In recent years, there’s been a explosion of people working from home and living the so-called “digital nomad” lifestyle.
And it’s not hard to see why.
The barriers to entry for starting an online business have never been lower. And with the rise of coworking spaces and remote work policies, it’s easier than ever to live and work from anywhere in the world.
But just because it’s possible to make money online and live anywhere doesn’t mean it’s easy. In fact, most people who try to do this fail miserably.
If you want to be one of the few who succeed, you need to have a plan and you need to be willing to work hard. But if you do, the rewards can be life-changing.
Here’s how to make money online and live anywhere in the world.
1) Find a Profitable Niche
The first step is finding a niche that you can serve with your online business. Ideally, this will be something you’re passionate about so you can enjoy the work as well as the income it generates. But it also needs to be something people are willing to pay for.
To find a profitable niche, start by brainstorming ideas that meet the following criteria:
It should be something you enjoy or are at least interested in learning about;It should be something other people are interested in (bonus points if you can tap into a trend);There should be enough people interested in it that you can generate a healthy income;It should be something that isn’t too competitive – you don’t want to spend all your time and energy trying to rank for keywords that are already dominated by huge sites;Ideally, it would be something you can tap into for multiple revenue streams (more on this later).For example, let’s say you love dogs and have always wanted to start a dog-related business. That could be anything from starting a dog walking service to creating a line of dog toys or even developing a new breed of dog. As long as other people are interested in dogs, there’s potential to make money in this niche.
2) Create or Acquire an Asset Once you have your niche picked out, your next step is to create or acquire an asset that will generate revenue for you.”An asset is anything that generates revenue without requiring your active input” says Pat Flynn of Smart Passive Income fame. This could be anything from an information product like an ebook or video course,
