The cost of living or traveling across the globe depends on your lifestyle and the cost of living of a specific country/city. Luckily, virtually anyone can make money abroad. Earning an income while living or travelling abroad can take many forms. Previously, most people preferred some kind of menial work but thanks to the widespread availability of stable internet connections, you can now become a digital nomad. With the right side hustle, you can easily fund your world travels. Here’s how to make money while you’re away travelling or living abroad:
Do you have specific skills, perhaps in web design, web development, law, editing, graphic design, programming, or anything else that you can do online? Well, you can offer freelance services at your own free time and get paid for them. If you have a way with words, you can get freelance ghostwriting jobs on sites like Upwork, Freelancer, and Problogger.
Resell Products Online
Several business offer reseller programs that allow you to earn a commission by selling their goods and services remotely and in your own time. To become a reseller, consider white label products and services like Yolla, Dropbox, and much more. With the Yolla calling app, you can make money anywhere while you help your friends, colleagues, and customers make cheap international calls to any mobile or landline worldwide.
If you can prove to have the necessary skills, which include being super organized, you can become a virtual assistant and provide administrative, technical, and social assistance remotely. A lot of people prefer virtual assistants because they are cheaper than hiring permanent employees.
Multilingual speakers have the opportunity to teach others and get paid for it, especially if people in the region you are in are non-native speakers of that language. English is the most taught language in the world. Seeing that it’s a world language, many people are always looking to enhance their knowledge of the English language. Most countries let you teach English with just a TEFL certificate. You can get jobs at local schools or teach online if you tend to travel a lot.
Social Media Manager
Nearly everyone has a social media account. And, today’s businesses know how important it is to reach their target audience on social media. But, with such a fast-paced world, it’s becoming increasingly difficult for them to find time to devote to social media. This creates an opportunity for you to become a social media manager for such businesses.
If photography is your biggest passion or you have a way with visual storytelling, then you have the opportunity to make money with your camera. Lots of companies are looking for talented photographers and videographers. There are several other ways to make passive income with your photography, including selling your travel photographs and video clips on stock websites like Shutterstock and Thinkstock, as well as, starting your own photo membership site aimed at bloggers and social media experts.
With everything moving online and wireless, podcasts have increasingly gained popularity over the past couple of years. So, why not start your own podcasts? You can earn a lot of money making podcasts through sponsored episodes and affiliate marketing.
There are several people who need their houses and pets watched while they are away. Although most house sitting services don’t pay, you get to save on accommodation costs while travelling and stay in places far nicer than hostel dorms. Sometimes there are payments, especially if there’s a huge property or lots of pets to care for.
Trading is the buying and selling of financial instruments such as bonds, stocks, mutual funds, commodities, and derivatives that are traded in the commodity markets, derivatives markets, and stock markets. Trading is versatile enough to be used by all types of investors, including day traders, floor traders, high-frequency traders, pattern day traders, rogue traders, and stock traders. As long as you know what you are doing, trading can be great for generating a decent passive income stream.
Generally, people like traveling, which means there will always be a demand for a tour guide. For those who’ve lived abroad for some time, you can make money being a tour guide. This is also good if you speak multiple languages. Although you can earn a higher salary if you’re experienced, your knowledge about a certain place and your personality will get you hired by most local guide companies.
The market will look different depending on where you at the moment. Being creative and letting your imagination help you will let you adapt and find new ways for making money along the journey.