How to Make 6 Figures As A Lawyer? (11 Best Ways in 2024)
So you want to make six figures as a Lawyer? Good for you! Being a Lawyer 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 Lawyer - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start a social media marketing agency ($386K/month)
Starting a social media marketing agency could provide you with substantial supplemental income, ultimately helping you achieve a six-figure salary as a lawyer. The beauty of this side business is the flexibility it offers; you could automate many tasks using social media marketing tools, thereby not needing to commit extensive time while still managing to clear your utility bills, finance education, or save for a vacation.
By developing a robust social media marketing strategy and creating a compelling agency portfolio, you could effectively serve a diverse range of clients. This entrepreneurial endeavor enables you to market your services efficiently, opening up numerous opportunities for significant financial gains without heavily infringing upon your primary legal career.
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.
2. Create an online course ($82.8K/month)
Supplement your income as a lawyer and explore the potential to make six figures by launching an online course. With your expertise in specialized legal areas, you could identify educational gaps and develop engaging video lessons and supplementary materials that cater to both novice and experienced learners.
Consider creating self-paced or cohort-based courses, providing flexibility for your students and a steady stream of passive income for yourself. This entrepreneurial venture not only allows you to share valuable knowledge but also monetizes your instructional talents, all with relatively low startup costs and the ability to reach a global audience of eager, lifelong learners.
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.
3. Start a career coaching business ($48.5K/month)
Starting a career coaching business could significantly boost your income as a lawyer. By offering personalized guidance and support to clients navigating professional transitions and growth opportunities, you could leverage your expertise in human resources and your motivational talents. You could design custom sessions focusing on resume building, interview preparation, and workplace advancements, which allows you to tap into a unique market niche.
Moreover, with flexibility for in-person or virtual meetings, you could build a client base on your terms, empowering breakthroughs through specialized advice and accountability. This entrepreneurial venture could not only supplement your income but also provide you with the chance to set your own schedule, making it easier to balance with your legal practice. Launching a coaching practice could thus be a highly rewarding way to reach six-figure earnings while helping others achieve their career goals.
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. Start a freelance writing business ($62.6K/month)
Starting a freelance writing business could be an excellent way to supplement your income as a lawyer while offering you the flexibility to define your work schedule. You could write from the comfort of your home, taking on projects that fit seamlessly with your existing commitments. This independence allows you to utilize your strong writing skills and authoritative voice to meet deadlines and deliver high-quality content across various niches.
Moreover, given your background in law, you could carve out a niche in legal writing, creating content for law firms, legal blogs, or academic publications. This could not only bring in additional revenue but also bolster your professional reputation. Embracing cutting-edge writing tools and trends, along with your self-starting nature and strong communication skills, could position you to excel in the freelance writing world and make strides toward earning six figures.
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.
5. Start a podcast ($97.9K/month)
Starting a podcast could significantly supplement your income as a lawyer and even help you reach six figures. By creating engaging and insightful audio content focused on legal advice, current legal issues, or other niche topics you're passionate about, you could attract a broad audience. This following could, in turn, open doors to sponsorships and advertising opportunities, providing a steady revenue stream.
Moreover, a podcast can position you as an authority in your field, potentially attracting new clients to your legal practice. As your audience grows, you might explore additional monetization strategies such as offering premium content, consulting services, or online courses. This entrepreneurial approach not only increases your financial earnings but also expands your professional influence and reach.
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)
Supplementing your income as a lawyer through blogging offers you the potential to reach a vast and engaged audience. With over 77% of internet users reading blogs and blogs being rated as the 5th most trustworthy source for gathering online information, you could leverage your legal expertise to attract readers who seek credible and insightful legal advice. Moreover, the flexibility of blogging allows you to work from anywhere and at any time, making it a convenient side hustle alongside your legal career.
By creating engaging and informative content, you could establish yourself as a thought leader in your niche, which can lead to additional revenue streams through advertisements, sponsored posts, and affiliate marketing. Starting a blog tailored to legal topics not only positions you as an expert in your field, but it also provides an opportunity to build a mailing list, keeping your audience engaged and increasing your potential for generating sustainable, passive 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.
7. Digital products ($242K/month)
As a lawyer looking to make six figures, venturing into digital products could open up lucrative opportunities. You could leverage your legal expertise to create and sell eBooks, online courses, or subscription-based legal consulting. This not only offers a passive income stream but also establishes you as an authoritative figure in your niche, thereby attracting more clients.
Digital products are top-rated for their ease of creation and distribution. With low overhead costs, you could easily develop and market these products directly from your website. This kind of venture allows you to craft a business without the hassle of inventory management, making it a compelling option for entrepreneurial-minded lawyers.
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.
8. Start a youtube channel ($146K/month)
Starting a YouTube channel could offer a unique and profitable avenue to supplement your income as a lawyer. You could create content that demystifies common legal issues, offers tips for navigating the legal system, or discusses contemporary legal topics, attracting a dedicated audience. With YouTube's established monetization system, achieving 1,000 subscribers and 4,000 watch hours can unlock revenue-generating opportunities like ad placements, sponsorships, and even premium content subscriptions.
Additionally, a YouTube channel could enhance your professional reputation and expand your client base. By consistently delivering valuable and insightful content, you position yourself as an expert in your field, which could lead to more high-paying clients and increased consultation fees. If you love content creation, leveraging YouTube’s popularity could be a rewarding and lucrative side business that complements your legal career.
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. Start an ecommerce store ($287K/month)
Another practical way to supplement your income and potentially make six figures as a lawyer is by starting an eCommerce store. With the booming eCommerce market, you could leverage your legal expertise to sell specialized legal products, services, or even niche goods that interest you.
One of the major advantages of an eCommerce business is its lower overhead costs compared to traditional brick-and-mortar stores, allowing you to maximize your profit margins. Additionally, the increased flexibility and broader reach of an online platform mean you could attract clients from a wider geographical area without the constraints of a physical location. Setting up an eCommerce store requires setting up a website, choosing appropriate shopping cart software, and integrating payment processing and inventory management tools, but the potential rewards make it a compelling avenue for entrepreneurial lawyers.
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.
10. Become an affiliate marketer ($55.3K/month)
As a lawyer, you could leverage your expertise and trusted reputation to excel as an affiliate marketer, supplementing your income. By promoting products and services relevant to your niche, such as legal software or professional development courses, you could earn a commission on every sale made through your referrals. This approach not only capitalizes on your existing network but also enhances your credibility by recommending valuable resources.
One of the key advantages is that starting an affiliate marketing business requires minimal upfront investment, making it an accessible and low-risk option. You could use your marketing skills to drive traffic and sales, all while maintaining your primary practice. Given the low cost and high potential for additional income, affiliate marketing could be a viable strategy to reach the six-figure mark in your legal 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. Become a social media influencer ($57.4K/month)
Starting a social media influencer career could significantly supplement your income as a lawyer and propel you toward six-figure earnings. Social media platforms like Instagram, YouTube, and TikTok present unique opportunities to build a following by sharing legal insights, tips, and experiences. As you establish credibility in the legal niche, brands may reach out for collaborations, providing additional revenue streams through sponsored content and partnerships.
Moreover, engaging with a broad audience allows you to widen your client base, potentially attracting high-value clients who respect your expertise and online presence. With the right strategy and consistent, relevant content, your social media influence could grow substantially, opening doors to lucrative speaking gigs, consultation opportunities, and even product endorsements. This dual approach not only diversifies your income but also solidifies your reputation as a thought leader in the legal field.
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.
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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.
