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Another way to make money online is via consulting. In case youre an expert in any field, you could potentially find individuals willing to pay you to counsel them on their personal or business goals. You might think youre not important enough to consult with large 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 both sides in an unlikely industry. Robert told me that, after he had been blogging for a couple of decades, a couple of brands reached out for him to request for assistance with social media and online marketing. .

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Robert stated he did an average of 4-6 of those gigs annually for a while depending on his agenda and the job involved. The best part ishe charged a flat rate that usually worked out to around $100 per hour. And remember, this was cover that he had been earning to educate people on the best approaches 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 even establish a free account through Clarity.fm. This website lets anyone who wants to offer consulting set up a free profile. Once your profile is initiated, people will find you and reserve a session youll receive compensated for. .

If you have any skill you can instruct others, its also possible to set up an online course you can market online. You can find online classes 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 many different classes, including classes on a writing applications named Scrivener. Through time, Michael has earned six figures or more annually selling classes that help individuals achieve the kind of success he has earned.

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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 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 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 has been insanely exciting for me in the time since I wasnt sure I'd be able to monetize my podcast which much at first. .

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

The real 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 simplest 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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Even though the publishing industry was heavy in print, you can complete the entire process of writing, publishing, and marketing a book online these days. Websites such as Create Space will allow you to upload and choose 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 successful site (My Work Out of Home Money) and also a thriving book publishing business. Hogue has written a few books he has published online to create an ongoing source of passive income. He says he averages approximately 685 books marketed a month to bring in an average of 1,857 in revenue.

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If you think you could write a novel people would want to purchase, this is a wise strategy to consider since the start-up prices can be minimal and you most likely 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 create lead earnings work include setting up a website, getting traffic to that website, and making sure you're collecting leads which someone will really pay for.

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