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Another way to make money online is via consulting. If 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 might be amazed at the kinds of expertise people will pay for. .
My colleague Robert Farrington of The College Investor is a good 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 decades, a couple of brands reached out for him to ask him to get assistance with social media and online marketing. .
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Robert stated he did an average of 4-6 of these gigs per year for some time depending on his agenda and the work involved. The best part is, he charged a flat rate that usually worked out to around $100 per hour. And remember, that was pay he had been earning to advise people on the best ways to use social media tools like Facebook and Pinterest to grow their brands. .
If you want to start consulting but arent sure what steps to take next, you can also establish a free account through Clarity.fm. This site enables 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 get paid for. .
In case you have any skill you can instruct others, its possible to prepare 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 offer my own path 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 several different classes, including courses on a writing software named Scrivener. Over time, Michael has earned six figures or more annually selling courses that help individuals attain the kind of success he has earned.
Most people set up their online course through a platform like Teachable.com. With Teachable, you can upload your course materials and utilize the platform to manage clients and accept payments.
Another way to make 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 stage to find new sponsors and advertisers all the time.
I 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. This was insanely exciting for me in the time since I wasnt informative post sure I'd have the ability to monetize my podcast that 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 brought in a net income of over $400,000 in March 2018. Now, thats mad.
The key to getting forward 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 make 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 finish the entire process of writing, publishing, and marketing a publication online these days. Websites like Create Space will allow you to 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 that people can buy it there. .
A blogger I know named Joseph Hogue has a successful site (My Work Out of Home Money) and also a thriving book publishing business. Hogue has written several books he has published online to create 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.
If you think you could write a book people would want to buy, this is a smart way to consider since the startup costs can be minimal and you probably already have a computer and word processing applications anyway.
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Another way to make money online is by collecting leads. The main steps 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 which someone will actually pay for.