Digital nomadism is gaining more and more popularity and the reasons why are not difficult to fathom. Even before the latest pandemic, the freedom to work from whatever spot seems the most attractive at the moment seemed like a dream come true.
With global economies coping with the economic consequences of COVID-19, more countries are coming up with special privileges for digital nomads.
So, what are you waiting for? The wide world is waiting to be discovered.
Still, there are a couple of things to consider before you set off. Let’s take a look at the most important of them.
Whether you’re planning to relocate abroad or simply keep traveling while working, you’ll need to think about the paperwork. It is absolutely recommended to make copies of all important documents. In addition, consider keeping copies with a friend or family member. Should you need any additional documents down the road, the friend can send them to you.
Check your passport validity and visa requirements and renew the passport if its validity is less than one year even if you’re planning to come back sooner, just in case.
Also, if you’re not planning to rely on public transport and taxis, consider obtaining an International Driving License.
Additionally, look for a great email client where you can store all of your emails in one place. This can also serve as a way to backup your documents.
Establish Yourself as an Expert in Your Field
The gig economy is huge and capable of accommodating all kinds of niches. Even if you’re relying on projects, you can do wonders to establish yourself as an expert in your field. Think about creating a professional website and joining relevant forums and marketplaces. Cross-promote your products and services on social media. This can work for anything from content marketing to more critical jobs. Create a sustainable strategy and stick to it, and then you can even sell an online course from your website on your findings.
Attract New Customers
There’s no point in doing any of the above if you’re not working on attracting new customers. You should make sure that the content you publish is SEO-optimized. It is crucial to keep communication alive, so make an effort to address any query timely.
Another efficient idea is to create a course that fits the niche and can attract customers. E.g., a course about learning about email programs when you offer email services, including email marketing and similar points of interest. The same applies to any other niche, so take your time brainstorming ideas.
Learn All About Taxes
Depending on the state you’re from and also on the country you’re relocating to, different rules may apply.
However, remember that the U.S. is 1 of only 2 countries that applies taxes to all of its citizens if:
· They lived in the state for any duration during the tax year
· Their immediate family lives in the state while you’re abroad
· They have a permanent place of residence in the state
· They keep your voting rights, ID card, or driver’s license in the state
As regards to state taxes for digital nomads, you are eligible if you’re earning income in the state (pension and retirement income and other government benefits also apply) unless you’re from Alaska, Florida, Nevada, South Dakota, Texas, Washington State or Wyoming.
When it comes to the taxes of the country you’re relocating to, different countries have different rules. However, most of them apply taxes if you stay more than 3 or 6 months in the country. This is common practice for residential taxation countries that include Australia, China, Japan and Mexico. Other countries impose tax only on income earned in their jurisdiction; some of the countries following this rule include Costa Rica, Hong Kong and Singapore.
Keep Your Business Ideas Relevant
Setting OKRs is a good way to help you keep track of your goals and their progress. To keep your business relevant, you should consider multiple strategies, or rather, one far-reaching strategy that includes marketing, online courses, email campaigns and customer support.
To succeed as a digital nomad, you’ll need to think ahead because income can be unpredictable if you don’t have a stable base of recurring clients. Work towards securing them, and always look to asynchronous communication to stay productive.
The bottom line is that your expertise can focus on absolutely anything, whether you specialize in clean energy or write content.
Before you move abroad, collect all paperwork, inform yourself about the taxes and additional costs, and even consider some cross-cultural training. It’s an ongoing effort but that can be said for all successful things in life.