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Another way to generate money online is via consulting. In case youre an expert in any area, you could 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 with big companies, but you might be surprised by the kinds of expertise 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 told me that, after he'd been blogging for a few decades, a couple brands achieved for him to ask him for assistance with social media and online marketing. .

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Robert said he did an average of 4-6 of these gigs annually for some time depending on his agenda and the job involved. The best part is, he charged a flat rate that usually worked out to around $100 per hour. And keep in mind, this was cover 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 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 initiated, people will find you and book a session youll receive paid for. .

In case you have any skill you can teach others, its possible to set up an online course you can market online. You can find online classes that teach anything from cooking to marketing or even freelance writing. Heck, I even offer 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 presents many different classes, including classes on a writing software called Scrivener. Over the years, Michael view has earned six figures or more annually selling courses that help individuals attain the kind of success he's earned.

Many people set up 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've got the Good Financial Cents podcast to go along with my website, and 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 that they were willing to pay $8,000 for me to include a brief clip at the beginning of each podcast for 90 days. This was insanely exciting to me at the time since I wasnt sure I would be able to monetize my podcast that much in the beginning. .

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But, 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 shows most recent income file, this podcast introduced in a net income of over $400,000 in March 2018. Now, thats crazy.

The 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's still worth considering. .

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While the publishing check it out industry used to be substantial 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 choose your book to print without 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 includes a successful blog (My Work Out of Home Money) and a thriving book publishing business. Hogue has written a few books he has published online to make an ongoing source of passive income. He says that he averages approximately 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 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 actions 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 that someone will actually cover.