In today’s world, there is no stopping the digital nomad lifestyle, as long as you have a reliable income stream. The opportunity to work remotely and independently at a flexible schedule, combined with the ability to research and educate yourself on new business concepts and financial management tools, makes it possible for everyone to participate in the gig economy. Digital nomads have completely reimagined what it means to be a full-time worker, and traditional 9-5 jobs no longer hold as much appeal. This blog post will highlight 6 ways that you can make money online as a digital nomad. The post will serve as a guide to kickstart your online income and turn it into a steady, passive income stream that can fund your travels and lifestyle as a digital nomad.
1. Create a blog
Blogs are a fabulous source of passive income. The more content you write and the more popular your blog becomes, the more money you will make. There are a variety of ways to monetize a blog. You can use affiliate marketing to earn a commission when a reader clicks a monetized link or buys a product that’s promoted on your blog. You can also use a third-party affiliate platform, like Clickbank, to earn commissions when readers click a monetized link or buy a product that’s promoted on your blog. Finally, you can earn money directly through ads on your site. You can use a tool such as Google Adsense to create ad spaces on your blog. When a reader clicks on an ad or makes a purchase after clicking a monetized link, you’ll earn a percentage of the sale.
Since writing is a form of content marketing, it makes for a great content platform. However, not all blogs will make you money. You should use your blog to establish yourself as an authoritative source on your chosen subject matter, build a community, and drive traffic to your site. Once you have established yourself as an authoritative voice in your chosen niche, you can then decide how to monetize the blog.
2. Start an online store
Online stores are another fabulous source of passive income. What makes an online store special is that you can sell virtually anything without having to worry about storing, delivering, or taking care of any products. All you need is a computer, an e-commerce platform, and a reliable way to source the products you want to sell. Shopify has made it very easy for anyone to launch an online store, regardless of whether you are an experienced business person or a complete novice. Launching an online store is a fantastic option for those looking to monetize a blog. You can use your store to sell and ship products related to your blog, or you can use it to sell and ship any products you find intriguing. When you first launch your store, you will not make much money. It will take some time to build up a decent amount of revenue. But once you do, you can’t go back. Your store will provide you with a steady, reliable income stream that you can use to fund your lifestyle as a digital nomad.
3. Start an online learning platform
Online learning platforms, like Udemy and The Course Co, are booming, as more and more people want to learn new skills and improve their existing knowledge. The great thing about these platforms is that you can learn from any location, at your own pace, and on your own time. This is one of the biggest attractions of online learning platforms, as you may already know, life can be busy and hectic and it may be hard to find the time to constantly pursue learning. Building an online learning platform is a fantastic option for those looking to make money online as a digital nomad. You can use your platform to teach people how to code, how to start a blog, how to market a blog, how to design a website, and anything else you can think of related to digital marketing and online business. In addition to teaching others, you can sign up to become a tutor and make extra money by helping people learn digital marketing and online business along with making some money off your own platform.
4. Start an online teaching platform
Online teaching platforms are very similar to online learning platforms in that you can use them to teach people virtually anything. The biggest difference is that you can become a certified teacher and attract a wider audience with an online teaching platform. Udemy specializes in online teaching platforms and offers both professional and personal courses, as well as webinars and interviews with industry experts. The great thing about these platforms is that you can teach people from anywhere, and anytime, as long as you have an internet connection. You don’t necessarily need a large classroom of students to build a successful online teaching platform. You can use your personal or online social circle to become a certified teacher and then, once you are, you can start teaching courses and making money online as a digital nomad.
5. Start an online store, if you are tech-savvy
If you are tech-savvy and enjoy dealing with, designing and building websites, then you can use your existing skills to create your own job. You can find plenty of remote job opportunities that allow you to work remotely as a web developer, designer, or marketer. With the right training, you can become a specialist in one of these fields and land a high-paying, full-time job, without needing to settle down in one place. If you are looking for flexibility and to be able to work remotely, then starting an online store is a fantastic option as you can sell and ship any products you want, without needing to worry about physical locations or storage facilities.
6. Monetize your passion
If you are an experienced or aspiring artist, photographer, designer, or filmmaker and have a large enough social media followings, you can use your channel to showcase your work and earn money through sales or commissions. If you are skilled at designing and creating digital art, you can use your skills to find paid projects online or even start your own design business. If you have a background in photography, there are plenty of lucrative gigs online that allow you to showcase your work. You can find paid gigs as a photographer, designer, or artist for companies like Redbubble, Fiverr, and Upwork. Even though these platforms are not designed for direct sales, if you can gain enough trust and engagement with your audience, you can utilize these platforms to sell and ship your own products. You can build a strong enough audience base to turn your passion into a profitable business, and then, you can continue to flourish as a digital nomad.
Deciding how to make money online as a digital nomad can be challenging. You will not always be able to earn the same money you could as a traditional worker, but you will be able to find a way to generate an income stream that can help fund your lifestyle as a digital nomad.