The Smartest Path to $10,000 Per Month In 2024

Today I’m going to show you the smartest path to making $10,000 a month or more.

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Whether you’re starting from zero and looking to hit your first $10,000 month, or you’ve been at this for a while and are aiming to add another $10K to your monthly income consistently and predictably, this guide will provide you with a proven step-by-step process to follow.

And the best part? This system works no matter who you are, where you’re from, and can be started with zero dollars and zero experience.

I know this because it’s the exact process I used to go from an absolute beginner with no skills, making exactly zero dollars, to making 10K, 50K, 100K, and then multiple hundreds of thousands of dollars each and every month. So have hundreds of my clients and students. So I know that you can do it too.

What We’ll Cover

Here’s what we’re going to dive into:

  1. The Best and Most Proven Path: I’ll show you how to make not just $10,000 but potentially even $20,000, $50,000, or hundreds of thousands of dollars every month. There are countless ways to make money online, but not all methods are created equal. I’ll guide you to win by playing the money game on easy mode.
  2. The 3 Elements You Need: I’ll reveal the three critical elements you need to ensure your greatest chance of success. Missing even one of these increases your odds of failure by 100x, so take notes!
  3. Choosing the Best Path for YOU: I’ll help you select the most suitable strategy to get you to that $10,000 per month mark. There’s a clear winner here, but it’s important to cover all the options so you can move forward with confidence.

As Warren Buffett said, “It doesn’t matter how hard you row; it matters what boat you’re in.” This may be the most crucial part of the entire process. If you choose the right opportunity, which I’ll help you do, you can tap into existing market forces that are making others wealthy and successful.

So, are you ready to dive in?

The Smartest Path to $10,000 Per Month

To start, I want to introduce you to a concept that changed my financial life forever.

According to Robert Kiyosaki in his book “Rich Dad Poor Dad,” when it comes to making money, there are really only four options available. He calls this the Cashflow Quadrant. On the left side, you have the traditional paths that most of us are encouraged to follow, starting with being an employee and possibly moving down to being self-employed.

But it’s on the right-hand side of the quadrant that true financial freedom is achieved—by being a business owner and an investor.

Choosing the Right Path

Yes, you can make $10,000 a month by staying on the left-hand side of the quadrant. But for me, I knew that getting another job, even a high-paying one, wasn’t going to get me where I ultimately wanted to go. My goal wasn’t just $10,000 a month; I also wanted true time freedom, location freedom, and ideally, an unlimited income.

  • Being an employee? Out.
  • Being self-employed? Gives some control, but not true freedom. Out.
  • Being an investor? Awesome, but I had nothing to invest. Out.

Which left me with only one option: Business owner.

Later in my career, I heard a quote by Naval Ravikant that really drove this home: “You’re not going to get rich renting out your time; you must own part of a business to gain your financial freedom.”

What Kind of Business Is Best?

If starting or owning a business is the best path forward, the next question becomes, what kind of business should you start?

To answer that, let me tell you about a company that tried to reinvent the wheel and failed—and how their failure can teach you one of the most important lessons in business.

The 3 Elements to Success

For a business to succeed, you need three elements to align: Right place, right time, and right people.

Let me show you how important this is by telling you a story about some catastrophic business failures.

Right Place, Right Time, Wrong People

The year was 2001. The iPod, Harry Potter, and Shrek were the biggest names in town. And to the creators of the Segway, the future of personal transportation looked friendly. They had big dreams of turning every sidewalk into a mini expressway.

But in a classic business case of right place, right time, they forgot one crucial ingredient: right people. They failed to realize that nobody wanted an awkward, expensive, impractical, and let’s be honest, kinda goofy-looking thing.

Right Place, Wrong Time, Right People

When most people think of a smartphone, they think of the iPhone, Android, or maybe even the Blackberry. But it was actually IBM back in 1994 that released what is widely considered to be the very first smartphone, the IBM Simon. Sadly, it only survived a year before being pulled from the shelves.

Why? While people liked the touchscreen, email, and fax capabilities (yes, fax!), the Simon failed because it was considered a big, heavy, expensive luxury item that customers just didn’t understand yet.

Wrong Place, Right Time, Right People

Finally, let’s talk about Blockbuster. Even though the digital streaming era was about to take off (right time), and Blockbuster’s competitor Netflix was proving that there was demand for digital streaming (right people), Blockbuster still refused to adapt and invest in this new model (wrong place), which ultimately led to their downfall.

And this is why all three things must align.

Luckily for us, we’ve got a ton of different options to choose from that line up perfectly and check all the boxes we need for growth, profitability, and market demand.

Business on Easy Mode

I like a good challenge as much as anyone, but when it comes to making money, I want the process to be as easy as possible.

In the game of business, you’re not rewarded for how hard you work, only for the results you deliver. So if you’re only being rewarded on your results, why make things harder than they need to be?

That’s right, you wouldn’t.

So we’re going to make things as easy as possible by choosing what Joe Polish and Dean Jackson call an E.L.F. Business—where ELF stands for easy, lucrative, and fun.

This is what Warren Buffett meant when he suggested that choosing the right boat (the right business vehicle, in this case) is more important than how hard you work.

Premium Pricing

To keep things simple, let’s divide pricing strategy into two different camps: High price and low price.

One of the biggest myths in marketing is that it’s easier to sell low-priced things than high-priced things. But this isn’t always the case. In fact, often the same amount of effort is required to sell something for $10 as it is to sell something for $10,000. The only difference is that in the first case, you make $10 bucks, and in the second, $10,000.

High Profit Margins

For example, if you sell something for $1,000, but it costs you $999 to make, then your profit margin is $1, which is a 0.1% profit margin. This is why I’ve never been a big fan of dropshipping, ecommerce, or product-based businesses for beginners. There’s too much risk, too much capital required, and too little profit to justify the work involved.

On the other hand, if you sell something for $100, but it only costs you $10 to make, then you’re working with a $90, or a 90% profit margin. This is why my preference is almost always selling services with higher profit margins rather than products, for both beginners and experts alike.

Selling Something Valuable

One of the biggest problems I see in business is entrepreneurs putting their blood, sweat, and tears into selling something people just don’t want. This is why I love markets with competition. In fact, I’ll only ever go into a business if there are already other businesses operating in that space, as it proves there’s demand.

That said, there’s a big difference between surviving and thriving, which is what we’re after. So, we need to make sure that what we’re selling is valuable—really valuable. And the way to do that is by solving a big problem that someone is experiencing right now, who has the desire and ability to pay to have it solved.

Sell to Customers Who Can Buy Now

In marketing, we can divide up the market into two major segments: B2B (business to business) and B2C (business to consumer).

And my favorite market of all time? Business owners—the B2B market. Selling services to other business owners that help them run their business, get more customers, and make more sales.

As for which services specifically, the best ones need to be:

  • Easy to deliver (automate as much as possible)
  • Scalable (so you can take on new clients without burning out)
  • Something that allows you to get started fast

So, what should you sell? The best thing you can offer is a solution that gets businesses more customers, makes more sales, and helps increase revenue. And that’s where marketing comes in.

How to Sell Marketing Services as a Beginner

The first thing to understand about becoming a marketer and helping businesses generate more leads, customers, and sales is that your potential clients don’t care about your experience. They don’t care if you have a degree (you don’t need one), your age, gender, or where you live. None of that matters.

The only thing that matters is RESULTS.

In other words, your ability to help them get more customers and make more sales. That’s literally all that matters.

And that’s great news because there are many ways you can help them, even if you’re brand new to marketing and have never done this before.

In fact, let me show you a way that you can get started today—literally, as soon as you finish reading this post—and be well on your way to a lifetime of time, location, and financial independence.

The 3 Levels of Marketing Services

There are three different levels of marketing services you can offer, and understanding these will help you see why much of the advice out there may not apply to you right now, but also paints a pretty nice picture of where you can end up in the not-so-distant future.

Top Level: Marketing Consulting (Advisory)

This is where you go in, listen to a business’s problems, and create strategic marketing solutions to help them solve them. Top consultants can make anywhere from $2K to $10K per client, per month. At my peak, I was working with around 20-30 clients per month, which obviously provides a pretty crazy income.

Mid-Level: Marketing Agency (Done for You)

This is where I’d love for you to end up sooner rather than later. Running your own marketing agency, offering services to clients, and charging anywhere from $1.5K to $5K per month. You can either do the work yourself and keep all of the profits, or hire others to help with the service fulfillment part while you concentrate on sales and bringing in new clients. This is an amazing path and one of the best online business models today.

Easy Level: Software (Affiliate Marketing)

Finally, we have the fastest and easiest path to making your first $1K, $2K, $5K, or $10K online, which is still selling marketing services to business owners, a service we know they want, need, and are willing to pay for—but selling it in a way that allows them to do it themselves.

The best way to do this is through something called affiliate marketing, where you introduce the business owner to a piece of software that allows them to do all their marketing themselves. You earn a commission every time someone signs up.

The beauty of this is that it’s completely beginner-friendly, so you can get started with no money, no experience, and no risk, as all you’re doing is introducing the software, which does all the heavy lifting for you.

After over a decade of doing this and trying almost every marketing software out there, I can confidently say that I’ve found the best tool for this—something called HighLevel. I’ve got free training, tools, courses, and even a complete affiliate marketing training called Affiliate Marketing Camp that you can sign up for today, completely free.

And if you’re looking for the shortcut to get more clients and build your 6 or 7-figure agency even faster, I’ll also link our Agency Accelerator program for you to learn more if you’re interested.

About the Author

Hi, I’m Adam Erhart, Marketing Strategist.

My job is to show you the exact triggers and messages that make your business irresistible to clients. When you get this right, you’ll:

1) Attract more (and better) clients 2) Increase sales and revenue (without feeling “salesy”), and 3) Grow your business—without burning out.

If you want to GROW your business? Click here.

If you want to START a business? Click here.

The One Page Marketing Cheatsheet

Before tactics and tools can work, the single most important thing is to get your business's overall marketing strategy right.

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