How to Make 6 Figures As A Health Informatics Specialist? (11 Best Ways in 2024)
So you want to make six figures as a health informatics specialist? Good for you! Being a health informatics specialist 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 health informatics specialist - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start a freelance writing business ($62.6K/month)
Supplementing your income as a health informatics specialist by starting a freelance writing business could be a lucrative and flexible way to reach six figures. By leveraging your industry-specific knowledge and strong writing skills, you could position yourself as an expert in health informatics, contributing insightful articles, reports, and whitepapers to industry publications and healthcare blogs.
Freelance writing allows you the flexibility to work from home and create your own schedule, making it an ideal side business. With the ability to meet deadlines, stay updated on writing tools, and effectively communicate complex information, you could attract a steady stream of clients, ensuring a robust additional income stream.
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.
2. Start a youtube channel ($146K/month)
Starting a YouTube channel could present a tremendous opportunity to make six figures as a health informatics specialist. By creating content that demystifies complex health informatics topics, you could attract a significant audience eager to learn more about the field. This could include tutorials, career advice, and industry insights, which could establish you as an authority on the subject.
With dedication and strategic promotion, you could meet YouTube's monetization requirements—1,000 subscribers and 4,000 watch hours in the past 12 months—and tap into ad revenue, sponsorships, and even affiliate marketing. Coupling your expertise with consistent, high-quality content could not only supplement your income but also potentially grow into a lucrative side business, further solidifying your path to a six-figure income.
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.
3. Digital products ($242K/month)
As a health informatics specialist, you could significantly boost your income by creating and selling digital products. For example, you could develop an ebook or an online course focused on best practices in health informatics, targeting both professionals in the field and organizations looking to upskill their workforce.
Digital products, such as specialized software or apps designed to streamline medical data management, could also be lucrative. The beauty of digital products lies in their low overhead costs—no inventory to manage or ship, just a straightforward process of creation and distribution.
Whether it's a membership site offering exclusive content or a thriving online community where you share your expertise, the possibilities are endless. Venturing into digital products could be the pivotal move that helps you achieve six-figure earnings while sharing your knowledge and passion for health informatics.
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.
4. Start an ecommerce store ($287K/month)
Starting an ecommerce store could provide health informatics specialists with an additional income stream, potentially helping you reach the six-figure mark. With your unique expertise in health informatics, you could target niche markets by offering products or services related to health technology, data analytics tools, or even health-related educational resources.
Thanks to the booming ecommerce market, you could capitalize on the convenience and efficiency it offers to consumers. Setting up an online store involves establishing a website for customers to browse your inventory, choosing a shopping cart software, and incorporating payment processing for easy transactions. This flexibility and reach of ecommerce mean that, while maintaining low overhead costs, you could engage a global audience, leveraging your specialized knowledge to build a profitable side business.
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.
5. Start a podcast ($97.9K/month)
Starting a podcast could provide a lucrative supplementary income stream for health informatics specialists by allowing you to share your unique insights and expertise with a broader audience. By selecting a niche topic within the health informatics field, you could attract listeners who are eager to learn about current trends, best practices, and technological advancements.
Once you’ve built a loyal audience, you could monetize your podcast through sponsorships, ads, and premium content. With relatively low startup costs, such as basic recording equipment and an affordable hosting platform, your initial investment would be minimal. Promoting your podcast through social media and online communities could help you reach a wider audience, making it possible to generate substantial additional income, thereby inching you closer to the six-figure mark.
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.
6. Start a blog ($44.9K/month)
Starting a blog could be a highly effective way to make six figures as a health informatics specialist. By sharing your expertise, insights, and industry trends, you could position yourself as a thought leader in the field, attracting a loyal readership and creating trust. Given that 77% of internet users read blogs and blogs are rated as the 5th most trustworthy source of information, your blog could quickly become a go-to resource for others in the industry.
Moreover, a well-maintained blog could open up multiple revenue streams, such as affiliate marketing, sponsored posts, and selling digital products or consulting services. You could even consider turning your blog into a full-time business, leveraging the 409 million people who view more than 20 billion pages each month. By consistently providing valuable content and engaging with your audience, your blog could become a significant supplementary income or even your primary source of revenue.
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.
7. Start a career coaching business ($48.5K/month)
Starting a career coaching business could significantly supplement your income as a health informatics specialist. By leveraging your industry expertise and insights, you could offer personalized guidance, support, and strategies to clients navigating professional transitions and growth opportunities within the healthcare sector. This allows you to monetize your knowledge and experience while helping others achieve their career aspirations.
You could design custom sessions that focus on resume building, interview preparation, and workplace advancement tailored to each client's unique goals. Additionally, the flexibility for in-person or virtual meetings means you can build a diverse client base and set your own schedule. With your speaking talents and any human resources experience, launching a coaching practice could empower you to provide specialized advice and accountability, ultimately helping you achieve six-figure earnings.
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.
8. Become a social media influencer ($57.4K/month)
As a health informatics specialist, you could leverage your expertise and passion for the field by becoming a social media influencer. By sharing insightful content on platforms like Instagram, YouTube, Facebook, or TikTok, you could build credibility and a substantial follower base within the healthcare and informatics communities. This credibility can attract partnerships and sponsorships from brands eager to connect with your knowledgeable and engaged audience.
Creating content such as tutorials, industry updates, and best practices in health informatics could position you as an authoritative voice in the field. This not only enhances your professional profile but also opens up additional revenue streams through sponsored posts, affiliate marketing, and even selling your own digital products or consulting services. With the right strategy, your influence could easily help you reach a six-figure income.
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.
9. Start a social media marketing agency ($386K/month)
Starting a social media marketing agency could be an excellent way to supplement your income and potentially make six figures as a health informatics specialist. By leveraging your expertise in health informatics, you could create a niche agency that focuses on marketing for healthcare organizations, tools, and products, making your services highly valuable to a specific market. This specialization could set you apart from general social media marketers and allows you to command higher rates.
You could use social media marketing tools to automate and streamline your business, minimizing the time commitment and allowing you to balance it with your primary job. Moreover, by building a strong agency portfolio, you could effectively market your services to potential clients, expanding your customer base and boosting your income. Whether you're looking to clear your utility bills, finance your college education, or save for a vacation, this side business could provide a lucrative revenue stream.
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.
10. Become an affiliate marketer ($55.3K/month)
As a health informatics specialist, starting an affiliate marketing business could be a lucrative way to supplement your income and move towards earning six figures. By leveraging your expertise in health and technology, you could promote health-related products, educational courses, or even specialized software solutions that align with your field.
Affiliate marketing is a low-cost business model since you do not need to create or own the products yourself. By signing up for affiliate programs and using your marketing skills to drive traffic and sales, you could earn commission on each successful referral. This entrepreneurial venture requires minimal upfront investment and offers the flexibility to manage alongside your primary career.
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. Create an online course ($82.8K/month)
Creating and selling an online course could help you make six figures as a health informatics specialist by leveraging your expertise to fill educational gaps in your field. As an entrepreneurial course creator, you could develop engaging video lessons and supplementary materials on specialized topics such as data management, healthcare analytics, or electronic health record systems.
By launching an online course platform, you could cater to lifelong learners and professionals seeking convenient access to emerging subjects in health informatics. This approach not only allows you to share valuable knowledge but also provides significant passive income potential with minimal startup costs. For those who enjoy information-sharing, this could be a lucrative way to monetize your instructional talents while building a robust student base.
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.
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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.
