Judging from the emails I have received, there seems to be a lot of interest in learning how to make money when you move overseas and even more interest in getting this income stream going BEFORE you relocate offshore. So over the next couple of weeks I will share stories of some people who are making a good living without a J.O.B. Hopefully these stories will give you ideas of things you can do to make money overseas or at home.
I built my first web site in 1994 and have been very active in the online marketing world ever since so I know a lot about creative ways to make money online.
SELLING WHAT YOU KNOW
One of my membership web sites, www.CashFlowDepot.com offers online training for real estate investors. With my 20 years experience as a real estate investor I have a lot of knowledge about making money with real estate. People are willing to pay to learn what I know. Members have access to training videos to learn hundreds of ways to buy real estate below market, how to buy without using bank financing, how to sell properties in 7 days, and many creative techniques and strategies. I even do weekly coaching calls from my home in Boquete Panama. In addition to the online training, I sell books. eBooks, home study courses, online seminars and live seminars from that web site. Members pay $297 per year or $47 per month for access to the member’s area. I have thousands of members.
What do you know that someone else would like to know? You can sell that knowledge! Initially you could sell an ebook about the topic but you could also create some training videos then create a membership web site. People are starving for information these days and will pay for your knowledge.
Marilyn lives in Boquete. She has 100 simple little web sites which make money every month selling either affiliate products or products she has sourced from China then resells online. These are called “niche” web sites because each site is about one specific niche. She makes $100 to $1000 per month per web site. Do the math!
The great thing about niche web sites and online businesses is that they can be run from anywhere. It’s a portable income. You are not tied down to one location so you can make money from anywhere. Once you get an online business up and running smoothly, it will make money even when you are sleeping.
A good example of a niche web site was the one I shared in Fund Your Freedom Overseas book in the affiliate section. See
The owner of the site may or may not be Bob. And he has none of those products sitting around his house waiting for an order. Instead, Bob is has Affiliate links to products which sell on Amazon. If someone clicks on a product then later buys it, Bob will make a commission which could be anywhere from 5-15% depending on the price of the product. Amazon will send a direct payment to Bob’s account every two weeks.
Another guy I know, Adam Short has created over 300 simple little websites that make as much as $1000 per month…EACH
… and in some of the weirdest, untapped niches you’ll ever see. Adam probably knows more about niche web sites than anyone I know.
Adam created 5 VIDEOS to explain niche web sites and how they can Fund Your Freedom Overseas. Adam has a great course too which is really step-by-step for getting started with niche web sites.
I have used his course myself for some of my niche web sites. If you decide to buy his course he will probably send me an affiliate commission (full disclosure). Adam makes it easy by providing everything you need to get started.
Some popular niches are juicing, pets, gardening, cooking, golf, … etc. You really don’t need to know anything about the niche but it is much easier to stay excited about your web site, and the products, if it is something you are interested in.
With a niche web site you do not need to buy products or ship them. You just create affiliate links to products which are already for sale on Amazon.com The 5 Free videos will explain more.
Amazon offers free training about Affiliate Marketing once you register at their web site https://affiliate-program.amazon.com/ That is also where you will select your niche and the products to go with it.
There are over 30,000 product categories and millions of products being sold on Amazon right now!
Ecommerce was a $1.2 TRILLION dollar industry in 2013, a 17.1% increase over 2012. Amazon alone did $70 BILLION last year with 40 PERCENT of that coming from ordinary folks like you and me.
Ecommerce business can sell products to anyone anywhere in the world. So, YOU can be location independent, but your sales are too.
When I wanted to learn about selling products on Amazon and Ebay, I purchased two courses. One was really good but very expensive. The other course is also excellent, and much more affordable, you can see details about it here.
You may be able to figure it out on your own, but I’m the kind of person who needs some training so I can hit the ground running.
Of course you could make even more money if you do buy the products then resell them. The products can be shipped from the manufacturer directly to Amazon’s fullfillment center. When an order comes in, Amazon will ship the product for you. They charge about 7% commission for this service – which is bargain! If you decide to get your own products I strongly recommend that you private label them. This means that you have your own brand.
I use www.Alibaba.com to find manufactuers in China with products I’m interested in selling. It is important to always order a sample before you place a bulk order.
Want to know what sells well? Look no futher than Amazon’s Best Seller List in each category. The top 100 items are sometimes more competitive but if you look at the top 101 to 200 or even 300 you will find some great opportunities.
Turn your travel in to a product sourcing trip…
My daughter, Melissa, and I recently went to Ecuador to buy products which could be resold on Amazon and Ebay. We bought 4 suitcases full of items. Our trip was a business expense and the profit from the products has more than paid for the trip with plenty of money left over. No web site needed when you do this. You just need to take photos of the products, write a description, they add it to Ebay or Amazon.
You may have heard of drop shipping which is similar to affiliate marketing. Honestly, I know a lot of people who have been burned with drop shipping so I would not advise it. Drop shipping is where you market someone else’s products. When the order comes in, you send the manufacturer the money then they ship the product. The problems arise when you send the money to the manufacturer but the product does not get shipped or the customer is not happy with the product. You could get caught in the middle of a dispute you don’t want to be dealing with from your home overseas.
An easy way to get started with a niche web site is to buy an existing web site then add your own content and the affiliate products you have selected from Amazon. The two best places to buy an existing web site are Ebay.com and Flippa.com EBay is usually cheaper. To see what’s available, go to www.Ebay.com then search for websites. Many companies who sell web sites will also sell hosting to make it quick and easy to get started.
Speaking of web sites….if you have experience with building web sites there is an opportunity to FLIP web sites. This is a term which is used in real estate investing a lot when you buy an old run down house then fix it up to sell it for a profit. You can do the same thing when you find an ugly web site for sale that has a good domain name. You can give the web site a facelift with a new header, new content, and nice royalty free photos, add some affiliate products, then put it back on the market to sell it again.
The best place to sell a web site is www.Flippa.com They even offer a free course about buying then selling web sites. (See the Buying and Selling guides at the bottom of their web site) The last time I flipped a web site I purchased it for $1500, spent $50 for some new graphics, rearranged the site so it was easier to read, added content and some products. Once all this was done, I put it back on Flippa and sold for $12,000. The whole process took less than 30 days from the time I bought the site until I sold it.
All these techniques are great ways to Fund Your Freedom Overseas. They are simple but some do require a bit of a learning curve to get started. There is plenty of online training courses to help you learn these techniques. Make sure the information is current because things change often in the online world. If you have questions about any specific courses, send an email to firstname.lastname@example.org I may have personal experience with the course and will be glad to share what I think.
NOT AN INTERNET GEEK?
No Problem! If you have not done so yet, read my book Fund Your Freedom Overseas to learn more ways to make money overseas. You don’t have to be an internet geek. There are plenty of other ways to make money without using the internet. The book is free. Just enter your name and email on the right side of the web site for instant access to the book.
During the Panama Relocation Tours I share even more ideas about how you can make money overseas in specific locations in Panama.
In my next article I will write about things you can do which do not require a web site or any online marketing expertise.