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Another method to generate money online is via 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 for big companies, but you might be amazed by the types of experience people will pay for. .

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 few decades, a couple of brands reached out for him to request to get assistance with social websites and online marketing. .

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Robert said he did an average of 4-6 of these gigs per year for some time depending on his agenda and the work involved. The best part is, he billed a flat rate that usually worked out to around $100 per hour. And remember, this was cover that he had been earning to advise 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 also set up a free account via Clarity.fm. This website lets anyone who wants to provide consulting set up 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 set up an online class you can market online. You can find online classes that teach anything from cooking to marketing or even freelance writing. Heck, I even provide my own course for financial advisers 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 many different courses, 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 check that he has earned.

Most people set up their online course by means of a platform like Teachable.com. Together with Teachable, you can upload your course materials and utilize the platform to manage clients and accept payments.

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 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 in the time since I wasnt sure I'd be able to monetize my podcast that much in the beginning. .

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But, 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 key to getting ahead 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 great deal of logistics that go into writing, recording, and editing a podcast, but it's still worth considering. .

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Even though the publishing industry was substantial in print, you can complete the entire process of writing, publishing, and marketing a book online nowadays. 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 people can buy it there. .

A blogger I know named Joseph Hogue has a successful blog (My Work Out of Home Money) and a thriving book publishing business. Hogue has written several books he has published online to create an ongoing source of passive income. He says he averages approximately 685 books marketed a month to bring in an average of $1,857 in revenue.

If you think click now you could write a book people would want to buy, this is a smart strategy to consider since the startup 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 prospects. The main actions that you need to complete to create lead earnings work include setting up a site, getting visitors to this website, and making sure you're official website collecting leads that someone will actually pay for.