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Another method to make 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 objectives. You may think youre not important enough to consult with large companies, but you could be amazed by the kinds of expertise people will pay for. .

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'd been blogging for a couple of years, a couple brands reached out for him to ask him for assistance with social media and online marketing. .

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Robert stated he'd an average of 4-6 of those gigs annually for some time depending on his agenda and the work involved. The best part is, he charged a flat rate that generally worked out to around $100 per hour. And keep in mind, this was pay he had been earning to advise people on the best ways to use social media tools like Facebook and Pinterest to grow their brands. .

If you want to get started consulting but arent sure what steps to take next, you can also establish a free account through Clarity.fm. This site lets anyone who wants to offer consulting set up a free profile. Once your profile is set up, people will find you and reserve a session youll get paid for. .

If you have any skill you can teach others, its also possible to set up an online course you can advertise 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 called Scrivener. Through the years, Michael has earned six figures or more annually selling courses that help people attain the kind of success he has earned.

Most people set their online course by means of a platform like Teachable.com. Together with Teachable, you can upload your class 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 Great Financial Cents podcast to go along with my website, 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 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 to 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 far more than me on their their explanation 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 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 generate 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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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 like 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 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 a few books he has 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 novel people would want to purchase, this is a smart way to consider since the startup prices can be minimal and you most likely 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 complete to make lead earnings work include setting up a website, getting visitors to that site, and making sure you're collecting leads which someone will actually cover.