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Another method to generate money online is via 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 goals. You might think youre not important enough to consult with large companies, but you might be amazed by the types of expertise people will cover. .

My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on both sides in an unlikely industry. Robert explained that, after he had been blogging for a couple of years, a couple of brands reached out to him to ask him for assistance with social websites and online marketing. .

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Robert stated he'd an average of 4-6 of these gigs per year for a while depending on his schedule and the job involved. The best part ishe charged 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 ways to use social media tools such as Facebook and Pinterest to increase their brands. .

If you want to start consulting but arent sure what steps to take next, you can even establish a free account through Clarity.fm. This site enables anyone who wants to offer 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 skill 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. HeckI even offer my own path 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 many different classes, including courses on a writing software named Scrivener. Through time, Michael has earned six figures or more annually selling classes that help people achieve the kind of success he's earned.

Many people set their online course through a platform like Teachable.com. Together with Teachable, you can upload your course materials and utilize 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 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 was insanely exciting for me at 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 podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the shows most recent income file, this podcast brought in a net income of over $400,000 in March 2018. Now, thats mad.

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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While the publishing industry was substantial 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 take your publication to print without getting a formal publisher involved, and you can even get your book on Amazon.com so here that people can buy 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 about 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 buy, this is a wise strategy to consider since the start-up prices can be minimal and you most likely already have a computer and word processing software anyway.

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Another way to generate money online is by collecting prospects. The main steps that you need to finish to make lead sales work include setting up a site, getting traffic to that site, and making sure you're collecting leads that someone will really cover.