Would you like to make a lot of money every month and eventually become financially independent? You’ve come to the right place because, in this guide, I’ll show you how to make 20K a month every month.
You can make 20K a month by growing and monetizing a YouTube channel. You can make that much money through affiliate marketing, real estate investment, virtual assistance, or freelancing. It’s also possible to make $20,000 a month by finding a decent 9 to 5 job if you wish to work for others.
To be very clear, you aren’t going to make $20,000 within the next one month, unless you land a job that pays that well. Rather, you’re going to have to put in a lot of work and be disciplined, organized, and consistent to achieve such milestones.
In this guide, we’ll tell you more about the opportunities that you can take advantage of right now if you want to make as much as twenty thousand dollars every month.
Let’s get to it.
How to Make 20K a Month (4 Opportunities Explained)
Below are four opportunities that can make you $20,000 a month:
1. Become An Affiliate Marketer to Make 20K A Month
I’ve been making and living on passive income from affiliate marketing for over 5 years now. And I can tell you from my personal experience that it’s possible to make $20,000 from the business.
But there’s a learning curve and then a lot of work to do upfront.
First, you need to learn how to pick a profitable niche and learn the art and science of search analysis. Then, you need to create content that can convert, grow your site traffic, and then monetize that traffic.
If you’ve been an online marketer for a digital agency and want to start something of your own, affiliate marketing should come rather naturally.
But if you’re a complete beginner who has no clue where to start, you should check out our blogging courses guide.
In the guide, I introduce you to the two most significant and beginner-friendly blogging courses that you should check out if you want to create a blog that makes passive income every month so you can make money while you sleep.
These courses are:
Unlike courses that like to use technical jargons and overcomplicate blogging and Search Engine Optimization, these two courses use the simplest language to help you master the concept of affiliate marketing quite well.
As with every legit opportunity, affiliate marketing is no way a get-rich-quick scheme. Here you’re putting in the work upfront to get a payday later, with consistency being the key that opens the door to success.
Now, the key to making $20,000 a month as a blogger isn’t in knowing how to drive traffic to your website. Rather, it’s about knowing how to choose the right products to promote.
Don’t get me wrong.
Knowing SEO is great. Writing great content is awesome, too. But if you don’t select the right product, your site will only make a few hundred dollars a month.
You need to promote high ticket items on your website from the word go so that, as your traffic grows, you can make a lot of money every month.
2. Make 20K A Month By Investing In Real Estate
Real estate is an evergreen business that can make you at least 20Ka month if you play your cards right.
The thing is:
Getting started can be insanely expensive. It requires a lot of capital to start, which means you’ll more than likely use borrowed money. While building your real estate business from scratch can be resource intensive, time-consuming, and even risky, you can find yourself making good money from it once complete your construction.
To be clear, you don’t have to own residential and/or commercial real estate to make $20,000 a month.
Let me put it this way:
Do you think that every professional in the real estate is living off passive income generated from the business because he or she had capital to invest?
Well, not exactly.
So if you don’t have the capital to invest in real estate, you can become a real estate agent and make a great business out of it. Or you can become a real estate assistant to an investor who’s already successful in the business.
Keep in mind that it takes time to build your overall portfolio. Which means that in the beginning, you won’t even hit the 20K target.
Initially, you’ll have to build a portfolio of clients, build a rapport with people, invest in real estate marketing, and find ways to scale your business. You should pick up just fine with time if you put in the work and trust the process.
3. Start a Dropshipping Business
The stories you’ve read about people making thousands of dollars from their Shopify stores aren’t merely fables. These are success stories by real people who got into dropshipping with a success mindset from the very beginning. If these mere mortals can build successful dropshipping business and make at least $20,000 per month, you can too.
In dropshipping business, you buy an item from a supplier each time you get an order. Even more interesting is that your supplier will ship the item directly to your customer.
At the time of this writing, the main source of the merchandise is Ali Express. Alibaba.com is a good platform where you can find suppliers, or you can do a Google search to find suppliers from different parts of the world depending on where you come from and what your preferences are.
To be clear, drop shipping isn’t the rocket science that many people make it look like. Self-proclaimed online gurus like to claim that there are hidden secrets that you need to know to become good in this business, but that’s far from true.
In fact, to get started, you’ll need:
- A Shopify store ($29 a month, 14-day free trial)
- A website
- Basic SEO skills
- And some copywriting skills
You’ll need to write about the products you wish to promote, making sure you educate your audience with as much content as possible to help them in their buying journey.
As you work on growing your site’s content size, focus also on building your Shopify website and then integrate it to your blog.
Then, you have to promote the blog through different marketing channels such as SEO and Social Media to start getting a following.
As your traffic starts to grow so should your income potential.
4. Make 20K A Month As An SEO Expert
While there are over 1.7 billion websites online right now, there aren’t so many SEOs at work to give all these the search engine visibility that they deserve.
In fact, many of these websites never even rank on Google because their owners have no clue how to create that online presence.
This is where the skills of a Search Engine Optimization specialist come in.
If you’re that one person who has an obsession of building and optimizing websites so that they get higher search engine rankings, you can market yourself as an SEO expert and make $20,000 every month from the job.
SEO is a lucrative skill with so many moving parts. And for someone who has the full stack experience in the field, making 20K a month from it shouldn’t be that difficult.
If you know how to:
- Do niche research and study a target audience
- Perform search analysis to find underserved topics that people care to learn more about
- Write great content that can covert
- Do technical site audits to make a website search engine friendly
- Use ethical approach to build high quality backlinks to website
- Do technical site changes to make it easy to navigate
Then, you should become an SEO specialist right now.
How much you earn as an SEO professional depends on the number of income streams you have, so the answer really isn’t in black and white. If you put in the hard work, though, it should be easy for you to make anything between $20,000 and $120,000 a year.
Final Thoughts on How to Make 20K a Month
Can you really make 20K a month every month?
Most people do. And you can, too, if you put in the hard work, stay consistent, and have a growth mindset.
The first most important thing to do is to first identify what you’re good at. Second, look at the earning potential of a number of opportunities that are up for grab. Third, figure how much work you have to do and within what period, and then put in the work.
I should be make one thing clear:
None of these ways to make 20K a month is a get-rich-quick scheme. And if anyone ever told you that you can become rich tomorrow by implementing a strategy right now, and you believed them, you’ll end up a lot more disappointed than you should be.
So invest in hard work, remain consistent, and you can be on your way to making 20K month every month.
Real estate is always a lucrative business that can definitely bring you $20,000 a month if you start it right.
One way to make passive income with $20k is to invest it in dividend-paying stocks, mutual funds or exchange-traded funds (ETFs). Another option is to invest in a rental property and earn monthly rental income. Additionally, you could consider creating and selling digital products, such as e-books, online courses, or stock photos.