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Another way to generate money online is through consulting. In case youre an expert in any field, you could potentially find people willing to pay you to counsel them on their personal or business objectives. You may think youre not important enough to consult for big companies, but you might be surprised by 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 had been blogging for a couple of decades, a couple of brands reached out for him to ask him for assistance with social websites and online marketing. .
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Robert said he did an average of 4-6 of those gigs annually for a while depending on his schedule 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 pay that he was earning to advise people on the best approaches to use social networking tools such as Facebook and Pinterest to grow their brands. .
If you want to start consulting but arent sure what steps to take next, you can even set up a free account through Clarity.fm. This website enables anyone who wants to offer consulting setup a free profile. Once your profile is initiated, people will find you and book a session youll receive paid for. .
In case you have any ability you can teach others, its possible to set up an online class 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 course for financial advisers 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 classes, including classes on a writing software named Scrivener. Through the years, Michael my company has earned six figures or more annually selling classes that help individuals achieve the kind of success he's earned.
Another way to make money online is by hosting an online podcast. I have 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. This has been insanely exciting to 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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But, 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 displays 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 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 make money online since there are a great deal 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 was heavy in see post print, you can complete the entire process of writing, publishing, and marketing a publication online these days. Websites such as 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 includes a successful blog (My Work Out of Home Money) and a thriving book publishing business. Hogue has written several books he's 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.
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Another way to make money online is by collecting leads. The main actions you need to complete to make lead sales work include setting up a site, getting traffic to this site, and making sure you're collecting leads that someone will actually cover.