Three Money-Making Means of Achieving the Digital Nomad Lifestyle
Escaping the boredom and normalcy of the nine-to-five grind is the ultimate goal of many workers worldwide. Likewise, the rise of the digital nomad lifestyle is booming in popularity thanks to a number of crafty entrepreneurs harnessing the power of the modern web. The numerous benefits to “going nomad” and embracing remote work include:
- Increased happiness and reduced stress as a result of no longer being tied to a physical workplace
- More flexibility in terms of communicating with fellow remote workers
- A more sustainable income, with many nomads noting that they managed to increase their earning potential after ditching a traditional job
The question remains: how are most digital nomads capable of leaving their day jobs behind in pursuit of going mobile?
Perhaps one of the most appealing aspects of remote work is the aforementioned flexibility: that is, digital nomads can juggle multiple “jobs” and aren’t tied to one single means of generating income. If you’re considering becoming a nomad yourself or are seeking a way out of your traditional job, keep the following options in mind.
Stocks and Day-Trading
Entrepreneurs have made comfortable livings from day-trading for years; however, it’s perhaps easier than ever to make a full-time income from the stock market thanks to the digital age. Researching stocks no longer requires needless digging, and day-trading software exists to help newbies uncover potential profits. Requiring little more than an Internet connection, playing the stock market does require a certain degree of dedication to master but may represent a goldmine for those willing to put in the legwork.
Lifestyle hacker Tim Ferriss (author of The Four-Hour Workweek) has made millions teaching digital nomads how to find their footing and thrive through the diverse field of Internet marketing. The beauty of Internet marketing is that there are seemingly endless options to make money simply based on one’s skillset. For example, full-time income is more than possible through the following avenues:
- Creating and selling digital products such as e-books or webinars
- Building niche and affiliate micro-blogs that generate passive income through advertising
- Taking advantage of content marketing, whether by selling your own content or flipping websites and blogs for revenue
In short, the Internet offers endless opportunities for digital nomads looking to travel the world and make a living.
Perhaps the most “classic” means of making a living remotely comes in the form of freelancing.
More and more businesses are relying on freelancers rather than traditional employees in hopes of keeping costs down and hiring the best talent possible regardless of location.
If you’re a freelance writer, web designer or software developer, there are numerous places to showcase your talents and have potential clients come directly to you. For example, platforms such as Upwork and Fiverr are prime places to get hired by reputable companies looking for remote talent.
Whether you’re looking to ditch your cubicle or simply brainstorm ideas to transition to the digital nomad lifestyle, there’s no shortage of reliable means of making your living remotely. As the popularity of remote work continues to boom, the more opportunities there are for you to become a nomad yourself.