Another great source of passive income is to start a blog. If you understand the mechanics of marketing online and you do this correctly, you can create a blog that will continue to produce income even if you're not doing any work. The more niche you go with your blog, the better. Search for blue oceans. Not red ones. Consider the fact that you'll eventually want to put out digital products that are in harmoney with whatever it is you're blogging about.
How can I improve my website
Before you say it – no, true guest blogging isn’t dead, despite what you may have heard. Securing a guest post on a reputable site can increase blog traffic to your website and help build your brand into the bargain. Be warned, though – standards for guest blogging have changed radically during the past eighteen months, and spammy tactics could result in stiff penalties. Proceed with caution.
As explained above there’s a big difference between location independence and being a digital nomad. However, becoming a digital nomad can be a great step towards building a location independent business. That’s one reason why many people move to digital nomad hubs with a low cost of living like Bali or Chiang Mai. These are great places meet other digital nomads, collaborate, and learn from each other. Being in an environment like this will mean that you’ll have a much better chance of building a location independent business or start-up than trying to do it alone from home.
Today, most companies embrace remote work. 43% of American employees spent time working remote last year, and this number will only increase. But being a digital nomad and working a few days at home are two different animals. If you want to keep your day job while traveling, you need to prove to your manager that you can handle full-time remote work before you can do work on the road. Justin Champion decided to work remotely for six months before he even asked to travel.
Create an online forum for your customers to engage with one other and your brand. They’ll come back again and again, fostering brand loyalty and word-of-mouth sales. Just be aware that this is a time-consuming, difficult and long-term endeavor. Fellow Entrepreneur contributor Neil Patel attempted this, and ultimately gave up on the idea after a year. You can read his story here, and put the lessons he learned to use.
This has resulted in the creation of several programs targeted at digital nomads such as the e-Residency in Estonia and a SMART visa program in Thailand. Estonia has also announced plans of a digital nomad visa, following its growing e-Residency applications. Some digital nomads have used Germany's residence permit for the purpose of freelance or self-employment to legalize their stay, but successful applicants must have a tangible connection and reason to stay in Germany.
How can I market online for free
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.