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Another method to make money online is via consulting. In case youre an expert in any area, you could potentially find individuals willing to pay you to counsel them on their personal or business goals. You may think youre not important enough to consult for large companies, but you might be surprised at the types of expertise people will pay for. .

My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on the side in an unlikely industry. Robert explained that, after he had been blogging for a couple of decades, a couple brands reached out for him to ask him for help with social websites and online marketing. .

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Robert said he'd an average of 4-6 of these gigs per year for some time depending on his agenda and the job involved. The best part ishe charged a flat rate that usually worked out to around $100 per hour. And keep in mind, that was cover he was earning to advise people on the best approaches to use social media tools like Facebook and Pinterest to increase their brands. .

If you want to start consulting but arent sure what steps to take next, you can also establish a free account via Clarity.fm. This website enables anyone who wants to provide consulting set up a free profile. Once your profile is initiated, people will find you and book a session youll get compensated for. .

If you have any ability you can instruct others, its also possible to prepare an online course you can advertise online. You can find online courses that teach anything from cooking to marketing or even freelance writing. HeckI even provide my own path for financial advisers who want to take their businesses online The Online Advisor Growth Formula. .

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This past Year, I profiled my friend Joseph Michael of Easy Course Creation. Michael presents several different classes, including courses on a writing applications named Scrivener. Over time, Michael has earned six figures or more annually selling courses that help individuals attain the kind of success he has earned.

Most people set their online course through a platform such as Teachable.com. With Teachable, you can upload your course materials and utilize the platform to manage clients and accept payments.

Another way to generate money online is by hosting an online podcast. I've got the Good Financial Cents podcast to go along with my blog, and that I use that stage to find new sponsors and advertisers all the time.

I still remember getting my first sponsor on the podcast and finding out they were willing to pay $8,000 for me to include a brief clip at the beginning of each podcast for 90 days. This has been insanely exciting for me at the time since I wasnt sure I would be able to monetize my podcast that much in the beginning. .

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However, there are tons of folks making a lot more than me on their podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the shows most recent income report, this podcast introduced in a net income of over $400,000 in March 2018. Now, thats crazy.

The key to getting ahead with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect to sponsors. This isnt the simplest way to generate money online since there are a great deal of logistics that go into writing, recording, and editing a podcast, but it is still worth considering. .

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Even though the publishing industry used to be heavy in print, you can complete the entire process of writing, publishing, and marketing a book online nowadays. Websites like Create Space will allow you to upload and take your book to print without even getting an official publisher involved, and you can even get your book on Amazon.com so people can purchase it there. .

A blogger I know named Joseph Hogue has a successful site (My Work from Home Money) and also a thriving book publishing business. Hogue has written several books he has published online to create an ongoing source of passive income. He says that he averages about 685 books sold per Continue month to bring in an average of 1,857 in revenue.

If you think you could write a novel people would want to purchase, this is a wise way to consider since the startup costs can be minimal and you most likely already have a computer and word processing software anyway.

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Another way to generate money online is by collecting leads. The main steps that you need to complete to make lead sales work include setting up a site, getting visitors to that website, and making sure you're collecting leads which someone will really cover.