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Another way to generate money online is through consulting. In case youre an expert in any field, you might 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 could be amazed by the types of experience people will cover. .

My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on both sides in an unlikely industry. Robert explained that, after he'd been blogging for a few decades, a couple of brands achieved for him to request for help with social media and online marketing. .

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Robert stated he'd an average of 4-6 of these gigs annually for a while depending on his schedule and the job involved. The best part is, he charged a flat rate that generally worked out to around $100 per hour. And keep in mind, that was pay that he was earning to educate people on the best approaches to use social media tools such as Facebook and Pinterest to increase their brands. .

If you want to get started consulting but arent sure what steps to take next, you can even establish a free account via Clarity.fm. This website 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 receive paid for. .

In case you have any ability you can instruct others, its also possible to prepare an online class you can market online. You can find online classes that teach anything from cooking to marketing or even freelance writing. Heck, I 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 offers many different courses, including courses on a writing software called Scrivener. Through the years, Michael has earned six figures or more annually selling classes that help people achieve the kind of success he's earned.

Many people set their online course by means of a platform like Teachable.com. Together with Teachable, you can upload your click here for more info course materials and utilize the platform to manage customers 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 website, and 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 they were willing to pay $8,000 for me to include a brief clip at the beginning of each podcast for 90 days. This was insanely exciting to me in the time since I wasnt sure I'd have the ability to monetize my podcast that much at first. .

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

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While the publishing industry used to be heavy in print, you can complete the entire process of writing, publishing, and marketing a publication online these days. Websites like Create Space will let you upload and take your book to print without getting a formal 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 includes a successful blog (My Work Out of Home Money) and a thriving book publishing business. Hogue has written a few books he's published online to create an ongoing source of passive income. He says that he averages about 685 books sold a month to bring in an average of 1,857 in revenue.

If you think you could write a book people would want to buy, this is a smart way to consider since the start-up costs can be minimal and you probably already have a computer and word processing applications anyway.

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