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Another way to make money online is via consulting. If youre an expert in any field, 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 large companies, but you could be amazed by 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 told me that, after he'd been blogging for a few decades, a couple brands reached out to him to ask him for assistance with social websites and online marketing. .
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Robert stated he did an average of 4-6 of these gigs per year for a while depending on his schedule 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, that was pay he had been earning to advise people on the best ways to use social networking tools like 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 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 receive paid for. .
In case you have any skill 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 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 classes, including courses on a writing applications named Scrivener. Through time, Michael has earned six figures or more annually selling courses that help people attain the kind of success he's earned.
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 blog, and I use that platform to find new sponsors and advertisers all 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 has been insanely exciting for me in the time since I wasnt sure I'd have the ability to monetize my podcast which much in the beginning. .
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However, there are tons of folks making a lot original site more than me on their podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the shows most recent income file, this podcast brought in a net income of over $400,000 in March 2018. Now, thats mad.
The key to getting forward 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 generate money online since there are a great deal of logistics that go into writing, recording, and editing a podcast, but it is 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 go right here marketing a publication online nowadays. Websites like Create Space will let you upload and choose your book 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 Out of Home Money) and a thriving book publishing business. Hogue has written a few books he has published online to create an ongoing source of passive income. He says that he averages about 685 books sold per month to click now 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 you need to finish to make lead earnings work include setting up a site, getting visitors to this site, and making sure you're collecting leads which someone will actually pay for.