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Another method to generate money online is through consulting. In case youre an expert in any field, you might potentially find people willing to pay you to counsel them on their personal or business goals. You might think youre not important enough to consult for large companies, but you could be amazed at the types 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 explained that, after he'd been blogging for a few decades, a couple of brands reached out to him to request for assistance with social media and online marketing. .

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Robert said he did an average of 4-6 of these gigs per year for some time depending on his schedule and the job involved. The best part ishe charged a flat rate that generally worked out to around $100 per hour. And keep in mind, this was cover that he had been earning to educate people on the best ways to use social networking 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 also establish a free account through Clarity.fm. This website lets anyone who wants to provide consulting setup a free profile. Once your profile is initiated, people will find you and book a session youll receive paid for. .

In case you have any skill you can instruct others, its 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 offer my own course for financial advisors 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 named Scrivener. Over time, Michael has earned six figures or more annually selling courses that help individuals achieve the kind of success he's earned.

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Many people set their online course through a platform like Teachable.com. Together with Teachable, you can upload your class materials and use the platform to manage customers and accept payments.

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 useful reference that I use that stage to find new sponsors and advertisers all of 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. That has been insanely exciting for me at the time since I wasnt sure I'd be able to monetize my podcast that much in the beginning. .

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However, 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 shows most recent income report, this podcast brought in a net income of over $400,000 in March 2018. Now, thats crazy.

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 easiest way to generate money online since there are a lot 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 used to be substantial in print, you can finish the entire process of writing, publishing, and marketing a book online nowadays. Websites like Create Space will allow you to upload and take your publication to print without getting an official 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 thriving site (My Work from Home Money) and also 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 approximately 685 books marketed 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 purchase, this is a smart strategy to consider since the startup costs can be minimal and you probably already have a computer and word processing software anyway.

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Another way to generate money online is by collecting prospects. The main actions that you need to finish to create lead earnings work include setting up a site, getting visitors to this website, and making sure you're collecting leads that someone will actually cover.

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