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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 objectives. You may think youre not important enough to consult for big companies, but you might be surprised at 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 the side in an unlikely industry. Robert explained that, after he had been blogging for a few years, a couple of brands achieved for him to request to get help with social websites and online marketing. .

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Robert said he'd an average of 4-6 of these gigs per year for some time depending on his agenda and the job involved. The best part ishe charged a flat rate that usually worked out to around $100 per hour. And keep in mind, this was pay he had been earning to advise people on the best approaches to use social networking tools like Facebook and Pinterest to grow their brands. .

If you want to start consulting but arent sure what steps to take next, you can also set up a free account through Clarity.fm. This site enables anyone who wants to offer consulting set up a free profile. Once your profile is initiated, people will find you and book a session youll receive compensated for. .

In case you have any ability you can teach others, its also possible to set up 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 provide 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 presents several different classes, including courses on a writing applications called 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.

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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 blog, and I use that platform to find new sponsors and advertisers all 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. That has been insanely exciting to me at the time since I wasnt sure I'd be able to monetize my podcast which 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 file, this podcast introduced 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 to sponsors. This isnt the simplest way to make money online since there are a lot of logistics that go check that 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 finish the entire process of writing, publishing, and marketing a book online nowadays. Websites such as Create Space will let you upload and choose your Get the facts book to print without even getting an official 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 includes a successful site (My Work from Home Money) and also a thriving book publishing business. Hogue has written several books he's published online to make an ongoing source of passive income. He says that he averages about 685 books marketed 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 buy, this is a smart way to consider since the startup costs can be minimal and you most likely 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 steps you need to finish to make lead sales work include setting up a site, getting visitors to that website, and making sure you're collecting leads that someone will actually pay for.

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