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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 by the types of experience people will cover. .
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 told me that, after he had been blogging for a couple of decades, a couple of brands achieved for him to request for assistance 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 schedule and the job involved. The best part is, he charged a flat rate that generally worked out to around $100 per hour. And remember, this was pay that he had been earning to advise people on the best ways 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 also set up a free account via Clarity.fm. This site enables 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. .
In case you have any ability you can teach 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. HeckI even provide my own path for financial advisors 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 courses, including courses on a writing software named Scrivener. Over the years, Michael has earned six figures or more annually selling classes that help individuals attain the kind of success he's earned.
Another way to make money online is by hosting an online podcast. I have the Good 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 was 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 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 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 great deal of logistics that go into writing, recording, and editing a podcast, but it's still worth considering. .
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While the publishing pop over to this site 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 allow you to upload and take your publication to print without getting a formal publisher involved, and you can even get your book on Amazon.com so people can purchase it there. .
A blogger I know named Joseph Hogue includes a successful blog (My Work additional hints from Home Money) and also a thriving book publishing business. Hogue has written several books he's published online to create an ongoing source of passive income. He says he averages about 685 books sold per month to bring in an average of $1,857 in revenue.
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Another way to make money online is by collecting prospects. The main actions you need to complete to create lead earnings work include setting up a website, getting visitors to that website, and making sure you're collecting leads which someone will actually cover.