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Another method to make money online is through consulting. If youre an expert in any field, you might potentially find people willing to pay you to counsel them on their personal or business goals. You may think youre not important enough to consult for big companies, but you might 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 the side in an unlikely industry. Robert told me that, after he had been blogging for a couple of decades, a couple of brands reached out to him to ask him to get assistance with social media and online marketing. .

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Robert stated he'd an average of 4-6 of those gigs per year for some time depending on his agenda and the work involved. The best part ishe charged a flat rate that generally worked out to around $100 per hour. And remember, that was pay that he had been earning to advise people on the best ways to use social networking tools like Facebook and Pinterest to increase their brands. .

If you want to get started consulting but arent sure what steps to take next, you can also establish a free account via Clarity.fm. This site enables anyone who wants to provide consulting set up a free profile. Once your profile is set up, people will find you and reserve a session youll get paid for. .

In case you have any ability you can instruct others, its possible to set up an online course you can advertise online. You can find online classes that teach anything from cooking to marketing or even freelance writing. Heck, I even offer 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 presents 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 help people attain the kind of success he's earned.

Most people set their online course by means of a platform such as Teachable.com. Together with Teachable, you can upload your course materials and use the platform to manage next customers and accept payments.

Another way to generate 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 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. That has been insanely exciting to me at the time since I wasnt sure I would be able to monetize my podcast that much in the beginning. .

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

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 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 heavy in print, you can finish 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 that people can purchase it there. .

A blogger I know named Joseph Hogue includes a successful site (My Work Out of 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 about 685 books marketed 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 smart strategy to consider since the start-up 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 that you need to finish to make lead sales work include setting up a website, getting visitors to this site, and making sure you're collecting leads which someone will actually pay for.