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Another method to generate money online is through 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 big companies, but you might be amazed at 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 both sides in an unlikely industry. Robert told me that, after he had been blogging for a couple of years, a couple of brands reached out for him to ask him for help with social websites and online marketing. .

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Robert stated he did an average of 4-6 of these gigs annually for a while depending on his schedule and the work involved. The best part ishe billed a flat rate that generally 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 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 website lets anyone who wants to offer consulting set up a free profile. Once your profile is initiated, people will find you and reserve a session youll receive paid for. .

If you have any skill you can instruct others, its also possible to prepare an online class you can advertise online. You can find online courses 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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This past Year, I profiled my friend Joseph Michael of Easy Course Creation. Michael presents several different courses, including courses on a writing software called Scrivener. Over i was reading this the years, Michael has earned six figures or more annually selling courses that help individuals attain the kind of success he's earned.

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Many people set their online course by means of 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 Great Financial Cents podcast to go along with my website, and 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 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 to me at the time since I wasnt sure I would have the ability to monetize my podcast that much in the beginning. .

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However, there are tons of folks making a lot more than me on their own podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the shows most recent income file, this podcast introduced 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 with sponsors. This isnt the simplest way to generate money online since there are a lot of logistics that go into writing, recording, and editing a podcast, but it's still worth considering. .

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Even though the publishing industry was substantial 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 take your book to print without even getting an official 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 has a successful 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 sold 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 purchase, this is a smart strategy to consider since the startup prices 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 actions you need to complete to create lead earnings work include setting up a site, getting visitors to that website, and making sure you're collecting leads which someone will actually cover.

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