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Another way to make money online is via consulting. If 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 might think youre not important enough to consult for large companies, but you could be amazed at 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 years, a couple brands reached out for him to ask him to get assistance with social websites and online marketing. .

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Robert said he did an average of 4-6 of those gigs annually for a while depending on his agenda and the job involved. The best part ishe charged a flat rate that generally worked out to around $100 per hour. And remember, this was cover that he had been earning to educate people on the best ways to use social media tools such as Facebook and Pinterest to increase their brands. .

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

If you have any skill you can instruct others, its also possible to prepare 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 provide my own path for financial advisers who want to take their businesses online The Online Advisor Growth Formula. .

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This past Year, I profiled my friend Joseph Michael of Easy Course Creation. Michael presents several different classes, including courses on a writing software called 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 their online course by means of a platform like Teachable.com. Together with Teachable, you can upload your course materials and use the platform to manage clients and accept payments.

Another way to make money online is by hosting an online podcast. I have the Good Financial Cents podcast to go along with my blog, 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 that they were willing to pay $8,000 for me to include a short clip at the beginning of each podcast for 90 days. This was insanely exciting to me at the time since I wasnt sure I would be able to monetize my podcast that much at first. .

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But, there are tons of people making far 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 mad.

The real key to getting ahead 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 great deal 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 heavy in print, you can finish the entire process of writing, publishing, and marketing a book online these days. 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 here on Amazon.com so that people can purchase it there. .

A blogger I know named Joseph Hogue includes a thriving site (My Work Out of Home Money) and also 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 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 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 finish to create lead sales work include setting up a website, getting traffic to that website, and making sure you're collecting leads which someone will actually pay for.