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Another method to generate money online is via consulting. If youre an expert in any field, 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 with large companies, but you could be amazed by the kinds of expertise people will pay for. .

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 brands reached out to him to ask him for help with social media and online marketing. .

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Robert stated he'd an average of 4-6 of these gigs annually for some time depending on his agenda and the job involved. The best part ishe charged a flat rate that generally worked out to around $100 per hour. And keep in mind, that was pay that he was earning to educate people on the best ways to use social networking tools like 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 set up a free account through Clarity.fm. This site lets 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 compensated for. .

If you have any skill you can instruct others, its possible to prepare an online class you can advertise 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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Last year, I profiled my friend Joseph Michael of Easy Course Creation. Michael offers many different courses, including classes on a writing software named Scrivener. Over the years, Michael has earned six figures or more annually selling classes that help individuals achieve the kind of success he has earned.

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

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

I still remember getting my first sponsor on the podcast and finding out they were willing to pay $8,000 for me to include a brief clip at the beginning of each podcast for 90 days. That was insanely exciting for me in the time since I wasnt sure I'd be able to monetize my podcast that much in the beginning. .

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

The 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 make 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 was substantial in print, you can finish the entire process of writing, publishing, and marketing a book online these days. Websites like Create Space will let you upload and take 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 also a thriving book publishing business. Hogue has written several books he has published online to create 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 book people would want to purchase, this is a wise way to consider since the start-up costs can be minimal and you most likely already have a computer and word processing applications anyway.

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Another way to make money online is content by collecting leads. The main steps that you need to complete to create lead sales work include setting up a site, getting traffic to this site, and making sure you're collecting leads that someone will actually cover.