How You Can Make Money While Traveling
Traveling needs money, but how would you like the idea of making money even while you travel? If you are a traveling enthusiast like me, then you would travel to all countries in the world because you have the money to do so. You won’t have to get worried about being broke, because as you spend on your travel expenses, more money will be coming in. The good news is that yes, it is possible to make money while you travel. It only requires you to know and accept that you will have to do some work and so your mind will not be completely focused on your travels. If this is something you can live with, then here are few of the methods you can use to earn money while traveling-:
The two ways you can use to make money when traveling
Any approach you will use to make money while traveling will either be through location independent work or through location-dependent work. Location-independent work is the kind of work that you can do from any place, mostly online. You are not confined to any specific locations and you can work any time you want and for as many hours as you desire.
Location-dependent work, on the other hand, will require you to be present in a particular destination for you to execute the tasks. The location may change from time to time, but your physical presence will be needed if you want to earn your paycheck. With these explained, here are some of the ways you can use to earn money while blogging-:
Make money through blogging
It still is a mystery to many people how some people can blog and make money, but once you understand how this model works, it is something you can do quite easily and go for passport renewal and travel the world as you wish. Blogging simply means writing blog posts on what you are truly passionate about than sharing them with those who would like to have that information. For example, you can start a travel blog where you are sharing with people useful information about traveling to different places in the world. You can write about through the materials you gather online or you can simply share the specific experiences you may have had when traveling. So, then, how do you make money with blogs?
There are various methods you can use to make money with your blog. Once your blog has had enough following, the following monetization can always be implemented-:
- Revenue share – there are revenue share platforms such as Adsense which you can sign up for and let them show their ads on your blogs. When people come to read your blogs, the ads will be shown to them automatically and you will be paid a certain amount of money. If you have a blog with a lot of traffic, then this can earn you a lot of money over, enough to let you travel the world without a care.
- Affiliate Sales – with affiliate sales, you agree to promote other people’s products or services for a commission each time you make a sale. With your travel blog, for example, you can decide to promote an affiliate product such a vacation to an exotic island in the Caribbean. When people come to your blog, they will see the advert and if they end up signing and paying for the vacation, then you get paid a fixed amount of commission.
- Writing guest posts – if your blog grows to be big with lots of daily traffic, other blogs in your niche may request to write a guest post for your as a means for them getting some of your traffic. You can agree on a fixed amount of money and let them post to your pages because you have a lot of traffic. You can charge whatever you want for the guest post.
The beauty of having a blog is that it is location-independent and it will work for you passively. Starting out may be a challenge, but once you get the hang of things, you can earn a lot of money to finance your travel to any place you want on earth.
With the world becoming a global village, freelancing is literally taking over the traditional employment models. Businesses are finding it affordable and more convenient to hire a freelancer who will be paid per project than hire permanent employees who will demand the basic pay in addition to other extras. If you have a skill you can sell on the internet, then there are several companies willing to hire you on a freelancing basis. For example, if you are a graphics designer or a web designer, you can start offering your design services online and have the freedom not just to earn a lot of money, but also have the time to travel the world. Though earning from freelancing is not passive as in blogging, your location on the surface of the earth will not be important to so long as you can deliver projects back to clients as agreed.
Any kind of online business
The other way to gain the ability to earn money while you travel is to do online businesses of any kind. Online businesses do not require you to have inventories unless you are selling physical products. So if no inventory is needed, you won’t need to have a store and this implies that you can do your stuff at any time and from any place so long as you have access to the internet. Some of the potential online businesses you can do after you go for passport renewal and start enjoying your traveling include monetizing YouTube videos, selling on Amazon through Amazon FBA, offering tutoring services to foreign students, transcribing, creating content for businesses and much more.
Renting out your home
If you know you will be gone for long and you have no one to leave behind at your home, then you can rent it out to someone who needs it and in this way, you will be guaranteed to have some money coming in to supplement your travel expenses. This may not bring in a lot of money for you, but it is a potential way of making one when you travel.