How To Make $5000 A Month: 15 Ways To Earn Better Income

Earning 5000 a month is not just a pipe dream but an achievable goal, particularly with the advent of remote work.

There are a lot of ways to make money from home these days. All it requires is a little creativity, motivation, and a great plan.

However, it can be frustrating to put in the time and effort and still fall short of the desired income level.

Luckily, I’ve researched for you and compiled the ultimate blog post listing the best and proven ways to make $5,000 a month.

With the best side hustles, you’ll have a clear roadmap for how to make $5000 a month and make your personal finance goals become reality!

Quick Picks

Best Passive Income – Real Estate Investing
Best Freelancing Career – Proofreader
Best Low-Cost Business Idea – Blogging

How To Make $5000 A Month

1. Real Estate Investing

Earning $5,000 a month is a great financial goal; real estate investing can help you get there and generate income without working around the clock.

Real estate has shown its potential as a profitable investment, making it an appealing choice for those seeking financial stability and extra income.

Investing in rental properties on Fundrise allows you to invest in real estate without owning physical properties or being a landlord.

With Fundrise, you can invest $10 in fractional shares and earn rental income over time.

See how I’ve invested in Fundrise and made money from real estate investments by checking out my in-depth Fundrise Review.

2. Proofreading

Becoming a proofreader can be a rewarding way to earn extra income if you have strong editing skills and want to become an online freelancer.

Proofreading involves reviewing written content to identify grammar and punctuation errors before publication.

It’s also a great work-from-home job that pays well. You can proofread remotely for publishers, bloggers, and other online content creators.

Proofread Anywhere’s free workshop to help you get started as a proofreader. I’ve taken it, and it only took over an hour to complete.

It’s full of information to help you decide whether to start a proofreading online business.

3. Blogging

Blogging is my favorite way to make money, and it’s allowed us to stay home with our kids, have the freedom to travel, and enjoy financial freedom.

It’s a flexible online business that fits our family’s needs and made it possible for Brittany and me to quit our jobs and work from home full-time.

Blogging allows you to share your unique perspective on a subject and connect with a community. You can earn money blogging through affiliate marketing, sponsored content, and ads.

By consistently creating valuable content and optimizing it for search engines, you can attract a steady stream of visitors and earn money on your content.

Not sure how to start? My FREE Start a Blog Bootcamp can help you get your blog started correctly and make more money!

4. Gig Economy Side Jobs

Side gigs in the gig economy can earn you considerable money quickly. Gig economy jobs include short-term contracts, freelance work, and temporary jobs.

Popular gig jobs include food or grocery delivery, ride-sharing, pet sitting, renting out your car, and house cleaning.

For just a few hours a day, you can work for platforms like DoorDash or Uber and make extra money each day on your own terms and schedule.

Many gig economy side gigs offer the ability to set your hours and choose the gigs that suit your skills and interests to make $5,000 a month.

5. Facebook Ads Manager

Facebook Ads are a way to make money online that has emerged in the last few years. As a Facebook Ads Manager, you create and run ad campaigns for businesses.

It includes setting up the campaign, targeting the right audience, and tracking metrics.

This job requires some knowledge of Facebook Ads, but it is easy to learn and has a high earning potential.

I recommend taking the Facebook Side Hustle online course to learn how to make $5,000 monthly online.

You can earn a commission on each ad campaign you manage, with the potential to make thousands of dollars each month.

6. Course Creator

Do you have expertise in a particular field? Online course creation is a great way to share your knowledge with others and earn money.

You can create a course about anything, from coding to cooking, and set your prices. It’s like being a teacher online and turning that expertise into passive income.

As your courses gain popularity and attract more students, your earnings can grow, helping you achieve that coveted $5,000-a-month milestone in passive income with multiple income streams.

Creating a course takes time and effort, but the earning potential is great. Platforms like Teachable allow anyone to create and sell their courses online.

Taking the Six-Figure Course Creator course can help you learn more about maximizing your income potential by creating a course.

7. YouTuber- Social Media Influencer

YouTube has turned many people into what seems like overnight sensations, and becoming a YouTube partner is a real possibility for those who put in the effort.

Earning good money on YouTube channels doesn’t happen overnight, but it’s achievable with some ideas and a camera.

You can create videos on your YouTube channel that earn money through ads, plus earn extra income from affiliate marketing and merch.

But you may want to learn what content draws in an audience and how to monetize your hard work properly.

I highly recommend the Mastering YouTube course to learn more- it helped us make thousands from our YouTube channel.

8. Become A Virtual Assistant

More and more people are taking the entrepreneurial plunge or starting their own businesses.

And you know what that means? The demand for virtual assistants is on the rise!

Virtual assistants do many managerial tasks, like handling emails, monitoring social media, setting up appointments, managing spreadsheets, and more.

What’s cool is you don’t need a fancy degree or tons of experience for this job, and you can still bring in a solid $5,000 a month.

So, if you’re super organized and don’t let any detail slip through the cracks, why not think about becoming a virtual assistant and making extra cash from home?

9. Amazon Selling Business

The e-commerce industry has taken the world by storm, and it’s still expanding. One way to capitalize on this is by starting an Amazon selling business.

Amazon provides you with the platform to set up a store, and you can immediately sell and make income online.

Dropshipping with Amazon is a good way to make $5,000 a month. Simply put, you sell products at a markup price from a supplier without holding any inventory.

When someone buys the product, the supplier will ship it directly to the customer, and you pay the base price while your customer pays you more.

It’s a simple process but requires some marketing and a good eye for products. Learn more about starting a dropshipping business in Drop Ship Lifestyle.

10. Open An Etsy Shop

Opening an Etsy shop is a great idea if you want to create your own products and sell them on a unique platform with thousands of users.

My favorite idea to earn thousands and earn money passively is selling digital downloads on Etsy.

I spent a few hours making my printables for budgeting and life management, and I know I can make money every day without any additional work from me.

Designing printables is easy and requires only basic graphic design skills and using easy programs like Canva, and the best part is that you can create and sell them over and over again.

I highly recommend taking the e-Printables workshop by my friends at Gold City Venture to learn how to start making money online with a printables online store.

11. Content Creator

Content creators have a fantastic way to make money online – affiliate marketing. 

Here’s how it works: you recommend products or services in your content and share special affiliate links. 

Your affiliate income is from commissions- you earn a commission when people click on those links and make purchases. 

But here’s the thing- money doesn’t come in if you don’t know how to market your links and get people buying.

You can take a course like Making Sense of Affiliate Marketing to maximize your affiliate income and learn the ropes. 

The course is like your secret weapon, teaching you all the tips and tricks to effectively promote products and boost your online income with an affiliate program.

12. Retail Arbitrage

Running an online business can be a fantastic way to make a full-time income or generate passive income online.

One exciting approach is retail arbitrage, where you buy discounted products and sell them at a profit.

This strategy can potentially help you make a few thousand dollars each month online, especially on platforms like Amazon FBA.

With retail arbitrage, you’re like a treasure hunter, scouting for deals and finding hidden gems that once collected dust on store shelves.

All you need is a keen eye for discounts and a solid understanding of online marketplaces like Amazon.

13. Book Publisher

Looking to make $5k a month? Consider the world of self-publishing.

With perseverance and a compelling story, your self-publishing journey can lead to financial success and help you achieve your goal of making $5k a month.

It’s all about finding your targeted audience and offering them the stories they crave.

Writing, editing, and marketing your books can drive traffic to your creations and make money while retaining control over your creative vision.

Self-publishing on Amazon KDP is a business model that empowers you to earn more sales and higher royalties than traditional publishing.

14. Photography Business

Starting a photography business and making money from your photos can be an exciting and fulfilling venture.

It’s like turning your passion for photography into a profession that allows you to pursue what you love and offers the potential to earn money online.

Whether you specialize in selling stock photos, portraits, landscapes, or product photography, this venture can contribute to your goal of making $5k a month.

By honing your skills and marketing your services, you can attract clients and generate income from your photography business.

15. Flea Market Flipping

Love hunting for hidden treasures at flea markets or garage sales? Then flea market flipping is the side hustle for you.

Flea market flipping is buying items at low prices and reselling them for a higher price, often through online platforms like eBay or Facebook Marketplace.

Some people earn a full-time income from flea market flipping. The key is to find valuable items, negotiate low prices, and market them effectively online.

Plus, it’s another opportunity to turn your passion into a profitable venture and have a fun job that pays well.

Learn how to find treasures at flea markets and price them fairly with the free workshop from Flea Market Flipper.

FAQs

How much do I need to earn per hour to earn $5000 a month?

Breaking down $5,000 a month shows that even a seemingly modest income can make a significant impact.

It’s a practical way to see how this extra income can enhance your family’s financial well-being.

Based on an 8-hour day:

Daily: Earning $5,000 monthly – $250 daily or $31.25 hourly
Weekly: Every week, it’s about $1,250
Yearly: Earning $5,000 a month over a year adds up to a nice $60,000

What are the best-paying jobs?

There are several rewarding avenues to explore when it comes to achieving a monthly income of $5,000 or more.

Real Estate Investing: By carefully selecting and managing properties, you can generate rental income and build long-term serious money.

Using sites like Fundrise, you can find curated properties to invest in- and you don’t need thousands to start or be a landlord to earn extra money.

Blogging: Blogging is another excellent option. Most bloggers make money through affiliate marketing, sponsored content, and advertising.

Over time, this can help you achieve your monthly income goal while sharing your passion and knowledge with your readers.

Course Creator: Creating and selling online courses, like “Mastering YouTube,” can be a rewarding way to make $5,000 a month.

As your courses gain popularity, you can generate passive income while sharing your expertise with a global audience.

Can I make $5000 per month freelancing?

The answer to this question is yes. Becoming a freelancer can be a great way to make more money, but it requires persistence and dedication.

Some examples of high-paying freelancing jobs include freelance writing, web development, graphic design, and writing.

But you have opportunities for thousands of jobs as long as you have the skills to do the work.

The key to making money freelancing is finding clients willing to pay for your services on sites like FlexJobs.

My Thoughts

Making $5,000 a month is an exciting goal, but it’s essential to know that it’s achievable with hard work, dedication, and persistence.

The key to reaching this milestone is to keep an open mind and explore various opportunities that match your skills and interests.

And sometimes, it’s not just one that does the trick – it’s multiple income streams that provide financial stability.

Here’s a golden nugget of wisdom: focus on creating value for others.

Whether you invest after Fundrise, work as a freelance writer, sell stuff, or share your expertise, when you genuinely help people, the money tends to follow.

So, as you embark on your journey to make $5,000 a month, do work you enjoy and do it well to earn the income of your dreams.