In all sincerity and I’m being 100% honest, making an extra $500 a month from home is easy. If you’ll be making this money every month from your house, then it means you’d be home doing a full-time job remotely or you’re doing nothing at all. Or you’re husting online.
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Basically, if you want to learn how to make an extra $500 a month from home, there’s no big deal here and five hundred dollars is small money to make from home in a month. You’d be working online for the most of the hours you put into making an extra $500/month, and although it’s not a big deal, it takes some time. It’s not a big deal because $500 dollars is not a lot.
Maybe it’d be a big deal if you wanted to make an extra $5,000/month dollars from home or an extra $50k a month from home. Or, the craziest deal; an extra $500k a month from home. It’d be all you need to live your life to the fullest, yes, $500k/month. And it’s doable. But let’s stick to what this article is about right now. If you want to make an extra $500/month from home, here’s a list of 15 ways to make it happen.
How to Make an Extra $500 a Month from Home: 15 Realistic Ways.
1. Start your blog.
Blogging is one way to make passive income online. And although it takes time to build a successful blog from scratch, you can definitely make an extra $500 a month from home, passively. To start a successful blog, you’d need to focus on a niche and focus on producing or publishing content that’s ultra quality in nature.
There are other factors, and if you do blogging the right way, you could generate much more than just $500/month. You can also build a blog on the side of your full-time job if you keep one. Plus, you can grow a blog from nothing or $0 to over $10k/month. Or generate enough money to quit your job.
Without missing words, blogging still remains a cheap online business to start with prospects of a very lucrative ROI. It takes some time to start seeing things come into place with a new blog. Consistency is an ingredient to success with blogging. If you want to start blogging today, here’s an easy blogging master guide for you.
2. Trade stocks online.
Stock trading also joins the list of the best ways on how to make an extra $500 a month from home. You learn about the stock market, learn the best strategies to trade with, and be ready to take risks.
Trading online is generally about taking risks. The more risks you’re willing to take, the more money you could make. Hence, sitting in front of your laptop and just trading stocks, you can build a fortune especially by compounding your trading profits.
3. Trade crypto.
Crypto trading is definitely an undeniable way to make an extra $500/month from home. You can learn to trade crypto on the internet, and probably buy trading courses. Once you’re done learning how the market works, you’d be able to trade profitably right from your home. There’s no other place to go other than wherever you want to go if you’ve got the prerequisite trading skill.
You’d be able to grow small accounts and make enough money to change your own life. For the record, crypto trading is profitable. But if you play reckless with it, it could break you.
4. Create a course for sale.
If you want to make an extra $500 a month, create a course and sell it online. If you’re already a popular name on the internet and you have an audience either as a YouTuber, a blogger, or some social media influencer, you’d be able to make sales and money. If you’re starting out on the internet and you’ve got no audience, you can create a course of your own, sell it online through social media promotion. However, you can’t publish a run-of-the-mill course out there and expect people to buy.
The more positive reviews you’re able to gather from the first buyers, the more chances of success your course will have. And positive reviews go only to exceptional courses.
5. Online tutoring.
Tutoring online can earn you $500/month. If you’re good at tutoring, you can get tutoring gigs even without a degree. Some websites will allow you to teach students from different parts of the world for some money. You get paid hourly. And some of the websites that pay you to tutor students online include:
In a month, it’s realistic to make $1,000 dollars. If you get paid $14/hour on any of these, or $10/hour for the sake of being generous, and you work 3 hours a day tutoring online, that’s $30/day. And $900/month (in a 30-day month). However, if you get paid $9 dollars per hour and you work 2 hours a day tutoring, that’s $540/month. Whichever platform you work for/on remotely as a tutor, you’d definitely be able to make over $500 dollars from your home (if you put some time to work).
Podcasting is audio blogging. You start a blog or a website and upload just audio contents on them. Making money with a podcasting website or channel as a newbie doesn’t come easy. There’s a lot to learn, and a lot to invest in terms of time. Plus, you’d need to focus on a niche or a couple of interwoven niches just so that you don’t get blown away by the unending topics to cover from different unrelated and critical niches. However, focusing on a niche with a high profitability tendency is the key.
It makes things easy. There are lots of products to talk about and review. Plus, there’s a huge chunk of audience for the niche. And while a lot of publishers will try to differentiate podcasting from audio blogging, podcasting is a genre of audio blogging.
Dropshipping is similar to building an ecommerce store but then you don’t have to go through the process of acquiring products, housing or storing them, maintaining inventory and all of that. However, there are plugins in place to import products from other stores to your ecommerce or dropshipping store. It’s not free to get started, and there’s a need to study the best practices in starting and running a dropshipping store online.
It’s not an easy task, but with all things in the right place, you can definitely generate upwards of $500/month passively, from home. Some of the most successful dropshippers generate way more than $500/month. It depends on your expertise, and your strategy.
8. Freelance writing.
Freelance writing is easy, cheap, and it’s one of the online self-employed jobs that you can do (on the side of your full-time job) to make an extra $500 dollars a month. If you love writing, then this is for you.
Take writing gigs online or remote writing jobs on Indeed or Google Jobs or some other active job boards in your city. As a freelance writer, you charge per word. So, if you’re getting paid $0.05 per word, this equates to $25 dollars per 500 words.
Quite small. But if you decide to up your game and numbers too to around $0.2/word, then you’d be earning $100 per 500 words. That’s fair. It depends on your portfolio, experience, and patience (because it could take some time to land your first gig).
Proofreading is another way to make money up to $500/month from home. What’s a proofreader gotta do? Read documents and take out the bluff. And errors too. It’s somewhat related to editing, but the nuances make the difference. However, you don’t need to go to school or get a degree to become a proofreader. You just need to learn online and hone your skills with every gig you get.
It’s fairly easy if reading isn’t your weak point. Once you start understanding what to do as a proofreader, you can get gigs on marketplaces including Fiverr. Heck, Fiverr is a giant for gigs of all sorts. Per gig, you can expect to earn $30 bucks minimum. And you’d be getting several gigs in a month to meet the $500/month touchstone.
Writing is different from copywriting. But then, they all revolve around the need to use words in conveying messages and meanings. Copywriting is a more business-oriented kind of writing. As a copywriter, you work directly with product manufacturers or marketers to create the best description so as to drive sales and increase engagement.
However, $500 dollars is what some copywriters get paid per gig. Minimum $500 bucks. And they get several gigs like this in a month. You can join the league too, but you’d need to hone your copywriting skills to get started.
11. Video editing.
Right now, there are thousands, if not millions, of people looking for skilled minds to help them create videos either for their brand or for some other purpose. If you’re good at video editing, you can sell your skill or services to make an extra $500 dollars in a month. It’s simple, but you’ll need to be good at editing videos first. If you’re not, then you’d have to undergo the learning curve of video editing, professionally, to get started.
As a video editor, you can get online remote gigs at Indeed.com, on Google Jobs, Fiverr, Upwork, and Peopleperhour. There’s more marketplaces to find gigs and remote video editing jobs. And you’ll definitely earn more than $500/month even if you’re currently working a full-time job.
12. Graphics designing.
If you are good at designing graphics, then you can take advantage of your skill to make an extra $500 a month from home. It’s easy once you’re already good at what you do. Find gigs on platforms like Fiverr or Indeed and get them done. The more gigs you get, the more opportunity for future gigs you’ll get (if you get the job done every time or most of the time). As a graphics designer, you can also get paid to work remotely for a firm or a startup.
While the salary wouldn’t make you a millionaire, it’ll be more than $500 dollars a month. It’s remote work. So, you’d still have enough time to delve into other productive ventures.
If you’ve got a great voice, then you can make voice overs for clients right from your home and get paid online. You start by learning how to make voice overs, how to make the best use of your voice for commercials (rather than singing), and then you start applying for voiceover gigs on freelance marketplaces like Freelancer, Upwork, and Fiverr.
In a month, you can get up to 8 gigs paying over $100 dollars depending on the minutes or the length of content you’re looking to produce. Meanwhile, you might experience some challenges as a brooding voiceover artist. With time, you’ll get familiar with the entire gig economy and excel.
14. Trade binary options.
Binary options is one of the coolest but riskiest ways on how to make an extra $500 a month from home. Yes, you can definitely make $500 bucks a month trading the market. The binary options market. And if you’re doing this full-time, there’s every tendency that you’ll get to make so much more than $500.
The first thing you’ve gotta do is to learn about the market. In the simplest terms; learn to trade binary options and how to not lose your funds. There’s a boatload of materials on the internet for you to learn.
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15. Social media influencer.
Once you’ve become a social media influencer, it’s easy to make money at will. And yes, $500/month from home would sound like a joke. It’s all about getting social media traction. And one of the ways to make this happen fast is to consistently provide value. From nowhere, you can start a social media account in your name and consistently push out interesting, short, and captivating contents out there to get followers and gain relevance on social media. Going controversial on everything trending can also drag more eyeballs to your account.
After getting your first 10k followers, you can start monetizing your social media page by posting sponsored contents and promoting campaigns or products. The more followers you have, the more offers you’ll get to promote sponsored content; the more money you’ll make.
How to Make an Extra $500 a Month from Home: 15 Realistic Ways – Final Words.
Realistically and without a doubt, you can make an extra $500 a month by trading binary options, doing voice overs as a freelancer, designing graphics, freelance video editing, copywriting as a freelancer or a remote worker, proofreading (also as a freelancer), writing (freelance writing), dropshipping, podcasting, blogging for income (passive income), stock or crypto trading, online tutoring, and course sales.
Apparently, you can’t venture into all of them at the same time. You’d have to stick to one or two of them that resonate with you deeply; they should also be the ones you can do without burning out in the long run.
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