5 Ways to Make Money As a Digital Nomad in 2020

Digital Nomad

Do you want to roam free as a bird, but are anchored to your office desk? Thanks to the advent of high-speed internet, you can seek greener pastures elsewhere.

Since more and more people and companies are embracing remote work, the landscape across many industries is radically changing.

Turning your phone and laptop into your office is easier than ever.  But even digital nomads have to pay bills, taxes, and other living expenses. To help you find the right, lucrative gig for you, here are 5 ways you can make money as a digital nomad.

Create Online Courses

Some of the best digital nomad gigs are the ones that allow you to earn a passive income during your adventures. If you have extensive knowledge in a specific field, consider selling your expertise.

Platforms such as Teachable and Udemy allow you to do exactly that. If you have a knack for conveying complex subjects in a compelling, simplified way, crafting online courses can prove to be quite lucrative for you.

On the front end, this requires a lot of work. You need to make sure your course is well-structured, and that can take time. But, once students start enrolling in your course, it will pay off.

It all comes down to the sales funnel associated with your course. But, on Udemy, and other similar platforms, you don’t really have to worry about the marketing and sales side of things.

Publish an Ebook

If you have something valuable to share with the world, consider becoming an ebook writer. Publishing an ebook is much simpler than publishing a print book.

That’s what makes it such a great opportunity for earning a passive income. For instance, Amazon’s Kindle Direct Publishing platform allows you to self-publish ebooks with ease.

Through Amazon’s Create Space platform, or directly through KDP, you can turn your ebook into a print-on-demand book. For an additional source of income, you can even record it as an audiobook and publish it on Audible.com.

Start a Blog

Blogging can be a great source of income for a digital nomad. It takes a lot of work; you’ll need to do quite a lot of research and publish posts regularly. But, if you do a good job, your blog will earn you money even when you are not writing.

For this, you will need to learn about the mechanics of online marketing. But, more importantly, you need to find a niche in which you will thrive.

The more specific your niche is, the better the chance you will have of building the right audience.

For instance, finance blogs are very popular, and can be very lucrative. But, the field is saturated, so breaking through can be tough.

But, blogging specifically about retirement plans and pension savings is a whole different story. The topic is more specific, and there is still an audience that needs sage advice in this area. If you know much more about 401(k)’s than the next guy, this could be your in.

Become an Affiliate Marketer

Although many bloggers use affiliate marketing as a means to monetize their blog, being an affiliate marketer is a job in its own right.

Affiliate marketing can work in many ways, but the basic principle is the same everywhere: you promote a product or service on your platform (blog, vlog, site, email, social media page). When your readers (or views, followers, etc.) purchase the product or service, you earn a commission.

To make it possible for your partners to trace back the purchase to you, you need to include a link to the product, but this can also be done via promo codes, depending on your arrangement.

So, for instance, if your blog revolves around iGaming, becoming a casino affiliate is your best option. Then, you can review online casino games and direct your readers to the online casino you have partnered up with. The key would be to partner up with a reputable company you and your audience can trust, if you want to turn it into a lucrative long-time gig.

Affiliate Marketer

Get into Social Media Marketing

Social media has turned the world of marketing upside down, and many small businesses are now struggling to make sense of it.

Some just do not have the time to nurture their social media presence, but they still need to promote themselves through these channels in order to reach their target audience.

As a social media marketer, your job would be to help businesses with their social media marketing efforts.

It takes a bit of work to master the art of promoting a business on Instagram and other social media platforms, but it can be a great source of income for creative individuals who have a knack for influencing, as well as good communication skills.

Takeaway

Until a few decades ago, for many, working while traveling was just a pipe dream. Today, almost anyone can attain this life of freedom. Taking the time to discover your talents is a step in the right direction.

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