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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 objectives. You may think youre not important enough to consult for big companies, but you could be surprised by the kinds of expertise people will pay for. .

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 had been blogging for a few decades, a couple brands reached out to him to request to get 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 work involved. The best part ishe billed a flat rate that generally worked out to around $100 per hour. And remember, that was pay that he was earning to educate people on the best approaches to use social networking tools such as Facebook and Pinterest to grow their brands. .

If you want to get started consulting but arent sure what steps to take next, you can even establish a free account through Clarity.fm. This site lets anyone who wants to offer consulting setup a free profile. Once your profile is set up, people will find you and reserve a session youll get compensated for. .

In case you have any skill you can teach others, its possible to set up an online course you can advertise online. You can find online courses 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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This past Year, I profiled my friend Joseph Michael of Easy Course Creation. Michael presents several different classes, including classes on a writing software called Scrivener. Through time, Michael has earned six figures or more annually selling courses that help people attain the kind of success he's earned.

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

Another way to generate money online is by hosting an online podcast. I've got the Great 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 that they were willing to pay $8,000 for me to include a brief clip at the beginning of each podcast for 90 days. This has been insanely exciting for me at the time since I wasnt sure I'd be able to monetize my podcast that much in the beginning. .

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However, there are tons of people 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 file, this podcast brought 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 with sponsors. This isnt the easiest way to make money online since there are a great deal 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 substantial in print, you can finish the entire process of writing, publishing, and marketing a publication online these days. Websites like Create Space will allow you to 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 people can buy it there. .

A blogger I know named Joseph Hogue has a thriving site (My Work from 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 approximately 685 books sold 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 way to consider since the start-up costs can be minimal and you most likely already have a computer and word processing software anyway.

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Another way to generate money online is by collecting prospects. The main actions that you need to finish to make lead sales work include setting up a website, getting traffic to this site, and making sure you're collecting leads which someone will More about the author actually pay for.