A method for producing a multilayer coil component includes preparing an insulating sheet; forming a resin paste layer on the insulating sheet by using a resin paste; forming a conductive paste layer by using a conductive paste, the conductive paste layer covering the resin paste layer and having a projecting portion at a portion where a second void portion is to be formed; forming an insulating paste layer on the insulating sheet by using an insulating paste such that at least part of an upper surface of the conductive paste layer is exposed; stacking the insulating sheets having the resin paste layer, the conductive paste layer, and the insulating paste layer formed thereon to form a multilayer compact that includes the conductive paste layers connected into a coil shape; and firing the multilayer compact.