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Another method to generate money online is via consulting. If youre an expert in any area, you could potentially find people willing to pay you to counsel them on their personal or business objectives. You may think youre not important enough to consult with large 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 explained that, after he had been blogging for a few years, a couple of brands reached out for him to request to get help with social media and online marketing. .
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Robert stated he'd an average of 4-6 of those gigs per year for some time depending on his agenda and the work involved. The best part ishe charged a flat rate that generally worked out to around $100 per hour. And keep in mind, this was pay he had been earning to advise people on the best ways to use social media tools such as 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 website lets 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. .
If you have any ability you can instruct others, its also possible to set up an online class 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 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 classes on a writing applications named Scrivener. Over the years, Michael has earned six figures or more annually selling courses 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 Great Financial Cents podcast to go along with my blog, and I use that stage to find new sponsors and advertisers all the time.
I 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. That has been insanely exciting to me at the time since I wasnt sure I'd be able to monetize my podcast which much at first. .
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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 report, this podcast introduced in a net income of over $400,000 in March 2018. Now, thats mad.
The real 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 official site simplest way to make 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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Even though the publishing industry was heavy in print, you can finish the entire process of writing, publishing, and marketing a publication online nowadays. Websites like Create Space will let you upload and choose your publication to print without even getting a formal 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 includes a successful blog (My Work Out of Home Money) and also a thriving book publishing business. Hogue has written a few books he has 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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Another way to generate money online is by collecting leads. The main actions that you need to finish to make lead earnings work include setting up a site, getting visitors to this website, and making sure you're collecting leads that someone will really cover.