How to Make 6 Figures As A It Asset Manager? (11 Best Ways in 2024)
So you want to make six figures as a IT asset manager? Good for you! Being a IT asset manager 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 IT asset manager - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start an ecommerce store ($287K/month)
As an IT asset manager, you could leverage your organizational and technical skills to start an eCommerce store, significantly boosting your income potential. By establishing an online business, you tap into a marketplace that offers lower overhead costs and the ability to reach a global audience, all from the comfort of your home. This would enable you to supplement your current income while exploring entrepreneurial opportunities.
The eCommerce market is booming due to its convenience and efficiency, presenting a lucrative platform for selling products or services online. You could easily set up a website with payment processing software, allowing customers to browse and purchase items seamlessly. By choosing the right shopping cart and inventory tracking software, you could run your online business efficiently, potentially leading you towards a six-figure income.
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.
2. Start a podcast ($97.9K/month)
Starting a podcast could supplement your income and help you move towards making six figures as an IT asset manager by allowing you to share your expertise with a broad audience. By choosing a niche topic within the IT asset management field, you could attract listeners who are interested in industry insights, tips, and best practices. As you build a loyal audience, you could monetize the podcast through sponsorships, advertisements, and potentially selling premium content.
Additionally, a successful podcast could bolster your professional reputation and open doors to speaking engagements, consulting opportunities, and collaborations that further enhance your income. Don't underestimate the power of networking through podcasting; the connections you could make might lead to lucrative projects and partnerships. With a relatively low startup cost, the potential return on investment for this side business could be substantial, ultimately contributing to your goal of reaching six figures.
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.
3. Create an online course ($82.8K/month)
If you're aiming to make six figures as an IT asset manager, starting an online course could open new income streams. By creating and selling digital classes on specialized IT asset management skills, you could tap into educational gaps and monetize your expertise.
With engaging video lessons and supplementary materials, you could provide valuable insights for lifelong learners eager to master complex topics. Flexibility around self-paced or cohort-based structures allows you to build a student base and generate passive income, leveraging minimal startup costs.
For those who enjoy information-sharing, launching an online course platform offers a lucrative way to turn your instructional talents into a profitable side business, supplementing your primary career earnings.
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.
4. Start a blog ($44.9K/month)
Starting a blog could significantly supplement your income as an IT asset manager, offering a flexible and creative outlet to share your industry expertise. By focusing on niche IT asset management topics, you could attract a dedicated readership, taking advantage of the fact that 77% of internet users read blogs and 409 million people view over 20 billion pages each month.
With consistent posting and a solid content strategy, your blog could become a trusted source of information—capitalizing on the high trust rate of blogs as the 5th most reliable source for online information. Over time, monetizing through ads, sponsorships, or even paid consultancy services could pave the way to earn six figures, either as a supplement to your current role or as a lucrative full-time career.
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.
5. Become a social media influencer ($57.4K/month)
As an IT asset manager, you could leverage your specialized knowledge by becoming a social media influencer in the tech industry. By sharing insights, tips, and best practices related to IT asset management on platforms such as YouTube, LinkedIn, or Twitter, you could attract a large following of like-minded professionals. This audience could lead to monetization opportunities through sponsored posts, brand partnerships, and affiliate marketing.
Additionally, creating engaging and informative content could establish you as a thought leader in your field, opening doors to speaking engagements, consulting gigs, and even online courses. These supplementary income streams could collectively help you achieve a six-figure income. By strategically positioning yourself on social media, you could significantly boost your earning potential while expanding your professional network.
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.
6. Become an affiliate marketer ($55.3K/month)
Supplement Your Income as an Affiliate Marketer
As an IT asset manager with an entrepreneurial mindset, you could significantly boost your income by venturing into affiliate marketing. By promoting products or services related to IT management and technology, you could leverage your industry knowledge and network to drive sales and earn commissions. This approach offers a low-cost entry into a secondary income stream without needing to create or own products yourself.
Starting an affiliate marketing business requires minimal upfront investment, making it an accessible side business while you continue your primary career. Signing up for affiliate programs in your chosen niche will provide you with unique tracking links to promote and earn commissions from successful referrals. This could be a practical and efficient way to move closer to a six-figure income, supplementing your salary as an IT asset manager.
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.
7. Start a youtube channel ($146K/month)
Starting a YouTube channel could be a lucrative side business for an IT asset manager, allowing you to supplement your income and potentially reach six figures. By sharing your expertise through tutorials, industry insights, and best practices, you could attract subscribers and viewers interested in IT asset management. Leveraging YouTube's established monetization system and meeting the criteria of 1,000 subscribers and 4,000 watch hours within 12 months could open up revenue through ad placements, sponsorships, and affiliate marketing.
Additionally, creating a successful YouTube channel could position you as a thought leader in your field, leading to new opportunities such as consulting gigs, speaking engagements, and collaborations. With consistent content creation and strategic promotion, you could build a successful YouTube channel, turning your passion for content creation and IT asset management into a significant income 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.
8. Digital products ($242K/month)
As an IT asset manager looking to make six figures, exploring digital products could significantly boost your income. Digital products are top-rated, easy to create, and offer a high-profit margin as there's no physical inventory involved. Given your IT background, you could develop software-based products such as apps or information-based products like eBooks and online courses that share your expertise.
Creating digital products allows you to leverage your skills and knowledge, potentially reaching a global audience. This scalability means you could build a thriving side business or even transition fully into this entrepreneurial venture. From membership sites to niche communities, the possibilities are endless, making digital products a lucrative avenue for substantial income growth.
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.
9. Start a freelance writing business ($62.6K/month)
Starting a freelance writing business could significantly supplement your income and help you achieve the six-figure mark as an IT asset manager. Freelancing offers flexibility, allowing you to define your own work schedule and take on writing assignments from the comfort of your home. By leveraging your industry knowledge, you could write specialized content, such as technical guides or industry trend analyses, which are in high demand and often command higher pay.
Freelancing in this niche requires strong writing skills, the ability to meet deadlines, and staying updated with current writing tools and trends. As a self-starter with proper communication skills, you could attract clients who need in-depth, well-researched content in IT asset management and related fields. This venture could diversify your income stream and help you build a robust financial base.
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.
10. Start a career coaching business ($48.5K/month)
Starting a career coaching business could significantly supplement your income as an IT asset manager by allowing you to monetize your expertise and experience in the industry. By offering personalized guidance, support, and strategy services, you could help clients navigate professional transitions, develop growth opportunities, and achieve their workplace advancement goals.
Tailoring each session to assist with resume building, interview prep, and career planning, you have the flexibility to conduct meetings virtually or in-person, enabling you to build a wide-ranging client base. This venture not only capitalizes on your IT knowledge and managerial skills but also leverages your motivational abilities, potentially increasing your earnings to six figures while offering the satisfaction of empowering others.
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.
11. Start a social media marketing agency ($386K/month)
Starting a social media marketing agency could be a lucrative way for an IT asset manager to supplement their income and potentially make six figures. Whether you want to clear your utility bills, finance your college education, or save for a vacation, this side venture offers significant financial possibilities. You could leverage your existing IT knowledge and analytical skills to develop effective social media strategies and automate tasks using marketing tools, making the most out of your limited time.
By creating a strong agency portfolio, you could attract and serve a wide range of clients efficiently. This initiative not only diversifies your income streams but also enhances your entrepreneurial mindset. With a focused strategy and dedication, turning your social media marketing agency into a profitable business is within reach.
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.
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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.
