Prevent yourself from running out of money by creating an income that you can earn from anywhere in the world.
ACTION ITEM: Begin working towards setting up one or two of the income methods below. For the fastest growth, we recommend telling a real story that others can relate to, is emotional, and either is told from a different/unique perspective or is somewhat controversial. Once you have it set up, share links to what you’ve accomplished on our Facebook page. Let us know if you need any assistance in that post and we will do our best to help you out - entirely free!
“The most effective way to do it, is to do it” -Amelia Earnhart
1. Start a Website based Blog
How much do bloggers make on a monthly basis?
Pinch of Yum – January 2016 Income Report – 5,905,833 monthly pageviews – $70,000+ monthly income.
Just a Girl and Her Blog – June 2016 Income Report – 450,000 monthly pageviews - $32,913 monthly income
Matthew Woodward – June 2016 Income Report - 121,202 monthly pageviews- $19,357.38 monthly income.
Believe in a Budget- January 2016 Income Report– 120,000 monthly pageviews – $3,640.89 monthly income.
Our Small Hours – January 2016 Income Report– 160,009 monthly pageviews – $2,668.78 monthly income.
To get started, you will need a website and the drive to write things down in helpful ways for other people. Generating money from a blog requires designing your blog in a user friendly format, creating content that people want to read, and generating traffic to your website. It generally takes between 2-6 years, depending on your level of commitment and skill, to get a blog to produce a sufficient amount of income.
Most bloggers start out with the free WordPress sites, but we opted to use SquareSpace to save time. Had we known that BuddyBoss could have build us an optimized WordPress site from the start, we’d have gone that route instead. Check out our Free Nomad MBA for free courses on designing your blog in a user friendly format (UI/UX Design). The way you craft your website and the template-design of each of your blogs will make a big difference in generating income.
Next, you’ll want to start generating quality content - blogs that people want to read. This is where SEO (search engine optimization) comes in - don’t just write about something and hope that it will work. Research first to learn what people want to know - what they are searching for - and then craft blogs to answer their questions. After you have done that, you could also use SEO to determine what words or phrases people are using to search for that information, and incorporate that into your blog titles and the blog articles that you write. If you do this correctly, it will help you acquire organic readers - people you do not need to ask to visit your blog - who come in naturally because they are searching for that content. It is important to balance content creation with traffic building and the more organic traffic that you get, the more time you’ll have to create additional content. Additionally, in the long-run, you will find that quality SEO pre-planning is the best method to bringing traffic to your website.
To boost the number of viewers you get (your “traffic”), you’ll want to get the word out by sharing your blog posts via social media. We recommend joining as many Facebook groups as you can that are related to your blog. However, only answer people’s questions in these groups with your posts, don’t randomly spam your posts in groups or you are likely to get banned. You may even consider starting your own Facebook group as well. Pinterest can also really help boost traffic to your website, but it does require quite a bit of additional time. You can greatly increase traffic to your website - especially in the early stages - by sharing your posts (old and new) on a regular basis in places like Facebook groups and Pinterest. Instagram requires even more time, however, you could jump-start your traffic from these sources by letting FiringTable grow them for you, or you could try Tailwind to cut your Instagram and Pinterest workload down to only a few hours a month. You can also try to improve the number of repeat visitors you get by encouraging your visitors to sign up to your email list, but don’t spam them or you’ll ultimately be wasting your time and effort. If you do this right, the more repeat viewers you'll have and the higher your traffic will be.
Once you have traffic coming to your blog, you can start earning money from it by selling your own products, placing advertisements on your blog, and partnering with affiliates. Most small blogs earn the most money by selling their own products or services. Consider writing a book as well. When it comes to placing Ads on your website, you can start doing this with zero traffic whatsoever by signing up with Google AdSense. Once you have traffic of 10,000 per month you can switch to Ezoic for a better income per ad-view, then Mediavine when you reach 25,000 per month and Adthrive when you reach 100,000. Affiliates are companies that fall in the same industry as you which you could promote (i.e. “When we travel, we always buy ON brand shoes”). If you are affiliated with this company, they could provide a link for you for people to click on and you will earn a percentage of the profits from that sale. One of the easiest places to start with this is by becoming an Amazon Affiliate and simply recommending things that are available for sale on Amazon’s website. Additionally, you could consider adding affiliate links to your site via Share-A-Sale or CJ Affiliates!
In other words, Ads, Affiliates, and Products will bring in the money, but making sure that you have enough traffic is the main requirement. Think of it like this: You get a tenth of a penny per person that comes to your site (on average). You need 10 people for a penny. Thus, it’s a numbers game. You need traffic first, then to maximize profit per visitor by correct design of the website and blog including products, ads, and affiliate links. If you’re very serious about getting your blog to the income-earning stage, you should check out make1kchallenge.com, which teaches you - and challenges you - to get to the point where you blog has earned its first $1,000 - a pivotal milestone!
2. Create a YouTube Channel or VLog
Do you enjoy making videos? We have a few friends that enjoy playing video games on a regular basis, a few others that play the guitar, one who makes videos about wheelchair accessibility, some friends that we met along the way that sing, some that enjoy reviewing drones, and many others that make travel related videos. Create a YouTube channel and start creating videos for whatever it is you enjoy doing as a hobby. Once you have enough YouTube subscribers, you'll be able to monetize your account by placing advertisements on the videos that people watch. Depending on how popular your videos become, you could end up making a really nice amount of income! Want to learn how an average person ended up making over $100k per year by making a YouTube Channel? Check out the free 1-hour Webinar about “The Accidental YouTuber”. It teaches you everything you need to know to get started. Want to learn how to make great YouTube videos that have the biggest impact? Check out Masterclass or CreativeLive for some amazing courses that will help you maximize the traffic to your channel. There are also some great walk-through’s on Buffer and WixBlog to help get your account set up.
3. Create an Online Course
Everyone knows how to do something well. Teach someone else how to do this by designing a step-by-step instruction manual for people to learn and then record it in video format. You could create an online course at Creative Live, Fiverr, Udemy, Udacity, or StackSkills. After publishing the course, all you'll have left to do is market it and you'll be able to earn income from it for as long as it is still relevant!
4. Build an App
Building a mobile app first requires knowing a bit about programming. But, don't let that get you down, we offer absolutely free iOS (Apple) and Android (Google) based app courses on our FREE Nomad MBA page. Once you've built your app, you could offer two separate versions, a free version with advertisements and a premium version without. Alternatively, you could design apps for other people by offering your app design skills up on Design Crowd. Either way, you'll win by earning income!
6. Write an eBook
While you're traveling, you could keep a journal. Eventually that can turn into a book. You can then place the book up for sale on the Amazon Marketplace, put it up for sale on your own website, publish it in paper copy, or offer an affiliate arrangement with other websites. Check out a walk-through from Living for Naptime or The Penny Hoarder to make it easier. Then go to Amazon’s walk-through page and start publishing!
7. Rent out your Spare Room or Vehicle
By becoming an Airbnb Host, or by using TURO, you can rent out your unused room, house, or even your vehicle and earn a decent amount of side income. We have rented out our place in Orlando before we sold it and it brought in a decent amount of extra income. Additionally, we never had any issues with our guests - and even if we had, Airbnb would have covered us. Additionally, while we are gone, we rent out our vehicle using TURO. Although we share the profits with a friend who manages the account, it is still extra income that we otherwise wouldn’t have. These are both great additions to your pre-travel Side Income plan, and - if you’re planning on keeping your place or vehicle - great income while you are traveling as well! Check out “Make $1,000+/Extra Each Month! - 5 Ways to Earn Money by using Social Sharing” to get started.
8. Subscription Service
Memberful and Patreon help people who enjoy creating artistic content that other people enjoy. There might be a following for some of the things that you like to do. If so, offer up a membership subscription service with some unique perks that your followers will enjoy and you may be able to earn some monthly income!
9. Investing - Make your money work for you!
Do you already have some money saved up? Learn how to invest with a Free Global Markets Course! You could invest that money into Bonds, Preferred Stock, REIT's (Real Estate Investment Trusts) or fundrise.com, Peer-to-peer lending, or Blue Chip stocks to earn a higher rate of interest or dividends from your investment. What this does is provide you with around 2-8% per year on your current savings (much better than your savings account!). How much income that is for you depends on how much you already have. Let's say you have $10,000 saved up - that could be worth $200-$800 per year! But, if you have $100,000 saved up it could mean $2,000-$8,000 per year! That's a great side piece of income and, by taking out only the interest and dividends, you won't dwindle down your savings at all! This makes for a great addition to your Side Income Plan! If you are not too familiar with investing, check out RobinHood, Acorns, Betterment, Stash, Swell, or Motif. If you are already familiar with trading, check out Sure Trader, ThinkorSwim, or E-Trade.
Not Really Income, But Helps
Credit Card Rewards Points - Save 2-5% on Everything!
If you have great credit, then you may already be familiar with Rewards Points Credit Cards. If not, you can get your credit back in order real quick here and then you will be able to qualify for these cards. The fun thing is that many of them give you extra points for Travel related purchases and you don't even have to use their sites to use your points. For example, we use the Chase Sapphire Reserve card and it earns us 3% back on all the Airbnb's and Hotels, Airfare, Restaurants, and Cafes that we go to. Our Barclaycard Arrival+ card gives us 2% on everything else that you can redeem easily on any travel related purchase that you recently made on your card. Additionally, some business cards and hotel cards will offer you from 5-10%. It's worth checking out if you plan on spending money - and we all spend money! If your credit isn’t up to par, check out a place like Credit Assistance Network where they will remove or fix up any negative marks on your credit report within 3-6 months!
How Other People are Making Income
”Paid market research studies / focus groups -- I usually make at least $3-4K per year doing anywhere between 1-3 sessions per month in the evening or on days off. Best place to start is doing a Google search for "paid focus groups in [your metro area]" and go from there. Start signing up for any and every company in your area. My home base is the SF Bay Area, so there is a lot of opportunity here -- some of these companies have offices in other parts of the country as well: Accelerant Research, AlphaBuzz, Amplify Research, Bay Area Focus Groups*, Elliott Benson Research, Fieldwork San Francisco*, Fleischman Field Research, Focus Insite, Focus Pointe Global*, Hagen/Sinclair Research Recruiting, Hays Worldwide Research, IDEO*, Instant Insights Lab, Intact Qualitative Research, InterQ Research, MindSwarms, Nichols Research*, Plaza Research, Q&A Focus Suites - San Francisco, Q&A Research, Quantum Market Research, Recruit & Field, Schlesinger Associates*, SIS International Research, VGMarket*, VuPoint Research, watchLAB*, WeCruiting*” - Dave A.
“Photography! Very lucrative and little overhead. I use canon equipment, actually just a simple canon rebel but I’ve been able to work it to its max. I do portraits and weddings!” - Lauren H.
“Consulting. $200-400 an hour. $2-3k a month. I solve problems in organizations and systems that nobody wants to admit they have.” - Jonathan W.
“Driving Postmates on the occasional weekend, when the guaranteed earnings are over $100, I usually make more than my day job.” - Cassandra C.
“I have a few. 1. Own a pooper scooper business - Pet waste removal. Picking up poop out of yards, parks, landscaping. $40-$50k yr. for residential and businesses like HOA’s and Apartment communities. 2. Project management consulting for entrepreneurs (I’m an international PM by day). 3. Online courses and a little FBA as well.” - Phillip T.
“About $30,000 a year. I'm a speaker on top of my full-time job and do three podcasts, two of which make money.” - Michael G.
“I teach ESL online and make just over $1000 per month. I'm with Gogokid. Just got signed up with VIPKid as a backup, but haven't worked with them yet.” - Jen O.
“Ask Wonder - online research. I started making around $200 extra per month, got better and gained access to other jobs, now I bring in over 2,000 extra per month.” - Alexis Z.
“Blogging/family photography as a side hustle. $30k. I really have done it since 2009 but made it consistently in the last four years after honing in and figuring out i just can’t write about random $hit and i had to be intentional. affiliate, ad revenue and sponsored post. the problem for most people wanting to do it is just getting started! even after fumbling, i was still able to make money failure after failure. it’s been a good hobby/money maker. i can sell a sofa and make $100 off affiliate income one time - that is not only a feel good moment, but money in my pocket. i’m targeted to 40k this year. it takes a lot of time, but to me, it’s fulfilling as an entrepreneur with my own platform.” - Seng N.
“Online Tutoring. About $600 a month.” - Kyle P.
“Airbnb hosting.” - Stacy H.
“Food blog...about 2-3k a month with sponsored post. Working on putting ads on it and that will increase my monthly income.” - Ana F.
“I review products on amazon and other sites and also dropship products on my own websites. I usually earn between $3,000-$5,000 a month doing it. Details here.” - Johnny J.
“I own a small web design and hosting company but also sell books I've written on my own websites and use a few of my own websites for affiliate and adsense income. Honestly not much. ($300 mo NOT including web design and hosting) I'd LOVE to get the affiliate and adsense stuff off the ground a bit more. My latest book here: www.re-rebel.com” - Kenneth L.
“I teach esl online for two companies. VIP Kids and MAgic Ears. I make 1000-1500/mo by teaching Monday-Friday, 3-5 hours a day.” - Tricia A.
“As a PT ERP Administrator, I can make $65-$120 an hour along side my ERP Administrator day job. Great part is that it can be remote! I started in operations optimizing processes, learned how a business and had a company take a chance on me. Big things to know is overall business acumen, accounting, and the system can be learned over time (like I did). There are a lot of various ERP systems (SAP and Oracle are big ones), but the ERP system I work on is called NetSuite. Probably one of hardest, but most rewarding job I’ve ever had.” - Damon A.
“Virtual Bookkeeping. I run a FB group about how to get started called Bookkeeping Side Hustle Group that you can join if you want to learn about it. I think it is such a great side hustle for FI folks who like this sort of field. I personally try to do value pricing instead of hourly pricing, but in my head I like to keep my rate above $55 per hour. I'm pretty much there now. Some months some work ends up taking longer than I expected. My "hourly" rate goes up as I get more familiar with each client and start to "train" the accounting software.” - Kate M.
“I sell on Amazon (up to $3k) and I have a blog (up to $1k).” - Peter K.
“My side hustle turned into my full time. I wrote a book, created a blog where I sell info products for golf, and do online consulting for golfers. Earnings can change depending on how much I decide to reinvest into growth, but anywhere between $120 and 180K a year. And I love every minute of it - I would do it for free if I had to.” - Adam Y.
“iPhone apps. I make ~1k a month on apps I haven’t touched in years. Trying to get back into it. Launching a new one next week and hoping that number goes up.” - Derek C.
“I have a blog, geared toward baby boomers, about creative ways to catch-up retirement savings. Blog is relatively new but it's growing & bringing in money!” - Kathy L.
“Airbnb of our second bed/bath. $10k last year for occasional occupancy. I charge $15 cleaning for the entire stay and between $49-199 a night.” - Heather C.
“I do Airbnb in a basement suite and make between $2-5K/month (gross), depending on the season. My rent is $1100, so I make between 800-4k. It is in an area where the Airbnb host community is tight and the units are really competitive and nice. YMMV depending on location.” - Michelle N.
“YouTube channel. ~$100k/year. I recently was a guest on a webinar about it. Nothing special, but I showed how it can be replicated if someone's interested. I have fun doing it!” - Peter W.
“One air bnb netting $23,000. Three 1st trust deeds each paying 10.5%. And trying to cut expenses as much as possible!” - Matt H.
“My sister edits scientific papers, stories, novels, articles. Through Accdon LTD and IOP Publishing mostly.” - Jennifer S.
“Software engineer. I can find a lot of work remotely! And most countries will let you immigrate in via a highly skilled immigrant visa.” - Gloria K.
“Virtual assistant!” - Danielle W.
“Teach English as a second language (ESL) from my iphone X through PalFish Kid Course.” - Molly H.
“Project manager, scrum Master, business analyst, graphic designer, copy writer, software engineer... Basically anything related to software.” - Nathan C.
“I teach ESL for vipkid and hubby is a systems engineer. We chose a place, he applies for a job then we move there for a year or so. Have been doing that for 6 years now.” - Cindy W.
Do you have great advice that you think should be on this page? If so, send us an email with the information and we'll likely add it. Also, unless you say otherwise, we'll add a special 'thank you' after the advice you've provided on this page. If you'd like us to give your website or blog a shout-out along with the 'thank you', please include your site link and we'll be happy to add that as well. Thank you for your help and support!