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Another method to generate money online is through 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 for large companies, but you might be surprised at the types of experience people will pay for. .

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 decades, a couple of brands reached out to 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 those gigs annually for a while depending on his schedule and the job involved. The best part is, he charged a flat rate that usually worked out to around $100 per hour. And remember, this was pay he had been earning to educate people on the best ways to use social networking tools such as Facebook and Pinterest to increase their brands. .

If you want to start consulting but arent sure what steps to take next, you can even establish a free account through Clarity.fm. This website enables anyone who wants to offer consulting setup a free profile. Once your profile is set up, people will find you and book a session youll receive paid for. .

If you have any skill you can instruct others, its possible to set up 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 offer my own path for financial advisers 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 classes on a writing applications called Scrivener. Through the years, Michael has earned six figures or more annually selling courses that help individuals achieve the kind of success he's earned.

Many people set up 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 platform 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 brief the original source clip at the beginning of each podcast for 90 days. That was insanely exciting to me at the time since I wasnt sure I'd have the ability to monetize my podcast which much at first. .

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But, 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 brought 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 lot of logistics that go into writing, recording, and editing a podcast, but it's 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 getting a formal publisher involved, and you can even get your book on Amazon.com so that people can buy it there. .

A blogger I know named Joseph Hogue includes a thriving site (My Work from check these guys out 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 approximately 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 buy, this is a wise strategy to consider since the startup prices 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 prospects. The main actions you need to complete to create lead sales work include setting up a site, getting visitors to this website, and making sure you're collecting leads which someone will really cover.