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Another method to make 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 may think youre not important enough to consult for large companies, but you could be surprised by the types 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 explained that, after he'd been blogging for a couple of years, a couple brands reached out for him to request for assistance with social websites and online marketing. .

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Robert said he'd an average of 4-6 of these gigs annually for a while 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, this was cover that he was earning to educate people on the best approaches to use social media 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 also establish a free account via Clarity.fm. This site enables anyone who wants to offer consulting setup a free profile. Once your profile is initiated, people will find you and reserve a session youll get compensated for. .

In case you have any ability you can teach others, its also possible to prepare an online course you can advertise online. You can find online classes that teach anything from cooking to marketing or even freelance writing. HeckI 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 my explanation applications called Scrivener. Through the years, 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 course materials and utilize the platform to manage customers and accept payments.

Another way to make 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 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. That was insanely exciting for me at the time since I wasnt sure I would be able to monetize my podcast that much at first. .

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

The key to getting forward with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect to 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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While the publishing industry used to be heavy in print, you can finish the entire process of writing, publishing, basics and marketing a book online nowadays. Websites like Create Space will let you 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 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 a few books he's published online to create an ongoing source of passive income. He says that he averages approximately 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 smart strategy to consider since the startup prices can be minimal and you probably 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 steps that you need to finish to make lead earnings work include setting up a site, getting traffic to that site, and making sure you're collecting leads that someone will actually cover.