Are you trying a non-conventional lifestyle of travelling the world and working from any part of the world? Digital nomads are taking the world by storm, as work and travel opportunities seem like a more fulfilling option for millennials and the upcoming generations. If you’re planning to become a digital nomad, or you’ve already made up your mind, but you need more ideas to make money, we’ve got just what you need in the paragraphs below.
Renting your home
Considering digital nomads don’t have a permanent residence, your previous residence can bring you a regular income. Namely, if you own an apartment or a house, you can rent it to somebody else. One option is to have a person rent the property for several consecutive months/years. Alternatively, you can generate even more revenue if you list it on sites such as Ebab and rent it per night. As long as you have a person who will clean before and after guests’ check-in, you don’t have to be physically present to run the entire business.
Teaching online courses
One of the very good practices that bring enough money to digital nomads is online courses. If you’ve spent several years in business, finance, or any other industry and you’ve mastered it, you’re experienced enough to teach others about it. Setting up an online course that people worldwide can sign up for will be ideal for a digital nomad. You can decide on the dates and time and the number of people that can attend one course. As long as you have a steady wi-fi connection, it won’t be a problem to teach the course from a different part of the world.
Set up a dropshipping business
Have you started a business that includes sales, but you can’t be bothered with all the shipping anymore? Are you planning to travel as a digital nomad, but still want somebody to be in charge of taking care of the fulfilment and shipping? Forget about being included in developing products, managing inventory, and similar trivialities. A drop shipping business is a way to go. Your job will be to communicate with suppliers and customers, which is always possible with a reliable wi-fi connection. Build an e-commerce site where you’ll market your products and do all the communication via your laptop. If you have any doubts about dropshipping being profitable or you being able to pay the suppliers on time, don’t worry. You can always rely on trade finance to offer security. Through trade finance, you’ll be able to pay your suppliers upfront and avoid any inconveniences. The last thing you need is to solve financing issues from a different continent.
Doing freelance writing online
If writing was your hobby before, today it can become a very profitable career. Blog posting is a form of writing that many digital nomads practice. However, running a blog became less lucrative ever since Instagram and Facebook took over the hype and everyone started spreading their word through social media. From social media copywriting to any other type of advertising, writing will be your saving grace. Living in a foreign country means you must be speaking at least one foreign language. So why not earn money from it and do some freelance translating?
Previous math, physics or chemistry teachers are now digital nomads across the world. Just because you’re on a different continent doesn’t mean you can’t share your knowledge and make money out of it. Set up several tutoring classes a week to add to your budget. If it turns out your services are in high demand, you can make it a regular gig every day.
Graphic design projects
With social media marketing being on the rise, the demand for quality graphic designs increases daily. If you have a knack for graphics, try your luck in graphic design. You can create posts for social media, websites, videos or any type of digital content. A little creativity can go a long way and bring you a significant amount of money.
Living a life as a digital nomad comes with many sacrifices. You need to be prepared to be away from your family and friends because you want to see the world and live in several countries throughout the year. If you ever decide to do it, make sure you have your money-earning strategy developed and ready to be put into action. A steady income will make your life less stressful, so be sure you know for a fact that the money will keep coming even when you’re halfway across the world.
Peter Minkoff is a gay travel and lifestyle writer. Besides writing, he worked as a travel journalist for many publications in Australia and the UK. Follow Peter on Facebook and Twitter for more tips.
Peter Minkoff ist ein schwuler Reise- und Lifestyle-Autor. Er arbeitete als Reisejournalist für viele Publikationen in Australien und Großbritannien. Folge Peter auf Facebook und Twitter für weitere Tipps.