If you’re searching for how to make $200,000 dollars, then you’re in the right place at the right time.
Right on this page, you’ll get to know the most realistic ways to make $200,000 dollars. Now, these aren’t some of the quickest ways to make money, they take time to build and if you’ve got a lot of money, you can only speed up the growth process by scaling some activities.
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That said, they’re not the cheapest ways to make money either. These aren’t some money-making hacks anyone can try out.
A couple of them are expensive and you’ll need to really take them for a business to generate just enough money.
Or 6 figures.
How to Make $200,000 Dollars in 9 Sure Ways
Start Blogging
This approach to make $200,000 dollars will take some time, but you’ll get there.
$200k?
Yes, you can make it with blogging.
And it’s not going to be easy. I must warn you. If you’re new to the world of blogging, then you’re reading a blog right now. Blogging is fun, but if you don’t enjoy it, then there’s no need for you to start one in the first place.
If you’re interested in making a lot of money up to $200,000 dollars, then blogging is a way out. To get started with blogging, you’ll need to be open to learn new things. The first thing however is to be sure you want to do this before launching out to begin the process.
Firstly, pick a niche for your blog. The niche is basically the focus of the blog or what the blog would be about. If you want your blog to be profitable, then settle for a profitable niche.
Here are a few of them:
- Real Estate
- Parenting
- Lifestyle
- Make Money Online
- Digital Marketing
- Insurance
- Education
- Loans
- Credit Cards
- Fashion
- Travel
- Fitness
- Health & Wellness
- Tech & Gadgets
- Foods
Indeed, these are some of the best niches that you can choose from to write about on your blog.
There are others, but these make up about 10% of the top 10% of profitable niches out there. Under these niches are sub niches, but you don’t want to go too narrow with your blog topics. After picking a niche, you’ll choose a nice name for your blog; not too long, not too short, not roman numerals either or punctuations.
It could be a unique name that’s never been used before, but it should also be memorable. Once you’re done with this, the next phase is to set up your blog and start publishing great contents to get web traffic that you can monetize easily.
Launch a YouTube Channel
Starting a YouTube channel is free and easy, but then you can really make a lot of money if you’re determined. When starting a YouTube channel to make money, you want to pick a niche for your YouTube channel first before anything else.
Once you’re done picking a niche or an area of focus, then you can start creating videos; better videos on your channel. The challenge is to put out the best videos and to find the best keywords to create video content around. If you’re not a pro at editing or making videos, you may want to hire a video creator to help you with this process.
Plus, don’t expect your channel to boom overnight. It takes time to grow to the point where you’re making up to $200k a month from a YouTube channel. It’ll definitely start with $1 and then $10.
And then $100, $1,000, $10,000 dollars, growing from here to $100k takes time the longest. And from $100k, it’ll be easier to make more money as you’re able to create more content, work with more people, and even integrate other monetization strategies.
Far gone are the days where you launch a new YouTube channel to post about yourself without a clearcut focus. Nowadays, you can make money only if you adopt the business mindset and approach.
Start Your Fashion Brand
If you want to learn how to make $200,000 dollars, then you can create a fashion brand of your own and put it out there in the market. While this is easy to explain in theory, it takes a lot of work to make a clothing brand. And a lot of process too. From getting the materials to make your brand to marketing it and getting feedback, it takes work.
This is just an idea if you want to make $200k, and it’s realistic if you’re really smart. While there are tons of clothing brands out there, you can’t conquer the global market unless you have a couple billion dollars to spend. If you don’t, start from the local market and slowly become a household name.
Create Your Course
This will work 100% of the time if you’re a pro and a public figure. Let’s say you’re a neurosurgeon known for your works like Ben Carson, you can sell thousands of copies of your course online in a couple of months.
But let’s take a step back, you don’t have to be a neurosurgeon or a doctor or any of that. You can simply be a great writer and teach people how to write in your course. If you’re a cook, you know the drill; create a recipe/cooking course and sell it online.
But then, for you to make $200,000 dollars, you’ll first need to be a voice in that field; a name to reckon with. That’s how it becomes easy to make tons of sales with minimal effort.
Once your course is ready, you can upload it on websites like:
- Udemy
- Coursera
- Thinkific
- Skillshare
- Teachable
Else, you can promote your course to a relevant target audience on social media.
If you’re not the social media type or you don’t want to spend a ton of money to promote your course, then you can simply build a website, your own website, and sell your courses and other products you recommend there.
Again, you gotta be a star already to see crazy spikes in sales. And the more expensive your course is, the more money you’ll make.
Write a Book
If you’re not the internet type or you prefer writing a book instead, you can do the same and have it stored in different bookstores.
Plus, the soft copy of your book can also be published online for people to download and read it. Books are usually more expensive in their physical form, and if yours is worth up to $20 dollars, then you’ll need 10,000 sales to hit $200k. If you’re famous, getting 10k sales wouldn’t be a big deal.
Today, books sell millions of copies. Mostly thousands of copies, and these books are by global figures. So, you want to be good and very well known to some point before publishing your book just to get thousands of sales and make more money.
Build a Web Tool
A web tool works on the internet, and a ton of them are accessible only by subscription. This means that you’ll have to subscribe first for a fee to get access to use the tool. And there are also membership plans too, while others are completely free.
Now, you don’t have to be a computer programming guru to build a tool of your own. If you have a few thousand dollars, you can build a web tool and promote it to get patronage; subscribers.
The challenge you’ll struggle with is the tool to create. This is up to you to think up. After building the tool, there’s marketing and regular upgrades to look out for too. It’s a lot of work, but then, the ROI is crazy high.
Start an Ecommerce Business
An ecommerce business is highly profitable and quite expensive too. Websites like Amazon, eBay, Alibaba, Rakuten, Zalando, Walmart, and the likes generate millions of dollars every single month in gross profit. Some generate billions, particularly Amazon and Walmart. But you don’t have to look at these figures yet if you’re starting small.
It takes a lot of work to set up an ecommerce platform, and to market it too in the world of competitive ecommerce websites. You want to make $200,000 dollars with an ecommerce website, and the first thing you should do is to plan the entire process so you don’t get sunk in confusion.
Try Drop-shipping
Just like ecommerce, dropshipping serves the demands of customers, but without having the products in hand. When a customer orders an item, a dropshipping store redirects that order to a supplier, who then ships the product to the customer.
But then, the dropshipping store keeps the extra cost of the product as it appears on the store. Every dropshipping store online adds an extra cost to the products on the store. And that’s how they earn.
If you want to make $200,000 dollars, then you can start a dropshipping store of your own and market it to get more buyers and eventually become an online store to reckon with. It takes time, and much more than time; a working strategy.
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Start a Physical Business
A physical business like a grocery store, laundromat, laundry house, barbershop, beauty/makeup salon, a car wash, auto repair store or something else; a physical business that can generate you tons of money. Whichever physical business you choose to launch, it can definitely generate upwards of $200k dollars either a month or within a year.
And this is totally dependent on some factors like the size of the business, location, and other factors that determine the growth and development of a business in the real world.
How to Make $200,000 Dollars in 9 Sure Ways – Summary
Making $200,000 dollars isn’t the easiest thing in the world to do. But there are some ways to make it happen genuinely.
Some of the best ways include starting a physical business like a laundromat or grocery store, building a dropshipping store, blogging, starting a YouTube channel, launching your fashion brand, creating and selling a course of your own, building a web tool, getting into ecommerce, and writing a book.
A best-selling piece that sells thousands or even hundreds of thousands of copies. It’ll be more money than you can dream of, but value delivery comes first.
