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Another method to generate money online is via consulting. In case youre an expert in any field, 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 with big companies, but you might be amazed at the kinds of expertise people will pay for. .

My colleague Robert Farrington of The College Investor is a fantastic example of someone who consulted online on both sides in an unlikely industry. Robert told me that, after he had been blogging for a couple of years, a couple of brands achieved to him to request for assistance with social media and online marketing. .

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Robert stated he did an average of 4-6 of these gigs annually for some time depending on his schedule and the work involved. The best part ishe billed a flat rate that generally worked out to around $100 per hour. And keep in mind, that was cover he was earning to educate people on the best approaches to use social networking tools such as Facebook and Pinterest to grow their brands. .

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

If you have any skill you can teach others, its also possible to prepare an online class you can market online. You can find online courses that teach anything from cooking to marketing or even freelance writing. HeckI even provide my own course 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 courses, including courses on a writing software named Scrivener. Through the years, Michael has earned six figures or more annually selling courses that help individuals attain the kind of success he has earned.

Many people set up their online course through a platform like Teachable.com. Together with Teachable, you can upload your course materials and use the platform to manage clients and accept payments.

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

I still remember getting my first sponsor on the podcast and finding out that they were willing to pay $8,000 for me to include a short clip at the beginning of each podcast for 90 days. This was insanely exciting for me in 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 people making far more than me on their own podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the shows most recent income file, this podcast introduced in a net income of over $400,000 in March 2018. Now, thats crazy.

The real 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 easiest way to generate money online since there are a lot of logistics that go into writing, recording, and editing a podcast, but it's still worth considering. .

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While the publishing industry was substantial in print, you can finish the entire process of writing, publishing, and marketing a book online these days. Websites such as 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 buy it there. .

A blogger I know named Joseph Hogue has a thriving site (My Work Out of Home Money) and a thriving book publishing business. Hogue has written a few books he has published online to create an ongoing source of passive income. He says that he averages approximately 685 site here books sold a month read review to bring in an average of 1,857 in revenue.

If you think you could write a book people would want to purchase, this is a smart strategy to consider since the start-up costs can be minimal and you most likely already have a computer and word processing software anyway.

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