If you want to learn how to make $1,600 a month, this article right here is for you.
It’s really not a big deal to make this kind of money. Even with minimal efforts, making $1,600 dollars a month is achievable. This doesn’t mean you won’t have to work at all. You work, but not excessively to make $1.6k a month. Or $400 dollars a week.
Right in this article, you get to learn some real good ways to make money up to $400 dollars a week or $1,600 a month without having a degree, without working your life out, and without saying “yes boss” to no one.
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Plus, some of the strategies here to make money can print passive income for you after you must’ve invested some upfront work/effort.
That said, here are 9 realistic ways to make $1,600 dollars a month.
How to Make $1,600 a Month in 9 Realistic Methods
Start Your Own Blog
Coming in as the first on the list, blogging is one of the cheapest ways to build a passive income stream online. Today, tons of bloggers generate over $10k per month blogging.
And if you want to make $1,600 dollars a month with a blog, you’ll need to be patient, slowly build your blog from scratch, stick to a niche that’s profitable, and be ready to create and promote your content (especially if you don’t have the funds to outsource this part of the process). Generally, it takes time to build a blog from scratch until it starts generating upwards of $1,000/month.
However, if you want to start blogging today, here’s a really helpful guide to take you through every step.
Trade Crypto
Crypto trading happens to be one of the real ways to make quick money or invest into the future. Since you’re looking for ways on how to make $1,600 a month, then you can trade crypto from your home.
It’s not a 100% guarantee that you’ll make money every single time you’re trading the crypto market, but you can make a lot of money if you’re willing to take the risk, learn, and relearn.
Oh! And unlearn too.
Crypto trading is technical, and you’ll also need to have emotional intelligence (or self-control) to make the best decisions as regards to opening and closing crypto trade positions. With that said, you need to have a trading capital to begin with.
Since it’s $1.6k dollars we’re looking at here, then you can start trading with as little as $200 dollars. To hit $1.6k a month, you’ll need to compound the profits from your trades. And keep trading to master the crypto market to a large extent.
Freelance Your Skills
If you’re good at anything at all, there’s a ton of people out there who’ll pay you to help them out with your services. Let’s say you’re good at proofreading or creating soundtracks.
On freelance marketplaces like Fiverr, there are tons of people looking for these services and they’re willing to pay you a lot of money for it.
Not $1 million.
But hundreds of dollars. So, you can sign up freely to work on Fiverr, and if you’re consistent enough, you’ll be able to get gigs that you can do to make money fast. For the record, you can make $1,600 a month and even more money as a freelancer.
Build a YouTube Channel
YouTube is one of the most visited websites in the world today and it has billions of users currently. Making money on YouTube is more about creating video content on the platform so that people get to view them.
It’s one of the realistic ways to make $1,600 a month, and it’s free to create a YouTube channel. You can do that right now if you want to. There’s no cost. Plus, you’ll need to have video editing skills to really grow a YouTube channel from nothing to a passive income stream.
Firstly, focus on a niche and do your best to create the most captivating and helpful videos in that niche. The more quality your video is, the more chances it has to rank high on YouTube search. Again, you want to create videos consistently while using the most attention-grappling thumbnails.
With time, you’ll be able to grow your YouTube channel from 0 views and $0 to more than $1,600 dollars a month.
Trade Stocks
From the space of your home, more specifically, your room, you can trade stocks and earn upwards of $3,000 dollars a month. However, this isn’t guaranteed as some trades will end in losses for you.
And some, wins.
If you’re good at trading and you’ve got enough capital to start trading live in the stock market, then you can quickly make money up to $1,600 in a week. But then, if you’re not good at trading, you need to learn a ton about how the market works and stick to a winning strategy to trade every single time.
It’s easy to get started, and some of the stock trading brokers and exchanges allow for you to trade on a demo account before going live.
Try Drop-shipping
One of the top ways to make $1,600 a month is to start your own dropshipping store. Basically, all you do is create a store online and connect it to another store. Dropshipping is a more simplified form of ecommerce.
Although a ton of people say it’s ecommerce, I think it’s simplified because you don’t maintain inventory and bother over shipping your products to buyers around the world. Dropshipping is different, and simpler. The worst case scenario is that you get overwhelmed with customer returns, and refund requests.
There’s a special way to handle this, and it’s part of all you’ll need to learn before starting a dropshipping business online to generate passive income.
Launch an Ecommerce Website
Another way on how to make $1,600 a month is to build an ecommerce website like Etsy or eBay.
Or Walmart.
It’s your call to think of what you’re up to selling, there, and launching an ecommerce business from scratch is no joke. It’s costly, and even more expensive if you have the intention to sell physical products on your ecommerce store.
Much more than just building the store from scratch on the internet, there’s much work to do in terms of marketing your store so that it stands a chance to dominate the local markets or the niche it’s built in.
With mega e-commerce stores dominating the web today, it’s best to focus on selling niche products to gain quick traction.
Sell Courses Online
It’ll be an easy walk to make $1,600 dollars from selling your own courses online. Firstly, you’ve gotta create a course that you can sell off for money. Just because you want to make money, it’s not enough to create a trash course.
The more relevant and helpful your course is, the more money you’re going to make off it in the long run. Plus, you don’t really need to be a professional. It’ll be more helpful to buyers if your course is laced with stories of your experiences and how you’re doing what you do.
Although it’s important to do research before or during the process of creating your course. Your personal experiences will contribute to the uniqueness, regardless.
Create a course with the help of platforms like Thinkific online, and then you can promote your course on social media, or upload on Udemy so that it’s available to millions of people searching the database for courses to buy.
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Flip Websites & Domain Names
Flipping websites and domain names isn’t a big deal, and you can generate up to $1,600 a month from doing this. It’s all about buying domain names or websites and reselling them for profit.
If you’ve got the cash, then this should be easy. It’ll work well when you’re buying websites versus buying domain names. This is because websites are more expensive, and you can make a couple hundred bucks from buying and reselling them almost immediately.
Let’s say you buy a website for $2,000 dollars. You can resell it for $2,500 dollars. Now, the more expensive the website is, the more money you’ll be able to keep. This means you’ll need to make $1,600 in profit from buying and selling websites (or domain names) within a month.
With enough capital to buy expensive websites or domain names and resell them, you can earn much more than $1,600 a month.
How to Make $1,600 a Month in 9 Realistic Methods – Summary
In clear summary, some of the real ways to make up to $1,600 dollars a month include flipping websites and domain names, selling courses online, running or operating and ecommerce business/website, trading stocks, dropshipping, developing a YouTube channel with the intention of monetizing it to make money, selling your skills or services as a freelancer, trading crypto-currencies, and blogging (which happens to be my personal favorite).
I’ll leave this article with a disclaimer that it takes time to make money no matter how small. If you’re not working a pay job and you want to make money every single month (especially in a passive way), you’ve gotta be patient and follow the due process.