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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 people 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 might be amazed by the kinds of experience 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 had been blogging for a few years, a couple brands reached out to him to request for 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 a while 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, that was cover that he had been earning to educate people on the best ways 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 even establish a free account via Clarity.fm. This website lets anyone who wants to offer consulting set up a free profile. Once your profile is set up, people will find you and book a session youll receive compensated for. .

In case you have any skill you can instruct others, its also possible to set up an online class you can market online. You can find online classes that teach anything from cooking to marketing or even freelance writing. HeckI even offer 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 courses, including courses on a writing software named Scrivener. Over the years, Michael has earned six figures or more annually selling classes that help people achieve the kind of success he's earned.

Many 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've got 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 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. That has been insanely exciting for me in the time since I wasnt sure I would have the great site ability to monetize my podcast that much in the beginning. .

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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 displays 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 ahead 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 complete the entire process of writing, publishing, and marketing a publication online nowadays. Websites such as Create Space will allow you to upload and choose your publication to print without even getting a formal publisher involved, and you can even get your book on Amazon.com so people can buy it there. .

A blogger I know named Joseph Hogue has a successful blog (My Work Out of Home Money) and also 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 approximately 685 books sold 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 smart way 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 leads. The main actions that you need to complete to create lead sales work include setting up a site, getting traffic to this website, and making sure you're collecting leads which someone will actually pay for.