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Another way to make money online is via consulting. If youre an expert in any field, you could potentially find people 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 by the types of expertise people will pay for. .
My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on both sides in an unlikely industry. Robert told me that, after he had been blogging for a few decades, a couple of brands achieved to him to request to get help 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 a while depending on his agenda and the job involved. The best part is, he charged a flat rate that generally worked out to around $100 per hour. And remember, that was pay he had been earning to advise people on the best approaches to use social networking tools like Facebook and Pinterest to increase their brands. .
If you want to start consulting but arent sure what steps to take next, you can even set up a free account through Clarity.fm. This website enables anyone who wants to provide consulting set up a free profile. Once your profile is initiated, people will find you and reserve a session youll get compensated for. .
If you have any ability you can instruct others, its also possible to prepare an online class you can market 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 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 several different classes, this including classes on a writing software named Scrivener. Over time, Michael has earned six figures or more annually selling classes that help people achieve the kind of success he has earned.
Another way to make money online is by hosting an online podcast. I've got the Good Financial Cents podcast to go along with my blog, and 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 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 at the time since I wasnt sure I would have the ability to monetize my podcast which much at first. .
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However, there are tons of folks making far more than me on their podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the displays most recent income file, this podcast introduced in a net income of over $400,000 in March 2018. Now, thats crazy.
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 simplest way to make 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 was substantial in print, you can finish the entire process of writing, publishing, and marketing a publication online nowadays. Websites like Create Space will let you upload and take your publication to print without even getting an official publisher involved, and you can even get your book on Amazon.com so people can check that buy it there. .
A blogger I know named Joseph Hogue includes a thriving blog (My Work from Home Money) and also a thriving book publishing business. Hogue has written several books he's published online to make an ongoing source of passive income. He says he averages approximately 685 books sold a month to 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 steps that you need to complete to make lead sales work include setting up a website, getting traffic to this site, and making sure you're collecting leads that someone will really pay for.