Digital nomads are individuals who have taken remote work to a whole new level by traveling around the world with it.
Instead of being tied down at headquarters or in an office building, digital nomads use technology like laptops and cell phones for communication so that they can be freed up to travel wherever necessary while still making money doing what they love.
Whether this means staying put somewhere in the long-term or taking short trips every once in a while, it doesn’t matter because these experts never stop moving forward.
This blog post discusses how to make money as a digital nomad, the different ways you can do it, and everything involved in each scenario.
How To Make Money As A Digital Nomad?
There are many different ways to make money as a digital nomad, and the first thing we need to do before anything else is exploring these options, understanding what they entail, and then deciding which one suits you best if you want to become part of this group and earn a decent living.
Virtual Assistant (VA)
Individual and senior assistants are essential in many organizations, but a virtual assistant is better for smaller enterprises or remote companies. You’ll be doing a similar job as a PA or EA, but everything is digital.
These roles are full-time and stable, whereas others are just needed for a few hours every now and again when a company is busy.
You’ll need to be well-organized, internet-savvy, and have outstanding communication skills. Undoubtedly, you can make a good amount of money in no time with the appropriate VA career.
This digital nomad job is perfect if you’re good at research, have an eye for detail, and don’t mind working long hours to get a project done.
You’ll be looking into keywords used in search engine marketing campaigns so that your company can bring more visitors by using the right words on their site.
You’ll also research on-page and off-page SEO factors, focusing on content development as well. This job includes keyword research to pinpoint the best phrases for a business’s market niche.
A website audit is crucial to help identify technical errors that may hinder the site from ranking in search engines: Currently, this practice is vital for the success of any business; therefore, you can hardly lack work.
Affiliate marketing is a way for digital nomads to make money online by advertising the products and services on behalf of others. This implies you receive a commission for every sale recommended.
The problem with affiliate marketing is that your commission will be mostly capped at 30% for most platforms, with many terms and conditions attached, making this opportunity less enticing than it first seems.
If you want to do affiliate marketing, your best bet is to select a niche you are passionate about and find out the most popular affiliate programs in your chosen area.
Some of these include Amazon Associates, Commission Junction (i.e., CJ), Clickbank, ShareASale, and Rakuten Marketing Network.
This is probably the easiest way for you to start earning quickly as a digital nomad, but it does require some marketing skills. You often need to show people how and why they should buy something or use your service, which can be challenging if you’re not used to doing that in person.
The good thing about affiliate marketing is that you don’t need to put a lot of money into it.
To get started, you should first create an account with one or more affiliate networks and have your website or blog on the domain name that they assign to you for free. You will then be able to track how much commission each sale is worth.
Not everyone is a born writer. If you’re creative, have a good command of the English language, and can type fast, many job boards with freelance writing opportunities are available, to begin with.
Writing can be in many different forms: Web content, product descriptions, eBooks, or even fiction books.
It doesn’t matter what type of digital content you want to produce as long as it’s creative and exciting enough for people to read.
This role has a lot of potentials, but it’s also competitive. You’ll require some writing skills to get started.
Alternatively, you can become a ghostwriter, whereby clients pay you to write content published under their names.
Transcription service is a fantastic alternative if you lack originality but can listen well and type fast. All you need to do is listen to audio or videos and type them out.
You may even consider editing jobs if you desire to mend other people’s mistakes and errors.
With the right mindset, you can earn a good amount of money from blogging even without being an expert in any given field.
The rise of social media has made blogs easier to create blogs while still giving bloggers lots of room for creative content that appeals more than just text or images. Blogs are often easily accessible because they have their website.
Blog writers typically choose their niches, and one can select becoming a travel blogger, business, food, etc.
That being said, blogging isn’t a get-rich-quick program. It is a task that necessitates massive effort, time, and endurance.
Right now, online tutoring is highly popular, especially if you can teach English. These professions may provide you with more consistent income and job security.
You can choose your hours while taking classes online, and with classes everywhere on the planet, you can adjust your schedule to accommodate your region. If you have specialized talent, experience, or high performers, coaching is a viable alternative.
Furthermore, you can monetize your abilities in art and design, computing, accountancy, or any other professional skill that you can do virtually through registering on a job board where corporations and people search for independent experts and freelancers for premium jobs
Digital nomads can offer online courses to teach others about their skills or what they’ve learned during their travels.
Teaching an audience without any geographical limitations is an excellent way for anyone with knowledge and expertise in a particular subject to make money, as long as the course provider has high-quality content plus a teaching style that their students appreciate.
How do digital nomads make money online?
Some skills are more prevalent in the digital nomad area than others; nevertheless, you can generate income online by doing almost anything. The skills, internet connectivity, a desktop, and a smartphone is all you need.
Below is a rundown of the most in-demand nomadic skill sets, and most people work on these categories.
If you’ve got a knack for designing or creating fashionable clothing, shoes, jewelry, etc., many online marketplaces will give the visibility of your products and bring new customers directly to your store.
Here, brands primarily use the internet and other forms of digital communication to connect with potential customers. This includes email and social media, and text (SMS) messages as a marketing channel.
Companies such as Groupon, Amazon, and Google are excellent examples of businesses that use digital marketing.
Design and graphics:
Digital nomads can create visual content that communicates messages for a company or promotes new products.
Designers can make money by creating logos, illustrations, animations, brochures, posters, and banners for other companies to use in their advertising campaigns.
Other digital nomads may work as freelance designers on sites like Upwork doing jobs from designing the look of an online store to creating a company logo.
Translation and writing:
Digital nomads knowing different languages can profit by translating their content from one language to another.
If you’ve been living abroad for a while, you can offer translation services for companies who want to expand their business in another country.
You can also write content that entertains, educates, or attracts sales for businesses at a fee. All you have to ensure is that you write engaging work that is unique with no grammatical issues while following the given instructions.
Illustration and video editing:
Digital nomads who have an eye for art can create illustrations or video editing that represent a company’s brand.
Most of these workers charge by the hour and are usually hired on-demand, which means they don’t need to work in the office all day long.
Web development and programming:
Many digital nomads are skilled in web development or programming.
They can make money by creating content for websites containing advertisements, writing codes to customize the appearance of a website, designing a new layout for an existing site, building-specific features into an application such as adding social media integration, information retrieval, or making a mobile app.
There are many freelance software app developers on sites like Upwork who are looking for programmers to do jobs.
Overall, there’s a lot of online work in the digital nomad industry. Upwork, Fiverr, and Freelancer are some of the great websites with remote jobs. It is easy to build your profile and register for tens of thousands of online employment worldwide with these sites.
How much money do digital nomads make?
The typical revenue of digital nomads depends on the type of work they do, their attitude, and the region they live in. Being a digital nomad is a lifestyle choice for many people.
Over 10.9 million Americans alone identify as digital nomads today, and that number is rising rapidly. The increase in numbers can be attributed to factors including higher salary expectations, freedom (to work anywhere), and increased flexibility for the workforce.
As a digital nomad, you can enjoy the freedom of freelancing or working from anywhere in the world today as several co-working spaces exist in almost every region. This means that your earning potential is limitless, and it’s not unheard of to make $30 an hour or more.
Other types of jobs for this lifestyle are; becoming an Instagram influencer, social media manager, teaching an online course or other languages online via Skype or other communication apps like WhatsApp and Telegram), being a content creator or a digital marketer as well as pursuing entrepreneurship by starting up your company-especially if you have tech experience.
Can you be an entrepreneur and build a startup while being a digital nomad?
In this digital age, many people have been able to turn their passions into full-time careers. Nowadays, it’s not uncommon for an entrepreneur to be working remotely on a startup while traveling around the world as they see fit.
This may sound like an ideal lifestyle at first glance, but is it possible? Can entrepreneurs create successful startups and still maintain this “digital nomad” lifestyle? The answer is yes.
To succeed, one must be fully aware that the lifestyle involves a lot more responsibility than staying in any single location would have.
It’s also essential for the entrepreneurs to save up enough money before they go off on their journey or take risks with investments because there will always be some difficulties along the way as well as lacking potential clients alongside other pitfalls when which can cause different paths leading back home if investors are not careful about where they invest their funds.
An excellent example of this phenomenon would be entrepreneurs in today’s world who might need an occasional place to stay because they’re constantly traveling between countries but still want their business running smoothly on the go without any technical difficulties like internet connection problems resulting from switching locations too often.
At some point in our lives, we all yearn for more freedom. A digital entrepreneur has successfully taken the first step towards that goal by running their own business and deciding what hours they work each day – even on a laptop while traveling around the world.
How do you make money and generate passive income in digital space?
Passive income is created when you invest in an idea upfront that will generate money for a long time, with little effort on your part.
For example, renting out a property or starting up a business can be profitable and, more importantly, passive- you won’t have too much work after the initial investment of building it.
Passive income streams of revenue are generated from investments such as real estate rental properties, stocks, etc., which require very less management during its day-to-day operations but yield considerable profit per the interest rate, thereby generating substantial amounts over prolonged periods.
Zazzle is a great platform for creators to make money, and many of them do. Some top sellers earn over $100,000 a year from Zazzle alone! However, there are also people on the site who have been selling for a while but only started making some decent cash recently because they put more work into their designs than before (perhaps you’re one?).
The potential earnings can be as high or low as your creativity will allow it to be, winning out every time with hard work.
The best part is that you’re not limited to just one platform. You can diversify your income streams and make sure the eggs aren’t all in one basket by listing items on other sites like Etsy, eBay, Amazon Handmade, or even your website if you have a low-cost ecommerce solution like Shopify, for example.
No matter which route you choose, the most important thing is always to keep your eye on the reader’s experience- what attracts them and makes them want to buy from you? After all, if they don’t find any value in your product or service, there won’t be a sale made.
You can also obtain passive income from selling information products, rental income, affiliate marketing, flipping retail items on eBay and Craigslist.
Rent out your home short-term or advertise on the back of your car with a custom license plate frame. Create an app through sites like Bug Labs that pays you in monthly installments for as long as people use it.
REITs (real estate investment trusts) are among the most reliable forms of investing over time because they provide high yields without much risk. Investing in CDs is another option if you want more security but get lower rates than stocks; there’s also no limit.
How do digital nomads save money for their future?
Digital nomadism is not an excuse for being irresponsible with your finances or spending frivolously and underestimating the actual cost of living while abroad in different parts of the world.
Digital nomads are just as savvy about their investments and saving money for the future as any other type of worker.
As a digital nomad, your savings account ought to be a priority, and getting into investing should come as second nature to you since, as a remote worker, you’re accustomed to evaluating risks and making rational decisions in business every day – it should become natural for you to do so with your finances too.
Anyone in this lifestyle can save through the use of a service called Expensify. This app can scan receipts and turn them into expense reports for reimbursement purposes or save them for the future.
The most important thing for any digital nomad to do, in the words of Warren Buffet: “Invest your time as much as you invest your money.”
Another option is investing their capital into generating a passive income. Entrepreneurs use some of that extra cash to invest in their business, while freelancers and those with more mixed incomes diversify by looking at multiple options like stocks or bonds.
The State of Independence report found 17million respondents who claimed they would like a nomadic lifestyle in the future, and many are choosing now as well, with nearly two thousand “digital natives” quitting their jobs and embarking on remote working every day, according to research.
As a digital nomad, you can either work as an independent contractor and freelance professional or find jobs near the city where you are living.
Aside from managing your irregular income, saving enough money while traveling is also vital for sustaining this lifestyle: The secret here lies in finding ways not just to make more but also spend less – especially on accommodation that might cost much higher than what it would if one were back home working 9-5 at their regular job with a fixed salary every month without any need for currency conversions.
To become a digital nomad, you need to invest in skills and an internet connection. It would be best if you also had a good laptop so that your work is accessible anywhere there is a good connection.
Digital Nomads are people with careers where they can travel as long as there is internet access because of the nature of their job, making it easy for them to live anywhere on earth.
How to get into the digital nomad lifestyle?
To become a digital nomad, consider factors like the quality of life as it’s essential to see how good your quality of living will be in another country.
How long can you go without seeing family and friends back home? What is there that makes this place stand out from other places where digital nomads are located?
Housing is another important factor. Whether hopping between cities or national parks, finding suitable affordable housing poses one of the biggest challenges domestically-based digital nomads face on their journey abroad.
Many people wish to live the life of a digital nomad but cannot do so due to a lack of basic skills. You should improve your skill set and ensure that you have sufficient income to travel and work overseas while avoiding overspending or rushing through things.
Realizing what to expect is crucial as you begin this new lifestyle. Some people work remotely for their company where they can set up time zones to suit them and take advantage of the low cost of living found overseas.
In contrast, others have taken on more entrepreneurial roles, such as starting companies while traveling, which has allowed them to make money without committing long term to a location.
The benefits of being digital nomads are apparent, the cost of living in many countries is far less than what we pay back home, and this means you can save more money for your future because any funds that would have gone on rent or a mortgage will now go into investments and savings. You also get to see new places every few months and get to experience different cultures.
The main challenge for digital nomads is finding reliable internet, making sure as much of their work can be done online from a laptop or tablet rather than traveling with heavier equipment, and overcoming the fear that people won’t take them seriously because they’re not working in an office.
Thus far, there has been a steady increase of traditional jobholders who are becoming digital nomads.
Between 2019 and 2020, this statistic rose from 3.2 million to 6.3 million people as more than half of those pursuing nontraditional work lifestyles now hold positions traditionally defined by 9-5s and office spaces with co-workers that they know only by their first names; not too different from how it would be if you still worked for an organization back at home base during your time off abroad.
Becoming a digital nomad is not only possible, but it can be much cheaper than most people think. Whether designing or web developing, if you have an income of $500 to $2,000/month, nothing is holding you back from exploring this amazing planet.
With so many organizations embracing digital nomadism, anyone can make a living online while traveling and exploring exotic locales. You can launch your own business that provides you with absolute freedom.
Remember that it all starts with setting your goals in place and working towards them daily, after which you find what works for you and then build your life around it.
The world is your oyster, and now it’s time to make a living from it. Digital nomads have the best of both worlds- they can strive for their dreams while exploring new places whenever they please.
However, this is a lifestyle that requires lots of research and preparation. Nonetheless, do not give up if you genuinely want it, as the rewards are well worth the effort.