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Another method to make money online is through consulting. In case 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 might think youre not important enough to consult with large companies, but you could be surprised by the kinds of experience 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 explained that, after he had been blogging for a few years, a couple of brands reached out for him to ask him for 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 schedule and the work involved. The best part ishe billed a flat rate that generally worked out to around $100 per hour. And remember, this was pay he was earning to educate people on the best ways to use social media tools such as 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 via Clarity.fm. This website lets anyone who wants to offer consulting setup a free profile. Once your profile is initiated, people will find you and reserve a session youll get paid for. .

If you have any skill you can instruct others, its possible to prepare an online course you can market online. You can find online courses 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 many different classes, including courses on a writing applications called Scrivener. Over the years, 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. Together with Teachable, you can upload your course materials and use the platform to manage clients and accept payments.

Another way to generate money online is by hosting an online podcast. I have the Good 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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However, there are tons of people making a lot 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 ahead with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect to 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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While the publishing industry used to be 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 choose your publication to print without getting a formal publisher involved, and you can even get your book on Amazon.com so people can purchase it there. .

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

If you think you could write a book people would want to purchase, this is a smart strategy to consider since the start-up costs can be minimal and you most likely already have a computer and word processing applications anyway.

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Another way to make money online is by collecting prospects. The main actions you need to finish to make lead earnings work include setting up a website, getting visitors to that website, and making sure you're collecting leads which someone will actually cover.