For many people earning income of $1,000 per day seems like it will always be beyond their reach. However, for those who are willing to invest time and some money, achieving a $1,000 a day income is possible. Achieving it everyday may be a little more daunting. When most people think of earning $1,000 in a day, they really mean that they want an annual salary that averages that amount per day. To arrive at this lofty goal requires building multiple income streams or getting into a professional or other field that has a realistic expectation for that level of earnings potential.
Find a job with $1,000 per day potential earnings.
The problem with this approach is the time line and training required to achieve it. Doctors, lawyers, heads of corporations, and some small business people have this level of earnings potential. However, all of these will mean years of education or specialized training to be positioned for a shot at $1,000 per day earnings. For the vast majority of people, these options either exceed their time frames or their abilities.
Get into sales of big ticket or big commission items.
Real estate agents, car salespeople, insurance agents, and others who sell items that can net large commissions have the ability to generate a $1,000 per day earnings frequently. These people may not earn this amount every day, but many of them can average this amount over the course of a year. This type of sales does not require massive amounts of training and education. The downside is that it does require the proper personality to able to go out and sell. Salespeople have to able to deal with rejection on an almost daily basis and bounce back to keep earning commissions.
Build up multiple streams of income that do not require your total attention.
This can be done in a large number of ways. Obviously, it is better if you can have 10 sources of income that provide $100 per day than to need 100 sources at $10. However, it may be easier to reach 100 that earn $10 than 10 that earn $100 per day. To start an income stream flowing, you must find a product to sell or service to provide and a way to market and run it without your full time involvement.
Beginning a lawn care business is one way to get started.
Starting a summer yard service offering lawn mowing, weeding, and light landscaping is an easy one. Charge competitive prices and hire several people to do the work. If you can build up to servicing 20 yards per day, try to earn $5 per yard after equipment and personnel expenses. This will make you $100 per day for everyday that your crew is on the job. If you have good people and decent equipment, this should run itself after you land the accounts.
You can convert this to leaf and snow removal later in the season and lawn preparation in the spring. You may not maintain the $100 per day income in the off season, but you might get closer than you think. You can build this business as your income allows you to acquire additional equipment.
Build up multiple online businesses.
These businesses may only net you the $10 or so per day level until you really understand internet marketing techniques. Unlike the yard business, there is no reason that you cannot have 5, 10, or 20 of these businesses. Online businesses generate income 7 days per week and 24 hours per day. Many people run their online businesses with just a few hours each per week. The trick is to set them up with drop shipping or some type of inventory system that does not require you to do it all.
Find a way to earn revenue sharing or residual income.
Online writing is one way to do this. Once information is posted to a web site that pays you for each view of your material, the pennies start to add. With enough articles posted, you can earn $5 to $10 per day from this type of earnings. If you take the time to write ebooks, these can be sold over and over online for decent profits. By working with a number of sites, you can generate $20 to $100 per day over time. The great thing about this option is that you can keep your day job to anchor your income until the online work builds up.
Keep working to add income streams.
Try to add at least one new income stream per month. It may take you two or three years to learn the ropes and build up your income, but $1,000 per day is not beyond reach even in tough economic times.