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This website lets anyone who wants to offer consulting set up a free profile. You can find online courses 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.
Most people set up their online course through a platform like Teachable. With Teachable, you can upload your course materials and use the platform to manage customers 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 I use that platform to find new sponsors and advertisers all the time.
However, there are tons of people making a lot more than me on their podcasts. The key to getting ahead with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect with sponsors.
While the publishing industry used to be heavy in print, you can complete 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 getting a formal publisher involved, and you can even get your book on Amazon.
Hogue has written several books he has published online to create an ongoing source of passive income. Not bad, huh?
If you think you could write a book people would want to buy, this is a smart strategy to consider since the start-up costs can be minimal and you probably already have a computer and word processing software anyway.
Another way to make money online is by collecting leads. While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients.
As a result, I started selling the leads I gathered instead. Basically, lead buyers are willing to pay for the personal information I gather from people who visit my website.
This is a win-win for everyone since I get paid for the leads and my website visitors are connected with someone who can help them.
Keep in mind though, you can sell leads in many different industries —not just life insurance. Really, you just need to figure out a niche, build a website and traffic, and see how much you can get for the leads you collect.
Holly told me she started writing content in At the time, she still worked a full-time job but created content online part-time to supplement her income.
Over time, she was able to double and triple her rates until she could quit her full-time job to write.
These days, she makes bank as a freelance writer and teaches others to do the same via her online course, Earn More Writing. According to Johnson, the key to making it as a freelance writer is figuring out a niche, networking with people who might hire you, and delivering high quality content percent of the time.
If you have a website or a large social media following, you can also make money by pursuing sponsored posts and ads.
But, how does this work? Basically, companies are willing to pay bloggers and social media influencers to promote their products and services. If you have a platform, be it a blog or a huge Instagram following, you can cash in.
Later on, however, I realized companies that wanted a sponsored post really just wanted a link from my website to their own site. For that reason, I started increasing my rates.
I also only promote companies I use or believe in. My wife has a pretty big Instagram following, and she gets all kinds of sponsorships. Not only does she get paid in cash, but we get a lot of free stuff, too.
She only promotes things she loves though, so this strategy works really well for her. Need more ideas on how to make money online?
Another strategy is using webinars to market your product, service, or course. At the end though, you pitch your paid product or service with the goal of securing a few deals.
Professional speaker Grant Baldwin uses webinars to market his courses on public speaking, including Get Booked and Paid to Speak.
While Baldwin offers plenty of free tips during his webinar, he offers his course at the end for people who want to pay to learn more.
And, a lot of times, his sales pitch works. Heck, you can probably find a free webinar on how to create your first webinar if you look hard enough.
YouTube is another platform that has made it possible for people to earn money online. There are a ton of YouTube channels out there on any topic if you can think of, and most of the people with a big following are earning some money in exchange for their videos and time.
Last year, Forbes profiled some of the biggest players in the YouTube scene. Will you earn that much? Probably not. If you like doing videos, starting a YouTube channel can a fun way to earn some cash on the side.
Last but not least, you can also earn money online by building an online community, although the monetization strategies you can pursue will vary a lot depending on your goals.
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