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Another method to make money online is through 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 goals. You may think youre not important enough to consult with big companies, but you could be surprised 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 told me that, after he'd been blogging for a few years, 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 said he did an average of 4-6 of these gigs per year for a while depending on his schedule and the work involved. The best part is, he charged a flat rate that usually 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 networking tools such as 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 establish a free account via Clarity.fm. This site lets anyone who wants to offer consulting set up a free profile. Once your profile is set up, people will find you and book a session youll get compensated for. .

In case you have any ability 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 offers several different classes, including classes on a writing software named Scrivener. Through the years, Michael has earned six figures or more annually selling classes that help individuals achieve the kind of success he has earned.

Most people set their online course through a platform such as Teachable.com. With Teachable, you can upload your class materials and utilize the platform to manage customers 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 I use that stage 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 short clip at the beginning of each podcast for 90 days. This has been insanely exciting to me in the time since I wasnt sure I would be able to monetize my podcast which much in the beginning. .

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But, 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 shows most recent income report, this podcast introduced in a net income of over $400,000 in March 2018. Now, thats mad.

The real key to getting ahead content 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 used to be substantial in print, you can complete the entire process of writing, publishing, and marketing a book online these days. Websites like Create Space will let you 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 purchase it there. .

A blogger I know named Joseph Hogue has a successful site (My Work Out of Home Money) and a thriving book publishing business. Hogue has written several books he has published online to make 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 novel people would want to buy, this is a smart strategy to consider since the start-up 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 prospects. The main actions that you need to complete to create lead sales work include setting up a site, getting visitors to this website, and making sure you're collecting leads which someone will really cover.