How to Make Money When Living Abroad
What am I going to do for work if I go traveling or move to another country? How do I look for international jobs? Others are somethings trying to become digital nomads who roam the worldwith a location independent life. In between are families, career changers, and restless souls who are unhappy about how boring and routine their life has become. Others are sick of the politics and an unaffordable health care system.
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Everyone has very different skills and abilities, different things they can get paid to produce or do. Writers, computer coders, and graphic designers have an easier time than cops, firemen, and carpenters, for instance. If you are competing with the local workforce, any cost-of-living decreases are offset by lower wages.
You can work from home wherever home happens to be. There are plenty of oldies but goodies out there that require a physical presence.
Some of them even pay well. During my very first trip around the world, I got certified to teach English as a second language and went on to do that in Turkey, Korea, and even part-time in New York City. Now I make a living completely online from the websites I run and from book royalties.
Plus a smattering of Amazon sales from the likes of Japan and Australia. Those are two ends of a spectrum in which many possibilities lie. Physical Jobs in a Foreign Country The original ways people made money while traveling the world or living abroad still exist. Teaching abroad is still quite popular and ESL teachers are always in high demand. You can get a recognized certification to teach English in about a month and then—if you have a college education too—can get a job teaching almost anywhere in the world.
Wages will vary greatly though. The other option that exists now is to teach by Skype.
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I have friends living in Mexico who are teaching kids in China and Korea. The hours suck because of binary options signal platforms time zone difference, but the money is better than teaching locally. These online teaching jobs are a relatively recent development and demand is growing fast. There are also ever-reliable options like being a scuba diving instructor, tour guide, yacht mate, or ski instructor if you have the right skills or certification.
Along with unpaid volunteer positions, unfortunately. A large number of real estate agents working in places where foreigners are buying are foreigners themselves.
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Many people manage to take what they do now and get a real job in another country. They apply for a transfer with their company or they apply for a new job abroad where they easily qualify. If your skill revolves around an international language of some kind, that makes it easier.
Same for medicine, lab work, or accounting.
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The terminology and local laws may change, but not the underlying principles. Many educators move abroad by working in an international school or for the state department.
These are legit online jobs, looking much like any other job ads, but without the commute.
As this is going up they have open positions—in the middle of a worldwide recession even. At the other end are the jobs almost anyone can do: pick fruit, wait tables, tend bar, make coffee, man the hostel desk. Again, the less skill or experience a job requires, the easier it can be done by a low-paid local.
This is not as daunting as it sounds really. You lease the building, put your marketing skills to work, and whatever you earn above expenses including the rent is your profit. There are a lot of situations like this where you can get started with a modest investment. They roast the best coffee and rent out some of the nicest Airbnb places. Many expats make a job instead of getting a job.
Besides the obvious food and beverage options including breweriesforeigners often own yoga studios, massage therapy businesses, holistic medicine practices, gyms, and surf schools. Just have a good advisor or partner who can navigate the local laws. Otherwise it can be a frustrating experience, especially with a physical location and full-time staffers.
There are hundreds of books, podcasts, and websites out there on how check options set yourself up in a business that will generate online income. This can be anything from blogging to offering a software service to selling physical goods via Amazon. Plus there are thousands of freelance gigs you can do remotely.
I have a guest post on this blog from someone who offers courses to get set up to do proofreading and transcription online as a freelancer. Then there are all the businesses where you run it yourself online, with no boss to deal with where is it better to make money abroad no middleman to pay. You need to tread carefully and make people earn your trust first before going for shortcuts and easy answers though.
The latter two offer a built-in community you can pay to join with very active message boards.
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Try getting a return like that on Wall Street or even with real estate. Plus you eliminate all that time of building and building, waiting for your blog or business to get indexed well in search and start gaining followers. Something tells me there will be a lot of blogs and websites for sale in the coming months after this current ad revenue decline.
On Flippa as I write this there are informational sites, job match-up boards, and drop-ship companies for a crazy variety of subjects for a few thousand bucks each. Just try to align this method to make money where is it better to make money abroad abroad with something where you have some competence or at least care about it enough to learn.
Coming into an drop-shipping business when you know nothing about logistics, e-commerce, or customer service is probably a bad idea. The revenue streams from a website can vary widely advertising, e-commerce sales, commissions, referrals, etc.
Hopefully one of these methods to make money living abroad will resonate with you and align with your skills or passions. You will probably end up better than you are right now.