How to Earn $35,000 Per Month: The Ultimate Guide

Posted on January 5, 2024

Earning a high monthly income of $35,000 is a dream for many but an achievable reality with the right strategy and execution.

In this comprehensive blog pillar page, I’ll provide a complete roadmap for generating a healthy five-figure monthly revenue through proven business models and diversified income streams.

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<a href=”https://www.entrepreneur.com/article/242760″ target=”_blank”>Develop an Abundance Mindset</a>

The journey begins in your mindset. Adopt an abundance mentality by:

• Focusing on providing value instead of just making money
• Believing there are endless opportunities to earn income
• Surrounding yourself with mentors already earning $35k/month
• Visualizing yourself achieving this level of income

When you shift your thinking to believe this income is possible, you enable the actions and momentum to make it happen.

<a href=”https://www.forbes.com/sites/mansimehrika/2018/08/21/six-proven-ways-to-raise-prices-profitably/?sh=3c0f6c5d3e16″ target=”_blank”>Substantially Raise Your Rates</a>

One of the fastest ways to increase earnings is raising rates for your existing products, services and client work.

If you’ve been undercharging based on the value you provide, systematically raise rates to better reflect your worth and demand. Even small hikes across your client base make a big difference.

Back up rate increases by communicating the expanded value clients receive. Position yourself as a premium provider.

In addition to raising base rates, develop new premium offerings with higher price points and profit margins. These should deliver ultra-high value that commands top dollar from ideal clients.

Potential premium services include:

• High-end coaching and masterminds
• Done-for-you services
• Productized consulting offerings
• Priority access and special request benefits
• Luxury in-person experiences

Target premium services to your highest-value niche audience segments willing to pay for exclusive help.

<a href=”https://www.bigcommerce.com/blog/digital-products/#11-examples-of-digital-products-you-can-sell-online” target=”_blank”>Sell Digital Products</a>

One of the most scalable models for passive income is selling online courses, subscriptions, ebooks, software, and other digital products.

Because they can work 24/7 with minimal ongoing time investment, digital products provide leverage beyond trading hours for dollars.

Build a flagship digital product targeting a specific audience need. Promote it through your website, partnerships, social media, and paid advertising. Over time, expand your product suite.

<a href=”https://domainsherpa.com/license-your-own-product-or-intellectual-property/” target=”_blank”>License Your Intellectual Property</a>

Do you have proprietary intellectual property as an inventor, artist, software developer, author, or other domain expert?

If so, license IP rights to companies interested in commercializing your patents, content, trademarks, or other IP for mutual benefit. This earns ongoing royalty streams as your licensed property generates profits.

<a href=”https://www.investopedia.com/articles/pf/07/income_investments.asp” target=”_blank”>Invest in Income-Producing Assets</a>

Generate effortless cash flow by investing money into assets that reliably produce income, including:

• Dividend stocks
• Real estate
• Websites and blogs
• Royalties
• Small businesses
• Peer-to-peer lending

Sufficient capital allocated into these assets can reliably generate $35,000+ in monthly passive income. Assets put your money to work for you.

<a href=”https://influencermarketinghub.com/how-to-become-an-influencer/” target=”_blank”>Monetize Your Influence</a>

Position yourself as an industry thought leader by sharing high-value educational content and analysis.

Promote your expertise through social media, speaking engagements, consulting services, premium offers, and partnerships.

Monetize your influence through advertising, affiliate promotions, sponsorships, fees, and selling premium offers to your audience.

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<a href=”https://www.lyfemarketing.com/blog/information-products/” target=”_blank”>Sell Valuable Information Products</a>

Leverage your expertise into high-value information products that solve pressing problems for customers. These may include:

• Research reports
• Professional guides/templates
• Industry analysis
• Recorded seminars
• Market data
• Public databases

Price individual reports from $97-$297+ and bundle related topics into packages. Target niche B2B audiences willing to pay for specialized business intelligence.

<a href=”https://www.forbes.com/sites/allbusiness/2019/11/04/10-types-of-consulting-businesses-that-will-thrive-in-the-21st-century/?sh=2b52b120320b” target=”_blank”>Start a Services Agency</a>

Agencies that provide various outsourced services to clients can scale to earn very high monthly revenue.

Determine 2-3 core services to offer where you have strong expertise. Provide services virtually to access clients worldwide. Systematize fulfillment as you expand.

Types of agencies include marketing, web services, HR and recruiting, customer service, and more. Sign retainer contracts for predictable income.

<a href=”https://www.bigcommerce.com/blog/affiliate-marketing/#9-examples-of-the-most-profitable-affiliate-programs” target=”_blank”>Promote Affiliate Products</a>

One easy way to earn commissions without creating products is through affiliate marketing.

Promote relevant affiliate products to your audience through content, email, social media, and paid ads. Earn commissions on resulting sales.

Focus on higher priced products earning at least $100 commission. Have affiliate income as one stream within a diversified business model.

<a href=”https://smallbiztrends.com/2021/03/product-licensing-agreements.html” target=”_blank”>License Products for Distribution</a>

Find manufacturers, inventors and product companies open to licensing distribution rights.

Negotiate licenses allowing you to market and sell their products to your audience. This provides instant inventory to promote and earn commissions on.

Over time, develop your own products or purchase the full license rights as sales volume increases.

How I Earned $35K My First Month on YouTube

<iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/7t4mb-aD1Hs” title=”YouTube video player” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” allowfullscreen></iframe>

<a href=”https://www.forbes.com/advisor/business/consulting/how-to-start-a-consulting-business/” target=”_blank”>Offer Local Consultancy</a>

Earning $35,000+ per month is achievable by focusing your consultancy services on a lucrative niche and charging premium rates.

Promote your expertise through local advertising, events, direct outreach and referrals. Meet with business owners to convey your value. Offer initial free sessions to secure retainer contracts.

Once established locally, expand your reach through national PR, conferences, and content distribution. Maintaining premium pricing as demand grows maximizes income potential.

Conclusion

While earning $35,000 per month is not easy, it’s absolutely possible by executing the strategies outlined here. Diversify your income across these models to reduce risk and maximize rewards.

With consistent effort, continuous learning, and providing real value to people, you can achieve this ambitious income goal. I welcome any feedback to improve this pillar page – let me know your thoughts!

#makemoneyonline #passiveincome #entrepreneurship