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Another way to generate money online is through consulting. In case 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 for big companies, but you could be surprised by 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 explained that, after he had been blogging for a few decades, a couple brands achieved for him to request for help with social websites and online marketing. .

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Robert stated he did an average of 4-6 of these gigs annually for some time depending on his schedule and the job involved. The best part is, he charged a flat rate that usually worked out to around $100 per hour. And remember, that was pay that he had been 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 even establish a free account through Clarity.fm. This website lets anyone who wants to offer consulting set up a free profile. Once your profile is set up, people will find you and book a session youll get paid for. .

If you have any ability you can instruct others, its possible to set up an online class you can advertise online. You can find online classes that teach anything from cooking to marketing or even freelance writing. Heck, I even offer my own course for financial advisers 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 software named Scrivener. Through the years, Michael has earned six figures or more annually selling classes that help people attain the kind of success he has earned.

Most people set their online course by means of a platform like Teachable.com. With Teachable, you can upload your course 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 Good Financial Cents podcast to go along with my blog, 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 short clip at the beginning of each podcast for 90 days. That was insanely exciting to me at the time since I wasnt sure I'd have the ability to monetize my podcast that much in the beginning. .

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But, 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 brought in a net income of over $400,000 in March 2018. Now, thats mad.

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 make 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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While the publishing industry used to be anonymous substantial in print, you can complete the entire process of writing, publishing, and marketing a book online these days. Websites such as Create Space will let you upload and take your book to print without getting a formal publisher involved, and you can even get your book on Amazon.com so people can buy it there. .

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

If you think you could write a book people would want to purchase, this is a wise way to consider since the startup costs can be minimal and you most likely already have a computer and word processing software anyway.

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Another way to make money online is by collecting leads. The main actions that you need to complete 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 click for source pay for.