n42) 10 Side Hustle to Live Your Best Digital Nomad Life
10 Side Hustle to Live Your Best Digital Nomad Life
The digital nomad lifestyle is becoming increasingly popular as more and more people seek the freedom and flexibility to work from anywhere in the world. However, life as a digital nomad can be challenging, especially when it comes to finances. One way to supplement your income while living as a digital nomad is through side hustles. In this article, we'll introduce you to ten side jobs that can help you live a life as a digital nomad.
1: Tutor online
If you have subject matter expertise in a particular field and a few hours to spare every week, you can offer your services to info-hungry students around the world. By 2024, the online tutoring market will have grown by about $132 billion, so there is a ton of opportunity here.
Unlike some side hustle ideas, tutoring doesn’t require much capital to get started. As long as you have access to an internet-enabled device, you can pull it off from the comfort of your spare room — or anywhere else in the world.
While traditional education is great, don’t limit your offering to school subjects. Know how to sew? Teach a pattern-making course! Have a wealth of knowledge in traditional Indian cooking techniques? There’s an audience for that. The more specific your offering, the easier it is to stand out in a crowded field.
2: Teach a language
Do you love to experience new cultures and meet interesting people? Teaching a language could be a great way for you to earn extra money.
There’s a growing global market for online language learning. Data from Duolingo’s Year in Language Report shows that 30 million people began learning a new language in 2020 — and that trend is not slowing down.
Teaching a language is one of the low-hanging fruits of the side hustle industry. You don’t need any certifications to engage with it at the most basic level. All you need is an internet connection and the ability to connect with your students.
Once you’ve set a rate, you can advertise your services directly on social media platforms, or sign up on online tutoring platforms like Verbling and freelance marketplaces like Fiverr. As with online tutoring, offering your services through an established platform will connect you with a student base quickly. But offering your services via your own site will — once you’re established — allow you to charge more money.
3: Create and sell digital products
A digital product is an intangible asset that you can repeatedly sell online — like ebooks, online courses, downloadable templates, and membership sites. This is an excellent option to make extra cash: once the initial asset is built, you can sell it over and over.
Selling a digital product is one of the best ways to earn a passive income because of its high-profit margins, low production and distribution costs, and longevity.
You will need to update your assets consistently lest they get out of date. Ensuring great value is an essential element of any side hustle, but especially ones that want to establish recurring passive income.
4: Coaching services
In 2022, the U.S. life coaching market was worth nearly $1.5 billion. As culture continues to shift, prioritizing passion and emphasizing work-life balance, attitudes towards personal health and career goals change too. But we’re living in an unprecedented time, and the road towards that personal satisfaction feels muddy.
Enter: the coach. With all this uncertainty, and all this opportunity, it’s safe to say that the global demand for online coaching services is at an all-time high.
With no regulating body to dictate the curriculum of coaching, individuals are free to leverage their personal insight to help their audience make changes, or to get some new perspective.
5: Become an affiliate marketer
Not quite ready to launch your own digital product? How about you help other brands and creators sell theirs, and earn a commission? That’s what affiliate marketing is all about.
Affiliate marketing is a key customer acquisition channel for brand marketers. Businesses are always looking for people who can promote their products and services and help them win new customers — which means there is plenty of work to go around.
Because affiliate marketing is relatively easy to scale, you can be an affiliate marketer to more than one brand and earn commissions for multiple products at the same time without investing much personal capital.
6: Create UGC for brands
On TikTok or Instagram, you must have seen some of your favorite creators share their experience after using a particular product or service. This is called UGC (user-generated content), and you can do it too.
A user-generated content (UGC) creator specializes in putting out videos, reviews, social media posts, or other online work that showcases a product or service in an authentic way — and they are paid by brands to create that content. This content is meant to both parrot and act as word-of-mouth marketing.
Essentially, UGC creators share visuals for brands to help them to get more attention, increase engagement and drive more sales.
7: Start a paid newsletter
You can make an extra $500 or more every month as a paid newsletter creator.
But I’m no writer … You don’t need exceptional writing skills to start and earn from a newsletter. But you do need to know how to build an audience, engage them and deliver value every time. Which is arguably more difficult. But also probably more profitable, generally speaking. It’s called a transferable skill!
Start by building an engaged audience on a specific social media platform. This will earn you credibility, making it a lot easier to market paid tiers of your newsletter. Most of your followers will become early newsletter subscribers, and can help you acquire new subscribers through word-of-mouth marketing.
8: License your photography
Photography licensing involves giving specific stock photography websites permission to use your photos and images for a specific period.
Licensing is a straightforward way to earn extra income if you have some interest in photography, and a library of images to select from.
9: Take on freelance work
The U.S. has about 73 million freelancers, and the number will only increase over the next few years. Why? Because freelancing offers ultimate flexibility — just what we like in a side gig. Freelancing is also a pretty fun side hustle, as it allows workers to set their own hours, and pursue work that they feel excited about and comfortable with.
As a freelancer, you set your time and rates, choose who to work with, the type of work you do, and you can work whenever you want from anywhere in the world.
Of course, this extra cash requires a high level of expertise and excellent time management skills.
10: Become a virtual assistant
Are you organized? Detail-oriented? Good with excel? Becoming a virtual assistant might just be the thing for you. You can earn up to $37,000 a year.
Virtual assistants (VA) help busy business owners and professionals to organize their day-to-day tasks, especially routine activities like booking meetings, following up with clients, bookkeeping, and managing communications. This hustle income is best suited for a person who enjoys administrative tasks.
Your specific work and the skills required for them depend on who hires you. For example, if you’re working with a content marketer, your responsibilities might involve scheduling and transcribing interviews with subject matter experts.
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