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Another way to make money online is via consulting. In case youre an expert in any area, you might 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 large companies, but you could be amazed by the types of expertise people will cover. .

My colleague Robert Farrington of The College Investor is a fantastic 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 brands reached out to him to request to get help with social media and online marketing. .

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Robert stated he did an average of 4-6 of those gigs annually for a while depending on his schedule and the work involved. The best part is, he charged a flat rate that generally worked out to around $100 per hour. And remember, that was cover he was earning to educate people on the best ways to use social media tools like Facebook and Pinterest to increase their brands. .

If you want to start consulting but arent sure what steps to take next, you can also set up a free account via Clarity.fm. This site enables 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 compensated for. .

If you have any skill you can teach 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. 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 offers several different courses, including classes on a writing software named Scrivener. Over the years, Michael has earned six figures or more annually selling classes that help people attain the kind of success he has earned.

Most people set their online course by means of a platform like Teachable.com. Together with Teachable, you can upload your course materials and use the platform to manage customers 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 I use that platform to find new sponsors and advertisers all the time.

I 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 would have the ability to monetize my podcast that much at first. .

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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 displays 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 forward with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect with 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 substantial in print, you can finish the entire process of writing, publishing, and marketing a publication online nowadays. Websites like Create Space will allow you to upload and take your book to print without even getting my website 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 blog (My Work Out of Home Money) and also a thriving book publishing business. Hogue has written several books he's published online to make an ongoing source of passive income. He says he averages approximately 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 purchase, this is a smart way to consider since the start-up prices can be minimal and you most likely 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 finish to make lead sales work include setting up a site, getting traffic to this site, and making sure you're collecting leads which someone will actually cover.