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Another method to generate money online is through consulting. If youre an expert in any field, you might potentially find individuals willing to pay you to counsel them on their personal or business objectives. You may think youre not important enough to consult for big companies, but you could be amazed by the kinds of expertise people will pay for. .

My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on the side in an unlikely industry. Robert told me that, after he had been blogging for a few years, a couple brands achieved for him to ask him for help with social websites and online marketing. .

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Robert said he did an average of 4-6 of these gigs per year for some time depending on his schedule 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, this was cover he had been earning to advise people on the best ways to use social networking 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 through Clarity.fm. This website lets anyone who wants to offer consulting set up a free profile. Once your profile is set up, people will find you and book a session youll receive compensated for. .

In case you have any skill you can instruct others, its possible to prepare an online class you can advertise online. You can find online courses that teach anything from cooking to marketing or even freelance writing. Heck, I 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 offers several different courses, including classes on a writing applications named Scrivener. Over time, Michael has earned six figures or more annually selling classes that help people achieve the kind of success he has earned.

Many people set up their online course through a platform such as Teachable.com. With Teachable, you can upload your class materials and use the platform to manage clients and accept payments.

Another way to generate money online is by hosting an online podcast. that site I have the Great Financial Cents podcast to go along with my blog, 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 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 to me in the time since I wasnt sure I'd be able to monetize my podcast which much in the beginning. .

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However, there are tons of people making a lot more than me on their podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the shows most recent income report, this podcast introduced 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 with sponsors. This isnt the easiest way to make 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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Even though 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 publication to print without even getting an official 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 includes a thriving site (My Work from Home Money) and 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 about 685 books marketed a 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 wise my company strategy to consider since the start-up costs can 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 prospects. The main steps that you need to finish to make lead earnings work include setting up a site, getting visitors to that site, and making sure you're collecting leads which someone will really pay for.