How to Get Rich as a Lawyer? (28 Proven Ways in 2022)

How to Get Rich as a Lawyer? (28 Proven Ways in 2022)

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 Can You Make?
$230,000 — $1,500,000/month
Average Initial Investment
$2,000
Time To Revenue
240 days
Skills
Business model
Work from home

Case Study

SeedLegals is the largest, fastest and most reliable way to close a funding round in the UK.

how-we-built-a-software-that-automates-startups-legals

2. 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

3. 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

4. Become a virtual assistant ($400K/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. Figure 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 Can You Make?
$1,000 — $850,000/month
Average Initial Investment
$4,200
Time To Revenue
180 days
Skills
Business model

Case Study

Hi, I am Julmar Grace Locsin, and I am the owner and co-founder of Filipino Virtual Assistance by FVA Business Consultancy. FVA offers online and offline training, coaching, consulting, workshops, services, franchising-related virtual assistance, offshoring, outsourcing, and remote work for brands and businesses, here and abroad.

Our very mission is to equip freelancers, empower marketers, and enable businesses. We envision FVA for global digital leadership that will impact the world through digitalization, one life at a time. FVA has three arms, namely FVA Online Academy- have trained 25,000 students from our 31 courses, FVA Services- from training to hiring programs, and FVA Franchising with 16 Coaches assigned from different territories. And we are fifteen in the FVA team, including FVA co-founder Jay Locsin and me.

on-starting-a-business-training-virtual-assistants

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 Can You Make?
$2,000 — $50,000/month
Average Initial Investment
$500,000
Skills

Case Study

My name is Brett Owens and I am the Founder and Chief Matchmaker at Afluencer. We match Brands with the best Influencers to promote their products. And likewise, we help Influencers (from Nano to Micro to Mega), Creators, and Ambassadors find “Collabs”, which are paid gigs being offered by Brands.

Here’s an excerpt from our latest influencer newsletter where we talk about the latest pay-per-post opportunities being offered in our app:

i-created-a-two-sided-marketplace-that-helps-brands-find-influencers

6. Start a catering business ($20K/month)

A catering business is responsible for providing food & beverage-related services for a 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. If you want to start a successful catering business , you'll need to plan and prepare menus, manage budgets, handle clients, and more. Catering also allows you to meet more people and show off your cooking skills.

How Much Can You Make?
$3,750 — $20,000/month
Average Initial Investment
$356
Time To Revenue
180 days
Skills
Business model

Case Study

Hi, my name is Nestor Nidome and I am the founder and owner of Elegante Catering. Serving the Inland Empire (San Bernardino and Riverside county) and now have expanded to serve all of Southern California. Our customers, mostly higher middle class, have enjoyed our delicious menu ranging from full service plated meals, made to order pasta bars to buffet-style menus such as Mexican fajitas bar and tacos.

Weddings because there is no higher compliment than to have the bride and groom come up to us complimenting us and letting us know how all their guests are raving about the food. As for corporate caterings we like to make it as simple as possible for them. We have 12 different menus they can choose from so that every month their employees enjoy a different menu. Plus once we have their information all they have to do is text us the Date, Menu, and Time they want. We understand that they have better, more important things to do than order food. This has allowed us to grow our monthly sales to $20,000.

how-i-found-success-with-a-20k-month-catering-company-after-starting-many-businesses

7. Start a lawyer training company ($300K/month)

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

Case Study

I’m Ali Katz (formerly Alexis Martin Neely), an attorney and creator of the New Law Business Model, which is a “re-training” company for lawyers who want to make a great living, have a great life, and do it by using their law degrees in a truly fulfilling manner serving families and/or small business owners as we teach.

Some of our amazing lawyers after one of our advanced small group intensives learning the art of connection for more, better client engagement in Boulder, CO

how-i-created-a-3-7m-year-new-business-model-for-lawyers

8. Start a law firm ($5M/month)

How Much Can You Make?
$5,000,000/month
Skills

Case Study

I’m Brian White. I started the Houston based law firm, Attorney Brian White Personal Injury.

Through hard work, relentless advocacy for our clients, and extreme preparation, we have grown our business from a boutique law firm with a scrappy reputation to capturing a large share of the competitive Texas legal market capturing tens of millions of dollars of market share per year.

how-i-started-a-5m-month-law-firm-focused-on-personal-injury-cases

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 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

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 Can You Make?
$450 — $24,000/month
Average Initial Investment
$125
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

Hey, I’m Lacy and I’m a content strategist, author of the bestselling Kindle ebook Make a Killing With Content, and the Director of The Content Direction Agency. We specialize in done-for-you content strategy and writing retainers for the content between launches or promotions that helps businesses grow, nurture, and prime their audience to say “hell yes!” before they ever see the offer.

Over the past 9 years, we’ve helped hundreds of business owners create bespoke content strategies to consistently drive quality traffic to websites, increase monthly email leads by 300% or more, improve search engine rankings, enroll dozens of clients per month into membership programs, support multi-six figure launches, and drive millions of views of our articles.

i-make-300k-year-with-a-team-of-ghostwriters-that-create-content-for-brands

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 Can You Make?
$10,000 — $375,000/month
Average Initial Investment
$15
Time To Revenue
300 days
Skills
Business model

Case Study

I work with a group of artists and developers who are making tools for other artists. If you need royalty-free music, video effects, graphics, or sound assets, we’ve got you covered.

ProductionCrate got its reputation from our VFX library, FootageCrate. That’s our flagship product, and where most of our million-plus users first found us. Filmmakers don’t just need one asset, though. As soon as our users realize we have all kinds of production resources, they’re downloading everything they need to make their project awesome.

i-bootstrapped-a-600k-year-video-production-company-10m-downloads

12. Start an educational blog ($1.1K/month)

How Much Can You Make?
$1,100 — $5,000/month
Average Initial Investment
$1,686
Skills
Business model

Case Study

Hey! I’m Pete, I live in Scotland and I started No CS Degree. It’s a website a lot like Starter Story where I interview self-taught web developers that don’t have a Computer Science degree but have still made successful startups or found well-paying jobs. I was working in bookies before but someone threatened to stab my boss, so I thought I better quit and make a website instead!

The main ways I monetize the website are by getting coding boot camps to sponsor articles featuring their successful students and by having developers with tech products to sponsor my newsletter. I’ve gone from lows of a few hundred dollars to earning over $2,500 in one month. Overall the average monthly revenue is $1,100. I also have a job board for self-taught web developers and a boot camp directory where you can find the best coding boot camps. I’m working on combining those two with the main No CS Degree website.

how-i-started-a-1k-month-blog-and-newsletter-sharing-stories-from-self-taught-developers

13. Start a food delivery business ($206K/month)

In the present day'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 the restaurants deliver food to their customers.

If you have a truck, you can offer retail food delivery services to restaurants within your locality. Customers make orders through a restaurant or grocer’s website, and the owners contact you to make the delivery.

How Much Can You Make?
$4,000 — $83,333,333/month
Average Initial Investment
$5,375
Skills

Case Study

I started my career at the world-famous Century Plaza Hotel in Los Angeles Apprenticing under Certified Master Chef Raimund Hofmeister.

Food Fleet’s growth Year after year has been at an at over 30 %. From 2017-2018 we had an unprecedented 160% growth spurt. With a team of 6, including my partner and I, we managed over 20 million in sales for our clients. As an example. We took over a convention center 3 years ago managing their food truck business. For their largest event of the year, we were up 53% over the previous year. I honestly would have to equate some of that success to the under-reporting of sales by the previous operator. But the following year we were up 19% from that figure and again close to that this year. That is due in large part to our understanding of transaction times, menu mix, the equipment in each truck or pop up and other factors.

14. Start a sports skills coaching business

How Much Can You Make?
$16,000/month
Skills

Case Study

My name is Jay Fuller, I’m one of three co-founders of athlo agncy. – a personal branding startup for the anonymous college athlete navigating NIL (Name, Image, and Likeness). Our flagship product is a personal branding workshop, pre-recorded in a MasterClass-like format. Facilitated by my other two co-founders – Aly and Isaac Nauta (brother and sister).

We’ve been able to add athlo ambassadors, participate in an event with UGA baseball and a sports accelerator, and have two on-campus workshops scheduled this summer with two different universities.

on-starting-a-business-helping-student-athletes-monetize-their-personal-brand

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 Can You Make?
Skills

Case Study

16. Start a law & lawyer information business ($150K/month)

How Much Can You Make?
$150,000/month
Skills

Case Study

My name is Ross Albers. I’m the CEO of Albers & Associates. We are a personal and professional development company that happens to practice law. Our attorneys and support staff represent clients in criminal, family, and personal injury matters.

A lot of our firm’s growth has been through the merger and acquisition of other practices. We seek out firms where the attorneys want to focus on practice law and not managing the business. We have the vision to create a $150,000,000 business with thousands of people across the country.

how-i-started-a-150k-month-law-firm

17. 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

18. Start a custom app development service ($200K/month)

How Much Can You Make?
$10,000 — $700,000/month
Time To Revenue
360 days
Skills
Business model

Case Study

Hello, my name is Michael Georgiou, and I serve as a Co-Founder and CMO at Imaginovation. We are an award-winning technology and app development company located in Raleigh, NC.

Since 2011, we have grown an average of over 40% in revenue every year. We have won several credible tech awards, such as AVA Digital Awards, IMA 2017 Award, The American Business Award, and NC Tech Award for our innovative services. We have also been featured in top publications such as Entrepreneur, VentureBeat, Goalcast, Business.com, and Foundr.

how-i-started-a-150k-month-app-agency-that-works-with-the-fortune-500

19. Start an online tutors business

How Much Can You Make?
$25,000 — $60,000/month
Skills

Case Study

Kalyan Mazumder founded Prepmedians on the premise that every student should enjoy prepping time studying for the SAT/PSAT/ACT.

Kalyan uses his background as an actor to create interesting, funny, and interactive videos that will help people learn without the monotony of a conventional classroom.

After watching a video created by the team just once, students show a 9% statistically significant improvement in their baseline question sets.

To date, Prepmedians has assisted millions of students across the globe to accomplish their dream scores.

They use TikTok as one of their main social media channels to connect with people and build a community of Prepsters. Currently, Prepmedians has $361K followers on TikTok and 7.4M post likes.

article

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

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

Print on demand is a business model that allows you to create, publish and sell books, images, and other creative work to interested customers. It is the easiest way to start your own business as a publisher and make money while you sleep.

Starting a POD (Print-on-Demand) business like a printing company, or a drop shipping website is an attractive option for many people. Sending out a printed product is not something you can do on your own, but you can make money from it.

There are thousands of POD(Print-on-Demand) businesses out there. With the increased popularity over the last few years, it's becoming easier to create and run your own POD(Print-on-Demand) business.

How Much Can You Make?
$200 — $3,000,000/month
Average Initial Investment
$525,000
Time Commitment Per Week
Min. 5 hours/week
Skills
Interests

Case Study

My name is Roy Kirchner, an entrepreneur from Odessa, Florida. After years spent in the automobile and marketing and advertising industries, I decided in 2014 to form a new company solely focused on emerging new technology, 3D printing.

I started my company with an initial, out-of-pocket investment of $65,000, and today we are averaging monthly gross sales of $330,000.

how-i-started-a-330k-month-ecommerce-specialized-in-3d-printing

22. Start an online academy business

How Much Can You Make?
$54,000/month
Skills

Case Study

Dr. Shirag Shemmassian founded Shemmassian Academic Consulting to provide students with professional academic counseling.

After years of providing his expertise for free, Shirag started charging for his services when he founded this consultancy in December 2013. Shirag charged his first paying customer $1,200. He had to edit 60-80 essays and spent countless hours helping the student, so his hourly rate worked out to be very low.

His proficiency is in advising students especially medical school applicants on which schools to apply to. Over time, this company has been able to generate $650k in revenue in a single year.

article

Read the full story on sidehustlenation.com ➜

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, as well as helping 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.

Average Initial Investment
$1,500
Skills

More business ideas

  • 26. Start a bartending service
  • 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.

Pat Walls,  Founder of Starter Story
Want to find more ideas that make money?

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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.