Updated: Jul 17
We all want to make as much money as possible. But can you imagine how your life would change if you could make $1,000 a day?
What most Americans don't realize is how attainable this threshold really is.
Today, I'm going to cover the 15 best ways that you can make $1,000 per day in 2023.
How to make $1,000 in a day
The 15 best ways that you can start to earn a thousand dollars a day fall into three major categories:
Starting an online business
Lucrative side hustles
Start an online business
My favorite way to work towards the elusive $1,000 per day target is to start an online business. There is really no shortage of ways in which you can get started here, but I want to focus on four strategies in particular:
Building and selling eBooks and courses
Starting a coaching business
Launch an eCommerce store
Grow and monetize a blog
1. Selling eBooks and courses
Digital products are my favorite way to make money online in 2023. Here's why.
They perfectly exemplify the idea of passive income. You'll write an eBook or build an online course just one time, and then you'll be able to sell this product over and over again, which is awesome!
If you do it right, you may be able to make $1,000 a day with this strategy alone. To get started, I recommend that you think about what skills that you have to offer others. DIY and self-help guides tend to work well for both eBooks and digital courses. If you go the course route, Teachable is my go-to pick because of the depth of marketing and course building skills they offer.
2. Start a coaching business
Another lucrative way to build towards earning $1,000 a day is to start a coaching business. This strategy works well in tandem with writing eBooks or building an online course, as you can target the same target audience with another service offering that may work better for them.
To start your coaching business, you'll likely want to build a social media presence and build out your offering. Connecting with potential clients on LinkedIn is a great place to start, but you'll also want to build out a website for clients to find you.
3. Launch an eCommerce store
Launching an eCommerce store online has never been easier to do, thanks to sites like Shopify. But I believe there is an even easier way to get started. Buying items and reselling them on Amazon is not only potentially lucrative, but really easy thanks to Fulfilment by Amazon (FBA for short).
FBA allows you to ship your inventory to them, where they will handle your order processing, shipping, returns, and customer service. And while you'll pay a commission for this service, it frees up your time to otherwise continue boosting your income.
You may have different levels of success with different types of products, but generally, I've seen these work well:
4. Grow and monetize a blog
Next up on the list in the pursue to $1,000 a day is blogging. Starting and growing a blog will not bring steady and quick profits, but if you stick with it for 8-16 months, you'll likely be able to start making some money.
Blogging is appealing because your start-up and ongoing expenses are quite low, and may only include web hosting and a subscription expense to a web building site like Wix, WordPress, or Squarespace.
My blog has just started making regular income, but I know that, with more time and diligent effort, I'll be able to make at least $1,000 per day.
How to make money with your blog
The best part about blogging is that there are many different ways that you can make money. For instance, you can sell products, pursue affiliate marketing, and sell advertising space on your website.
To maximize your chances of success, you'll want to learn as much as you can about search engine optimization, which will help you to build web traffic without spending money on advertising. I recommend that you start with the following concepts to expedite the learning curve:
Title tag and meta description optimization
Technical on-page SEO
Check out my guide to growing and monetizing your own blog.
Other notable online business ideas to consider include:
5. Starting a pallet flipping business
6. Try flipping NFT, though this is risky
7. Bookkeeping for small business
The next major category of strategies that you can use to grow your daily income to $1,000 is investing. Now, investing is unlikely to pay $1,000 per day, but with enough time and work, you'll be able to average this amount of money per day.
This section includes strategies such as:
Investing in real estate
Invest in dividend stocks
8. Invest in real estate
Real estate investing can be really lucrative over the long term, but like blogging, is unlikely to pay dividends overnight. That doesn't mean it isn't worth it of course, as growing your income to $1,000 a day takes time and effort!
There are a number of different ways that you can make money investing in real estate. I'll cover two of the most popular here.
Buy rental properties
Probably the most famous way to make money off real estate is to buy rental properties. Of course, this will require a fair amount of cash to get started, and you'll encounter some ongoing expenses.
In time, you may opt to hire a trusted property manager, which will provide you the opportunity to sit back and collect rent checks each month.
Rent out on Airbnb
Airbnb can also be a great way for real estate owners to make some extra money. It is a great platform for a couple of reasons:
First, you don't need to worry about any long-term renters making a mess of your condo or home.
And secondly, the platform does a great job at finding renters for you.
Depending on the location of your Airbnb and whether you're looking to rent out a room or an entire condo/home, you may be able to earn $50-$250 per day - or more!
9. Invest in dividend stocks
Dividends can be an excellent way to work towards your $1,000 a day goal, though it is highly unlikely to get you there on its own. Remember - you'll have two options with your dividends. You can opt to have them paid out to you in cash or reinvest them in the stock that paid them.
What you do is up to you, though reinvesting them to buy extra shares can be a great way to build more significant future wealth.
Always consult with a professional investment advisor if you're unsure how to proceed.
Lucrative side hustles
The final major category of strategies that you can use to pursue $1,000 earning days is to build out lucrative side hustles to supplement your existing income. Among the strategies I recommend here are mowing lawns and doing laundry through the Hampr app.
10. Mow lawns for money
If I leave you with any of advice, it is that the actual strategies you decide to use don't actually matter all that much. For example, I encourage you to not shy away from mowing lawns because it isn't as sexy as becoming a real estate investor.
Mowing lawns can definitely put some real money in your pocket, and it carries much less risk than many of the other strategies on this list.
11. Do laundry through Hampr
One last tip for those looking for another side hustle to get closer to the $1,000 a day threshold: doing others' laundry through the Hampr app.
My other top side hustle ideas in 2023 include:
12. Freelancing as a DJ for weddings and other events
13. Performing pool cleaning and maintenance
14. Photography services
I'm a huge fan of service-based side hustles for a couple of reasons. First, they provide a good opportunity to make some good money relatively quickly. And second, with time, you'll be able to multiply your earnings by hiring some additional employees.
Successful service-based businesses are probably the quickest way to make $1,000 or more per day.
Again, it doesn't really matter how you reach your $1,000 target, or whether you pick one or more of the strategies on this list to help you get there.
A formula to make $1,000 in twenty-four hours
Making $1,000 per day will not happen overnight, and that is okay. It is a journey that will likely take every bit of creativity and energy that you can throw at it. Luckily for you, we've built a simple formula that you can leverage. It goes like this:
Keep your day job
Pick a side hustle or two to increase your earnings
Use your earnings to make more money
Following this formula over a period of time will do more than help you earn $1,000 per day. It will also help you build this income stream as passively as possible.
1. Keep your day job
To tilt the odds in your favor, you'll want to keep your day job, at least for as long as you can. Consider your daily income as it exists now. So, for instance, if you earn $60,000 per year, you're effectively earning $164 per day if you include weekends.
This leaves you with a gap of $836 per day to fill in order to earn $1,000 per day.
You'll also want to consider taking on extra responsibilities at work and maybe even ask for a raise. But if you feel like this will force you to work longer hours than you may like to, you should ask yourself whether you'd be happier and better off financially applying this time and effort to the next step of our income-generating formula.
The ultimate decision, of course, is yours.
2. Pick a side hustle or start an online business
Now that you understand exactly how large of a gap you'll need to fill in order to generate $1,000 per day, it is time to get to work on a side hustle or two. We'll talk more about your options in a minute or two, but you will want to begin exploring your options.
For now, your options fit into one of a few main buckets:
Online side hustles
Other side gigs
More: These are the 25 most unique side hustles
3. Put your earnings to work
This just may be the most important step of the process. Just collecting your earnings in a bank account won't cut it if you're looking to generate $1,000 per day. You have a couple of main options here. You can opt to:
Invest in traditional assets, like stocks, bonds, mutual funds, ETFs, etc
Use your earnings to purchase/invest in other cash-generating hustles or businesses
And while we cannot provide you with information that would be considered investment advice, especially from a capital markets perspective, we can outline your options for you. But as it pertains to using your earnings to generate further income and cash flow, you have a plethora of options, which will be discussed next.
Learning how to make $1,000 a day may seem like a herculean task, and it can be. But when you break it down into daily, weekly, and monthly tasks, it begins to become a much more achievable task.
And by learning to break it down into the steps we've outlined here, you just may be able to make $1,000 a day your reality.
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