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Another method to generate money online is through 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 might think youre not important enough to consult for 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 had been blogging for a few years, a couple of brands reached out to him to ask him for help with social media and online marketing. .

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Robert stated he did an average of 4-6 of those gigs annually for some time 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 cover he was earning to educate people on the best ways to use social media 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 also establish a free account through Clarity.fm. This website enables anyone who wants to offer consulting set up a free profile. Once your profile is set up, people will find you and reserve a session youll get compensated for. .

If you have any ability you can teach others, its possible to prepare an online course you can market 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 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 courses on a writing applications called Scrivener. Through the years, Michael has earned six figures or more annually selling classes that our website help individuals attain the kind of success he has earned.

Many people set up their online course by means of 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. I have the Great Financial Cents podcast to go along with my blog, and I use that stage to find new sponsors and advertisers all of the time.

I still 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 has been insanely exciting for me in the time since I wasnt sure I'd have the ability to monetize my podcast that 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 real key to getting ahead page 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 generate money online since there are a great deal 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 used to be heavy 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 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 Home Money) and also a thriving book publishing business. Hogue has written several books he's published online to create an ongoing source of passive income. He says that he averages approximately 685 books sold a 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 wise strategy to consider since the startup costs can be minimal and you most likely already have a computer and word processing applications 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 traffic to this website, and making sure you're collecting leads that someone will actually cover.