The post How to Make $10,000 Fast in 2023 appeared first on Millennial Money.
Whether you’re planning to buy a new car, saving for retirement, or just want to make extra money, it can be challenging to figure out how to make money quickly. You might wonder if it is even possible to make $10000 fast.
I’m here to tell you that there are countless legit ways to make a lot of money in a short amount of time.
Here, I’m going to share some legit ways anyone can make $10000 fast. Each of these methods has been tried and tested and can be a great opportunity if you’re willing to put in the work.
16 Legit Ways to Make $10000 Fast
Here are some of the best and most practical ways to make $10,000 fast so you can be prepared for whatever financial needs come your way:
- Get a Side Hustle
- Sell Unwanted Jewelry
- Sell Your Unwanted Stuff
- Rent Out Your Spaces
- Rent Out Your Stuff
- Set up Passive Income Streams
- Invest in Real Estate
- Invest in the Stock Market
- Become a Freelancer
- Become a Consultant
- Become a Virtual Assistant
- Teach Your Skills Privately
- Flip Other People’s Stuff
- Start an E-Commerce Shop
- Ask for a Raise
- Start a Money-Making Blog
1. Get a Side Hustle
To make $10000 fast with a side hustle, you should consider tackling a few at once. There are plenty of gig apps where you can search, apply, and manage your side gigs.
A few popular ideas for side hustles include:
- Babysit or tutor through Care.com
- Deliver food with DoorDash, UberEats, or Grubhub
- Deliver packages for Amazon through Amazon Flex
- Give rides with Uber or Lyft
- Help with household projects and repairs through TaskRabbit.com
- Offer pet-sitting or dog-walking services through Rover.com
- Shop for groceries through Instacart or Shipt
The best part about side gigs is the flexibility to do them when it’s most convenient for you. If you have a full-time 9:00-5:00 job, delivering for DoorDash after work positions you to earn big at peak dinner delivery hours.
Another benefit is that if you drive for Uber, Uber Eats, DoorDash, Instacart, and Grubhub, they will pay you on the same day you deliver your services—just transfer your payment from the app to your bank account.
2. Sell Unwanted Jewelry
Selling jewelry you no longer want or wear can earn you quick cash. The amount that you can get depends on the value of what you have. If you have high-quality items, such as diamond rings or gold necklaces, they could bring in a substantial amount.
There are a few options for your unwanted jewelry. You can bring it to a local jeweler and see if they will buy it from you. If you’d prefer to sell your jewelry from the comfort of your own home, you can sell it online through platforms like Worthy.
With Worthy, their certified gemologists will clean and grade your jewelry, take professional photos of it, and list it for auction to over 1,000 professional jewelers. Once your piece sells, Worthy will pay you within four business days. (Heads up, they will take a fee, ranging from 10% to 18%, based on the final selling price of your jewelry).
3. Sell Your Unwanted Stuff
The quickest, most straightforward way to make extra money is to sell your unused items. These items are already at your disposal—you just need to decide what to let go. The more value an item has (i.e., car, laptop, phone), the more money you can get for it.
With mobile apps like LetGo, Craigslist, or Facebook Marketplace, you can post an ad for your items, and buyers can either pick it up from you or have it shipped to their homes.
Not only will this help you make money, but it will also help you declutter your house in the process.
4. Rent Out Your Space
If you have an extra room in your home or a second home you’re not actively using, you can make extra cash by renting it out through apps like Airbnb and Vrbo. This is easy passive income—create a listing for your space, set up a rental agreement with your renters, and collect money while you’re away.
With Neighbor.com, you can rent out your empty garage, driveway, basement, and even a closet to local folks needing storage space for their business’s inventory, their car, or other personal belongings.
Consider offering a lower rate than the franchise storage locations or local parking garages to attract more renters and generate more income. Additionally, as it doesn’t require much time, you can easily combine this with other side hustles and increase your income even faster.
5. Rent Out Your Stuff
If you don’t have an extra room to rent or aren’t interested in selling your belongings, why not consider renting out your car or belongings? Believe it or not, apps are available to set you up with people looking to rent your car, your clothes, and more!
If you have an unused or second vehicle, you can list it on a platform called Turo—like Airbnb, but for your car! Turo connects you with potential renters looking for a car in your area. You can list multiple cars, earning up to $10,000+ a year from each. You don’t have to worry about pick-up or drop-off—just leave your car in a parking lot or garage, and the driver takes care of the rest.
List the clothes you’re not wearing for rent on StyleLend. When someone rents from you, you ship the item to them and keep 80% of the rental price, and they’ll send it back to you after seven days. This is a great way to earn extra cash while helping others find the clothes they need for special events.
With sites like Loanables and RentNotBuy, others can rent your household items, including electronics, tools, gardening equipment, and more. This is helpful for those who infrequently need a tool or device, saving them money on purchasing it brand new.
6. Set up Passive Income Streams
In our growing digital age, you can take plenty of approaches to set up passive income streams to make $10,000.
Today, one of the most common methods is to create an online business. This can involve developing a website, blog, Etsy shop, or e-commerce shop where you can sell either physical products (like crafts or handmade items) or digital products (like ebooks or online courses). With digital products, customers can order and download them without your direct involvement.
Additionally, you can use affiliate marketing to monetize your blog and make money online through affiliate links. When you sign up to be another company’s affiliate, you’ll receive a unique link to include on your own site. When your visitors click and make a purchase, you’re paid a commission for the sale.
Investing is another strategy for passive income, as you can get returns on your investments with little effort on your part, whether in the stock market, real estate, or mutual funds (which I’ll explain in the next few sections).
7. Invest in Real Estate
If you have a solid understanding of the real estate market, you might benefit from investing in real estate properties.
Here are a few options if real estate is the route you want to take:
- Rental properties: By investing in rental properties, such as single-family homes, apartment complexes, or commercial buildings, you can earn semi-passive income through monthly rental payments from your tenants. I say semi-passive because, as the property manager (or landlord), you will have ongoing responsibilities, such as managing tenants and handling repairs and maintenance of the property. Keep in mind that this approach will require a substantial investment upfront.
- Flipping houses: When you flip a house, you purchase a property (usually one in need of restoration), make repairs and improvements, and resell it at a higher price. Your goal is to buy low, and once you’ve added to the home’s value, quickly sell it for a nice profit. You’ll want to consider the costs involved, including the initial property purchase, improvement costs, marketing and advertising, and realtor fees. Do your due diligence and research the market before diving into flipping.
- Real estate investment trusts (REITs): With REITs, you can invest in income-generating real estate, including apartments, office buildings, shopping centers, and more. REITs distribute their earnings by paying dividends out to their investors—giving you a steady stream of passive income without having to own or manage properties yourself.
- Real estate crowdfunding: Real estate crowdfunding platforms allow you to pool your money with others to invest in real estate projects, such as rental properties or real estate This is another way to earn passive income without purchasing a property.
While real estate is considered more of a long-term investment, the potential gains you can see make it worth the wait.
8. Invest in the Stock Market
Similar to real estate investing, you can also choose to open a brokerage account and invest in the stock market. To make $10000 quickly, it’s helpful to have an understanding of the market and a diversified portfolio of several assets.
If you want to invest in individual companies, dividend-paying stocks are ideal. Shareholders receive dividend payments (usually quarterly), which is an extra income stream. Identify stocks with a high dividend yield, a good track record of consistent dividend payments, and the potential for future growth.
Another option is investing in ETFs and mutual funds, which gives you access to a diverse collection of assets, including stocks, bonds, and other securities, which spreads out your investment risks.
Once you’ve decided how you want to invest, you’ll need to choose a brokerage firm, such as M1 Finance, Fidelity, or Public.com so that you can create and fund an account. You can open a robo-advisor account, which manages your investments for you, or a self-directed account, where you manage them yourself.
Stay informed about market news, and keep a well-informed and diversified portfolio—that way, you have the best chance to make $10000 fast with the stock market.
9. Become a Freelancer
Freelancing is becoming a popular way to make extra cash as a side hustle, as you can create your own hours, set your own rates, and choose the projects you want to work on. Through freelancing, you can make money by providing services such as:
- Coding
- Data entry
- Graphic design
- Photography
- SEO
- Social media marketing
- Transcription
- Video editing
- Virtual assistant work
- Web design
- Writing
Freelance writing is perhaps the most lucrative option to make good money in a relatively short amount of time. As a freelance writer, you can get hired for various projects, such as writing web content, emails, blog posts, social media content, and much more.
Consider your skills that could prove valuable, and based on that, the services you can offer. You can find freelance writing gigs on platforms like Upwork and Fiverr. Take the time to build a solid portfolio of work samples to showcase your abilities to potential clients. As you gain experience, you’ll be able to freelance for higher-paying clients.
Taking the plunge into freelance writing can be rewarding, and with the right amount of dedication and skill, you can find success with it.
10. Become a Consultant
Like freelance work, your unique skills or areas of expertise could position you to be a consultant. Make money by offering your talents and services to businesses who need it, mainly offering guidance to address their challenges, propose solutions, and implement strategies to improve their current systems.
As a consultant, you can work independently or join an established consulting firm, giving you access to a range of clients and projects. Many consultants use apps like Upwork or Fiverr to connect with clients and offer their services for extra cash. Once you’ve worked with a few clients and earned positive reviews, you can increase the rates for your services.
With the right skills and a solid professional network, consulting can be an excellent option to make money fast. Plus, if you’re paid by project or work under a retainer, you can make money even when you’re not actively working.
11. Become a Virtual Assistant
A virtual assistant or VA is a busy entrepreneur’s right hand. In the same vein as consulting and freelancing, becoming a virtual assistant offers you the flexibility of creating your own hours and rates, and working from the comfort of your own home. Even with a full-time job, setting aside a couple of hours each night and on the weekend can help you get closer to your $10,000 goal.
VAs typically handle various administrative tasks, such as data entry, customer service, website maintenance, scheduling, social media management, travel planning, content writing, and more. If you can work your way around Microsoft Office or Google Suite, you can work as a VA.
To begin as a VA, you’ll need to create a portfolio showcasing the services you’d like to offer. You can look for jobs through sites like Upwork, Fiverr, and Craigslist, and market your services through social media and networking events.
With some experience and consistent delivery of on-time, quality work, you can attract high-paying clients who want to retain you monthly for your fantastic service.
12. Teach Your Skills Privately
With the rise in popularity of gig work and digital learning, there has never been a better time to leverage your knowledge and skills to make money.
There are several options for teaching virtually, including:
- Create online courses through Udemy, Teachable, or Podia
- Find tutoring gigs through Wyzant or Care.com
- Teach English online with VIPKid
- Teach online group classes through Outschool
Not only is it rewarding to help others learn and grow, but like other service-oriented opportunities, you can set your hours and rates, depending on your experience and level of expertise. Experienced tutors can make upwards of $50/hour.
If you have a passion for helping others and knowledge or skills in a particular subject area, you can make money online by teaching.
13. Flip Other People’s Stuff
Flipping items is similar to flipping houses but with much less upfront costs and effort. But if you have an eye for a good deal, or enjoy restoring old items, flipping other people’s stuff could be a great gig for you.
Thanks to apps like eBay, LetGo, and Craigslist, it’s easy to find items that people are willing to part with for a discount–sometimes even for free. With a little research, you can find items that people are willing to pay more for, allowing you to make a nice profit.
You can also make money from apps such as Chairish and Everything But the House, which specializes in reselling vintage items, including furniture, art, and other collectibles.
14. Open an E-Commerce Shop
Starting your own business from home has never been easier or more accessible. While e-commerce is a popular way to make money online, it requires a degree of effort, especially at the forefront.
To begin, you’ll need to decide what type of shop you want and what you want to offer your target market. You could utilize print-on-demand, dropshipping (or purchasing products in bulk and reselling them), or creating your own physical or digital products.
If you are interested in selling online, there are two paths you can take. Either the do-it-yourself route, setting up a website or social media channel to promote and sell your products, or opening a store on an existing platform with an established customer base, like Amazon or Etsy.
If you choose to do it yourself, you’ll need to set up a website with a reliable hosting provider, preferably one that offers WooCommerce to manage your products and orders. You can market and promote your online store with SEO keywords, PPC (pay-per-click) advertising, social media or influencer marketing, podcasts, or a YouTube channel.
If you are new to e-commerce or selling in general, a good place to start is with Amazon FBA (or Fulfilled By Amazon). With Amazon FBA, you can list your products on Amazon, store your inventory in their warehouses, and have them fulfill and ship your orders.
With e-commerce, you’ll want to do your due diligence in researching trending products, identifying your target audience, and creating an attractive offer.
15. Ask for a Raise
Asking for a raise at your full-time job isn’t going to get you an immediate $10,000, but it will increase your yearly salary. Remember, a raise is an investment in yourself—don’t be afraid to ask for it!
Don’t just pop your head in your boss’s office and make demands. Prepare yourself for the conversation. Be ready to explain why you should get an increase. Examine your current workload, responsibilities, and achievements. Are there tasks or special projects you’ve taken on that you weren’t originally hired for? Share any positive feedback you have received from colleagues or customers with your boss.
If you are prepared, confident, and can show tangible evidence of your valuable contributions, you should ask your employer for a raise.
16. Start a Money-Making Blog
One of my favorite ways to make money online is to start a blog. Millennial Money began as a blog and has transformed my life–personally and professionally. I will always advocate for you to do the same. The thing to remember with blogging is that the money doesn’t roll in overnight. But, the efforts you put in now will pay you later.
Current trending niches for blogs include personal finance, health and fitness, lifestyle, and travel. A blog focused on one of these topics could see a decent amount of traffic; however, you will need to research and become an expert in the area you’re writing about. Google rewards content from those with first-hand experience, so it’s best to write about what you know and are passionate about.
Bloggers have several opportunities to make money from their blogs, including:
- Affiliate marketing (earning a commission when you promote someone else’s products or services)
- Sponsored posts (where a company pays you to write about their products)
- Google AdSense (displaying ads on your blog and earning money from clicks)
- Selling digital products like e-books, courses, or templates
- Selling your own products and services.
Some minimal costs to factor in when starting a blog include purchasing a domain name, hosting fees, and certain plug-ins or software.
Invest the time and effort to create valuable content and learn how to earn income through it, you can sit back and enjoy the benefits of your passive income stream generated by your blog.
Tips to Make $10000 Fast
Now that you have some money-making ideas, here are a few bonus tips to help you on your journey to make $10000 fast:
- Set attainable goals: Making any amount of money requires ongoing motivation. Set smaller, attainable financial goals to keep yourself accountable until you reach $10,000. Determine the amount of money you want to earn every day, so you can easily monitor your progress as you work toward your ultimate goal.
- Cut bank on your spending: Another way to boost you closer to your goal of $10,000 is to review your monthly budget and cut back in the areas where you can reasonably reduce your spending.
- Be mindful of burnout: While you will need to be dedicated to your goal, you still need to make sure you are taking care of yourself! Get your rest, take regular breaks, and don’t forget to eat! If all you do is work, you’ll burn out well before you reach $10,000.
Frequently Asked Questions
What is the fastest way to make money?
The fastest way to make money is to make deliveries via Uber Eats, DoorDash, or GrubHub, as they will pay you the same day you complete your work.
Similarly, selling your valuable items will earn you quick money when the items are picked up or delivered.
Do your best to avoid borrowing money, particularly with a payday loan. The interest rates on these loans can be sky-high, and it’s easy to get caught up in a never-ending debt cycle.
What skills do I need to have to make $10000 fast?
To make $10000 fast, it’s helpful to have skills and knowledge in finance, marketing, and business, but it is not required. With a side hustle, you will need to communicate effectively with customers, network, and build relationships to keep your business running smoothly.
However, at the end of the day, as you have an entrepreneurial mindset, passion, and determination to run a successful small business and make money, that will keep you going in the face of long hours and challenging obstacles.
Do I have to pay taxes on the money I earn from a side hustle?
Yes, you should report all of your income on your taxes. Legally, companies have to issue a 1099 form when you earn $600 or more; however, some companies will issue it, even if you earned less than that. When you get paid, set 15% aside in a savings account so you aren’t surprised with a huge tax bill at tax time.
How Can You Make $10000 Fast?
Making $10,000 in three months might seem daunting, but it is possible. Your ability to make it happen depends on your dedication and willingness to put in the work.
Whether you take on a side hustle, accept a few freelance writing gigs, invest in the stock market, or sell your belongings, you can maximize your success by combining two or more of the money-making strategies I mentioned here. The more you combine, the more likely you are to reach your $10,000 goal—and maybe even exceed it.
The key to your success lies in finding the strategies that work for you, sticking to them—and don’t give up!
Good luck! I’m rooting for you!
The post How to Make $10,000 Fast in 2023 appeared first on Millennial Money.
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April 27, 2023 at 12:22AM
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