How to Make 6 Figures As A Real Estate Agent? (11 Best Ways in 2024)
So you want to make six figures as a real estate agent? Good for you! Being a real estate agent 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 real estate agent - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start an ecommerce store ($287K/month)
As a real estate agent, you could boost your income significantly by starting an eCommerce store. This online venture offers the flexibility and reach that traditional brick-and-mortar businesses lack, enabling you to market and sell products or services to a wider audience without incurring high overhead costs.
By leveraging your entrepreneurial skills, you could run an eCommerce store alongside your real estate activities, or even specialize in property-related products that complement your primary career. The booming eCommerce market provides you with a platform to cater to consumer needs efficiently, allowing customers to purchase from the comfort of their homes. Setting up your website, integrating payment systems, and managing inventory might take some initial effort, but the potential revenue streams make it worthwhile.
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 freelance writing business ($62.6K/month)
As a real estate agent, starting a freelance writing business could significantly boost your income, potentially helping you reach six figures. You could leverage your industry knowledge to write insightful blog posts, market analyses, or property descriptions, attracting clients who value your expertise. This flexibility allows you to supplement your primary income while maintaining control over your schedule.
Additionally, becoming a freelance writer could help you differentiate yourself in the competitive real estate market. By honing your writing skills, you could improve your marketing materials and online presence, effectively drawing more clients to your real estate services. Embracing this side business not only diversifies your income streams but also enhances your professional profile.
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 a career coaching business ($48.5K/month)
Starting a career coaching business could significantly supplement your income as a real estate agent and help you reach six figures. Leveraging your expertise in professional transitions and growth, you could offer personalized guidance and strategy services to clients, assisting them with resume building, interview preparation, and workplace advancement. This can be particularly lucrative as it allows you to monetize your motivational abilities and human resources expertise.
With flexibility for in-person or virtual meetings, you could build a diverse client base, enabling you to expand your reach beyond the local real estate market. Moreover, setting your own schedule means you can grow this business alongside your existing real estate commitments. By empowering others to achieve their professional goals, you simultaneously create a steady stream of supplementary income, moving closer to that six-figure milestone.
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 podcast ($97.9K/month)
Starting a podcast could significantly supplement your income as a real estate agent by allowing you to share valuable insights and tips, thereby building your personal brand while attracting a dedicated audience. By focusing on real estate topics, you could establish yourself as an authority in the field, which can lead to more clients and higher-value transactions.
Additionally, a popular podcast could attract sponsors and advertisers interested in reaching your audience, providing a stream of passive income. Leveraging social media and online communities to promote your episodes could further increase your reach and opportunities for monetization. With relatively low startup costs involving basic equipment and affordable hosting platforms, this side business could smoothly integrate with your existing career and help propel you toward that 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.
5. Start a social media marketing agency ($386K/month)
Starting a social media marketing agency could significantly boost your income as a real estate agent. By leveraging your knowledge of the real estate market and combining it with savvy social media strategies, you could help other agents enhance their online presence while ensuring a steady stream of extra income for yourself. This side business could effortlessly fit into your schedule, thanks to automation tools that reduce the time commitment required.
Furthermore, by developing a robust social media marketing strategy and creating a portfolio to showcase your services, you could attract clients ranging from small businesses to other real estate professionals. Not only could this venture finance things like your utility bills or vacations, but it could potentially grow into an entire business that stands on its own, giving you multiple streams of revenue. As you gain experience, your services can command higher fees, making it entirely possible to achieve a six-figure income.
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.
6. Become a social media influencer ($57.4K/month)
Starting a side business as a social media influencer could be a highly lucrative endeavor for a real estate agent. By leveraging platforms like Instagram, YouTube, Facebook, and TikTok, you could establish yourself as a credible voice in the real estate industry, attracting a vast audience. This could not only boost your visibility but also significantly supplement your income through brand partnerships and sponsored content.
Creating relevant and engaging content related to real estate could attract a targeted audience, offering value through market insights, property tours, and expert tips. Brands would be keen to collaborate with you, considering your established credibility and audience reach. By combining your real estate expertise with the power of social media, you could open up multiple income streams and potentially achieve six figures.
In summary, becoming a social media influencer offers entrepreneurial-minded real estate agents a unique opportunity to expand their brand and supplement their earnings. By tapping into social media's vast potential, you could diversify your revenue sources and reach new heights in your career.
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.
7. Start a blog ($44.9K/month)
Starting a blog could be an excellent way for you to supplement your income and reach six figures as a real estate agent. By creating valuable content that resonates with your target audience, you could establish yourself as an authority in the real estate market, thereby attracting more potential clients and referrals. Given that 77% of internet users read blogs, you have an extensive audience to tap into, leveraging your blog to build relationships and trust.
Furthermore, a well-maintained blog could help you generate additional revenue streams through advertising, affiliate marketing, and sponsored content. The credibility that comes from being regarded as a trustworthy source of information could also translate into higher-value transactions and more lucrative deals. So, whether you start blogging as a side hustle or as a full-time endeavor, a well-executed blogging strategy could substantially increase your earnings in the real estate industry.
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.
8. Start a youtube channel ($146K/month)
Starting a YouTube channel could be a powerful way to supplement your income and help you achieve six figures as a real estate agent. By creating engaging and informative content about the real estate industry, you could attract a dedicated audience, establish yourself as an expert, and generate additional revenue streams through YouTube's monetization system. This could include ad revenue, sponsored content, and affiliate marketing.
With a minimum requirement of 1,000 subscribers and 4,000 watch hours in the previous 12 months to join the YouTube partner program, you have a clear target to aim for to start earning. Sharing market insights, property tours, and buyer/seller tips could help you build a substantial following and broaden your client base, leading to more referrals and sales. If approached strategically, your YouTube channel could not only bring extra income but also elevate your real estate career to new heights.
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. Digital products ($242K/month)
Supplementing your income as a real estate agent could be as simple as venturing into the world of digital products. Digital products, such as ebooks, online courses, or membership sites, are popular because they're easy to create, require no physical inventory, and can be sold directly from your website. Imagine creating a comprehensive guide on real estate investing, a course on buying your first home, or a membership community for local investors—all of these could serve as new revenue streams.
By leveraging your industry expertise to create valuable digital content, you could position yourself as a knowledgeable authority while also generating passive income. The beauty of digital products is that once you've created them, they can keep generating income with minimal ongoing effort. This additional revenue, combined with your traditional real estate transactions, could help you achieve your goal of making six figures in 2024.
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.
10. Become an affiliate marketer ($55.3K/month)
As a real estate agent, supplementing your income by becoming an affiliate marketer could provide a lucrative stream of passive income. By promoting products and services relevant to your audience—for example, home improvement tools, interior design services, or mortgage solutions—you could earn commissions for each sale made through your referrals.
This side business requires minimal upfront investment, relying on your existing marketing skills to drive traffic and sales to the companies' offerings. With strategic marketing and leveraging your client base, you could steadily grow your affiliate earnings, potentially helping you reach that six-figure income goal.
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. Create an online course ($82.8K/month)
Starting an online course could be a powerful way to supplement your income and help you make six figures as a real estate agent. By leveraging your specialized knowledge, you could identify educational gaps in real estate topics that many individuals or aspiring agents are eager to learn about and create engaging video lessons and supplementary materials to fill these gaps.
With the flexibility of self-paced or cohort-based structures, you could build a student base that generates passive income, allowing you to earn money even when you're concentrating on your real estate deals. Launching an online course not only fits your entrepreneurial mindset but also requires small startup costs, making it a lucrative and low-risk venture to boost your 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.
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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.
