Are you a wanderlust?
Do you seek for new and far-off destinations?
Do you live to travel?
If the answer is YES and your laptop and phone are your office, it’s time to become a digital nomad, doesn’t it? But, what does it take?
Well, if you’re looking to roam free as a bird, you’re not alone. A recent study by the New York Times found that most companies are using remote workers. Now, that doesn’t mean you have to be self-employed. You can, in fact, become a digital nomad while working for a company.
However, most digital nomads do work for themselves. Often, they’re internet marketers. They build sales funnels and run Facebook ads. They live and breathe to make money online. Others are designers or developers.
To many, it sounds an attractive but also frightening way to live your life that requires they put far too much on the line. What if you can’t afford to pay your expenses? What if you run out of money while in some foreign country? What if your wallet or computer or phone is stolen?
The truth is that there will always be some risk associated with being a digital nomad. You can’t expect to get off risk free. But there’s nothing more rewarding than traveling the world as a digital nomad.
You get to live among a diverse set of cultures around the world. To experience life in a new and exciting way. It’s for those who value adventure over certainty. There’s little boredom when traveling as a digital nomad. There truly is nothing better than this nomadic lifestyle.
How do you earn money as a digital nomad?
If you want to become a digital nomad, the path forward is simple. You need to handle two things:
Your debt and expenses: If you’re in serious debt, you’ll find it hard to become a digital nomad. You need to handle your debt first. Pay it down by doubling the minimum payments on the highest interest rates loans or credit cards until they’re paid off, then moving onto the next ones.
Your income: Where’s your money going to come from while traveling? What happens if you can’t find work to help you meet your obligations. Or, what if you get stuck in a foreign country somewhere with no backup income? You’ll want to be prepared.
If your debt and expenses are handled, you need to focus on your income. How’s the money going to come in? The goal? Focus on passive income when you can. But, you also need to diversify. You can’t rely on a single source of income. You need multiple streams. To do that, you need to find the right money-generating activities that you can turn to day-in and day-out.
1. Publish an ebook.
Probably one of my favorite passive income ideas is to publish an ebook. You can use Amazon’s Kindle Direct Publishing platform to do this. You can also create a corresponding print-on-demand book from that ebook. Also on Amazon. Either directly through KDP or on their Create Space platform. Once your ebook is live, you can also convert that to an audiobook using the ACX platform to publish on Audible.com.
2. Start a blog.
Another great source of passive income is to start a blog. If you understand the mechanics of marketing online and you do this correctly, you can create a blog that will continue to produce income even if you’re not doing any work. The more niche you go with your blog, the better. Search for blue oceans. Not red ones.
3. Join the gig economy.
You can always offer services in the gig economy. Depending on where you’re located, like driving for ride-share companies, delivering packages, or simply using a site like Fiverr to do small gigs that can easily be completed. We’re not talking brain surgery here. And if you’re in a bind, it might just help you out.
4. Provide professional services.
Have a professional skill? If you’re a graphic designer, programmer, lawyer, accountant or have some other professional skill, you can monetize it using a host of sites. From Upwork to Freelancer and others, you can take advantage of the very vast internet to put your services out there for other people to buy.
5. Create online courses.
Another great passive income source is to create online courses. Depending on what your skill set is. You can teach pretty much anything. It all boils down to how well you structure the course and the actual sales funnel associated with it. Or, you could go with a site like Udemy where you don’t have to worry too much about the sales and marketing side of things.
6. Teach English
Okay, you can always opt to teach English if you really do get stuck somewhere during your travels and you really need money to get out. This is less straightforward since you’ll have to get out there and contact local schools where you can offer your services. However, don’t expect to earn much. You’ll be looking at local wages here. If you’re in a developing country, that’s not going to be much money in your pocket.
7. Social media marketing.
Everyone needs social media marketing these days. You can easily earn a substantial living by assisting people with their social media marketing campaings. That’s especially true if you’re traveling around in less-expensive countries where the cost-of-living is generally lower. However, you will need to know what you’re doing, so be sure to be prepared before proponing yourself as a SMM. On the other hand, finding clients shouldn’t be too hard.
8. Virtual tutoring.
Do you have a particular skill you can teach that would work virtually for tutoring? You can teach anything over Skype. This works especially well for teaching languages or subjects in school. Or maybe even a musical instrument!
You can search for virtual tutoring jobs on sites like Indeed and many others.
Once you’ve decided ho to go on with your nomadic career, you should decide where to go to travel and keep working and earning money to live.
If is the first nomadic experience, you should consider the idea of joining a digital nomads’ retreat!
No time lost to find accommodation, coworkings, or reliable internet connection!
Check SunsetPoints retreat and contact us to have more informations!