How to Get Rich as a Lawyer? (28 Proven Ways in 2024)
Are you a lawyer who is looking to get rich? If so, you're in luck! There are many ways to become wealthy as a lawyer.
This blog post will discuss the best ways to make money as a lawyer. So, whether you are just starting out in your career or have been working as a lawyer for many years, read on for some valuable tips on getting rich!
1. Become a business law consultant ($518K/month)
Navigating the complexities of business law can be daunting for many companies. Enter the business law consultant. In simple terms, a business law consultant provides expert legal advice to businesses, ensuring they comply with laws and regulations while protecting their interests.
By offering services such as contract reviews, compliance auditing, and legal risk assessments, you can help businesses steer clear of costly legal pitfalls. For those with a background in law, this is an enriching avenue to utilize specialized knowledge and skills.
There is a significant and growing demand for such services as the regulatory environment becomes increasingly complex. Starting a business law consultancy allows you to offer critical support to businesses, helping them thrive in a legally sound manner. It’s a chance to build a reputation as an indispensable advisor, ensuring companies stay ahead of legal challenges confidently.
How much you can make: $80,000 — $1,500,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 30 days (?)
2. Start a tutorial blogging business ($30K/month)
Are you adept at explaining concepts and eager to share your knowledge? A tutorial blogging business might just be your perfect fit. This venture involves creating a blog that offers step-by-step guides and tutorials on various subjects, from tech hacks to DIY crafts.
The appeal lies in the flexibility and minimal startup costs; you only need a domain, hosting, and your expertise. By consistently producing high-quality content, you'll attract an audience looking to learn new skills, which can be monetized through ads, sponsored posts, or even premium content.
The real reward comes from seeing your impact as readers acquire new skills thanks to your guidance. If you have a teaching knack and a passion for writing, starting a tutorial blog could be a fulfilling and profitable endeavor with the potential for long-term passive income.
How much you can make: $10,000 — $50,000/month
How much does it cost to start: $200 (?)
How long does it take to build: 4 days (?)
3. Start a podcast ($97.9K/month)
The podcast business involves creating and producing audio content that people can listen to online.
It’s a popular form of entertainment and information-sharing.
To start a podcast business on a budget, you'll need a few key steps.
First, choose a niche or topic that you're passionate about and that has an audience.
Next, get basic recording equipment like a microphone and headphones.
Then, find a free or affordable hosting platform to publish your episodes.
Finally, promote your podcast through social media, online communities, and word of mouth to build an audience and potentially attract sponsors or advertisers.
How much you can make: $400 — $1,020,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 60 days (?)
Time commitment per week: Min. 2 hours/week
4. Become a virtual assistant ($233K/month)
Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As businesses these days tend to outsource their tasks, the demand for virtual assistants is growing rapidly.
Becoming a virtual assistant is flexible, as you can choose a work schedule and location at your convenience. Many virtual assistants have a dedicated home office where they work in a quiet and distraction-free environment.
To become a virtual assistant, identify a niche you like and undertake any training. Then, figure out how much to charge your customers and create an online presence where you can apply for jobs. As a virtual assistant, you can define your work schedule depending on your availability.
How much you can make: $1,000 — $1,000,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
5. Start an online influencer business ($46.3K/month)
An online influencer business is a company or service that gets products or services sold through popular online users. It can be a very lucrative form of marketing.
As technology has advanced, more and more influencer businesses are starting to rise. These are people or companies who become famous for being influential on various topics.
More and more companies are investing in online influencer marketing because this channel is successful for new product exposure or for sharing news about a brand through voice-overs on popular online videos. You can work with these online influencers in different ways including the use of affiliate marketing or product embeds with sponsorship.
How much you can make: $2,000 — $83,333/month
How long does it take to build: 145 days (?)
6. Start a catering business ($1.56M/month)
A catering business is responsible for providing food & beverage-related services for vast types of events.
Catering businesses are known to be more flexible than other businesses because they don’t have to worry about location or pricing and can even work 24/7. They can cater anywhere and offer any price point that they want.
However, starting a catering business requires a lot of planning.
To start a successful catering business , you'll need to plan and prepare menus, manage budgets, handle clients, and more.
In addition, catering allows you to meet more people and show off your cooking skills.
How much you can make: $4,000 — $6,000,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 90 days (?)
7. Start a lawyer training company
Polish the skills of tomorrow's legal minds with a lawyer training company. This business involves creating a specialized curriculum to help aspiring and practicing lawyers enhance their technical and soft skills. Design courses in areas like contract law, litigation, negotiation, and client communication to meet the varying needs of legal professionals.
It's an opportunity to contribute meaningfully to the legal community while building a profitable enterprise. You'll need to develop high-quality content, partner with experienced legal educators, and leverage technology to offer online and in-person training sessions.
The demand for continuous professional development in law is growing, and starting a lawyer training company could position you at the forefront of this crucial industry. If you're passionate about education and the legal field, this venture aligns perfectly with your ambitions.
How much you can make: $300,000/month
8. Start a law firm ($1.04M/month)
Starting a law firm offers an intriguing path to entrepreneurship in a high-stakes field. A law firm is a business providing legal advice and representation to individuals, businesses, and organizations. It's grounded on the expertise of qualified lawyers specializing in various legal areas such as corporate law, family law, criminal defense, and more.
This business holds substantial potential due to the consistent demand for legal services. However, it's not a venture for the faint-hearted; it requires obtaining the necessary legal qualifications, a deep understanding of the law, and a commitment to ongoing learning. Networking, building client relationships, and staying updated on legal developments are crucial.
With a law firm, you're not just starting a business, you’re embarking on a mission to uphold justice and support clients through significant, often challenging times. For those with a passion for law and a desire to make an impact, it can be a profoundly rewarding endeavor.
How much you can make: $80,000 — $5,000,000/month
How long does it take to build: 22 days (?)
9. Start a dropshipping reseller ($85.3K/month)
Drop shipping is a retail fulfilment method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer.
Drop shipping doesn't require much investment and it has a low risk because it doesn't require upfront costs. Besides, dropshipping can be a profitable business model for merchants since they do not pay for shipping or cost of product manufacturing.
To start the business follow these steps:
- Choose a niche
- Perform competition research
- Find a reputable manufacturer/supplier
- Build an online store
- Market your store
- Analyze and improve your offering
If you do not want to create a dropshipping business from scratch, you can find a dropshipping business for sale on exchange marketplace.
How much you can make: $6,000 — $150,000/month
How much does it cost to start: $1,000 (?)
10. Become a ghost blogger ($12.2K/month)
A ghost blogger is simply a writer who specializes in producing blogs for other people.
As a ghost blogger, you can earn between $300 and $1,500 per week, depending on word count and topic.
Ideally, the ideas and knowledge contained in the article originate from the publicly named author.
Therefore, as a ghostwriter, your role is to put the ideas into words.
How much you can make: $450 — $24,000/month
How much does it cost to start: $150 (?)
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
11. Start a youtube video creation business
In today's digital world, YouTube channel has become an essential marketing tool. YouTube is the top video marketing platform for brands looking for paid and organic growth through video content. Businesses hire video creators to help them record, edit and upload YouTube videos.
Are you a videographer with an interest in YouTube marketing? Consider starting a YouTube video creation business.
To start your business, register a brand name and create a website and a YouTube channel. Use the YouTube channel and the website to sensitize your target customers on the importance of video marketing.
Potential customers include new and existing startups, individuals, celebrities, and organizations looking to use YouTube video marketing to grow their reach.
How much you can make: $50,000/month
How much does it cost to start: $257 (?)
How long does it take to build: 25 days (?)
12. Start an educational blog ($63K/month)
An educational blog business involves creating a website where you share informative content on a specific subject to educate your audience.
To start on a budget, choose a niche you're knowledgeable and passionate about.
Create quality content using free platforms like WordPress or YouTube.
Promote your blog on social media and through SEO techniques, and consider monetizing it with methods like affiliate marketing and selling digital products once you have a steady flow of visitors.
Consistency and providing genuine value are crucial for success.
How much you can make: $50 — $830,000/month
How much does it cost to start: $170 (?)
How long does it take to build: 30 days (?)
13. Start a food delivery business ($510K/month)
In today’s busy lifestyles and schedules, cooking is no longer a priority to many. People like to order-in food from their nearest restaurants or food joints and enjoy a meal in the comfort of their homes.
The food delivery business is like a courier service through which restaurants deliver food to their customers.
You can offer retail food delivery services to restaurants within your locality if you have a truck. Customers order through a restaurant or grocer’s website, and the owners contact you to deliver.
How much you can make: $14,000 — $1,800,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 90 days (?)
14. Start a sports skills coaching business ($9.5K/month)
Unleash your passion for sports and help others excel in their favorite games by starting a sports skills coaching business. Partnering with individuals, schools, or sports clubs, you can offer personalized training to help athletes improve their performance and achieve their sports goals.
Your deep understanding of the game, strategic insight, and ability to break down complex techniques will be invaluable. No two days will be the same as you're constantly tweaking training plans, responding to individual progress, and witnessing the exciting growth of your athletes.
Expand the scope of your sessions beyond just skill development. Include fitness, nutrition, and psychological strength training. Your enterprise could become the guiding light athletes need to reach the next level of their career. Wrap your life around the exhilarating world of sports and inspire others with your passion and expertise.
How much you can make: $3,000 — $16,000/month
How much does it cost to start: $175 (?)
How long does it take to build: 90 days (?)
15. Start a swimming pool rental business
Starting a swimming pool rental business can be an exciting and rewarding experience. Pool owners are looking to rent their pools out during the off-season to recoup some of their costs.
Landlords or condo owners may want to earn an additional revenue stream from the swimming pool property they own. The swimming Pool Market size was valued at $3B in 2019 and is projected to reach $3.6B by 2027. The presence of developed infrastructure and the thriving wellness tourism industry will facilitate the swimming pool market growth.
16. Start a law & lawyer information business ($305K/month)
Are you fascinated by the legal world but not interested in becoming a lawyer? Consider setting up a law and lawyer information business.
This venture involves creating a platform that offers accessible and reliable legal information to the public. Think of it as a one-stop-shop for all things legal—guides, articles, Q&A sessions, and even directories of reputable lawyers in various specializations.
There's a growing demand for simplified legal advice that people can trust without complex jargon. With a well-organized website, effective SEO strategies, and a network of expert contributors, you'd be providing a valuable service to individuals and businesses alike.
While it requires dedication to stay updated with legal developments and maintain high-quality content, the satisfaction of empowering people with legal knowledge makes it worthwhile. Ready for the challenge? A law and lawyer information business could be your next big move in making legal help accessible.
How much you can make: $15,000 — $750,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 30 days (?)
17. Start an affiliate marketing business ($77.5K/month)
Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.
To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.
How much you can make: $500 — $773,000/month
How much does it cost to start: $700 (?)
How long does it take to build: 60 days (?)
18. Start a custom app development service ($193K/month)
In today's digital landscape, custom app development services are increasingly in demand. Imagine offering tailored mobile and web applications for businesses that need specialized solutions beyond off-the-shelf software.
Starting a custom app development service means you can become the go-to resource for companies looking to innovate and streamline their operations. You’ll work closely with clients to understand their unique needs, translate those requirements into functional apps, and support them through the digital transformation process.
This business requires strong programming skills and an ability to understand diverse business models. It's not an easy road, requiring continuous learning and a keen eye for new technologies. However, the satisfaction of creating a unique product that solves real problems can be immensely rewarding.
If you’re tech-savvy and have a knack for problem-solving, this could be your path to a fulfilling and lucrative business.
How much you can make: $10,000 — $700,000/month
How long does it take to build: 80 days (?)
19. Start an online tutors business ($40.8K/month)
Online tutoring is a growing business idea that provides academic assistance and support to students through the internet. This can be done through one-on-one sessions, group classes, or pre-recorded video lessons. Online tutors can specialize in a specific subject or offer tutoring services for various subjects.
To start an online tutoring business, you must have a strong background in the subject or subjects you want to tutor. You will also need good communication skills and be comfortable using technology, as you will interact with students through video conferencing platforms or messaging apps.
To succeed in this business, you will need to be able to provide high-quality tutoring services that help students understand and retain the material. This may involve creating personalized lesson plans and materials, providing feedback and support, and being available to answer questions and provide guidance. You will also need to be able to market your services effectively to attract potential clients.
There are a few key steps to starting an online tutoring business:
- Determine your areas of expertise and the subjects you are comfortable tutoring.
- Develop a website or online platform to showcase your services and allow students to schedule sessions or access materials.
- Set up a payment system and establish your rates.
- Promote your services through social media, online classifieds, or networking with schools and educational institutions.
- Provide high-quality tutoring services that meet the needs of your students and help them succeed academically.
To succeed in this business, you will need to be organized, reliable, and able to adapt to the needs of your students. You will also need to be able to communicate effectively and use technology to your advantage. With hard work and dedication, an online tutoring business can be a rewarding and fulfilling career choice.
How much you can make: $6,000 — $120,000/month
How much does it cost to start: $70 (?)
How long does it take to build: 6 days (?)
20. Become a labor & employment lawyer
Labor and employment lawyers represent employers and employees in disputes and negotiations. The professionals focus on industries with labor unions and specialized rules and regulations.
Employers/employees may want to consult a labor lawyer if they are threatened with a lawsuit based on mistreatment, unlawful overtime, discrimination, e.tc.
to become a labor lawyer, you must complete law school training and specialize in industrial / labor law. After the training course, you must work under an advocate to gain the skills and experience to serve independently.
21. Print on demand business ($411K/month)
A print-on-demand business involves selling customized products without upfront inventory costs.
The business model utilizes dropshipping production and fulfillment services to print custom apparel, home goods, phone cases, and other merchandise one order at a time.
By leveraging online marketplace platforms like Amazon, eBay, and Etsy as virtual storefronts, print-on-demand sellers can focus on designing trendy and unique products while reaching global audiences.
With minimal startup costs and the freedom to run operations from home, launching a print-on-demand model empowers aspiring founders to monetize their creativity and build ascalable business at their own pace.
How much you can make: $200 — $3,000,000/month
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
22. Start an online academy business
In today’s digital age, education no longer needs to be confined to physical classrooms. Starting an online academy allows you to deliver specialized courses to a global audience from the comfort of your home.
Creating an online academy entails offering unique and compelling content that people are eager to learn. You’ll need to develop comprehensive courses, market them effectively, and engage with students to ensure a fulfilling educational experience.
Interest in online learning is rapidly growing, giving you an excellent opportunity to share your expertise and connect with learners worldwide. The work involved is substantial—course creation, platform management, and student interaction—but the potential for far-reaching impact and revenue makes it worthwhile.
The desire to educate and the ability to reach students globally make this business idea appealing. For those willing to invest the time and effort, an online academy can be both financially rewarding and personally fulfilling.
How much you can make: $15,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 30 days (?)
More business ideas
- 23. Start a law blog
24. Start a law publication service
Seeking to bridge the gap between complex legal jargon and everyday understanding? Consider launching a law publication service. This business focuses on simplifying and disseminating legal information, statutes, case laws, and regulatory updates to a broader audience.
At its core, you’ll be producing legal content—articles, newsletters, or even magazines—that translates intricate legal information into easily digestible formats for professionals and laypeople alike. It requires meticulous research, clear writing, and a keen understanding of legal contexts.
The demand for accessible legal knowledge is on the rise, creating an excellent opportunity for you to tap into law firms, corporate clients, and individuals needing reliable legal information. With consistent, quality content, you can establish yourself as a go-to resource in the legal community.
This isn't just a business; it’s a chance to make legal knowledge universally accessible while building your personal brand in the legal sphere.
How much you can make: $150,000/month
How much does it cost to start: $2,500 (?)
How long does it take to build: 14 days (?)
25. Start a cruise ship travel agent business
Cruise ship travel agents are professionals who work on board cruise ships. They are responsible for helping passengers plan their trips, make reservations for shore excursions, and assist them with any other travel-related needs.
Cruise ship agents may specialize in a specific area of expertise, such as booking tours or finding excursions that match the interests of the passengers. For example, if the passenger is interested in wildlife viewing or diving, then the agent might have extensive knowledge of which tours would be best for them to take.
The first step to starting a cruise ship travel agent is to find a cruise line you are interested in. The next step is to find out if the company has any openings for an agent. If they do, you will need to apply for the position. If not, you may need to wait until one becomes available.
How much does it cost to start: $1,500 (?)
How long does it take to build: 90 days (?)
26. Start a bartending service
Bartending service involves providing drinks and mixers to customers at events, bars, restaurants, and other venues. To start a bartending service, you must obtain a liquor license and hire trained bartenders.
It is essential to have a strong understanding of different types of alcohol, mixers, and popular drink recipes. Successfully operating a bartending service requires excellent customer service skills and the ability to handle high-stress environments.
Employment for bartenders is expected to grow by 9% from 2019 to 2029. To stand out in the competitive bartending industry, continuously educate yourself on new drink trends and techniques.
A bartending service can be a lucrative and rewarding business idea for those passionate about mixology and customer service. You can operate a successful bartending service by providing high-quality service and continuously learning and adapting.
More business ideas
- 27. Start a backpacking meals business
- 28. Start an affiliate marketing without website business
Frequently asked questions
Can you get rich as a lawyer?
If you're a lawyer, you're probably not in it for the money. But that doesn't mean you can't get rich. The easiest way to build real wealth as a lawyer is to start your own business. Maybe one of the ones we listed in the business ideas list a bit above.
How to get rich as a lawyer?
First, invest in yourself. Get an education and specialize in a field that pays well.
Second, think outside the box. There are many opportunities for a lawyer to make money.
Third, be creative and entrepreneurial. Start your own business or find ways to monetize your skills and knowledge.
By following these tips, you can become a wealthy lawyer and enjoy the good life!
Conclusion
A lawyer can get rich by becoming a lawyer entrepreneur.
There are many opportunities for lawyers to start their businesses and become wealthy.
Lawyers can create their products or services or provide consulting services to other professionals in their field.
Lawyers who are successful in business have several things in common, including a willingness to take risks, an entrepreneurial mindset, and a dedication to excellence.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
