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How to Make Money Online While Traveling

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The greatest obstacle to your plan to travel the world isn’t your fear of stepping outside of your comfort zone or your lack of willpower but the issue of finances. Even the most frugal travel arrangement is not cheap, which means that you first have to amass quite the reserve in order to attempt it. Then, you are required to put your work on hold, which means that, while traveling, you won’t have a sizable active income to make your trip sustainable.
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On the other hand, nowadays, you can make money online, even while traveling and, in this way, instead of making your traveling habits into a hobby or an adventure you can turn it into a lifestyle. With this in mind, here are several tips to help you out in your future nomadic lifestyle.

Pick your line of work

The first thing you need to do is find a freelancing job or start an online business that isn’t location based. For instance, you can be a copywriter, a designer or a blogger even while on the go. However, as a podcaster, you will have a certain amount of trouble due to the lack of a proper studio or studio equipment. Sure, quality isn’t always the issue, yet, the very thought of this restriction is enough for some people to give up on the idea. A similar thing happens with people making and selling arts and crafts items. For this industry, you need adequate tools, a proper workspace and a reliable supplier. Needless to say, you will lack all of these things while traveling.
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Get the right tools

In the previous section, we mentioned a lack of tools (particularly for arts and crafts, as well as podcasting) as a major (even impassable) obstacle. The reason why this is not the case with copywriting and web design is the fact that all of your tools are digital. In other words, you need proper hardware (a powerful laptop, a smartphone and a tablet), a charger with several adapters and some industry-specific software. Luckily, most collaboration tools and work-prospecting sites are online platforms that you can use at your own behest. Once you have this out of your way, you will solve most other issues quite effortlessly.

Diversify your sources of income

No matter how high of a potential these freelance careers may offer, the greatest problems with them are that they are not 100 percent reliable. Some days, you will have more work than you can handle, while there will be days when you won’t be able to find enough work. Things get even more complicated while you’re traveling, seeing as how you won’t be able to schedule your work hours to the minute.
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In order to prevent this from becoming a problem, you should probably diversify your sources of income. Apart from your main job, you can also start a side project. For instance, you could find a reliable forex broker and start trading online on your phone or laptop. Aside from this, you can also rent out your place back home and get an extra bit of reliable side revenue.

Wi-Fi map

Earlier on, we went to lengths to discuss how, in order to become a successful freelancer, all you need is some willpower, dedication and a decent hardware to support all your niche-vital tools. Still, without a reliable internet connection, all of these things are pretty much rendered useless. Even if you can write or design without the internet (which can be horribly inefficient), you have no way of uploading your work. Luckily, in 2018, this can easily be solved with a Wi-Fi map app. Here, you can find all the free Wi-Fi spots around your current location, as well as those Wi-Fi networks whose previous users have uploaded the password.

Improve your scheduling

The next thing you absolutely need is the ability to organize your time with so many variables in mind. Changing time-zones can seriously disrupt your day-to-day plans, same as the distance to your nearest Wi-Fi spot. Then, you need to keep in mind that your ability to concentrate in a coffee shop and in your hotel room isn’t the same. All in all, as a digital nomad, you have to be tech-savvy either way, so why not download a time management app, to help you out.

Consider the labor-to-income ratio

At the end of the day, you need to think about whether this kind of lifestyle actually works for you. Think about it, if you have to work for 10 to 12 hours straight in order to achieve this, how much do you get to enjoy the actual travel. In other words, you need to consider the labor-to-income ratio before you head out.

If there’s one thing that’s true in the 21st century, it is the fact that never before, was it so easy to lead a nomadic lifestyle. By finding a way to provide yourself with a reliable income while on the go, you will have no reason (other than a sudden case of nostalgia) to ever go back. For a lot of people, this sounds like a dream come true, yet, without enough willpower and organizational abilities, this dream might forever stay out of their reach.

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Lauren Wiseman
Lauren Wiseman is marketing specialist, business writer and entrepreneur, currently based in Melbourne. She helps clients grow their personal and professional brands in fast-changing and demanding market environment. Covering finance and investment topics, Lauren strongly believes in holistic approach to business.
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2 Comments

  1. Sunaina April 13, 2018 Reply

    Good post.
    Keep writing.

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