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Another method to generate money online is via consulting. If youre an expert in any area, you could potentially find people 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 cover. .

My colleague Robert Farrington of The College Investor is a fantastic example of someone who consulted online on the side in an unlikely industry. Robert told me that, after he'd been blogging for a few years, a couple brands reached out to him to request to get help with social media and online marketing. .

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Robert said he'd an average of 4-6 of these gigs annually for a while depending on his agenda and the work involved. The best part is, he 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 ways to use social media tools like 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 set up a free account through Clarity.fm. This site enables anyone who wants to provide consulting set up a free profile. Once your profile is initiated, people will find you and reserve a session youll receive paid for. .

In case you have any skill you can teach others, its also possible to prepare an online class you can advertise online. You can find online classes that teach anything from cooking to marketing or even freelance writing. HeckI even provide my own path for financial advisors who want to take their businesses online The Online Advisor Growth Formula. .

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Last year, I profiled my friend Joseph Michael of Easy Course Creation. Michael presents many different courses, including courses on a writing software named Scrivener. Over the years, Michael have a peek at these guys has earned six figures or more annually selling courses that help people attain the kind of success he's earned.

Many people set their online course by means of a platform such as Teachable.com. With Teachable, you can upload your course materials and utilize the platform to manage customers and accept payments.

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

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

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

The key to getting forward 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 check my blog writing, recording, and editing a podcast, but it is still worth considering. .

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Even though the publishing industry was substantial in print, you can finish the entire process of writing, publishing, and marketing a book online these days. Websites like Create Space will let you upload and choose your publication to print without even getting a formal publisher involved, and you can even get your book on Amazon.com so that people can purchase it there. .

A blogger I know named Joseph Hogue has a thriving site (My Work Out of Home Money) and also 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 he averages about 685 books marketed per month 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 way to consider since the startup prices 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 earnings work include setting up a site, getting traffic to that website, and making sure you're collecting leads which someone will really cover.