Financial Independence, digital nomadism and online Businesses

Starshine

Jedi Master
FOTCM Member
An introduction about my case, you can skip if not interested.

As I'm travelling since almost 8 months now, I got progressively interested in what is called digital nomadism.
I also understood in that period what Gurdjieff said about having to become an Obyvatel before being able to start the Work.

As it happens, I took some risks. I had no funds available.
So I took a loan and consciously chose to have the sword of Damocles on top of my head.

My goals were :

To first, give a try having my own Business as a masseur for 3 months, as a seasonal activity to benefit from the vacationers flow.

Second, to be able to travel and get more training in massage. I learned Thai in Thailand for 2 months, Balinese and Hawaiian Lomi-Lomi in Bali.

My plans were originally to learn from different massage techniques all over the world and make a blog about it, which I thought at the time, could have been a possible help to start pay off my loan in 2 years.
I still have the idea of creating a blog and have all the required tools (I paid for a training and it was worth it) to make it something personally, professionally and potentially financially rewarding.

I got stuck in the process when it came to writing, but this is part of the experiment, I guess. A pinch of perfectionism and some narcissism surely helped not starting it. Also I made the mistake to directly think about money instead of thinking about what can I bring that is useful, and lacked self-confidence.

This is the biggest mistake.

11 tips to be succesful ?

1. Dare to go towards people
2. Be supported by your beloved
3. Dare to take risks
4. Master Marketing
5. Work in Team, Network
6. Work Hard
7. Be organized
8. Love what you do
9. Always Be honest
10. Create Value for others
11. Keep learning.

Nothing about Money here. I still have some points to work on, that is for sure.


What changes now is that I plan to do it with my girlfriend now.
I also, of course, would like to advertise your Work here on the forum, as I owe you most of what I've been able to discover, in an out, possibly having some testimonies from french members, and do a lot of translation work to make it more available to French readers. We are working on it.

I finally landed to Australia to join my girlfriend (we were together before but started our travels separated as our goals were different at the time) AND to work as I was getting short on money. We worked, also did some Wwoofing and HelpX (Work/Help in exchange of shelter and food: it is a great experience and I recommend it). Still, life is expensive and I am still looking for that full time really quick.

Things are getting really serious now but I think I had to experiment being on the edge of the Abyss to learn somethings.
And I am learning somethings.

Financial Independence

I don't need a lot to thrive, this is what I learned too. Just some Pork Chops ;)
I have in mind an article Laura wrote about money and how we consider it, can't find it but at the time, it was really eyes opening.
I am from middle-class struggling with money at the end of the month and it seems like I come with a distorted view on money and what it means to be rich. Laura gave me clues, again, to consider money as a neutral value. Just what you do with it.

But this is where the vast majority of the people I know get stuck in their life. It enslaves us in the grid.
When you only have a single income and it is not that big, like most people, there's no surprise. Pay the taxes and all you owe for the way you live, close your eyes and tighten up. It is not that exaggerated, maybe not the case for everyone, but for a sufficient part of the population.

Is it financially safe to have a permanent work contract ?

Definitely not that much. There's enough cases of companies closing branches and leaving their employees with the only option to either being transfered far far away or being left unemployed, after all.
How is that for a security ?

What about retirement ?

You have to work 40 years, and we are talking about regular(declared) work to get an income that will be minimized. But what you owe remains the same. Counting on retirement, when I observe how our elders are treated, struggle and finish their lives, doesn't seems so smart.

What is the solution ?
I am looking for it. It may reside in multiple residual incomes. Multiple so that you never totally depend on one source.

It seems like, nowadays, there's four real Pillars to make residual income. The others might be more disappointing.

1. Real Estate
2. Internet
3. Stock Exchange
4. Having your own business

Of course, each one needs to be mastered. But this is where you can earn money. At that time being, it would be more interesting to me to focus on Internet as it is the only option available and it really offers hips of opportunities.

So let's focus on it. As long as the Grid and Internet still exist ;)

How can we make money with Internet ?

Even though it may not seem that obvious, some people make a whole lot of money through it. Especially some famous blogs.

How so? I yet have to learn all of it, and maybe we can discuss about it if anyone has information to share.

But a simple search lead for example to : _http://techwelkin.com/earn-money-online-20-clean-methods-of-using-your-skills

1. Blogging
2. Design Themes
3. Teach Online
4. Become an Online Author
5. Sell Designer Merchandise
6. Become Video Publisher
7. Find Online Jobs of a Wide Variety
8. Become a Translator
9. Online Transcription Jobs
10. Affiliate Advertisement Income
on your website.
11. Sell Your Old (and New) Stuff
12. Online Coding Jobs
13. Start an Online Newsletter Magazine
14. Be Creative, Sell Online
15. Lend Your Voice!
16. Help Kids in their Studies
17. Sell Photos Online
18. Sell Website, Domain Name or Mobile Apps
19. Become an Online Website Tester
20. Make and Sell Music
21. Become a Guest Writer


Basically, nowadays, to run a business online is something that became possible, from wherever you are.

And it's really interesting to discover all the resources and tools available. I'm just getting started but I see a great opportunity there.

So, some useful links on the way, from the free Digital Nomad Playbook, for free on https://www.upwork.com/:
Coworking spaces: This is probably one of the easiest ways to find other location-independent entrepreneurs. Coworking spaces bring entrepreneurs together, often hosting networking events.
http://wiki.coworking.org/w/page/16583831/FrontPage

Meetup: Search Meetup groups to find one that meets your interests. This usually works best in larger cities. Many locations have groups for startups, entrepreneurs, and industry-specific interests. You can also just join a standard social group to connect with new friends.

Facebook: Surprisingly enough, Facebook can be a great way to find groups of people in some cities. Many cities have Facebook groups for foreigners, where people will post information about groups and events. It’s similar to an online bulletin board.

Google
: Sometimes simply searching on Google for interest-based or entrepreneur groups in your new city will provide local websites and resources for you.

Cafes, universities, and community spots: Some cities rely more on word of mouth and bulletin boards. Look for cafes and restaurants that advertise upcoming events.



Google Docs: Forget the days of countless email chains with attachments. A great choice for creating, sharing, and collaborating on content.

HipChat: If you have a small team, HipChat might be a good alternative to Skype messenger or Google Chat. It’s a chat-based program where you can create multiple “rooms” for certain projects or subjects. Team members can discuss the topic at hand, ping each other, and get synced across all devices. You can set up a free trial account to get started.

Skype: Skype has greatly increased the ease of communication for global teams by reducing the cost of international calls. For team meetings, you can use Skype’s free group video calls to interact. If you need to call a landline or cell phone, Skype charges a few cents per minute.

Google Hangouts: Another great option for video conferencing, it is used much like Skype but often with better call quality, and fewer dropped connections.

World Time Buddy:
Part of running a global team is dealing with time zone differences. World Time Buddy allows you to communicate meeting times in multiple team members’ time zones.

OANDA: OANDA.com is an online currency converter tool that makes it easy to work with global teams. It’s helpful because you can select the date of your transaction after the fact to get the most accurate exchange rate for expense reports. It’s especially useful when you use cash instead of credit cards while on the road.

“Unless I Hear Differently”: This isn’t a technology per se, but a way to utilize email to your advantage. “Unless I Hear Differently,” or “UIHD,” is a concept that puts 90% of the decision making responsibility on your team. Whenever there is a decision to be made, a team member sends you an email that says “UIHD: I’m going to do ______.” If they don’t hear back from you within 24 hours, they have your implicit permission to move forward.

There’s a dynamic community of location-independent entrepreneurs podcasting and blogging about their experiences. Get plugged into a few of these to discover new strategies and tactics.
For a list of great location-independent bloggers and resources, check out Nomadic Notes. Also, come check us out at Tropical MBA! We have a weekly podcast to help people build location-independent businesses and share stories from others who are living the digital nomad life

Let me know what's your thoughts about it all. I hope some people find some useful links there and to provide you some ideas too.

Cheers and thanks.
 
Hi Starshine, and thanks for your post. I agree that sometimes one has to move "close to the abyss" to learn something really new. And the thing you described, entrepreneurship, is a good opportunity for that. Undertaking your own enterprise is a good way to 'test' yourself against objective reality by establishing a strong and direct interface with the real world, with real people in it. Running your own enterprise has the tendency to mercilessly strip away intellectual and emotional illusions, which is good in the Work context, and it may help you building up your own strength and willpower. In this context, when Gurdjieff said that no Work can take place on a level lower than an obyvatel (an entrepreneur of some kind?), it really makes sense. However, where there is great potential, there is great risk, and one should be cautious nevertheless.

I also fully agree with your following list, but want to highlight one element which, for a business, should be number one:

Starshine said:
1. Dare to go towards people
2. Be supported by your beloved
3. Dare to take risks
4. Master Marketing
5. Work in Team, Network
6. Work Hard
7. Be organized
8. Love what you do
9. Always Be honest
10. Create Value for others
11. Keep learning.

As Ark said, in order to give something, you must first have something. And usually, to have this something, one has to work hard and long for attaining it. Maybe you can think of what this particular value is that you want to give?
 
Good Morning Starshine, and welcome to Australia.
The first thing you need in business is a business plan, like if you fail to plan then you're planning to fail.
The next thing is to value-add: like if you were WWFing, you could offer your services to the farmer to build his internet capability or web page, or maybe offer services toward establishing hydroponics or soil rehabilitation.
The possibilities are endless.
Bon Chance!
 
Hi Starshine, after re-reading some of the Gurdjieff books I'm amazed at how time and again in the most difficult of circumstances he was able to make a small fortune from virtually nothing and support not only himself but others around him as well. Truly a remarkable man!

I agree with MusicMan about having a plan. You need to think about your goals first and then with faith and perseverance work to make them a reality. I found 'Think and Grow Rich' by Napoleon Hill really helpful in this regard. I put off reading it for years because I thought it was only about money but really it has nothing to do with money at all.

Not that you are doing this but many people do underestimate the amount of work involved in setting up an online business. Those outstanding successes often come at the end of years of consistent effort.

1. Blogging
2. Design Themes
3. Teach Online
4. Become an Online Author
5. Sell Designer Merchandise
6. Become Video Publisher
7. Find Online Jobs of a Wide Variety
8. Become a Translator
9. Online Transcription Jobs
10. Affiliate Advertisement Income
on your website.
11. Sell Your Old (and New) Stuff
12. Online Coding Jobs
13. Start an Online Newsletter Magazine
14. Be Creative, Sell Online
15. Lend Your Voice!
16. Help Kids in their Studies
17. Sell Photos Online
18. Sell Website, Domain Name or Mobile Apps
19. Become an Online Website Tester
20. Make and Sell Music
21. Become a Guest Writer

The devil's in the details but there's some ideas there to make some extra cash and potentially build a full time income. I would add product creation to the list as well as coaching and providing online services to local business.

Wishing you all the best with your endeavours! :)
 
Thank you all for your comments and feedbacks. I really appreciate it!

Data said:
As Ark said, in order to give something, you must first have something. And usually, to have this something, one has to work hard and long for attaining it. Maybe you can think of what this particular value is that you want to give?
Hi Data,
My focus for the moment will be to build the blog.
The topic of the blog will be the ketogenic diet and health in a related way. It will be in french.
This is what we want to bring as a value : Spread the word in a clear manner.
It will consist of:

Our experience, mistakes and trials as beginners.
Informations regarding the diet, as a lot is available in English but not in French. So, a lot of translation work.
Testimonies from people following the Diet.
Recipes.
Videos.
And health topics related to the Diet and environmental dangers.

Any suggestion would be appreciated, of course.
It will require a lot of work and I am conscious about it. I am also conscious that I am not an expert and by no means it will be my intent to pretend so.

MusicMan said:
Good Morning Starshine, and welcome to Australia.
The first thing you need in business is a business plan, like if you fail to plan then you're planning to fail.
The next thing is to value-add: like if you were WWFing, you could offer your services to the farmer to build his internet capability or web page, or maybe offer services toward establishing hydroponics or soil rehabilitation.
The possibilities are endless.
Bon Chance!
Hi MusicMan,
As for the Business Plan, it is not yet well defined. I still have to look for it in my blog trainings, but as there is a lot of things to do BEFORE making some income out of it, I am for now focused on what has to be done before.
I have the plan to work on and promote the blog best though :
Make valuable, attractive and inspiring content.
Do Featured Posts on influent websites and other blogs related to the topic to have external links to the blog.
Create a launch effect beforehand.
Invite people to subscribe to th newsletter in exchange of a free gift. An ebook seems like a good idea.
Of course, be present on social medias.

The backend and design are almost finished and with the tasks above, I already have plenty of work to do before thinking about the next actions to undertake.

Beorn said:
Hi Starshine, after re-reading some of the Gurdjieff books I'm amazed at how time and again in the most difficult of circumstances he was able to make a small fortune from virtually nothing and support not only himself but others around him as well. Truly a remarkable man!
Hi Beorn,
I agree with MusicMan about having a plan. You need to think about your goals first and then with faith and perseverance work to make them a reality. I found 'Think and Grow Rich' by Napoleon Hill really helpful in this regard. I put off reading it for years because I thought it was only about money but really it has nothing to do with money at all.

Not that you are doing this but many people do underestimate the amount of work involved in setting up an online business. Those outstanding successes often come at the end of years of consistent effort.

1. Blogging
2. Design Themes
3. Teach Online
4. Become an Online Author
5. Sell Designer Merchandise
6. Become Video Publisher
7. Find Online Jobs of a Wide Variety
8. Become a Translator
9. Online Transcription Jobs
10. Affiliate Advertisement Income
on your website.
11. Sell Your Old (and New) Stuff
12. Online Coding Jobs
13. Start an Online Newsletter Magazine
14. Be Creative, Sell Online
15. Lend Your Voice!
16. Help Kids in their Studies
17. Sell Photos Online
18. Sell Website, Domain Name or Mobile Apps
19. Become an Online Website Tester
20. Make and Sell Music
21. Become a Guest Writer

The devil's in the details but there's some ideas there to make some extra cash and potentially build a full time income. I would add product creation to the list as well as coaching and providing online services to local business.

Wishing you all the best with your endeavours! :)

Indeed he was a remarkable man. Thanks for the reading suggestion, it seems like a good time to read it.
I know enough to not underestimate the time and implication needed in this task, but I want to commit to it, organize and plan my time around it and grow my will to do so.

I've been able to set up my goals in short-middle and longer terms, which is a really good thing. I understand the importance of the scale and the need to take action according to where you are on the scale.

For now, it means working on that blog and make it something professional. And potentially financially rewarding in 1 year or so. Then when it'll be set up it could help me to undertake other projects online, like building websites for companies for example.

I am realistic about all this and also know that it will take time and effort.
And the priority is still to find a full-time job somewhere in Melbourne while I'm working on this.

What I need is to :

Being more productive, learn to manage my time to the best.
Being productive by gaining clarity and specificity. Getting 100% focused and get rid of distractions.
Learn to package my content in the most attractive way.
And of course, network and maintenance.

That is exciting, I will stay open to any recommendations or feedback to help me keep the Coach getting better.

Cheers ;)
 
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