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Another way to generate money online is through consulting. In case youre an expert in any area, you might potentially find individuals willing to pay you to counsel them on their personal or business goals. You might think youre not important enough to consult with big companies, but you could be amazed by the types of expertise 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 explained that, after he'd been blogging for a few years, a couple of brands reached out to him to ask him for assistance with social websites and online marketing. .

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Robert said he'd an average of 4-6 of those 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 remember, this was pay he was earning to advise people on the best approaches to use social networking tools such as Facebook and Pinterest to increase 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 site enables anyone who wants to offer consulting setup a free profile. Once your profile is initiated, people will find you and book a session youll get paid for. .

If you have any ability you can instruct 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 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 many different classes, including classes on a writing software named Scrivener. Through the years, 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 class materials and use the platform to manage clients 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 I use that platform to find new sponsors and advertisers all of 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 to me at the time since I wasnt sure I'd 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 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 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 easiest 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 heavy in print, you can finish the entire process have a peek at this site of writing, publishing, and marketing a book online these days. Websites like 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 that people can buy it there. .

A blogger I know named Joseph Hogue has a thriving blog (My Work from 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 that he averages about 685 books marketed per 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 strategy to consider since the start-up costs 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 complete to create lead earnings work include setting up a site, getting visitors to this website, and making sure you're collecting leads which someone will actually cover.