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Another method to generate money online is via consulting. If youre an expert in any area, you might potentially find individuals willing to pay you to counsel them on their personal or business objectives. You might think youre not important enough to consult with big companies, but you might be amazed by the types of experience people will cover. .

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 told me that, after he'd been blogging for a couple of decades, a couple brands reached out to him to ask him to get assistance with social websites and online marketing. .

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Robert stated he did an average of 4-6 of these gigs per year for a while depending on his schedule and the job involved. The best part is, he charged a flat rate that generally worked out to around $100 per hour. And keep in mind, that was pay that he had been earning to educate people on the best ways 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 establish a free account via Clarity.fm. This website enables anyone who wants to offer consulting set up a free profile. Once your profile is set up, people will find you and reserve a session youll receive compensated for. .

In case you have any skill you can teach others, its also possible to set up an online course you can advertise online. You can find online classes that teach anything from cooking to marketing or even freelance writing. Heck, I even provide my own course 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 presents many different classes, including classes on a writing applications named Scrivener. Through time, Michael has earned six figures or more annually selling classes that help individuals attain the kind of success go to my site he's earned.

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Most people set their online course through 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 make 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 stage 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 would have the ability to monetize my podcast that much at first. .

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But, 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 Dumas. According to the displays most recent income report, this podcast brought in a net income of over $400,000 in March 2018. Now, thats mad.

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 lot of logistics that go into writing, recording, and editing a podcast, but it is still worth considering. a knockout post .

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Even though the publishing industry was substantial in print, you can complete the entire process of writing, publishing, and marketing a publication online nowadays. Websites such as Create Space will let you upload and choose your publication to print without even 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 thriving site (My Work Out of Home Money) and also a thriving book publishing business. Hogue has written several books he's published online to make an ongoing source of passive income. He says he averages approximately 685 books sold per month to bring in an average of 1,857 in revenue.

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If you think you could write a novel people would want to purchase, this is a smart way 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 generate 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 visitors to this site, and making sure you're collecting leads which someone will actually cover.

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