How to Make 6 Figures As A Business Intelligence Analyst? (11 Best Ways in 2024)
So you want to make six figures as a business intelligence analyst? Good for you! Being a business intelligence analyst is a highly respectable and well-paid profession, and there's no reason why you can't earn a high income if you put your mind to it.
In this blog post, we'll look at some of the best ways to make more money as a business intelligence analyst - business ideas you can start to achieve such income. Keep reading to learn more!
1. Become a social media influencer ($57.4K/month)
As a business intelligence analyst, becoming a social media influencer could substantially supplement your income and potentially help you reach a six-figure salary. Brands are increasingly turning to social media platforms like Instagram, YouTube, Facebook, and TikTok to connect with their target audiences, and they're willing to pay influencers for their ability to drive engagement and persuade followers.
You could establish yourself as a credible expert in the field of business intelligence, sharing insightful content on data analytics, industry trends, and professional development tips. By choosing a popular niche within this domain and consistently creating valuable and relevant content, you could attract a dedicated following and monetize your influence through brand partnerships, sponsored posts, and even exclusive consultancy offers.
How much you can make: $2,500 — $166,666/month
How much does it cost to start: $800 (?)
How long does it take to build: 155 days (?)
How one mother built a profitable frugal motherhood, life, and travel blog from scratch, using Instagram, Pinterest, and paid sponsorships to grow from 0 to 18.5K followers and generate $1,500-$3,000 per month in less than two years.
2. Start a freelance writing business ($62.6K/month)
Starting a freelance writing business could substantially boost your income as a business intelligence analyst, enabling you to reach six figures more quickly. With your industry expertise, you could create high-quality content focused on data analytics, business intelligence tools, and industry trends. This specialized knowledge would make your writing highly valuable to clients, allowing you to charge premium rates.
Moreover, freelancing offers unparalleled flexibility. You could manage your writing projects around your primary job, setting your own schedule and working from home. By leveraging your strong writing skills, ability to meet deadlines, and staying updated with the latest writing tools, you could successfully build a profitable side business or even transition to full-time freelance writing if desired.
How much you can make: $700 — $500,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 56 days (?)
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
3. Start a career coaching business ($48.5K/month)
Starting a career coaching business could help you achieve six figures as a business intelligence analyst by leveraging your industry expertise to provide personalized guidance and strategic career advice to clients. This side business allows you to monetize your skills and experiences in resume building, interview preparation, and workplace advancement, catering specifically to client needs and aspirations.
You could offer flexible coaching sessions, both in-person and virtually, to build a diverse client base and help others navigate professional transitions successfully. This venture is particularly beneficial if you have a knack for speaking and human resources; it allows you to turn your motivational abilities into a revenue stream while maintaining control over your schedule.
How much you can make: $1,000 — $235,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 60 days (?)
Wall Street Oasis, the largest online community focused on careers in finance, has over 100 million visitors during its 14-year history and is currently receiving over 2 million visits per month, offering interview courses and mentorship services, in addition to building and investing in a thriving online community.
4. Create an online course ($82.8K/month)
Starting an online course business could provide a lucrative way for a business intelligence analyst to achieve a six-figure income by monetizing specialized skills and knowledge. By identifying educational gaps in the industry and creating engaging video lessons and supplementary materials, you could draw a dedicated audience of students eager to learn from your expertise.
With the flexibility of offering self-paced or cohort-based structures, you could build a student base that provides passive income while you continue to work in your primary role. For those who enjoy information-sharing, launching an online course platform could be a cost-effective way to generate additional revenue, allowing you to leverage your instructional talents to serve lifelong learners seeking convenient access to critical skills.
How much you can make: $275 — $1,000,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 88 days (?)
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
5. Digital products ($242K/month)
Starting a side business revolving around digital products could significantly boost your income as a business intelligence analyst, potentially helping you reach six figures. Digital products like software tools, data visualization plugins, online courses, or informative ebooks leverage your existing skills and knowledge. This means you could create valuable resources that resonate with your professional expertise, making it easier for you to produce and market these products efficiently.
Moreover, the nature of digital products allows for scalability without the logistical headaches of traditional businesses. By creating a product once and selling it repeatedly online, you minimize costs and maximize your earning potential. This approach allows you to extend your influence beyond your current job, providing a steady, passive income stream that complements your analyst career.
How much you can make: $10,417 — $1,766,666/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 60 days (?)
FilterGrade is an eCommerce platform offering digital assets such as photo filters and video templates; attracting over 450,000 monthly users and generating approximately 30k a month, the founders worked hard to build a valuable marketplace for creators while focusing on digital marketing, partnerships, and content creation.
6. Start a podcast ($97.9K/month)
Starting a podcast could be a strategic way to supplement your income as a business intelligence analyst. By focusing your podcast on industry trends, data analysis techniques, or success stories from the field, you could attract an audience of professionals eager to learn and grow. This niche content could position you as a thought leader in the business intelligence space, increasing your visibility and credibility.
Additionally, a successful podcast could open up monetization opportunities through sponsorships, advertising, and premium content. By promoting your podcast through social media, online communities, and word of mouth, you could build a dedicated audience. Over time, this engaged listener base could translate into significant additional income, contributing towards reaching that six-figure salary milestone.
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
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
7. Start a youtube channel ($146K/month)
Starting a YouTube channel could provide a lucrative avenue to supplement your income as a business intelligence analyst. By creating valuable, industry-related content, you could attract a dedicated audience looking to learn from your expertise, eventually monetizing your channel through advertisements, sponsorships, and affiliate marketing. Leveraging YouTube's established monetization system and its vast user base, you could transform your passion for content creation into a significant revenue stream.
Achieving success will require time and dedication, but multiple success stories suggest it is more than feasible. By sharing tutorials, case studies, and industry insights, you could not only enhance your personal brand but also open doors to consulting opportunities and paid collaborations. Reaching the minimum threshold of 1,000 subscribers and 4,000 watch hours is a realistic goal that, once met, sets the stage for ongoing income generation and career advancement.
How much you can make: $800 — $1,000,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 5 hours/week
Learn how this entrepreneurial couple made $5-7k a month by helping others find legitimate work from home jobs and creative ways to make money online through their blog and YouTube channel, as well as offering two flagship products designed to help beginner freelancers and new bloggers accelerate growth.
8. Start an ecommerce store ($287K/month)
Starting an ecommerce store could provide you with a flexible avenue to supplement your income and work towards making six figures as a business intelligence analyst. With lower overhead costs and the ability to reach a wide audience online, an ecommerce business allows you to leverage your analytical skills to identify market trends and consumer behavior, ensuring that your products or services align with current demand.
In the booming ecommerce landscape, consumers appreciate the ease and convenience of shopping online, which could lead to a steady stream of sales if you target the right audience. Setting up your online store involves creating a website, integrating payment processing software, and managing inventory through shopping cart platforms—all tasks that can be streamlined with your data-driven approach.
By effectively analyzing sales data and optimizing your marketing strategies, you could scale your ecommerce business into a substantial side income or even transition it into your primary business, increasing your total earnings and achieving the financial milestone of six figures.
How much you can make: $350 — $13,500,000/month
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
Southern Elegance Candle Company, founded by D'Shawn Russell, started as a side hustle making around $200 per weekend at a local Farmers Market, but now averages approximately $20,000 per month in sales across their retail site, wholesale site, and Faire.
9. Become an affiliate marketer ($55.3K/month)
Starting an affiliate marketer business could help you make six figures as a business intelligence analyst by leveraging your analytical skills to identify high-performing products and the most effective marketing strategies. Given your expertise in data-driven decision-making, you could optimize your marketing campaigns to target the right audience, thereby enhancing your chances of earning substantial commissions.
Additionally, affiliate marketing requires minimal upfront investment, allowing you to start small and scale up as you gain experience. This side venture offers a flexible way to supplement your income while developing entrepreneurial skills, potentially evolving into a full-fledged business that significantly boosts your earnings.
By choosing a niche that aligns with your professional interests or expertise, you could also create content that resonates more authentically with your audience. This strategic alignment not only establishes credibility but also drives more successful referrals, inching you closer to that six-figure milestone.
How much you can make: $18,000 — $83,000/month
How much does it cost to start: $100 (?)
How long does it take to build: 150 days (?)
This case study explores how Spencer Mecham founded Buildapreneur, an affiliate marketing business, and has made over half a million dollars in profit with no employees, relying solely on content marketing through platforms like Facebook, YouTube, and TikTok.
10. Start a social media marketing agency ($386K/month)
Starting a social media marketing agency could significantly supplement your income and help you reach six figures as a business intelligence analyst. This venture allows you to utilize social media marketing tools to automate many tasks, minimizing the time required to manage the agency. With a solid social media marketing strategy, you could efficiently serve clients, enhancing your income by clearing utility bills, financing education, or saving for vacations.
Creating an agency portfolio could attract target customers, showcasing your ability to deliver effective marketing solutions. By leveraging your analytical skills as a business intelligence analyst, you could optimize marketing campaigns and provide data-driven insights, setting you apart in the competitive market. This entrepreneurial endeavor could be a lucrative side business or eventually grow into a full-fledged agency.
How much you can make: $1,000 — $4,166,667/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 75 days (?)
Time commitment per week: Min. 30 hours/week
How David Tile turned a freelance writing gig into an $80k/month business, discussing lessons learned through managing growing demands and maintaining a remote team operation.
11. Start a blog ($44.9K/month)
Starting a blog could be a highly effective way to supplement your income as a business intelligence analyst and potentially help you reach that coveted six-figure mark. By sharing your expertise and insights on topics like data visualization, predictive analytics, or business optimization, you could quickly build a loyal following of readers. Given that 77% of internet users read blogs and blogs are rated as the 5th most trustworthy source of online information, your blog could easily become a go-to resource in your industry.
This venture not only serves as a creative outlet but also allows you to monetize through ads, sponsored posts, affiliate marketing, or even selling your own e-books and online courses. With approximately 409 million people viewing more than 20 billion pages each month, the audience and revenue potential is substantial. Creating a well-thought-out content strategy, establishing a mailing list, and maintaining a regular posting schedule are key to keeping your audience engaged and growing your blog into a profitable business.
How much you can make: $100 — $650,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
Learn how one couple created a successful personal finance blog, The Savvy Couple, that now makes over $20,000 per month and has sold thousands of digital workbooks and courses, by focusing on purposeful content and optimizing their ROI with efficient time management.
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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.
