to get on, so you’ll be notified when they open the doors).
If you’re not sure if making printables is right for you (but you’re curious), be sure to check out their free workshop, where you’ll get the cliff notes (along with some great insider tips) on selling printables on Etsy. This can help you decide if this is the right side hustle for you.
Or, if you already have an Etsy printables shop and want to uplevel your offerings, you can grab their free eBook, The Seasonal Products Secret, on making massive sales with seasonal printables.
4. Become a virtual assistant and make 10k in a month
If you have any administrative or organizational skills, becoming a virtual assistant is a great way to make extra money from home. Tasks can include social media management, customer service, travel arrangements, etc.
The VA industry is booming these days, especially with the growth of small businesses, as these business owners need help but may not be able to afford to hire a full-on worker.
The average hourly rate for a virtual assistant is $21/hour, according to Indeed. But, these reported wages are for people who work through an agency, and they take a big part of the profits.
You can easily work on your own and learn how to make $10k a month in this industry. In fact, Kayla Sloane’s course, $10k VA, teaches you to do exactly that!
Her course walks you through the entire process from beginning to end. You’ll learn how to pitch and land clients, create services to offer, set your rate, create systems for efficiency, and all the nitty-gritty details in between.
One of the best things about the course is she shares with you all the templates that she uses — invoice templates, pitching clients templates, sample contracts, and even templates on what to say when you raise your rates.
She even shows you the best ways to take customer payments to quickly reach that $10,000 a-month mark!
5. Create a course on Teachable and earn $10k a month online
Try becoming a course developer for your unique talent, whether it’s painting, knitting, or learning French. This is a fantastic way to supplement your income on a regular basis.
Online courses sell anywhere from $27 — $2,000. Yup, you read that right. But the larger tickets are very involved to make — so not a quick cash option. But once you make the course the first time, you can set up a sales funnel to continually drive customers to it passively.
Platforms like Teachable make it easy for you to create and sell your own courses, which is one of the best ways to make passive income (make it once and sell it multiple times). Not only that, but they handle all of the payment processing and customer service so you can focus on producing high-quality material.
Teachable charges a 5% commission on each course you sell, and you must join their membership platform. The membership plans range from $29 a month to $200 a month, including all the bells and whistles. There is a free plan, but it is somewhat restricted.