Most people think of get-rich-quick schemes like gambling and the lottery when it comes to how to make 50k a month. In this article we take a look at 10 Profitable Online Jobs where you can earn over $50,000 a year without a degree — and most of them allow you to make your own schedule.
You can make 50K a month through graphic design, an e-commerce business, blogging, Online Writing, consulting, Software as a Service (SaaS), real estate, retail Arbitrage, YouTube, or being a Social Media Manager
10 Profitable Online Jobs
Realistically, not many jobs can pay you $50K a month. So, you have to think beyond formal employment. It often means working online or starting a business, with the latter requiring an investment.
All these ten jobs form the basis of this blog post, and I’ll show you how you can make $50,000 using each.
Whether you’re looking to escape the cubicle or just earn extra cash, these options can help.
1. Sell Software as a Service (SaaS)
Software as a service (SaaS) licenses are paid on a monthly, biweekly, or yearly basis. SaaS companies including Dropbox, Google Workspace, Mail Chimp, Shopify, Zoom, and Salesforce are among the most prosperous ones.
So, do you have programming or software development skills? Then perhaps you should give SaaS a chance. If you can’t do it but have a brilliant idea, find an IT expert to help you create and monetize the software.
Read Also: How To Make Money Online With Your Phone
2. Freelance Writing
One of the more profitable online jobs I’ve attempted is freelance writing. I began modestly, but within a year I was making more than $100 per hour. And it’s a skill that’s in higher demand than ever because of the rise of content marketing.
In the beginning, you can expect to earn around $15 to $30 per hour for online writing jobs. But over time, as you build your portfolio and client base, you’ll be able to charge significantly more (and even make six figures a year)
3. Start an E-commerce Business
Online commerce is the way of the future for business, and e-commerce companies are dominating the industry. So maybe that’s something to think about.
All things considered, there are a ton of e-commerce venture ideas that you can fund, and you can build your online store using platforms like Square Space, Etsy, Shopify, Woo Commerce, Big Commerce, and Selfy.
The ideas include the following:
- Online course – An e-commerce store also allows you to promote and sell an online course. So, if you have the skill to create one, you can set up this store and start making money.
- Dropshipping – Dropshipping is an order fulfillment business that doesn’t require you to hold or ship the inventory. All you have to do is advertise the product on your website or online store, wait to receive the order and payment from customers, and pass the orders for fulfillment to the supplier.
- Clothing line – You can also set up an online store to see clothes. These could be print-on-demand, custom clothes, or anything focusing on fashion.
- Sell merchandise – You can try selling merchandise on marketplaces like eBay, Bonanza, and Facebook Marketplace and get to make money.
- Sell a service – If you have a high-in-demand skill like programming, digital marketing, voice-acting, SEO consultancy, or copywriting, you can set up an online store and sell your service.
- Sell handmade products – You can use a platform like Etsy to sell handmade products directly to consumers. That includes jewelry and woodwork.
4. Graphic Design
For those who are artistic, graphic design is an excellent means of making money from your passion. The way people browse the web is changing, particularly with the rise of mobile devices.
The highest-paid graphic designers use a variety of techniques in their creations. With expertise in direct response marketing, sales, and branding, many graphic designers are able to charge more than $100 per hour.
Websites like Canva have provided beginner graphic designers with the tools and resources they need to create professional designs and get freelance job
5. Build a Profitable Blog
Contrary to most perceptions, blogging does pay, and making $50K monthly or even more is possible. It is not easy. It takes time, and more importantly, you must invest in your blog in terms of good content and SEO.
You can monetize your blog in a variety of methods when blogging, which enables you to generate passive money. As for myself, I use affiliate marketing, combining it with advertisements and being a member of several affiliate networks.
So, if you have a strong interest in writing, you might want to give this a try. Selling things, digital goods like e-books or online courses, or even providing freelance writing services are other ways to make money from your content blog.
Read Also: 20 Ways To Make Money From Home
6. Social Media Manager
Many business owners are too busy to maintain their social media accounts on a regular basis or to answer queries from customers in a timely manner. This is the reason that so many companies are hiring social media managers these days.
In fact, through 2031, the Bureau of Labor Statistics projects a 10% increase in the number of jobs for social media marketing managers. Furthermore, digital marketing was listed by LinkedIn as the hardest talent to include on a resume.
As long as you have the ability to post, curate and manage content on social media channels, you can start taking on clients today. But the big money is in learning how to effectively deploy paid advertising, such as Facebook ads. Businesses need new customer leads, and you can earn premium wages if you know how to use things like micro-targeting to deliver ads to just the right audience.
7. Launch a YouTube Channel
Another option to get passive revenue is through a sponsored YouTube channel. You can monetize it via views, merchandise sales, affiliate marketing, and sponsored content. Moreover, you can try crowdfunding, licensing your video material, and making money through membership.
Your target should be to join the YouTube Partner Program once you reach 1000 subscribers and 4000 watch hours within a year.
Regarding earnings, If you’re in a good niche allowing you to make about $500 per 50,000 views, that means for you to earn $50K, you must have 5 million views in a month.
8. Flip Websites
One of the profitable online jobs is flipping webites. Purchasing and selling websites can generate revenue. All you need to do is buy promising websites, make improvements, and then turn a profit by selling them. It follows that you need to be proficient in both SEO and web design, or hire someone to handle both tasks for you.
When you’re ready to sell your website, go back to Flippa.com to see what you may purchase if website flipping is something you’re interested in. Even though one website might not bring in $50,000, you could need to make several website investments.
But again, some websites can pay $50K in one go – it all depends on their potential and marketability.
9. Offer Consulting Services
Expertise is always in demand, and as a consultant, you can focus on a variety of specializations. These inches contain some of the most marketed consulting services:
- Digital Marketing
- Health and Fitness
- Business and Finance
- SEO
As a consultant, you can start your website or use a freelance platform like Upwork. It’s, however, essential that you are certified to offer the service and should be able to prove it.
You set your rates with consultancy services, making it possible to make $50K a month.
10. Join the Amazon FBA Program
There are various ways to earn $50,000 on Amazon in a month. To begin with, if you own a website or YouTube channel, you can sign up for the Amazon affiliate marketing program to start making passive money through product recommendations.
Secondly, consider the retail arbitrage business model, which entails purchasing goods at a discount and reselling them on Amazon for a profit. Thirdly, you can ship goods to Amazon warehouses and give them the opportunity to sell them on your behalf by enrolling in the Amazon FBA program.