How to Make 6 Figures As A Digital Transformation Consultant? (11 Best Ways in 2024)
So you want to make six figures as a digital transformation consultant? Good for you! Being a digital transformation consultant 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 digital transformation consultant - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start a podcast ($97.9K/month)
Starting a podcast could be a lucrative way to supplement your income and potentially make six figures as a Digital Transformation Consultant. By creating a podcast focused on digital transformation topics, trends, and insights, you could attract a dedicated audience of professionals eager to learn more about the industry. This platform could position you as a thought leader and subject matter expert, opening up various monetization opportunities such as sponsorships, advertisements, and paid subscriptions.
Furthermore, as you share your expertise and connect with influential guests in the industry, you could leverage this content to build your brand and gain referrals for consulting projects. The podcast could serve as a marketing tool to showcase your knowledge and experience, driving interest in your consulting services and thereby increasing your overall income. Starting a podcast involves minimal startup costs, making it a budget-friendly venture with significant potential for financial growth.
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.
2. Start a blog ($44.9K/month)
Starting a blog in your field of expertise could significantly supplement your income as a Digital Transformation Consultant. Given that 77% of internet users read blogs and blogs are rated as the 5th most trustworthy source of information, you could leverage your consulting knowledge to attract a large and engaged audience. Sharing your insights and experiences could position you as a thought leader in the industry, opening doors to consulting gigs, speaking engagements, and sponsoring opportunities.
Additionally, blogging is a location-independent venture, meaning you could work from anywhere at any time. This flexibility allows you to manage your consulting projects while building a profitable side business. With the right content strategy and a consistent posting routine, you could turn your blog into a lucrative niche that might even surpass your consulting earnings.
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.
3. Start a career coaching business ($48.5K/month)
Starting a career coaching business could significantly supplement your income as a Digital Transformation Consultant by allowing you to monetize your expertise in guiding others through professional transitions and growth. As a career coach, you could leverage your experience to offer personalized guidance, such as resume building, interview preparation, and workplace advancement strategies, all tailored to your clients' unique career aspirations.
With the flexibility to hold in-person or virtual sessions, you could build a diverse client base and use your motivational skills to facilitate tangible breakthroughs for your clients. By launching a coaching practice, you could not only set your own schedule but also potentially reach the sought-after six-figure income, combining your speaking talents and human resources expertise into a profitable side business or even a full-fledged enterprise.
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. Become a social media influencer ($57.4K/month)
Starting a social media influencer venture could significantly supplement your income as a Digital Transformation Consultant. By establishing yourself as a credible voice in the digital transformation space on platforms like LinkedIn, Instagram, or YouTube, you could attract sponsorships, affiliate marketing opportunities, and even consulting gigs from brands looking to leverage your expertise.
Given the importance of social media, and its integral role in daily routines, brands are eager to engage with influencers who can connect them with their target audiences. By sharing industry insights, best practices, and success stories, you could build a vast, engaged audience and position yourself as a thought leader. This could not only boost your primary consulting business but also provide substantial additional revenue streams through brand collaborations and paid endorsements.
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.
5. Create an online course ($82.8K/month)
By starting an online course, you could supplement your income as a Digital Transformation Consultant by leveraging your in-depth expertise to fill educational gaps in the field. Whether you opt for self-paced or cohort-based structures, you could attract a dedicated student base eager to learn about digital strategies, thereby providing a steady stream of passive income.
With minimal startup costs, developing engaging video lessons and supplementary materials could turn your instructional talents into a lucrative business. This entrepreneurial venture allows you to serve lifelong learners seeking convenient access to emerging subjects, helping you move closer to the six-figure mark while sharing valuable knowledge.
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.
6. Start a social media marketing agency ($386K/month)
Starting a social media marketing agency could significantly supplement your income as a Digital Transformation Consultant by allowing you to leverage your existing skills in digital strategy and technology implementation. By developing efficient social media marketing strategies and automating tasks using advanced tools, you could manage client accounts without overwhelming your schedule.
Creating a strong agency portfolio will help you attract diverse clients, from small businesses looking for growth to established companies aiming to enhance their online presence. This side business model not only clears utility bills or finances education but can potentially evolve into a primary income source, setting you on the path to making six figures.
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.
7. Start a freelance writing business ($62.6K/month)
Starting a freelance writing business could be an excellent way for you, as a Digital Transformation Consultant, to supplement your income and edge closer to making six figures. With your expertise, you could write authoritative articles, reports, and white papers on digital transformation topics, thereby establishing yourself as a thought leader in your field.
Freelance writing offers flexibility, allowing you to manage your own schedule and work from any location. Given your strong writing skills and industry knowledge, you could attract high-paying clients who value expert insights. Engaging in freelance writing also keeps you updated with the latest trends and tools, which can be beneficial for your primary consulting career as well.
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.
8. Start a youtube channel ($146K/month)
Starting a YouTube channel could be a lucrative way for Digital Transformation Consultants to supplement their income and potentially reach six figures. By sharing your expertise through videos on digital transformation trends, best practices, and case studies, you could attract a wide audience, establish yourself as a thought leader, and tap into YouTube’s established monetization system.
Once you join the YouTube Partner Program, which requires at least 1,000 subscribers and 4,000 watch hours in the previous 12 months, ad revenue, sponsorships, and additional business opportunities could significantly boost your income. Furthermore, promoting your YouTube content through other social media platforms could help you grow your subscriber base faster and create a robust revenue stream.
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.
9. Digital products ($242K/month)
As a Digital Transformation Consultant, you could supplement your income and even build a lucrative side business by selling digital products. Digital products are highly popular and easy to create, whether it's software-based like an app, information-based like an ebook or course, or something innovative like a membership site.
You could leverage your expertise to develop these products and market them to your existing client base, or to a broader audience seeking digital transformation insights. With no need to manage physical inventory, selling digital products can seamlessly fit into your schedule, allowing you to focus on consulting while generating passive income.
The flexibility and scalability of digital products mean your side business has endless possibilities and the potential to significantly boost your earnings in 2024 and beyond.
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.
10. Become an affiliate marketer ($55.3K/month)
Leveraging your expertise as a Digital Transformation Consultant, you could significantly boost your income by starting an affiliate marketing business. By promoting products and services that align with digital transformation, such as software tools, cloud services, or online training programs, you could earn commission for each sale made through your referrals. This low-cost business venture allows you to harness your marketing acumen and industry knowledge without the need to create or own any products yourself.
To get started, you could sign up for affiliate programs offered by companies in your niche and use your unique tracking links to earn commissions on successful referrals. This business model requires minimal upfront investment, making it a financially accessible option for consultants looking to diversify their revenue streams. If you strategically target high-demand digital solutions, you could quickly find that this side business not only supplements your income but has the potential to become a lucrative six-figure endeavor.
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.
11. Start an ecommerce store ($287K/month)
As a Digital Transformation Consultant, starting an eCommerce store could be a lucrative way to supplement your income and potentially reach a six-figure salary. Given the booming nature of eCommerce, which benefits from lower overhead costs and increased reach compared to traditional brick-and-mortar businesses, you could capitalize on this trend by leveraging your existing skills in digital solutions.
By establishing an online store, you could create a scalable business that runs efficiently with streamlined inventory management and payment processing. This venture could be managed alongside your consulting career and allow you to tap into a global market, offering the potential for significant revenue growth. Additionally, your expertise in digital transformation could give you a competitive edge in optimizing your eCommerce operations for maximum profitability.
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.
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.
