Launching an online business is one of the simplest ways to transition to a digital nomad lifestyle. There are numerous online earning opportunities as a digital nomad. Yet, it all depends on your enthusiasm, resources, and skills.
Let’s review the top 10 ideas that are worth trying.
1. Online store for physical goods
You might start an online store or just work with an existing retailer to offer physical goods.
It really doesn’t matter if your goal is to sell a lot of cheap, high-volume things like smartphone covers or if you want to sell expensive, high-quality products like antique furniture.
In order to establish your online store you will need the best hosting service. To find the most suitable for your business, read the hosting reviews on HostAdvice.
2. Online store for digital goods
Undoubtedly, the absence of physical logistics constraints is an advantage to selling digital items. Management is easier because it only operates online.
Selling eBooks, software, photographs, worksheets, training materials, movies, auto-files, and memberships are just a few examples.
3. Affiliate marketing
Affiliate marketing is rather simple: you promote a product using a specific link, and if the customer clicks the link and makes a purchase, you are compensated. You’re not obliged to do it that way; many people instead create their own websites to sell their products.
4. Virtual assistance
Many busy business people need someone to handle their calendar management, email response, to-do list management, and other administrative tasks.
Virtual assistants provide various services, including creating and editing videos, standard bookkeeping, transcribing meeting notes, making and editing reports, collecting unpaid invoices, setting up and managing webinars, and more.
Ultimately, it depends on what you agree with your customer because you’re there to help them manage their business, giving them more time to focus on their objectives.
5. Teaching or tutoring
You can assist others in learning English or another language by using your language skills. But, in reality, you can also teach everything you are good at.
Still, before you begin, you will need to obtain a certificate demonstrating your expertise in the subject. After all, this is one of the digital nomad career ideas where people will probably ask for qualifications in the form of certificates.
6. Freelance writing
If you possess the ability to pull up an organised, well-written article or blog post, you can begin a freelance writing business. The only expenditure associated with this idea is building a professional-looking website for your freelance writing portfolio.
There are various types of writing, including sales and advertising copy, blog posts, whitepapers, user guides, brochures, and much more. You must decide which writing style reflects your abilities the best.
7. Social media expert
It is extremely difficult for any business, entrepreneur, or blog to succeed without utilising social media. It takes a lot of effort and needs to be done professionally to maintain social media. You might choose to take up this as your new remote job if you have experience in that field.
8. Financial trading
If you have a strong interest in finances and are a very analytical person, trading currencies, stocks, and cryptocurrencies, this idea is great for you. However, you actually need to be able to understand how the markets operate as well as all the underlying variables because even a small change could cause your holdings to be offset.
This business model is inherently scalable unless we discuss millions of dollars per position. The margin remains the same whether you are trading one or one hundred units of an asset.
9. Graphic design
You may start a graphic design business while you are travelling the world. There will be a big demand for your skills if you have a talent for creating appealing graphics and images.
If you can carefully listen to what your client wants to achieve, provide them with a variety of design options to pick from and provide high-quality work on time, you’ll be able to move up to premium pricing quickly.
10. App development
Every individual who owns a smartphone regularly utilises apps, and the number of smartphones is growing. Unsurprisingly, those who create apps can earn a very successful living by doing so. However, you won’t be able to start this online business concept without some coding experience.
Most business owners in this field created their own apps and uploaded them to the Apple or Google Play stores. They didn’t start building a team until they had some experience under their belt.
This digital nomad business idea is a bit unusual since the majority of the users don’t pay for apps. While most of these apps are ‘free’, they actually contain advertisements, or user information is gathered and sold, etc. Even if you don’t directly monetise them, you can still benefit greatly from them.
Profitable digital nomad business ideas
The success of your digital nomad business depends on your skills, capacity, and personality. What can you provide that no one else can, and how can you market your skills online?
It’s important to remember that the majority of these businesses offer performance-based services. You must work extremely hard, be devoted, and offer your clients top-notch products or services.
However, there is nothing wrong with trying your best to achieve your objectives. When you work hard for yourself rather than a corporation, you are the one who benefits the most. And what could be a better motivator than realising that you are investing in yourself and receiving all the benefits of your labours?