Making some extra money is something everyone could benefit from. Even with a dependable salary, most people would want to learn how to make an extra $1,000 a month in extra income. This is even more important in 2024 when the cost of living went up, increasing the need to make extra money with side hustles to cover expenses.
Of course, things are quite different when it comes to online side-hustles. There are actually quite a few feasible activities that you can fit into your schedule with a significant return.
If you choose the right business to make money online, you can easily earn $1,000 a month, and we will show you how.
How to Make an Extra $1,000 a Month
An increased income is definitely desirable, but it’s also an ambitious plan. There are many side hustles available, but are they all worth trying? You also need to think about which opportunity you will go for if your goal is to learn how to make an extra $1,000 a month.
The best way to decide how to make money online is to take it one step at a time, methodically. First, think about what skills you have and what activities you would be interested in. It’s essential to choose one that you can do well and that doesn’t require extreme effort on your part or causes you to stress in the long run. Some online side hustles might pay more, but they may not really be worth it if the time you put into it costs you more then the income you bring in.
Then, think about the possibility of investing money in your new business. Some side-hustles may require small investments for buying supplies or advertising your services. It’s important to create a budget beforehand, to know what to expect.
If necessary, Canadians can borrow a small amount to get your side hustle started. Don’t let that discourage you; just like the time and effort you invest, it will all be worth in shortly.
If you’re planning to start an side hustle along with your regular job, make sure you have enough time for both. It’s also a good idea to check for any possible conflicts of interest between the two. That doesn’t happen very often, but it’s essential to know you that your new side hustle will not be competing with your regular employment.
Now it’s time to start looking for opportunities that can provide you with ways on how to make an extra $1,000 a month.
Top 7 Ways How Canadians Can Make $1,000 a Month Online
If you have decided to do like many Canadians who supplement their income with a part-time online occupation, read this blog post to learn top 7 Ways how you can make $1,000 a month with side hustles in Canada.
Your income will depend on many factors, and you may need to practice a bit until you get to your goal. But if you’re going to make money online, these side hustles are your best chance to succeed and help you make an extra $1,000 a month in Canada.
1- Start a blog
It may seem like something everyone is doing these days, but blogging can actually be profitable if you do it the right way. Investing a little time in learning how to start and manage a successful blog can bring you satisfying results. Not to mention it’s a fun and stimulating hobby.
Still, keep in mind that while it is definitely possible for people to make an extra $1,000 a month and even much more from blogging, that won’t happen in the first months of your new endeavour. In fact, it can take a while to start seeing a profit.
If you continue to work on it continually, online side hustle can be a reliable way to make money as passive income, especially if you go for affiliate marketing.
2- Become a virtual assistant
As a virtual assistant, you can perform various activities online, and it won’t necessarily take too much of your time. You also have enough flexibility when it comes to the schedule, so it won’t interfere with your daytime employment.
Lately, virtual assistants have become an important part of the gig economy, and you will be pleased to find many positions are available. Depending on your skills and how many hours a day you put into being a virtual assistant, you can make more than $1,000 per month in extra income.
3- Start a Drop shipping business
Your marketing skills can help you supplement your monthly income if you opt for a drop shipping business. You will basically be an intermediary between the supplier and the client, so you won’t have to concern yourself with inventory and other related aspects. Instead, your primary focus will be to attract clients, convince them to buy, and offer customer support when necessary.
The drop shipping business can be quite diverse, and if you are a creative person, you can find many ways to monetize your ideas.
It’s an opportunity to turn your passion into a business, and you can easily make money online and make a $1,000 a month.
4- Freelance writing
Freelance writing is one of the side hustles that can provide Canadian residents with significant income and also has the potential to turn into a full-time job after a while.
If you are passionate about writing, this may be the right online occupation for you. The best part is that you don’t even need a lot of experience to turn it into a decent income source.
As for the money you can make, if you can are writing for a topic that not anyone can write about, the earnings potential can be more then $1,000 a month. Technical writers can end up making quite a nice income from freelance writing.
5- Proofreading
Proofreading can be an excellent way for people in Canada to make money online. If you are a good reader and can easily spot grammar or spelling mistakes.
It’s a side hustle allows you to earn more money online and you can easily do from anywhere, it doesn’t take particularly long, and you can easily fit it into your schedule.
In fact, with a good internet connection and if you spend enough time with it, proofreading can help you make more money and in some cases, a very nice income.
6- Tutoring
Tutoring is another great way with real potential to increase your income online reducing your likelihood of having to get a short term loan online. If you’re not specialized in a particular school matter, you can try teaching English to international students. There is a big market for this type of experience.
If you concentrate on tutoring other people on subjects that are in high demand such as math and science, you can easily make an extra $1,000 a month or even more. As long as you have a good internet connection, as well as good teaching skills, tutoring will allow people in Canada to earn money online as a side hustle.
You will also need a quiet room to work in, and if you want to connect with students that are located oversees, the time difference is something you need to consider.
Tutoring is a great side hustle that can help Canadians earn extra money.
7- Marketing research
Taking part in online marketing research may not be the most lucrative job, but it's an easy way to make money online in Canada.
Participating in surveys is an activity that doesn’t require a lot of effort; only your time and patience. It might pay you less money than some other side hustles, and while you may not make a $1,000 a month in extra income, it’s still worth doing when you want a simple way of adding extra money to your monthly income.
It’s also an excellent option for people who find themselves temporarily unemployed. Even without any special skills, you can get the money you need to pay your bills until you find a new job.
How to Make $1,000 a Month Online?
If you want to earn money online and make $1,000 a month, you must be very dedicated to the side hustle that you will choose to work on. If you spend time perfecting your skills, the amount of money that you make can be very good.
It may take a bit longer in some cases, but reading and implementing the ideas listed here, you can make $1,000 a month doing something you love.
