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Another way to generate money online is via 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 with large companies, but you could be surprised at 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 for him to request to get assistance with social media and online marketing. .

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Robert said he'd an average of 4-6 of those gigs per year for some time depending on his schedule and the work involved. The best part ishe billed a flat rate that generally worked out to around $100 per hour. And keep in mind, this was pay he had been earning to educate 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 even set up a free account through Clarity.fm. This website enables anyone who wants to provide consulting setup a free profile. Once your profile is set up, people will find you and book a session youll get compensated for. .

In case you have any ability you can instruct 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 offer 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 several different courses, including courses on a writing software called Scrivener. Over the years, Michael has earned six figures or more annually selling courses that help individuals achieve the kind of success he's earned.

Many people set their online course through a platform such as Teachable.com. Together with Teachable, you can upload your class materials and use the platform to manage clients 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 blog, and that I use that stage 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. This has been insanely exciting to 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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However, 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 introduced in a net income of over $400,000 in March 2018. Now, thats crazy.

The real 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 simplest way to make 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 nowadays. Websites such as Create Space will allow you to upload and take your book 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 successful blog (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 he averages approximately 685 books marketed per 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 wise way to consider since the startup costs can be minimal and you probably already have a computer and word processing software view website anyway.

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Another way to generate money online is by collecting prospects. The main actions you need to complete to make lead sales work include setting up a website, getting traffic to this site, and making sure you're collecting leads which someone will actually pay for.