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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 people willing to pay you to counsel them on their personal or business objectives. You might think youre not important enough to consult for big companies, but you might be amazed by the types of expertise people will pay for. .

My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on both sides in an unlikely industry. Robert told me that, after he had been blogging for a few years, a couple of brands reached out for him to request to get help with social websites and online marketing. .

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Robert stated he'd an average of 4-6 of these gigs per year for some time 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 remember, that was pay he had been earning to advise people on the best approaches to use social media tools such as Facebook and Pinterest to increase their brands. .

If you want to start 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 set up, people will find you and reserve a session youll get compensated for. .

If you have any ability you can instruct others, its also 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. HeckI even offer 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 presents many different courses, including classes on a writing applications called Scrivener. Over the years, Michael has earned six figures or more annually selling classes that help individuals attain the kind of success he has earned.

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Most people set up their online course through a platform like Teachable.com. With Teachable, you can upload your course materials and utilize the platform to manage clients and accept payments.

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

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

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But, there are tons of folks 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 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 with sponsors. This isnt the easiest way to make money online since there are a great deal of logistics that wikipedia reference go into writing, recording, and editing a podcast, but it's still worth considering. .

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Even though the publishing industry used to be substantial in print, you can complete the entire process of writing, publishing, and marketing a publication online these days. Websites such as Create Space will let you upload and take your publication 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 thriving site (My Work from Home Money) and a thriving book publishing business. Hogue has written a few books he's published online to create 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 book people would want to purchase, this is a wise strategy to consider since the startup costs can be minimal and you probably 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 actions you need to complete to make lead sales work include setting up a website, getting traffic to that website, and making sure you're collecting leads that someone will really cover.

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