How to Make 6 Figures As A Nlp Engineer? (11 Best Ways in 2024)
So you want to make six figures as a NLP engineer? Good for you! Being a NLP engineer 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 NLP engineer - 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 be a highly effective way to supplement your income or even transition into a full-time business as an NLP engineer. Given that blogs rank as the 5th most trustworthy source of online information and 77% of internet users read blogs, your expertise and insights in NLP could attract a substantial and engaged audience.
You could focus your blog on detailed tutorials, industry innovations, project case studies, or practical applications of NLP, thereby establishing yourself as a thought leader in the field. By offering valuable and consistent content, you could monetize your blog through advertising, sponsored posts, online courses, or even consulting services, ultimately helping you reach the six-figure income mark.
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 podcast ($97.9K/month)
Starting a podcast could be a lucrative side business for an NLP engineer, as it allows you to leverage your expertise in the field to attract a dedicated audience. By creating content that dives deep into NLP topics, cutting-edge research, and practical applications, you could position yourself as a thought leader and valuable resource in the tech community.
Once you build a substantial audience, you could monetize your podcast through sponsorships, advertising, and premium content subscriptions. Additionally, the podcast could serve as a platform to promote your consultancy services, online courses, or exclusive workshops. This side endeavor might not only supplement your income but could also grow into a full-fledged business, helping you reach 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.
3. Start a career coaching business ($48.5K/month)
Starting a career coaching business could significantly supplement your income as an NLP engineer. By providing personalized guidance, support, and strategy services to clients looking to navigate professional transitions and growth opportunities, you could create an additional revenue stream.
With your specialized knowledge in NLP, you could offer niche coaching services that appeal to tech professionals seeking advancement in their careers. This allows you to leverage your expertise in resume building, interview prep, and workplace advancement goals tailored to each client's aspirations.
Moreover, the flexibility of offering both in-person and virtual meetings means you can take on clients from around the world, empowering breakthroughs through specialized advice and accountability. Capitalizing on your speaking talents and human resources expertise allows you to monetize your natural motivational abilities, helping you build a successful coaching practice while setting your own schedule.
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. Create an online course ($91.9K/month)
Launching an online course could be a lucrative way for NLP engineers to significantly boost their income. By creating and selling digital classes that teach specialized NLP skills, you could harness your expertise to fill educational gaps and build a dedicated student base. This entrepreneurial venture offers flexibility, whether through self-paced or cohort-based course structures, making it an attractive option for lifelong learners eager to delve into emerging NLP topics.
Beyond the satisfaction of sharing knowledge, this approach provides passive income potential with minimal startup costs. By developing engaging video lessons and supplementary materials, you could monetize your instructional talents effectively, creating a sustainable side income that could easily scale to six figures.
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.
5. Start an ecommerce store ($287K/month)
Starting an eCommerce store could offer you a substantial avenue to supplement your income as an NLP engineer. Given the booming landscape of online retail, you could take advantage of the low overhead costs and extensive reach to sell niche products or services that are unique to your expertise or interests. This could be a part-time endeavor that fits around your primary job, allowing you to leverage your technical skills in website development and data analytics to optimize user experience and sales conversions.
Moreover, the flexibility of an eCommerce business means you could operate your store anytime and anywhere, eliminating the constraints of a traditional brick-and-mortar setup. The initial setup involves tasks you're likely already comfortable with, such as configuring a website, implementing payment processing systems, and managing inventory through shopping cart software. In doing so, a successful eCommerce venture could significantly boost your annual earnings, potentially leading you closer to that six-figure goal.
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.
6. Start a freelance writing business ($65.5K/month)
Starting a freelance writing business could help you make six figures as an NLP engineer by utilizing your unique expertise in a high-demand niche. You have the flexibility to work from home and set your own hours, making it a suitable supplement to your full-time job. With strong writing skills, proper communication, and the ability to meet deadlines, you could carve out a profitable side hustle or even transform it into a full-fledged business.
Leveraging your knowledge of NLP, you could write specialized content such as technical documentation, research articles, and industry analysis. This kind of specialized writing is in demand and commands higher rates, boosting your income potential. Staying up-to-date with current writing tools and trends will further position you as an expert in your field, making it easier to attract high-paying clients.
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.
7. Become a social media influencer ($57.4K/month)
Use Your Expertise to Influence and Earn
Leveraging your expertise as an NLP engineer, you could become a social media influencer by sharing insightful content related to artificial intelligence, machine learning, natural language processing, and technology trends. Platforms like YouTube, Instagram, and TikTok offer lucrative opportunities to engage with a tech-savvy audience eager to learn from industry professionals. By consistently posting high-quality tutorials, project demonstrations, and thought leadership pieces, you could quickly grow your following and attract sponsorships and partnerships with tech brands.
Starting a social media influencer career in your field doesn’t just enhance your personal brand but also opens up additional income streams through ad revenue, sponsored posts, and affiliate marketing. As your online presence grows, you might offer exclusive courses, webinars, and consultation services, further boosting your earnings potential. Engaging with a large audience enables you to monetize both your broad knowledge and innovative applications within NLP, potentially pushing your income into the six figures bracket.
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. Digital products ($261K/month)
As an NLP engineer, you could leverage your skills to develop various digital products, such as AI-driven apps, NLP-based tools, or educational courses on natural language processing. These products are easy to create and distribute, allowing you to build a scalable business without the logistical challenges of physical products.
For instance, you could design and sell a subscription-based NLP software that helps businesses automate customer support or sentiment analysis. Alternatively, you could create a membership site offering exclusive tutorials and resources on advanced NLP techniques. By diversifying your income streams with digital products, you could significantly boost your earnings and potentially reach six figures.
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 social media marketing agency ($116K/month)
Starting a social media marketing agency could be an excellent way for an NLP engineer to supplement their income and work towards making six figures. By leveraging your expertise in natural language processing, you could offer advanced social media analytics and personalized marketing strategies, setting you apart from competitors. You could automate many tasks using social media marketing tools, allowing you to manage your time efficiently and take on multiple clients.
Additionally, creating a strong agency portfolio and a targeted marketing strategy would enable you to attract a consistent stream of clients, ensuring steady income. Whether you aim to clear your utility bills, finance higher education, or save for a vacation, this venture could provide the financial flexibility you seek.
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.
10. Become an affiliate marketer ($55.3K/month)
Starting a side business as an affiliate marketer could be a lucrative way for an NLP engineer to supplement their income and move towards making six figures. By promoting other companies' products or services and earning a commission for each sale, you could leverage your marketing skills without the need for substantial upfront investment. This low-cost venture allows you to focus on driving traffic and sales rather than developing products.
Signing up for affiliate programs in your niche and utilizing unique tracking links enables you to monetize your existing audience or build a new one around the products you promote. Given your technical expertise, you could also use advanced data analytics and NLP techniques to optimize your marketing strategies, thereby maximizing your earnings. This flexible, scalable business model could be an excellent complement to your career, potentially leading you to a six-figure income.
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. Start a youtube channel ($146K/month)
Starting a YouTube channel could be an excellent way to supplement your income as an NLP engineer and potentially help you reach a six-figure salary. By sharing your expertise in NLP, from tutorials to project showcases, you could attract a dedicated audience eager to learn from your unique insights. The platform's established monetization system, coupled with its massive user base, offers numerous revenue opportunities, such as ad revenue, sponsorships, and affiliate marketing.
Moreover, reaching the minimum requirements for the YouTube Partner Program—1,000 subscribers and 4,000 watch hours in the past 12 months—might take time but is a viable goal with consistent, high-quality content. Beyond direct income, a successful YouTube channel can also enhance your professional reputation, opening up opportunities for consulting, paid speaking engagements, or even launching your own educational products.
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.
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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.
