You get to live among a diverse set of cultures around the world. To experience life in a new and exciting way. It’s for those who value adventure over certainty. There’s little boredom when traveling as a digital nomad. There truly is nothing better than this nomadic lifestyle.
1. Publish an ebook.
Probably one of my favorite passive income ideas is to publish an ebook. You can use Amazon’s Kindle Direct Publishing platform to do this. You can also create a corresponding print-on-demand book from that ebook. Also on Amazon. Either directly through KDP or on their Create Space platform. Once your ebook is live, you can also convert that to an audiobook using the ACX platform to publish on Audible.com.
2. Start a blog.
Another great source of passive income is to start a blog. If you understand the mechanics of marketing online and you do this correctly, you can create a blog that will continue to produce income even if you’re not doing any work. The more niche you go with your blog, the better. Search for blue oceans. Not red ones. Consider the fact that you’ll eventually want to put out digital products that are in harmoney with whatever it is you’re blogging about.
3. Join the gig economy.
You can always offer services in the gig economy. Depending on where you’re located, that translates to things like driving for ride-share companies, delivering packages, or simply using a site like Fiverr to do small gigs that can easily be completed. We’re not talking brain surgery here. And if you’re in a bind, it might just help you out.
4. Provide professional services.
Have a professional skill? If you’re a graphic designer, programmer, lawyer, accountant or have some other professional skill, you can monetize it using a host of sites. From Upwork to Freelancer and others, you can take advantage of the very vast internet to put your services out there for other people to buy.
5. Create online courses.
Another great passive income source is to create online courses. Depending on what your skill set is, you can create online courses in a variety of areas. You can teach pretty much anything. It all boils down to how well you structure the course and the actual sales funnel associated with it. Or, you could go with a site like Udemy where you don’t have to worry too much about the sales and marketing side of things.
6. Teach English
Okay, you can always opt to teach English if you really do get stuck somewhere during your travels and you’re in a true bind to make ends meet. This is less straightforward since you’ll have to get out there and contact local schools where you can offer your services. However, don’t expect to earn much. You’ll be looking at local wages here. If you’re in a developing country, that’s not going to be much money in your pocket.
7. Social media marketing.
Everyone needs social media marketing these days. You can easily earn a substantial living by assisting people with their social media marketing efforts. That’s especially true if you’re traveling around in less-expensive countries where the cost-of-living is generally lower. However, you will need to know what you’re doing if you’re looking to help others with their social media efforts. But, finding clients shouldn’t be too arduous.
8. Virtual tutoring.
Have a particular skill you can teach that would work virtually for tutoring? You can teach just about anything over Skype. This works especially well for teaching languages or subjects in school or even sometimes a musical instrument. You can search for virtual tutoring jobs on sides like Indeed and many others.