Tuesday 8 October 2019

Ways people make money online as a digital nomad

Right now I'm gathering information on how many people make money online so I can choose which one feels like it fits me best and I'll have a go at it.

Here are the ways I found people make money online:

1. Influencer/Blogging - This is one of the most common ways people make money online. In exchange for a feature or review, companies can give you a free stay or pay you for this exposure to your audience. This can take a while to grow. On top of that, many put ads like Google adsense or sell ad space on their blogs.

2. Making online courses - This can branch off in many directions. Some people make language courses, how-to courses, blogging courses, how to many a million courses, etc. etc. Some are purely farce, but some can be really beneficial. If you have a good skill that you think you can teach people in a series of courses, this might be for you.

3. Writing ebooks - Usually sold through kindle or amazon, which can be great as a recurring revenue. The hard part is committing to writing the book and marketing it.

4. Real estate investments - If you have the cash and time to look for real estate deals, this is a way people make monthly recurring income. Time consuming to set up and find tenants, but afterwards you can hire a property manager and have the automated.

5. Freelancing/Consulting - The most simple way to make money, however there are limited skills that you can freelance over the web. Usually it's design, programming, marketing, or administrative skills.

6. Selling things on Etsy - You can set up a shop on Etsy and start selling your crafts, digital or physical. There are people selling their hand made things to selling lesson plans to other teachers.

7. Investing/Stock market - This is for the people who have a nest egg and are willing to risk thier money in the markets. If you have the skills to either day trade or value invest, this is the path for you.

8. Teaching English online - Mainly for people who holds any type of bachelor degree. Most countries require this before you can register to teach. You have a set schedule and join in ona virtual classroom teaching kids from different countries English.

9. Photography - Some sell food photography services, stock photography, or landscapes. If you have the skills and talent, you can try selling your shots to the world.

10. Youtuber - Create a channel so many viewers can subscribe to your content. From Youtuber, people make money by selling ad space, affiliate links, and ad revenue from google adsense.  You have to be consistent with your postings and offer engaging content.

11. Podcasting - People record podcasts about a certain theme or subject and when they have built a big enough audience, they sell ad space on the podcast.

12. Starting an online business - Some people have started marketing companies, design companies, architectural design services, etc.

13. Building a niche website - This is where you can cater a small specific group with useful information and content. For example, travelling to SE Asia or the best kitchen appliances you can use. Monetize through ads and product sales.

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