How can you make an extra $2,000 a month?
Make an extra $2,000 per month by providing a service, selling something, or investing in assets. Customers are willing to pay money for your skills, services, or products. You can use your money to invest in assets which pay you additional money every month.
Imagine, having an extra $2,000 per month on autopilot. What if your side hustle was making an extra $2,000?
Making an extra $2,000 per month is life-changing for some people.
Luckily for you, making an extra $2,000 is easier than you think. I’m going to show you some of the best strategies for making extra money every month. These strategies are proven to work if you put in the effort.
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How to make an extra $2000 a month
To make an extra $2,000 per month, you must trade your time or money. Trading your time can be as simple as providing the service or selling a product that you make. Alternatively, investing your money into income producing assets can be a passive way of earning an extra $2,000.
The most important thing is that you find something that you are passionate about. Making money is easy when you enjoy what you’re doing.
You want to find the money-making strategy that works best for you. You may not like writing, so why would you be a blogger? Instead, you might enjoy video making and YouTube might be the best way for you to make money.
Each money-making strategy has their own strengths and weaknesses. Find the side hustle that works best for you and remain consistent. Over time, you’ll start to make money and reach $2,000 per month.Click to Tweet! Please Share!Click To Tweet
Blogging takes a lot of hard work, but it can provide income for years to come. The more people that are reading your articles, the more money you can make. Typically, a blogger can earn $1,000 for every 30,000 page views their blog receives.
Therefore, you would need to create a blog that gets about 60,000 page views per month. You can make money through advertising, sponsored post, affiliate marketing, and other methods.
The hard part about blogging is that nobody reads your content to start. Slowly over time, you can build thousands of readers every month. It takes a special kind of person to see no results but keep moving forward.
However, once you’ve written an article, that article can keep making you money. The article lives on the internet where people can read it 24 hours a day.
Virtual assistants have a very active side hustle. You are constantly performing work in order to make your $2,000 per month. Should you stop being a virtual assistant, your income also stops.
The benefit to being a virtual assistant is that you can always find work. There are plenty of online businesses who all need someone to perform assistant duties. You might find yourself answering emails, performing outreach, or any other administrative tasks.
You can set your own rates and eventually make virtual assisting your full-time gig. Some virtual assistants specialize in certain areas like social media management.
Freelance writing is a perfect side hustle for anyone that can write well. The internet is full of written content and somebody has to write the content. As a freelance writer, most beginners start earning anywhere between $0.05 and $0.10 per word.
The hardest part about starting your own freelance writing business is finding clients. However, you can make a good and consistent income once you have those clients. Most clients are flexible and can work with your schedule and workload requirements.
For example, maybe you’ll find one client and all you want to do is one article for a week. That client wants you to write a 2,000 word article every week. At $0.10 per word, you are making $200 per article or $800 per month.
As you can see, it can be very easy to start scaling to $2,000 per month. You would need to take on more clients or more work. An experienced writer can finish a 2,000 word article in one hour.
Sell products on Amazon or Ebay
Selling products on Amazon or Ebay takes an initial investment of money. However, products can sell very quickly on Amazon or Ebay which means you can make money quickly. The only problem is sourcing your products and building up to $2,000 per month.
Most people use the Amazon or Ebay app to find products they can flip for profit. Basically, you’re going to the store and scanning barcodes at the clearance aisle to see what’s profitable.Once you found an item you can flip, buy it and ship it to Amazon.
I used to sell some products on Amazon. It was amazing how quickly your products can sell.
One time I found dog treats that were selling for $1 at a local store. Those same dog treats were selling for around $9 to $10 on Amazon. Amazon takes their cut, but we could not keep the dog treats stocked fast enough.
Provide a Service
You can provide any service and make a profit at it. Maybe you’re good mowing lawns or you have a particular skill someone will pay for. Find out what the going rate is and find out who will pay for your services in your area.
It’s as simple as going around door to door to see who wants your services. Even better, get on Craigslist or Facebook Marketplace and advertise your services.
The more people you can help, the more money you’re going to make.
Sell Clothes on Poshmark
You can also sell clothes on Poshmark to make an extra $2,000 per month. There are plenty of people making a full-time income by finding clothes on clearance and flipping them. Clothes sell particularly well on Poshmark, but you can also list them on eBay.
Invest in Dividend Stocks
Dividend stocks also takes an upfront investment, but can provide long-lasting and come. Essentially, you are paying for ownership of a company that pays a cash payment. Owning enough shares of a company can provide a substantial income.
For example, you might invest in AT&T at $30 with a 7% dividend yield. In other words, every year AT&T pays you 7% of your investment for owning the stock.
However, you’re going to need a lot of money invested to reach $2,000 per month. At a 7% dividend yield, you would need About $343,000 for $2,000 per month.
Not to mention, your portfolio wouldn’t be very diverse investing in only AT&T. Investing in individual stocks is considered risky. Additionally, dividends can be suspended if a company isn’t doing well.
Invest in Real Estate or REITs
REITs or Real Estate Investment Trust are very similar to dividend stocks. The only real difference is that a REIT focuses on real estate assets. However, just like dividend stocks, you will receive a dividend payment for your investment.
Consulting is a good niche if you have a specific area of expertise. In order to be a good consultant, you need a good knowledge of a subject that most people don’t have. People will pay you for your knowledge, but you have to be good at what you do.
Maybe you are a personal trainer. You’ve helped thousands of people lose weight. Now you can do the same thing for people as a consultant.
The more value you can provide to your customers, the more you can charge. Maybe, you offer your weight loss consultations at $100 for a half hour meeting. At this rate, you would need 20 clients and spend 10 hours per month to make $2,000 per month.
The tricky part with consulting is being good at what you do. You want your customers to feel like they are getting more value than what they’re paying you. Otherwise, your customers will let you go if you do not provide them the value they are paying for.
Create videos for YouTube
Creating videos for YouTube is another good way of earning money. However, starting a YouTube channel takes a very long time to become successful. A successful YouTube channel can earn $2,000 per month or more!
In order to be successful, you need to determine who you are going to help with your channel. Maybe you are going to focus on weight loss or investing in the stock market. Whatever it is, take something that you are interested in and that other people might be as well.
You are then going to have to create content on a consistent basis. Not only do you have to produce consistent content, but it has to be good.
The longer and more consistent you are, the faster you’ll find success.Click to Tweet! Please Share!Click To Tweet
Summary: Make an extra $2k per month
As you can see, making an extra $2,000 per month is very achievable. The problem is that most people don’t want to put in the work to make the money. However, when you can stay consistent and take steps toward your goal every day, good things happen.
There are plenty of strategies available to you to make money. Do you want to do something online or do you want to provide a service for someone else? Maybe, you just want to sell products on Amazon.