How to Make 6 Figures As A It Vendor Manager? (11 Best Ways in 2024)
So you want to make six figures as a IT vendor manager? Good for you! Being a IT vendor 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 vendor manager - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start a blog ($44.9K/month)
Starting a blog could significantly supplement your income as an IT vendor manager by tapping into the vast audience interested in tech insights. With 77% of internet users reading blogs and approximately 409 million people viewing over 20 billion pages each month, your expertise could attract a wide readership. Given that blogs are rated as the 5th most trustworthy source of gathering information online, sharing your industry knowledge could establish you as an authoritative voice in IT vendor management.
By maintaining a regular posting schedule and engaging your readers through a mailing list, you could build a loyal audience and monetize your blog through advertising, sponsored posts, or even offering consulting services. This creative and location-independent endeavor could not only provide you with a significant supplementary income but also potentially grow into a full-time business, paving the way to achieving a six-figure income.
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.
2. Start a career coaching business ($48.5K/month)
Starting a career coaching business could be a lucrative way to supplement your income and help you reach six figures as an IT vendor manager. By leveraging your extensive knowledge and experience in vendor management, you could offer personalized guidance to clients navigating their professional journeys. You could design custom sessions to help with everything from resume building to interview preparation, tailored to each client’s unique goals.
With the flexibility to conduct these sessions either in-person or virtually, you could build a diverse client base and make a significant impact on their careers. Additionally, your expertise in human resources and natural motivational skills could be fully utilized, allowing you to earn extra income while setting your own schedule. This entrepreneurial venture could not only provide financial benefits but also the satisfaction of helping others achieve their professional aspirations.
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.
3. Create an online course ($82.8K/month)
One lucrative possibility to supplement your income as an IT Vendor Manager is to develop an online course centered around your industry expertise. By creating and selling digital classes on vendor management best practices, software tools, or market trends, you could identify educational gaps and provide essential knowledge to other professionals in your field.
Through engaging video lessons and supplementary materials, you would be able to offer self-paced or cohort-based learning experiences to a broad audience. This approach not only generates passive income but also allows you to share your skills and insights with eager lifelong learners. With minimal startup costs and the potential for high returns, an online course business offers a tangible path to reaching six figures.
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. Digital products ($242K/month)
Starting a digital product business could be a lucrative way to supplement your income as an IT vendor manager. With your industry knowledge, you could create valuable digital products such as software tools, apps, or even online courses aimed at helping other IT professionals optimize vendor relationships.
Digital products are not only easy to create and distribute, but they also require minimal overhead costs, allowing you to sell them directly from your website without the hassle of managing physical inventory. The scalability and ongoing revenue potential from digital products could help you reach your goal of making six figures in 2024. Whether it's a membership site, an informative ebook, or a specialized software solution, the possibilities are endless for entrepreneurial-minded IT vendor managers.
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. Start a podcast ($97.9K/month)
Starting a podcast could offer IT vendor managers the opportunity to greatly supplement their income by creating and producing valuable content for their audience. By choosing a niche that aligns with IT vendor management, you could share industry insights, best practices, and expert interviews, thus drawing in a dedicated listener base. This not only adds another layer of authority to your professional profile but also creates multiple revenue streams through sponsorships, advertising, and possibly, premium content.
With minimal initial investment in equipment and hosting, and leveraging social media for promotion, the podcasting venture could quickly become profitable. As your audience grows, so does the potential to attract high-paying sponsors who are keen to reach your specialized audience, inching you closer to making six figures. Creating relevant and consistent content increases your chances of building a successful side business, one that complements your main career and diversifies your income sources effectively.
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 youtube channel ($146K/month)
As an IT vendor manager, starting a YouTube channel could be an innovative way to supplement your income and potentially make six figures. By creating content that leverages your professional expertise, such as tech reviews, vendor management tips, or industry insights, you could tap into a global audience eager for knowledgeable guidance. Given YouTube's established monetization system and popularity, achieving the milestones for the YouTube Partner Program—1,000 subscribers and 4,000 watch hours—could unlock significant revenue streams through ads, sponsorships, and affiliate marketing.
Furthermore, sharing case studies, interviews, and how-to guides can position you as a thought leader in your field, attracting viewers who value your unique perspectives and advice. Over time, your channel could diversify into offering paid consulting, online courses, and exclusive memberships, contributing to a substantial income boost. With determination and a strategic approach, your YouTube channel could become both a passion project and a lucrative side business, aligning perfectly with your entrepreneurial goals.
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.
7. Become a social media influencer ($57.4K/month)
Transitioning into a social media influencer role could significantly supplement your income as an IT vendor manager. With your industry expertise, you could create content around IT vendor management, share insightful tips, conduct product reviews, and even discuss the latest industry trends. This would not only establish your credibility but also attract a targeted audience interested in your expertise.
Brands in the tech field are continuously seeking influencers who can effectively engage their customer base. By building a strong online presence on platforms like LinkedIn, YouTube, or TikTok, you could attract sponsorship deals, partnerships, and advertisement revenues. This side hustle, leveraging your current professional knowledge, could potentially become a substantial income stream, aiding you in reaching your goal of making six figures.
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.
8. Become an affiliate marketer ($55.3K/month)
As an IT vendor manager, branching out as an affiliate marketer could open up new revenue streams for you, allowing you to supplement your income and work towards a six-figure salary more efficiently. By leveraging your industry knowledge and established network, you could select affiliate programs that align with your professional interests and expertise, promoting products and services relevant to your domain.
This side venture has minimal upfront costs since you won’t need to create or own any products yourself, enabling you to focus your efforts on marketing and driving traffic. With a consistent and strategic approach, your affiliate marketing efforts could significantly boost your earnings, allowing you to combine your primary career with a profitable side business.
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.
9. Start a social media marketing agency ($386K/month)
Starting a social media marketing agency could be an effective way for IT vendor managers to supplement their income and make strides toward six figures. With the flexibility to automate using social media marketing tools, you could efficiently manage your agency alongside your day job, minimizing the time commitment required. By developing a robust social media marketing strategy, you could serve a diverse range of clients, allowing you to clear utility bills, finance education, or save for vacations.
Moreover, creating a solid agency portfolio could help you attract target customers, showcasing your expertise and the value you offer. This side business could provide not only additional financial security but also a creative outlet that diversifies your professional experience, making you even more valuable in your primary career. Embracing entrepreneurial opportunities in the digital space could be your ticket to achieving your financial goals in 2024.
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. Start a freelance writing business ($62.6K/month)
Starting a freelance writing business could significantly boost your income as an IT vendor manager by leveraging your industry expertise in creating valuable content. By writing about technology, vendor management best practices, and industry trends, you could attract a broad client base, including tech blogs, industry publications, and corporate websites. This dual income stream could rapidly add to your primary earnings, setting you on a course to making six figures.
Freelance writing offers the flexibility to work around your full-time schedule, giving you control over your workload and deadlines. With strong writing skills and up-to-date knowledge of the latest tools and trends, you can ensure high-quality output that meets client expectations. The entrepreneurial nature of freelancing also fuels your capacity to stay on the cutting edge and tap into new opportunities, amplifying both your skillset and financial potential.
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.
11. Start an ecommerce store ($287K/month)
Starting an ecommerce store could be a lucrative side business or even a primary income stream for an entrepreneurial IT vendor manager. With the current boom in online shopping, you could leverage your technical skills to create and manage a smooth, efficient online shopping experience, reaching a wider audience without the high overhead costs associated with brick-and-mortar stores.
Your background in IT could give you a significant edge, as you'll be adept at setting up and maintaining the necessary infrastructure, such as websites, payment systems, and inventory management software. By offering unique products or targeting niche markets, you could supplement your income significantly and potentially reach a six-figure revenue within a comparatively short period.
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.
