How to Make 6 Figures As A Realtor? (11 Best Ways in 2024)
So you want to make six figures as a Realtor? Good for you! Being a Realtor 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 Realtor - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start a career coaching business ($48.5K/month)
Starting a career coaching business could significantly boost your income as a Realtor by allowing you to monetize your acquired knowledge and skills in guiding others towards professional success. By leveraging your expertise in the real estate industry, you could provide personalized guidance, support, and strategy services to help clients navigate their own career transitions and growth opportunities.
Launching a coaching practice would enable you to offer customized sessions on resume building, interview preparation, and workplace advancement, tailoring each session to meet your clients' unique aspirations. With the flexibility of holding in-person or virtual meetings, this side business could easily fit into your existing schedule, empowering your clients while generating a substantial additional revenue stream.
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.
2. Digital products ($261K/month)
Considering the entrepreneurial possibilities, creating digital products could significantly supplement your income as a Realtor. For instance, you could develop eBooks or online courses that offer valuable insights into the real estate market, helping both new and experienced agents sharpen their skills. This way, you're not only generating additional revenue but also establishing yourself as an industry expert.
By leveraging your industry knowledge, you could also create specialized software or apps tailored for real estate professionals, such as CRM tools or property management systems. Additionally, you might consider establishing a membership site or online community focusing on real estate trends and strategies, providing a platform for ongoing education and networking.
Since digital products are easy to create and distribute, they offer a low-risk, high-reward business opportunity. With minimal overhead costs and the potential for wide-reaching impact, incorporating digital products into your portfolio could help pave the way to a six-figure income.
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.
3. Become an affiliate marketer ($55.3K/month)
As a Realtor aiming to make six figures, starting an affiliate marketing business could be a lucrative side venture. By promoting other companies' real estate-related products or services, you could earn commissions for every sale made through your referrals. This approach allows you to leverage your existing network and marketing skills without the need for significant upfront investment or inventory management.
With affiliate marketing, you could sign up for programs that resonate with your niche, such as home staging services, real estate software, or moving companies. Each successful referral tracked through unique links provided by these companies could generate additional income streams. This low-cost, minimal-risk business model offers a practical way to boost your earnings while still focusing on your primary career as a Realtor.
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.
4. Start a youtube channel ($146K/month)
Starting a YouTube channel could provide you with a lucrative side business and help you make six figures as a Realtor. By creating engaging and informative content related to real estate, you could attract a substantial following, thus positioning yourself as an industry expert. The YouTube platform offers established monetization options, and once you reach 1,000 subscribers and 4,000 watch hours in the last 12 months, you could join the YouTube partner program to start earning ad revenue.
Beyond direct earnings from YouTube, a successful channel could enhance your brand visibility, helping you generate more leads and closing more deals. You could share property tours, market analyses, home-buying tips, and client testimonials to build trust and attract a broader audience. Over time, your YouTube presence could serve as a powerful marketing tool, driving more traffic to your main real estate business.
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.
5. Become a social media influencer ($57.4K/month)
Leveraging your experience as a Realtor, you could significantly supplement your income by establishing yourself as a social media influencer. With platforms like Instagram, YouTube, Facebook, and TikTok becoming central to daily routines, you have the opportunity to connect with a vast audience and even collaborate with brands looking to access your followers. By curating content around real estate tips, home tours, market updates, and lifestyle advice, you could build a strong personal brand and boost your credibility in the industry.
As your follower count grows, brands may approach you for partnerships, sponsored posts, or product placements, allowing you to monetize your social media presence. Additionally, you could offer online courses, e-books, or consultancy services to your engaged audience, providing another revenue channel. By strategically using social media to complement your real estate career, you could well be on your way to 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.
6. Create an online course ($91.9K/month)
Starting an online course could be a substantial way to supplement your income as a Realtor and even help you achieve six figures. By identifying educational gaps in real estate knowledge, you could create engaging video lessons and supplementary materials on topics like property investment, first-time home buying, or navigating the market trends.
For entrepreneurial Realtors, launching a self-paced or cohort-based online course allows you to share your expertise with a broad audience, generating passive income with relatively small startup costs. Eager lifelong learners seeking convenient access to specialized real estate knowledge would eagerly subscribe, providing you an additional revenue stream while allowing you to monetize your instructional talents.
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.
7. Start a podcast ($97.9K/month)
Starting a podcast could be a lucrative way to supplement your income as a Realtor and potentially help you reach six figures. By creating and producing audio content that caters to topics such as real estate market trends, home-buying tips, or neighborhood spotlights, you could establish yourself as an expert in the field. This not only enhances your credibility but also helps you build a following.
As your audience grows, you could attract sponsors or advertisers eager to target your niche market, which can provide a steady stream of additional income. Furthermore, a well-promoted podcast can lead to increased visibility for your real estate services, ultimately driving more clients to your main business. Starting a podcast is feasible even on a tight budget with basic recording equipment and free or affordable hosting platforms, making it an accessible venture for entrepreneurial-minded Realtors.
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.
8. Start an ecommerce store ($287K/month)
Starting an ecommerce store could be a lucrative way to supplement your income as a Realtor and help you achieve six figures. By selling products or services online, you could take advantage of the booming eCommerce industry, which offers lower overhead costs and broader reach compared to traditional brick-and-mortar businesses. This flexibility allows you to operate your store on your schedule, making it easier to balance your real estate career and side business.
As a Realtor, you could leverage your knowledge of the housing market to sell specialized items like home staging decor, real estate marketing materials, or even educational courses for aspiring realtors. Setting up your ecommerce site requires creating a website, integrating payment processing software, and managing inventory, but the initial effort could pave the way for a steady additional income stream. With consumers increasingly preferring the convenience of online shopping, your ecommerce venture could attract a wide audience, amplifying your earning potential significantly.
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.
9. Start a social media marketing agency ($116K/month)
Starting a social media marketing agency could be an excellent way for you to supplement your income and make six figures as a Realtor. With a well-developed social media marketing strategy, you could attract clients who need help with their online presence, allowing you to generate additional revenue without a significant time commitment. Utilizing social media marketing tools could automate many tasks, giving you the flexibility to manage both your real estate business and your new venture efficiently.
Creating an impressive agency portfolio could help you market your services to target customers effectively, opening up new income streams. Whether you're aiming to clear your utility bills, finance your education, or save for a vacation, this side business could provide the financial boost you need.
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. Start a blog ($44.9K/month)
Starting a blog could help you make six figures as a Realtor by providing a platform to showcase your expertise and build trust with potential clients. Since blogs have been rated as the 5th most trustworthy source of online information and 77% of internet users read blogs, leveraging this medium could significantly broaden your reach. By sharing valuable content, such as real estate market updates, tips for home buyers and sellers, and personal success stories, you could establish yourself as an industry authority, attracting more clients.
Moreover, a blog could serve as an additional revenue stream through affiliate marketing, sponsored posts, and advertising. With approximately 409 million people viewing over 20 billion pages each month, the audience potential is immense. Whether you're looking to supplement your income or transition to a full-time blogging career, a well-maintained blog with a strong content strategy could open up new financial opportunities and help you achieve your income goals.
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.
11. Start a freelance writing business ($65.5K/month)
Starting a freelance writing business could be an excellent way for you as a Realtor to supplement your income and make strides towards earning six figures. As a freelancer, you have the flexibility to set your work schedule around your real estate commitments, providing an additional revenue stream without compromising your primary career. You could leverage your knowledge of the real estate market to write engaging articles, guides, or content for real estate blogs, websites, and marketing materials, thus positioning yourself as an industry expert.
With strong writing skills, the ability to meet deadlines, and a knack for staying updated on writing trends, you could tap into various niches and topics that interest you or align with real estate. Proper communication skills and a self-starter mindset are crucial, enabling you to build client relationships and manage your project load effectively. This diverse skill set could not only boost your earnings but also enhance your personal brand as a knowledgeable and versatile professional in the real estate industry.
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.
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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.
