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Another way to generate money online is through consulting. If youre an expert in any area, you could potentially find individuals willing to pay you to counsel them on their personal or business objectives. You may think youre not important enough to consult with large companies, but you might be amazed by the kinds of experience 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'd been blogging for a couple of years, a couple brands reached out to him to request to get help with social websites and online marketing. .

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Robert said he did an average of 4-6 of these gigs per year for some time depending on his agenda and the job involved. The best part is, he charged a flat rate that generally worked out to around $100 per hour. And remember, this was pay he had been earning to advise people on the best ways 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 also set up a free account via Clarity.fm. This website enables anyone who wants to provide consulting set up a free profile. Once your profile is initiated, people will find you and book a session youll get compensated for. .

If you have any ability you can teach others, its possible to set up an online class you can market online. You can find online courses that teach anything from cooking to marketing or even freelance writing. Heck, I even provide my own course 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 applications named Scrivener. Over the years, Michael has earned six figures or more annually selling classes that help individuals attain the kind of success he has earned.

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

Another way to generate money online is by hosting an online podcast. I've got the Good Financial Cents podcast to go along with my website, and that 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 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 have a peek at these guys I wasnt sure I'd be able to monetize my podcast that much at first. .

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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 shows most recent income file, this podcast introduced in a net income of over $400,000 in March 2018. Now, thats crazy.

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 generate 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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Even though the publishing industry was substantial in print, you can complete the entire process of writing, web publishing, and marketing a publication 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 that people can buy it there. .

A blogger I know named Joseph Hogue includes a thriving blog (My Work Out of Home Money) and also a thriving book publishing business. Hogue has written a few books he's published online to make an ongoing source of passive income. He says he averages about 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 buy, this is a smart way to consider since the start-up costs 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 leads. The main steps that you need to finish to create lead earnings work include setting up a site, getting visitors to this website, and making sure you're collecting leads that someone will actually cover.