Latest posts by R.J. Weiss, CFP® (see all)
- How To Survive The Next Recession - June 26, 2017
- 17 Passive Income Ideas for 2017 With Little Or No Upfront Investment - June 22, 2017
- 5 Important Money Lessons You Never Want To Learn The Hard Way - June 20, 2017
There’s hundreds of side income ideas with potential to generate hundreds of dollars a month.
Think completing surveys, driving for Uber, and tutoring.
But what about side income ideas with potential to generate $10,000 a month?
The list of ideas narrows.
A great business to start on the side is one that allows you to:
- Work flexible hours
- Control your rates
- And, earn 10K+ a month
Here are 27 of my favorite side income ideas you can start right now, even if you have a full-time job, with potential to generate $10K+.
27 Side Income Ideas
A blog is a wonderful business to own. You can earn over $10K a month, hours are flexible, it has low start up costs, and you can work from wherever you want.
With these wonderful advantages there is quite the competition. That’s one reason why a large majority of blogs don’t make their owners a full-time income.
But if income reports of successful bloggers are any proof–it is possible.
If you’re interested in starting a blog, I have a free 7-day email course: The Insanely Simple Guide To Building A Blog That Matters.
In 7 days, you’ll learn how to launch your blog the right way, from the technical side to marketing.
With this free email course, you’ll discover
- Day 1: Reasons you should (or shouldn’t) start a blog
- Day 2: How to determine what to blog about
- Day 3: An insanely simple guide to launching a blog
- Day 4: How to make your blog a profitable blog that matters
- Day 5: My best traffic tips
- Day 6: Getting the maximum results in minimum time
- Day 7: Trusted free blogging resources
Simply sign up below to have delivered straight to your inbox.
2) Freelance Writing
Six figure writers are more common than most think. We’re in a content boom. Businesses of all sizes are looking for quality writers and are willing to pay a good price.
Earning $10K a month as a writer starts with finding the right niche. Click here for a list of 200+ freelance writing niches you can choose from.
Bookkeeping can be a six-figure business. While rates start at around $20 an hour with some basic training, you can advance quickly in the field.
Earning $10K a month would require working 150 hours, which is less than full-time, at $65 an hour.
Interested,? Get the free free training: How to Start Your Own Bookkeeping Business & Earn $60+/hr in 10 Weeks Without Going Into Debt
4) Virtual Assistant
When you’re looking for success stories, try searching the phrase “six figure+your niche.”
For example, “six figure virtual assistants.”
By doing so you’ll find multiple case studies to learn from. For example, here are three virtual assistants who have taken their business to six-figures.
As with freelance writing , the key to launching a successful virtual assistant business is choosing the right niche.
5) Amazon FBA
Amazon FBA is a side income idea I’m currently pursuing with a friend.
What we’ve done so far is:
- Selected a product which was selling well on Amazon
- Found a quality supplier via AliBaba
- Had the supplier make a slight tweak to the product
- Shipped the product to Amazon’s warehouse
From there, Amazon has taken care of everything.
While we’ve launched only a few weeks ago, I’m encouraged by the sales rolling in.
6) Create Information Products
Information products can come in many forms.
For example, Making Sense of Affiliate Marketing is an e-course where a personal finance blogger shares how she’s making six figures a month blogging.
7) Become a Virtual Subcontractor
This is another side income idea I pursued that was successful.
I had a network of quality landing page designers who worked overseas. I built this up from a few years of hiring out my own projects.
So, I started taking on landing page clients myself, then subcontracting the work out to my designers.
I’d then put the final touches on.
The right client I could profit between $75-125 an hour of my time.
8) Sell on Etsy
Yahoo has an article on six-figure Etsy sellers. There are many of them.
9) YouTube Business
Six figure YouTube businesses? There are a lot of examples of them.
While YouTube allows you to share ad revenue, there are dozens of different profit models. From affiliate product reviews to selling your own merchandise.
YouTube itself has said that the number of individuals making $100K+ a year is growing fast.
10) Retail Arbitrage
In episode 99 of the fantastic Smart Passive Income podcast, husband and wife Jessica and Cliff Larrew share how they’re earning six-figures with retail arbitrage.
- Buy stuff at a discount at a local store
- Ship stuff to Amazon.
- People by your stuff on Amazon.
- Amazon ships stuff directly to your customer for you.
11) Graphic Designer
As much as we’re in a content boom, we’re in an image boom. The Internet is becoming more image friendly thanks to fast growing platforms like Instagram and Pinterest.
This is good news for those in graphic design.
Read Preston Lee’s tips for making six figures as a graphic designer.
12) Web Design
The web designers who make good money understand conversion and user experience.
The designers who understand this are few and far between.
It’s still a great time to get in.
Copywriting is the ability to write words that get people to take action.
Top copywriters can earn six figures a project, as a fee + % of revenue generated is a common model with top copywriters.
Good copywriters can earn $10K a month, as their impact on revenue can be large.
14) Marketing Automation Specialist
Businesses of all types are using marketing automation software. This allows a business to automate a lot of their marketing.
A friend of mine took a certification program provided by Ontraport, a popular marketing automation software. Upon certification he was charging $75 an hour. A few years later he’s billing at twice that.
15) eBook Writer
Self-Publishing your own eBook is a trend that’s not slowing.
Many writers are making over $10K+ a month,
James Altucher did a wonderful podcast with a writer who is earning $40K+ a month.
Advertising rates are sky-rocketing for podcasting.
Pat Flynn has a step-by-step tutorial for getting started.
17) Facebook PPC Manager
The advertising side of Facebook is growing fast and for good reason. It allows advertisers to narrow in on their target audience better than any other digital marketing platform.
It’s still very affordable compared to direct-mail. So I don’t expect the growth to slow down.
Experienced Facebook PPC managers can make up to $2K+ a month per client.
18) Google PPC Manager
This is another side income idea I’ve tried myself.
I took on local clients and managed their Google advertising campaign.
A lot of the work is upfront. Then, it’s about small tweaks going forward.
Experienced PPC managers can charge $2K+ a month. Meaning you only need five clients.
If you’re a beginner and in the right niche (IMO, local, high priced service providers like cosmetic dentists or high end remodelers are good niches), you can earn $1K a month per client.
19) Resume Writer
If you’re able to land clients 10%-20% greater salary, your value is high. And that’s just what quality resume writers can do.
20) Life Coach
The best life coaches (who typically don’t call themselves life coaches) can charge over $1K a month per client. Meaning you’d only need 10 clients to make a $10K a month.
21) SEO Consultant
This is another area many local, high priced service providers need help
Greater rankings in the search engines can be worth a lot of money to a local business. Therefore, if you have the skills, you don’t need to take on many clients as rates can be high.
22) Ghost Writer
One of the best ways consultants of all types advertise themselves is by writing a book. For many types of consultants a book is seemingly required these days.
To some surprise, many books published are not written by consultants. They’re written by a ghost writer and published under the author’s name.
Ghost writing spreads further then books. You can also write whitepapers, emails, blog posts and more under someone’s name.
23) Online Personal Trainer
A trend is personal training is to move your practice online.
You then create customized workout plans for your clients, which they perform on their own.
Some get as sophisticated as sending videos of the workout back to the trainer to critique form.
24) Video Editing
Online video is still growing. Making quality video editors in high-demand.
25) Job Recruiter
With as many job sites as there are, finding the right person is still difficult.
If you can find the best candidate, you can create a lot of value your client.
Recruiters typically get a percentage of individual they’re helping find a jobs salary. This can be upwards of 50% of the first year’s salary in specialized fields.
26) Membership Site
Provide value you can charge $100 a month for and all it takes is 100 clients to earn $10K with a membership site.
27) Affiliate Marketing
Being an affiliate marketer is like being a 100% commission salesperson.
Here your selling other businesses product and getting a referral fee.
While most think of online affiliate marketing, there are a lot of successful offline affiliate marketers as well. These people typically are selling higher priced items.