The number one question I get asked when people see my Instagram is
“Mike how the hell do you make money when you travel?”
I sell drugs..
JUST KIDDING 🙂
Now I didn’t win the lottery, I’m not a trust fund baby, my parents in fact were immigrants from the Philippines that came to the U.S., so how the hell was I able to do it?
Simple. I worked my ass off to build something online that can pay me as long as I have my laptop and an internet connection.
And in total, I have 7 income streams, but here are 4 of the ways that you can immediately start working on even if you have no background experience.
P.S. I secretly released a new course about passive income if you guys were wondering. Check out the details here.
QUESTION: What do you want to know specifically about being a traveling entrepreneur? Comment below to let me know so I can make videos and blog posts to help serve you more!
Here are the 4 ways you can immediately start earning an income online even if you have no background experience.
The first business model is dropshipping.
This is the first business that I found some reasonable success in.
How it works is you sell a product without actually having any of the inventory.
Once a customer buys it, you then take the money and go directly to a supplier to pay for the product to be shipped to the customer at a lower-cost.
You then keep the difference as profit.
This is perfect for beginners when it comes to making money online because it doesn’t take a huge investment.
The beauty with this is you only buy products that you already know are selling.
I got into this business model because of the low barrier of entry.
Plus, I didn’t have a lot of money to test if the product is viable in the marketplace when I first started off.
#2 YouTube Ads
The second way that I make money while traveling is from my YouTube videos.
And more specifically just from YouTube ads alone!
Just recently, I was able to brake $250 in one day from just YouTube ads that play before my videos.
This is probably the most passive business model that I have ever gotten into because number one, these videos work forever, and number two, everything is digital.
So I don’t have to worry about customer service or the returns.
Now for those who want to make a living from YouTube, this is exactly how I got everything started.
- First, you need to make sure that you pick the right niche.
- Second, make videos that have already gone viral
- Repeat the process by modeling popular channels in your niche.
#3 Blogging/Affiliate Marketing
The third way where you can make money while traveling is from Blogging and Affiliate marketing.
This is actually the real money that I make on the backend from the YouTube videos.
The YouTube ads are great.
$100-$200 a day from YouTube is freaking awesome and is phenomenal because it’s something that I would normally do even if YouTube ads weren’t paying me because of how awesome of a medium YouTube is to get my message out there.
But the best way to make more money online while traveling the world is to increase your backend.
That way, you can get more revenue from less visitors to your products, offers, or services.
This is how my entire sales funnel works:
- I make a bunch of free YouTube videos that provides actionable content
- I direct people to my blog
- The sales funnels that I have created automatically do the work for me
#4 Book Sales/Writing an eBook
The fourth way that I make money while traveling is from my book sales.
I freaking love book sales guys.
I wrote this book, The Lazy Man’s Guide to Living the Good Life, in the beginning of 2017.
And even though it doesn’t have that many reviews on Amazon, it has already reached the point where it can pay for my accommodations while I travel in places like Southeast Asia or Eastern Europe.
It’s actually very simple to do. All I did was I sold my story.
A lot of you guys have a story to tell in something within health, wealth, love, or happiness. So what I would recommend is to create a book about it.
It’s free and will easily give you passive income.
So I wrote down my entire life story on Google Docs. The next thing I did was go to Create Space and had them print and ship my book whenever I would get a sale.
And the only thing I have to worry about is cashing in the direct deposits I receive every single month from work that I did months ago.
If you want to find a way to make money online while traveling the world, the best advice I can give you right now is to pick one idea and just get started.
Don’t get bogged down with all the information that exists online.
Instead follow these simple steps:
- Find someone that is living the life you want
- Stalk the hell out of them on their social media
- Model how they accomplished their success
For my other making money online income streams make sure you check out this post here.
So hopefully that helps,
Your fellow freedom fighter
Question: What more do you want to learn about being a traveling entrepreneur? Comment below!
And for more tips on how to make money online make sure you check out the following:
- Subscribe to My YouTube Channel
- Zero to$1.5M Blueprint
- FREE eBook: The 3 Principles to 3x Your Income in Half The Time