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Another method to generate 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 might think youre not important enough to consult for large companies, but you could be surprised by the types of expertise people will cover. .

My colleague Robert Farrington of The College Investor is a fantastic example of someone who consulted online on both sides in an unlikely industry. Robert told me that, after he'd been blogging for a few decades, a couple of brands reached out for him to request for help with social media and online marketing. .

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Robert said he did an average of 4-6 of those gigs annually for some time depending on his agenda and the job involved. The best part ishe billed a flat rate that usually worked out to around $100 per hour. And remember, this was cover that he had been earning to educate people on the best approaches 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 enables 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 get paid for. .

If you have any skill you can instruct others, its also possible to set up an online course you can advertise online. You can find online classes that teach anything from cooking to marketing or even freelance writing. Heck, I 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 presents many different classes, including classes on a writing software called Scrivener. Through time, Michael has earned six figures or more annually selling classes that help individuals achieve the kind of success he's earned.

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Most people set up their online course through a description platform like Teachable.com. With Teachable, you can upload your class 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 Good Financial Cents podcast to go along with my blog, 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 brief 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 in the beginning. .

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However, there are tons of folks making a lot more than me on their own 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 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 lot of logistics that go into writing, recording, and editing a podcast, but it is still worth considering. .

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Even though the publishing industry used to be substantial in print, you can complete the entire process of writing, publishing, and marketing a publication online these days. Websites such as Create Space will let you upload and choose your book to print without even getting a formal publisher involved, and you can even get your book on Amazon.com so that people can buy it there. .

A blogger look at these guys I know named Joseph Hogue includes a successful site (My Work from Home Money) and a thriving book publishing business. Hogue has written several books he's published online to create 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.

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If you think you could write a book people would want to buy, this is a smart way to consider since the start-up costs can be minimal and you most likely already have a computer and word processing software anyway.

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Another way to make money online is by collecting leads. The main steps that you need to finish to make lead earnings work include setting up a site, getting visitors to that website, and making sure you're collecting leads which someone will really cover.

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