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Another way to generate money online is via consulting. In case youre an expert in any field, you might potentially find individuals willing to pay you to counsel them on their personal or business goals. You may think youre not important enough to consult for large companies, but you might be amazed by 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 told me that, after he had been blogging for a couple of decades, a couple brands achieved 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 annually 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 that he was earning to advise people on the best ways to use social media tools such as Facebook and Pinterest to increase 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 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 ability you can teach others, its possible to set up an online course you can advertise online. You can find online courses that teach anything from cooking to marketing or even freelance writing. HeckI even offer 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 offers many different courses, including classes 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.

Many people set their online course by means of a platform such as Teachable.com. With Teachable, you can upload your course materials and utilize the platform to manage customers 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 website, 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 has been insanely exciting for me in the time since I wasnt sure I would be able to monetize my podcast that much at first. .

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But, like it 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 file, this podcast brought in a net income of over $400,000 in March 2018. Now, thats crazy.

The real 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 easiest 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 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 book to print without even 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 includes a thriving site (My Work from Home Money) and a thriving book publishing business. my company Hogue has written a few books he has published online to make an ongoing source of passive income. He says he averages about 685 books marketed a month to bring in an average of $1,857 in revenue.

If you think you could write a novel people would want to purchase, this is a wise way to consider since the startup prices can be minimal and you most likely already have a computer and word processing applications 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 site, and making sure you're collecting leads which someone will actually pay for.