Make Money in Cyber security – One of the most profitable technology disciplines of the twenty-first century is Cybersecurity. Many people desire to get a job and establish careers as it expands. On the other hand, a 9-5 job is only for some; even for those who do work, many people desire a side hustle to supplement their income and provide financial security. There are methods to generate money from Cybersecurity without being actively involved if you’ve worked in the field or are interested in it. To assist you, I’ve compiled a list of ways to earn money in the cybersecurity profession without working full-time.
How Do Cybersecurity Companies Make Money?
Due to the tremendous expansion in data and computer use, as well as the hacking and Cybersecurity threats that those computer systems have attracted, cybersecurity organizations have become far more critical since the turn of the century. Many people, particularly those interested in a cybersecurity job, are curious about how cybersecurity firms make money. In this essay, I’d like to explain.
So, how do cybersecurity firms make a profit? Outsourced technology support, managed services, software tools, penetration testing, systems auditing, vulnerability research, and consultancy are just a few of the services that cybersecurity organizations provide to their clients. Companies specializing in Cybersecurity may do so in one or more of these areas.
Anyone considering a career in Cybersecurity should learn more about the various types of cybersecurity organizations that exist and what they do so that they may be better prepared when they join one of them or even establish their own.
Let’s take a look at some of the numerous sorts of cybersecurity services available.
10 Ways To Make Money From Cybersecurity in 2023
1. Working as a Consultant on Your Own
A consultant is the most obvious way, but it is also one of the most lucrative. As a consultant, you assist firms as self-employed businesspeople and give experience in a specific area. Penetration testing, vulnerability assessments, automation engineering, and so on are examples of this. Typically, people will work as consultants in the industry in which they previously worked. If you don’t have work experience, you can always start small and work your way up; work experience is optional.
2. Auditing for security
If you have auditing experience, this might be a lucrative method to earn money without working full-time at a company. For compliance reasons, many businesses require audits once or twice a year. If you specialize in a specific law, such as GDPR or HIPAA, you may market your services by coming in and assisting businesses with audit preparation.
3. Writing for a living
Many businesses require cybersecurity content to be developed for their websites. Content could be in the form of blog entries, whitepapers, or marketing collateral. Content can be an excellent method to get additional money if you’re good with words and language. Those with cybersecurity experience are frequently given preference, which can be advantageous if you have worked in the field. It is not, however, a must. As a portfolio, I recommend publishing free articles (guest posting) on other websites or beginning your blog. It will be much easier if you do that and use it while pitching to clients.
Sales is an excellent way to make money in Cybersecurity because it’s so simple to find a job if you’re prepared to work on commission. Suppose you have a sales or cybersecurity background. In that case, you should look for a company trying to sell a cybersecurity product and work on a commission basis selling that product to other people or businesses. People will be willing to hire you because you are not paid. Then it’s up to you to get out there and make it happen.
4. Stocks in Cybersecurity to Buy
If you, like me, enjoy investing in stocks, there are a slew of cybersecurity stocks to choose from that have performed admirably in recent years and are expected to continue to do so in the future. Unlike other industries, Cybersecurity has expanded due to the pandemic, making the industry’s prognosis quite positive and making it a worthwhile investment to consider.
5. Make Instructional Courses
Instructional courses are a fantastic method to earn money while you sleep. Pick a platform, such as udemy or cybrary, that allows you to produce and sell online courses to their audience. While you may make little money immediately, you might earn money for years after you finish the initial work.
6. Hacking on the side
If you know how to hack computers and perform vulnerability assessments, consider exploring working as a freelancer. Bugcrowd and Hackerone are two platforms that make this quite simple. You can also hunt for individual bug bounty programs; many large corporations, such as Paypal, Sony, Facebook, and others, have their bug bounty programs. You can also collaborate with local businesses that require security services.
7. Do a Business
Whether you’re a cybersecurity specialist or not, if you’re looking to start your own company, Cybersecurity is a fantastic place to start. If you’re a business person, you may team up with a cybersecurity expert to create a company in an industry in desperate need of new solutions. It doesn’t have to be a new product; you may start a business offering cybersecurity services such as security evaluations.
8. Construct an Application
If you have programming experience, consider exploring developing a Cybersecurity app and releasing it on the app store. You can create apps for businesses that scan their websites or applications for security flaws. You can also develop apps for specific users, such as one that allows them to stay anonymous online. The goal is to identify a modest security issue and create an application that people will want to use to address it.
9. Make books
Another fantastic approach to earn some residual/passive money is to write a book. Writing a book might be an excellent strategy to monetize if you’re a subject matter expert or have unique experiences. Try compressing many pieces into a small book and selling it online if you’re currently creating written content.
10. Become a public speaker
Consider speaking at cybersecurity events if you have a lot of industry experience or a compelling tale. Once people start paying you, not only can you make a lot of money, but it’s also a terrific way to get known. If you’re looking for a better-paying career, this exposure will help you sell more books, products, and services. The disclosure will be incredibly valuable, and there will be opportunities to make a lot of money. Many conferences, such as DEFCON, allow you to prepare research papers and submit them for the chance to appear as a guest speaker, so if you’re interested, it’s doable.