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2018-09-23 23:59:59Advice for EntrepreneursEnglishAre you hoping to become a digital nomad? Do you long to break free from the constraints of a traditional 9-5, so you can embrace the life...https://quickbooks.intuit.com/au/resources/au_qrc/uploads/2018/09/iStock-833170576.jpghttps://quickbooks.intuit.com/au/resources/advice-for-entrepreneurs/how-to-become-a-digital-nomad/How To Become A Digital Nomad | QuickBooks Australia

How to become a digital nomad

3 min read

Are you hoping to become a digital nomad? Do you long to break free from the constraints of a traditional 9-5, so you can embrace the life of a entrepreneur on the go? Many workers who used to be chained to their desk or office, are now free to roam the world, thanks to the internet and digital technology. While not everyone has the opportunity to work for themselves, certain industries and skill sets lend themselves to remote life. Here are five tips for entrepreneurs who want to become digital nomads.

1 Create an income

The life of a digital nomad doesn’t happen overnight – despite what many internet sensations claim. This is a complete life change, so first you need to work out how you are going to generate an income online. Whether it’s selling a product or service, writing a blog or running an e-commerce store, creating a business and cultivating an audience takes time. It’s highly likely that you’ll need to start taking steps towards your plan well before you actually farewell your 9-5 job. Decide how you can sustain a regular income and start formulating a plan to get your business off the ground.

2 Develop your skills

Once you’ve decided how you will create an income online, you then need to evaluate your current skills. If you want to create your own blog and travel website, you might want to learn about search engine optimisation and social media marketing. If you want to become a social media influencer on Instagram, you might need to invest in a good DSLR camera and take a photography course. Ask yourself – do you have all the expertise you need already or are there skills you need to learn in order to grow your business?

Business plans, papers, laptop and coffee cup on the floor

3 Review physical possessions

Once you understand how you are going to generate an income online, you then need to start making changes to your physical surroundings. If you intend to travel while working, or at least, not settle in one place for too long, you need to start sorting out your personal belongings. Anything that you can’t take with you, you will either need to sell, giveaway or put into storage. The life of a digital nomad is not for people who are attached to physical possessions. It’ll be easier to start your life on the road without too many things holding you back.

4 Start to hustle

There’s no need to wait until you’ve quit your job and left the country before you can start generating an income online. You can begin your business as a side hustle, and start building your audience and creating a monetisation strategy right away. It often takes a bit of money to get a business up and running so if you can do it while you still have your day job, you’ll be in a better place financially when it comes to actually kicking off your life as a digital nomad. It’s also a great time to start paying off your debts and getting on top of your financial situation.

5  Find your community

Becoming a digital nomad can be a lonely ride, so you need to find and build your own community. Join online groups made up of fellow freelancers and entrepreneurs who can offer insight and advice. Get hold of a business mentor so you can make sure you’re supported on the journey. You will also find that digital nomads are, not surprisingly, all over the world. So as you travel, make sure you attend events and visit co-working spaces where you can meet like-minded nomads.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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