There are lots of ways of earning money on the road. There are a lot of resources on the internet on how you can become a ‘digital nomad’ and how to earn a passive income. Lots of this ‘advice’ is too good to be true and neglects to tell you that any income that is easy is usually preceded with lots of hard work. Nevertheless there are ways to earn money remotely, here are a few and my thoughts on the pros and cons.
1. Working remotely for an employer
The first and obvious advantage is that you will receive a regular, guaranteed income and keep a nice consistent job history on your cv. You will need a flexible employer, but nowadays these are a lot easier to find than a few years ago. Some countries now promote digital nomad visas where you are allowed to work for a foreign employer or business for up to 12 months. A great list of countries can be found here.
Now then some of the negatives. You do need to be aware of tax implications and visa restrictions depending on the country you go to and your length of stay. The government has some further information here. Another great article on the subject can be found here on the Which? website. Another downside is that you might be expected to be available for work during the work hours in your home country, this can be tricky depending on the time zone. Expectations from you and your employer may differ what it means to work flexibly and remotely. Good communication is key.
2. Earn money from a blog
This one sounds so easy, right? You write a few articles on a subject that you are somewhat interested in and away you go. And this is true. You can go online, start a blog within about 5 minutes. So not a lot of barriers to entry as they say, which is definitely an advantage.
Unfortunately, it takes a long time and a lot of commitment to build up enough of a following to either get paid to write about things or create ad revenue. You only get a few pounds ad revenue per 1000 impressions so I’m sure you can do the math that it is not an overnight thing. However, if you like writing and you have a subject that you are interested in, than definitely give it a go. But bear in mind, that you want to start this quite a while before you pack your rucksack so that you are sure you have earn enough to live of and travel!
3. Become an influencer
This one definitely sounds easier than it is. There is good money to be made if you are happy to talk to a camera often and you have a particular interest that you can talk about endlessly. Like starting a blog, barriers to entry are again low.
However, one thing that strikes me that makes this even harder than blogging is that you need quite a bit of equipment. Most influencers actually spend a lot of time making things look really good, including themselves. This means make-up, lighting, re-shooting etc. etc. In my book, this is a lot harder on the road.
4. Become a freelancer in your field
If you have a profession that isn’t location based and you have built up a lot of contacts, this can be a very lucrative way of earning money and very flexible. Professions of the top of my head that are mainly dependent on your expertise and not your physical location, copywriting, digital marketing, project managements, graphic design, accountancy, teaching and IT spring to mind immediately. Some less obvious professions like hair dressing, beauty, handyman and massage therapist can also earn money on the road. But you will have to be good at selling yourself.
The downside of this is, that you will always have to think about and work on the next job and consistency of money coming in, can be lacking.
5. Train yourself in digital skills
If you don’t have any obvious skills or passions, this could be the way to go. Become a specialist in some of the digital skills that are in high demand. Whether it is Search Engine Optimisation (SEO), Organic Social Media, Paid Advertising or Website building/maintenance. There are a multitude of free training programmes to get yourself the knowledge you need to generate an income in this space.
More about where to start in my next blog 🙂