How to Make 6 Figures As A It Procurement Specialist? (11 Best Ways in 2024)
So you want to make six figures as a IT procurement specialist? Good for you! Being a IT procurement 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 IT procurement specialist - business ideas you can start to achieve such income. Keep reading to learn more!
1. Become a social media influencer ($57.4K/month)
As an IT procurement specialist, leveraging your industry expertise to become a social media influencer could substantially boost your income. By sharing insights, tips, and reviews related to IT procurement on platforms like LinkedIn, YouTube, or TikTok, you could attract a following of professionals who value your knowledge and trust your recommendations. Brands aiming to tap into this niche market would be keen to sponsor your content, providing you with a lucrative revenue stream.
Additionally, your unique position in the IT procurement field allows you to create a niche that not many influencers occupy, giving you a competitive edge. Over time, you could build collaborations with industry leaders, offer consultancy services, or even launch your own online courses, propelling you towards that six-figure income mark.
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 ($65.5K/month)
As an IT procurement specialist, starting a freelance writing business could be a lucrative way to supplement your income and move closer to earning six figures. Leveraging your industry expertise, you could write detailed articles, guides, or case studies focused on IT procurement, supply chain management, or emerging technologies. As freelance writing offers flexible work hours and the freedom to work from home, you could easily balance this side gig with your full-time job.
To succeed in this venture, you'll need strong writing skills, the ability to meet deadlines, and a self-starter attitude. Staying current with writing tools and trends while ensuring effective communication with clients will help you secure higher-paying assignments. This entrepreneurial endeavor not only boosts your income but also expands your professional network, bringing additional opportunities within and outside your primary field.
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 an ecommerce store ($287K/month)
Starting an eCommerce store could be a highly rewarding way for you to supplement your income and potentially reach six figures as an IT procurement specialist. By leveraging your expertise in technology and procurement, you could create an online store that sells niche technology products or office supplies, attracting a wide audience with lower overhead costs compared to traditional businesses.
An eCommerce business offers the flexibility to manage it alongside your full-time job, allowing you to expand your reach and capture more market share. With the growing consumer preference for online shopping due to its convenience and efficiency, your store could benefit from increased demand and a broader customer base, helping you achieve substantial revenue.
Through strategic use of inventory and payment processing software, you could efficiently handle operations, making the experience seamless for both you and your customers. This side business could grow steadily and potentially become a significant source of additional income, pushing your overall earnings into the six-figure range.
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.
4. Digital products ($261K/month)
Starting a digital products business could be a lucrative way to supplement your income as an IT procurement specialist and potentially make six figures. Embracing your expertise, you could create software tools, such as apps or analytics platforms, that cater to specific needs in procurement and supply chain management. Alternatively, you might find success by creating information-based products like ebooks or online courses that offer expert insights into IT procurement strategies and best practices.
Digital products are highly popular due to their ease of creation and distribution. You don’t need to stock inventory or manage physical goods, as digital products can be sold directly from your website. This business model is scalable and flexible, allowing you to grow your income stream while managing your existing 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.
5. Become an affiliate marketer ($55.3K/month)
As an IT procurement specialist, you could explore the lucrative world of affiliate marketing to supplement your income and pave the way to six-figure earnings. By promoting products and services related to your field, such as procurement software or IT solutions, you could earn commissions for every sale made through your referrals. This venture requires minimal upfront investment since you do not need to create or own the products yourself.
You could sign up for affiliate programs offered by companies that align with your professional expertise and interests. After being approved, you would use your marketing skills to drive traffic and sales through unique tracking links provided by these companies, earning a commission for each successful referral. This approach leverages your existing knowledge and network, allowing you to build a profitable side business with low overhead costs.
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.
6. Start a podcast ($97.9K/month)
Starting a podcast could be an excellent way for an IT procurement specialist to supplement their income and edge closer to making six figures. By focusing on a niche topic within IT procurement that you're passionate about, you could create a platform for sharing industry insights, trends, and best practices. This not only enhances your personal brand but also attracts a dedicated audience of like-minded professionals who value your expertise.
With a growing audience, you could attract sponsors and advertisers looking to target your specific listener demographic, generating additional revenue streams. Beyond advertising, you could explore monetizing your podcast through premium content, exclusive interviews, or online workshops. Leveraging your podcast to network and establish yourself as a thought leader in the industry opens doors for consulting opportunities and higher-paying roles within your field.
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)
Creating a YouTube channel focused on IT procurement can be a lucrative way to supplement your income and potentially help you reach a six-figure salary. By sharing your expertise, offering insights, and providing tutorials on best practices, you could attract a substantial following. This audience could range from fellow professionals and businesses to anyone interested in IT procurement.
Once you reach YouTube's monetization threshold of 1,000 subscribers and 4,000 watch hours within the past 12 months, you could start earning from ad revenue. Additionally, you could leverage your channel for sponsored content, affiliate marketing, and even sell consulting services or digital products. This way, you’re not only expanding your professional reach but also diversifying your income streams.
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. Create an online course ($91.9K/month)
Starting an online course could serve as a lucrative side business or even a primary source of income for an IT procurement specialist. By identifying educational gaps surrounding your expertise and developing engaging video lessons, you could attract a wide range of students eager to learn. This approach not only supplements your primary income but also provides the flexibility to earn passive income with relatively small startup costs.
Additionally, by offering both self-paced and cohort-based structures, you could cater to various learning preferences, maximizing your reach and impact. Launching an online course presents an opportunity to monetize your instructional talents while fulfilling the increasing demand for specialized knowledge in the IT procurement field.
How much you can make: $350 — $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.
9. Start a career coaching business ($48.5K/month)
Launching a career coaching business could be a lucrative way to supplement your income as an IT procurement specialist. By leveraging your industry expertise and offering personalized guidance, you could help clients navigate professional transitions, build strong resumes, and prepare for interviews, thereby creating additional revenue streams.
With the flexibility to conduct sessions either in-person or virtually, you could build a diverse client base while setting your own schedule. If you possess strong motivational skills and human resources expertise, this entrepreneurial venture could not only allow you to monetize your talents but also empower others to achieve their workplace advancement goals, bringing you closer to earning a six-figure income.
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.
10. Start a social media marketing agency ($116K/month)
As an IT procurement specialist, you could start a social media marketing agency to supplement your income and move closer to making six figures. Leveraging your existing skills, you could efficiently use social media marketing tools to automate tasks and minimize the time commitment required.
Developing a robust social media marketing strategy could help you serve clients more effectively, thereby attracting more business. Additionally, creating an agency portfolio to showcase your services could help you reach potential clients, allowing you to diversify your income streams and achieve your financial goals, whether it's clearing utility bills, financing education, or saving for a vacation.
How much you can make: $1,000 — $500,000/month
How much does it cost to start: $7,500 (?)
How long does it take to build: 60 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 serve as an excellent way for you to supplement your income and potentially make six figures as an IT procurement specialist. Given that blogs are rated as the 5th most trustworthy source of online information and attract 77% of internet users, there is a substantial audience waiting to consume high-quality content related to IT procurement strategies, vendor management, and industry trends. This could position you as an authority in your field, opening up opportunities for monetization through sponsored posts, affiliate marketing, and even paid consultancy.
Furthermore, a well-maintained blog can act as a creative outlet where you can work from any location and at any time, allowing you to balance it seamlessly with your existing job. Choose a niche within IT procurement that you’re passionate about, develop a robust content strategy, and create a mailing list to keep your readers engaged. By consistently delivering valuable insights and building a loyal audience, your blog has the potential to be a lucrative side business or even a full-time profession.
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.
