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Another way to make money online is through consulting. In case youre an expert in any area, you might 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 large companies, but you could be surprised by the kinds of experience people will cover. .

My colleague Robert Farrington of The College Investor is a fantastic example of someone who consulted online on both sides in an unlikely industry. Robert explained that, after he had been blogging for a couple of years, a couple brands achieved to him to ask him for assistance with social media and online marketing. .

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Robert stated he did an average of 4-6 of those gigs annually for some time depending on his schedule and the job involved. The best part is, he billed a flat rate that usually worked out to around $100 per hour. And keep in mind, that was cover he was earning to educate people on the best approaches to use social media tools such as Facebook and Pinterest to increase their brands. .

If you want to get started consulting but arent sure what steps to take next, you can also set up a free account via Clarity.fm. This website enables anyone who wants to provide consulting setup a free profile. Once your profile is initiated, people will find you and reserve a session youll get compensated for. .

In case you have any skill you can instruct others, its also 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 offer my own course 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 many different classes, including courses on a writing software named Scrivener. Over the years, Michael has earned six figures or more annually selling classes that help people achieve the kind of success he has earned.

Many people set up their online course through a platform such as Teachable.com. Together with Teachable, you can upload your course materials and use the platform to manage clients 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 that I use that platform to find new sponsors and advertisers all of 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 brief clip at the beginning of each podcast for 90 days. This has been insanely exciting for me in the time since I wasnt sure I would have the ability to monetize my podcast that much in the beginning. .

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However, there are tons of folks making a lot more than me on their podcasts. Take the Entrepreneur On Fire Podcast hosted by John Lee Dumas. According to the shows 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 forward with podcasting is finding your niche, growing an click for more audience, and then finding ways to monetize and connect with sponsors. This isnt the easiest way to make 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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Even though the publishing industry was substantial in print, you can finish the entire process of writing, publishing, and marketing a book online these days. Websites like Create Space will let you upload and take your book 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 thriving blog (My Work from Home Money) and 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 about 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 purchase, this is a smart 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 generate money online is by collecting leads. The main actions you need to finish to create lead earnings work include setting up a website, getting visitors to this website, and making sure you're collecting leads that someone will really pay for.