Sure, billable hours are all well and fine, but the days are only so long and there are only so many of them until retirement. You work hard creating reams of content and spend hours in client development. Why not put all that hard work to work in other ways right nowto make you money even when you’re not working.It’s easier than you think to break the bonds of this earthly realm by creating new and recurring revenue for yourself with content you’re already creating.Here are 10 ways you or your law firm can turbocharge your present and future with new and recurring revenue streams.
- E-books: Compile blog posts and articles on a particular topic into an e-book that can be sold on your website or through online retailers. These are all the easier to write these days with Google voice to text or ChatGPT.
- Online courses: Turn educational content into online courses that can be sold to clients and other professionals in the industry.
- Webinars: Repurpose recorded webinars into on-demand content that can be sold on your website or through platforms such as Udemy or Skillshare.
- Podcasts: Use existing audio content to create a podcast series that can be monetized through sponsorships or ads.
- Video tutorials: Turn video content into tutorials or instructional videos that can be sold or used to generate leads.
- Consulting services: Use your expertise and content to offer consulting services to businesses or individuals in need of legal guidance.
- Workshops: Develop workshops or training sessions based on your content that can be sold to businesses or other professionals in the industry.
- Speaking engagements: Use your content and expertise to secure speaking engagements at conferences or other events, which can lead to new clients or revenue streams.
- Syndication: License your content to other publications or media outlets for a fee, generating passive income.
- Membership mentorship site: Develop a membership site that offers exclusive access to your content, resources, and services for a monthly or yearly fee.
These are just a few ways you can put content you’ve generated or are generating to work for you in ways that will pay you even while you sleep. The other benefit, of course, is all these possible new revenue streams are also opportunities to grow your reputation and reach more people, which will also likely attract new clients to your firm.So, what are you waiting for? Start creating new streams of revenue now and you’ll be freer from the demands of the clock and the client.
