Want to learn how to make $60k a month?
I’ve got you covered. Forget about the ease of making money (and I’m sorry to disappoint you), but there’s no ease associated with making money in the real world.
Maybe it’s easy to make a few hundred bucks a month, which I doubt it is, but it’s a different ballgame to make thousands and then millions of dollars. You’ve gotta put in the work.
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In this blog post, you’ll learn about the best ways on how to make $60,000 dollars a month, no cap.
Let’s get to it.
How to Make $60k a Month: 10 Witty & Realistic Methods
Start a Blog
Blogging can make you money if you’re willing to invest the time and effort into doing it. It’s not one of the fastest ways to make money online, but certainly, you can make as much as $60k a month blogging. It’s not easy. Nothing about making money is easy.
The good part about blogging that I really like is the passive income part. While you can make money from time to time by posting sponsored content for advertisers, the income from ads and affiliate marketing (or from most of the monetization options) is mostly passive.
Before starting a blog, it’s nice to understand how blogging works and it’s also very important for you to know what to do before starting your blog so that you don’t waste your time on the wrong things after launching your brand new blog.
The first thing you want to do when starting your own blog is to pick the niche. The niche is the purpose of your blog. And without a niche, a blog lacks purpose. Secondly, it has to be a profitable niche. The profitability of the niche will definitely determine how much money you’ll be able to make off the blog.
Next up, identify keywords that you can write about and rank for with your new blog. Stay consistent with content creation and also write for bigger blogs in your niche in a bid to build the authority of your blog.
With time, you’re going to see the traffic come in. And the more traffic you’re able to drive, the more results you’ll see with any monetization strategy you implement.
If you want to make money blogging, read this guide.
Digital Marketing
Lots and lots of entrepreneurs and business people are going online with their businesses. However good this is, the interesting part is that not many of these entrepreneurs and business people will reach success with their businesses online. So, if you’re good as a digital marketer, this is where you come in. You can work for these entrepreneurs and business people to make money.
And you can do this simultaneously. There are other ways to make $60k a month as a digital marketer other than practicing digital marketing as a contract employee while you work remotely.
Some other ways to earn tons of cash up to $60k a month as a digital marketer include creating a course about digital marketing, launching a digital marketing blog, launching a YouTube channel on digital marketing, and working for multiple clients (as a consultant digital marketer). You can also write a book on digital marketing or start up your own digital marketing academy.
Social Media Influencer
If you’re popular on social media, then this is a good thing. Social media influencers often earn from multiple streams, in different ways. As a social media influencer, you can promote affiliate products to make money.
You can post sponsored content for advertisers (for a fee), and also, you can sell your own products. Depending on the platform you’re most followed on, you can generate passive income from the views of your content.
Sounds good right?
The work is to level up on social media to become an influencer; never an easy job. You can make much more or less than $60,000 a month as a social media influencer depending on your social media engagement, what you’re known for, and the number of followers you have.
Affiliate Marketing
One of the most realistic ways to make $60k a month is affiliate marketing. There’s no doubt about this and you can make more once you’re able to build a sustainable passive income generating affiliate marketing system on the internet.
It’s not that easy and it’s time consuming. Plus, you’ll need to understand everything about affiliate marketing to make it work. On the surface, it’s about promoting affiliate products and getting a commission for every sale. So, you promote products to earn commissions.
But you only truly earn when someone buys the products you’re promoting. Depending on the effectiveness of your affiliate marketing strategy, it’s possible to earn as much as $100k+ per month.
E-commerce
If you have products that you can sell or create, then you should launch an ecommerce business online. Of course you can make up to $60,000 a month with an ecommerce store, but you really want to focus on growing your business over time instead of focusing on how much you can make in the short run. When it comes to e-commerce, the success will depend on your marketing or promotion efforts 100% of the time.
Hence, you want to channel every effort into promoting your business and making sure every month sees a better growth trend than the previous. Whether you’ll sell virtual or physical products, promotion is everything.
Write a Book
In reality, you can make $60k a month with a book of your own. You just need to come up with something good that people will be willing to buy. No BS or hype. With a book, you can make millions of dollars. But don’t rush. It’s not that easy.
Firstly, it’s challenging to write a good book because it’ll take a lot of time and money to publish it. Secondly, writing a book is not something you do in one sitting. It requires research and you need to compile the entire knowledge before giving it to an editor.
It’s a tedious process mostly. But at the end of the tunnel, there’s a bright light. If you’re able to publish your own good book, then you can live your life enjoying the passive rewards.
Flip Houses
House flipping is all about buying and selling houses. You can do this over and over again to make $60k a month. In reality and unless you have a robust contact list, you’re likely to flip one or two houses in a month.
This goes a long way to say that it’ll take you some time to grow to the point where you’re able to make $60k a month by flipping multiple houses in a month or flipping one or two very luxurious and expensive houses.
Buying a house for $160k and flipping it for $180k leaves you a profit of $20k. If you renovate and maintain, then you might be able to resell it for $200k or more. You’ll also need to have some money to delve into this line of business or at least to reach out to rich landlords looking to sell or buy real properties.
Open a Retail Business
Retail stores make a lot of money. Opening one is definitely one of the most realistic ways to make $60,000 a month. It’s not free, and you’ll need capital to launch this business. Opening a retail store requires you to have a basic understanding of how the business is run. If you have no idea, it’s high time you started learning about the business.
Understand how to start a retail store, what you’ll need to acquire, and most importantly, the location of the business is everything — find the best location to start off from. Understand your competitors in that business environment and capitalize on their flaws to make a difference.
Start a Tech Store
Selling tech stuff like phones and home appliances is a good way to make $60k a month. It’s not a free business for anyone to delve into. And you’ll definitely need to invest some cash to set this business up. Plus, the location is everything. You don’t want to launch a good tech store and have very few patrons day after day. It’s a terrible feeling.
I’ve been there. But not with a tech store; with a barbering store. You first need to understand how the business works before anything else. If you know nothing about tech, honestly, this isn’t your gig. You must understand the specs and difference in different tech devices before you kick off.
If you want to niche down to focus on just mobile phones, that’s a great idea. If you want to focus on just music devices, also a great idea. Niching down to one class of tech is probably a good place to start. So, pick a niche.
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YouTube
Opening a YouTube channel of your own is definitely one of the most realistic ways on how to make $60k a month. Don’t take it as I say or write it. It’s not that simple and it takes time to even start making your first $1k a month.
If you’re super smart at capitalizing on monetization opportunities, then you’ll be able to reach the $60k/month goal sooner than later. The first step perhaps is to know what you’ll be creating a YouTube channel about. What’s the channel going to be about?
It depends on you and what you’re passionate about. Another factor here that’ll determine the success of your YouTube channel is the degree to which your content categorizes as “quality”. In all honesty, quality content rules the web. And you’ll have to consistently publish quality and captivating videos to go viral.
How to Make $60k a Month: 10 Witty & Realistic Methods – Summary
Sounds very easy when you read but it’s a lot of work to actually start from nowhere and ladder up to $60k a month.
Rounding off, some working methods to reach this figure every month include starting a YouTube channel, opening a tech store, opening a retail business, flipping houses, writing a book of your own, starting a blog, venturing into digital marketing, making money off your social media influencer status, affiliate marketing and e-commerce.