People often have plenty of money. They frequently lack originality. This viewpoint makes it obvious that how to make £1000 a month is entirely dependent upon you and your thinking. I think you should train your creative muscles every day. The same inventiveness that can be used for everything else can also be utilized to earn money.
You can genuinely transform the financial landscape around you if you pair it with a mindset that rewards activity and risk-taking.
It was developed by us to demonstrate to you how to profit from 13 ground-breaking passive income concepts that generate $1000 or more each month for us.
1. Freelance Writing
I’m going to start with a technique that I hold in the highest regard. I initially started earning money seriously through freelance writing while I was a college student, and I still believe it’s a fantastic thing to pursue if you have writing talents.
Many businesses require written material, such as blog entries, video scripts, website text, and others. Additionally, they’re eager to pay; a new author may easily charge $50 for an essay.
2. Coaching and Consulting
One of the quickest ways to start generating an extra £1,000 per month is by offering coaching or consulting. Consider yourself a problem-solving machine in this situation. The greater value you can impose depends on how well you can resolve other people’s issues. Only results-based value is worth paying for to consumers.
In essence, you are exchanging one intangible asset (your knowledge and expertise) for another in this manner (extra money or whatever). Coaching and consulting can be provided on a personal or professional level, but they call for significantly distinct skill sets.
3. Become a Virtual Bookkeeper
One of my favorite ideas for a side business (or full-time business) is to work as an online bookkeeper. I may be partial because it has been on my list of potential business ventures for some time.
I adore the thought of assisting small company owners in keeping track of their finances and organizing their books. Most business owners start out because they are enthusiastic about the goods or services they are providing. However, they might not be all that enthusiastic about handling the day-to-day operations of the company.
Additionally, you may charge $60 to $80 per hour or more by catering to a specific market (like real estate investors or internet company owners, for example).
4. Survey Sites
One overlooked technique to earn additional money is through doing surveys. People frequently disregard them as a possible source of income since they don’t pay large sums. However, they do offer one significant benefit over many other options. You may finish them whenever, anywhere, and frequently when you’re engaged in another activity. How many more options are there to generate money while watching TV?
Surveys often pay between 50p and £1. The survey location and the amount of time you have both have a role in this. However, try to look at the overall picture rather than how much a particular survey pays. You can nearly always make money with little effort.
5. Graphic Design
Not only do businesses need textual material, but they also frequently require visuals, drawings, logos, personalized slide presentations, and other graphic design elements. This can be a terrific method to generate money if you’re creative or like design.
Starting a freelance graphic design business follows similar procedures to starting a freelance writing business. For jobs, you may look on Upwork, Fiverr, or even 99designs. As an alternative, enquire around campus to see if anyone requires design assistance. Making logos and business cards for people might be a very profitable place to start.
6. Blogging
One of my favorite methods for making $1,000 a month is this one. As long as people still read newspapers, blogs will continue to be read and have a purpose. When you consider it, there are two qualities of blogs that stand out as being really unique:
- Being the traffic
- Controlling traffic
Traffic is the money, and if you know just how, you can turn it into income.
The standard excuses used by the lazy people out there include “I’m not excellent at writing,” “Where would I start?” “I’m not a great storyteller,” and so forth. Again, I’ll say these are silly excuses. You become good at things by doing them many times.
7. Credit Card Rewards
I’ve previously written about how credit card incentives help us earn $2,000 annually. Numerous credit cards provide substantial sign-up incentives (such as the $1,000 bonus presently being offered by the Chase Sapphire Preferred).
When you use your credit cards for everyday purchases, you may make a respectable amount of money each month between the initial bonuses and continuous cash back for purchases (often 1-2%).
It should go without saying that incentives from credit cards are NOT worthwhile if you have a debt and must pay between 15% and 20% in interest.
8. Web Development
Nowadays, having a website is a must, yet a lot of companies and people still don’t have one. Anyone with web programming expertise can take advantage of this fantastic opportunity to earn a substantial income.
But what if I’m not tech-savvy and can’t build a website? Now that you have read our advice, you have no justifications. You can construct stunning, useful websites for just about anyone with the help of a few Skillshare web-building lessons combined with this knowledge.
9. Create a Podcast
Today, almost anybody may participate in something that is quite similar to blogging. The first obstacle that most individuals encounter when they consider podcasting is that they begin to consider the necessary equipment.
So, I have some incredible news! Fantastic software that enables you to start your own podcast and broadcast it to iTunes directly from your phone was developed by the clever people at Anchor.fm. I am very thrilled to be launching my own podcast shortly. Although podcasts demand time and work, you can do it too. However, it might be financially life-changing if you’re sincere about wanting to serve your audience.
10. Virtual Assistant
Making additional money as a virtual assistant is another excellent area to begin your side hustle career as a novice. Depending on your skill set, there are many different areas within this fairly wide category where you may specialize.
The functions of a virtual assistant are about everything you can imagine! Business owners require assistance with a variety of duties, including email, phone support, marketing, etc. Generally speaking, you may earn more money the more you can specialize in a certain ability.
11. Become a delivery driver
Being a delivery driver can be the perfect job for you if you’re searching for some reasonably consistent employment but don’t want to be locked into a protracted contract. Additionally, there are other possibilities.
Working for a firm like Just Eat or Uber Eats can be excellent if you’d want to work more flexibly when it suits you. You may browse through the jobs on an app and accept the ones you deem to be the most valuable.
Alternatively, you may apply for a delivery position at a nearby takeout joint. Typically, you will need to devote many hours of your nights to this.
12. Audio Transcription
Although voice recognition technology is improving daily, it is still not particularly good at the transcription of genuine human speech. Because of this, there is a need for qualified audio transcriptionists.
Audio-what-tionists? You just listen to a tape while transcribing it into a word document. This service is required by a variety of businesses and individuals, and they are prepared to pay.
13. Selling on eBay
Are you skilled at locating bargains? Do you enjoy searching thrift shops and estate sales for undiscovered treasure? If this is the case, reselling on eBay (or another online marketplace) could be a terrific method to earn some additional money. You may work on your own terms with this side business, which is also quite flexible.
You only need a source of potentially valuable products to get started, such as from a garage sale, thrift shop, or even Facebook Marketplace. Then you sell these products for a profit by flipping them.