According to MBO Partners, there are currently 4.8 million independent workers who call themselves digital nomads, and a further 17 million aspire to be nomadic. It is projected that by 2035, the number of digital nomads will reach approximately one billion.
The investigation into digital nomadism explores the various elements that contribute to the remote working capabilities of independent workers. Several of these elements encompass:
- Rise in co-living and coworking spaces
- Growth of online talent marketplaces
- Digital nomad tour services
- Rise of helpful online information sites aimed both at nomads and travelers in general
MPO Partners discovered that digital nomads, who come from various age groups and professions, generally consist of young males with a prevalence of creative occupations. According to their study, one out of every six nomads makes over $75,000 per year, with a fairly equal distribution between those who work full-time and those who work part-time.
To be a digital nomad, the only essential qualification is the capacity to work remotely from any location. Hence, individuals in various professions, such as developers, creatives, sellers, marketers, freelance writers, gig economy workers, and others, can all embrace the lifestyle of being a digital nomad.
Doesn’t it sound appealing?
Becoming a Digital Nomad
Digital nomadism presents significant risks, yet it also holds the potential for significant rewards. Perhaps you have contemplated initiating your own venture and pursuing it while on the move. Alternatively, you might be in a situation where you have been traveling for a period and now require a source of income. Numerous remote business concepts are available that might be suitable for enabling you to work while exploring the globe.
The following are some top business ideas for individuals who travel frequently.
- Drop shipping business: You provide a storefront for customers to purchase from you, and your supplier sends items to them directly. You can do this through marketplaces like Etsy, Amazon or Shopify.
- Software as a Service (SaaS) company: You provide an online application that your customers pay a monthly subscription to use.
- Affiliate Marketing Website: You provide expert advice and reviews of products. If people click your links to buy the products from a retailer, you get a percentage of the order as revenue.
- Information product: You offer an ebook, online course or other resource that customers pay for.
- Freelance service or consultant: This can include copywriting, social media management, SEO, marketing, accounting, IT, business development, project management, web design or graphic design.
- Creative professional: You can be an author, artist, photographer or musician.
- Blogger or influencer: You provide relevant content and work with brands to promote their products, brand and messaging.
- Customer support representative: A customer support representative is usually employed either by an agency or directly by a company. This is a great job for caring and calm individuals who can help problem solve quickly.
- Digital entrepreneur: You decide to form your own business and take on the roles of the owner, manager, creator and marketer. You are providing goods and services for a specific community.
- Language teacher: Have a love for languages? Teach English, Japanese, French, Spanish, Sign Language, etc. There are plenty of sites that match up students and teachers.
Our List
Creative Writing
There are opportunities available for written content, such as this blog, which is great because you don’t have to be a social person and you can ensure it stays current by covering various topics. If you enjoy traveling and prefer a flexible lifestyle, being a writer is an ideal job for a digital nomad.
Many individuals believe that creative writing is solely for writers and journalists; however, it encompasses much more than what appears on the surface. Digital nomads possess the ability to work remotely and earn income by producing written materials. Generally, digital nomads tend to be introverted; nevertheless, introverts can display exceptional writing skills.
Nomads bring along diverse backgrounds and skillsets to their writing, which is advantageous due to the preference of different individuals for specific projects. Furthermore, their ability to work around family schedules is crucial for maintaining relationships as a location independent individual.
Product Photographer
The rise of e-commerce has led to a greater number of businesses transitioning their operations to the internet. As every business selling products requires high-quality product photography, this is where you, as a digital nomad, can play a crucial role.
Product photography is important because it leads to increased sales. Digital nomads who excel in this field have numerous opportunities for success as they can supply their photographs to any business in need. Similar to writers, these skilled digital nomads may be introverted initially but typically adapt and thrive in their role.
In order to deliver photographs capturing the latest industry trends, a nomadic product photographer must continuously keep abreast of such trends. As they make progress in their career, they eventually undertake larger projects for prominent clients based in diverse locations worldwide.
Facebook/Google Ad Creator For Local Businesses
This is a great way to make money when it comes to jobs for digital nomads.
To begin, assisting local businesses with digital marketing is always in demand. Starting with generating Facebook ads for these businesses is an excellent way to commence and enables you to utilize any existing relationships.
For digital nomads to create Facebook ads for local businesses successfully, they need to possess experience in social media along with skills such as creativity, expertise in social media, and graphic design.
One possible alternative is to pursue a career as a Facebook Ads Manager for a business that utilizes Facebook for advertising purposes.
Digital Stock Trading/ Day Trading
Interested in taking more risks? Nowadays, stock trading tends to focus more on short-term profits rather than long-term investments, making it a potentially rewarding endeavor. Nonetheless, due to the absence of fixed product prices, it is crucial to have a thorough comprehension of its operation.
A “Day Trader” engages in trading stocks and securities across various companies, markets, and time frames. If you aspire to live as a digital nomad, this can serve as a profitable opportunity for a location-independent side hustle.
Day trading has emerged as a viable career choice for today’s digital nomads. By utilizing day trading software, digital nomads are able to keep track of stock prices and even adopt the role of a professional trader. Aspiring professional traders will discover that commencing their journey with an online broker is considerably simpler than attempting to engage with prominent futures exchanges.
Business Tracking & Metrics Analyst
Engaging in a digital nomad lifestyle is more than just a self-centered pursuit; it involves addressing the significant problem that people encounter.
To comprehend the source of their customers, assess the effectiveness of their efforts, identify areas of improvement, and determine the allocation of marketing resources, businesses rely on data. Tracking plays a pivotal role in marketing strategies, yet people often struggle with it.
Take into consideration the metrics of your own career as a digital nomad by thinking step by step.
To become a successful digital nomad, it is important to comprehend your business metrics as a primary step, just like running a business. If you are unaware of the metrics, you will be unable to determine the effectiveness or ineffectiveness of your actions.
After carefully considering the figures, you can determine whether it is worthwhile to travel for a few weeks or months in order to earn additional income.
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