There are a lot of people ready to drop out of the rat race and start living life on their own terms. With high speed internet connections, this is the ideal time to just drop everything and work remotely so you can travel the world. This is the life of a digital nomad.
Work can be done anywhere and at any time. This allows a level of freedom that was not available before. The problem is that many people get stuck on what to do to be able to live this life. Not all jobs can be done remotely and even the ones that can be don’t always translate into being digital nomad friendly.
In fact, it is better to start an online business to be a digital nomad rather than try to work a regular job that happens to be done online. In this article, we will go over several of the best businesses to take on the road with you.
1 – Freelancing
Doing random gigs online may not seem like much of a business. And in the beginning, it actually won’t be what you consider a business. Yet, after a while these random gigs can be transformed into a thriving business that allows you the freedom and flexibility to travel the world and make money.
Pick an area in which you have some interest or expertise and then farm yourself out to clients. It can be writing blog content, logo design or even bookkeeping. What’s important is that there are enough people that will pay money for it and you can charge enough to be able to make a living.
Once you have a steady stream of clients, it is time to transform this from a job to a business. At this point you should begin to look to outsource much of the actual work which will leave you time to grow a bigger client portfolio.
2 – Website flipping
Blogging is a very popular way for digital nomads to make money. However, it can take quite a long time to see any money since SEO takes a while. To make a business out of blogging that is scaled up, you should be flipping websites.
This is a lot like flipping houses but with a web property instead. With this system, you buy a blog that is underperforming and then fix it up to where it is making more money and sell it.
You’ll make more money in the short term and it can be done over and over again. There are auctions where you can find a lot of websites for sale, or go the private route by joining some blogging communities on Facebook or Reddit.
3 – E-commerce
The beautiful thing about running an online store is that you don’t have to be located in one area. Since you will have a fulfillment company pick, pack, and ship your products, you can be anywhere in the world.
Starting an ecommerce store is a great way to run a very successful business that can bring in a lot of money. Find a niche you are passionate about and then create products around it. For instance, if you are a backpacker then having a site where you sell your own backpacks or apparel is a good way to go since you are knowledgeable about them.