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Another method to generate money online is via consulting. In case youre an expert in any field, you might 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 might be surprised at the kinds of expertise people will cover. .

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 few years, a couple of brands achieved to 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 these gigs per year for some time depending on his schedule and the job involved. The best part ishe billed a flat rate that generally worked out to around $100 per hour. And remember, this was pay he was earning to educate people on the best approaches to use social media tools like Facebook and Pinterest to grow their brands. .

If you want to start 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 set up, people will find you and book a session youll receive compensated for. .

In case you have any skill you can teach others, its also 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. 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 offers several different courses, including classes on a writing software called Scrivener. Through time, Michael has earned six figures or more annually selling classes that help people attain the kind of success he has earned.

Many people set their online course by means of 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'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 still remember getting my first sponsor on the podcast and finding out they were willing to pay $8,000 for me to page include a short clip at the beginning of each podcast for 90 days. This was insanely exciting to me at the time since 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 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 this 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 was substantial in print, you can finish the entire process of writing, publishing, and marketing a publication online these days. Websites such as Create Space will allow you to upload and choose your book to print without getting an official publisher involved, and you can even get your book on Amazon.com so people can buy it there. .

A blogger Source 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 several books he has published online to create an ongoing source of passive income. He says that he averages approximately 685 books sold 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 way to consider since the start-up costs can be minimal and you probably already have a computer and word processing applications anyway.

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Another way to make money online is by collecting prospects. The main steps 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 that someone will really cover.