Imagine being able to passively make $2000 a month on the side online. We get it; this might sound too good to be true especially if you’re relying solely on side hustles and not get money quickly programs like sweepstakes casinos, for example.
But, it’s entirely possible with the right approach. In fact, about 5% of side hustles bring over $10,000 per month!
The good news is that there are plenty of opportunities out there, to make an extra $2000 per month on the side online no matter your skill set or experience level. In this article, we are going to show you exactly how to achieve this financial milestone.
Lucrative Ways to Make $2000 a Month on the Side Online?
1. Freelancing
Freelancing is one of the quickest ways to make $2000 a month on the side online. With almost half of workers worldwide engaging in freelance work, it’s clear that this is a viable and popular option.
World Bank data shows that 48.022% of all workers worldwide are self-employed. And the best part about freelancing is that, there are several platforms that provide a marketplace for your skills. Key among these platforms includes;
- Upwork: This platform caters to a wide range of professional services. To stand out on Upwork, create a comprehensive profile that highlights your skills, experience, and past work. Take time to craft a compelling proposal for each job application. As a general rule, a good proposal should address the client’s specific needs.
- Fiverr: Ideal for micro-services, Fiverr allows you to market your skills by creating “gigs.” Focus on creating clear, attractive gig descriptions and use high-quality images or videos. Competitive pricing is crucial when starting out, but ensure your rates reflect the value you provide as you gain more reviews and experience.
- Freelancer: This platform is quite similar to Upwork. It offers a broad range of job categories. Make sure your profile is detailed and showcases your expertise. Engage actively in bidding for projects and tailor your proposals to demonstrate how you can meet the client’s requirements effectively.
Certain skills are particularly sought after when it comes to freelancing. Top most examples include;
- Writing and Editing: There’s a constant demand for content creators. Whether it’s blog posts, technical writing, or editing, showcasing a portfolio of your work can help attract clients. Join writing groups and forums to network and stay updated on industry trends.
- Graphic Design: With the growing need for visual content, graphic design is a lucrative skill. Familiarize yourself with tools like Adobe Creative Suite and Canva. Build a diverse portfolio and consider offering a few projects at a lower rate to build your reputation.
- Web Development: As businesses continue to establish their online presence, web development skills are in high demand. Learn coding languages such as HTML, CSS, and JavaScript. Create a portfolio showcasing your projects, and stay updated with the latest web development trends to stay competitive.
2. e-Commerce
With e-Commerce, you can achieve approximately 42.78% in gross profit margins and around 0.64% in net eCommerce profit margins from your online business. So, e-Commerce promises a very lucrative way to make $2000 a month on the side online.
However, these are general estimates as your actual profit will vary based on factors such as the types of products you sell and their pricing. If you’re willing to venture in e-Commerce, here are two models you may want to try;
- Dropshipping
Dropshipping is an e-commerce model that allows you to sell products without holding inventory. For dropshipping, you will want to start with choosing a profitable niche—think about trending products or items you’re passionate about.
Platforms like Shopify make it easy to set up an online store in a few clicks. And the best part is that they offer customizable templates and integrations with dropshipping suppliers like Oberlo or AliExpress.
To build a strong reputation, focus on product quality and reliable shipping. To hit your target and make $2000 a month on the side online with dropshipping, don’t forget about marketing.
Use social media advertising on platforms like Facebook and Instagram to reach your target audience. Also, create engaging content and leverage influencer partnerships to boost visibility.
- Selling Handmade Goods
If you’re crafty, why not start selling handmade goods. This can be a fulfilling and profitable way to make $2000 a month on the side online if you know your craft well.
Platforms like Etsy and Amazon Handmade provide a ready marketplace for unique, handcrafted items. Start by identifying your niche—whether it’s jewelry, home decor, or custom clothing.
Create high-quality product listings with detailed descriptions and professional photos. Pricing your products appropriately is key; factor in materials, time, and market trends.
Use social media to showcase your creative process and connect with customers. Keeping in mind that customer service can set you apart, ensure timely communication, offer customization options, and provide excellent after-sales support to encourage repeat business.
3. Online Teaching and Tutoring
Online teaching and tutoring offer flexible and rewarding opportunities to share your knowledge while you make your $2000 a month on the side online. Several platforms make it easy to connect with students globally. For example, you may want to start with;
- VIPKid: This platform focuses on teaching English to children in China. If you have a bachelor’s degree and a passion for teaching, VIPKid offers a structured environment with pre-made lesson plans. To stand out, demonstrate your enthusiasm and patience in your application video. Regularly check for updates and opportunities to increase your bookings.
- Udemy: Udemy allows you to create and sell online courses on virtually any subject. Identify a niche you’re passionate about and knowledgeable in. Plan your course structure meticulously and invest in quality video and audio equipment to create professional content. Engage with your students through Q&A sessions and feedback to build a loyal following.
- Teachable: Similar to Udemy, Teachable enables you to build your own online school. It provides more control over pricing and branding. Create a comprehensive marketing plan to promote your courses through social media, email newsletters, and collaborations with influencers in your field.
Certain subjects are particularly popular among online learners. If you’re looking for subjects to specialize to make $2000 a month on the side online through teaching, consider;
- Language Tutoring: With the increasing demand for language learning, tutoring in languages like English, Spanish, and Mandarin is highly sought after. Platforms like italki and Preply can help you connect with students. Tailor your lessons to individual student needs and use interactive methods to keep them engaged.
- Technical Skills: Skills in coding, digital marketing, and data analysis are in high demand. Leverage platforms like Coursera and LinkedIn Learning to create courses. Offer hands-on projects and real-world applications to make your lessons more impactful.
- Test Preparation: Helping students prepare for standardized tests such as the SAT, GRE, or TOEFL can be lucrative. Develop a structured curriculum and offer personalized coaching sessions. Use practice tests and performance tracking to demonstrate progress and keep students motivated.
4. Affiliate Marketing
Affiliate marketing is a powerful way to generate passive income by promoting other people’s products or services. Here’s what you need to know if you wish to make $2000 a month on the side online with affiliate marketing; you sign up for an affiliate program, promote the products using a unique affiliate link, and earn a commission for every sale made through your link.
The potential earnings can be substantial, especially with high-paying programs and effective promotion strategies. So, look for programs with competitive commission rates and products that align with your interests or expertise. Some popular affiliate networks include Amazon Associates, ClickBank, and ShareASale.
- Amazon Associates: One of the most accessible programs, it offers a vast range of products to promote. However, the commission rates can be lower compared to other programs.
- ClickBank: Known for its digital products, ClickBank offers higher commission rates. It’s ideal if you have a niche blog or website focused on digital content.
- ShareASale: This platform provides a diverse selection of merchants and products. It’s suitable for various niches, from fashion to finance.
Promotion is key to maximizing your affiliate earnings. To promote your affiliate links, consider these hacks;
- Content Creation: High-quality content is the backbone of successful affiliate marketing. Write blog posts, create YouTube videos, or launch a podcast to review and recommend products. Ensure your content is informative, engaging, and adds value to your audience.
- Social Media Marketing: Leverage platforms like Instagram, Pinterest, and Facebook to promote your affiliate links. Create visually appealing posts and stories that highlight the benefits of the products you’re promoting. Engage with your followers and encourage them to click on your links.
- Email Marketing: Build an email list by offering a valuable lead magnet, such as an eBook or a free course. Send regular newsletters featuring your affiliate products, ensuring the content is relevant and helpful to your subscribers.
- SEO Optimization: Optimize your content for search engines to attract organic traffic. Conduct keyword research to identify terms your target audience is searching for and incorporate these keywords naturally into your content.
5. Start a Blog or a YouTube Channel
Blogging is a popular way to generate passive income, and with dedication, it can become a significant revenue stream. Here’s how to get started;
- Starting a Blog: Choose a niche that you are passionate about and that has the potential to attract a significant audience. Popular niches include personal finance, health and wellness, travel, and technology. Set up your blog using platforms like WordPress or Wix, which offer user-friendly interfaces and customization options. Invest in a good domain name and hosting service to ensure your site is reliable and professional.
- Monetization Strategies: Once your blog gains traction, there are several ways to monetize it. You could use;
-
- Ads: Google AdSense is a popular choice for displaying ads on your site. You earn money every time a visitor clicks on an ad.
- Sponsored Posts: Companies may pay you to write posts about their products or services.
- Affiliate Links: Join affiliate programs related to your niche. Include these links in your posts, and you earn a commission for every sale made through your link.
Consistency is key in blogging. Regularly update your content, engage with your audience, and optimize your posts for SEO to drive traffic.
YouTube offers another lucrative passive income opportunity. By creating engaging content, you can attract subscribers and generate revenue through ads and sponsorships.
Start by identifying your niche. It could be anything from tech reviews and cooking tutorials to travel vlogs and educational content. Invest in a good camera and microphone to ensure high-quality videos. Consistently upload content and engage with your viewers through comments and social media.
Monetizing Your Channel:
-
- Ad Revenue: Once you meet YouTube’s Partner Program requirements (1,000 subscribers and 4,000 watch hours in the past 12 months), you can start earning from ad revenue.
- Sponsorships: As your channel grows, brands may approach you for sponsorships. Ensure that any sponsored content aligns with your audience’s interests.
- Affiliate Marketing: Similar to blogging, you can include affiliate links in your video descriptions. Promote products or services relevant to your content, and earn a commission on sales.
Closing Thoughts on Side Hustles to make $2000 a Month on the Side Online
The possibilities to make $2000 a month on the side online are limitless and you can only be limited with your imagination. Do research on the options that are most appealing to you and chose the ones you’re passionate about and promise lucrative returns. Let us know in the comments below your favorite side hustles.
Okendo Felix is a seasoned personal finance writer with over 7 years of experience. Currently active on quidgetters.com, he’s been featured on a number of major publications including Business Insider. Okendo enjoys playing football and binge-watching Stranger Things when not writing. Fun fact: Okendo once tried to budget for a pet unicorn!
Leave a Reply