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Another way to make 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 amazed by the kinds of expertise people will pay for. .

My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on the side in an unlikely industry. Robert explained that, after he had been blogging for a few years, a couple brands reached out to him to ask him to get assistance with social media 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 work involved. The best part is, he charged a flat rate that generally worked out to around $100 per hour. And remember, this was cover he was earning to advise people on the best approaches to use social media tools like 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 via Clarity.fm. This site lets anyone who wants to offer consulting set up a free profile. Once your profile is initiated, people will find you and reserve a session youll receive compensated for. .

If you have any skill you can instruct others, its possible to prepare an online course you can advertise online. You can find online courses that teach anything from cooking to marketing or even freelance writing. Heck, I even provide 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 offers many different courses, including courses on a writing software called Scrivener. Over time, Michael has earned six figures or more annually selling classes that help individuals attain the kind of success he's earned.

Most people set their online course by means of a platform like Teachable.com. Together with Teachable, you can upload your course materials and use the platform to manage customers and accept payments.

Another way to generate money online is by hosting an online podcast. I've got the Good Financial Cents podcast to go along with my website, and that I use that platform to find new sponsors and advertisers all of the time.

I remember getting my first sponsor on the podcast view 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 has been insanely exciting to me in the time since I wasnt sure I would be able to monetize my podcast that much in the beginning. .

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However, 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 crazy.

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 simplest way to make money online since there are a lot of logistics that go into More about the author writing, recording, and editing a podcast, but it is still worth considering. .

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Even though the publishing industry was substantial in print, you can finish the entire process of writing, publishing, and marketing a publication online nowadays. 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 that people can purchase it there. .

A blogger I know named Joseph Hogue includes a thriving blog (My Work Out of Home Money) and a thriving book publishing business. Hogue has written a few books he's published online to make 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 novel people would want to buy, this is a smart strategy to consider since the startup prices 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 prospects. The main steps you need to complete to make lead sales work include setting up a website, getting visitors to that website, and making sure you're collecting leads which someone will really pay for.