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.
No, Matt Kepnes, aka Nomadic Matt, wasn't living off passive income when he set off on a one-year journey that morphed into an 18-month trek in faraway lands. However, upon his return in 2008, and two weeks after the warm glow of being back home in Boston had worn off, he realized that traveling was his passion and that being back home wasn't all that it was cracked up to be.
That’s why it’s so important that you actually take the time to build a business that gives you true freedom and enough income to live anywhere you want. Because in the best of the both worlds you should be able to have both: A real homebase in one of your favourite places and the ability to go with your location independent business on workation whenever you feel like it.
When you live abroad, It’s crucial to have multiple backup plans in case of any emergencies. Nothing really ever works out the way it’s supposed to. Things happen. What if your truck breaks down? Or what if you get stuck in a foreign country with no backup plan? What’s your plan B and C? You need to set these processes in place to handle the inevitable bumps in the road.
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You ever hear that phrase, “It’s easier sell gold than it is to sell shit”? No website starts out as minted gold right off the bat, so make sure you’re not trying to peddle, well…you know. In the beginning, a lot of websites try to create useful content on their blog for their audience but end up churning out all the same 500-1,000-word articles offering the 10 quick steps to achieving xyz. Not only is there no shortage of that content, but recent blogging statistics show it’s the last thing that’s going to make you stand out from the crowd and make a lasting impression.
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I am just get intersting in this new lifestyle, I am very young and I love travel I all ready been in Shanghai. the thing is a friend of mine tell me about this “ciber nomads” that really convence me to get in to, difficult for me to understand how it works yet still thinking I have no idea how to start! I studied International Tourism Degree in Business Administration, I would like to get more information about it for start as soon as possible please!!!
I really enjoyed your post, im building my own business from the ground up making custom furniture, lighting, and home decor. it took me a year to launch my website and now im trying to invite more traffic and ways for clients and interested parties to share my content and start buying my product. I liked the idea of Share triggers… im going to be incorporating that into my social media strategies. Any advice would go a long way. thanks again Brian
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No matter how you achieve your passive income goals, without it, you'll have a far harder time traveling the world and becoming a digital nomad. If you're just starting out in a career that enables you to telecommute or do work for clients virtually, then you're one step ahead. You could potentially spend your time anywhere in the world that could accommodate your longed-after nomadic lifestyle.
Every day, people get up and go out the door to travel the world. And they survive and thrive. In fact, the travel industry has made it very easy to make it. Just get on that plane or train or bus. Everything else will work itself out. All that worrying and fear I had before I left was for naught — this traveling thing is a lot easier than you would believe. It’s not like you are the first person to ever do this, there are plenty of fresh high school graduates on the road too. If they can do it, so can you!
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Whatever income level you can muster from remote work, the goal here is to become a digital nomad so you can have the freedom to work and travel across the globe. The Location Indie community offers a plethora of resources and tips from fellow nomads, that can help guide you through the process of building your location independent life and give you tips on how to achieve higher levels of location independence.