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Another way to generate money online is through consulting. In case youre an expert in any area, you could potentially find people 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 could be surprised at the types of experience 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 told me that, after he'd been blogging for a couple of years, a couple of brands achieved for him to request for help with social websites 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 billed a flat rate that generally worked out to around $100 per hour. And keep in mind, this was pay he had been earning to educate people on the best approaches to use social media tools like 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 provide consulting set up a free profile. Once your profile is set up, people will find you and reserve a session youll get paid for. .

In case you have any skill you can instruct others, its possible to prepare an online class you can advertise online. You can find online courses that teach anything from cooking to marketing or even freelance writing. Heck, I even provide my own course 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 presents several different classes, including courses on a writing software named Scrivener. Over time, Michael has earned six figures or more annually selling classes that help people attain the kind of success he's earned.

Most people set up their online course through a platform such as Teachable.com. With Teachable, you can upload your class materials and use the platform to manage clients and accept payments.

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 that I use that platform 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 brief clip at the beginning of each podcast for 90 days. That has been insanely exciting for me in the time since I wasnt sure I'd have the ability to monetize my podcast that much in the beginning. .

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However, there are tons of people making far 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 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 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 heavy in print, you can finish the entire process of writing, publishing, and marketing a book online these days. Websites such as Create Space will let you upload and choose your book to print without even find more information getting a formal publisher involved, and you can even get your book on Amazon.com so people can buy it there. .

A blogger I know named Joseph Hogue includes a thriving site (My Work Out of Home Money) and a thriving book publishing business. Hogue has written a few books he's published online to make an ongoing source of passive income. He says he averages about 685 books marketed per month to bring in an average of 1,857 in revenue.

If you think you could write a novel people would want to buy, this is a smart strategy to consider since the startup prices 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 leads. The main actions that you need to complete to create lead sales work include setting up a site, getting visitors to that site, and making sure you're collecting leads which someone will actually cover.