How To Make 5k a Month With A Real Business

Ready to turn your passion into profit and make a consistent 5K a month with a real business?

Look no further! In this blog article, we’ll explore diverse and legitimate avenues to help you achieve that financial milestone of earning a few thousand dollars monthly. Achieving this can be a significant step toward financial freedom.

From starting your own blog, leveraging social media marketing, and offering translation services to delving into the world of SEO, virtual assisting, and selling stock images, I’ve got you covered.

Buckle up as I unveil the secrets to making 5K a month with a real and sustainable business.

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Is it Possible To Make 5K a Month Making Money Online?

So, I will keep it straight to the answer. Yes, it is possible to make $5,000 a month online, and many people do so through various methods, even those with absolutely no knowledge.

However, it’s important to note that success in online endeavors often requires dedication, effort, and time.

Therefore, in this article, I will list the best ways to make 5K a month. Also, I will give you some tips on how to start and what to pay attention to.

👉 Also, read about How To Make 1000 A Day Fast and Legit.

👉 Check out the Best Side Hustles For Women – Make Money From Home.

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Best 15 Legit Jobs To Start Making 5K A Month

1. Start A Blog

Starting a blog involves creating and regularly updating an online platform where you can publish articles, stories, or other types of content.

So, if you want to start a blog, you must select a niche or topic you’re passionate about, choose a domain name, set up a website, and create engaging content for your audience.

Creating passive income streams through blogging is essential for long-term financial success.

Also, making 5K a month from blogging is possible, but success varies. Many successful bloggers have achieved this level of income and even more, but it often takes time, dedication, and strategic planning.

Reading awesome income reports from other bloggers can be a great source of inspiration and motivation.

Thus, I recommend that you monetize your blog. Hence, here I will list several ways to make money from a blog, including:

• Advertising: Display ads on your blog and earn revenue when visitors click on or view the ads.
• Affiliate Marketing: Promote products or services and earn a commission for every sale made through your affiliate link.
• Sponsored Content: Partner with brands to create sponsored posts or reviews.
• Products/Services: Sell your own products or services.

👉 Check out the 15 Best Shopify Blog Examples To Double Your Organic Traffic.

Here’s a good example for you.

Beavertown Brewery shows how a successful blog can look great and be easy to use. Their blog has a nice, clean design, making it simple for people to find what they’re looking for. They use GemPages to make the blog special for their readers.

What’s cool about Beavertown Brewery’s blog is how they make each post personal. They know that people who already buy from them like different things than new visitors. So, they make their content fit what each group likes.

Another thing they do is put their products on the blog. If you see something you like, you can click a button and buy it right there.

Social media platforms like Facebook, Instagram, and TikTok are getting more popular, and putting ads on them is a thing now!

According to dropshipping stats, in 2024, Facebook will remain the largest platform for marketers, with more than 10M of them. Plus, 63.7% of Americans aged 13 and above see Facebook ads. So, if you are wondering how to make 5k a month, here’s your chance.

This is why companies are looking for social media managers to handle how they talk to the public. And, as Google Trends show, it really is a high-demanding job.

So, turning your social media skills into cash by becoming a social media manager might be a smart move. And, if you’re wondering how to make money from home, you can learn to handle accounts, make content, and get clients.

For instance, freelancers on Upwork charge between $20 to $75 per hour for these services.

3. Translation 

If you’re fluent in more than one language, it’s a handy skill that can turn into a profitable venture to earn extra money, especially in the field of translation. Since many websites aim to reach an international audience, there’s a demand for translating their content into different languages.

So, yes, in today’s world, being a translator is a legitimate job, and your language skills can be quite valuable. In fact, based on Google Trends results, translators are really in high demand.

Many translators typically charge a minimum of $20 to $50 for smaller projects or between $0.05 to $0.30 or even more per word. So, this is another opportunity if you wonder how to make 5k a month.

Moreover, there are different specialized areas within translation, such as technical, writing, legal, website, and medical translation, among others.

4. Search Engine Optimization

SEO (Search Engine Optimization) is a high-demand field, and many businesses are actively seeking professionals who can help improve their online visibility.  

You can offer a variety of services in the SEO field, like improving on-page content, handling technical aspects, researching keywords, conducting SEO audits, managing off-page strategies, and more. 

As more companies recognize the importance of having a strong online presence, the demand for SEO experts has grown significantly. Just take a look at Google Trends Results for SEO specialists. 

Whether you work as a freelancer or in a full-time position, it can also influence your income and allow you to earn money online. Freelancers often set their rates and can potentially earn more per project. 

For instance, on platforms like Upwork, specialists in SEO charge anywhere from $10 to $200 per hour for their services, which is a great way to make 5k a month.

Many SEO professionals achieve or exceed a $5,000 monthly income. However, success in this field often requires a combination of skill, experience, dedication, and effective business practices.

5. Virtual Assisting

Virtual assistants offer remote administrative support to businesses or entrepreneurs, handling tasks like managing emails, scheduling, and customer service.

So, when businesses need assistance in areas where they lack expertise or when they’re too busy, they bring in virtual assistants.

One of the advantages of being a virtual assistant is the flexibility to work from anywhere with an internet connection. This flexibility is appealing to those seeking work-life balance. 

Furthermore, virtual assistants’ earnings vary based on factors such as experience, skills, the complexity of tasks, and the clients they work with. 

For example, on platforms like Upwork, virtual assistants typically charge hourly rates ranging from $5 to $50, although rates can go higher depending on the specific services offered and the virtual assistant’s expertise. 

So, if you take multiple projects, you can make 5k a month.

6. Sell Stock Images 

Selling stock images can be a rewarding way to monetize your photography skills. Thus, you just need to choose reputable stock photography websites or agencies to sell your images. 

Platforms such as DepositPhotos, Adobe Stock, Canva,  iStock, and Alamy allow photographers to showcase and sell their photos. So, this means that regular people, businesses, and designers can purchase the rights to use these images for their projects.

The best part, you don’t have to be a photography expert to sell pictures on these websites. If you have a decent camera and some photography skills, you could make 5K a month by selling your photos through these platforms.

For example, check out this photo, just a regular piggy bank photo that costs $10.99!👇

Another option is selling your images directly on your personal website to avoid commission fees. However, this requires investing in advertising and developing a strategy to attract visitors to your site.

Thus, you need to add accurate and relevant keywords and descriptions to your images. This helps potential buyers find your photos when searching.

7. Start Freelancing On Upwork

Do you have skills in writing, graphic design, digital creation, programming, or marketing? Freelance writing, for example, is a specific type of freelancing that can help you achieve your income goal by earning money from home through sponsored posts, selling books, and providing value through blogging and digital content creation.

👉 Discover Is Dropshipping a Good Side Hustle To Start In 2024?

Well, platforms like Upwork, Fiverr, and Freelancer provide opportunities for you to display your talents and connect with clients worldwide. This allows you to understand how these platforms work and begin making money online through your skills. And, of course, potentially achieve to make 5k a month.

For instance, I have my own Upwork profile, which enables me to take on various content writing projects and generate passive income.

Plus, setting up a profile is pretty straightforward and makes it easy to start. And, your approach would include having a discussion with the client to grasp their needs. Afterward, you’d produce blog articles.

Upon finishing the project, you ensure it meets the client’s expectations, compensate the developers based on your agreement, and deliver the final product to the client.

💡 Tip*: Check out the Best DropServicing Ideas & Examples For Making Money Online.*

8. Start One Product Dropshipping Store

One Product store is a dropshipping store centered around selling just one item. The whole online shop is crafted around this single product.

But why would an online business limit itself to selling only one thing? Well, the truth is, you don’t always need a massive variety of products to do well. It’s entirely possible to thrive in the dropshipping scene with just one standout product idea and transform it into a real online business.

There are significant advantages to focusing on a single product for your dropshipping audience. Simply put, you can give your fantastic product idea the attention it deserves and build a brand** much easier.**

Connecting the dots between what you’re selling and who you’re targeting becomes much simpler. It also makes it easier to establish a recognizable brand identity for your solitary product.

Since it is a one-product store, the first essential is to find the WINNING product. In my case, I utilize product research tools to pinpoint winning products.

Currently, I’m using Minea for this purpose. This tool helps me uncover profitable products by tracking social media ads and providing insights into popular purchases.👇

👉 Check out my BlendJet Review: How This One-product Store Is Making Millions? This dropshipping store is actually making millions of dollars based on one product. So, yes, it is definitely possible to make 5K a month with it.

9. Start Niche Dropshipping Store 

Niche dropshipping stores enable you to concentrate extensively on creating a strong brand and narrowing down the range of products you offer. In my opinion, it is one of the best ways to make 5K a month or even more!

For instance, if you decide to kick off a dropshipping jewelry store, it would exclusively feature items like rings, necklaces, bracelets, and more. Alternatively, in the realm of home decor niche, you’d incorporate a variety of exercise-related products.

Moreover, if you choose a niche that resonates with you, opting for dropshipping niche stores can help you easily connect with your target audience, boost conversions, and, in general, engage in something you’re passionate about.

For example, one niche dropshipping store that I have always admired is GymShark, which is headquartered in the United Kingdom and is recognized as one of Shopify’s leading users. This particular dropshipping store attracts over 9.3 million visitors each month.

With a substantial social media following and customers spanning 130 nations, GymShark has solidified its position as a significant global player.

👉 Check out the Dropshipping Business Ideas To Earn Extra Income In 2024.

Influencers have gathered followers in a specific dropshipping field and can significantly influence people’s purchasing decisions globally.

As an influencer, you get paid to endorse products using your personal brand on social media platforms. Your earnings come from sponsored posts, partnerships, and affiliate marketing.

In simple terms, influencer marketing means an influencer getting paid by someone, be it an individual or a business, to promote their business.

So you are wondering if you can manage 5K a month with influencer marketing? Let’s take a look at some numbers:

Here are some general guidelines, although it’s important to note that individual rates can vary significantly:

• Micro-Influencers (1,000 – 100,000 followers)– typically charge anywhere from $50 to $500 per post, depending on their niche and engagement levels.
• Mid-Tier Influencers (100,000 – 500,000 followers)- rates for mid-tier influencers can range from $500 to $5,000 or more per post, depending on their audience demographics, engagement rates, and niche.
• Macro-Influencers (500,000 – 1 million followers)– charge between $5,000 and $20,000 or more per post. Rates can vary based on factors like audience demographics, industry, and the influencer’s overall popularity.
• Mega-Influencers (1 million+ followers)– they command higher rates, ranging from $20,000 to several hundred thousand dollars for a single post. Top-tier celebrities and influencers with massive followings may negotiate even higher fees.

This marketing method is widely used across all social media channels, but it’s particularly popular on Instagram. And, according to Influencer Marketing Hub, almost 70% of influencers prefer Instagram.

Let’s take the example of a famous fitness influencer. Kayla Itsines promotes her personal brand and her fitness program, which offers various plans that followers can subscribe to.👇

11. Rent Properties 

Earning money from renting properties can be a lucrative venture, but it’s important to approach it with careful planning and consideration. Thus, only this way can you achieve making 5k a month.

Here are some steps and factors to keep in mind:

➡ Purchase the Right Property

Choose a location with a high demand for rental properties. Based on the local market, consider the type of property (residential, commercial, vacation rental).

For example, a residential apartment in a bustling city, a commercial space in a growing business district, or a vacation rental in a popular tourist area like Orlando, Florida.

➡ Calculate Expenses 

Factor in the cost of property acquisition, maintenance, property management, property taxes, insurance, and potential vacancies.

For instance, if you buy a $300,000 residential property, you might spend $1,500 annually on property taxes, $1,000 on insurance, and $500 on maintenance.

➡ Set Competitive Rental Rates

Research the local market to determine the average rental rates for similar properties.

Consider the amenities and features of your property when setting the rent.

If similar properties in your area rent for $1,200 a month, and your property has additional amenities like a swimming pool or gym, you might set your rent at $1,300.

➡ Marketing and Advertising

Use online platforms like Zillow, social media like Facebook, and traditional methods like flyers to attract potential tenants.

Also, highlight features like “spacious backyard,” “newly renovated kitchen,” or “close to public transportation” in your advertisements.

➡ Tenant Screening

Conduct thorough background checks on potential tenants to reduce the risk of late payments or property damage.

➡ Property Management

Decide whether you’ll manage the property yourself or hire a property management company.

Management companies typically charge 8-10% of the monthly rent. For example, if your rent is $1,200, the management fee might be $120.

➡ Legal Considerations 

Familiarize yourself with local landlord-tenant laws to ensure compliance. Thus, create solid lease agreements to protect your interests.

➡ Maintenance and Upkeep

Maintain the property regularly to keep it in good condition. Respond promptly to tenant requests for repairs.

Potential earnings vary widely based on factors such as location, property type, market demand, and property size.

In the United States, for example, rental yields typically range from 4% to 10%, but these figures can vary. So, if you buy a property for $250,000 and rent it out for $1,500 monthly, your annual yield would be 7.2%.

12. Start Selling With Amazon FBA

Amazon FBA, short for Fulfillment by Amazon, is a handy service that lets Amazon sellers hand over the tasks of storing, packing, and shipping their products to Amazon.

With Amazon FBA, Amazon stores and ships your orders, and it also manages all your customer service needs, including handling returns and refunds.

Amazon provides a strong online platform with lots of customers. So, if you want to boost your sales to 5K a month quickly, this could be the answer.

Moreover, you can set up shipping plans, send items, monitor shipments, and remove items from Amazon storage centers.

Another big plus of using Amazon FBA is that you can offer Prime shipping. This means you can draw in more customers who want quick and dependable delivery. This might lead to more people buying from you and sticking around as loyal customers.

Additionally, consider creating an epic online course to share your knowledge and monetize your content. This comprehensive course can cover various aspects of blogging, helping others achieve success.

Also, on Amazon, people can find all sorts of products using keywords, categories, or specific criteria. Just make sure to check if your dropshipping suppliers are trustworthy.

13. Resell Shoes Online

Reselling shoes involves buying limited-edition or rare shoes and selling them at a higher price for profit. This is a real online business, with the market estimated to hit $30 billion by 2030, and a 16.4% annual growth rate, the sneaker market could reach about $13.37 billion in 2024.

You can sell these shoes on various online marketplaces, social media, or even your own blog. Initially, you might make an extra $100-150 per pair, but as you gain experience and access to more exclusive sneakers, profits can reach $600-800 per pair.

So, let me do the math. When you reach this level, you can make 5,000 a month even if you sell approximately 7-8 pairs of exclusive sneakers at $700 each.

For example, Casey Woodard started KickFlips after realizing his talent for selling different things. His friends asked him to teach them how to sell sneakers, leading to the creation of KickFlips in February 2021. Now, with over 1,500 users, KickFlips generates $4,000 monthly with minimal expenses.

14. Domain Flipping

Domain flipping involves buying and selling domain names for profit, often by identifying valuable or trending keywords. If done right, this can be a highly profitable online business.

Profit Ranges:

• Low-Value Domains: $100 – $500
• Mid-Range Domains: $500 – $2,000
• High-Value Domains: $2,000 – $10,000 (or more)

However, keep in mind that success in domain flipping requires skill, market awareness, and persistence. So, keep learning, adapt to industry changes, and actively market your domain portfolio.

For instance, GoDaddy is one of the largest domain registrars globally, offering a wide range of domain-related services.

My advice on this is to research trending keywords, buy low and sell high, and market your domains on specialized platforms.

15. Start a YouTube Channel

Starting a YouTube channel can be a great way to showcase your passions and potentially earn passive income through ads and sponsorships. However, building a following might take time, but the rewards can be substantial.

For instance, Marques Brownlee (MKBHD) is a YouTuber known for his detailed tech product reviews. His channel covers smartphones, laptops, and cameras, boasting over 19.1 million subscribers.

You don’t even need to create original content to make money on YouTube. Hence, you can make game reviews, product reviews, how-to guides, and more.

However, in my opinion, you should focus on a niche you are passionate about, create high-quality content, and engage with your audience to grow your channel.

Conclusion

Throughout this article, you’ve gained insights into various legitimate and diverse ways to make 5K a month with a real business.

From the creative realm of blogging to the dynamic fields of social media marketing, translation services, and SEO, each avenue offers its unique potential to generate income online.

I’ve even discussed the possibilities of dropshipping, whether through one-product stores, niche stores, or social media influencing. Online courses are available to help you learn the necessary skills and strategies to achieve your income goals.

Now, the big question arises – is it legitimate, and should you try it out? The answer lies in your passion, dedication, and willingness to put in the effort. Many individuals have found success in these ventures, but it’s crucial to recognize that each path requires commitment, strategy, and continuous learning. Before diving in, assess your skills, interests, and goals. Experiment with what aligns best with your strengths and preferences.

In my opinion, the potential to make 5K a month with a real business is plausible and achievable. However, it’s essential to approach each endeavor with a realistic mindset, understanding that success may not happen overnight.

So, take the knowledge gained from this article, weigh your options, and embark on the journey that resonates most with you.