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.
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.
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Think about that the next time you're building out a sales funnel. This complex and intricate concept in business can literally take you from a complete unknown to a global powerhouse quickly through the art of scaling out a highly-converting offer. Don't try to take shortcuts or implement hacks, and put in the time if you're looking to eventually reap the benefits and results.
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Yet, unlike most, Kepnes actually stuck it out. He kept at it. And slowly but surely, he built a following over time, and garnered enormous amounts of interest from people looking to engage in the budget travel and digital nomad lifestyle. He found his calling, created numerous best-selling guidebooks, and built a massive platform in the process. Not many people can claim that.
Your debt and expenses: If you're in serious debt, you'll find it hard to become a digital nomad. The burden on your shoulders is too high and if you're stuck without income for a week or months, you'll struggle to keep your head above water. You need to handle your debt first. Pay it down by doubling the minimum payments on the highest interest rates loans or credit cards until they're paid off, then moving onto the next ones.
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Justin and his wife have been living, working, and traveling across America in a Ford F-250 with an Airstream trailer hitched to its back for the past two years. And their alternative lifestyle has helped them prioritize life experiences and close connections over material possessions. They’re modern day nomads. Or what most people call digital nomads.