The one luxury you cannot afford as a person who is constantly hitting the road is sitting down and focusing on your investments. You see, a business needs the entrepreneur to be constantly present and running the nitty gritties of the business, especially small business startups. What happens to people whose job involves a lot of travelling? Are they condemned into a life of no investments? Not at all.
This brings us to the concept of passive income. This is the income earned from ventures one did not actively participate in. There are numerous such opportunities online for travel nomads that can guarantee an investor smooth income without having you present all the time to run the business. Wouldn’t you like that? Just think about it, the least luggage one carries while travelling includes a laptop or a smart phone, right? Well with just these 2 things you can build your own online cash cow that will send money creeping into your account passively!
- Affiliate Marketing
Affiliate marketing is more like the newest online investment opportunity currently available. For one to be able to carry out online affiliate marketing, one needs first to have an online website. This online property must be created to suit a particular niche. Say for example, you can start a website that addresses issues like motor vehicles and other automobiles. The site must be an authority in the field containing high quality articles that attract more traffic.
With good online content and a good online following in terms of traffic, the owner can then approach other businesses that have online presence in terms of websites and online shops for a marketing opportunities. The site can then market things such as insurance, spare parts for vehicles, other automobile related accessories. For all the items bought by a client from your site, you will earn a commission directly from the businesses you are marketing for. Simple right?
- Online Casinos
Yes! Gambling. Some of the known rich people actually made their fortune through wagering. Online casinos and gambling sites have greatly revolutionized gambling to an extent that you do not need to be physically present at a casino to gamble. With your smartphone or a computer, you can log in to any site and play for real money online. What better way to make money and enjoy your favorite pastime? If you are a constant traveler even better! You can visit legal poker rooms such as those found on MoneyPokerSites.com to get started.
The risk of gambling online is similar to gambling on land casinos. But just like any other business, gambling is a risk, and as a rule of thumb, the higher the risks the greater the reward. As a beginner, you can start off slowly with the small stakes wagers and advance further with more engaging and riskier wagers. Whenever you are not comfortable with a particular game, you can start off with the free versions before playing for real money.
- Create Digital Products
Digital products are just the best forms of products one can indulge in while travelling. Digital products are inclusive of, online courses, and online e-books. Such products once created can be sold over and over again without being physically there. The beauty about such online products is that you do not have to price them highly in order to make sales.
The trick here is working with numbers, with as low as five to ten dollars per product you can literally make hundreds of dollars a day just from having numerous sales. Much as this may look extremely appealing, one should note that the quality of the product in question matters a lot. High quality product sells much faster compared to others. With a high-quality product online, you can sell always thousands of copies from a one-time hard work.
- Dividend Yielding Stocks
Gone are the days when Wall Street used to be the hub of all stock markets. With the advent of technology in business, you can now buy and sell stocks from any part of the world. With a huge investment capital, you don’t need to be present or even actively monitor your stocks, all you need is to invest in a reputable company and sleep the whole time while waiting to cash out the dividends at the end of the day. Some stocks can yield as high as 15, 20 or even 25 percent interest on the invested stocks. All while you sit back and wait for your money to work for you. This is actually the main trick employed by the rich.
Nowadays you do not need to actually break a sweat to eat. With the right knowledge of the stock market, you can just sit back as you let your money work for you. The risk in this type of investment is that not all stocks are promising. You need to have ample knowledge of the companies, ponder through their financial statements in details to get a thorough insight of their financial trends. It is only after such belaboring that you can comfortably buy into a company’s stock.
Enjoy the Nomad Life and Make Money Along the Way
Being a nomad is always viewed as fun since you get to move from city to city, country to country all over the world. The sad part about such kind of life is that, while your peers are settling down and building businesses, you will just be all over the world with no fixed income aboard. This however does not mean it is a financial death sentence.
There are numerous investment opportunities that favor people with such kind of lifestyle. Luckily all these opportunities are online, this means even if you travel light, you will always have your phone or laptop with you to keep you abreast with your businesses and money minting enterprises. You do not need a fixed address neither do you need to be physically present at one place all the time. Explore the above options and see them make you money even in your sleep.