Making $10,000 per month might seem like a pipe dream for many of us who work 9 to 5 jobs, but if you’re an online entrepreneur and you have the right strategies… it's actually entirely achievable.
Because in 2024, the opportunities to build scalable, digital income streams are greater than ever, particularly in e-learning. With the global e-learning market forecast to reach almost 400 billion U.S. dollars by 2026, whether you’re creating online courses, building membership sites, launching an e-commerce site, and everything in between, there are tons of paths you can take to multiply your monthly income into five figures. And this guide is your ticket to finding which one is right for you!
So join us on a fantastic voyage as we explore 24 proven ways to get you to that coveted $10k per month in the fastest and most lucrative ways possible. Ready to dive in? Let’s do this. 💰
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1. Create and sell online courses
Creating an online course is one of the most straightforward ways to build a scalable income. If you have expertise in a particular field (like marketing, knitting, fitness, dog training, or a variety of other topics), there’s likely an audience out there that can’t wait to learn from you. The beauty of online courses is that once you’ve created the content, it can sell over and over again without much extra effort on your part.
Teachable Tip: Platforms like Teachable make it super easy to turn your knowledge into a money-making machine. Teachable provides all the tools you need to set up your course, promote it, handle payments, and manage your students. And you don’t need to be a tech genius to use any of it!
Related: How to launch your first online course in 60 days
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2. Develop and sell digital products
As the longtime bread and butter of online entrepreneurship, digital products are an excellent way to earn passive income. E-books, design templates, printables, downloadable software… these are all products you can create once and sell indefinitely. Now, the trick here is to find a niche audience that needs what you’re offering, and then price your product accordingly. And since you’ll have no inventory to maintain or shipping headaches to endure, you can essentially just create, upload, and watch the sales come in.
Teachable Tip: Did you know that you can easily sell digital products alongside your courses on Teachable? It’s true; whether you bundle them together or sell them on their own, it’s a smooth process that makes monetizing your expertise easy.
Related: 3 reasons to sell digital downloads
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3. Offer one-on-one coaching services
If teaching to the masses isn’t your thing, one-on-one coaching might be more up your alley. In case you didn’t know… people are willing to pay big bucks for personalized, tailored advice, especially in high-demand fields like business strategy, fitness, artistry, and even life coaching! By charging premium rates for your time and expertise, you could quickly start to see significant returns on your investment.
Teachable Tip: If you’re looking for a one-stop shop to build a lucrative (and hassle-free) coaching business, Teachable’s got your back. Easily integrate your coaching services with online tools that manage scheduling, payments, and even your coaching materials.
Related: How to start a coaching business and make money in 2024
4. Launch group coaching programs
Want to reach more people with your coaching, but don’t want to work 24/7? Consider launching group coaching programs. Instead of working with each client individually, you can guide a group of people through your program, maximizing your time while still delivering valuable, personalized guidance. And not only does group coaching allow you to earn more, it also helps you build a community around your expertise, which means more engagement and better results for them.
Teachable Tip: Teachable’s platform is perfect for managing group coaching programs; you can upload resources, run live sessions, and keep all your students on track with built-in progress tracking and communication tools. It’s a win-win for you and your clients.
Related: Understanding the difference between coaching vs mentoring
5. Create a membership site
If you’re not familiar with what a membership site is, think of it as a digital gathering spot where people pay for ongoing access to premium content. This could be exclusive articles, tutorials, courses, live events, or even just a community of like-minded people.
The beauty of membership sites is the recurring revenue. Instead of one-off sales, members pay monthly or annually to stay in the loop, which creates a predictable income stream for you.
Teachable Tip: If you’re already using Teachable, it’s easy to transition into a membership model. You can offer your courses and digital products on a subscription basis, creating steady income that grows as your member base expands.
Related: Build a powerful membership product—here’s exactly how
6. Start a successful affiliate marketing business
Did you know that you can make money without having a product of your own? That’s the entire model of affiliate marketing, which involves promoting other people’s products, and when someone buys through your link, you get a commission. 🤑 It’s a great income stream because it’s low maintenance and you don’t need to create products or handle customer service; you just focus on sharing great products with your audience.
Teachable Tip: If you’ve already got a course or an audience, you can seamlessly integrate affiliate marketing. Recommend tools, products, or services that complement what you’re already teaching, and create another income stream for yourself.
Related: 31 best high-ticket affiliate marketing programs to maximize earnings
7. Become a YouTube content creator
YouTube remains one of the top platforms for content creators to share their expertise, grow their audience, and earn money. Whether through ad revenue, sponsorships, or promoting your own products, YouTube offers tons of opportunities to monetize. The main thing, though, is that you’ve got to be consistent; posting regular content, optimizing it for SEO, and engaging with your audience can turn a simple channel into some serious cash flow.
Teachable Tip: Link your YouTube videos to your courses on Teachable. It’s a great way to funnel your audience from free content to paid offerings, giving them more value while boosting your income.
Related: 21 most profitable YouTube niches
8. Start a profitable blog
Blogging may seem old-school, but if you’re passionate about a topic and can write about it consistently, a blog can bring in ad revenue, affiliate commissions, and product sales. By choosing a specific niche and creating valuable, SEO-optimized content, you can attract both an audience and income.
Teachable Tip: Use your blog to promote your Teachable courses. Offer free content that leads naturally into paid courses or resources. Your blog can be a great top-of-funnel tool to build trust and eventually convert readers into students.
Related: How to monetize your blog
9. Launch a podcast
Podcasts are booming, and to be honest, they’re not slowing down anytime soon. Whether you’re interviewing experts, sharing your own insights, or just chatting with a co-host, podcasts offer a personal way to connect with your audience. Monetization comes in the form of sponsorships, affiliate promotions, podcast network deals, and of course, promoting your own digital products.
Teachable Tip: Promote your courses within your podcast episodes by offering exclusive discounts or additional content to your listeners. You can even create a mini-course as a lead magnet to grow your email list from your podcast audience.
Related: How to start a podcast with no audience + ideas for beginners
10. Offer freelance services
Freelancing gives you the freedom to set your rates, choose your clients, and work on projects that excite you. Whether you’re a writer, designer, or developer, there’s always demand for skilled professionals. The downside? Freelancing is typically tied to your time, so you’ll need to balance client work with building scalable income streams.
Teachable Tip: If you’ve built up expertise in your freelance field, why not teach others how to do the same? You can create a course on how to succeed as a freelancer, offering templates, tips, and workflows that have worked for you.
11. Create and sell print-on-demand products
Print-on-demand (POD) products let you sell custom merchandise without ever having to deal with inventory. Whether it’s T-shirts, mugs, tote bags, or whatever else tickles your fancy, POD companies handle the printing and shipping for you. All you have to focus on is the design and marketing, which makes this a fairly low-risk way to earn extra income.
Teachable Tip: If you’re running a course, why not create branded merch that ties into your teaching? POD products can help boost your brand visibility while adding another revenue stream to your business.
12. Develop a Micro SaaS product
If you have software development skills, consider creating a Micro SaaS (Software as a Service) product. Micro SaaS products are smaller, niche solutions that cater to a specific audience, so developing a Micro SaaS product can be a steady source of income, especially if you offer it as a subscription service. Think project management tools, budgeting apps, or customer service chatbots. 👍
Teachable Tip: As you build your Micro SaaS product, why not also teach others how to build one as well? You can use your SaaS product as a case study for your Teachable courses, teaching others how to develop and scale their own software solutions.
13. Become an influencer and brand ambassador
In the age of Instagram, TikTok, and YouTube, being an influencer is an actual, for real, and legitimate career path, and it’s no longer just for mega-celebrities. Micro and niche influencers are killing it by partnering with companies and promoting products to their highly engaged audiences. So if you’ve built a strong personal brand, you can monetize through sponsorships, affiliate deals, and even selling your own products.
Teachable Tip: Use your platform to drive traffic to your courses. Influencers who can sell their expertise through Teachable courses are doubling up on their revenue streams.
Related: How to become a brand ambassador in 6 easy steps
14. Start a dropshipping business
Dropshipping allows you to sell physical products without needing to hold onto any inventory. You set up an online store, and when a customer places an order, the supplier ships the product directly to them. So with the right products and a solid marketing strategy, a dropshipping business can bring in consistent revenue while keeping your overhead low.
Teachable Tip: If you’ve mastered dropshipping, consider creating a course on Teachable to teach others how to get started.
15. Offer virtual assistant services
Virtual assistants (VAs) are in high demand as more businesses and entrepreneurs go digital. From managing emails to handling social media, VAs can provide valuable services remotely. So if you’re organized, good at multitasking, and know your way around admin tools, offering VA services can be a solid income stream! Not only can you choose your clients and set your rates, as your client base grows, you can scale by outsourcing tasks to other VAs.
Teachable Tip: Once you’ve got experience as a VA, why not package your knowledge into a course? Teach others how to break into the VA industry, build their client base, and manage their workload effectively.
16. Create and sell stock content
If you’re skilled in photography, videography, or music production, selling stock content can be a fantastic way to generate passive income. High-quality stock photos, videos, and music are always in demand by marketers, businesses, and content creators. Once you upload your content to stock platforms, it can be purchased and downloaded over and over again, without you having to lift a finger.
Teachable Tip: After you start bringing in bank in the stock content business, consider creating a course that teaches others how to do the same! Share your tips on how to create and market high-quality stock content, and build a community of creatives who are eager to learn from you.
17. Flip websites and online businesses
Website flipping involves buying underperforming websites, improving them, and then selling them for a profit. (It’s kind of like house flipping, but without the hammers and nails.) By optimizing a site’s content, SEO, and design, you can increase its value before selling it.
Teachable Tip: Once you become a pro at flipping websites, consider creating a course that teaches others how to do it. Share your process for identifying undervalued sites, improving them, and selling them for a higher price.
18. Offer online tutoring services
Online tutoring is booming, and if you’re an expert in a particular subject (like math, science, languages, or coding, for example), you can offer your services to students around the world. And with video conferencing tools and digital whiteboards, online tutoring has never been easier to set up. Plus, you can set your rates and schedule to fit your lifestyle.
Teachable Tip: Supplement your tutoring services with digital resources on Teachable. Create courses, guides, or additional materials that students can access on their own time to reinforce what they’ve learned.
Related: A step-by-step guide on how to become an online tutor
19. Develop mobile apps
The mobile app market is booming, and if you’ve got the skills, developing and monetizing apps can be a lucrative business. Whether you create a game, a productivity tool, or a niche-specific app, there are truly endless opportunities to generate revenue through in-app purchases, ads, or a subscription model.
Teachable Tip: Teach others how to develop mobile apps with a course on Teachable. You can offer lessons on app development, coding, and even marketing strategies to help new developers succeed in the competitive app market.
20. Start a subscription box business
Subscription boxes are all the rage, offering customers curated products delivered right to their door. From skincare to snacks to hobbies (and everything in between), people love the excitement of receiving a box of goodies every month (mostly because it’s not another bill.). The beauty of this business model is the recurring revenue, making it a stable and scalable option for entrepreneurs.
Teachable Tip: If you find that you’ve got a knack for building a subscription box business, create a course to teach others how to do it. You can offer advice on product curation, sourcing suppliers, and marketing strategies to build a loyal customer base.
21. Offer digital marketing services
Trust and believe: digital marketing is a skill that’s always in demand. Whether you specialize in SEO, social media management, or pay-per-click (PPC) advertising, businesses are constantly looking for experts who can help them grow their online presence. The best part about offering digital marketing services is that it’s scalable; you can start small with a few clients and grow into a full-service agency if you choose.
Teachable Tip: Package your digital marketing knowledge into an online course to teach small businesses how to handle their own marketing. By offering step-by-step guides and templates, you can provide actionable insights that help your students succeed.
22. Offer consulting services
Consulting is similar to coaching, but it’s typically more focused on providing specific, actionable advice to businesses or individuals. Whether you’re offering business strategy, marketing plans, or financial advice, consulting can be incredibly lucrative, especially if you focus on high-paying clients.
Teachable Tip: Combine consulting with your Teachable courses. Offer packages that include both course access and personalized consulting calls for a premium offer that gives your clients the best of both worlds.
23. Create and sell online workshops and webinars
Workshops and webinars are fantastic for those who want to teach but prefer live interactions. These sessions allow you to engage directly with your audience while offering valuable, in-depth content. You can charge for access, or use webinars as a way to promote your courses and other digital products.
Teachable Tip: Teachable’s live webinar integration makes it easy to host these events and sell access to them. You can record your workshops and offer them as evergreen products down the line.
Related: How to host webinars on Teachable
24. Create and monetize online communities
Building an online community around a niche topic can be incredibly rewarding… and profitable. Whether it’s through a Facebook group, a private forum, or even a Discord server, creating a space where people can come together to connect, ask questions, and share ideas can provide value to both you and your audience. Once your community is thriving, you can monetize it through memberships, exclusive content, or product sales.
Teachable Tip: Use your community as a platform to promote your courses and digital products. You can offer exclusive deals to community members and create a sense of belonging and inclusion.
Related: How to build an online community
Making $10,000 per month is achievable with the right strategies
Hopefully it’s clear by now that making $10,000 per month isn’t just a pipe dream; it’s a very achievable goal if you focus on the right strategies and stay consistent!
So take some time and figure out which methods align with your skills, passions, and goals; whether you create online courses, sell digital products, or offer coaching services, the opportunities are honestly endless. And while some of these ideas take a bit of time and effort to get rolling… once they do, you’re looking at a potentially life-changing income stream. 💰
And don’t forget, platforms like Teachable are here to help you every step of the way. From course creation to community building, you’ve got the tools you need to turn your knowledge and expertise into a thriving business. Ready to start earning? Let’s get to it!
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