No matter how high your salary is, everyone has to find ways to make extra money. Lawyers are no exception.
This article explores some of the best side hustles for lawyers that will allow you to earn a side income while still practicing law!
Real Estate Investing
Time is important for lawyers, real estate investing is an excellent option.
You can start out as a landlord, then if you have the capital to purchase and renovate properties, you could move on to flipping them for profit.
If you don’t want the headache you can also invest in REITS.
REITS are a type of stocks that invest in real estate.
All you have to do is buy the stock and then enjoy the payments.
Airbnb
Airbnb is a great side hustle for lawyers because you can rent out your unused space.
It’s one of the easiest way to make money and only takes up minimal time, too. You could be making $700 a week by renting out an extra bedroom or spare apartment!
Dividend Stocks
Dividend stocks are often a popular choice for those looking to supplement their income.
Dividends provide income on a quarterly basis and can help investors grow an investment account more quickly than other investments through price appreciation or growth in the company’s dividends over time.
The best dividend stocks for long-term investing include companies that pay out high yields and are expected to continue increasing the dividend over time.
Rover
Rover is a service that connects dog walkers and pet sitters to their clients.
The app has an excellent vetting process for its employees, which allows them to offer competitive rates on services.
This is ideal if you want someone in your home while you’re away but don’t have time to interview or train new people yourself.
It’s also a great way to have someone take care of your dog while you’re at work.
Uber or Uber Eats
This is a great side hustle for lawyers because it’s flexible in time and location, pays well, makes you meet new people.
You can work whenever works best with your schedule or deliver when you want to make money.
I recommend this one as the top side hustles for lawyers!
Consulting For New Lawyers
Lawyers often consider a career in law as their lifelong profession and may not know what to do with the rest of their lives after they retire.
There are many ways lawyers can use their skills once they’ve hung up the legal robes, but one interesting option is consulting for new lawyers. A lawyer who has retired from practicing law can lend their expertise to a new lawyer in need of advice and guidance.
In this role, the retired lawyer can give feedback on cases or offer general counsel on how best to proceed with certain tasks. They also may be able to advise new lawyers about life as an attorney outside the office.
This side hustle could make for one interesting transition into retirement and a way to stay close to the legal profession.
Online Legal Services
Online legal services is one of the best side hustles for lawyers because it allows you to work from anywhere, at anytime. Whether it’s in your office or a coffee shop, as long as you’ve got an internet connection and some type of computer device (you might need two if typing isn’t enough), then you’re good to go.
The best part is that there’s a huge demand for this type of service. It’s predicted to grow at an annual rate of 18% from 2015-2020, according to Statistica Market Research. This means you’re getting in on the ground floor with a business that has huge potential!
Upcouncel is a great place to start. It’s a platform where you can take on legal consultations for the public and help them with their cases, whether it be immigration or law related issues.
Start a Blog
Not only can you make money off your blog, but it’s a great way to keep professional skills sharp. Blogging also provides an outlet for tech-savvy lawyers who want to write about developments in their field that may not be covered by any of the mainstream sources.
Many successful bloggers do this as a side hustle while still working in a traditional job.
Start a Youtube Channel
Similar to a blog, a YouTuber can teach others about a particular topic and share their knowledge with the world. If you’re passionate about something, why not create content on it?
A lawyer could create videos answering common legal questions for non-lawyers or provide information to other lawyers on how to start their own law firm. With over two billion YouTube users worldwide, there’s a huge audience for your videos.
Podcasting
– You can create your own podcast and sell advertising during the podcasts.
– Podcasts are often downloaded by listeners on demand so you don’t need an audience to start a business with this side hustle idea.
– The more popular topic of the podcast, the better chance for success in marketing it as a product.
– You can find individuals in the legal industry that are interested in podcasting and go to their events to get a captive audience.
You’ll be presenting your knowledge on a topic of interest, which will result in listeners coming back for more!
Create an EBook
One of the best side hustles for a lawyer is an ebook.
This way you can make money from a second revenue stream and you avoid the need to find someone else who needs your services in order to work these hours.
There are many ways that this income could grow, such as by creating more ebooks or teaching other people how to do the same.
The ebook is a great way to make passive income, which means that as long as you write the book there will always be some money coming in each month, even if it’s just $100.
Affiliate Marketing
Affiliate marketing is a good side hustle for lawyers.
Affiliates market products related to what they know or are passionate about, and earn commissions on every sale.
This could be anything from dog food to computers! Lawyers can use their knowledge of the law to help promote legal-related items through blog posts and social media content – such as the best deal on divorce lawyers, or a new book on property law.
Freelance Writing
Freelance writing is one of the best side hustles for lawyers because it’s a manageable skill that can be done from anywhere. You have to figure out what type of freelance writing you want to focus on and then start pitching articles to different websites or publications.
Bartending
If you want to make extra cash, bartending is a great side gigs. You’ll need to have some experience, but you can learn the rest on-the-job with your employer’s guidance.
Bartenders typically make $25-$35 an hour in tips, and it’s easy to find part time jobs that are only two or three hours per day during the week.
This is a great side hustle for lawyers who are looking to make some extra money in their spare time.
If you’re not sure of the best places to find bartending jobs, check out websites like Monster or Craigslist!
Tutoring Law Students
-Become a tutor for law students, or help them with editing papers.
A lot of professors require all their undergraduate and graduate students to have a personal tutor if they are struggling in class. You can also teach them how to write better essays by looking at an example essay you wrote, then walk the student through it step by step.
Public Speaking
Public speaking is a great side hustle for lawyers, especially those with experience giving presentations. Many law firms are willing to pay their attorneys to speak at conferences and events on behalf of the firm. And when you’re not being paid by your company, you have more freedom in terms of what topics you can talk about—you don’t have to stick with speaking about the latest legal developments or routine procedures.
The first step is to start by building your portfolio of speeches, which will be a mix of topics that you want to speak on and those that law firms are willing to pay for. Once you’ve got some presentations under your belt, it can help to start reaching out to local conferences and event organizers.
You can find a list of upcoming events on websites like Eventbrite, Meetup or The LII’s Conference Calendar. You can also use LinkedIn (make sure you have your profile set up) to reach out to people with conference organizing skills in the area who might be able to point you in the right direction.
Peer To Peer Lending
Peer to peer lending is a way for people with money saved up on the side and want to invest in something more risky than what they might be comfortable investing it into.
This kind of lending has been around since 2005, but until recently was not profitable enough for banks to get involved. Recently, Lending Club became one of the first peer-to-peer lending institutions to offer a traditional IRA account, so investors can now put money into this type of investment through their retirement accounts.
Conclusion
There are a lot of legal side hustles for lawyers to explore. You can take your expertise and turn it into an online business, or you might want to start a blog about what’s happening in the world of law. Whatever path you choose, make sure that it doesn’t interfere with your day job – because if not managed correctly, this could end up being a full-time job.
I hope this article has helped to get you started with your side gigs!
Take a look at our latest posts below:
- 9 Realistic Ways To Make Money Fast
- 9 Realistic Ways to Make Money Online
- How To Make Money Online By Sending Emails
- Can You Make a Living Off Of Amazon Flex?
- Should You Sell One Product Or Multiple While Drop Shipping?