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Another method to generate money online is via consulting. If youre an expert in any field, you could potentially find people willing to pay you to counsel them on their personal or business goals. You may think youre not important enough to consult with big companies, but you might be amazed at the types of experience people will cover. .
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'd been blogging for a couple of decades, a couple brands reached out for him to request for assistance with social media and online marketing. .
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Robert stated he did an average of 4-6 of those gigs per year for a while depending on his agenda and the job involved. The best part is, he billed a flat rate that generally worked out to around $100 per hour. And keep in mind, that was pay he was 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 also set up a free account via 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 reserve a session youll get paid for. .
In case you have any skill you can teach others, its 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 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 several different courses, including courses on a writing software named Scrivener. Through time, Michael has earned six figures or more annually selling classes that help individuals achieve the kind of success he's earned.
Most people set their online course through a platform like 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 that I use that stage to find new sponsors and advertisers all of 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. This has been insanely exciting for me in the time since I wasnt sure I'd have the ability to monetize my podcast that much at first. .
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However, there are tons of people making far more than me why not find out more on their podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the displays most recent income report, 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 easiest way to make 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 used to be substantial in print, you can finish the entire process of writing, publishing, and marketing a publication online these days. Websites like Create Space will let you upload and choose your publication 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 has a thriving site (My Work Out of 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 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 Your Domain Name consider since the startup costs can be minimal and you most likely 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 steps that you need to finish to create lead earnings work include setting up a website, getting traffic to this site, and making sure you're collecting leads that someone will actually pay for.