Moving abroad can be an exhilarating undertaking. It can also raise the question of financial security; just where will your money come from in order to support your new nomadic lifestyle? You may think that starting a business to cover these costs is impossible on the road, but it is actually feasible so long as you choose the right kind of business.
So, which business should you set up tomorrow in order to work anywhere your heart takes you?
Setting up and writing blogs for a website may seem like a lot of effort with little reward. And it is, to begin with. However, the more you grow your audience and develop loyal followers of your content the better opportunities you will find to make money.
Making money on your blog can be achieved via selling a product, affiliate marketing or even taking it a step further and writing a book that you then sell on the blog. To make the most of your travelling it could pay to make your blog travel-related, but that isn’t necessarily vital.
With 3.5 billion Google searches per day, your blog could offer the exact content that they are looking for. At least, you never know until you try!
Do you have a way with words, but not the ability to write them down in a cohesive manner? Then instead of blogging, you might be better suited to the art of vlogging.
Vlogging is particularly suited to a traveller, as you can even focus more on the exotic place that you are in rather than yourself in many cases. Plenty of people want to go travelling but never have the chance, so they could easily seek out your site in order to live vicariously through you.
However, that still leaves the big question: how do you make money from this? Simple, the ads before a YouTube video are where your money comes from. But, you do need an overall of 10,000 visits to your channel before this is available. Create a loyal, engaged, audience first and the monetisation of your channel will come eventually.
Have you found something that is amazing whilst on your travels? Or are you a dab hand at your own arts and crafts projects? Either way, you could make a profit from this by setting up your own online store. People pay premium money for unique items, so it can be a great way to make money even if you are travelling.
Simply make sure the supplies you need are available everywhere you go and posting them to another country would be relatively cost-effective. Once you can be sure of that, you have the means to make a great income whilst still on the move.
Plenty of people are moving to outsource work online. From design to writing, if you have an in-demand talent then you have the ability to make money from it online. Using sites like Upwork and Fiverr you can easily make a good wage whilst on the move.
If you only worked as you travelled you would still be able to make a decent amount. Long trains, planes and automobile rides are nothing new to travellers – so, why not make some money during them to stave off the boredom?
Make sure you know what’s up when it comes to taxes and insurance, however, as you need the right indemnity insurance to cover yourself in all business proceedings. Moving from contract to contract may also make you liable to invest in your contractors insurance also, otherwise, employers may refuse to hire you due to the risk. Cover your bases well and freelancing or contracting your way around the globe is a great possibility.
Are you venturing into scenic vista after scenic vista? Is every day you wake up a better picture than the last? Then you could be making money via the pictures you take, either by selling them online or even getting sponsorship deals via platforms like Instagram. Plenty of stock image sites are willing to pay you for every download of your image. Some even offer a fee to buy the image from you outright, depending on their platform.
Alternatively, you could keep the photograph for yourself and post it to Instagram and still earn money. If you have a lot of followers, then brands will be willing to pay you to mention their product in your image text or even sponsor the post as a whole. To make this work you need at least 1,000 followers. But, the more niche your reach the more some brands may be willing to overlook your follower count.
And there you have it! The best businesses that you can set up tomorrow in order to make money as you travel. Not all of them make instant money, but given enough time and effort could easily fund many legs to your journey. Simply choose the right one for your skillsets and get going!