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Another method to generate money online is via consulting. If youre an expert in any area, you might potentially find people willing to pay you to counsel them on their personal or business goals. You may think youre not important enough to consult for large companies, but you might be surprised at the types 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 to him to request to get help with social media and online marketing. .

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Robert stated he did an average of 4-6 of those gigs per year for a while depending on his agenda and the work involved. The best part ishe charged a flat rate that usually worked out to around $100 per hour. And keep in mind, this was pay he was earning to advise people on the best ways to use social media tools like 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 establish a free account via Clarity.fm. This site lets anyone who wants to provide consulting setup a free profile. Once your profile is set up, people will find you and reserve a session youll get compensated for. .

If you have any ability you can teach others, its possible to set up an online course you can advertise online. You can find online classes 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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Last year, I profiled my friend Joseph Michael of Easy Course Creation. Michael offers many different courses, including classes on a writing applications named Scrivener. Through time, Michael has earned six figures or more annually selling courses that help people achieve the kind of success he's earned.

Most people set up their online course by means of a platform like Teachable.com. With Teachable, you can upload your class 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 website, and I use that stage to find new sponsors and advertisers all of 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 include a brief clip at the beginning of each podcast for 90 days. This was insanely exciting to me at the time since I wasnt sure I would have the ability to more information monetize my podcast which much in the beginning. .

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But, there are tons of people making a lot more than me on their own podcasts. Take the Entrepreneur 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 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 generate money online since there are a lot 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 used to be heavy in print, you can complete 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 even getting a formal publisher involved, and you can even get your book on Amazon.com so that people can purchase it there. .

A blogger I know named Joseph Hogue has a thriving site (My Work Out of Home Money) and also a thriving book publishing business. Hogue has written several books he's published online to create an ongoing source of passive income. He says that he averages about 685 books marketed per month to bring in an average of $1,857 in revenue.

If you think you could write a book people would click for source want to buy, this is a smart way 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 make money online is by collecting prospects. The main steps you need to complete to create lead sales work include setting up a website, getting visitors to this site, and making sure you're collecting leads that someone will actually pay for.