More and more people are throwing in the nine to five lifestyle and embracing digital nomadism. The concept is simple; you create various sources of income that can be generated remotely, and therefore can choose to live and work wherever you choose.
Great concept, right? The difficulty is getting your financial position in the right place. We’ve analysed the three most popular, and best, ways of making money on the go.
The world of blogging has exploded over the last decade, with more and more people taking to the internet to share their pictures, stories, thoughts and advice. The for nomadically inclined, writing about life on the road is a great way of reaching people, as well as generating revenue.
Popular travel bloggers can earn serious money from their blogs, whether it is from ad revenue, sponsored links and product reviews.
However, as explained by Lottoland’s analysis of digital nomads, the blogging world is heavily saturated with aspiring writers, meaning you’re going to have to work exceptionally hard.
Another popular income generator for nomads is freelancing. Popular freelance roles are web designers, writers and developers, who can all earn great money on the go.
Many freelancers opt to advertise their skills online, through freelance platforms that connect potential workers and clients together, while others approach companies and offer their services.
It’s worth remembering that freelancers will have to work to their employer’s deadlines, meaning that you’ll have to ensure you’re never far from an internet connection. This can hamper the more intrepid adventurers, who won’t be able to go off-grid too often.
3. Set Up A Business
If you’re an entrepreneur, or feel you have a great idea for a business, this can be your ticket to escape the rat race.
Developing a business than you can run exclusively online, or one that can be managed from a beach somewhere, can bring in big money. Of course, you’ll need to exert a lot of effort in getting everything set up, and have the funds to pour in during those critical early days.
The trickiest part of this venture is ensuring everything to do with your business is as travel-friendly as you are. If you’re selling online services it’s fine, however if you’re selling a physical product you can’t exactly carry around a load of stock.