If you’re wondering how to make $100k a month and you landed on this page in pursuant of the real ways to make this a reality, you’re certainly on the right page. Earning 6 figures a month is a realistic goal.
But then, it’s not every vocation you acquire or every business or every self-employed job that can get you to $100k a month. If you want to make up to 6 figures in one month, this article highlights 13 self-employed jobs that can really get you there.
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From starting a laundromat of your own to engaging in affiliate marketing (which is entirely free to start right away), you can definitely generate much more than $100k in one month.
Let’s dive.
How to Make $100k a Month: 13 Real-life Methods
Flip Houses
In reality, flipping houses is one of the best ways to make $100k a month. It’s not a free idea on this list and you must be very conversant with the way you can do this effectively and efficiently. House flipping is more about acquiring and renovating properties, and then reselling them.
Of course if you must make $100k a month from flipping houses, then we’re talking about houses worth millions of dollars.
Let’s say you acquire a property worth $3 million, and you sell it off within a month at $3.5 million (after renovation costs of about $200k), this means you’re left with a gross profit of $500k, but an actual net of $300k (which is $100k in three months).
You might get deals like this one in 2 months and sometimes every single month if you’re deep into the house flipping system.
Or some real estate tycoon. If you’re just starting out, then you can acquire properties worth under $10k and flip them to get a couple thousand dollars in profit. House flipping takes time, and patience.
But with a lot of experience, you can get things done quicker.
Get a High Paying Job
I’m not a huge fan of working 9 to 5 or getting a job, but then if your goal is to make $100k in a month, then getting a job, a high paying job, is one of the many ways to make this happen.
Just about any job won’t earn you $100k.
In fact, only the best jobs in very significant economic sectors and those dealing in humanities and human (mind) development can earn you a lot of money.
Getting a job paying over $100k, this means you’ll definitely earn much more than $1.2 million in a year. But you’re not getting 100% of the money to yourself after taxes.
Some of the best jobs that can get you to $100k a month include:
- Lawyer | Salary: $126,930
- Information Security Analyst | Salary: $103,590
- Nurse Practitioner | Salary: $111680
- Business Operations Manager | Salary: $103,650
- Physician Assistant | Salary: $115,390
- Medical & Health Services Manager | Salary: $104,280
- Computer Network Architect | Salary: $116,780
- Actuary | Salary: $111,030
- Software Developer | Salary: $110,140
- Optometrist | Salary: $118,050
- Psychologist | Salary: $105,780
(Source: Money.usnews.com)
These are obviously some of the highest paying jobs on the planet. But then, as an entrepreneur, you can earn much more than these figures. One good thing about salary jobs is that you don’t need to be patient with them to earn big.
If the salary is huge, you get paid when it’s due time. For some of them, especially jobs earning you over $500k/month, you earn based on commissions; which is proportional to how much effort you put into landing new clients and sealing new deals.
Start a Blog
Shockingly, blogging is one of the self-employed jobs that can earn you much more than $100k a month, and even up to $10 million dollars a month. Yes, no mistakes. $10 with 6 zeros attached. A couple of blogs make so much money.
Some include TechCrunch, Moz, and Copyblogger.
But then, these blogs didn’t reach success overnight.
They started from the very scratch and scaled to the top of the game. From $1 to $100k and then to tens of millions in revenue every single month. If you want to make up to $100k a month blogging, start patiently the right way.
One of my favorite bloggers and my role model when it comes to blogging, Adam Enfroy, consistently makes over $300,000 a month blogging. Other than mega multi-author blogs, there are still single bloggers who earn six figures off their blogs.
To get started with blogging today, checkout this guide to help you start the right way.
Become a Programmer
Programming is a really complicated language to learn, basically because there’s more than 300 different programming languages from A+ to Java and more.
You can make a lot of money from either working as a freelance programmer or building significant software if you get good at programming.
If you choose to work as a programmer, it’ll take you years to start earning $100k a month because it takes time to build a professional freelancing portfolio. On the other hand, building a software will cost more money as marketing and framework development is costly.
Regardless of the app or software, you’re definitely not going to be the only one building it. However, at the end of the tunnel, passive income is guaranteed.
Start a Car Dealership Business
Another expensive way to get to $100k a month is to start your own car dealership business. Become a car dealer and in one month, there’s every tendency you’ll be earning over $100k dollars.
Truth is, car dealers don’t sell cars every day, but when they do, it’s usually several thousand to several hundred thousand to millions of dollars in profit depending on the model or brand of the vehicle.
Launching your own car dealership isn’t the easiest idea also as it takes time to eventually get a space to showcase your vehicles, and sign the legal documents to run a business of this nature.
Launch a Franchise
On the minimum, it costs just a little over $10k to start up a franchise. And this is the minimum cost of starting one. Now, depending on the location and industry of the franchise, you can spend anywhere from $10k to $5 million setting up a franchise in the USA.
Since you’re still $100k a month in revenue, this is a good idea to capitalize on. You can start up a franchise in the US or actually buy one. It’s gotta be the kinda franchise that’s already generating over $100k monthly.
YouTube Channel Monetization
Is it possible to earn $100k a month with a YouTube channel?
Of course it is, if you’re asking. Firstly, choose a niche and create a YouTube channel around that niche. Post the most enticing videos with the best thumbnails that could make even a goldfish click.
Find a way to keep posting videos around products, trending topics, and questions. This way, you’re eventually going to attract more viewers, and also have the opportunity to monetize your channel via affiliate marketing before you’re eligible to run ads.
Online Trading
Trading on the internet is another way to hit $100k a month. Whether it’s crypto, vanilla options, binary options, stocks, Forex or bonds, you can certainly earn over $100,000 dollars a month; and mostly trading from home.
With this in mind, you need to become an expert trader first before launching into the online markets to trade a live account. From trading crypto to Forex, most brokers provide you a demo account to play around with.
Trading with the intent to hit $100k in revenue every month end means you’ll be trading with a fat capital in more than 6 figures or the high end of six figures to make this happen while incurring less risks.
Build a Mobile App
If you’re able to build a mobile app, a good one, then we’d be talking about generating millions. Good mobile apps make a lot of money. This is because people spend more time on their mobile phones than in actual reality.
They live on the web and that’s pretty much the reason Google gets 99k searches every single second that fades. And then over 8.5 billion searches in a day. With a mobile app, you’re more likely to become a multimillionaire.
This is no false hype, and it takes a lot of work to build an app like TikTok or Canva. Something relevant, that’ll remain relevant for ages.
Start a Grocery Stores
Launching a grocery store of your own can get you to $100k a month. People will always need you to be there, they’ll always need products from your store, and if you’re in the middle of the city where it’s easy for people to find you, then you might as well just earn over $100k in profits every month.
Worthy to say is that it’s expensive to start a grocery store. A small scale grocery store will cost well over $70,000 dollars in the US.
If you’re looking to start a medium or standard grocery store, then that’s over $200k. One good idea is to purchase a grocery store franchise which on average costs $80k.
Affiliate Marketing
Affiliate marketing is probably the cheapest option on this list. Truth is, there are folks on the internet genuinely earning over $150,000 dollars a month with affiliate marketing. The idea is to gain trust, provide value, and then become the middleman through which the people who trust you get to acquire products.
A perfect way to go about this is to build a blog and let your audience know what you’re into. If it’s going to be a food blog, then you’ll be recommending products in the food niche and even restaurants.
So, you start a blog using this magic guide, pick a niche, get personal with your audience as you produce contents around the products in your niche, do it consistently as you join affiliate programs of the products you frequently review on the blog.
While there are other ways to make money with affiliate marketing, this is my favorite and it’s more productive.
E-commerce
Buying and selling is made easy with ecommerce; the supermarket framework of the web. If you want to learn how to make $100k a month, consider starting an ecommerce business/website.
This time, I’m not talking about starting a small ecommerce website or business. I mean something huge. Maybe not like AliExpress or eBay, or Flipkart, but something that’s heavy on the side.
While it’s expensive to acquire products, maintain inventory and build the actual ecommerce website, there’s a probability you’d be spending more money on promoting your store.
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Manufacture Bricks
People build houses every single day, and this isn’t going to stop soon until every single land on the face of the earth is occupied by a structure. As such, it’ll take decades or hundreds of years for this to happen. So, you can’t go wrong getting into brick manufacturing.
You’ll need startup capital and a couple of other stuff like a warehouse, a site, labor, and there’s also the need to promote your brick manufacturing business. For sure, this is one of the businesses that can generate passive income for you even up to $100k/month.
How to Make $100k a Month: 13 Real-life Methods – Summary
Making $100k a month doesn’t come easy.
But if you must get there, some of the self-employed jobs and businesses to get your hands dirty with include starting a grocery store, getting into ecommerce, manufacturing (and supplying) bricks, and flipping expensive houses or properties.
They also include getting a high paying job (that can earn you $100k/month), starting an ecommerce line of business, building a mobile app or a software, launching a franchise (which doesn’t come cheap), starting a blog, programming, and affiliate marketing among others.