How to Get Rich as a Lawyer? (28 Proven Ways in 2024)
Are you a lawyer who is looking to get rich? If so, you're in luck! There are many ways to become wealthy as a lawyer.
This blog post will discuss the best ways to make money as a lawyer. So, whether you are just starting out in your career or have been working as a lawyer for many years, read on for some valuable tips on getting rich!
1. Become a business law consultant ($938K/month)
How much you can make: $80,000 — $1,500,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 400 days (?)
2. Start a tutorial blogging business
How much you can make: $10,000 — $100,000/month
3. 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
4. Become a virtual assistant ($340K/month)
Virtual assistants support businesses, teams, or individuals by performing administrative tasks remotely. As businesses these days tend to outsource their tasks, the demand for virtual assistants is growing rapidly.
Becoming a virtual assistant is flexible, as you can choose a work schedule and location at your convenience. Many virtual assistants have a dedicated home office where they work in a quiet and distraction-free environment.
To become a virtual assistant, identify a niche you like and undertake any training. Then, figure out how much to charge your customers and create an online presence where you can apply for jobs. As a virtual assistant, you can define your work schedule depending on your availability.
How much you can make: $1,000 — $1,000,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
5. Start an online influencer business ($2K/month)
An online influencer business is a company or service that gets products or services sold through popular online users. It can be a very lucrative form of marketing.
As technology has advanced, more and more influencer businesses are starting to rise. These are people or companies who become famous for being influential on various topics.
More and more companies are investing in online influencer marketing because this channel is successful for new product exposure or for sharing news about a brand through voice-overs on popular online videos. You can work with these online influencers in different ways including the use of affiliate marketing or product embeds with sponsorship.
How much you can make: $2,000 — $50,000/month
How long does it take to build: 295 days (?)
6. Start a catering business ($20K/month)
A catering business is responsible for providing food & beverage-related services for vast types of events.
Catering businesses are known to be more flexible than other businesses because they don’t have to worry about location or pricing and can even work 24/7. They can cater anywhere and offer any price point that they want.
However, starting a catering business requires a lot of planning.
To start a successful catering business , you'll need to plan and prepare menus, manage budgets, handle clients, and more.
In addition, catering allows you to meet more people and show off your cooking skills.
How much you can make: $3,750 — $48,333/month
How much does it cost to start: $500 (?)
How long does it take to build: 90 days (?)
7. Start a lawyer training company ($300K/month)
How much you can make: $300,000/month
8. Start a law firm ($5M/month)
How much you can make: $80,000 — $5,000,000/month
How long does it take to build: 7 days (?)
9. 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 (?)
10. Become a ghost blogger ($12.2K/month)
A ghost blogger is simply a writer who specializes in producing blogs for other people.
As a ghost blogger, you can earn between $300 and $1,500 per week, depending on word count and topic.
Ideally, the ideas and knowledge contained in the article originate from the publicly named author.
Therefore, as a ghostwriter, your role is to put the ideas into words.
How much you can make: $450 — $24,000/month
How much does it cost to start: $125 (?)
How long does it take to build: 62 days (?)
Time commitment per week: Min. 5 hours/week
11. Start a youtube video creation business
In today's digital world, YouTube channel has become an essential marketing tool. YouTube is the top video marketing platform for brands looking for paid and organic growth through video content. Businesses hire video creators to help them record, edit and upload YouTube videos.
Are you a videographer with an interest in YouTube marketing? Consider starting a YouTube video creation business.
To start your business, register a brand name and create a website and a YouTube channel. Use the YouTube channel and the website to sensitize your target customers on the importance of video marketing.
Potential customers include new and existing startups, individuals, celebrities, and organizations looking to use YouTube video marketing to grow their reach.
How much you can make: $10,000 — $375,000/month
How much does it cost to start: $15 (?)
How long does it take to build: 7 days (?)
12. Start an educational blog ($1.2K/month)
An educational blog business involves creating a website where you share informative content on a specific subject to educate your audience.
To start on a budget, choose a niche you're knowledgeable and passionate about.
Create quality content using free platforms like WordPress or YouTube.
Promote your blog on social media and through SEO techniques, and consider monetizing it with methods like affiliate marketing and selling digital products once you have a steady flow of visitors.
Consistency and providing genuine value are crucial for success.
How much you can make: $1,200 — $5,000/month
How much does it cost to start: $200 (?)
How long does it take to build: 60 days (?)
13. Start a food delivery business ($206K/month)
In today’s busy lifestyles and schedules, cooking is no longer a priority to many. People like to order-in food from their nearest restaurants or food joints and enjoy a meal in the comfort of their homes.
The food delivery business is like a courier service through which restaurants deliver food to their customers.
You can offer retail food delivery services to restaurants within your locality if you have a truck. Customers order through a restaurant or grocer’s website, and the owners contact you to deliver.
How much you can make: $4,000 — $83,333,333/month
How much does it cost to start: $2,750 (?)
How long does it take to build: 90 days (?)
14. Start a sports skills coaching business
Unleash your passion for sports and help others excel in their favorite games by starting a sports skills coaching business. Partnering with individuals, schools, or sports clubs, you can offer personalized training to help athletes improve their performance and achieve their sports goals.
Your deep understanding of the game, strategic insight, and ability to break down complex techniques will be invaluable. No two days will be the same as you're constantly tweaking training plans, responding to individual progress, and witnessing the exciting growth of your athletes.
Expand the scope of your sessions beyond just skill development. Include fitness, nutrition, and psychological strength training. Your enterprise could become the guiding light athletes need to reach the next level of their career. Wrap your life around the exhilarating world of sports and inspire others with your passion and expertise.
How much you can make: $16,000/month
15. Start a swimming pool rental business
Starting a swimming pool rental business can be an exciting and rewarding experience. Pool owners are looking to rent their pools out during the off-season to recoup some of their costs.
Landlords or condo owners may want to earn an additional revenue stream from the swimming pool property they own. The swimming Pool Market size was valued at $3B in 2019 and is projected to reach $3.6B by 2027. The presence of developed infrastructure and the thriving wellness tourism industry will facilitate the swimming pool market growth.
How much you can make: $8,333/month
16. Start a law & lawyer information business ($150K/month)
How much you can make: $15,000 — $150,000/month
How much does it cost to start: $1,750 (?)
How long does it take to build: 22 days (?)
17. 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 (?)
18. Start a custom app development service ($200K/month)
How much you can make: $10,000 — $700,000/month
How long does it take to build: 80 days (?)
19. Start an online tutors business
Online tutoring is a growing business idea that provides academic assistance and support to students through the internet. This can be done through one-on-one sessions, group classes, or pre-recorded video lessons. Online tutors can specialize in a specific subject or offer tutoring services for various subjects.
To start an online tutoring business, you must have a strong background in the subject or subjects you want to tutor. You will also need good communication skills and be comfortable using technology, as you will interact with students through video conferencing platforms or messaging apps.
To succeed in this business, you will need to be able to provide high-quality tutoring services that help students understand and retain the material. This may involve creating personalized lesson plans and materials, providing feedback and support, and being available to answer questions and provide guidance. You will also need to be able to market your services effectively to attract potential clients.
There are a few key steps to starting an online tutoring business:
- Determine your areas of expertise and the subjects you are comfortable tutoring.
- Develop a website or online platform to showcase your services and allow students to schedule sessions or access materials.
- Set up a payment system and establish your rates.
- Promote your services through social media, online classifieds, or networking with schools and educational institutions.
- Provide high-quality tutoring services that meet the needs of your students and help them succeed academically.
To succeed in this business, you will need to be organized, reliable, and able to adapt to the needs of your students. You will also need to be able to communicate effectively and use technology to your advantage. With hard work and dedication, an online tutoring business can be a rewarding and fulfilling career choice.
How much you can make: $12,000 — $166,667/month
How much does it cost to start: $70 (?)
20. Become a labor & employment lawyer
Labor and employment lawyers represent employers and employees in disputes and negotiations. The professionals focus on industries with labor unions and specialized rules and regulations.
Employers/employees may want to consult a labor lawyer if they are threatened with a lawsuit based on mistreatment, unlawful overtime, discrimination, e.tc.
to become a labor lawyer, you must complete law school training and specialize in industrial / labor law. After the training course, you must work under an advocate to gain the skills and experience to serve independently.
21. Print on demand business
A print-on-demand business involves selling customized products without upfront inventory costs.
The business model utilizes dropshipping production and fulfillment services to print custom apparel, home goods, phone cases, and other merchandise one order at a time.
By leveraging online marketplace platforms like Amazon, eBay, and Etsy as virtual storefronts, print-on-demand sellers can focus on designing trendy and unique products while reaching global audiences.
With minimal startup costs and the freedom to run operations from home, launching a print-on-demand model empowers aspiring founders to monetize their creativity and build ascalable business at their own pace.
How much you can make: $200 — $3,000,000/month
How long does it take to build: 30 days (?)
Time commitment per week: Min. 5 hours/week
22. Start an online academy business
How much you can make: $54,000/month
More business ideas
- 23. Start a law blog
- 24. Start a law publication service
25. Start a cruise ship travel agent business
Cruise ship travel agents are professionals who work on board cruise ships. They are responsible for helping passengers plan their trips, make reservations for shore excursions, and assist them with any other travel-related needs.
Cruise ship agents may specialize in a specific area of expertise, such as booking tours or finding excursions that match the interests of the passengers. For example, if the passenger is interested in wildlife viewing or diving, then the agent might have extensive knowledge of which tours would be best for them to take.
The first step to starting a cruise ship travel agent is to find a cruise line you are interested in. The next step is to find out if the company has any openings for an agent. If they do, you will need to apply for the position. If not, you may need to wait until one becomes available.
How much does it cost to start: $1,500 (?)
How long does it take to build: 90 days (?)
26. Start a bartending service
Bartending service involves providing drinks and mixers to customers at events, bars, restaurants, and other venues. To start a bartending service, you must obtain a liquor license and hire trained bartenders.
It is essential to have a strong understanding of different types of alcohol, mixers, and popular drink recipes. Successfully operating a bartending service requires excellent customer service skills and the ability to handle high-stress environments.
Employment for bartenders is expected to grow by 9% from 2019 to 2029. To stand out in the competitive bartending industry, continuously educate yourself on new drink trends and techniques.
A bartending service can be a lucrative and rewarding business idea for those passionate about mixology and customer service. You can operate a successful bartending service by providing high-quality service and continuously learning and adapting.
More business ideas
- 27. Start a backpacking meals business
- 28. Start an affiliate marketing without website business
Frequently asked questions
Can you get rich as a lawyer?
If you're a lawyer, 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 a lawyer 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 a lawyer?
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 a lawyer 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
A lawyer can get rich by becoming a lawyer entrepreneur.
There are many opportunities for lawyers to start their businesses and become wealthy.
Lawyers can create their products or services or provide consulting services to other professionals in their field.
Lawyers who are successful in business have several things in common, including a willingness to take risks, an entrepreneurial mindset, and a dedication to excellence.
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
