Here’s How You Too Can Earn Money While Vacationing. It Is Easier Than You Think

Wouldn’t it be great if we continue to earn good money without having to be actively involved in the business? We have been advocating this way of living to our community around the globe so that they’re able to really enjoy the moment—wherever they are especially when vacationing. While other people travel with limited time in hand, you, on the other hand, can enjoy a longer time in places you were dreaming of going to for quite a while.

And passive income you’ve been earning enables you to enjoy those long vacation moments. What is passive income actually? It means that you can be away from the business or have a minimum presence there yet it continues to generate revenues and profits.

If you are a solopreneur or small-time entrepreneur, here are a few ideas you may want to consider if you wish to transform the way you are earning today to passive income.

Internet-based business

The nature of it is pretty simple. It has a presence online even though you do not have a physical office. All you need to have is a virtual office that comes with a valid address. And of course, your business must be legally registered. Both a registered business and a valid virtual office address are key to showcasing credibility to your customers. While it is okay to have a physical office just in case you have one today, maybe it is time to shift the focus to the Internet as it can help to lower your monthly expenses and increase the profit margin. 

Website

One important asset you need to have is a proper website. People will look at your website as if this is your shop. Here, you need to display not just your products, and the services that come with the products, but also your value proposition and why they must buy from you. In your website, you need to build a system, in which users will experience their journey from being merely a visitor to becoming paid customers. 

Select the right products or services

The rule here is this; work less but earn more. That being said, maybe you can consider below products or services that require less attention and yet offer bigger profit margins.

  1. Digital products. You can create products like e-books or pdf resources, templates or designs, white papers and online courses only one-time yet people can download and pay for them multiple times. 
  2. Digital services. You can limit free access when people visit your website. There will be a group of people who are willing to pay for premium services. Therefore you can create paid-to-access premium content via subscriptions, paid newsletters to receive exclusive content for members only or to join a close-group community of yours. At the same time, you too can earn commission from affiliate marketing by simply recommending to people some products available out there. Drop-shipping is also another popular way of earning passive money.
  3. Online coaching, tutoring or masterclass. Another way is to create online-based video sessions through tools such as Google Meet, Zoom, Microsoft Teams, Webex and others. Usually, this can be done in just under 2 hours and you can even do this while vacationing provided that the place you’re at has internet access.
  4. Influencers. Some are calling it key opinion leaders or KOLs. It refers to people who command a strong number of followers. Usually, to be called an influencer, you need to have at least 10,000 on one social media channel. You can eventually build these followers of yours from here to millions. There are brands and companies out there who pay influencers to promote their products or services through the power of your postings since these postings will be seen by your wide range of followers. The rate can be fluctuated from as low as MYR50 per post right up to thousands per post. 
  5. Digital ads. To earn a sustainable income from ads, you would require a website equipped with Google Adsense, Mediavine or any advertisement platforms in it. These platforms will give you a cut of the revenue they earn. Earning income via this method needs time to build as the ads are paid based on the number of views, and these views are dependent on the number of internet traffic your website receives daily. The more traffic you have, the more money you are going to earn from the ads.

The user’s experience

Ensuring that visitors stay for as long as possible on your website is critical. If they come and leave within seconds, you will have no chance of selling things to them. And if they stay, your website needs to be easy so that they feel it is extremely easy to navigate and find their way in it. They are able to visit as many pages available there as possible, and eventually, they will find a page where they can make purchases. That being said the journey for you to convert them from just a visitor to paid customers has to be made easy and smooth.

Online payment

Once a purchase is considered, you need to make sure there are ways for them to pay you. Maybe PayPal or Stripe can help you with that. You can monitor all payments made to you and even withdraw those funds easily from your mobile devices.

Conclusion

Remember, the idea of earning passive money while vacationing must not overshadow your enjoyment of the trip. That is why we do not recommend services such as remote work and freelancing as these sorts of work will force you to be with your laptop most of the time during your vacation. 

The last thing you want is to sell or exchange your precious time for money. That is a terrible business model you need to completely avoid.

Earn wisely. Enable your business to generate passive income. The time is now. Get the ebook for that.

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