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Another way to generate 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 goals. You might think youre not important enough to consult for large companies, but you might be surprised by the types of experience people will cover. .

My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on both sides in an unlikely industry. Robert told me that, after he had been blogging for a couple of years, a couple of brands reached out to him to request to get help with social websites and online marketing. .

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Robert said he'd an average of 4-6 of those gigs per year for a while depending on his schedule and the work involved. The best part ishe billed a flat rate that generally worked out to around $100 per hour. And remember, that was pay that he was 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 get started consulting but arent sure what steps to take next, you can even establish a free account via Clarity.fm. This site enables anyone who wants to offer consulting setup a free profile. Once your profile is set up, people will find you and reserve a session youll receive paid for. .

If 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 offer 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 presents many different courses, including classes on a writing software named Scrivener. Through the years, Michael has earned six figures or more annually selling courses that help individuals achieve the kind of success he has earned.

Many people set their online course by means of a platform such as Teachable.com. Together with Teachable, you can upload your class try this website materials and utilize the platform to manage customers and accept payments.

Another way to make money online is by hosting an online podcast. I have the Great Financial Cents podcast to go along with my blog, and I use that platform to find new sponsors and advertisers all of the time.

I still 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. That has been insanely exciting to me at the time since I wasnt sure I would have the ability to monetize my podcast which much at first. .

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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 report, this podcast introduced 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 to sponsors. This isnt the easiest way to generate 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 used to be heavy 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 choose 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 that he averages about 685 books sold per 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 way to consider since the startup costs can be minimal and you most likely already have a computer and word processing applications anyway.

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Another way to make money online is by collecting leads. The main actions you need to complete to create lead earnings work include setting up a website, getting traffic to that site, and making sure you're collecting leads that someone will really pay for.