Are you tired of living paycheck to paycheck? Do you dream of earning a six-figure income every month? If so, you’re not alone.
Many people aspire to make $100k a month, but they are not sure how to get there. Well, you could always rob a bank and hope they don’t catch you!
But, I have made a list of legit ways. So, in this blog post, we will explore 15 top and unique ways to make $100k a month.
Content Outline
How to Make 100k a Month: 15 Best Ways
We will discuss each method, providing examples and statistics to help you get started.
1. E-commerce
E-commerce is a rapidly growing industry, with global e-commerce sales expected to reach $4.9 trillion by 2023.
According to RJMetrics, the average transaction value for top-performing e-commerce companies is $102, while for all other e-commerce companies, it is $75.
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Starting an e-commerce business can be a great way to make $100k a month. By selling products online, you can reach a global audience and generate high profits.
However, starting an e-commerce business can be challenging and requires careful planning, research, and hard work.
You’ll need to create a business plan, secure funding, find a reliable supplier, and create a website to start selling your products.
For example, Jeff Bezos, the founder of Amazon, has a net worth of over $177 billion, making him the richest person in the world.
2. Real Estate Investing
Real estate investing can be a lucrative way to make $100k a month. By investing in rental properties or flipping houses, you can generate high returns.
According to Mashvisor, the average rental income in the US is $1,743 per month, which means that you can generate $100k a month by owning just 57 rental properties.
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However, it is important to remember that the cost of acquiring and maintaining these properties can be significant. It is also important to consider the risks associated with real estate investing before you commit to the venture.
Before you invest in rental properties, you should consider the risks involved. For example, what if the property you purchase doesn’t generate enough rental income to cover the mortgage?
What if the property needs significant repairs that you didn’t anticipate? What if the market for rental properties declines and you can’t find tenants?
These are all risks that you should consider before investing in rental properties. But what if you purchase a rental property and then it turns out to be haunted by vengeful ghosts? That’s a risk you’ll just have to take!
3. Stock Trading
Stock trading can be a risky but potentially profitable way to make $100k a month. By investing in stocks, you can earn high returns if you have a solid investment strategy.
For instance, if you were to invest in blue-chip stocks such as Apple and Amazon, you could potentially make more than $100k a month if the stock prices increase significantly.
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For example, Warren Buffet, the CEO of Berkshire Hathaway, has a net worth of over $100 billion, largely due to his successful stock investments.
However, stock trading can also be a risky venture. It is essential to have a good understanding of the stock market and to research stocks before investing.
Many people have lost their investments due to a lack of knowledge or bad timing. But no matter how much money you have, you can still make a bad decision! Just ask Warren Buffet, who famously lost $1 billion in a single day due to a bad investment.
4. Consulting
Consulting can be a great way to make $100k a month if you have specialized knowledge in a particular field. By providing consulting services, you can help businesses solve problems and improve their operations.
Some of the most common problems that consultants help businesses solve include uncertainty about the future, finding new customers, retaining old customers, and financial management.
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The average consulting fee is around $100 per hour, but this varies depending on the consultant’s experience. For example, McKinsey & Company, a global management consulting firm, generated over $10 billion in revenue in 2022.
I guess you really can put a price tag on expertise – and it’s a pretty hefty one!
5. Online Courses
Online courses are becoming increasingly popular, with the global e-learning market expected to reach $325 billion by 2025.
This is due to the rise in digital technology, which has made it easier for people to access educational materials and receive instruction, regardless of their location.
Additionally, online courses are often cheaper and more convenient than traditional courses, making them an attractive option for many students.
By creating and selling online courses, you can generate a passive income stream and make $100k a month.
For example, entrepreneur Tai Lopez generated over $100 million in revenue by selling online courses on business and personal development.
6. Affiliate Marketing
Affiliate marketing involves promoting other people’s products and earning a commission for each sale. By becoming an affiliate marketer, you can generate a high income without having to create your own products.
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You’ll also have a flexible work schedule and the ability to work from anywhere. Furthermore, you don’t have to deal with customer support or shipping, as these are handled by the merchant.
For example, Pat Flynn, an affiliate marketer, and entrepreneur, generated over $2 million in revenue in 2022.
7. Digital Marketing Agency
Digital marketing is a crucial aspect of modern business, and there is a high demand for digital marketing services.
By starting a digital marketing agency, you can help businesses improve their online presence and generate high profits. This type of business requires minimal setup costs and can be run from anywhere.
Additionally, digital marketing services are relatively easy to learn, making it a great option for entrepreneurs.
For example, Neil Patel, the founder of a digital marketing agency has a net worth of over $30 million. Yeah, and he only spent $2.50 on startup costs!
8. YouTube Channel
YouTube is the second-largest search engine in the world, with over 2 billion monthly active users. By creating a popular YouTube channel, you can generate a high income through advertising and sponsorships.
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YouTube offers a platform for content creators to share their work with a wide audience and earn money from it.
Through the use of advertising, sponsorships, and product placements, content creators can monetize their videos and earn a stable income.
For example, Felix Kjellberg, better known as PewDiePie, generated over $30 million in revenue in 2022 from his YouTube channel.
9. Mobile App Development
Mobile apps are a crucial aspect of modern life, and there is a high demand for mobile app developers. By creating and selling popular mobile apps, you can generate a high income.
The most popular types of mobile apps are fitness, dating, food, music, and travel apps. There are 2.87 million apps available for download on the Google Play Store as of 2023.
There are 363,218 people employed in the Smartphone App Developers industry in the US as of 2023.
10. Dropshipping
Dropshipping is a popular e-commerce business model where you sell products without holding any inventory. Instead, you partner with a supplier who handles the shipping and fulfillment process.
By starting a dropshipping business, you can generate high profits with minimal upfront costs. You can easily set up a dropshipping business and start selling products without any capital.
Additionally, you have more flexibility when it comes to scaling your business as you can easily add new products to your store with minimal effort.
For example, entrepreneur Fred Lam generated over $20 million in revenue through his dropshipping business.
By 2031, the global dropshipping market is expected to reach $1670.1 billion, growing at a CAGR of 27.1%. In 2021, the market was valued at $155.6 billion.
11. SaaS Business
Software as a Service (SaaS) is a rapidly growing industry, with global SaaS revenues expected to reach $157 billion by 2024.
By creating and selling a popular SaaS product, you can generate a high recurring income. It’s important to create a product that solves a real problem and is easy to use.
Additionally, a successful SaaS product requires a well-thought-out marketing strategy and a strong customer service team.
For example, Salesforce, a popular SaaS company, generated over $21 billion in revenue in 2022. Another example is Slack, a SaaS product for workplace collaboration.
In just five months, the company raised $250 million as part of a funding round, valuing the company at $5 billion, a $1.2 billion increase from its previous valuation.
12. Influencer Marketing
Influencer marketing involves partnering with social media influencers to promote products and services.
By becoming an influencer or partnering with influencers, you can generate a high income through sponsored content and affiliate marketing.
This type of marketing has become increasingly popular in recent years, as it can be an effective way to reach a wider audience.
Influencer marketing can also be tailored to target specific demographics, making it a powerful tool for businesses.
But don’t be fooled – being an influencer isn’t all glamorous Instagram posts and free products!
You’ll also have to deal with a lot of annoying DM’s, haters on your comments, and sponsored content that nobody wants to see.
For example, Huda Kattan, an influencer and entrepreneur, generated over $600 million in revenue through her cosmetics business.
13. Cryptocurrency Trading
Cryptocurrency trading can be a high-risk but potentially profitable way to make $100k a month. By investing in cryptocurrencies, you can earn high returns if you have a solid investment strategy.
However, it is important to be aware of the risks involved when investing in cryptocurrencies. It is also essential to do research and understand the market before investing, as well as to have a plan for when to buy and sell.
For example, Cameron and Tyler Winklevoss, the co-founders of Gemini, a cryptocurrency exchange, have a combined net worth of over $6 billion.
Investing in cryptocurrency is like playing a high-stakes game of poker – you can win big if you make the right moves at the right time, but you can also lose a lot if you’re not careful. It pays to be informed and take calculated risks.
14. Online Coaching
Online coaching is a growing industry, with the global coaching market expected to reach $20 billion by 2022.
By providing coaching services online, you can help people achieve their goals and generate a high income.
Additionally, online coaching offers flexibility and convenience to those looking for a coach, as they can access services at any time and from almost anywhere.
Finally, online coaching allows coaches to reach more people and expand their business.
Some popular topics for online coaching include 1. Family, Dating & Relationships. 2. Self-improvement. 3. Life Coaching. 4. Business Coaching. 5. Interpersonal Communication.
For example, Tony Robbins, a popular life coach, generated over $30 million in revenue in 2022. The average revenue for an online coach is $72,436 per year.
15. Blogging
The blogging industry is a popular method for making money online, with many bloggers earning six-figure salaries.
By creating a popular blog and monetizing it through advertising and sponsorships, you can generate a high income.
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For example, Pat Flynn, a blogger, and entrepreneur, generated over $2 million in revenue in 2022. However, blogging is not an easy task. It takes a lot of time and effort to create a successful blog.
You also need to stay up to date on the latest trends and technologies to stay competitive. ASK ME (PHEW!!) – How I burn the midnight oil to earn the SIX FIGURE Income. But who said LIFE IS EASY? – and Im not complaining.
Quick Links:
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Conclusion: How to Make 100k a Month
There are many top and unique ways to make $100k a month, and the key to success is finding the right method for you.
Whether you choose to start an e-commerce business, invest in real estate, or become an influencer, it’s important to have a solid strategy and work hard to achieve your goals.
With dedication and perseverance, you can achieve financial freedom and live the life you’ve always dreamed of.
