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Another way to generate money online is through 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 objectives. You may think youre not important enough to consult for large companies, but you could be surprised at the types of experience people will cover. .

My colleague Robert Farrington of The College Investor is a fantastic 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 of brands reached out for 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 annually for a while depending on his schedule and the work involved. The best part ishe billed a flat rate that usually worked out to around $100 per hour. And keep in mind, that was pay that he had been earning to advise people on the best ways to use social networking 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 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 set up, people will find you and book a session youll receive compensated for. .

If you have any skill you can teach others, its possible to set up an online class you can advertise online. You can find online courses 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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Last year, I profiled my friend Joseph Michael of Easy Course Creation. Michael presents several different classes, including courses on a writing applications called Scrivener. Over time, Michael has earned six figures or more annually selling classes that help people attain the kind of success he's earned.

Many people set their online course by means of a platform such as 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 Great Financial Cents podcast to go along with my blog, and that I use that stage to find new sponsors and advertisers all of the time.

I still remember getting my first sponsor on the podcast and finding out they were willing to pay $8,000 for me to include a brief clip at More about the author 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 which much in the beginning. .

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However, there are tons of folks 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 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. read this article This isnt the easiest 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. .

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Even though the publishing industry was heavy in print, you can complete the entire process of writing, publishing, and marketing a book online these days. Websites like Create Space will allow you to upload and choose your publication to print without getting an official 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 successful site (My Work Out of Home Money) and 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 a month to bring in an average of 1,857 in revenue.

If you think you could write a book people check out here would want to purchase, 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 actions that you need to finish to create lead earnings work include setting up a website, getting traffic to that website, and making sure you're collecting leads that someone will actually pay for.