As the world around us continues to evolve after the acute phase of the COVID-19 pandemic, growing numbers of workers are rejecting the 9-5, office-based model, and deciding to go it alone, following their dreams and passions to create their very own businesses, and opting for an entrepreneur lifestyle over the traditional employee role.
In addition, the rise of technology has made it easier than ever before for individuals to work and live across the world. As a consequence, we have seen the rise of the so-called “travelling entrepreneur” – individual workers who are shaking off the shackles of tradition, and taking their businesses on the road.
The travelling entrepreneur can take a number of forms, from writers to teachers, and from office assistants to photographers. So, we thought we would take a closer look at the phenomenon below, as well as a few examples of the most popular jobs in this niche.
What is a Travelling Entrepreneur?
The definition of a travelling entrepreneur is, by its nature, tricky to pin down. But as a rule, the term is used to describe entrepreneurial, business-minded people who travel the world while working.
There are some common traits that tend to run through many successful entrepreneurs: they are independent thinkers, self-starters, and highly motivated. They also tend to be flexible, adaptable, and willing to try new things, which helps them succeed when working remotely or abroad. It also means that they are fearless enough to throw themselves into the unknown and try something brand new.
So, what qualities and abilities will you need in order to become a ‘travelling entrepreneur’? Well, the job description can vary greatly depending on your interests and skillset, but generally speaking, you will need to be able to work independently, with little supervision – running your own business means there is nobody there to tell you what to do!
You may be expected to come up with ideas, manage projects, and even sell products yourself, although you might also find yourself collaborating with other people. Some travellers will choose to travel full time, while others will combine working at home with regular trips, and these various approaches have their pros and cons – there is no perfect model.
Why Do People Become Travelling Entrepreneurs?
There is no doubt about it, being an entrepreneur is hard work! It requires dedication, motivation, and a strong desire to succeed. But it also comes with a lot of potential perks, including greater freedom, flexibility, and independence. For those who are looking to make a change, or simply want more control over how they spend their days, becoming a travelling entrepreneur could be just the ticket.
There are plenty of reasons why people decide to become travelling entrepreneurs, and these include:
To Follow Their Passion
For many entrepreneurs and business owners, the decision to go it alone stems from a desire to pursue their own passions and interests on a full-time basis. It might mean that they don’t need to compromise on quality of life, and can focus solely on the things that really matter to them.
To Escape the Nine-to-Five Grind
Many people who become travelling entrepreneurs are doing so because they want to escape the daily routine, and get away from the day-in, day-out drudgery that can sometimes leave us feeling exhausted and unfulfilled. Instead, they opt for a job where every day is different, and they have the freedom to work when and where they desire.
Because They Love Where They Live
Many people who become travelling entrepreneurs move abroad because they love the place they live. If you have always dreamed of living in Paris, New York City, or Tokyo, then this might be the ideal opportunity for you. You won’t have to worry about commuting, or having to deal with office politics, as everything will be done remotely, and you will have more time to enjoy the local sites.
They Like the Money
If you’re not too fussy about the location, and can put up with lower pay than you might receive back home, then you could earn a decent income while working from anywhere in the world – there are many countries where lower wages will go a lot further, allowing you to enjoy a good quality of life on less pay.
There can also be unexpected perks. Group travel tour companies such as SurfYogaBeer offer wellness trips for business owners, which could allow you to unwind and relax while still taking care of business – and these often come at competitive rates or discounts for business owners, allowing you to enjoy yourself at a fraction of the cost!
How to Make Money as a Travelling Entrepreneur
So, now you know all about why people become travelling entrepreneurs, and how much money they can potentially earn. You may be wondering, though, how you can go about making money as a travelling entrepreneur? There are a few options available, and these include:
Sell Products Online
One popular option is to sell online, and this can be achieved by setting up an online store, allowing you to start selling items directly to customers around the globe.
There are two main options here; you can create and sell your own products if you have a particular creative skill, or you can use platforms like Amazon FBA (Fulfilled by Amazon) to ship goods directly to consumers.
Offer Coaching and Training
Another option is to create courses and train other people to help them grow their businesses. These can encompass anything from how to write a sales letter, to how to market a product effectively. Take some time to consider your main skills and strengths, and see if these can be transformed into a business.
Start a Blog
If you are good at writing, and have some great ideas that you think other people may like to hear, then starting a blog could be a great way to generate passive income. You will need to find a niche that is relevant to your audience, but once you’ve got a following, you can make money through advertising and affiliate marketing – this is also a great way to earn money doing something you love!
Alternatively, you could consider working as a freelance writer. Freelancing allows you to work whenever and wherever you choose, and there are plenty of opportunities out there. Whether you’re looking for clients in another country, or just want to get started, there are many ways to make money as a freelance writer.
You can also combine several of these methods to maximise your earnings. For example, you could set yourself up as a coach, while keeping a blog on the topic that you are teaching on – with a little creativity, the world can truly be your oyster.
What Are You Waiting For?
The world is out there, waiting to be explored – and you can use your existing strengths and skills to bring your dreams to life. The life of a travelling entrepreneur can be a challenge at times, but there is no denying that when you take the right steps, the benefits can outweigh the negatives.
Are you building your own entrepreneurial life, and eager to give yourself a bit of extra motivation to succeed? If so, our 25 powerful quotes on failure could be just the thing.