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Making an extra $1,500 per month from home is a very achievable goal.
But don’t be fooled, increasing your annual income by $18,000 a year will take work.
With that said, it is very doable. And believe it or not, making this kind of money from the comfort of your home might actually be easier than you think.
So let’s dive right in.
Here are 9 legit ways you can make $1,500 a month from home.
Start a Niche Blog
If you’re looking to increase your monthly income by $1,500, and you want to do it from home, consider starting a blog.
I recommend starting a niche blog in something that you are interested and passionate about.
First, if you start a blog on something very broad and popular, it’s going to be hard to get recognized and it might end up getting drowned out by the bigger, more established blogs.
Secondly, make sure it’s something you’re interested in, it’ll make writing each blog post much more enjoyable and increase the chances of your success.
I recommend using Bluehost as your website provider if you choose to go down this path.
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Okay, but onto what matters. You might be thinking, okay but how will blogging increase my monthly income by $1500?
Well blogs are monetizable, that’s why people create them. Common ways people monetize their blogs are through ads, affiliate marketing and online courses.
Once you start getting traffic to your blog and you start monetizing it (with the methods just listed), you’ll be able to hit that $1,500 monthly goal in no time.
Estimated time frame for reaching $1,500/month: 18 months.
Would I recommend this method? Absolutely.
For a step by step guide on how to start a blog, check out my article Start a Blog in 3 Easy Steps | Step by Step Guide (2022) This article will give you a detailed, step by step guide on how to about getting a blog setup. It’s the exact same method I use for setting up the current blog you are reading, and again – it’s really inexpensive. The web-hosting platform I recommend is less than $5 per month.
Invest in the Stock Market
Another great way to earn an additional $1,500 a month from home is to invest in the stock market.
Now there is one thing I want to preface here, I personally don’t recommend day-trading.
I don’t know a single person whose ever successfully made money from day-trading on their own. Not to mention the stress and anxiety it must cause people, my gosh. No thanks.
But with that said, you don’t need to day trade to make $1,500 a month from investing.
Related Article by The Financial Geek: How to Invest While Living Paycheck to Paycheck | 5 Steps.
Instead, consider investing in growth stocks like Tesla, Amazon or Twitter, just to name a few.
Now I’m not saying you should or shouldn’t invest in these three companies, I’m just saying these are examples of growth stocks.
While growth stocks are certainly riskier than income stocks like AT&T, they’re more likely to drastically increase in value and earn you more money.
For example, if you bought 30 shares in Tesla on January 3rd, 2020, it would have cost you $2,658 – Stock Price was $88.60 on January 3rd, 2020
If a year later on January 4th, 2021, you sold those 30 shares you would have received $21,893.10. Stock Price was $729.77 on January 4rd, 2021
In other words your total profit on that would be $19,235. Averaged out on a monthly basis to be roughly $1603.
Now this is a very extreme case, Tesla saw historic growth in 2020, so you may need to invest more than $2,568 to see this type of money.
Long story short, investing in the stock market is a legitimate way you can make an additional $1,500 a month from home.
If you don’t already have an investment account open, I’d recommend Questrade if you’re a Canadian. The signup process is super easy and the customer support is seriously world class.
Sign up with Questrade and get $50 in commission free trades.
Estimated time frame for reaching $1,500/month: Depends on how much capital you have to invest.
Would I recommend this method? No. While it can be done, I wouldn’t try it myself as I invest for the long term.
Flip Instagram Accounts
Now you might be wondering what I’m talking about here. How could some flipping Instagram accounts from home make $1,500 a month.
Well that’s a great question, one to which I have the answer too.
While I give a full 1500 word, in-depth guide on how to do this in my article – Make Money on Instagram without Followers | 5 Steps, I will give you a shorter version of it here.
In short, you find Instagram accounts that have large followings that aren’t active anymore (no longer posting).
You then DM these accounts and ask them if they’d be interested in selling their account.
Once you find a seller, you purchase the account (use Paypal) and then start posting on it to re-engage the follower and increase the value of the account.
Once the followers are active and engaged with your new account, flip the account for a tidy profit. And then, rinse and repeat until you make $1,500 for the month.
As mentioned above, for further instructions, check out the article below.
I’ve personally done this many many times in my early twenties and made a lot of money. So if I can do it, so can you.
Another way to make money on Instagram without flipping accounts is just by growing a meme page and making money on your page directly. My article Make Money with an Instagram Meme Page (Blueprint) goes into detail on how you can go about doing this.
Estimated time frame for reaching $1,500/month: 2 months.
Would I recommend this method? Hell yes.
Start an E-commerce Store
Starting an e-commerce store is another great option for anyone looking to make an additional $1,500 a month from home.
An e-commerce store is basically just a website that sells things online. For example, Amazon is an e-commerce store, the biggest one ever actually.
One of my favorite places to shop for clothes, Cuts Clothing, is an e-commerce store.
If you want to make this more of a side hustle, I’d recommend starting a dropshipping store.
This way you won’t have to deal with creating products and managing inventory, you just connect buyers to products. Once they buy a product, the distributor will send the product straight to the buyer.
Whatever the difference is between the distributor cost and your price is what you make in profit.
This video below goes into a little more detail about what exactly dropshipping is.
Now I’ve made many dropshipping websites in my day, some saw no success while others experienced a little success. What I’m trying to say is I never got rich off it.
The biggest challenge with this method is generating traffic to your website. If you don’t get any traffic, you won’t get any sales.
Think about it from a typical retailer’s (brick and mortar) point of view, if no one walks into a store, that store won’t get any sales.
If you do go down this route, I’d 100% percent recommend Shopify as the platform you should use to start your website. They are currently the most valuable company in Canada and I’m not surprised, they offer an amazing product.
I’ll leave a link to Shopify’s website here, the sign-up process is easy and you get a 14-day free trial when you first sign up.
Estimated time frame for reaching $1,500/month: 12 months.
Would I recommend this method? Yes, if you have experience with generating web-traffic – SEO, Facebook or Google Ads.
Become a Freelancer
Do you have any online skills you could freelance out to other companies in order to make an additional $1,500 a month without leaving your house?
Companies like Fiverr and Freelancer are popular online marketplaces that bring together freelancers with companies, organizations or entrepreneurs looking for help in a specific area of their business.
You first need to have a skill that you can provide, if you don’t already, that’s okay! That just means you need to learn one.
Common freelance jobs that companies look for include graphic design work, SEO, data entry, web design, video editing and content writing – to name a few.
Once you have an online skill that you can offer, determine how much you’ll charge per hour for your work and then work enough hours each month to work to make $1,500.
Estimated time frame for reaching $1,500/month: 3-6 months (assuming you already have a skill to offer).
Would I recommend this method? Yes.
Start an Online Coaching Business
Online coaching businesses have started to blow up lately (in a good way).
Why? Because they can be a great way to earn extra income from the comfort of one’s home.
Believe it or not, people who feel they need coaching are willing to pay big bucks to help improve their life.
Common Types of Online Coaches
- Life coach
- Money coach
- Relationship coach
- Career coach
If you are wondering how much money you can make as a coach, I did a study a few months ago that looked at the hourly rates of money coaches, the results shocked me.
If you are great at what you do as a coach, you won’t need to work many hours each month to hit your $1,500 goal. Heck, you might only need one, maybe two clients.
Estimated time frame for reaching $1,500/month: 6-8 months if you work really hard at getting clients.
Would I recommend this method? Meh, different strokes for different folks, but this one isn’t for me.
Start a Youtube Channel
Creating a Youtube channel is another great way you can start making money online from home.
Some people make BIG MONEY from Youtube, I’m talking tens of thousands of dollars per month.
So it goes without saying, making $1,500 a month at home from Youtube is definitely doable.
Similar to writing a blog though, this will take time and it will take effort.
You’ll need to be creating content and publishing videos on the regular. I’m talking at least two, ten minute videos per week.
Influencer Marketing Hub states in their article 4 Factors That Affect Your YouTube Earnings Potential that advertisers usually pay between $4-$10 per 1000 views.
Now Youtube will take a cut of that money of course, but let’s say to be conserative, you could make $5 for every 1000 views your videos get.
That means your videos will need to get a total of 300,000 views per month for you to make $1,500.
But that’s only if you choose to monetize your videos via ads. There are many other ways you can monetize your videos as well.
I will leave an article here by Hootsuite which explains different ways you can monetize your Youtube channel.
Estimated time frame for reaching $1,500/month: 6-12 months.
Would I recommend this method? Yes, but be patient.
Are you knowledgeable in a certain academic subject matter?
Are you great at calculus? Can you teach french or spanish? What about biology?!
Whatever subject it is, online tutoring could be another great way for you to earn an extra $1,500 a month from home.
While I’ve never tried to become an online tutor myself (parents should thank me!), I’ve included a link here which gives a step-by-step guide on how to become a tutor online.
The great thing about tutoring is the work can be very consistent, students or parents might hire you on a semester by semester basis, so your income will be very predictable, something we all want.
Not only that, but if you are good at what you do, you’ll get a lot of referrals which means you won’t have to put much effort into finding new clients and you can focus your time on things that really matter, like watching hockey.
Estimated time frame for reaching $1,500/month: 2-4 months.
Would I recommend this method? Yes, if you know a subject matter really well.
Get A Remote Part-Time Job
Have you ever considered finding a part-time job where you can work remotely in order to earn an additional $1,500 from home.
This method is almost too obvious that people often overlook it, but it could be a great option for you.
Just google “part-time remote work”, I guarantee they’ll be some opportunity for you there.
It actually might be easier to find a part-time job online then it would be locally as you’ll have more options online.
Before talking to potential employers, determine what you value an hour of your time at and then calculate how many hours you’ll need to work to make that extra $1,500.
Now you won’t always get to choose your hourly rate or the exact number of hours you’ll work, but having a general idea in mind going into this process is always a good idea.
Always know your worth.
Estimated time frame for reaching $1,500/month: 1 month.
Would I recommend this method? Yes.
To conclude, making an extra $1,500 a month from home is a very realistic goal for someone to have.
As proven above, there are many ways in which someone can achieve this additional income without having to get up and go to a separate job everyday.
Technology has evolved over the years and making money online is an option that is available to anyone who is willing to put in the work.
I’d recommend giving yourself 12-18 months to hit this goal. It won’t happen overnight, so if you expect it to happen in the matter of a few weeks, you’re just going to get discouraged and probably quit.
Before leaving, I wanted to share with you my article How to Make Money Online as a Beginner | 17 Proven Ways. This article will provide you with some additional methods or ways you can earn money strictly online.
So be patient, work hard and learn as much as you can.