Hey guys how do I go about making an extra $2000 monthly, I am a software developer who has tried the saas project angle before to no success sadly.
Ask HN: How to make an extra $2000 monthly?
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Re: Ask HN: How to make an extra $2000 monthly?
#2If you just care about hitting the $2000 mark, optimizing for time and effort, I'd say just find a product to sell on Amazon and market the hell out of it on Facebook and Instagram.
Run paid ads and make up for small margins with high volume. Try to offer your product at the lowest price among your competitors.
Re: Ask HN: How to make an extra $2000 monthly?
#3Open an investment account and sell option spreads.
You will need a margin account to do this. Note you can also lose money.
Re: Ask HN: How to make an extra $2000 monthly?
#4Depends how much money you can invest right now, how much time you have to spend, and how quickly you need to start hitting that $2000 mark.
Need it now? Check out Craigslist gigs (help with moving, quick jobs, website help), or try flipping thrift store and eBay stuff. Pros: Quick, no skills needed. Cons: Unreliable and more time consuming.
Need it reliably? Work on a business and work your ass off in your spare time. Pros: Easy to make more than $2000/mo if it goes well. Cons: Will take a lot of time and effort to maybe work out for you.
Alternatively, invest in a property. Pros: Easy $2000/mo through rent. Cons: Lots of upfront investment & research needed to not screw yourself over as a property manager.
Personally I'm in a similar situation and currently selling on eBay and running a side business. Been at it ~6 months and make 200-400/mo on top of my salary, but looking to ramp up the business more this year.
Edit: One option I overlooked of course is investing. The safer the investment, the more up-front capital you'll need and nothing is truly 100% safe. Gamble on options but be prepared to lose everything, if you really need something immediately.
Re: Ask HN: How to make an extra $2000 monthly?
#5Find 20 hours of freelance work at $100/hr.
Sounds reductive but I’ve had good success with this when looking for additional income.
Probably the easiest and most likely to work path if you are already a developer.
Re: Ask HN: How to make an extra $2000 monthly?
#6Depends how much money you can invest right now, how much time you have to spend, and how quickly you need to start hitting that $2000 mark. Need it now? Check out Craigslist gigs (help with moving, quick jobs, website help), or try flipping thrift store and eBay stuff. Pros: Quick, no skills needed. Cons: Unreliable and more time consuming. Need it reliably? Work on a business and work your ass off in your spare tim…
It might take a while to make $2k/mo in cash from rental properties. We own two rentals and don’t even clear $1k/mo with both.
Re: Ask HN: How to make an extra $2000 monthly?
#7Depends how much money you can invest right now, how much time you have to spend, and how quickly you need to start hitting that $2000 mark. Need it now? Check out Craigslist gigs (help with moving, quick jobs, website help), or try flipping thrift store and eBay stuff. Pros: Quick, no skills needed. Cons: Unreliable and more time consuming. Need it reliably? Work on a business and work your ass off in your spare tim…
Will like to learn more about the eBay sales, is it location dependent? How can I also reach out to you? My email is smithmayowa20 at gmail.com
Re: Ask HN: How to make an extra $2000 monthly?
#8Depends how much money you can invest right now, how much time you have to spend, and how quickly you need to start hitting that $2000 mark. Need it now? Check out Craigslist gigs (help with moving, quick jobs, website help), or try flipping thrift store and eBay stuff. Pros: Quick, no skills needed. Cons: Unreliable and more time consuming. Need it reliably? Work on a business and work your ass off in your spare tim…
It might take a while to make $2k/mo in cash from rental properties. We own two rentals and don’t even clear $1k/mo with both.
I know a couple people who have very desirable Florida condos (as well as other properties) and each condo alone is doing ~2k. Granted that's day-by-day, not a monthly rental.
Re: Ask HN: How to make an extra $2000 monthly?
#9Depends how much money you can invest right now, how much time you have to spend, and how quickly you need to start hitting that $2000 mark. Need it now? Check out Craigslist gigs (help with moving, quick jobs, website help), or try flipping thrift store and eBay stuff. Pros: Quick, no skills needed. Cons: Unreliable and more time consuming. Need it reliably? Work on a business and work your ass off in your spare tim…
Will like to learn more about the eBay sales, is it location dependent? How can I also reach out to you? My email is smithmayowa20 at gmail.com
I can give you the run-down. I have a contact form on https://bigboys.nyc, will give you the eBay spiel after I'm out of work
Re: Ask HN: How to make an extra $2000 monthly?
#10Find 20 hours of freelance work at $100/hr. Sounds reductive but I’ve had good success with this when looking for additional income. Probably the easiest and most likely to work path if you are already a developer.
How? In the freelance developer space you're either competing with people in developing countries who work for peanuts, or your potential clients have have the money to throw at high quality work which means you're competing with the top 1-5% of freelance developers.