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Another way to generate money online is via consulting. In case youre an expert in any area, you could potentially find people willing to pay you to counsel them on their personal or business objectives. You may think youre not important enough to consult with large companies, but you might be surprised by the kinds of experience people will cover. .

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'd been blogging for a few decades, a couple of brands achieved to him to ask him to get assistance with social websites and online marketing. .

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Robert said he did an average of 4-6 of those gigs per year for a while depending on his schedule and the job involved. The best part is, he billed a flat rate that generally worked out to around $100 per hour. And remember, that was pay he had been earning to educate people on the best ways 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 set up a free account via Clarity.fm. This website enables anyone who wants to provide consulting setup a free profile. Once your profile is initiated, people will find you and book a session youll receive compensated for. .

If you have any ability you can instruct others, its possible to set up an online class you can advertise online. You can find online classes that teach anything from cooking to marketing or even freelance writing. Heck, I even provide my own course for financial advisors 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 classes on a writing applications called Scrivener. Through time, Michael has earned six figures or more annually selling classes that help individuals attain the kind of success he has earned.

Most people set their online course through a platform like Teachable.com. With Teachable, you can upload your class 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 Great Financial Cents podcast to go along with my website, and I use that stage to find new sponsors and advertisers all 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 have the ability to monetize my podcast which much in the beginning. .

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

The 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 make 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 complete the entire process of writing, publishing, and marketing a book online nowadays. Websites such as Create Space will let you upload and take your book to print without 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 also a thriving book publishing business. Hogue has written a few books he has published online to make 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 novel people would want to purchase, this is a smart strategy to consider since the start-up prices can More Help be minimal and you probably already have a computer and word processing software anyway.

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