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Another method to make money online is through consulting. If youre an expert in any area, you might potentially find individuals willing to pay you to counsel them on their personal or business objectives. You might think youre not important enough to consult with large companies, but you could be amazed at 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 both sides in an unlikely industry. Robert told me that, after he'd been blogging for a couple of years, a couple brands reached out to him to ask him to get help with social media and online marketing. .
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Robert said he did an average of 4-6 of these gigs annually for some time 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 remember, this was cover that 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 also establish a free account via Clarity.fm. This website enables anyone who wants to provide consulting setup a free profile. Once your profile is set up, people will find you and reserve a session youll receive paid for. .
In case you have any ability you can teach others, its also possible to set up an online course you can market online. You can find online classes that teach anything from cooking to marketing or even freelance writing. HeckI 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 courses, including classes on a writing software called Scrivener. Through the years, Michael has earned six figures or more annually selling classes that help people achieve the kind of success he's earned.
Another way to generate money online is by hosting an online podcast. I have 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 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 at the time since I wasnt sure I'd have the ability to monetize my podcast which much at first. .
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But, there are tons of folks making far more than me on their own 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 real 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 generate 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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While the publishing industry used to be heavy in print, you can complete the entire process of writing, publishing, and marketing a publication online nowadays. Websites like Create Space will let you upload and take your click here for more book 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 has a thriving site (My Work Out of Home Money) and also 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 that he averages about 685 books marketed a month to review 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 actions that you need to complete to create lead earnings work include setting up a website, getting visitors to that website, and making sure you're collecting leads that someone will really cover.