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Another method 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 for large companies, but you could be surprised by the kinds of expertise 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 years, a couple of brands achieved to him to ask him for help with social media and online marketing. .

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Robert said he did an average of 4-6 of those gigs per year for a while depending on his schedule and the job involved. The best part ishe billed a flat rate that usually worked out to around $100 per hour. And remember, this was cover that he had been earning to educate people on the best approaches to use social media tools such as Facebook and Pinterest to grow their brands. .

If you want to get started consulting but arent sure what steps to take next, you can also set up a free account through Clarity.fm. This website enables 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 get paid for. .

If you have any ability you can instruct others, its also possible to set up an online class you can market online. You can find online courses 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 several different classes, including courses on a writing software named Scrivener. Over time, Michael 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 by means of a platform like Teachable.com. Together 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 Good 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 for me at the time since I wasnt sure I would have the ability to monetize my podcast which much at first. .

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

The real key to getting ahead 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 generate money online page 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 industry was substantial in print, you can complete the entire process of writing, publishing, and marketing a book online nowadays. Websites like Create Space will let you upload and take your publication to print without even getting a formal 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 blog (My Work from Home Money) and also 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 that he averages about 685 books sold per month to bring in an average of $1,857 in revenue.

If you think you could write a book people would want to buy, this is a wise way to consider since the start-up prices can be minimal and you most likely already have a computer and word processing applications anyway.

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Another way to generate money online is by collecting leads. The main steps you need to finish to make lead sales work include setting up a site, getting visitors to that site, and making sure you're collecting leads that someone will really cover.