8 Methods of Becoming a Digital Nomad and Make Money Online
Have you ever wondered how to make money online?
The world has changed so much since the introduction of various technologies that’s intended to make our lives easier. The introduction of computers and the World Wide Web made it possible for us to have an almost instantaneous access to any point of the globe. Communication has become better, faster, and easier. Along with the arrival of the internet and the ever developing forms of communication is the birth of telecommute jobs and other ways to make money online. But even with this development, many people are still perplexed on how to actually make money online.
There are many ways to make money online depending on your set of skills, your interests, and your ultimate goal. Let’s look at a few avenues on legitimate ways to make money online.
1. Drop Shipping Arbitrage.
Drop shipping is a proven business model. Big retailers like Amazon and eBay make use of the drop shipping module for the longest time which proves it to be a widely accepted business online.
Drop shipping business works like a “buy and sell marketing scheme” however with a slight difference. The main difference between drop shipping and the traditional retail process is in the inventory. The seller (drop shipper) is not required to stock the products physically. When a drop shipper makes a sale of the product, he/she places the order directly to the source site or from dropshipping suppliers. The source then receives the order, processes it, and delivers it straight to the drop shipper’s customer. Hence, this process frees the seller (who is the drop shipper) from handling the product physically, therefore it also frees the seller from inventory fees and other issues related to it.
What is good about the drop shipping business?
There are many advantages when you follow the route of this business. First and foremost, you can start your very own drop shipping business without breaking the bank. You don’t need a huge capital. In fact, you can start with practically zero dollars. All you will need is a good research and strategy to start the business. While this is a fact, most dropshippers still invest in good listing and monitoring tools as their business grow bigger.
2. Affiliate Marketing
Affiliate Marketing is the process of promoting a company’s services or products to prospective customers, making a sale and making a handsome commission in return. The affiliate marketing approach involves four parties as follows — the affiliate, the network, the advertiser and the buyer. If you choose the route to affiliate marketing, that makes you the affiliate marketer.
Basically, your website/channel/profile becomes a ground for marketing products or services of a company. Your main role is to entice buyers and direct them to the company to buy the products or services. The diagram from more niche Guide for Beginners (below) will explain more.
If you are really serious about making money online, blogging is one of the most common avenues to take. The most prosperous bloggers make use of their blog site as a base site to offer their services, and then eventually build varied income streams. A blog used as a base is essential to reach out to potential customers, manage messages and have a place of contact. While blogging is a real challenge to make money online, the income potential is huge.
The income of opportunities from blogging roots from these main cores — Advertising, affiliate marketing, selling digital products, and services like writing services and link building. The diagram from Brittany Olson provides 9 income possibilities from blogging.
4. Virtual Assistant Jobs — Sell Your Professional Services Remotely
As the internet connects people regardless of distance, many companies view this opportunity to outsource and hire people to work remotely. Through freelance portals like Upwork and Fiverr, you can sell your services as a virtual assistant in article writing, accounting, web design, and varied general administrative tasks.
Many small businesses are taking the leap to hire virtual assistants which means more jobs for aspiring people who want to make money online. Virtalent estimates that the virtual assistant market is set to grow by up to 32 percent in the year 2022 which is good news for many people who have chosen to sell their services online as a VA.
The diagram below from Invoice Berry will show you how to get started as a VA in three ways.
5. Sell your photos
Photography is huge business today. Webmasters and companies make use of images for their varied graphic needs. As a freelance digital photographer, you have many choices to market your photographs online. This could be one of the best avenues to generate passive earnings even while working full time.
If you are passionate about taking professional images, you can make money online by selling your photos. There are many websites that market stock photos as well as vector graphics. These images could be sold repeatedly offering a possible long-term income. Some of the sites that you can upload your images to are Fotolia, Alamy, Shutterstock, Dreamstime, and more. You can check out The Work at Home Wife blog for more of the list.
6. Create Videos and monetize it
Do you like sharing your story through a video? Then you can be a YouTuber. Sign up for a YouTube channel and enroll in the YouTube Partner Program. Create original videos, upload, and start earning. It sounds easy but it is, in fact, challenging as creating a blog. Nonetheless, there are various ways to earn money through your videos. The main income that can generate you money on YouTube is through Ads. As you enable the monetization program in your channel, you have the chance to earn a passive income through ads. Note though that there are certain conditions so that you must meet before you can successfully earn with YouTube. You can learn more about their monetization program here.
7. Sell your old stuff
As what they said, your junk can be a treasure to the other. So instead of disposing of your old Polaroid camera, your collection of Marvel comics, or your old wardrobe collection, why don’t you sell them online through eBay, Amazon, or through social media sites like Instagram and Facebook marketplace? Many young entrepreneurs have started selling their old stuff and you can do so too. Entrepreneur sites 8 places to sell your old stuff. Check them out.
8. Create an eBook and sell on Kindle
Are you a passionate writer? Do you want to share your DIY’s and How To’s? You can create an eBook and publish it on Amazon Kindle. If you have never created an eBook before, there are places to learn how to basically turn your writing into an eBook. Leslie Samuel of Become A Blogger outlines simple steps to start selling eBooks.
There are more avenues that you can take to start making money online and most of these avenues boils down to marketing. You sell what you have — products, old stuff, your skills, and talents. So ask yourself what are you good at? What are you passionate about? Identify your goals to start drafting a plan to set out on a nice journey to make money online. Good luck!