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Another method to generate money online is through consulting. In case youre an expert in any field, you might 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 with large companies, but you might be amazed at the types of experience 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'd been blogging for a few years, a couple brands reached out to him to ask him for help with social websites and online marketing. .

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Robert said he'd an average of 4-6 of these 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 remember, this was cover 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 also set up a free account through Clarity.fm. This website lets anyone who wants to provide consulting setup a free profile. Once your profile is initiated, people will find you and reserve a session youll receive compensated for. .

In case you have any ability you can instruct others, its possible to prepare an online class you can market online. You can find online classes that teach anything from cooking to marketing or even freelance writing. HeckI even provide 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 offers many different courses, including classes on a writing software called Scrivener. Over time, Michael has earned six figures or more annually selling review classes that help individuals achieve the kind of success he's earned.

Many people set their online course through 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 make money online is by hosting an online podcast. I've got the Great Financial Cents podcast to go along with my website, and I use that platform to find new sponsors and advertisers all the time.

I remember getting my first sponsor on the podcast and finding out that they were willing to pay $8,000 for me to include a short clip at the beginning of each podcast for 90 days. This was insanely exciting for me at the time since I wasnt sure I would have the ability to monetize my podcast which much at first. .

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But, there are tons of people making far more than me on their podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the shows most recent income report, this podcast introduced in a net income of over $400,000 in March 2018. Now, thats crazy.

The real key to getting forward 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 great deal of logistics that go into writing, recording, and editing a podcast, but it is still worth considering. .

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Even though the publishing industry used to be substantial in print, you can finish the entire process of writing, publishing, and marketing a book online nowadays. Websites like Create Space will let you upload and choose your book to print without getting an official publisher involved, and you can even get your book on Amazon.com so that people can buy it there. .

A blogger I know named Joseph Hogue has a thriving site (My Work from Home Money) and a thriving book publishing business. Hogue has written a few books he has published online to make an ongoing source of passive income. He says that he averages approximately 685 books sold 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 smart strategy to consider since the startup prices 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 leads. The main steps that you need to finish to create lead earnings work include setting up a site, getting traffic to that site, and making sure you're collecting leads which someone will really pay for.