The importance of knowing how to make money remotely
The bottom line is that once you know how to make money remotely, many of the restrictions that might be placed on your life are immediately removed. As you may have discovered if you worked remotely in your current 9-5 during the pandemic, there was no commute to the office, and if you wanted to, you could have carried out your job from pretty much anywhere in the world.
Here at PromoGuy, we have put together several ways that you can do this - including our own speciality of sports betting and sportsbook promotions. We’ll cover the pros and cons of each method in turn to see which the best way is to make money remotely and even how to make money travelling the world.
How to make money travelling – what do you need?
Before we do that, we need to check out what you’ll be needing to live the life of a digital nomad. If you are travelling, you will need to find a way of making money that is solely based around your laptop or a mobile device or a tablet, you’ll need some way of connecting to the internet, as well as possibly a VPN to help you with security as well as some other issues.
As you might expect, this rather strict list excludes many of the options that might immediately spring to mind when it comes to making money, as there are no premises to run your business from, or any storage space to keep any stock. So we’re going to look at sports betting first, as this can be done from many different locations, simply using just your laptop or a tablet.
How to make money remotely using sports betting
Sports betting does not have to be the haphazard activity you might have imagined, but instead a way to make money online that is already practiced by many people. Online sportsbooks are, in the main, designed to make their money from bettors who do so for fun or entertainment. They are typically betting based on emotion or as a fan, rather than using any particular plan or strategy, and as such are happy with the very few occasions that their wager comes off.
There are also those who go into this with the expectation of winning more money than they lose over the long term, look for value in their wagers using betting site odds and spreads calculators and have a strategy that they follow that allows them to do this. As you can imagine, doing this does not have to take as long as a regular job or running a business, so is a good fit for those who want to combine working and travelling as part of their lifestyle.
Essential steps in making money remotely with sports betting
We mentioned the technical things that you require earlier on, but there are other things you’ll need in addition to those if you want to make money remotely. These include finding the best live betting sites to make those wagers, and a strategy to follow that can provide you with the results you need over time.
Finding the right sportsbook for you
Getting this right is key to your success, as you’ll need to look for the right sportsbook that covers all of the sports and markets that are needed for your strategy. For example, do you want a sports book that covers a certain sports or accepts a certain payment method, or perhaps one that has a great VIP betting offer. Doing this can take a long time, especially if you haven’t done it before, so using the reviews here at PromoGuy can help you find exactly what you need. Also, don’t disregard the sportsbook bonus codes you can get for opening an account, as these can help to boost your starting bank if used correctly.
Finding the right strategy to make money remotely
This, as you can imagine, is also very important. As we mentioned earlier, those that make money while travelling using this method have a strategy that they have put together and they follow it studiously. These strategies are based on finding value in the odds given out by sportsbooks. Working this out doesn’t have to be as complicated as it sounds.
Positive expected value
The principle behind this is called positive expected value, and as the name indicates, it is when the odds and spreads you see in front of you can bring you a better return than you might have expected.
This does not just mean an outsider who is better priced than you thought they should be, but also favorites whose odds and spreads are not as short as they could be. Knowing how to identify those opportunities is something that can be learned and is explained in greater detail elsewhere on PromoGuy.
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Other options for remote ways to make money
Of course, there are other alternatives to sports betting when looking at how to make money remotely. These vary considerably, so we’ll look at the pros and cons you’ll come across if you choose any of these methods.
How to make money remotely as a freelancer
This is what often springs to mind when you are thinking about how to make money travelling, with the image of a freelancer sitting there with their laptop on the beach, blogging their way around the world. The same could also be true for graphic designers, copywriters and a host of other similar professions.
While this idea does have its appeal, there are other factors to consider in all of this. At the top of that list is that these people already have an existing ability that they have simply moved online. This might not currently be something you have, and you can’t learn graphic design or any of these usual ‘freelancer’ skills overnight, and especially not while travelling.
Secondly, working as a freelancer is not entirely about just doing the job, as you also need to spend time finding the work as well. This, unless you have an eye for marketing, or an established reputation, can take a lot of time and really take the edge off of your sightseeing agenda.
In addition to this, the earnings are not always what you might expect. By resorting to freelancing sites like Fiverr to source your work, you could be working for very low rates and as a consequence spending a lot more time working each day than you might have done in an office. So all in all freelancing your way around the world might not be a good fit.
How to make money remotely as a virtual assistant
However, in addition to freelancing there are other ways to take your existing skills online, and we’ll look at another of those next. You can become a virtual assistant, and while this might sound very similar to becoming a freelancer, you will find that a ‘VA’ does not have to repeatedly find new work, but instead splits their time between a number of clients who they work for on a regular basis.
While this is more stable, it does come with greater commitments and you are trading your time for money, the same way you would with a 9-5. You are also having to adhere to somebody else’s schedule while you are assisting them, which doesn’t necessarily fit in with the digital nomad concept.
How to make money remotely as photographer
Travelling the world and selling the photographs of what you are seeing does seem like a match made in heaven, and unlike working as a VA, is a much better fit for the digital nomad lifestyle. However, like being a freelancer, there is the issue of where the money is coming from.
Unless you have a deal prior to going travelling (which could be very unlikely unless you are already established in the business) you will have to upload your work to one of the portfolio sites, which are often free, but sales can be few and far between and then only for a few dollars each time. So, while this might work, ideally you’d be looking for something that brings in a bit more money.
How to make money remotely as a financial trader
This is another method for making money remotely that on paper at least, looks like it might be ideal. However, making money this way, particularly as a day trader, can mean that you are likely to end up staring at a screen when you would rather be staring at the sights.
In addition, learning this can be a little hit and miss as you need to think carefully about who you will learn these skills from, as this can involve a massive investment of both time and money.
How can we help you?
This site offers a number of sportsbook reviews and guides that can help you become better at one of these methods, sports betting. This includes a guide that tells you all about the most important of factors, positive expected value.
In addition to this, there are reviews and guides that can help you in other areas such as finding the right place for your sports betting and the other important areas around this to help you make money with sports betting.
Conclusion – finding out how to make money remotely
In this guide, we’ve taken a look at a few of the best remote ways to make money, and you’ve seen that there are a number of options to choose from. You’ve seen what the good and bad points of each one are, and how that might impact how you make money while you are travelling.
Overall, you have learned that some require you to have an established skill or spend much of your time looking for work, and it is only things like the top sportsbook apps that are tailor-made for those wanting the laptop lifestyle.
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How to make money remotely FAQ
💸 How can I travel & make money?
Making money while travelling can be the perfect lifestyle and can be hard to achieve if you pick the wrong money-making method. By checking out our free guide, you’ll be able to size up many of the best alternatives and come up with the best way forward for you.
💰Where can I find out how to make money remotely?
Making money remotely can give you a different lifestyle to do whatever you want, when you want. However, picking the right way to do this is not always easy. If you read our free online guide, you will see the pros and cons of some of the methods you might have thought of, as well as a very important one you may not have considered.
🙋 Is there a legit way to make money travelling?
If you want to make money while you are travelling, you will need to know the best ways to do it legally. A good starting place to find out exactly what you need to know is our how to make money remotely guide, which will show you some of the methods available and how they work.You can also read our other money making guides such as our online betting guide.
💻 Do I have to be a freelancer to make money remotely?
Freelancing is one way you can make money while travelling, but earnings can be unpredictable, and it is not your only choice. To see the alternatives to freelancing as a way to make money while travelling, read our free guide, which will give you the lowdown on what the other options are and what you need to get started.
