Being a digital nomad is a crazy ride. Not only do you get to work from home but home gets to be anywhere in the world. But you’ve got to keep the income flowing or the travel stops. And there comes a point when you either hit your groove or you head home broke and disappointed. So it’s super important to find a sustainable way to create digital nomad income.
But how do you make money as a digital nomad?
Great question. Let’s chat. As a digital nomad, there are a ton of ways to make money, see the world, and enjoy life. Let’s be honest though. Being a digital nomad is NOT fun if you’re constantly chasing jobs, cash, or clients.
So, I’ve broken the following digital nomad income recommendations into long-term and short-term ways to make money as a digital nomad.
Short-Term Digital Nomad Income Options
Making money as a digital nomad is not, as some might say, easy. While it’s not complicated, and certainly doesn’t require a PhD in digital marketing, you probably won’t make tens of thousands of dollars overnight. Maybe you will but you’d be the exception—not the rule.
- Job-Board Freelancing. This is a great way to make extra money as a digital nomad. There are tons of job boards that specialize in freelance job postings, and you can pitch and win new clients by checking out 10 Go-To Places To Find Your Next Freelance Gig
- Blogging for ad revenue. Contrary to popular belief, blogging isn’t dead. In fact, it’s matured a bit. It’s no longer a bunch of amateurs rambling about their life. There are professionals with degrees and experience, chatting up the stuff they know, and many people eat that stuff up. If you’ve got something to share, start a blog. Monetize it with ad revenue and promote it to the moon. You won’t become the next Bill or Melinda Gates but if done well, you’ll have a few coins in your pocket to help fund your digital nomad lifestyle.
- Sponsored Posts. Big brands pay media influencers to test and write reviews about their products and services. It’s not salesy; it’s a conversational one-time piece of copy that’s hopefully a little witty and generally, just a fun read describing your experience with the brand’s products and services. The great thing about sponsored posts is that your rate is negotiable relative to your social media reach and your blogging audience.
- Affiliate Marketing. Similar to sponsored posts, affiliate marketing is where you share your experience with a product or service. But while sponsored posts pay you once for sharing your opinion, affiliate marketing can be a constant stream of income. For example, big brands like Amazon hire affiliate marketers, social influencers, to share their favorite Amazon products. Once accepted to be an Amazon affiliate, you get a unique link for every product/service you want to promote. Here’s the genius part! Every time some clicks on your Amazon link AND they buy sometime within a certain number of days, you get a commission. They pay you! And if you don’t have a blog, you can post many affiliate marketing links directly on social media.
The examples above are short-term digital nomad income options because they’re hit or miss. Sometimes you could be successful and other times you may not be.
The problem with many of the short-term digital nomad income options is that you’re not in charge. And when you’re not in charge. Job board work may not pay you as much as you need to live comfortably. Blogging Ad Revenue and Sponsored posts are not always consistent. When you depend on short-term digital nomad income, you could be in constant hustle, which makes the nomad and travel part of digital nomad income slightly worse than a 9-5 job.
And no one wants that.
Long-Term Digital Nomad Income Options
- Freelance Consulting Business. The difference between job board freelancing and starting a freelance consulting business is a strategy. When you’re just hopping from job to job, you can’t depend on the income. But when you start a business, you more strategically take on new clients, create static freelance offers, and you develop a reputation that allows you to charge more, creating a more sustainable income stream.
- Blogging & Product Creation. Start a blog. Become a social influencer and build a community around something you love or that you’re passionate about. Once you begin to create a community, you can then help that community solve problems, creating products, courses, and developing services to help your community figure out some problem in their life. Once you start creating products, courses or offering services, when marketing properly, you’ll start making consistent money.
- Affiliate Marketing. When you become an affiliate marketer and you combine your social media influence with a personal or professional blog, your affiliate marketing posts can be shared from your blog to your social media accounts, making you affiliate dollars and ad revenue dollars at the same time. Once the blog post is written, it can be shared indefinitely. That’s where you make money, in the constant promoting old content and creating new content.
And that’s how you make money as a digital nomad. There are a ton of options out there and how you implement these options will greatly impact how much money your digital nomad life brings you.