How to Make an Extra $500 a Month: TOP 10 Proven Ways [2020]

how to make an extra 500 a month

If we speak about the current scenario, around 4 million Americans are working from home. Yes, the world is changing and with digitization, people are looking for different online jobs.

Whether you are a college student, a busy mother, or a father that is looking for extra income, you don’t have to go anywhere else. Right in this article, I have got for you some good ways to make an extra $500 a month from home.

Speaking about the past, people relied on their jobs that can bring them some sort of income. However, in 2020 and beyond, people have opted for online work where they are earning some decent amount of money.

More to it, there are people that are earning millions working online and this shows the true potential.

Right in this article, you will know the best and proven ways to make an extra $500 a month.

First of all, let’s understand how an extra $500 a month can help you out.

Well, Extra $500 a month can help you out with:

  • Getting out of debt earlier
  • Saving money on travel
  • Saving money for home
  • Paying off student loans
  • Eliminating or reducing credit card debt
  • Helping to build an emergency fund and much more!

Currently, let us ahead and find out tons of ways to make an extra $500 a month.


Top Ways to make an extra $500 a month

1. Getting paid to complete online surveys

how to make an extra 500 a month

Yes, one of the most proven ways to make an extra $500 a month is by completing surveys. Currently, there are plenty of companies that are willing to pay off money to people who are eager to complete different types of surveys.

If you are eager to make money online and fast, completing surveys is one of the finest options.

However, completing surveys won’t make you rich but they can allow you to make some extra money.

Here, you can easily take a look at different survey websites and then decide which one is good for you. I would recommend you Survey Junkie and Swagbucks to make decent money. 

Another thing you must note is that completing surveys won’t take much time. Therefore, you can easily do your regular work and complete surveys, at the same time.

Eventually, the metrics here are simpler where the amount of money will be decided with the number of surveys you complete.

Therefore, you can take off some time and see the best survey websites that can help you make an extra $500 a month.

2. Become Virtual Assistant

how to make an extra 500 a month

Another better way to make an extra $500 a month and becoming a virtual assistant will come into the spotlight. This is yet another popular online job that plenty of people are already doing.

A virtual assistant is responsible to deliver helping hand to different companies, organizations, websites, and even individuals.

The work of a virtual assistant will range from graphic designing, proofreading, and tons of other VA jobs.

Another best thing to work as a Virtual Assistant is that you can set your very own hours. With this, you don’t have to worry about working for hours you don’t like.

This enables a sense of flexibility and makes it one good way to make an extra $500 a month.

Being a virtual assistant, you will only need a laptop, desktop, good speed internet, and brilliant VA skills.

3. Make Money being a Proof-reader

how to make an extra 500 a month

If you are someone who loves correcting different Grammar mistakes and proofread, making money as a proof-reader is one better thing.

Yes, there are tons of proofreaders available right now that are making a good amount of money online.

In terms of estimations, plenty of proofreaders are making around $40,000 each year. This is one of the best things that shows the true potential of earning as a Proofreader.

Here, all you need is Grammar skills where you can then go ahead and start proofreading different articles.

At the start, you can work for free, and as and when you gain experience, then you can go ahead and start delivering your paid services.

Also, there are plenty of companies that are giving a good job for proofreaders. All they need is a candidate who can offer them brilliant work done in time. Here, you can work on an hourly basis and earn some of the best money.

As and when you will gain experience, you can shift among different companies. With this, you will get a chance to earn better pay.

Even more, you can try different online platforms such as Upwork and Fiverr to complete different freelance proofread work.

Altogether, as a proof-reader, you will get plenty of opportunities and all will depend on your skill.

4. Start a Blog

how to make an extra 500 a month

Well, one of the best and proven ways to make an extra $500 a month from home, blogging is a godless one.

Yes, millions of people are into the blogging industry where they are making a substantial amount of money.

Here, starting a blog is a lot simpler in 2020 and beyond where you only need some of the basic tools.

First of all, you need a good domain name, a brilliant hosting service provider, and of course, one-click WordPress installation.

However, before you can start your blogging journey, you must choose your niche. The niche must focus on your area of interest and the one from where you can make a good amount of money.

On top of that, if you are interested to start your very first blog, you can check out my step-by-step proven ways to create your first blog.

From my end, I didn’t realize the potential of blogging until I started the same. Yes, my start-up blogs failed but currently, I am into blogging and making good money from the same.

Which hosting is the Best for Blogging?

Currently, there are tons of hosting service providers available online. However, if you are looking for one of the best ones, Siteground is one better option.

The company has covered almost every single hosting feature and is offering world-class hosting to each hosting service provider.

Plus, their plans have been on the lesser end. Altogether, with better hosting, good uptime, and tons of fantastic features, you can choose Siteground hosting, without an issue.

5. Renting out Space

Renting out Space

If you are looking for another better way to make an extra $500 a month, renting out space is a fantastic one.

Here, if you have space in your home that is of no use, you can easily rent the same and make side money.

In this scenario, your investment cost is zero and you can make money every single month with this method.

Eventually, this sort of method requires no skills where all you can do is rent your space and earn monthly rents, without an issue.

6. Freelance Writing

Freelance Writing

Since the year 2015, the freelancer writing industry has boomed to substantial heights. Currently, there are millions of writers that are in the freelancing industry and are earning good amounts.

Here, the very first thing you will need is good writing skills. Even if you don’t have good writing skills, you can eventually read blogs, understand and develop the same.

Now, if you are thinking about where you can find freelance writing jobs, the answer is pretty simple. There are different websites such as Upwork and Fiver which offers work to different writers.

On top of that, you can also start your very own blog, write good pieces of content, and earn from Google Adsense or Affiliate marketing.

Each year, the profits of freelance writers is increasing that can help you make an extra $500 a month and much more.

Hence, all you will need is to work on your writing skills. Especially, pay heed to Grammar and once you have mastered each thing, then you can easily go ahead and apply for different freelance jobs.

7. Make money by selling on Amazon

selling on Amazon

If you are someone who shops on Amazon, you must have noticed that Amazon itself doesn’t really manufacturers anything.

With this, there are tons of sellers that work with Amazon out of which Amazon takes their cut on every single product.

Now, if you are willing to make an extra $500 a month, you can become a seller on Amazon. Yes, this doesn’t involve any sort of skills where Fulfillment by Amazon also known as FBA is a program that can help you in this case.

With FBA, you don’t need to store your own inventory along with shipping. All you need is to grab the products that you are willing to sell on Amazon.

Everything depends on the product you are willing to sell and the product demand truly plays a vital role.

Plus, if you are someone who is new to the Amazon selling industry, you can make use of the company’s free Amazon Seller app.

Yes, with the help of this amazing app, you can learn the basics of selling and make a smart decision in selling.

On the other hand, if you are not willing to use the Amazon FBA, you can manage your own inventory. However, for this, you will need manpower and an ability to manage your own inventory and ship products to the required destinations.

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8. Affiliate Marketing

Affiliate Marketing

Another proven and one of the best ways to make an extra $500 a month is Affiliate marketing. Yes, affiliate marketing is a thing that is running for years and people are making thousands of dollars from Affiliate marketing.

Now, to start off with affiliate marketing, one of the best things is beginning with your first blog. In this case, you can find different ways to earn money online using affiliate marketing.

If you are someone who likes to makes tons of money from affiliate marketing, reviewing hosting services can be one better option.

Yes, almost every single hosting company offers world-class commissions to each of its users.

Other than this, you can even join the Amazon affiliate program and start promoting Amazon products. In promotion, you can make use of Google Ads along with Facebook ads.

Altogether, a greater number of products you will promote, the greater will be your profits.

In terms of the blog to make an extra $500 a month using Affiliate marketing, your blog must have traffic in the first place.

As and when you will start getting traffic, you will slowly earn using commissions from Amazon.

Additionally, keeping aside the above methods, you can make use of affiliate marketing and earn money from tons of different methods.

Benefits of Affiliate Marketing

Currently, there are tons of reasons why affiliate marketing is one of the best ways to make an extra $500 a month.

  1. Low cost for getting started

Starting off with the first-ever reason, low cost is the reason why many people go for affiliate marketing. Here, you can even start affiliate marketing by promoting products on social media and make a good amount of money.

Here, all you need is social media accounts that you can use to promote different affiliate products.

On the other hand, starting your first blog is cost-friendly and you don’t have to spend much on the blog. Here, all you will need is a domain name, hosting provider, and a free theme.

As and when you have done the same, you can use your blog, drive traffic, promote products, and make good money from it.

  1. No need to create a Product

Yes, another amazing benefit of affiliate marketing is that you don’t have to create your product. In this case, there is no cost of production and you can keep all of your focus on advertising along with marketing.

  1. You can work from any location

With Affiliate marketing, there is no need to be in a standstill position. Here, each of the things is online and you can perform affiliate marketing from every location.

All you need is a laptop, desktop, and a working speed net connection. Once you have got the basics in place, then you can go ahead and perform affiliate marketing, the world-class way.

  1. Earning Passive income, the smarter way

With Affiliate marketing, there is no place for active income. Yes, you don’t have to work four hours in order to earn your daily income.

Here, income is earned in a passive way where you can set up your blog or even ads and let them do the rest. With this, you will get ample time to set up other passive sources and earn good money from the same.

This enables you to work smarter and with this, you can earn a good amount of money, the fastest way.

9. Teaching English as a Foreign Language

Teaching English

Yes, another best way to make an extra $500 a month, teaching English as a foreign language is a good thing. There are different companies that are looking for people who can teach English as a language to their clients.

Especially, in China, the demand for English as a language is increasing. In this scenario, you can opt for different online portals that can pay you to teach English.

Plus, even in other countries, the demand for English is greater and you can make people learn this language, in an online way.

Hence, if you are someone who knows English to perfection, there is no need to do much. You can run Facebook along with Google Ads to get clients.

Thereafter, you can teach English to your clients and earn some good money from it.

10. Looking after pets

Looking after pets

Indeed, in a world where people are not getting much time to look after their pets, they need a person who can look after the same.

In this case, you can be the pet master, look after the client pets through Rover app, and earn a good amount of income. Here, you don’t need any sort of investment and if you have got a house, you have sorted most of the things.

Now, for advertisement, you can make use of Google and Facebook ads. With proper advertisement, you can get clients that are eagerly looking for pet keepers.

On the other hand, if you are looking to start your pet business in a professional way, starting a blog can be a fantastic option.

Yes, with this, you can attract plenty of dogs along with cat owners. In terms of the rates, you can keep different rates for different pets.

Also, you can also work on the hourly rate basis and earn some good money by keeping pets.

Final Word of Mouth

 We have come at the ending phase and by now you must have got the best ways to make an extra $500 a month.

Additionally, each of the above ways is brilliant out of which most ways will require some skills from your end.

Personally, I liked the idea of blogging where you got to do anything on an online basis. You don’t have to quit your job and with blogging, you can continue the same in a part-time basis.

Plus, with blogging, you only need a domain name, hosting service provider and a brilliant theme.

On the other hand, you can also start off by being a virtual assistant or even a freelance writer. Although, you must note that both of the above work require some set of good skills.

For this, you can eventually start reading blogs and learn Grammar to perfection. Once you have become a master in the same, then you can go ahead and apply for such jobs online.

Eventually, to make an extra $500 a month, it’s an easy task. All you need is a right mindset to surf for different ways and make it happen.


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