Are you ready to break free of the 9-5 rat race and finally start living life on your own terms? The ability to generate multiple passive income streams while traveling has never been easier than it is today.
But how to make passive income while traveling? Despite being quite clear for tech-savvies, it isn’t for newbies out there.
The real key here is knowing the true cash generators and which ones will waste your time.
In this blog post, I’ll show you 15 different ways you can make money while traveling – all without signing up for a traditional job or sacrificing too much of your freedom.
Read on and discover them all.
Table of Contents ⬇️
ToggleWhat is a Passive Income?
A passive income is a type of income that continues to come in on its own, without the need for additional action or effort.
Generally, this means investing your money upfront and then collecting income with very little upkeep in the long run.
For instance, it could be rental income from investment properties, royalties from books and online courses, revenue from YouTube, and e-commerce sites that require minimal maintenance.
To put it simply, a passive income is revenue that can be earned without actively working, as opposed to a full-time job where you need to work to make money.
Is It Even Possible to Make a Passive Income While Traveling?
Absolutely! Making a passive income while traveling is definitely possible, and it’s getting more and more popular among people.
Let’s face it: Who wouldn’t want to earn money while sleeping or having a day off?
Depending on your interests, there are many creative ways to generate a passive income stream from any corner of the world. From teaching virtual classes from the beach to running an e-commerce store with items sourced from nearby markets, to managing rental properties abroad, there are countless possibilities.
What Do You Need Before Traveling?
Travel insurance!
That’s right – apart from money for traveling, planning a trip correctly, and packing the right things, you need travel insurance for some peace of mind.
I personally use SafetyWing and they’ve covered several hospital bills and they’ve saved me a ton of money. And I’m sure you need it too.
Now, on top of that, you also need to pack the right clothes and items depending where you’re traveling, think of the visas you need, and, of course, save money before traveling.
Even with a passive income, unexpected stuff always happens when traveling – may it be as a tourist or digital nomad – and you’ll want to have some cash saved when needed.
Get Your Travel Insurance Now
Whether you’re traveling across Europe or taking a vacation in Southeast Asia, even the smallest things can ruin your trip. And that’s where Heymondo comes in.
With Heymondo travel insurance, you can relax and enjoy your trip, knowing that you’re covered for any accidents that could happen. Plus, they have low rates, which means you’ll stay covered without spending a fortune, and no matter where your travels take you – and you can join while on the road.
Don’t let anything spoil your vacation – get covered by Heymondo today! I use Heymondo myself and, as a person with a condition, they could literally save my life.
The best part? You get a nice 5% discount as a reader! Never underestimate your health, join now for the best deal you’ll find online.
15 Easy Ways to Make Passive Income While Traveling
Create a Blog
If you’re itching to experience new cultures, creating a blog may be just the thing to fund your travels. A blog is more than an online diary – monetizing your posts with sponsored content, affiliate links, and ads gives you access to passive income streams.
This is incredibly lucrative for frequent travelers who like to write content and share their experience writing stories.
Not only do you get use out of your skills, but writing about what you experience on your adventures will allow new users to find your site and brand, and help them with facts, travel tips, and more.
Even if you don’t make enough money off sponsored content alone, writing about it opens up other lucrative opportunities for travelers; think product reviews, consulting gigs, and interviews.
Make Videos on YouTube
Making videos on YouTube is a great way to make passive income while traveling. It’s relatively inexpensive and straightforward; with just an internet connection and camera, you can upload videos in no time.
I’m pretty sure you’ve watched dozens of travel vloggers visiting different countries and showing popular attractions.
That being said, it can be about anything and not only travel.
From tutorial videos to solely entertaining ones and from personal vlogs to expert presentations, finding your niche is key. Pick topics that you know and enjoy – then, once you become an authority in that area, start creating content and watch the passive income stream in.
Of course, creating a YouTube channel and making money out of it won’t take overnight, but with some hard work, it’s definitely possible.
Sell Stock Photos
Next on our list of how to make passive income while traveling is to sell stock photos.
You can use your travels as an opportunity to capture unique and high-quality photos to sell them online. After uploading them to stock photography sites like Shutterstock or Adobe Stock, you will start earning royalties whenever they are used.
Plus, this is quite simple to start if you know how to use a camera and edit photos.
It takes little effort, knowledge or resources yet generates a steady income.
Get creative, do your research, and get started with selling stock photos – it could be the key to making some serious money on your next journey!
Affiliate Marketing
Another way to make passive income while traveling is through affiliate marketing, and this goes hand-in-hand with blogging, YouTube, and social media.
Affiliate marketing is all about promoting products or services online and earning a commission on each sale you generate. You don’t need any special skills or experience to become an affiliate marketer, but you’ll need an active audience to actually buy the product you’re recommending.
Not only will you be able to earn money while traveling, but you’ll also learn valuable digital marketing skills that will benefit you even when you’re back at home.
So if you’re looking to make passive income while adventuring around the globe, look no further than affiliate marketing as your first stop!
Dropshipping
Dropshipping has been the go-to way to make passive income while traveling for so many people and for different reasons.
All you need is an account in an online retailer, such as Ali Express or Amazon, and each time a customer orders one of your products, they will do the work of packing and shipping.
Plus, when orders come in consistently, you can build relationships with wholesalers and reduce costs so that more money goes in your pocket.
With the right approach and strategy, dropshipping can become a lucrative side hustle and ensure that your bank account remains full even on long trips away from home.
Create and Sell Online Courses
Another popular yet a little harder way to make passive money while traveling is by creating and selling online courses, and you’ll be education people while you’re at it, which is pretty cool.
This can range from teaching language lessons to teaching photography to offering tips as a travel expert. The advantage is that nothing more than an internet connection and some video recording software is needed to start, allowing you to make money no matter where you are.
The best platforms to sell your online courses are Udemy, Skillshare, and your own blog, which would double your passive income.
Be a Forex Trader
If you’re looking for a novel way to make passive income while traveling, consider becoming a Forex trader.
While it’s a high-risk game and somewhat not stable, becoming a Forex trader is a good way to get a passive income while traveling.
With some hard work, determination, and a knack for recognizing market opportunities, you could be raking in profits and reaping the rewards of your thrill-seeking lifestyle.
Of course, you can make a lot of money trading Forex but you can also lose a lot, so I recommend doing your part of research before getting started.
Sell a Digital Product
How to make a passive income while traveling? Easy – sell a digital product.
Selling a digital product allows you to create and share something that’s both profitable and rewarding. With the digital landscape ever expanding, there are almost endless opportunities to make some cash out of it.
For instance, influencers can make merchandise and sell it to their audience, you can sell a course to students, market research to companies, software, and more.
Whether it be creating a guidebook of your favorite travel spots or designing templates for an e-commerce site, trading in goods and services in exchange for passive income has never been easier.
The easiest way to get started? Build a website with Shopify, create content, and advertise your digital product.
Design an App or a Game
This is the best way to make passive income while travelling if you’re a developer.
Of course, it requires creativity and a knack for developing cool features that will keep users engaged, but ultimately, it ensures a steady stream of income.
Apps can be designed with minimal costs, and if you have the budget to start, you could even delegate it to developers and get the revenue for yourself.
Isn’t this an appealing avenue if you already have some ideas? Start today and explore the potential of passive income with design.
Rent Your Apartment on Airbnb
If you’re a homeowner and want to make some extra cash while you’re gone, Airbnb is the way to go.
With Airbnb, you can rent out your apartment (or even just a room) while you hit the road and then take that money and spend it on amazing experiences all over the globe.
The catch is that you’ll have to manage bookings, maids, bills, and other small tasks related to the apartment. But, overall, it can all be done remotely, which is why it’s a fantastic way to make passive money.
So if you’re looking for a great way to both save up some extra cash and gain more experiences on your journeys without committing to a 9-5 job, Airbnb is where it’s at.
Go Viral on Social Media
Nowadays, it’s no secret that many people want to be influencers to fund their travels, and it’s understandable.
Influencers have the reputation of making lots of money online only by creating content. Naturally, this is the way to go for most social media fans.
With ads, affiliate marketing, or sponsorships, you can make money even while sleeping! Plus, with so many opportunities out there to get creative via influencers and content creation on social media, the possibilities are practically endless.
You just have to find what works best for you. Make traveling a part of your hustle!
Trade Crypto
Yes, that’s true, crypto made countless people lose their life savings and it’s a risky investment – and I agree.
But, on the other hand, millions of people invested in Bitcoin and made a massive profit as passive income. The trade is simple – you buy virtual coins, you wait until its value increases, and you withdraw your money once you’re happy with the gains.
And then, you repeat it over and over again.
Wherever you may find yourself around the globe, exchanging cryptocurrencies are a good way to become involved in a liquid financial market with tremendous growth potential.
By learning from historical data and investing strategically, you can break into the lucrative world of cryptocurrency trading without sacrificing your desire for adventure.
Invest in the Stock Market
Living life on the road and earning money while you explore can sound like a dream come true to many people. One of the most popular ways to do this is through investing in the stock market.
And unlike crypto or Forex trade, the stock market is more stable and you don’t risk losing as much money. That being said, it takes much longer to make real, big profits.
It might sound daunting and risky, but if done properly it can be incredibly lucrative.
To get started, try putting a small part of your income into mutual funds or individual stocks and watching how they grow over time.
Before long, you may find yourself with a steady passive income stream wherever you’re headed on your travels.
Just remember to always do your research and never risk more than you can afford; that way, you’ll be able to enjoy all your adventures without any financial worries.
Become a Freelancer
As a freelancer myself, I can only recommend becoming a freelancer. More so, if you know how to write content, you could become a freelance copywriter.
I understand this is not the ideal answer to how to make passive incoming while traveling, but it’s still money you can make online, and that is priceless if you can’t wait for your next trip.
If you are creative and tech-savvy, becoming a freelancer might be the ideal way to make passive income while you travel. With the right setup and equipment, you can work from anywhere in the world as a freelance writer, graphic designer, or web developer – just to name a few!
Sell Adobe Lightroom Presets
Last but not least in this list is to sell Adobe Lightroom presets, and you could make so much more money than you can imagine.
With digital products, there’s no inventory, shipping, or printing costs required, as we’ve already seen above.
Plus, with Adobe’s suite of photo editing tools, customers can download and apply your presets easily within minutes.
Setting up a store is simple with the wide range of online marketplace platforms available. Alternatively, you could create a profile of social media, which is an excellent way to advertise your filters and presets.
So get creative; come up with some cool preset designs and start earning from your adventurous lifestyle today!
Conclusion
There you have it: 15 awesome ideas to make some extra or even full-time income while living your best nomadic life. Naturally, some of these ways to get passive income require hard work beforehand, but they largely guarantee some profit in the future.
So if you want to have a side hustle that will ultimately fund your travels, make sure to consider one of those!