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Another method to make money online is via consulting. In case youre an expert in any area, 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 with large companies, but you could be amazed at the kinds of expertise 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 had been blogging for a few years, a couple brands achieved for him to request to get 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 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 remember, that was cover he had been earning to advise people on the best approaches to use social networking tools like Facebook and Pinterest to grow their brands. .
If you want to get started consulting but arent sure what steps to take next, you can even set up a free account through Clarity.fm. This website lets anyone who wants to provide consulting set up a free profile. Once your profile is set up, people will find you and book a session youll receive compensated for. .
In case you have any ability you can teach others, its also possible to set up 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 provide my own course 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 offers many different classes, including classes on a writing software named Scrivener. Over time, Michael has earned six figures or more annually selling additional hints classes that help people achieve the kind of success he has 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 website, and that I use that stage to find new sponsors and advertisers all 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 short clip at the beginning of each podcast for 90 days. That was insanely exciting to me at the time since I wasnt sure I would be able to monetize my podcast that much at first. .
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But, there are tons of people making a lot more than me on their own podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the displays most recent income file, this podcast brought in a net income of over $400,000 in March 2018. Now, thats crazy.
The real 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 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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Even though the publishing industry was substantial in print, you can complete the entire process of writing, publishing, and marketing a book online nowadays. Websites such as Create Space will allow you to upload and choose your publication to print without 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 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 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 steps that you need to finish to make lead sales work include setting up a site, getting visitors to that website, and making sure you're collecting leads that someone will actually pay for.