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Another method to generate money online is through consulting. If 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 could be surprised by 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 explained that, after he'd been blogging for a couple of decades, a couple of brands reached out to him to request for help with social websites and online marketing. .

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Robert said he'd an average of 4-6 of those gigs per year for a while depending on his agenda and the work involved. The best part is, he charged a flat rate that usually worked out to around $100 per hour. And keep in mind, that was cover that 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 even establish a free account via Clarity.fm. This site enables anyone who wants to provide consulting setup a free profile. Once your profile is set up, people will find you and book a session youll get compensated for. .

In case you have any ability you can instruct others, its also possible to prepare 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 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 several different classes, including courses on a writing applications 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.

Most people set their online course through a platform such as 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 Great Financial Cents podcast to go along with my website, and that 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 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 in the time since I wasnt sure I'd have the ability to monetize my podcast which much in the beginning. .

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However, 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 see post 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 forward with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect with 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 heavy in print, you can complete the entire process of writing, publishing, and marketing a book online nowadays. Websites such as Create Space will allow you to upload and take 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 I know named Joseph Hogue has a successful site (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 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 buy, this is a wise way to consider since the startup costs can be minimal and you probably already have a computer and word processing applications anyway.

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