Let's be frank from the start here, unless you've managed to land an absolute dream job, it's going to be very hard to make a thousand dollars EVERY day.
Sure, there are a lot of ways to earn a thousand dollars a month from home with an online business or offline with a side job, but making a $1000 a day is a different story.
But it isn't out of reach to make a thousand dollars in one day, so we're going to talk about the various ways that you could do that.
Now, if you are looking to make a thousand dollars every day (on average, say, if you were making 7000 dollars in a week or 30,000 in a month) it isn't impossible, but it's going to require some serious effort and coordination on your part.
Sure, it could be done if you were a lawyer, or a CEO, or had one of these high paying jobs but it can also be done as a layman if you combine effort, critical thinking, and a little bit of luck.
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1. Building up Multiple Streams of Income, Preferably Passive Streams of Income
We'll cover this one first because it's probably the most grounded way to approach this concept.
The best way to make 1000 dollars in a day isn't by making a 1000 dollars off of one task, it's by making 100 dollars off of 10 tasks.
Now, if I told you that you could make a 100 dollars in one day, that wouldn't sound so extreme.
It's all about finding a way to combine it all together, and building up over time.
Start by establishing a source of passive income, like getting a promotional car wrap, or writing some online articles that pay per page view, like through HubPages.
You could start a blog, or a YouTube channel, and monetize it.
These are all good ways to get started with passive income.
2. Starting Multiple Businesses
When it comes down to it, doing business is really the only way you can build up these levels of passive income.
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. 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 T-shirt designs (ala Teespring or SpreadShirt) or selling your handmade wares (ala Etsy or Origami Owl.)
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.
Avoid websites like Fiverr, as they require far too much work for too little a pay to hit those big dollars we've got in mind.
3. Managing a Lawn-Care Business
Assuming this service hasn't already been soundly covered in your area, you can easily snag up some money by doing lawn-care for multiple neighborhoods.
Work out some agreements with some homeowners and hire people to do the work.
Pay your workers at a rate where you can both satisfy them and leave some profit for yourself.
It doesn't have to be a big profit for you– this is all about the big picture.
Grow your business as much as you can, spread through word of mouth and offer occasional deals.
Diversify your services and offer seasonal lawn care (like snow-shoveling and leaf removal).
If you play your cards right, this can be the simplest, most direct way to establish yourself in the business world.
4. Get Into the Sale of Big Ticket Items
This one is more in the vein of 'official employment'.
Landing a commission based job with a high rate (insurance agents, car sales, and real estate all fit the bill) is a great way to earn big dollars if you have any skills in sales.
You have to have it in you to work out deals with your customers that allow you to obtain a juicy profit, so this option is definitely personality-dependent.
However, if you are naturally skilled in sales, this type of job has a low barrier of entry and a high outlier of monetary success.
Salespeople are constantly turning over for employment since it requires the right touch to succeed.
If you have the will, there are almost definitely sales jobs in your area right now.
5. Land a High-Paying Job
OK, OK, so this one is kind of a no-brainer.
We'd all be doctors and lawyers if we could, right?
There is an obvious barrier to entry here, but this list wouldn't be very thorough if we didn't accept it as an option. Jb industries dmg-5 user guide.
Yes, if you invest the time and energy to meet the prerequisites these jobs require, your desired income is within reach.
You might already be thinking, 'but if going to school for 10 years was part of my plan, I'd have done it already!'
Touche, good reader, that's a fair point. But did you know there are 100k a year jobs that DON'T require college education?
Territory warunblocked evrything. Look into becoming an Air Traffic Controller. It'll take some special educating of its own, but only that. This is a high stress, high focus job, so be aware of that going in.
6. Learn to Flip or Refurbish
This one is more in the vein of 'making a thousand dollars in ONE day' than 'making a thousand dollars EVERY day,' but it still belongs on this list!
If you have any manual skills, you can learn to flip or refurbish and make solid profits on it.
Buy a good car with a shoddy transmission for 3k, fix it up, polish it, sell it for 6k.
That's solid, basic business in its raw form.
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You could also do other types of flipping, like flipping furniture, or flipping houses (the highest effort and profit margins of them all!).
I actually wrote a post about making an easy $500 a week on Craigslist by flipping items. It's not too far fetched to think that by scaling up that method you could earn up to $1000 a day.
This one has a barrier of entry for different reasons, but flipping has been the ally of the handyman for many years already.
Manually skilled readers should definitely consider this as an avenue for revenue if they are capable.
7. Start a Blog
You may laugh at this, but I speak from experience. Although I don't make $1000 every single day from my blogs, I do have days where I make that much.
Furthermore, I know bloggers who consistently make a thousand or more a day from their blog.
Of course, it takes a lot of hard work and dedication, as well as a very good niche that you can monetize your blog based on.
If you are new to blogging, read this short guide to learn how to get started.
Ways to Make Extra Money on the Side
Now, if you're looking for easy ways to make an extra few hundred dollars a month here and there in your spare time, you're in luck. We have shared hundreds of easy and quick wasy of doing juts that.
Take a look at thee posts for great money making ideas that will help you earn extra cash every day.
We have a lot more. Feel free to use the search bar on the homepage to find other similar posts.
You can also use search on Google by entering, 'site:moneypantry.com make extra money' (without the quotes) in the search box.
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In Closing
Making a thousand dollars in a day is a reality, if you have the drive to make it.
Why make 500 dollars in a week? If you don't want to settle for your fixed wages, 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.
If you inject a little bit of cash into your various business ventures, you'll increase your overall margins.
DO pay for advertising on your businesses, DO pay your subordinates good wages. The more willing you are to spend money to make money, the more realistic a thousand dollars in a day becomes.
I Need 1000 Dollars Fast
Everyday my spouce and I dream up another way to make money. Sure there are the traditional methods for making money, but surprisingly there are easily 100 different ways to make $1,000! For each of the following ideas listed below, I am assuming the savings would be over the course of a year. Some of the ideas are easy to implement and could be done by the end of the day. Others take research and time to put in place. But, by the end of a year, if you can action each of the ideas below you should be able to put aside a considerable amount of extra cash. Who couldn't use an extra $100,000 at the end of the year?
I invite you to think about the possibilities or your own experiences and to share them. I will add the best ideas to this article and in no time we will have 100 ideas. I wish I could get all my ideas down right now, but here is what time currently permits. Check back soon and I will hopefully have updated the list.
1. Home Budget: Don't flinch at the prospect, it is easier than it sounds and a very effective way of saving (which in essence is making you money). Record your expenses for 1 month. Review what you have spent on everything from utilities to miscellaneous expenses. Leave nothing out. At the end of the month, evaluate what you have spent money on. Figure out ways to cut down on utilities (do you need all your phone services, can you go from digital cable to regular cable, can you save by using the same provider for phone, cell, cable etc?). What are you spending on take-out and coffee? You get the idea. A plan that will save you $100 a month will net you a savings of $1,000 in less than a year.
2. Garage Sale: Seriously…we have done this twice and it is amazing what all your junk will add up to! Old clothes, books, furniture, pictures, appliances, electronics etc. Why leave it sitting in your garage and basement. Two garage sales where you bring in $500 each over the course of a year will give you another $1,000.
3. Consolidate Debt: If you have multiple credit cards with high interest rates, look at ways to consolidate your debt and put it onto the lowest interest baring card. You may also want to consider using a credit line, a personal loan from your bank or borrowing if you can get a better interest rate. Switching from a credit card charging 15% plus to a lower interest rate could save you a lot of money, but we will assume for this exercise that over the course of the year it will save you another $1,000 dollars.
4. Re-negotiate your mortgage: Another trick that we have used more than once. Don't think that just because you are in the middle of a mortgage term that you have no negotiating power. Shop around, find out if you are at the best possible mortgage rate and then approach your bank. They may consider blending your current rate with the new rate for the remainder of your term. Or, depending on the charges for breaking your mortgage it may be worth it over the term of your mortgage to go elsewhere for a better mortgage rate. A savings of $1,000 may be conservative in this case.
5. Start a Blog: Well, the jury is out on that one….I will have to let you know later if you can make $1,000
6. Buy Wholesale vs. Retail: You may pay a membership for wholesale shopping but depending on what your needs are, the savings over the course of a year could be substantial. This is especially true if you are looking for a large ticket price item (furniture) or if you need to buy in bulk.
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7. Move: Okay, I didn't promise you that these would all be easy…but it is all about thinking outside the box. We have moved 3 times and bought and sold an additional 3 properties in the last 7 years. These transactions, less applicable taxes, lawyer fees and moving expenses have been very profitable. Of course it takes some vision about what people will want in the future and what will be a limited commodity and therefore worth more money, but if you are willing to risk it, this can be as good as an additional income. As well, you may have to get creative about how to finance the purchase of additional property until you have the equity to buy it outright, but the planning is half the fun.
8. Buy Used Vehicles: You can't reinterate this one enough. Cars lose half their resale value the minute you drive them out of the dealership. Shopping for a vehicle that is only a year or two old (many still under warentee) is a great way to save $1,000's.
9. Buy Gifts in Advance: Don't wait for Christmas, Birthdays etc. to buy gifts. When you are rushed you are more likely to pay top dollar. Make a list of all the gifts that you will need over the next 6 months and then watch for sales, price shop, use points (HBC, Airmiles etc.).
10. Use Coupons: Ok, this took me a long time to come around to, but once I was converted, I became a true believer. I find myself anxiously awaiting the weekly paper that brings the stack of fliers for the week. Yes, it means going to more than one grocery store, but here is an easy way to save $1,000 over the course of the year.
11. Borrow: Maternity clothing, babies clothes, evening wear etc. are all big ticket items. If you can pool with someone else or borrow an outfit that you will only need once, the savings will quickly add up.
12. Use no annual fee credit cards: Well, this probably won't add up to $1,000 over the course of a year, but it will add up. There are so many good cards with no fees, there is really no need to use one that carries a fee.
13. Use Point Credit Cards: If you can get something for nothing…use it. Point cards are now available to meet your every need. Get free groceries, airfare, gifts etc. We use are points for everything from travel to free movie tickets.
14. Trade Stuff: Everyone has something at their dispossal that someone else would like. It could be something you bake, something you do, something relevant to your line of work. Learn to capitalize off this commodity. Trade for things that someone else has that you would usually pay cash for.
15. Use the library: If you haven't been for awhile, you should go. At the library you can get free internet access, books, magazines, movies, book on casset, etc. If you are a big reading and movie buff it doesn't take long for these costs to add up over the course of a year…and the library is free.
16. Get a Sports Package instead of Game tickets: Sure, going to a sporting event is great, but for the cost of one or two games you can buy a sports package and have every game at your disposal and save a lot in sporting events in the mean time.