How to Make 6 Figures As A Scrum Master? (11 Best Ways in 2024)
So you want to make six figures as a scrum master? Good for you! Being a scrum master 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 scrum master - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start a podcast ($97.9K/month)
Starting a podcast could be an effective way for you to supplement your income as a scrum master and potentially help you reach a six-figure salary. By creating and producing audio content that resonates with an audience interested in agile methodologies, project management, and teamwork, you position yourself as an expert in your field.
Choosing a niche that you’re passionate about and that appeals to your target audience will be key. With basic recording equipment and an affordable hosting platform, you could quickly start sharing episodes packed with valuable insights and advice. Promoting your podcast through social media and online communities can help grow your listener base, opening up opportunities for sponsorships and advertisements, thereby adding a lucrative income stream.
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.
2. Become a social media influencer ($57.4K/month)
Leveraging your expertise as a Scrum Master, you could build a robust presence on social media platforms like LinkedIn, YouTube, or even TikTok. By regularly sharing valuable insights, tips, and industry trends related to Agile methodologies and Scrum practices, you could position yourself as thought leader in this niche.
As your following grows, you might attract sponsorships or partnership opportunities from companies looking to connect with your engaged audience. Additionally, you could monetize your content through affiliate marketing, online courses, or e-books, thereby supplementing your income and potentially making six figures as a Scrum Master.
Overall, with the right strategy and consistent content creation, social media influence offers a viable path to significantly boosting your earnings while sharing your professional passion.
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.
3. Start a youtube channel ($146K/month)
Starting a YouTube channel could significantly supplement your income as a Scrum Master. By sharing your expertise on topics like Agile practices, Scrum ceremonies, and project management, you could attract a loyal audience of fellow professionals and enthusiasts. With consistent content creation and strategic promotion, you could build a subscriber base and reach the minimum requirement for the YouTube Partner Program, enabling monetization through ads.
Additionally, you could leverage your channel to offer paid coaching sessions, online courses, or exclusive memberships. The popularity of YouTube as a platform provides immense potential for revenue generation and brand building. This side venture could not only enhance your professional footprint but also propel you towards a six-figure income.
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.
4. Digital products ($242K/month)
Starting a business focused on digital products could be an effective way to supplement your income as a Scrum Master and help you achieve six figures. Digital products are easy to create and share, making them a convenient option for someone with your project management and organizational skills. For example, you could develop an online course or ebook about Agile methodologies or Scrum best practices, leveraging your expertise to provide valuable insights to others.
Another possibility is creating a membership site or community platform centered around professional development for Scrum Masters. This could offer ongoing value and potentially establish a recurring revenue stream. Additionally, digital products eliminate the need for physical inventory, allowing you to focus exclusively on content creation and marketing.
By tapping into your existing knowledge and expertise, you can create digital products that fulfill the needs of aspiring Scrum Masters, thereby generating substantial additional income. The low overhead and high scalability of digital products make them an attractive avenue for entrepreneurial-minded professionals looking to grow their earnings.
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 social media marketing agency ($386K/month)
Supplementing your income as a Scrum Master by starting a social media marketing agency could be a lucrative option. The advantage here is that it requires relatively less time commitment due to the availability of social media marketing tools, enabling you to automate many tasks. This allows you to balance it alongside your primary role efficiently.
Developing a solid social media marketing strategy could enable you to serve clients efficiently without compromising your primary responsibilities. You would need to create an agency portfolio to showcase your services to potential clients, thereby expanding your reach. Whether you're looking to clear utility bills, finance education, or save for a vacation, this side business could provide you with the extra income to meet those goals.
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 an affiliate marketer ($55.3K/month)
As a Scrum Master, supplementing your income through affiliate marketing could be an excellent pathway to reaching six-figure earnings. By leveraging your organizational and communication skills, you could effectively promote products or services relevant to your industry and earn commissions on sales made through your referrals.
This venture requires minimal upfront investment, making it an accessible option for professionals looking to start a business on a budget. To get started, you would sign up for affiliate programs in your chosen niche and use your marketing skills to drive traffic to these products, earning a commission for each successful sale.
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.
7. Create an online course ($82.8K/month)
Starting an online course could help you make six figures as a Scrum Master by monetizing your extensive knowledge and expertise in agile methodologies. By identifying educational gaps and developing engaging video lessons and supplementary materials, you could cater to a global audience of professionals eager to advance their skills in Scrum and agile practices.
The flexibility of offering self-paced or cohort-based courses ensures you can build a diverse student base, providing a steady stream of passive income. For entrepreneurial-minded Scrum Masters, launching an online course platform presents a lucrative opportunity with small startup costs, allowing you to share your instructional talents while helping lifelong learners access convenient, high-quality education.
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.
8. Start a blog ($44.9K/month)
Starting a blog could significantly supplement your income as a Scrum Master by allowing you to leverage your expertise and reach a broader audience. Blogs are rated as the 5th most trustworthy source of information online, and with 77% of internet users reading blogs, there's a massive potential readership waiting to learn from your experience and insights. By choosing a niche related to agile methodologies, Scrum practices, or project management, you could create content that resonates with both aspiring and seasoned Scrum Masters.
With approximately 409 million people viewing over 20 billion pages each month, there is a prime opportunity to monetize your blog through various avenues like sponsored posts, affiliate marketing, or digital product sales such as eBooks and online courses. This location-independent business could not only serve as a creative outlet but also build a substantial secondary revenue stream, potentially pushing you towards that coveted six-figure income bracket.
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.
9. Start a freelance writing business ($62.6K/month)
Starting a freelance writing business could be an excellent way to supplement your income as a Scrum Master and potentially propel you to a six-figure salary. Leveraging your strong writing skills, you could create content on Agile methodologies, project management, or even specific tools and practices used in Scrum, providing valuable insights to a wide range of readers. This offers a lucrative, flexible way to monetize your expertise while working from home and setting your own schedule.
Additionally, as a Scrum Master already accustomed to meeting deadlines and effective communication, you would be well-positioned to excel in freelance writing. The key is to stay informed about current writing tools and trends to ensure your content remains engaging and relevant. With dedication and a strategic approach, your freelance writing could evolve from a side hustle into a significant revenue stream, contributing substantially to your overall income.
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.
10. Start an ecommerce store ($287K/month)
Starting an eCommerce store could present a lucrative opportunity for a Scrum Master looking to make six figures by supplementing their income. An eCommerce store offers you the flexibility to manage the business alongside your primary career, thanks to lower overhead costs and the ability to reach a vast audience online. This dual-income stream could significantly boost your earnings and help you reach that six-figure mark.
Given the booming eCommerce market, you could capitalize on the growing consumer demand for convenient online shopping. Setting up a website to showcase your products or services, along with implementing payment and inventory tracking systems, is simpler and more affordable than ever. By leveraging your project management skills and applying Agile principles, you could efficiently run an eCommerce business that complements your full-time role as a Scrum Master.
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.
11. Start a career coaching business ($48.5K/month)
Starting a career coaching business could be a lucrative way to supplement your income as a Scrum Master. By leveraging your expertise in professional development and agile methodologies, you could provide valuable guidance to clients navigating their own career transitions and growth opportunities. This business would allow you to design custom sessions for resume building, interview prep, and workplace advancement goals, tailored to each client’s specific needs and aspirations.
As an entrepreneurial-minded individual, you could run your coaching practice with the flexibility of in-person or virtual meetings, expanding your client base without geographical constraints. This venture is an excellent opportunity for those with natural motivational abilities and human resources expertise to not only make a difference but also to monetize their skills. By empowering clients through specialized advice and accountability, you could turn your passion for coaching into a significant source of additional income, helping you reach the six-figure mark in your career.
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.
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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.
