Exploring Australia has been incredible, but relying only on savings for these adventures has its limits. Eventually, the money runs out, and your trip ends. In this post, you will learn how to make money online while travelling to keep your adventures going without running out of funds.
Have you ever thought about making money while you travel?
The idea is to make travelling more than just a short vacation. I’ll talk about six ways to keep travelling by making money online.
This post may contain affiliate links. This means I may earn a commission if you make a purchase through my links, at no additional cost to you. I only recommend products or services that I personally use and believe will add value to my readers.
6 ways to earn passive income whilst you travel
- Dividend Stocks
- Drop Servicing
- Print On Demand
- Real Estate Investing
- Blogging
- Social Media
Dividend Stocks
The main aim is to generate income without actively working for it. Passive income involves methods that continue to make money even while you’re not actively involved. One effective means of achieving this is through dividend stocks, which represent shares of companies distributing a portion of their profits to shareholders. By investing in these stocks, you can earn passive income through regular dividend payments.
This approach offers a route to earn without the need for active trading, providing a sense of stability even during unpredictable market shifts. However, it’s important to note that not all companies pay dividends, and there are inherent risks associated with the market. Additionally, seeing substantial returns often requires a significant initial investment.
Despite these considerations, even a modest monthly sum from dividends, say a couple of hundred pounds, can make a substantial difference, especially in regions like Bali or Mexico where the cost of living is more affordable.
If you’re seeking a great place to start investing your money, I personally use Monzo’s in-app investment system. It allows you to select your preferred risk level and the amount you wish to invest. The best part is having all my money in one place. I use Monzo everywhere I travel because it doesn’t charge exchange rates either! If this interests you, check them out here and receive £5 for free to begin your investment journey.
Drop Servicing
Drop servicing is an innovative business model that allows you to offer services to clients without personally executing those services. Instead, the operational work is delegated to third-party service providers, who carry out the required tasks on behalf of the seller.
This distinct approach to business empowers entrepreneurs to generate income by charging clients more than what they pay the service providers. The fundamental objective here is to establish a lucrative business by adeptly handling client relationships while efficiently outsourcing tasks to specialised professionals or agencies.
Drop servicing involves coordinating between clients needing services and skilled professionals who deliver them. You act as the middleman, ensuring top-notch service for clients and making profits by setting prices and managing operations effectively. This role is key to making money online while travelling.
Print On Demand
Print-on-demand (POD) stands as a relatively modern business model that revolves around creating designs and selecting products for sale. Through a third-party supplier, products are manufactured and shipped directly to customers, eliminating the need for inventory storage or handling.
One of the primary advantages of this model is its low startup cost. You pay for the product only after an order is placed, reducing upfront financial commitments. Establishing your own store to showcase and sell your designs can be effortlessly done on platforms like Etsy.com or Shopify.com.
The beauty of the print-on-demand model lies in its potential for passive income. Once your designs are created and listed on your store, the business can operate with minimal ongoing involvement. However, the crux of success in this arena lies in producing appealing designs that resonate with potential buyers. It’s also a numbers game—increasing your chances of attracting customers by creating numerous listings.
The essence of this model involves leveraging creativity and strategic marketing. By continuously generating unique, sought-after designs and maximising your product listings, you can expand your reach and increase the probability of customer engagement. This method requires a lot of upfront work but once things are up and running smoothly this is an excellent way to make money online while travelling.
Real Estate Investing
Real estate investing involves buying properties, renting them out to tenants, and collecting monthly rent. It’s a tried-and-true way people have used for a long time to make money.
One great thing about real estate is its reliability. You buy properties and make money by renting them out. What’s neat is that properties often increase in value over time, giving you both regular rental income and a growing asset.
For travellers, real estate can be especially useful. It provides a steady income stream, even while you’re exploring different places. By renting out properties, you can make money online while travelling, allowing you to support your adventures without having to work a traditional job. It’s a way to build wealth while living a more flexible lifestyle on the move.
Blogging
Blogging stands as an excellent avenue for making money while sharing your passions, whether it’s about health, fitness, travel, or lifestyle. One of the most remarkable aspects of blogging is its compounding effect—your blog posts remain accessible indefinitely, meaning the more you write over time, the greater your potential to earn. This hinges on the amount of traffic your blog attracts—the more visitors, the better!
Starting a blog often begins with creating a self-hosted website. Personally, I opted for bluehost.com and wordpress.org to set up my blog. The advantage here is owning your domain rather than relying on third-party providers like Squarespace.com or Wix.com.
Blogs offer multiple avenues for generating income online while travelling. You can monetise your site by displaying ads. Another popular method involves promoting affiliate products. This entails sharing unique links to products or services from other companies. When a reader purchases through your affiliate link, you earn a commission from that sale.
Social Media
If you’re embarking on a solo journey around the world or planning a trip with friends, it’s an opportune moment to begin creating and sharing content on your social media platforms. You can share captivating pictures or create short-form content like TikToks, Reels, and YouTube Shorts.
As you start building a following, you’ll have the chance to collaborate with brands. Sometimes, companies might even reach out to you, asking you to promote their products or services. Many influencers make money while travelling by partnering with brands, endorsing their products, and showcasing them to their followers.
At the moment, my favourite platform to share my content is TikTok. I have found it by far the fastest way to build an audience and grow a following. What’s remarkable about this method is its accessibility while you’re on the move. Armed with just your phone, you can easily create and share content to help you make money online while exploring the world.
These six, money-making methods offer ways to earn while traveling. Whether it’s through stocks, real estate, online businesses like drop servicing, print-on-demand, blogging, or creating social media content, each method lets you earn while you explore. They’re flexible and can be managed from anywhere, allowing you to sustain your travels and turn them into a lifestyle.
Please note that the information provided in this post is for educational and informational purposes only. Investing involves risks, and it’s important to conduct thorough research or consult with a financial advisor before making any investment decisions. The mentioned platform or service may not be suitable for everyone. Any actions taken based on the content of this post are at the reader’s own discretion and risk.