How can you earn $1,000 per day?
Earn $1,000 per day through side hustles which leverage your time or by selling products. Leveraging your time involves doing work once, but continuing to get paid. Examples include blogging, YouTubing, and owning websites. Alternatively, you can sell products through Amazon or Ebay, Ecommerce, dropshipping, or digital download.
Imagine, earning $1,000 per day from a side hustle you started years ago. Who needs a full-time job when you make that much money?
It is possible to earn $1,000 per day, but you have to build up to that point. You don’t start earning $1,000 per day before you’re making $100 per day.
Luckily for you, I’m going to show you some proven strategies for making $1k per day. All you need to do is pick a strategy and stay consistent with it. With enough consistency, you can work your way up to $1k days!
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How to earn $1,000 per day
In order to make $1,000 per day, you need to stop exchanging time for money. Instead, you need to find a way to separate your earnings from time. You can either leverage your time by performing work that continues to pay you or sell products.
To leverage your time, you need to find work that will continually pay you once the work is complete. For example, creating a digital download that sells 20 copies per month at $5 per copy. The one download makes you $100 per month and frees your time to make more digital downloads.
Alternatively, you can sell products that people are willing to buy. For example, you find a household cleaner that’s 40% off in-store which you can resell on Ebay for full price. There is no limit to how many products you can sell per day. However, there is a limit to the number of hours you can work in a day.Click to Tweet! Please Share!Click To Tweet
YouTubers can make money by creating awesome content centered around a niche. A niche is any topic of interest which people would be interested in. You make money by producing videos and earning ad revenue or selling products and sponsorships.
At first, you’ll want to start producing high quality content on YouTube. Eventually, you’ll reach the requirements to apply for Google Adsense. Google Adsense will allow you to place ads on your videos and make money.
Your earnings will be horrible when you first start monetizing with ad revenue. However, as your viewership increases, so does your ad earnings. Eventually, you could be earning hundreds or thousands of dollars in ad earnings.
Alternatively, you can monetize your YouTube channel through product sales or sponsorships. Some creators will design T-shirts or other merchandise and sell it to their audience. Other creators will reach out to companies and mention their products in videos for cash.
Blogging is very similar to creating content for YouTube, but you’re writing content instead. You pick a niche and create content people would be searching for. Most bloggers start monetizing through ad revenue and then earn money through sponsorships or affiliate marketing.
The hardest part about earning money through blogging is website traffic. In order to earn money, you will need visitors to your website. Therefore, every blogger should learn the basics of search engine optimization (SEO).
Through SEO, you can get an article to rank on the front page of Google. Depending on the topic, one article might bring in 1,000 website visitors per month.
Most bloggers can make $15 per every thousand visitors their website earns. Therefore, one blog post could earn you $15 every single month!
Your goal as a blogger is to get as many articles ranking for popular search terms as possible. What if you had 100 articles bringing in an average of 500 pageviews per month? You would be earning $750 per month without having to do anything else!
Bloggers can boost their income with affiliate marketing or sponsored posts. Affiliate marketing gives you a commission for referring sales to a product. Sponsored posts are blog posts that a company pays you to write.
Selling on Amazon or Ebay
Selling products on Amazon or Ebay is a good way to make money if you have the time to source products. There are many different ways to source products, but you’re finding products you can resell for profit. You list the products you find on Amazon or Ebay who take care of finding customers for you.
Some Amazon sellers shop local stores and check clearance items. Using the Amazon seller scanning app, they check the barcodes for profitability. The profit depends on many factors including sale price, cost of goods, Amazon fees, and shipping.
After you’ve found products, you can send them into Amazon’s warehouse with Amazon FBA. Whenever the product sells, Amazon ships it to your customer. Amazon handles all of the logistics and deposits your money into your bank account.
Your Amazon store will start out small. However, you will get better at selling things and buying more products to list. Eventually, you will start having $1,000 days if you get the hang of selling online.
Own or build websites
As part of your $1k per day strategy, you can purchase passive income websites. Website creators build and sell websites everyday on sites like Flippa.com. These websites range from Ecommerce, dropshipping, blogs, and more.
You can start an Ecommerce store and sell products from your website. As an Ecommerce website, you will need to source, sell, and ship products to customers. Ecommerce stores can sell one product or many products depending on their business goals.
For example, one Ecommerce store might choose to sell a private label product. Private label means someone else manufactures the product, but you put your label on the packaging.
Protein powder is a good example of Private label. You provide the manufacturer your label design and they can ship the product to your customer or your house.
Alternatively, you could start a kitchen Ecommerce store. You might attend a trade show and see if any wholesalers are willing to supply you product at a wholesale discount.
Ecommerce can be a tricky business to be in because of the complexity. Finding products to sell is hard, but you also have to find customers, ship products, and have customer support. Each task is difficult to do and may require a team.
Dropshippers find products at one marketplace and list them for sale at a different marketplace for a higher price. Whenever the item sells, the dropshipper fills the order from the first marketplace and sends it directly to the customer. The dropshipper never has to see the product.
For example, you might find a product at Home Depot online selling for $5. The same product might sell on Amazon for $8, so you list the item without having it. The item sells and you buy the item from Home Depot, but with your customers information.
In this example, you pocket $3, minus shipping and listing fees.
Sell digital products
Digital products are good to create and sell because they don’t cost anything to make. You can make a product from home with your iPhone or computer and keep the profits.
For example, you might be a personal trainer who helps people lose weight at your day job. You can take that same knowledge and create a weight loss course. The product you create sells for $40, which is considered inexpensive for a weight loss program.
The only problem is you need to know how to sell the product once it’s made. You also need to make sure it’s a product people are going to want.
Email funnel marketing
Email marketing can be a good way to earn $1,000 per day or to make money on demand. With email marketing, you are setting up a passive sales system to sell products through email. You need an email marketing service like MailerLite or Mailchimp and be willing to write consistent emails.
At first, you’ll want to pick a niche or a specific topic you like to write about. You can write about making money, weight loss, sports, or any other topic that people love or need help with.
Let’s assume you’re interested in weight loss email marketing.
Your first task is to write an email course which helps people with weight loss. Typically, the course is emailed over seven days to people who sign up for the course. At the end of the seven days, you’ll typically send an offer or something people can buy.
When done right, you’ll be able to drive traffic to the email course signup page and convert people into sales.
After people complete the course, they are added to a separate email list for your weekly newsletter. This newsletter keeps providing valuable information and keeps your email list ‘warm’ for your next offer.
You can then create more courses after you’ve figured out how to make the first course successful. For example, the first course might be on keto diet and the second on weight loss for busy adults.
Become an influencer
Influencers make money by building a following on social media and then selling products, sponsorships, or showing ads. The more followers you have on social media, the easier it will be for you to make money.
For example, you could build a YouTube channel or Instagram account. You can monetize YouTube through showing ads, selling yours or other people’s products, or getting sponsored by companies. Instagram can be monetized through sponsorships or selling products.
Invest in stocks or real estate
Stocks and real estate are good investments for turning your active income into passive income. The goal is to turn money you earn into recurring income by purchasing income producing assets.
For example, you could purchase a dividend stock with a 7% dividend yield. Assuming you buy $5,000 worth of this stock, you’d make $350 per year passively.
All you’re doing is buying income when you purchase dividend stocks or real estate. You need to have active or earned income in order to buy income. Therefore, having a side hustle or large income is beneficial for building passive income streams.Click to Tweet! Please Share!Click To Tweet
Summary: How to earn $1,000 per day with little money
As you can see, there are many ways to earn $1,000 per day. Earning $1,000 per day doesn’t happen overnight, but rather, slowly through consistent work. Your goal should be to work towards increasing your active income and then invest in income producing assets.
Most likely, you will need to leverage your time for money or sell products. Think of performing work where you can keep getting paid after you’ve done the work. Alternatively, sell products people are interested in for quick cash.
Some of the best ways to work toward $1k per day include blogging, YouTubing, Selling on Amazon or Ebay, websites, ecommerce, dropshipping, digital products, email marketing, influencing, and investing.