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Another way to generate money online is through 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 might think youre not important enough to consult for large companies, but you might be amazed by the kinds 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 years, a couple of brands achieved to him to request to get assistance with social media and online marketing. .
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Robert said he'd an average of 4-6 of those gigs annually for a while depending on his schedule and the work involved. The best part ishe charged a flat rate that usually worked out to around $100 per hour. And keep in mind, that was pay that he had been earning to educate people on the best ways 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 website enables anyone who wants to offer consulting set up a free profile. Once your profile is set up, people will find you and book a session youll receive paid for. .
In case you have any skill you can teach others, its possible to prepare an online course you can market online. You can find online classes 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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Last year, I profiled my friend Joseph Michael of Easy Course Creation. Michael presents many different classes, including courses on a writing software named Scrivener. Through time, Michael has earned six figures or more annually selling classes that help individuals achieve the kind of success he has earned.
Another way to generate money online is by hosting an online podcast. I've got the Good Financial Cents podcast to go along with my website, and that I use that stage 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. That was insanely exciting to me at the time since I wasnt sure I would be able to monetize my podcast which 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 shows most recent income file, this podcast brought in a net income of over $400,000 in March 2018. Now, thats mad.
The 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 easiest way to make money online since there are a lot 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 print, you can complete the entire process of writing, publishing, and marketing a publication online these days. Websites like Create Space will let you upload and choose your book to print without getting a formal 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 includes a successful site (My Work Out of Home Money) and also a thriving book publishing business. Hogue has written several books he's published look at these guys online to make an ongoing source of passive income. He says he averages about 685 books marketed a month to bring in an average of 1,857 in revenue.
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Another way to generate money online is by collecting leads. The main actions you need to complete to create lead sales work include setting up recommended you read a site, getting traffic to that website, and making sure you're collecting leads which someone will actually pay for.