Not too long ago, the idea of earning an income while traveling the world meant that you had to work in a travel-related industry. Working on a cruise ship or working as a pilot or flight attendant were the job types that granted you the opportunity to travel the world and get paid. But thank goodness for technology!
Today, if you want to travel and make money, you no longer have to be stuck on a boat or plane! As long as you have a laptop and internet access, you have the flexibility and freedom to travel anywhere in the world and generate income… and that’s a real embodiment of luxury.
All too often, we find ourselves wishing we could find the time to travel more, but between responsibilities at home and obligations at work, we sell ourselves short on living a life of travel due to the realities of life.
For most people, opting out of the travel lifestyle is largely due to fear of losing the stability and benefits that come with a full-time job. What people fail to realise is that living a life of travel is just as stable and full of benefits as any other full-time job. The key to financial success in living a life of travel is knowing which job sectors will bring you the most income. Take the case of Adam Guild Entrepreneur for example, who built his now-3.5 million dollar business from the concept of free online ordering systems and customised ads for restaurants.
There are actually several different ways to earn income while traveling the world, but the number one way to earn income that allows you the freedom and flexibility to travel is first and foremost going to be an e-commerce entrepreneur.
Ideally, you want to first start your life of travel as an e-commerce entrepreneur, and then you can embark on additional ways to earn income while you travel.
Getting Your Start As an E-Commerce Entrepreneur
Once you finally make the decision to start living a life of travel, that’s when you can get your entrepreneurial career rolling. Now, the thing to understand about living a life of travel is that it’s not going to happen overnight, and generating income through your e-commerce business is going to take some time as well.
You want to get your e-commerce business set up first simply because it will not only be your primary source of income but it will also be your source of passive income as well. Meaning that once you start generating income through your business, there’s not too much else you will need to do, other than maintaining it and keeping an eye on performance.
But before you can do that, you need to get your store set up. This is going to require some work from you on the front-end before it can truly become passive income but once your store is up and running, your earning potential will be limitless.
In setting up your store, it can be a little difficult depending on how “tech-savvy” you are but there’s no need to worry. If you’re not as well-versed in web design or web development, you can visit the Shopify website and search for web development experts to help you get your store set up.
Once your store is set up, you’ll need to keep an eye on the amount of revenue you generate each month. Ideally, you want to hold off on your travels until your e-commerce business starts to consistently bring in the same amount of income that you would normally bring home from your full-time job.
This might be hard to do simply because you’re ready to wiggle your toes in the sand on the beaches of Greece, but try to hold off for as long as you can. Once your store reaches a steady and sustainable amount of regular income, you can jet-set off to your first travel destination and start generating additional income to your e-commerce business.
Additional Sources of Income During Your Travels
Renting Your Property to Long-Term Tenants
When you make the decision to live a life of travel, that means that traveling is your lifestyle and you’re not going to be at home. That being said, you might as well earn from your home and rent it out to tenants that are looking to live there at least for a few years while you’re gone.
This will be a source of income that will allow you to receive reliable and consistent income on the first of every month. It’s also a form of passive income that allows you to earn while you sleep!
Working As a Customer Service Representative
As long as you have a laptop, phone/headset, and internet access, you have all the makings to work as a customer service agent from anywhere in the world, and within any industry as well.
As a customer service representative, you’ll answer customer questions and typically handle billing and any account updates or discrepancies. All you have to do is find a company that hires remote workers and you can work out the logistics of your hours with the company you decide to go with.
Write an Ebook
Writing an ebook is another form of passive income in the aspect that once you write the book and have it available for purchase, people will be able to buy it at any time. You’ll, of course, do some work on the front-end in actually writing the book, but once it’s written, you have the potential to earn for many, many years, especially if you write a great book that appeals to a wide audience.
Don’t Forget to Enjoy Your Travels Too
Traveling as an e-commerce entrepreneur does indeed grant you the freedom to travel and earn income. The additional sources of income are helpful as well. But during your endeavours as a traveling entrepreneur, it’s important that you enjoy your destinations.
Sure, you’ll be working but you also want to make efforts to make your trips as stress-free as possible to give yourself a healthy work-life balance. In fact, a good work motto to have in your efforts to achieve a good work-life balance in living a life of travel is to work fast and travel slow, according to Global Goose.
What that is ultimately saying is to work as quickly and efficiently as possible so that you have ample time to truly enjoy the destination you’re visiting. If you’re only traveling to work and not enjoy your destination, you might as well keep your full-time job and leave the beach to those that will truly appreciate and enjoy it.