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Another way to generate money online is through consulting. If 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 big companies, but you could be surprised by the types 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 explained that, after he had been blogging for a couple of decades, a couple brands achieved for him to ask him to get help with social websites and online marketing. .

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Robert said he'd an average of 4-6 of those gigs per year for some time depending on his schedule and the job involved. The best part is, he charged a flat rate that usually worked out to around $100 per hour. And remember, this was cover he had been earning to advise people on the best approaches to use social networking tools such as Facebook and Pinterest to increase their brands. .

If you want to get started consulting but arent sure what steps to take next, you can even establish a free account through Clarity.fm. This site 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 get paid for. .

If you have any skill you can instruct others, its also possible to set up an online course you can market online. You can find online courses that teach anything from cooking to marketing or even freelance writing. Heck, I even offer my own path 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 offers many different classes, including courses on a Read More Here writing software named Scrivener. Through the years, Michael has earned six figures or more annually selling courses that help people attain the kind of success he has earned.

Most people set their online course through a platform such as Teachable.com. With Teachable, you can upload your course 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 Great 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 still remember getting my first sponsor on the podcast and finding out that they were willing to pay $8,000 for me to include a short clip at the beginning of each podcast for 90 days. This has been insanely exciting for me in the time since I wasnt sure I would 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 podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the shows most recent income report, 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 simplest way to make money online since there are a lot of logistics that go into writing, recording, and editing a podcast, but it is still worth considering. .

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While the publishing industry used to be heavy in print, you can complete the entire process of writing, publishing, and marketing a book online these days. Websites like Create Space will let you upload and take your book 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 thriving blog (My Work from Home Money) and also a thriving book publishing business. Hogue has written several books he has published online to make an ongoing source of passive income. He says that he averages about 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 purchase, this is a smart 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 make money online is by collecting prospects. The main actions you need to finish to make lead sales work include setting up a site, getting traffic to that site, and making sure you're collecting leads that someone will really cover.