How to Get Rich as an Accountant? (33 Proven Ways in 2024)

Updated: February 22nd, 2024

Are you an accountant who is looking to get rich? If so, you're in luck! There are many ways to become wealthy as an accountant.

This blog post will discuss the best ways to make money as an accountant. So, whether you are just starting out in your career or have been working as an accountant for many years, read on for some valuable tips on getting rich!

1. Start an office space rental

Demand for office space rental is booming. The forces that trigger the increase in demand for office space include a more significant number of startups, remote work culture, and an increase in office space per employee as businesses seek to decongest.

With demand for office space expected to increase, starting an office rental business is a wise investment. If you plan to start an office rental business, consider proximity to essential amenities, and ensure the office is accessible.

Before starting the office rental business, it’s a good idea you research the competition in your area. Be sure to understand the competitive landscape and choose where the office rental business fits best.

How much you can make: $14,000 — $300,000/month

How long does it take to build: 90 days (?)

2. Start a teaching & consulting business

How much you can make: $12,000 — $300,000/month

How long does it take to build: 7 days (?)

3. Become a social media influencer

Social media has become integral to people's lives and daily routines. Given the importance of social media, brands are flocking to different social media platforms such as Instagram, YouTube, Facebook, and TikTok in the hope of connecting with their target audience.

A popular approach taken by these brands is engaging social media influencers. A social media influencer has established credibility in a specific industry and has access to a vast audience they can persuade to act based on recommendations.

Anyone can become a social influencer so long as they have the right strategy. Choose a popular niche based on your interests and start creating relevant content.

How much you can make: $2,500 — $300,000/month

How much does it cost to start: $601 (?)

How long does it take to build: 155 days (?)

4. Start a tutorial blogging business

How much you can make: $10,000 — $100,000/month

5. Start an online course creation business

Starting an online course could be perfect if you want a passive income. Whatever your background, you could start teaching online and earn a passive income.

All you need to start an online course is patience, imagination, and an enabling eLearning platform where you can connect with the relevant audience.

Online courses may take time and require a lot of effort to start selling. However, once your audience finds the content resourceful, they start sharing and recommending it through their network. Remember, creating an online course could take longer than expected, so remain focused and give your best.

How much you can make: $1,666,666/month

6. Start a freelance writing business ($61.3K/month)

Freelance writing can be a good career choice if you are looking for a flexible online job.

Working as a freelancer gives you the flexibility to define your work schedule. You can work from home at any time. Freelance writers work across various niches, writing about various topics assigned by the client,

To earn good money as a freelance writer, you need the following personal qualities:

  • Strong writing skills
  • Ability to meet deadlines
  • Stay on the cutting edge
  • Be a self-starter
  • Be up-to-date with the current writing tools & writing trends
  • Proper communication skills

How much you can make: $700 — $320,000/month

How much does it cost to start: $400 (?)

How long does it take to build: 53 days (?)

7. Start a copywriting business ($12K/month)

A copywriter creates clear, compelling copy to sell products and/or educate and engage consumers.

To become a copywriter, focus on covering the basics, plan your copywriting business and choose the services you intend to offer.

To develop your brand, establish a marketing strategy, and offer quality services to your audience. Email marketing, newsletters, and other digital marketing tools can help you create a successful copywriting business.

How much you can make: $700 — $160,000/month

How much does it cost to start: $500 (?)

How long does it take to build: 41 days (?)

8. Start an amazon seller business

How much you can make: $3,000 — $1,175,000/month

How much does it cost to start: $5,000 (?)

9. Start a private tutor business

How much you can make: $300,000/month

How long does it take to build: 1200 days (?)

10. Start a stock market research website

How much you can make: $3,000,000/month

How long does it take to build: 200 days (?)

11. Start an online t-shirt business ($143K/month)

Running a t-shirt business is an opportunity many entrepreneurs are looking into as a side hustle or even a full-time business opportunity. While having your own physical store is possible, online businesses are becoming extremely popular in this field.

Launching your own successful online t-shirt business may feel daunting, but with the guidance & insights from people who are already pioneering this industry, it’s simpler than you may think. You can start with selling customized quotes t-shirts, tie-dye prints/screen printing t-shirts, or solid color t-shirts. The opportunities for this industry are endless.

How much you can make: $1,000 — $83,300,000/month

How much does it cost to start: $425 (?)

How long does it take to build: 7 days (?)

12. Start an affiliate marketing business ($298K/month)

Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.

To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.

How much you can make: $500 — $773,000/month

How much does it cost to start: $500 (?)

How long does it take to build: 55 days (?)

13. Start an online course sales business

Do you know you can make money selling what you are passionate about? People are making money creating courses and selling them online. Common online courses include music, cooking, coding, web design, dropshipping, etc.

Thus, you can turn it into a passive income by launching online classes if you have a skill. All you need is to choose a target audience, create the online course and choose an online learning platform where you can sell the course.

The e-learning market is expected to be worth over $645 Billion in the next few years.

How much you can make: $100 — $1,666,666/month

How long does it take to build: 190 days (?)

14. Start a tax accountant business

A tax accountant prepares, files, and manages individual and corporate taxes according to tax laws and regulations. To become a tax accountant, consider taking tax law courses, so you are well prepared for your career. Although a bachelor's degree isn't always required, most accountants have one.

Some employers prefer hiring tax accountants with a Master's degree in accountancy or business administration.

How much you can make: $25,000 — $500,000/month

How long does it take to build: 60 days (?)

15. Become a real estate investor

How much you can make: $5,000 — $1,500,000/month

How long does it take to build: 180 days (?)

16. Start a digital ebook business

How much you can make: $100,000/month

17. Start a business plan writing business

A business plan writing business is a service that helps entrepreneurs and small business owners create well-structured and comprehensive business plans.

These plans serve as roadmaps for their businesses, outlining goals, strategies, and financial projections. Starting a business plan writing business involves skills in research, analysis, and writing.

You’ll work closely with clients to understand their vision and then translate it into a professional document that can be used to attract investors, secure loans, or guide their business growth.

This low-cost business idea requires minimal initial investment, mainly for marketing materials and a basic online presence, making it an accessible option for aspiring entrepreneurs.

How much you can make: $42,857/month

How much does it cost to start: $35 (?)

How long does it take to build: 150 days (?)

18. Become a blogger

Are you looking for a business idea you can start from home? One great option to explore is to start your own blog.

With the flexibility of location independence, you can work on your blog from anywhere in the world!

What’s amazing about blogging is that anyone can start with just a computer and the internet! Besides, you don’t need any special talents or previous experience to start.

It’s an open field that welcomes anyone who has a passion for writing and sharing their thoughts with the world. The best part is that it can be one of the most rewarding passive income business ideas you can start.

How much you can make: $2,500 — $25,000/month

How much does it cost to start: $199 (?)

How long does it take to build: 6 days (?)

19. Start a podcast ($39.5K/month)

The podcast business involves creating and producing audio content that people can listen to online.

It’s a popular form of entertainment and information-sharing.

To start a podcast business on a budget, you'll need a few key steps.

First, choose a niche or topic that you're passionate about and that has an audience.

Next, get basic recording equipment like a microphone and headphones.

Then, find a free or affordable hosting platform to publish your episodes.

Finally, promote your podcast through social media, online communities, and word of mouth to build an audience and potentially attract sponsors or advertisers.

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

20. Start a youtube channel

For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. In addition, YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.

In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube's popularity to earn extra income.

If you want to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.

How much you can make: $800 — $4,500,000/month

How much does it cost to start: $500 (?)

How long does it take to build: 48 days (?)

Time commitment per week: Min. 5 hours/week

21. Start a dropshipping reseller

Drop shipping is a retail fulfilment method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer.

Drop shipping doesn't require much investment and it has a low risk because it doesn't require upfront costs. Besides, dropshipping can be a profitable business model for merchants since they do not pay for shipping or cost of product manufacturing.

To start the business follow these steps:

  • Choose a niche
  • Perform competition research
  • Find a reputable manufacturer/supplier
  • Build an online store
  • Market your store
  • Analyze and improve your offering

If you do not want to create a dropshipping business from scratch, you can find a dropshipping business for sale on exchange marketplace.

How much you can make: $6,000 — $150,000/month

How much does it cost to start: $1,000 (?)

22. Develop an ecommerce operating system

How much you can make: $1,060,000/month

More business ideas

  • 23. Start a financial auditor

24. Start a tax service business

A tax service business helps individuals and businesses prepare and file their tax returns accurately and efficiently. This business typically offers tax preparation, tax planning, and consulting on tax-related matters.

To run a successful tax service business, it is essential to stay up-to-date on the latest tax laws and regulations and any changes that may affect your clients. You should also invest in reliable tax preparation software and thoroughly understand how to use it.

Another key to success in this business is building strong relationships with your clients. This may involve offering personalized services and being available to answer questions and provide guidance throughout the tax preparation process.

Marketing and networking are also crucial for attracting new clients. This may involve utilizing social media, creating a website, and attending local business events.

Overall, a tax service business can be a rewarding and lucrative opportunity for entrepreneurs with a strong understanding of tax laws and a dedication to providing excellent customer service.

How much you can make: $10,000 — $370,000/month

More business ideas

  • 25. Start an eteaching business

26. Start a virtual accounting business

Starting a virtual accounting business is an excellent opportunity for those with a background in finance or accounting. With the rise of remote work and technology, starting your own virtual accounting business has never been easier.

A virtual accounting business involves providing accounting services to clients remotely. This can include bookkeeping, payroll, tax preparation, financial reporting, and more. With the right tools and software, you can offer these services to clients no matter where they are located.

To start a successful virtual accounting business, you’ll need a strong understanding of accounting principles and regulations. A bachelor’s degree in accounting or finance is often preferred, as well as relevant certifications such as a CPA. You’ll also need to be proficient in using accounting software like QuickBooks or Xero and be comfortable working with clients remotely.

One key to success in a virtual accounting business is to specialize in a specific area of accounting. This could be working with small businesses, freelancers, or a particular industry. Focusing on a specific niche can better serve your clients and stand out in a crowded market.

A virtual accounting business can be relatively low-cost in terms of startup costs. In addition to education and certifications, you’ll need a computer, accounting software, and possibly a website to promote your services. You may also want to invest in marketing to attract clients and grow your business.

Overall, starting a virtual accounting business is an excellent opportunity for those with a background in finance or accounting looking to work remotely and be their boss. You can build a successful and profitable business with the right skills and marketing efforts.

How much does it cost to start: $100 (?)

How long does it take to build: 7 days (?)

More business ideas

  • 27. Start a virtual reality professor business
  • 28. Become an excel consultant
  • 29. Start a virtual tutoring business
  • 30. Start a remote patient examination business

31. Start a tax consulting business

A tax consulting business involves providing tax preparation, planning, and advisory services to help clients manage their financial obligations and opportunities.

As a consultant, you use your expertise to oversee tax filings, maximize returns, and minimize liabilities while identifying legal savings strategies.

Given the complexity of tax codes, the demand for specialized guidance tailored to individual situations creates a great opportunity for building a successful practice.

If you have strong financial acumen, a tax consultancy presents a versatile business model that combines vital compliance services with year-round planning and advisory services, leading to robust revenue potential.

How much you can make: $500,000/month

How long does it take to build: 60 days (?)

More business ideas

  • 32. Become a virtual bookkeeper
  • 33. Start an office moving business

Frequently asked questions

Can you get rich as an accountant?

If you're an accountant, you're probably not in it for the money. But that doesn't mean you can't get rich. The easiest way to build real wealth as an accountant is to start your own business. Maybe one of the ones we listed in the business ideas list a bit above.

How to get rich as an accountant?

First, invest in yourself. Get an education and specialize in a field that pays well.

Second, think outside the box. There are many opportunities for an accountant to make money.

Third, be creative and entrepreneurial. Start your own business or find ways to monetize your skills and knowledge.

By following these tips, you can become a wealthy lawyer and enjoy the good life!

Conclusion

An accountant can get rich by becoming an accountant entrepreneur.

There are many opportunities for accountants to start their businesses and become wealthy.

Accountants can create their products or services or provide consulting services to other professionals in their field.

Accountants who are successful in business have several things in common, including a willingness to take risks, an entrepreneurial mindset, and a dedication to excellence.

meet the author
Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.