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How can I make 20K a month passive?

Different Ways To Make 20k In A Single Month: Take on multiple work-from-home jobs. What is this? ... Launch a dropshipping business. ... Offer an online course. ... Work as an SEO expert. ... Start investing in real estate. ... Produce an on-demand software solution.

brooksconkle.com - How To Make 20k A Month: Legit Ways For 2022 - Brooks Conkle

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Are you looking to achieve your coveted monthly salary this year? Well, your search has landed you on the right post! Today, I’ll cover some realistic ways how to make 20k a month online.

You’ve likely heard of people generating money online.

But if this is your first time earning money online, you’re undoubtedly hesitant.

Making money on the internet is not a new concept.

Some folks have been doing this for the past couple of decades.

The choices are endless.

I’m not sure why you need to make 20k a month.

But I know that freedom is a big motivator for many individuals.

Maybe you want to take expensive vacations, or you want to be free of credit card debt.

Perhaps you merely desire a sizeable emergency fund.

One thing’s for sure: that kind of money takes a lot of hard work upfront.

It’s about having extra time and financial flexibility.

Of course, we want to spend more time with family and do what we enjoy while earning extra cash.

The methods that follow are not get-rich-quick schemes.

All of these strategies necessitate some effort on your behalf.

Don’t forget; you only get what you put in out of it.

Naturally, the amount of money you can make is directly proportional to your dedication.

Most of your spare time is going to be spent hustling.

Now that we’re on the same page let’s get started!

Different Ways To Make 20k In A Single Month:

1. Take on multiple work-from-home jobs.

$20,000 is a significant sum of money, and reaching it on a monthly basis necessitates a combination of work-from-home gigs. Working from home has the bonus of allowing you to take on as many jobs as you like. You should be able to scale your cash flow in no time if you have a better level of self-organization. If you want to make $20,000 in a hurry, consider the following gig combinations:

Freelance Writing

Some digital marketers I’ve spoken with claim that AI writing tools are the next big thing.

I’m not sure how true it is.

However, I do know that AI technologies will never be able to provide content with the same human touch as the actual writing.

That can only imply one thing:

Freelance writing isn’t going away anytime soon.

Take a look at listings on FlexJobs, for example.

With over a hundred freelance writing gigs advertised right now, it’s evident that human authors have more options than AIs. Yes, you’ll start out modestly, earning between $30 and $50 every 1,000 words. However, as you progress as a freelance writer, you may be able to charge as much as $500 for each post. That implies you can earn anything from $5000 to $20,000 each month simply by writing.

There is no diminution of places to look for freelance writing opportunities.

Here are some excellent places to look for work:

Digital marketplaces like Flexjobs, Fiverr, Upwork, and Pro Blogger.

You can even set up your own writing website to showcase your work and attract clients for your writing services.

Remember, as a content creator; you can thrive in the online world.

Graphic Design

According to Zip Recruiter’s research data, a graphic designer’s average monthly compensation is $4,023. And that may be a monthly income of close to $20,000 if you work it part-time. If you’ve got some graphic design talents, you should include graphic design in your online job list. The amount of work for graphic designers is abundant on the following platforms:

You can also use your own website to market your work.

Virtual Assistance

This position requires you to be a multi-talented individual who can handle a variety of tasks. You have to execute them on time and with little to no supervision.

Individuals and businesses may employ you to do the following:

Manage social media accounts

Produce sales copies

Schedule appointments

Monitor and send emails

Perform market research

Edit content and schedule publishing

The list could be miles long, but you get the idea.

As a virtual assistant, you can earn anywhere from $10 to $50 per hour. If you work five hours per day, Monday through Saturday, you might earn up to $300 per week.

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That’s an extra $1,200 each month for your side hustle.

2. Launch a dropshipping business.

The stories you’ve heard of business owners making tens of thousands of dollars from their online store aren’t just urban legends. These are real-life success tales from folks who entered into dropshipping with a winning mindset from the start. You, too, can develop a successful dropshipping business and earn at least $20,000 per month if these ordinary folks can. When you run a dropshipping business, you buy an item from a supplier every time an order comes in. Even more advantageous is the fact that your supplier would deliver the item to your consumer directly.

AliExpress is the primary source of items at the time of writing.

Alibaba.com is another helpful site for finding suppliers.

You could run a Google search to find suppliers from different regions of the world based on your location and tastes. In reality, dropshipping isn’t the complicated process that many people portray it to be. Self-proclaimed internet gurus like to imply that there are hidden secrets to mastering this industry, but this isn’t the case.

In reality, you’ll only need the following to get started:

A site

Some copywriting skills

A Shopify store

Rudimentary SEO skills

You’ll need to write about the things you want to market.

You want to provide as much information as possible to aid your readers in their purchasing decisions. Focus on developing your Shopify website and then integrating it with your blog as you increase your site’s content. To begin gaining a following, you must advertise the blog through various marketing channels such as SEO and social media.

As your traffic increases, so will your earning possibilities.

Plus, dropshipping is an excellent source of passive income once you get it off the ground.

3. Offer an online course.

The unanticipated global pandemic prompted a surge in demand for online learning.

In effect, the number of students enrolled in online courses continues to rise month after month. Online learning won’t replace in-person education, but recent research suggests hugely successful digital education.

There’s roughly a 60% recall of learning materials compared to face-to-face learning.

But how does this relate to your goal of producing $20,000 in a month?

Well, in this age where online education has become a thing, online courses are increasing in popularity. You can design an online course on just about anything and sell it online.

What you can teach online has no bounds.

You could quickly grow a more extensive following if what you want to put out there is worth sharing. Many creators teach about online business, office productivity, personal development, finance, and a variety of different topics.

Do you see what I’m getting at here?

There are no curtailments on what you can teach online.

The most excellent aspect of teaching online is that there is no limit to how many students you can contact.

That means you could easily earn $20,000 from it.

Offering online courses can easily be a source of full-time income.

4. Work as an SEO expert.

Although there are already over 1.7 billion websites online, there aren’t nearly enough SEOs to give them enough exposure. Many of these websites never even get a Google ranking since their proprietors don’t know how to build an online presence.

This is when a Search Engine Optimization specialist’s expertise comes in handy.

You may sell your skills as an SEO expert and earn $20,000 per month if you can optimize websites for higher rankings.

With so many complex elements, SEO is a valuable talent.

Making $20,000 a month from it shouldn’t be too difficult for someone with full-stack experience in the subject.

If you’re sure you can:

Carry out search analysis to zero in on less popular topics

Perform technical site audits to prepare sites for search engines

Study and target niche audiences

Produce excellent content that is sure to convert

Use legitimate methods to build high-quality backlinks to websites

Tweak websites to make them easier to navigate

Then you’re in business, baby!

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The number of income streams you have as an SEO specialist determines how much you earn.

So your monthly salary isn’t black and white.

However, if you put in the effort, you should be able to make anything between $20,000 and $120,000 every year.

5. Start investing in real estate.

A real estate investment can bring in at least $20,000 a month if you’re smart about it.

Here’s the caveat:

Starting up can be extremely costly.

It takes a lot of money to get started, so you’ll almost certainly have to borrow extra money. Sure, starting a real estate business from the ground up might be costly, time-consuming, and even dangerous.

However, once you’ve finished, you’ll be able to profit handsomely.

To be clear, owning residential or commercial real estate is not required to earn $20,000 a month.

To put it another way:

Do you believe that every real estate professional lives off the business’s passive revenue because of the funds they’ve invested?

Unlikely.

If you don’t have the funds to invest in real estate, you can work as a real estate agent. Alternatively, you may work as a real estate assistant for an experienced investor.

Keep in mind that developing your whole portfolio takes time.

That means you won’t even go close to the 20K goal at first. You’ll need to build a contact list and establish a rapport with people. You must engage in real estate marketing and figure out how to scale your firm first. If you put in the effort and trust the process, you should be OK in no time. If real estate isn’t your thing, you could always play the stock market game instead.

6. Produce an on-demand software solution.

Don’t let your programming skills go to waste because you can quickly make $20K by creating an on-demand software solution. The software sector is booming, with a current yearly valuation of $57.6 billion in the United States alone. On-demand software solutions are critical because they assist businesses in increasing sales, improving customer service, and expanding their user base.

Knowing how to design applications isn’t enough to develop on-demand software.

You must first define your market then get to know your audience.

Then, identify your specialty, determine your functionalities, select a technology stack, and begin development. Professional development capabilities are the bedrock for building on-demand software that customers will enjoy.

To mention a few, some of the top on-demand software solutions include:

Ahrefs, an SEO software suite

Stripe, an online payment solution

Money Lion, a loan application

You can find other examples of on-demand software solutions online, but hopefully, these will give you some ideas.

It takes a long time to develop on-demand software.

The goal is to design a solution that adds value to the current market. If you succeed, you can be confident that you will begin to grow your user base. It’ll be easy to earn $20,000 or more in the next few months.

Final Thoughts

Is it possible to make $20,000 each month consistently?

Plenty of folks do.

And you can start seeing real numbers, too, if you put in the effort, stay persistent, and have a growth mentality.

Your new side hustles might even replace your full-time job.

The first crucial thing to accomplish is determining what you’re good at.

Second, check the income potential of many prospects that are up for grabs. Third, determine how much work you need to do and when to do it, and then get to work.

I’d also like to be clear about one thing:

None of these strategies to make 20K a month is a get-rich-quick gimmick. And if somebody ever promises you that you can get rich tomorrow by applying a technique right now, they’re wrong.

Achieving your financial goals is going to take a lot of work.

You might wind up stretching yourself too thin or not accomplishing anything at all. So put in the effort, stay consistent, and you could be making $20,000 per month in no time.