For example, two popular posts on This Online World are my posts about jobs that pay 5K per month and jobs that pay 10K.
But recently, I was thinking about what kind of jobs or business ideas you might try to earn a much higher amount of money per month.
And, after reading and thinking a lot, I found some cute ones!
So, today I'm covering some ideas to earn 50K per month.
Obviously I'm a long way from reaching $50,000 a month in income, but hey, it never hurts to daydream and every plan has to start somewhere!
Let's get busy!
How to do 50K per month
Many methods of earning $50,000 a month involve making money online or starting your own business.
That's because while concert apps like driving for DoorDash or Uber Eats are great side activities for making quick money, they can't earn $50,000 a month or even come close.
I hope one of the ideas on this list sets you apart as something you can try!
1. Start an Ecommerce Business
From everything I've read and some of the people I've met over the years, I think the most realistic way to make $50,000 a month is to start an ecommerce business.
I actually worked in digital advertising after college and eventually found my way to a California-based ecommerce startup.
And let me tell you: there's a crazy amount of money in ecommerce.
There are all sorts of ecommerce success stories of people who start selling a product or service online and eventually scale up to earn millions per month or year.
This could be a clothing brand, a niche product, or even something like selling memes.
I'm not kidding… I met the guy who created products like The Meme Bible and other memes merchandising, and was able to make millions of dollars from his Dank Tank business.
The point is that ecommerce has the potential to make $50ka a month or more if you can go viral or rack up enough website traffic to sell serious volume.
The good news is that you also have plenty of options on how to start your business.
Personally, I think Shopify is one of the best-selling platforms since it's affordable, secure, and makes it easy to create your store without knowing how to code.
You can also checkout Sellfy, which allows you to create an online store in just 5 minutes!
I actually played around a bit with Sellfy, and it's a quick way to get your store up and running, and you can sell physical products, digital products, subscriptions, and even print products on demand.
Anyway, if you want to build a brand and sell online to make $50,000 a month, I think ecommerce is a great business idea to try!
Start your ecommerce business with Sellfy!
Making money with a blog is not quick or easy.But in terms of income potential, I think blogging is one of my favorite online businesses out there.
Now, earning $50,000 a month with a blog isn't something most blogs will ever achieve, but again, the potential is there.
And what I like about blogging is that income is really just a function of traffic; the more traffic you have, the more money you typically make.
In addition, the blog has many options for making money, including:
- Run display ads
- Affiliate Marketing
- Sponsored Posts
- Sell your products
- Branching in freelance
Currently, This Online World earns over $20,000 per month, but it had months of $50,000 or more when I converted all earnings in $USD into Canadian.
Most of my blog's revenue comes from Mediavine ads and affiliate marketing.On average, This Online World earns $1,000 a day or even more if affiliate sales go well.
The process of scaling This Online World showed me that blogging is a way to get $50,000 per month or more.Really, the sky is the limit for a blog's income potential.
I also plan to start other blogs and could totally see a network of small blogs working up to $50,000 or after many years of hard work.
And of course, some of the biggest blogs in different blogging niches make hundreds of millions of dollars, so again, the potential is there!
Extra reading: How I Earned $272,000 with a blog in 2022.
Another way to earn $50,000 in a month is to make money on YouTube.
Now, this is another digital hustle and bustle I've been experiencing over the past year and a bit, and these days, my little channel makes about $600 a month.
This is, again, very far from earning $50,000 per month.
However, like blogging, YouTube has an incredibly high revenue ceiling due to the amount of traffic and views you can generate.
The reality is that if you get millions of views per month on YouTube, you can earn $50,000 or more per month in ad revenue, sponsorships, and affiliate revenue.
I have a post about how much YouTubers earn and here's what some of the highest earning YouTubers earn:
- VanossGaming: $11.5 million.
- PewdiePie: $13 million.
- Preston: $14 million.
- Ryan Kaji: $26 million.
Clearly, that's more than just making $50k a month!
Sure, these are the best channels, but you can find a lot of YouTube revenue reports where people earn tens of thousands of dollars every month.
I interviewed my friend Ryan who runs a successful financial YouTube channel and Ryan earns nearly $20,000 a month in ad revenue and probably earns even more from affiliate revenue!
And, even though YouTube alone can't earn 50,000 per month, you can always combine business ideas like YouTube and blogging or some other side hustle and bustle ideas and earn $50,000 with multiple revenue streams.
4. Retail arbitrage
Some time ago, I interviewed a fantastic couple who run a million-dollar retail arbitrage business.
Retail arbitrage basically involves buying popular products that you find at a discount and then reselling them online for a profit.
Usually, retail arbitrage sellers buy products in liquidation from stores like Walmart or Kohls or even from places like thrift stores or pawn shops.
Popular retail arbitrage products to sell include:
- Household items
- Seasonal merchandise
- Video games
From there, sellers can choose a variety of online platforms to sell on.
Marketplaces like Amazon are popular with the Amazon FBA program, and some retail arbitrage sellers also use selling platforms like eBay or Mercari.
The point is that retail arbitrage works and you have a lot of options.So, really, the challenge is to source a fairly popular inventory and sell it quickly.
If you read my interview with the million-dollar retail arbitrage business, it's clear that it's possible to earn $50,000 a month through retail arbitrage.
However, I would say this is unlikely for most sellers in all honesty, and scaling back retail arbitrage income can be very slow due to the time it takes to source products, so keep that in mind!
5. Real estate
There's a lot of money in real estate, and that's pretty much always been the case throughout human history.And the nice thing is that if you want to make $50,000 a month, real estate has a few options that could get you there.
For starters, some real estate agents can earn hundreds or millions of dollars a year with commissions alone.
Of course, this is highly unlikely and many real estate agents actually lose money when you take into account licensing fees and how most active agents are actually inactive.
But I had to mention selling real estate as an option since technically it's a way to make $50ka a month.
However, real estate also has many other options on the table, including:
- Real estate reversal
- Earn income from rental units
- Investing in real estate crowdfunding
For real estate crowdfunding, you can theoretically invest in stock and real estate debt to earn $50,000 per month.
This is a better solution for passive income, and there are a few companies you can use to invest in real estate.For example, Fundrise allows you to invest in income-generating properties starting at just $10.
Similarly, you can invest through PeerStreet and earn interest from real estate debt and get paid on a monthly basis to consistently earn income.
Finally, rental income is one of the most popular ways to make money renting things and I know some people who have bought a duplex, live in one unit and rent the other.
Sure, you'd need several rental properties to earn $50,000 a month, but hey, this is still an option!
The bottom line is that real estate is incredibly lucrative, so it's certainly possible to earn $50ka per month if you have enough streams.
Extra reading: how to invest and earn every day.
Although this is a rather niche method of earning $50,000 each month, counseling is an incredibly lucrative field that has this kind of income potential.
There is also a variety of industries that hire consultants, including:
- Human resources
- Digital Marketing
- Business Analytics
- Business development
I've actually already earned over $10,000 with SEO consulting and Facebook Ads and found consulting jobs on Upwork and from my network.
I also know a few people who offer advice (many of them work in SEO or ecommerce) and have heard of monthly deductions ranging from $1,000 to $10,000 and above.
Many times, consultants also branch out into a kind of "agency" business model and provide consulting services to clients, but they also outsource the results to a team of freelancers.
SEO is really the manifesto of this, and once again, I've met some agency owners who have a group of clients with monthly deductions but outsource most of the SEO work to their remote team.
Overall, I think earning $50k each month with consulting would be a pretty rare feat to accomplish, but it's still a possibility!
7. Software as a Service (SaaS)
Software as a Service, or SaaS, involves licensing software to customers in exchange for money.
Basically, with a SaaS product, you allow customers or businesses to use the software you've developed in exchange for monthly payments (or biweekly or yearly, but some sort of money!)
Some extremely profitable companies are SaaS companies, and examples include behemoths like Dropbox, Salesforce, and Google Workplace.
Now, chances are you'll make $50,000 a month with a SaaS company or build the next Dropbox aren't too likely.
However, there are fantastic SaaS success stories from solopreneurs or small teams of programmers who make SaaS products that increase revenue very quickly.
One interesting case study comes from Canny, a SaaS customer feedback management company that shares how it achieved over $1 million in annual recurring revenue.
Canny worked his way up to earn over $1 million a year in recurring revenue, meaning he didn't receive massive venture capital funding or anything like that.
The company had 7 people to reach this million dollars and the entire journey took less than 3.5 years to complete.
Overall, I think this is a pretty inspiring example of how to make $50,000 a month or more starting a business.
Sure, the world of SaaS is extremely competitive, but hey, if you have a software idea, you can always try to start it yourself or work with a small team!
Extra reading – How to make money by programming.
I mentioned selling on Amazon to make money with retail arbitrage, but you can also sell your products through Amazon FBA.
Amazon FBA, or Fulfillment by Amazon, is a program that 73% of Amazon sellers use to sell on the platform.
With Amazon FBA, ship your inventory to paid Amazon warehouses.When you make a sale, Amazon handles shipping and logistics, not you, so you can focus on running your business.
Amazon FBA can also handle the packaging for you if you pay extra and there are two seller plans to choose from:
- Individual Plan: Costs $0.99 per unit sold.
- Professional Plan: It costs $39.99 per month.
Amazon FBA products are also Prime eligible and usually qualify for 2-day shipping, so your Amazon listings are more interesting to customers.
Overall, the Amazon FBA program is one of the most beginner-friendly ways to start selling on Amazon.
Of course, Amazon is still immensely competitive, so scaling your business to $50,000 a month in income is easier said than done.
But between selling your products, retail arbitrage, or even white-label products from other manufacturers, you have plenty of business opportunities to explore with Amazon.
Extra reading: The Best Ways to Earn on Amazon.
Frequently asked questions
How can I earn $50,000 per month in passive income?
If you want to earn $50,000 a month in passive income, I think investing is the most realistic option for most people.
Investing in dividend-paying stocks or real estate with companies like Fundrise are examples of how you could start here.
Sure, you'd need a pretty large portfolio to generate $50k a month from dividend income and appreciation alone.
But again, it is possible and mathematics works, so it is an option worth considering.
The only other idea I can think of would be to create an online business that can generate $50,000 a month and outsource most of the work so that it's basically a semi-passive income.
Extra Reading – The best hustle and bustle on passive income side.
Is $50,000 per month how much per year?
If you earn $50,000 a month, that's equivalent to earning $600,000 a year.
Here's how the exact math works for each week, day, and hourly rate:
- Monthly salary: $50,000.
- Biweekly Salary: $23,076.
- Weekly Salary: $11,538.
- Daily Salary: $2,307.
- Hourly wage: $288.
This assumes that you work 40 hours a week, and as you can see, this amount of earnings requires $288 per hour!
Extra Reading – How to Earn $800 Fast.
I hope this guide on how to make $50ka a month inspires you to tackle a new side hustle or start a business.
Blogging is the strategy I'm using to chase this kind of income, as well as make money with YouTube and work freelance.
But whatever your case, I think daydreaming about this kind of income goal is nice.And if aiming high pushes you to grow, I think that's a great thing.
Good luck with your mission to earn $50,000 a month!
Looking for more money making ideas?Payment :
- How to Start a Print on Demand Business on Etsy.
- How to quickly earn $2,000
- How to earn $ 5,000 fast – 14 best methods .