There are literally thousands of business opportunities out there.
Some are relatively easy to get into. Others require significant time and small business capital to get off the ground. Earning $1K a day won’t happen overnight — but this business strategy can get you started.
The right mixture of hustle, creativity and financial opportunities can help you figure out how to make money like a boss.
If your goal is to make $1,000 a day, one smart strategy is “stacking” your efforts. Combining your income opportunities with other smart, money-generating, and money-saving moves that help you grow wealth.
We’ve listed 10 proven business strategies that will allow you to meet your long-term goal of earning $1,000 per day.
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Start a Blog
You may laugh at this, but I speak from experience. If you love to write and don’t mind working hard, blogging might be a great business idea. One of the benefits of starting a blog is that there are many different ways to earn passive income.
You can earn money with advertising or affiliate marketing. You can set up an online store with Shopify and sell products with dropshipping, write an e-book or develop an educational course, sell access to the content through your blog, or start a podcast. Setting up your own website or blog is easy and inexpensive. Bluehost offers a free domain name and hosting costs as little as $2.95 per month.
To succeed with this online business, think outside the box and develop content that provides a unique solution for people. Of course, it would help if you were also well-versed in web design and how to use social media and search engine optimization (SEO) to drive traffic to your site.
Although it’s relatively easy to become a blogger, succeeding with this business takes time. If you truly want to earn a full-time income with a blog or e-commerce site, you must treat it as a new business and put a significant amount of time into growing your website and generating traffic.
If you are new to blogging, read https://wowplus.net/how-to-start-your-own-blog-101/ to learn how to get started.
2. Start Multiple Businesses
When it comes down to it, doing business is really the only way you can build up these income levels.
There will be more than one note about businesses on this list because multiple businesses are more or less the sole way to get this level of income without an awesome corporate job. In addition, online businesses are easy to run and only require a few hours a week to maintain.
There are the options of monetizing blogs and YouTube channels discussed above, but you could also get into something like crowdfunded fashion designing.
Of course, if you’re making the products yourself, you are going to need to add a significant amount of time in developing and production, which is really going to cut your bottom line.
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Invest in Real Estate
Many people are nervous at the thought of investing in real estate and becoming a landlord. However, that shouldn’t be the case because real estate can be a very profitable side business.
Sure, you would indeed need a multi-million dollar portfolio 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 to look for homeowners 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. But, of course, 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.
4. Start a YouTube Channel
Another home business idea is to start a YouTube channel.
According to rankings site Alexa, YouTube is the second most visited site in the world, next to Google. This means if you can create video content that people want to watch, there is enormous income potential.
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 who do make a success are making considerably more than $1,000 per day.
You can start a YouTube channel about almost anything, as long as it adheres to YouTube’s community guidelines and publishing policies. To start earning from youtube, you need a Google account. Sign up using your Google account and create a channel.
To learn more about how to make money from youtube, check out https://wowplus.net/how-to-make-money-on-youtube-top-6-strategies-for-success/.
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Invest in the stock market
The stock markets traditionally make between 8%-10% per year, depending on the specific market, you are invested in. They will, of course, go through ups and downs, but as long as you are prepared to buy stocks with the view of keeping your money tucked away long-term, you can watch your investment grow over time. However, even at 10% per year, do bear in mind that you will need a couple of million dollars to invest.
You can earn 1000$ per day from the share market with the right share buying and selling skills.
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Become a High-level Freelance Writer
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, 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.
Writing helps you get jobs as an ads writer or content writer and influences your personality. A good starting base to build your portfolio of clients is Upwork, which was used by 28% of Fortune 500 companies last year.
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Trade Forex
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 $1,000 per day in profits is well within reach. Just remember, you’ll need to risk a lot of money to meet this target, so make sure you know what you are doing.
If you are good at forex trading, you have the opportunity to make a super high profit of even more than 1,000$, and you also have 24/7 trading opportunities.
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Write and sell books.
If you can write an excellent book that sells well, you could easily make $1,000 in daily revenues. For example, if you sold your book for $10 per copy, you’d only need to sell 100 copies per day. But, of course, some of the bestselling books out there sell a lot more than this, so there’s always the chance that your book cuts.
The good thing is no investment is needed other than your time. You can write something you know of or create a fiction novel. Then, when you are done, you can sell your books online or in-store.
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Take online Surveys
With surveys, you can easily earn more than 1,000$ per day online. Surveys are the method of gathering information for increasing knowledge. They are often taken to access the feelings and thoughts of a person on certain things.
But do you know they actually pay for taking surveys from you?
Surveys have become a great source of income, and anyone can easily earn 1000$ a day by just doing surveys.
But it’s also true that most websites are scams, which don’t pay you for your work. You spend hours taking one survey, and in the end, they say, “sorry, you are not eligible.”
How does this feel?
Disappointed and enraged.
I am showing you only two websites that really pay and are reputable by taking this in mind.
Swagbucks: Swagbucks is a legit website. You can earn more than 1000$ per day, not only surveys but also by watching videos and surfing the web.
Upon completing every task, you earn some points, which you can redeem into cash or gift cards.
Survey Junkie: Survey Junkie is also a 100% legitimate website to earn money online. This is also one of the most trusted sources for earning by taking surveys. When you complete more than 2 to 3 surveys, you can expect to earn $1,000 a day online.
You can share your opinion in surveys to help brands deliver better products & their services.
Most people I talk to about paid surveys had tried it before but said they didn’t make a lot of money – around $1 to $10 per survey. So it’s NOT your fault…
The problem is you didn’t know how to get started. Although, to be honest, when I started taking paid surveys, I didn’t make any money either!!
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Earn By Watching Videos
It’s interesting to earn while entertaining yourself and passing your free time. Inboxdollars are the same as Swagbucks, but it also pays for watching shows based on your interest.
After collecting your rewards by watching TV or any shows, you can redeem them into cash or other rewards.
If you are, you can expect to earn 1000$ per day without investment online while watching your favorite tv shows. How cool is that?
The Bottom line
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.
Try giving the tips on this list a try. They’re a lot more realistic once you’ve actually tried to accomplish them.
Of course, remember the golden rule of business: money makes money.
