Making 10,000 dollars a month in 2023 with AI isn’t as unusual as you might think. Not only is it entirely doable, but… isn’t it the best way for us to spend more time with family, enjoy life’s adventures, or even, say, earn a college degree without adding to the staggering student loan debt crisis?
It’s pretty amazing we have these choices today – in large part thanks to all this rapidly-advancing AI technology. AI tools are easy to use, inexpensive, and extremely cost-effective – allowing one person (yes, you) to efficiently launch a 10k a month business in a matter of weeks.
The better question is, why isn’t it for you? Whether you’re a beginner just out of high school, a busy freelancer, a not-so-busy expert in your field, or you currently run your own business but want to loosen its grip on your life, I think you’ll find some great ideas and inspiration on how to make 10k a month – with minimal upfront costs.
Quite often you’ll find lists of just the ideas on how to make 10k a month, less often those key step-by-step instructions on the actual how to make 10k a month. Since the what and the how go hand-in-hand, my aim is to present both and reduce the overwhelm that can accompany an endeavor such as this one. To that end, and if you haven’t already, you’ll want to check out Part 1: How to Make 10k a Month in 5 Easy Steps. It gives you a basic roadmap with a few marketing tips so you can be on your way to quickly earning extra income.
Here are 11 proven ways on how to make 10k a month: Start a blog, sell SEO writing services, sell VA services, offer AI consulting services, launch an affiliate marketing site, sell social media management services, launch an e-commerce site, sell email marketing services, sell print-on-demand products, start a YouTube channel, sell virtual bookkeeping services, and self-publish a book.
Artificial Intelligence (AI) is the exploding field of technology that enables machines to process and understand data, as well as enable them to do tasks traditionally done by humans.
If you’re providing a service, like web design or development, you can automate tedious tasks with AI-powered solutions. If you want to capitalize on passive income streams like digital products or services, AI tools can help you increase website traffic organically, without having to hire an SEO agency. Whether product, service, affiliate blog – whichever online business you choose – AI tools can free up time and expenses like never before. Reinvesting some of that time into growth activities is also key on how to make 10k a month!
Let’s dive in…
Monetizing a blog is an effective way to create a sustainable source of income. A few ways you can monetize your blog include: selling sponsored content, becoming an affiliate marketer, selling services or products, setting up Google Adsense on your site, creating online courses or webinars related to your brand’s content topics, or doing freelance work through the blog platform itself.
AI-based writing assistants like Jasper.ai can help you improve the quality of your writing and identify areas that need improvement. By incorporating AI tools into your blogging strategy, you can dramatically reduce the time it takes to attract readers to your site and generate 10k a month.
Blogs need constant upkeep, management and optimization. Do you have a marketing plan, with a clear strategy and milestones? Are you putting too much time into one area that isn’t producing results, and neglecting other crucial areas, like guest posting? As a blogger, your site health and vitality is critical, right down to those WordPress plugin updates.
As businesses become increasingly aware of the importance of SEO, offering AI-powered SEO writing services can be a lucrative way to make 10k a month.
For instance, you can use AI writing assistants like scalenut.com to create high-quality articles in a fraction of the time, while delivering work that’s optimized for content length, quality, keyword density, meta tags and more.
The best part? You’ll be able to manage multiple client accounts without having to be glued to your computer all day.
Businesses of all kinds are hiring a virtual assistants. And there is ample opportunity in this field –especially when you stand out as a reliable, fast, communicative, highly capable VA with a can-do attitude.
Whatever your services (admin, bookkeeping, customer service, research) or specialty (content marketing for the biotech industry, social media marketing for the digital pet industry), you can build a solid reputation and easily earn 10k a month.
One example of a successful virtual assistance service that uses AI is Zirtual. They provide administrative and personal assistant services to clients, and use AI to automate tasks like scheduling and email management. They have attracted a loyal customer base, raised over $5 million in investment funds, and recently merged with another virtual assistant company.
Another great example is Time etc, which provides a wide range of virtual assistant services, including bookkeeping, research, and project management. They use AI to match clients with the best-suited assistants for their needs. They’ve been able to attract thousands of clients and generate millions of dollars in revenue annually.
I also discuss VA services in my Most Profitable Online Businesses article.
Every business on earth wants to increase profits and reduce expenses. But the reality? There are inefficiencies, poor decisions and mistakes happening all the time behind the scenes, getting in the way of achieving these two basic business goals.
This is where your AI consulting services can help.
Imagine your neatly packaged offerings to businesses that demonstrate your ability to solve these problems with the help of AI tools. An e-commerce business, for example, could improve sales with AI-powered analytics that optimizes their product offerings, improves their marketing strategies, and increases their revenue streams. And, just about any kind of business can reduce operational costs by automating mundane tasks and streamlining operations.
If you’re already immersed in AI, or just interested in learning more and bringing this technology to more businesses, AI consulting services could be your ticket to earning 10k a month.
One example of a successful enterprise-level AI consulting service is Cognitivescale, which offers AI-powered software for businesses to improve their customer experience and streamline operations. They’ve helped companies like JP Morgan Chase and Walmart save millions of dollars by automating processes and optimizing workflows.
Starting a profitable affiliate marketing site has never been easier – thanks to AI tools.
By analyzing keywords, search trends and user behavior patterns, AI tools can help you identify profitable niches, create engaging content for your audience, and increase your website’s traffic. You can also use AI to predict which products are likely to convert into sales and target the right audience at the right time with personalized recommendations.
Affiliate marketing success typically relies on a profitable niche coupled with a solid SEO strategy.
With AI tools such as SEMrush, Moz and Ahrefs, you can find profitable niches in seconds. These tools can analyze search volume, competition, and traffic potential to identify the most lucrative niches for your affiliate marketing site.
With the help of AI-powered SEO tools, such as Google’s Keyword Planner and Yoast SEO, you can identify high-ranking keywords and key phrases that will help drive organic traffic to your site.
Finally, with AI-powered content creation tools, such as Copy.ai and Contentyze, you can streamline the content creation process and produce high-quality articles that are optimized for search engines.
If you’re new to affiliate marketing, or not getting the results you want, check out Adam Enfroy’s Blog Growth Engine.
Some real-life examples of successful affiliate marketing businesses include Wirecutter, a product review site that earns over $150 million per year, and The Points Guy, a travel rewards card review site that generates an estimated $3 million in revenue per month. These sites use a combination of SEO strategies, content creation, and personalized recommendations to drive sales and earn commissions from their affiliate partnerships.
Social media management can be a daunting task for businesses of any size. As a social media manager, this works in your favor! A few great AI content generator tools to consider:
- ContentStudio’s AI caption generator
- Pally’s Instagram caption generator
- Copy.ai’s Instagram caption generator
- Jasper.ai’s LinkedIn post generator (also check out their excellent article on the topic).
For images, reels, videos, and more, Canva is still the best platform for creating visuals. Canva continues to introduce AI-powered tools for their platform, such as Magic Design and Magic Write.
If you decide e-commerce is your ticket to 10k a month, know that tools such as Optimizely’s Customized Commerce and Shopify Magic can help do some of the heavy lifting. Optimizely uses AI to analyze user behavior on your site in real-time and make personalized product recommendations and pricing adjustments, while Shopify Magic uses AI to write compelling product descriptions.
There’s also Adzis, an AI content engine for eCommerce, which helps you create blog posts, social media, product descriptions and videos to boost your brand presence.
Additionally, AI chatbots, such as those provided by Shopify and Zendesk, can help provide customer support 24/7, improving customer satisfaction and loyalty.
A few examples of e-commerce sites using AI successfully to boost sales include:
The Ridge, a wallet and accessory shop that uses AI to personalize product recommendations and pricing adjustments, resulting in a 60% increase in revenue.
Warby Parker, online retailer of prescription glasses, contact lenses, and sunglasses that provides AI-powered customer support 24/7, leading to higher customer satisfaction rates.
Stitch Fix, the popular online personal styling service that uses AI to analyze customer data and provide personalized styling recommendations, resulting in a loyal customer base and increased revenue.
The Sill, an online plant retailer that uses AI to provide personalized plant recommendations based on a customer’s living space and lighting conditions, resulting in a better customer experience and repeat purchases.
Yes, selling on Etsy and/or Amazon does count as an e-commerce business. Like Shopify, both provide e-commerce platforms with excellent tools for shop owners to succeed in the profitable world of ecommerce.
Email marketing remains a top-performing digital marketing activity, and with the help of AI-powered tools like GetResponse, you can decrease email creation time by 85%. Mailchimp launched its own AI feature in April 2023, allowing users to generate professional marketing emails with the press of a button.
You might assume businesses will be using these tools, so what’s the point in starting a whole business that offers these services? Just remember that the great majority business owners want to focus on their product or service, not email marketing. Or any marketing, for that matter. 😉
Yes, you can still carve out a niche in this very popular online business model. By offering unique designs that can’t be found anywhere else, you can attract a loyal customer base and increase your revenue quickly.
With the help of AI-powered design tools like Pixels or AISEO, you can create stunning designs in a matter of minutes, making it easier to keep up with customer demand and stay ahead of the competition.
AI-generated print-on-demand products also have a low overhead cost, making it an ideal option for small businesses or individuals looking to start a 10k a month side hustle.
YouTube, being the second largest search engine after Google, offers plenty of opportunity for monetization. You’ll want to focus on creating content that is unique, valuable, and relevant to your niche audience to maximize your earnings potential.
And sure, starting a brand new YouTube channel can be challenging, but with the help of AI video editing tools like Pictory, you can create short, highly-sharable branded videos from your long form content with the click of a button.
Once your videos start getting views and subscribers, you can monetize your channel by joining the YouTube Partner Program and earning revenue through advertising, sponsorships, and merchandise sales.
Many successful YouTubers make the majority of their income through ad revenue from their videos. Some have also created passive income streams which include selling their own products or services as well as affiliate marketing and sponsored content.
Do you know how many small businesses are looking for cost-effective bookkeeping solutions?
As a virtual bookkeeping service, you can use AI software tools like Dext (formerly Receipt Bank) combined with Quickbooks, Xero or Sage to automate everyday financial operations, while reducing the risk of human error.
Integrating AI into bookkeeping services can also lead to cost savings, higher accuracy rates, customer referrals, and earnings of 10k a month or more.
One success story is that of Cloud Friday, a virtual bookkeeping service that uses AI tools to automate some of their processes. They offer an optimized experience for their clients, who are primarily entrepreneurs and small business owners, by utilizing software like Hubdoc and Xero.
Another example is BooksTime, a virtual bookkeeping service that incorporates AI to streamline their processes and deliver insights in real-time. Their team uses software like Quickbooks and DataRobot to ensure both accuracy and efficiency in their work.
Consider positioning yourself as a local business who, just like your customers, offer capabilities just like the big guys but with local appeal. Build up reviews on your Google Business profile, and update posts on your Google business page regularly. This will tap into the local business market and boost your trust factor from within, so you can build from there.
Self-publishing a book is an excellent way to share your ideas with the world.
New authors can search Quora to identify popular genres and topics to write about, or find customer favorites in Amazon’s Kindle Store to give readers more of what they want.
Grammarly, Hemingway and ProWritingAid can improve writing quality and readability, ensuring that your book resonates with readers. And, with everyday market research tools like Amazon, you can search keywords related to your book’s subject.
Authors often struggle to get their books noticed and increase sales in a crowded market. Fortunately, AI can help improve book sales strategies by analyzing data to identify the right audience for the book and providing insights into reader preferences and behavior.
- Publisher Rocket can help you optimize your book title, cover design, and description, making it more appealing to potential buyers.
- Jasper.ai can create compelling advertising copy for your book that speaks directly to your target audience.
- Chatbots like BotStar or ManyChat can provide 24/7 customer service, answering any questions potential readers may have.
With these AI-powered strategies in place, you can boost your book sales quickly and efficiently.
Amazon KDP takes less than 5 minutes to get your book on Kindle stores worldwide within 72 hours. (Is that fast enough for ya?)
There are many successful self-publishers who have utilized AI to boost their book sales.
One example is author Mark Dawson, who used Facebook advertising and AI tools to target specific audiences for his crime novels, resulting in him selling over a million copies worldwide. Another example is author Rachel Abbott, who worked with Jasper.ai to create compelling ad copy for her psychological thriller novels, resulting in increased book sales and higher revenue.
As you can see, starting a 10k a month online business is easier than ever with the help of AI. To increase your chances for success, let’s be clear what AI can and cannot do for you:
What AI can do:
AI can help you increase productivity, improve quality, save time, reduce the need for hiring outside help – and ultimately help you achieve greater profitability.
What AI can’t do:
AI can’t replace human creativity and intuition entirely. It’s still important for entrepreneurs to have a clear understanding of their target audience and craft compelling content that appeals to them.
Also, AI tools can only analyze and provide insights based on the data available. This means that if your idea, book, etc. is in a very niche market or there isn’t much data available, the effectiveness of AI may be limited.
There are many paths to making $10,000 a month as an influencer.
Are you the creator of your own brand, like Jessica Sitomer? Jessica is a great example of her own personal brand who’s brimming with talent and authenticity. (Also love she’s hit the 50-mark like I have!)
Or, are you an influencer who promotes other brands? A good example is Jamie Milne of Everything Delish! who partners with niche brands in the health and wellness industry.
Whichever path you choose, you can use AI technologies to understand your audience better and optimize the content you create for them.
The highest ROI business model for making $10k a month tends to be e-commerce, affiliate marketing, online courses, and coaching services. That’s because they’re manageable from a single person operation standpoint. To increase your chances of success (and enjoyment), choose a business model that aligns with your strengths and values.
Earning 10K a month seem like an ambitious goal when you’re just starting out, but it’s definitely achievable with hard work and the right strategies. As you can see, success stories of people making 10K a month are not uncommon, especially in the world of online business. And, with the growth of AI, earning 10k a month in 2023 is totally doable.
Yes, it’s possible to make $10k a month part-time, but it may require a higher level of dedication and efficient use of time. Choosing a business model that allows for scalable income and leveraging AI-powered tools can help increase productivity and profitability in less time.
True passive income is any kind of income that comes in without having to actively work for it. This could include rental income, dividend payments or interest earned on investments, royalty payments from various products, or even affiliate marketing can fall into this category, but…
Passive income typically requires at least some up-front work, monetary investment, or research, and may involve risk. For example, you may need to develop a complex algorithm for AI applications or spend considerable time researching the stock market before investing.
It’s also worth noting that the success of these ventures is not guaranteed; while the potential for 10k a month is there, it’s always wise to start with small investments and scale up gradually as your confidence builds. Depending on the type of venture you are interested in pursuing, it’s important to check local regulations related to taxes and legal requirements before getting started.
It bears repeating that the great majority business owners want to focus on the quality of their product or service, not email marketing, SEO, social media, content marketing, or any kind of AI technology to accomplish these tasks. You can make a lot of money combining human ingenuity with AI tools to deliver these services at an attractive price point.
Similarly, products grab attention when they are new, different, unique, fill a need, or produce a pleasing feeling or result. I think about my hubs’s wallet – he loves how compact it is, and gets to enjoy its uncluttered appeal several times a day.
Be sure to check out Part 1 of this 2-post series, How to Make 10k a Month in 5 Easy Steps. It’s a simple roadmap for building and sustaining your very own 10k a month passive income business.