Have you ever wondered if you can make money online as a lawyer? Are you even aware that lawyers can make money on the internet?
As a legal practitioner, you can use your skills in many ways apart from your main job. The internet gives you room to expand your skills to a global audience. You can help clients anywhere in the world while sitting on your sofa, in your PJs, with your laptop.
Lawyers are not used to the work-from-home lifestyle due to the nature of their job. Thanks to the advancements in technology, the use of legal expertise can be applied in different areas. Also, some mobile applications and sites allow you to offer your legal services irrespective of where you are, provided you have a PC and a stable internet connection.
This guide will reveal some ways through which you can increase your earnings by making use of the internet.
Blogging can be a great way through which you can earn passive income as a lawyer. You can set up a blog where you teach your audience about your legal practice. You can also share opinions about ideas that you have. Through these, you will be able to attract an audience and can also monetize your knowledge.
By offering valuable content that contains strategies that work, you can earn as much as $1000 per month.
For instance, let’s assume you are a transactional lawyer. You can teach your audience about the legal requirements of different transactions, attract a targeted audience, monetize the blog, and earn passive income. This can help you attract high-quality clients to your business and can also portray yourself as an expert in your niche.
Don’t forget that it is not easy to build a successful blog. The most challenging part of building a blog that generates passive income is getting the blog to the monetization stage with traffic that is enough to sustain it. For you to generate passive income from your blog, you need to create quality content regularly, attract targeted traffic, and grow your audience.
There are different ways that you can use to monetize your blog. You can do this by placing ads and ad posts, lead generation, affiliate marketing, and selling physical and digital products amongst others.
Read Also: How To Make Money Blogging
If you don’t love writing, you can also share your knowledge through podcasting; this involves recording podcasts (audio files) and sharing them with your audience. By using the right strategies and sharing valuable content, you can have a successful podcasting side hustle that generates at least $6,000 per month.
For instance, if you are an intellectual property lawyer, you can create and post different podcasts about numerous topics on intellectual property. When you start generating traffic to your podcasts and growing your listeners, you can then start monetizing your content and generate passive income from the podcasts.
Building a successful podcast business may seem daunting when you’re just getting started. The most challenging stage is monetizing the podcasts. To monetize your podcasts, you need to share high-quality content as this helps to attract quality traffic that will grow your audience.
You need to find time in your busy schedule to create, post, and promote your podcasts, and also monetize your podcast so that you can earn a passive income.
Although the idea of making at least $6,000 every month from podcasts sounds enticing, it involves a lot of work. You can outsource the podcast creation to voiceover artists on Fiverr. This will give you more time to focus on creating quality content.
You can monetize your podcasts by placing ads, promoting affiliate offers, selling products, and lots more. You can also earn from fees paid for premium memberships.
You can also make money online as a lawyer by creating video content. At the moment, YouTube is the king of video content. You can easily monetize your YouTube channel and earn good passive income from it when you apply the right strategies and share useful content.
Each of the videos you upload on your YouTube channel is an asset that you can monetize in different ways. Some of the monetization strategies include affiliate marketing and lead generation. YouTube is also a great way to portray yourself as an authority in your industry.
If you are an immigration lawyer, you can create a YouTube channel where you will upload videos where you will teach your subscribers about what you know in this field. You can then drive traffic to the videos, advertise your channel, and also grow your audience.
You need to have at least 1000 subscribers and 4000 hours of watch time for your channel to be monetized.
Building a successful channel is not a child’s play. You must share quality content and must also grow your subscribers. With these in place, you can easily scale through the hardest part which is qualifying your channel for monetization.
Check out Audit The Audit YouTube Channel for inspiration.
4. Building Niche Websites
A niche website refers to a blog that is designed to meet the needs of a specific audience. This form of website attracts a specific type of audience, such as a specific group of legal enthusiasts. Your audience will share common interests, thus your site must be a go-to source of specific information that your audience needs.
If you can hit 30,000 views on your web page every month, you can earn at least $1,000 per month. A successful niche website can make you more than $7,000 within the first two years. You can learn about the monetization strategies taught by Income School’s Project 24 to find out how you can earn this figure.
For example, if you are a real estate lawyer, you can target your niche site to those that need the services of a real estate lawyer (instead of focusing on real estate in general). Let’s assume your niche site is about real estate laws in New York, it means anyone that wants to know more about real estate laws in New York will land on your website.
In a nutshell, a niche website will help you stand out from the competition. This is useful because it drives targeted traffic to your website and will also help you grow your audience and generate quality clients for your legal practice.
Don’t forget that people will visit your website to find out more information about a particular topic, so it is important to offer unique and high-quality content that your audience will be able to easily understand. As the traffic to your website increases, you can monetize your site through ads, selling products, affiliate marketing, email marketing, and lots more.
Monetizing your website through these means will help you earn passive income.
5. Affiliate Marketing
Another method that you can use to make money online as a lawyer is through affiliate marketing. This involves promoting and selling a product that relates to your niche through an affiliate website. You will earn income through commission earned on sales that are made via your affiliate link.
The right product and marketing strategies will help you to earn a great amount of passive income through this method.
For instance, if you have legal products (in form of books, videos, stationery, etc.) that lawyers will benefit from, you can register on affiliate programs, such as Amazon Affiliates, PeerFly, and Commission Junction, to promote the products and earn commissions on each sale.
Affiliate marketing is lucrative, but it entails a lot of work. To be a successful affiliate marketer, you need to identify a great product, promote it effectively to your audience, and share valuable content about the product.
If you offer good and useful content, you will earn your audience’s trust because they will see you as an expert. Your audience will trust your opinion, ensure you promote the products passionately, and ensure your content answers their questions.
Read Also: How To Make Money With Affiliate Marketing
6. Information Marketing
You can earn a decent income as a lawyer through information marketing (such as selling ebooks). One of the best ways of earning passive income is through creating and selling ebooks. If you don’t have the time to create ebooks, you can outsource them to freelancers on Fiverr.
As long as you provide compelling content and your audience needs what you are selling, you will earn a good income. All you need to do is to identify a topic, create compelling content that your audience needs, and you will be able to earn passive income when your boost starts selling.
The best part is that selling ebooks is a good way to earn passive income. A ghostwriter can help you handle tasks like writing, editing, and publishing, while you focus on other tasks. You can also sell your ebook on Amazon’s Kindle Direct Publishing platform. This site allows you to write, publish and sell your ebooks for free.
Also, you can make use of websites like Ecwid to sell your legal ebooks.
Freelancing is a great way that you can use to make money online as a lawyer. Some platforms that you can use for this purpose include:
This is an online legal marketplace that is meant for clients that want to hire lawyers for small tasks or get legal advice on the internet. The site offers services for small businesses, law firms, start-ups, etc. without charging extra fees.
UpCounsel allows you to showcase your expertise to potential clients.
To use UpCounsel, simply create your profile and wait for it to be approved. Once you are approved, review the tasks posted on the site and apply for them. The clients will choose the legal services they want and they will post what they need help with. You can then apply for these tasks by sending your proposals and your charges.
Talking of rates; you can specify your rate based on the type of services you offer and your expertise. The clients will choose the lawyers they believe suits their needs. You can earn between $120 and $150 per hour on this platform.
Another freelancing platform for lawyers is LawTrades. Lawyers can use this website to find freelance projects that clients need help with. It is a message-based site that clients use to find legal assistance at fixed rates. The site allows individuals, businesses, and start-ups to post legal tasks online.
LawTrades does not accept all the candidates that apply to work on freelance projects. The available positions are advertised online and you can apply for any of the positions. Once you are selected, you will be included in their pool of potential candidates for hire.
Unlike UpCounsel, you cannot apply for jobs by yourself on LawTrades. Once the clients post their requirements, the system will match lawyers that best suit the job. This eliminates the stress of finding the best candidate from the client.
Read Also: How to Make Money as a Virtual Assistant
How much passive income can you make as a lawyer?
The amount you can make depends on the type of income stream that you have access to. Some streams of income can earn you more income than others. The most important thing is to choose a stream that you can do with ease.
You can also combine two or more streams (for instance you can run a blog, open a YouTube channel, and sell legal eBooks online). This will help you earn more income.
Can you earn passive income after retiring as a lawyer?
Yes, you can. There are many ways through which you can earn passive income online after retiring from legal practice.
Some ideas include blogging, operating a monetized YouTube channel, creating niche websites, and lots more. Your choice depends on what you are willing and capable of doing.
The internet is changing the way we do business and lawyers are not left out.
Lawyers that are interested in building a successful legal career should leverage the internet to expand the reach of their legal practices.
Nothing stops you from making money online as a lawyer. Earning more from the internet will not dent your image as a lawyer. Instead, it will help you to reach a wider audience and also improve the quality of your services.
Which of the methods discussed in this will you use to make money online as a lawyer?
How will you use the method to expand your income?
Thanks for reading.