How To Make $1,000 Per Day: 15 Proven Strategies that WORK!
Last Updated: 05. September 2019
How To Make $1,000 Per Day: 15 Proven Strategies that WORK!
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Being able to earn $1,000 each and every day would be an incredible feat. While arguably it will require you to possess an extremely strong work ethic, being able to earn $1,000 per day is still highly achievable. However, you need to remember that it just won’t happen overnight.
In some cases, you might already possess a high-demand skill and thus, be able to command an hourly rate that allows you to meet your daily goal of $1,000. In other cases, you might need to go out and learn a particular niche like the back of your hand before you can start selling it. Some opportunities will not require you to learn a new skill at all, as your destiny will instead be judged by the amount of time and effort you are prepared to put in to it.
Either way, we’ve listed 15 proven strategies that will allow you to meet your long-term goal of earning $1,000 per day – 5 days per week.
OK, I know we’re stating the obvious here, but in reality, a high paying job is going to be a sure-fire way of making $1,000 per day. In terms of the maths, you would need to make a post-tax income of at least $260,000 per year, based on a standard working week. As such, even a doctor’s salary wouldn’t be enough to meet your target.
On the other hand, roles surrounding emerging technologies such as machine learning, artificial intelligence and robotic process automation will most definitely allow you to make $1,000 per day. Ultimately, it might be time to re-skill!
Pros and cons of getting a high paying job
Income is only likely to rise over time as you get more experienced
High demanded skills – no issues finding work
Need to possess a really in-demand, low-supply skill
You’ll be on the payroll, so little opportunities to reduce your income tax
If you want to make big bucks, going to paid survey websites or reviewing products just won’t cut it. You need to aim bigger, and one of the most lucrative channels for earning an income working from home is YouTube. Did you know that the likes of Logan Paul, PewDiPie and Jacksepticeye – three hugely popular YouTube channels, made as much as $16 million in 2018 alone? Sure, building up a huge YouTube following is not only difficult, but it can take a significant amount of time before you start seeing any results. However, those that do make a success of it are making considerably more than $1,000 per day.
Pros and cons of creating a YouTube channel
No need to invest any money
Focus on something you enjoy
Earnings are never capped – some channels make millions of dollars every year
Increase your earnings even further by advertising products within your videos
You will be required to commit a huge amount of time to it
Did you know that talented salespeople earn a huge amount of money? I mean, sure, not everyone has the ‘Gift of the Gab’, but those that do are able to command hundreds of thousands of dollars each and every year. As the vast bulk of this is made up in commission payments, you won’t be able to rely solely on a fixed monthly income.
Instead, you’re only as good as your last order! If you don’t fancy sitting in the office, why not consider working as a remote salesperson instead?
Pros and cons of becoming a remote salesperson
Successful salespeople earn hundreds of thousands of dollars each year
Sell a product or service that you are passionate about
No need to travel to visit clients – everything is done via home-based VoIP software
Online sales roles sometimes pay on a commission-only basis
Real estate investing is a highly lucrative business. Sure, it’s true that you would need a multi-million dollar portfolio to be able to facilitate $1,000 per day in earnings. However, there’s always more than one way to skin a cat. For example, why don’t you consider flipping properties? A good starting point is look for homeowners that are looking for instant cash on the sale of their property.
You’ll be able to net yourself a discount of around 20% if you’re shrewd, subsequently allowing you to flip the house with an excellent margin. If this is beyond the realms of possibility, then you might want to build your bankroll up via peer-to-peer real estate platforms instead.
Pros and cons of investing in real estate
Huge margins on offer
Real estate is ultra-low-risk
Chance to earn monthly dividends in the form on rental income
You can flip properties for short-term profits
Peer-to-peer platforms allow you to get started with smaller bankrolls
You’ll either need to have a multi-million dollar portfolio to make $1k daily, or be good at flipping homes
If you’re able to write a really good book that sells well, you could easily make $1,000 in daily revenues. For example, if you sold your book for $10 per copy, you’d only need to sell 100 copies per day. Some of the best selling books out there sell a lot more than this, so there’s always the chance that your book makes the cut.
Pros and cons of writing a book
No investment needed other than your time
Write about something you have knowledge in, or create a fiction novel
We mentioned earlier that you will need to put in a considerable amount of effort to earn $1,000 per day. With that being said, if you are prepared to study a new skill, then why not become a blockchain developer? With roles paying around $100 per hour, you would need to work a full 10 hour shift to meet your $1,000 target. Get started today by signing up for a course with Udacity!
Pros and cons of becoming a blockchain developer
One of the most in-demand skills in the world
Earn surplus of $100 per hour
Enter an emerging market that is growing at an exponential pace
If you’ve got some experience in forex trading, then you’ll know that skilled investors make a significant amount of money. While not all trades will be successful, talented forex traders will tell you that $1,000 per day in profits is well within reach. Just remember, you’ll need to risk a lot of money to meet this target, so just make sure you know what you are doing.
Pros and cons of trading forex
Super high profits available if you are good at it
24/7 trading opportunities
Trade dozens of different currency pairs, or simply specialize in one
Build up your profits over time to increase your bankroll
High-risk, no guarantee to make money
8. Create and sell courses online
If you've got skills, knowledge or experience in a particular niche or subject, then there is no reason why you shouldn't sell it online. One of the most effective ways of doing this is to create an online course. If what you are selling provides the end-user with real-world value, they'll have no issues at all paying for it. At a course fee of $200, you'd only need to sell 5 per day to meet your $1,000 target. Check out Udemy to learn how to get started.
If you’ve got a lump sum to invest, then it might be worth looking at buying an online business. In order to find a business that is already making $1,000 in profits, you’ll need to target websites that are generating 6-figure revenues. For this, you will need to part with hundreds of thousands of dollars. However, if the business is already established, you’ll start earning straightaway.
Pros and cons of buying an online business
Earn income straightaway
The business will already be proven
You have the chance to increase profits by improving the business
You can do it from home
You will need to invest hundreds of thousands of dollars to buy a $1,000/day business
If you’re an amazing writer that specializes in a high-demand niche, then you’re 1 step closer to earning $1,000 per day. However, in order to meet this target, you will need to find some high-paying clients. Blue-chip companies only want to hire the very best, and as such, you’ll need to get a load of large clients onboard. A good starting base to build your portfolio of clients up is Upwork, which was used by 28% of Fortune 500 companies last year.
Pros and cons of writing on a freelance basis
Demand is super high
Work from anywhere in the world
High paying clients do exist – you just need to find them
The stock markets traditionally make between 8%-10% per year, depending on the specific market you are invested in. They will of course go through ups and downs, but as long as you are prepared to buy stocks with the view of keeping your money tucked away long-term, you can watch your investment grow over time. However, even at 10% per year, do bare in mind that you will need to have a couple of million dollars to invest.
Pros and cons of investing in the stock markets
Stock markets average annual returns of 8%-10%
You can invest in a single stock market index like the NASDAQ or NYSE
If investing in an index, no experience is needed
You will need to have a couple of million dollars to invest if you want to make $1k per day
13. Start your own affiliate blog
While starting a blog is easy, building up a huge reader-base isn’t. In fact, it will take a long time before you are able to attract enough loyal readers to your blog. However, once you do, you can make money by placing affiliate links throughout the site. Every time one of your readers goes on to buy something, you’ll earn a commission. Super popular blogs make well over $1,000 per day in affiliate earnings.
Pros and cons of starting an online blog
No requirement to invest any money
Start a blog on a subject you love
Work from home
Make money when people click on your affiliate links
Increase your income through ad placements
It will take a long time before you get enough visitors to start earning good money
If you are in possession of a domain name that a company really wants, then they will be prepared to pay top-dollar for it. With the likes of ‘CarInsurance.com’ and ‘PrivateJet.com’ selling for over $30 million, you should consider buying domains that you think might be in hot-demand in the future. A good starting point is GoDaddy.
Pros and cons of buying and selling domains
Domains are usually really cheap to buy
You always get first refusal to renew the domain
You only need one high-demand domain to make a lot of money
Whether it’s via Instagram, Facebook, YouTube or Twitter, influencers have hundreds of thousands, if not millions of online followers. What comes with this is significant earning opportunities. In fact, it is estimated that Instagram influencers charge $1,000 per post for every 100,000 followers they have. If you do get to the 6-figure region, you’ll likely find that advertisers will contact you directly to promote their products.
Pros and cons of becoming an influencer
Use your high follower-base to make money in multiple ways
All social media channels are an option
No investment needed other than your time
Charge up to $1,000 per Instagram post, per 100k followers
It can take years before you fall within the influencer bracket
The bottom line is that earning a daily income of $1,000 is extremely difficult. However, it’s not impossible. As we have identified within this post, there are heaps of ways to reach your daily target. The right strategy for you will ultimately depend on whether you are prepared to invest time, money, or a combination of the two.
For example, if you have a considerable amount of money saved up, then you have the option of investing in the stock markets or buying an already-established business. If you don’t, then you’ll need to think outside the box. If you are prepared to learn a new skill, such as blockchain development, then you stand a really good chance of making $1,000 per day.
If you don’t want to study, and you don’t have the required cash to invest, then the only thing you have left is time. In this sense, you can build an online blog, create a YouTube channel or try to become an influencer.
Just remember that no matter how you do it, you will need to be prepared to work incredibly hard. If you’re willing to do just that, there is no reason at all why you can’t reach your long-term goal of making $1,000 per day.
How many hours a day do I need to work to earn $1,000?
If you set a maximum daily shift of 10 hours, then this means that you will need to earn a minimum of $100 per hour. On the other hand, if you’re able to earn $200 per hour selling your high-demand skills, then this is reduced to just 5 hours.
What can I do to earn $1,000 daily if I have no qualifications?
If you don’t have any skills at present that will allow you to command $1,000 in earnings, then you will need to go out and learn some. Take a look online at some of the most in-demand, low-supply jobs out there. Then research as much as you can. The internet is jam-packed with free resources!
How much money do I need to invest to make $1,000 per day?
If you’re looking to make an investment to earn $1,000 per day, then you will need to invest a significant amount of money. For example, if you decided to invest in the stock markets and you were able to make 10% per year, you would initially need a starting investment of at least $2 million.
How do I find high paying clients once I have a skill to sell?
Finding clients is often as difficult as learning the skill itself. A good starting point is to use third-party freelancing platforms like Upwork, as they will have heaps of jobs listed already that matches your skill. Alternatively, you might want to consider building your own website to showcase your skills, and then emailing potential clients directly.
Can I make $1,000 per day selling eBooks?
There is no reason why you can’t. For example, if you sold your eBook for $20 per copy, you would need to sell 50 copies per day. If your eBook was really comprehensive and unique, and you were able to sell it at $50 per copy, you would only need to sell 20 copies per day to make $1k!
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