How to Get Rich as an Accountant? (33 Proven Ways in 2022)

How to Get Rich as an Accountant? (33 Proven Ways in 2022)

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 greater 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 Can You Make?
$15,000 — $300,000/month
Average Initial Investment
$166,666
Skills

Case Study

I’m Lucas Seyhun. I’m the founder of one of the earliest New York City coworking spaces, The Farm Soho, established in 2014. Unlike most of our competitors (don’t want to give any names), we adopted the affordable workspace model which became our fuel both before and during the pandemic.

Now we cater to all these as well as established businesses discovering the agility and cost-effectiveness of flexible office space rental as opposed to conventional long leases; and also to event organizers in need of unique spaces backed up by expert support.

i-created-an-airbnb-for-startups-in-nyc-make-3-6m-year

2. Start a teaching & consulting business

How Much Can You Make?
$10,000 — $300,000/month
Skills

Case Study

My name is Jade, but my students call me Teacher Jade. I have two businesses that were founded from “ah-ha” moments. My primary business is an online academy that offers courses to youth ages 8-18. From the success of that business, I started my second business which teaches anyone how to teach classes online.

That was my first “ah-ha” moment. I went from teaching online as a side job and earning a couple of hundred dollars a month to becoming a five-figure a month online teacher and I was working way less than my full-time contract hours.

how-i-went-from-part-time-tutor-to-making-120k-year-selling-online-courses

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 Can You Make?
$2,500 — $300,000/month
Average Initial Investment
$601
Skills

Case Study

Hi! My name is Dohyun Kim, and I am the individual behind the social media account YourAverageTechBro. My largest platform is TikTok with 155,000 followers, and I am also on Youtube with around 11,000 subscribers, and I am also on Instagram with a much more humble follower count of 850, and on Twitter @DohyunKim.

Currently, I am averaging around $3000/month across ad money, sponsored content, and a few course sales (this is a much newer product category that I am breaking into.

how-i-grew-a-niche-tiktok-account-to-155k-followers

4. Start a tutorial blogging business

How Much Can You Make?
$10,000 — $100,000/month
Skills

Case Study

Hello! My name is Lisa Miller-Mecham. I’m a creative mom of 4 who runs a craft/sewing website called CreativeFashionBlog.com. I started out as an accessory designer, turned award-winning fashion designer, turned DIY blogger… and now a profitable sewing pattern maker.

My best month so far in 2020 has generated slightly over $15,000 while working part-time. I’m actually launching a course next month to show other creative women how to do the same!

how-i-make-10k-month-selling-printable-sewing-patterns-from-my-fashion-blog

5. Start an online course creation business

If you are looking for a passive income, starting an online course could be perfect. Whatever your background, there is something 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 you expect, hence the reason to remain focused and give your best.

How Much Can You Make?
$1,666,666/month
Skills

Case Study

Shaan Patel is the founder and CEO of Prep Expert, a test preparation platform that provides online SAT and ACT prep courses.

He founded the firm from his dorm room eight years ago with just $900 left over from his undergraduate scholarships.

His SAT and ACT prep classes, books, and licensed items have already brought more than $20 million in sales. In 2016, he pitched Prep Expert on ABC's "Shark Tank" and secured an investment from billionaire entrepreneur Mark Cuban.

He spent no money on marketing during the first five years of starting Prep Expert. Despite this, the company's sales doubled yearly based on word-of-mouth marketing.

The SAT prep classes offered by Prep Expert increased the students' SAT scores by hundreds of points. As a result, parents would refer it to other parents, enabling this company to grow quickly and for free.

When he first founded Prep Expert, Patel approached the local TV station about doing a piece on SAT preparation suggestions for parents and kids. He moved from having no clients to having several when the television interview aired.

Patel attributes his entrepreneurial success to self-control and never giving up.

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6. Start a freelance writing business ($31.7K/month)

Freelance writing can be a good career choice for professional writers for offering writing services to different clients via online platforms. Working as a freelancer gives you the flexibility to define your work schedule. You can work from home and 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 Can You Make?
$700 — $150,000/month
Average Initial Investment
$489
Time To Revenue
90 days
Skills
Business model

Case Study

My name is David Tile. I own and operate a Content Writing Service, under the banner Article-Writing.co.

We don’t consider ourselves a content marketing firm. But a firm dedicated to the business of writing. Project management offers most often attached to marketing agencies. We work against marketing briefs delivering content on time and under budget.

how-i-started-a-80k-month-content-writing-business

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 Can You Make?
$700 — $160,000/month
Average Initial Investment
$1,497
Skills

Case Study

My name is David Tile. I own and operate a Content Writing Service, under the banner Article-Writing.co.

We don’t consider ourselves a content marketing firm. But a firm dedicated to the business of writing. Project management offers most often attached to marketing agencies. We work against marketing briefs delivering content on time and under budget.

how-i-started-a-80k-month-content-writing-business

8. Start an amazon seller business

How Much Can You Make?
$3,000 — $1,175,000/month
Average Initial Investment
$5,000
Skills

Case Study

My name is Omar Deryan, and I’m the founder of OJ Digital Solutions, an agency helping Amazon sellers create launch-ready killer product listings.

We handle the entire listing, from copy to graphic design. And as of today, we’ve helped over 3,000 sellers worldwide, and our agency makes around 60K USD per month.

how-i-make-720k-year-writing-amazon-product-descriptions

9. Start a private tutor business

How Much Can You Make?
$300,000/month
Skills

Case Study
  • Kat Norton (@miss.excel on Instagram and TikTok) enthusiastically imparts Microsoft Excel knowledge to people, companies, and educational institutions through her line of Excelerator Courses and specialized group training sessions.
  • Kat has over 1 million TikTok followers, which she has used to launch a successful software training company in just two years. After posting her first video in June 2020, she never had to look back.
  • In just 10 days, she gained 200,000 new Instagram followers and currently has 639K followers on the platform.
  • She typically earns between $250,000 and $300,000 per month, and once ,she made $100,000 in just 24 hours.

article

Listen to the full podcast on podcasts.apple.com ➜

10. Start a stock market research website

How Much Can You Make?
$2,133,000/month
Average Initial Investment
$150,000

Case Study

My name is Matt Paulson and I’m the founder of MarketBeat, a financial media company that empowers individual stock investors to make better trading decisions by providing objective financial information and real-time market data.

MarketBeat is expected to generate approximately $8 million in revenue in 2019 and end the year at about 1.3 million unique email subscribers.

how-i-started-an-8m-year-stock-market-research-website

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 it is possible to have your own physical store, 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 Can You Make?
$1,000 — $83,300,000/month
Average Initial Investment
$11,703
Skills

Case Study

What’s up Y’all! My name is Brian Wysong and I am the Co-Founder and Co-Owner of a Texas-inspired apparel brand called Tumbleweed TexStyles.

We also hire teachers to help us out with art, events and sales. We love to support students and teachers in any way we can.

how-two-teachers-started-a-t-shirt-business-doing-1-2m-year

12. Start an affiliate marketing business ($290K/month)

Are you looking for a side hustle that will 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 find the right brand to partner with. You may prefer becoming an affiliate marketer for an eCommerce store or partner with a manufacturer, and market their products for a commission.

How Much Can You Make?
$500 — $500,000/month
Average Initial Investment
$38,575
Skills

Case Study

My name is Spencer Mecham. In 2016 I first heard about an industry called affiliate marketing and in 2017 I founded Buildapreneur, an affiliate business.

my-affiliate-marketing-business-earns-500k-year-profit-no-employees

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, if you have a skill, you can turn it into a source of passive income by launching online classes. 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 gear you need to start creating online classes includes:

  • A good HD camera
  • Professional Lighting kit
  • Video editing software
  • Green screen
  • Script

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

How Much Can You Make?
$100 — $1,666,666/month
Average Initial Investment
$100
Skills
Business model

Case Study

Hey Everyone, my name is Rahul Alim and I am the founder of Custom Creatives, a Digital Marketing Agency that helps connect business owners with their dream client, AKA, The Peoples Agency.

Monthly revenue is often the indicator many people use to determine the success of an agency or individual. While I don’t disagree, I put more emphasis on the success of our clients and the fact that we retain clients for many years, and in our case, many for over a decade. We have consistently been over 7-figures year over year.

how-i-started-a-100k-month-digital-marketing-agency

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.

15. Become a real estate investor

How Much Can You Make?
$5,000 — $1,500,000/month
Average Initial Investment
$515,000

Case Study

I’ve been called many things in life - “window kid” (don’t ask…), Sasquatch (for obvious reasons), “the world’s most handsome man” (thanks Mom!), but “entrepreneur” was never on the list.

True, real estate might be a little boring. However, as I hope to convince you in the paragraphs that follow, this little investment firm is not what you might think, and more importantly, it’s something YOU can do as well.

how-i-bring-in-30m-year-investing-in-mobile-home-parks

16. Start a digital ebook business

How Much Can You Make?
$100,000/month
Skills

Case Study

Steph Perez is the founder of YaGirl Steph Perez. She is a live digital business mentor, coach & guide.

Steph made over $26k in just one week through her consulting business.

Her company provides digital business training for indie entrepreneurs seeking to turn their passions, interests, expertise, and experiences into six-figure bank deposits.

With all the expertise she possesses, Steph primarily focuses on assisting women in achieving financial independence, working toward their objectives, and becoming successful business owners.

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Watch the full video on youtube.com ➜

17. Start a business plan writing business

Another business idea you can start is helping entrepreneurs write business plans. You can create a subreddit community targeting people looking to start a new business and educate them on the importance of writing a business plan when starting a new business.

How Much Can You Make?
$42,857/month
Average Initial Investment
$35
Skills

Case Study

I'm Vaibhav Kishnani, an engineer but a passionate writer by profession. I established Content-Whale in 2017 when I was in my third year of engineering. Going by the maxim that quality writing is everything, Content-Whale caters to 42 different content types that form the backstory of every company’s digital presence and marketing efforts.

I started this content agency with a mere sum of Rs. 2,500. Today, we have drawn a revenue turnover of Rs. 4 Crores! In my opinion, it is not individual progress. Instead, a start-up is about connecting with the right individuals at the right time, who keep the show running ahead with their strife for perfection.

how-we-started-a-514k-year-content-curation-agency-with-just-35-from-india

18. Become a blogger

If you are looking for a career change, a great idea would be to start your own blog. Blogging is a job that you can do from anywhere in the world.

Anyone can become a blogger. The best part is that you don't need any special talent or previous experience. Becoming a blogger can be one of the most fulfilling careers you could ever embark on.

How Much Can You Make?
$10,000 — $25,000/month
Skills

Case Study

Raffaele Di Lallo is the founder of the houseplant blog website Ohio Tropicswhich he started around five years ago in 2017.

In 2021 his blog generated over 300,000 page views per month, translating into around $10,000 in revenue. About 80 to 90% of the revenue comes from display ads, and a small portion is generated from affiliate commissions.

As he managed to draw a six-figure income from his blog Raffaele has finally decided to leave his day job and work full-time on Ohio Tropics. He has also written a book on houseplant care tips named Houseplant Warrior, which is available both in hardback & eBook.

Raffaele is using Mediavine to display advertisements on his website. Raffaele stated that he has increased his ad revenue by utilizing some of the tools and analytics provided by Mediavine.

His blog’s RPM (revenue per thousand impressions) varies throughout the year. On a good month, his RPM is in the $50-$60 range, though a $40 RPM is closer to his average.

Raffaele includes links to Amazon products that he has personally used and recommends on his blogs, but this is not his primary focus.

He is responsible for all of OhioTropics' content production. Once he tried to hire a content writer, he was not 100% satisfied with the outcome and decided to manage things independently.

Raffaele likes to share his experiences with cultivating and caring for houseplants, which is challenging to outsource.

The founder has 165k followers on Instagram, and last year, one of his posts drew the interest of a significant plant company. Along with expanding his blog's content, Raffaele wants to expand his YouTube channel, Ohio Tropics Houseplant Care.

Best Strategies Raffaele Used To Grow His Blog

  • Writing informative content that answers people's questions
  • Updating old posts & creating new content
  • SEO
  • Using Ahrefs for keyword research (low competition, high volume search terms)
  • Google Search Console to grab new keyword ideas
  • Focusing on what generating revenue

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19. Start a podcast ($34.9K/month)

Do you have knowledge and passion that you'd love to share with other people? Or perhaps you are a content creator and looking for ways to expand your revenue streams? If you match any of these criteria, then becoming a podcast host could be the perfect opportunity for you.

Podcasts are the new radio. Podcasting is one of the fastest-growing mediums for online audio, and it's not expected to slow down any time soon. But unlike traditional radio, podcasts are driven by content creators who have a passion for sharing stories with their listeners.

One of the main benefits that come with starting a podcast is the minimal investment needed to get started. All you need is a computer or phone with a microphone and a way to host it online. You can even create one on your own website if you want.

How Much Can You Make?
$419 — $1,020,000/month
Average Initial Investment
$4,187
Time To Revenue
90 days
Time Commitment Per Week
Min. 2 hours/week
Skills
Interests
Business model

Case Study

Hey there! I’m Jeremy Enns, the founder and Storyteller In Chief at Counterweight Creative, a podcast production and strategy agency.

I started the company 3 years ago, in 2016 with one client, making $15/hour and have grown into a team of 10 contractors producing more than 30 shows per week with revenue of over $10K/mo.

how-i-started-a-successful-podcast-production-company

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. 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 an extra income.

If you are looking 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 Can You Make?
$800 — $4,500,000/month
Average Initial Investment
$1,966
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

I am Chhavi, the founder and owner of the blog and YouTube channel Mrs Daaku Studio along with my husband Amit.

Our blog, YouTube channel, and products are designed to help you achieve what we have (...and, more).

how-this-couple-makes-5k-month-generating-content-about-ways-to-make-money-online

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 Can You Make?
$5,500 — $150,000/month
Skills

Case Study

Hello, my name is Kamil Sattar. I am an entrepreneur who’s developed many six-figure drop shipping businesses. I’ve also created systems to maximize opportunities in different markets and I’ve started companies in many industries. One of those companies specializes in helping people who are seeking to create drop ship companies of their own.

Of course, with every store that I open, I am able to learn new things. With every new thing that I learn, it helps me improve my system that I use to create these six and seven-figure stores and it helps me improve my process for helping others generate their stores.

how-i-started-a-100k-month-business-mentoring-dropshipping-entrepreneurs

22. Start an ecommerce operating system

How Much Can You Make?
$1,060,000/month
Skills

Case Study

AJ Orbach, Maxx Blank, and Ivan Chernykh founded Triple Whale, an operating system for eCom.

Triple Whale Shopify brands with an all-encompassing operating system that helps them simplify the data make informed decisions, and save plenty of time & energy.

One of the three founders, Maxx Blank, has had six years of prior knowledge of running an e-commerce business and initially decided to build a summary dashboard to help with his e-com company.

The company was founded in 2021, Triple Whale is headquartered in Columbus, Ohio.

In just one year of operation, Triple Whale Inc. has more than 2,500 Shopify merchants as clients and is expanding by about 30% month-on-month revenue.

article

Listen to the full podcast on listennotes.com ➜

More business ideas

  • 23. Start a financial auditor

24. Start a tax service business

How Much Can You Make?
Skills
Business model

Case Study

Hi there! My name is Carl and I am one of two co-founders of the startup Divly. We help our customers calculate and pay taxes on their cryptocurrency gains. We’ve built a system that can import transactions from 100+ wallets and exchanges, automate tax calculations for thousands of transactions, and provide on-demand tax reports localized for their tax jurisdiction.

Now that we are happy with the performance of the product we have begun expanding into many more jurisdictions for the 2023 tax season. With a strategy around hyper-localization, we are hoping to expand in a market that is getting quite competitive.

how-we-built-a-100k-year-crypto-tax-saas-in-just-1-year

More business ideas

  • 25. Start an eteaching business
  • 26. Start a virtual accounting business
  • 27. Start a virtual reality professor business
  • 28. Start an excel consultant
  • 29. Start a virtual tutoring business
  • 30. Start a remote patient examination business
  • 31. Start a tax consulting business
  • 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.

Pat Walls,  Founder of Starter Story
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meet the author
Ales Wilk

Hi, I'm Ales. I love creating content that helps people - whether it's through my work as Head of Content at Starter Story or my own portfolio of content sites.