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Another way to make money online is via consulting. In case youre an expert in any field, you could 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 types of experience people will cover. .
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 explained that, after he had been blogging for a couple of years, a couple brands achieved to him to request for assistance with social media and online marketing. .
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Robert said he'd an average of 4-6 of those gigs annually for a while depending on his agenda and the job involved. The best part ishe charged a flat rate that generally worked out to around $100 per hour. And remember, this was cover that he was earning to educate people on the best ways to use social media tools such as 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 via Clarity.fm. This site enables anyone who wants to offer consulting setup a free profile. Once your profile is set up, people will find you and reserve a session youll receive paid for. .
If you have any skill you can teach others, its also possible to set up an online class 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 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 presents many different classes, including classes on a writing software Click This Link named Scrivener. Through the years, Michael has earned six figures or more annually selling courses that help people achieve 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 that I use that platform 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 brief clip at the beginning of each podcast for 90 days. This was insanely exciting to me at the time since I wasnt sure I would be able to monetize my podcast which much in the beginning. .
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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 shows most recent income report, this podcast brought 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 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 is useful content still worth considering. .
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While the publishing industry used to be heavy in print, you can finish the entire process of writing, publishing, and marketing a publication online these days. Websites like Create Space will allow you to 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 has a successful blog (My Work from Home Money) and a thriving book publishing business. Hogue has written several books he's published online to make an ongoing source of passive income. He says that he averages approximately 685 books marketed a 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 complete to create lead sales work include setting up a site, getting visitors to this site, and making sure you're collecting leads that someone will actually pay for.