Digital Nomads On 6 Figures

Digital nomads

Digital Nomads – The  Lifestyle By Design  

Digital Nomads

This is where I wrote this

Digital nomads, AKA location independent entrepreneurs, are one example of what’s possible, lifestyle wise in the digital economy. I know a few digital nomads myself and it’s a lifestyle choice I could follow if I had a mind to. I have actually run my online businesses from lots of different places so I know how easy it actually is. It’s not for me – not in the traditional sense of the constantly moving nomad – but then does it have to be? Lets look at a few different versions of the digital nomad idea.

For most people the concept of living a nomadic existence would involve a very basic lifestyle. Few possessions, few attachments and a very frugal lifestyle. There is quite a lot of content on the subject online now. Here are a few examples of how all sorts of people are leveraging the internet to fund lifestyles as digital nomads  in all sorts of ways.

First of all the word nomad kind of gives the wrong impression of what is possible. It does tend to make you think of bumming around the world with a backpack. Of picking up casual work wherever possible, spending as little as possible and eking out a miserly existence in exchange for a ton of freedom.

Older Digital Nomads

There are plenty of people doing that but complimenting the traditional fruit picking or bar tending work with a little income from the internet. There are also a growing number of people who are taking the digital nomad idea to far greater lengths. These people are earning very nice incomes indeed from the internet. The use the time freedom that creates to indulge their passion for travel.

It’s all just a question of scale. The beauty of online income is that it is truly location independent. You don’t need to be anywhere in particular to do it. As long as you have a laptop and an internet connection (not necessarily a great one) you are good to go. The modern digital nomads carry a business in their backpacks. One that that can be plugged into and run from anywhere. That’s quite a big deal.

The first group of digital nomads often create a blog about their travels and adventures and monetize it by asking for donations from their readers. Some choose a particular aspect of travel to take the blog a stage further: Food, wine, accommodation reviews are popular subject choices for this group. That opens the possibility of getting paid either directly or via online advertising and that’s where things get really interesting.

Why Settle For Shoestrings?

Bumming around the world on a shoestring might well be exciting especially when generating some funds online is possible. let’s be honest though – it’s a youngsters game. If you’re past the first flush of youth you tend to want something more sustainable. Something that gives you the time and freedom to travel but to do it in comfort and style. How could that work?

Really it’s just a case of adjusting and scaling. Lots of bloggers grow a part time, hobby blog into a full time business by adding some more advanced digital marketing to the mix. They can then take a slightly more commercial approach to their work. If they have built a loyal following they can build a list, and look for some relevant affiliate products to recommend to them.

They could create an online product – an ebook on how to live a location independent lifestyle as a digital nomad for example. They could even outsource a lot of the “work”.

High Ticket Nomads

Digital nomadsThe digital nomads I know personally do things a little differently. They simply leverage the fact that an online business can be run from anywhere. These guys stay in one place for longer periods of time by doing house swaps all over the world. They swap their place in London with someone else’s place for several months at a time.

From wherever they happen to be they run multiple affiliate businesses and deliver online coaching calls and webinars for the team members of their high ticket business, Six Figure Mentors (SFM) and Digital Experts Academy (DEA). Often, instead of bouncing back to London at the end of a swap, they’ll head off somewhere else.

The co-founders of SFM and DEA themselves move between various homes, offices and vacation spots frequently. It creates little interruption of “normal” service. This is possibly far removed from what you’d consider a nomadic lifestyle. These are people on 6, 7 and 8 figure incomes after all. They have fixed abodes, but are in no way tied to them for reasons of work or income. They only buy one way tickets.

digital nomads

Stuart Ross – At Work in Mauritius

You’d possibly be surprised to learn that many so called digital nomads are ex corporate big hitters, professionals and seasoned entrepreneurs. They’ve simply “done the numbers”. They’ve realised that they’ve exchanged too much time for too little money for too many years. Trading that in for grape picking or backpacking wasn’t a tempting option for them. Running an infinitely scaleable business for a couple of hours a day from a sunny terrace in Naples say – different story.

A More Settled Type Of Nomad

For me the online business has allowed me to relocate out of the city to a semi remote part of Scotland. It also opens the possibility of future relocation to a different country. Not exactly nomadic I know but equally gratifying for me.

Whether you have a burning wanderlust or just would like to bring a lot more options into your life, you might want to take a little tour of the possibilities.

If so you can get a free series of videos from the aforementioned SFM and DEA by clicking the link below. That’s what the house swappers I mentioned did just 2 or 3 years ago. In fact I’m one of the people they coach from wherever they happen to be – Venice Beach, California at the moment I believe.

By Dave Menzies