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Another way to make money online is through consulting. In case youre an expert in any area, 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 with big companies, but you might be surprised by the types of experience 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 explained that, after he had been blogging for a few decades, a couple of brands achieved 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 those gigs per year for some time depending on his agenda and the work involved. The best part ishe billed a flat rate that usually worked out to around $100 per hour. And keep in mind, that was cover he had been 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 via Clarity.fm. This site 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 compensated for. .

If you have any skill you can instruct others, its possible to prepare an online class 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 several different courses, including courses on a writing software named Scrivener. Over time, 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 by means of a platform like Teachable.com. With Teachable, you can upload your course materials and use 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 blog, and I use that stage to find new sponsors and advertisers all the time.

I remember getting my first sponsor on the podcast and finding out they were willing to pay $8,000 for me to include a short clip at the beginning of each podcast for 90 days. That was insanely exciting to me at the time since I wasnt sure I would be able to monetize my podcast that much in the beginning. .

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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 forward 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 make my response money online since there are a lot 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 heavy in print, you can complete the entire process of writing, publishing, and marketing a publication online nowadays. Websites like Create Space will allow you to upload and choose your publication to print without 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 site (My Work from Home Money) and a thriving book publishing business. Hogue has written a few books he's published online to create an ongoing source of passive income. He says that he averages approximately 685 books sold a month to bring in an average of 1,857 in revenue.

If you think you could write a book people would want to buy, this is a wise strategy to consider since the startup 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 you need to complete to make lead sales work include setting up a site, getting traffic to that website, and making sure you're collecting leads which someone will really pay for.