Today it’s easier to work as a digital nomad than ever before, thanks to the growth of the internet and the number of online jobs that are available.
Equally noteworthy is the fact that there are a variety of ways to live the digital nomad lifestyle as well, whether it be traveling from one country to the next, touring the United States in an RV, or just sticking to libraries and coffee shops in your area.
But regardless of how you choose to live the lifestyle as a digital nomad, there are a variety of things that you must absolutely need to make it happen.
Here are five things that you absolutely need to live the digital nomad lifestyle:
1 – A Laptop
A little obvious? Maybe, but still, it’s worth noting. You simply have to have a laptop to work as a digital nomad these days, or otherwise, a large and highly functional tablet.
There’s a reason that the term ‘laptop lifestyle’ exists. Working as a digital nomad really means that you’re working from your laptop wherever you go. And not only will you need a laptop, but you’re going to need a backpack or messenger bag of some kind to carry it around in as well.
2 – A Phone
Perhaps this is another highly obvious item, but it’s still absolutely something that every digital nomad needs to be successful: a smart phone.
There’s a variety of work that you’ll be able to get done from your phone, including researching information, making financial transactions, and sending emails. There a whole number of useful travel apps that you can download to. You can also use your phone as a personal hotspot for yourself too. Speaking of which, something else you’ll need is…
3 – A Personal Wi-Fi Router
Now here’s an item that many novice digital nomads will oftentimes overlook: a personal wi-fi router that you carry around with you as well.
In the age we live in, Wi-Fi access is more common and available than ever. From public parks to restaurants to libraries to coffee shops to restaurants to hotels, we can really access Wi-Fi access whenever we need it.
Nonetheless, this doesn’t at all guarantee that you’ll always have access to Wi-Fi when you need it. It also doesn’t guarantee that when you do find Wi-Fi that the connection will be fast or reliable.
In order to be truly productive as a digital nomad, you need to ensure that you always have access to fast and speedy internet when you need it, and that’s why you need to always bring a Wi-Fi router of your own as a backup option.
4 – Somewhere Comfortable To Work
Something else you’re going to need is a comfortable place to get work done. Take note that sitting at a coffee shop or with a computer on your lap while sitting on a sofa does not necessarily equate ‘comfortable.’
In other words, what you really need is a true dedicated workspace. This can be difficult when you’re traveling all the time and are away from an office desk like you would have at home, but it can be done.
For instance, if you’re traveling in an RV, you can modify the inside of the RV to have a work desk and office. If you’re traveling from one hotel to the other, most hotels will have a desk where you can park yourself to focus on just getting work done.
5 – Discipline
What’s the last but arguably most important thing you need to succeed as a digital nomad? Discipline.
Traveling from place to another is always fun and exciting. Still, you have to force yourself to sit down and complete your tasks and goals for the day. This doesn’t mean that you have to dedicate one hundred percent of your time to getting work done without having any fun whatsoever, but it does mean that you really need to get your priorities straight to maximize productivity.
The best way to approach this is to ask yourself at what times in the day you’re at your most productive. Maybe you’re at your most productive in the morning, and then at noon or a certain time in the afternoon, you can step away from your computer and go enjoy yourself exploring the area you’re at.
Living the Digital Nomad Lifestyle
If you want to live the life of a digital nomad, the above five things are absolutely essential for you to have.
When you’re a business leader or a travel manager and you have team members who travel, you want to make things as easy as possible for them. There are different reasons for this. First, you want them to have a sense of job satisfaction, even when they’re often on the road. This will create a sense of engagement and improve productivity.
The more your business travelers feel like they’re efficient and able to do their job without a lot of obstacles and frustrations, the more they’re going to get done. It’s going to provide a better ROI for the company, and it’s a win-win for everyone involved.
The following are some specific things businesses and travel managers can do to make sure they’re paving the way for a seamless travel experience for employees.
Make Expense Management Simpler
If you ask many employees what their least favorite parts of traveling for work is, their responses are often expense reports, approvals, reimbursements and everything else that goes along with expense management. Eliminate this headache for traveling employees and finance teams by implementing modern business expense management software.
Employees can track everything quickly and easily on-the-go, and they don’t have to worry about waiting for approvals or reimbursements. Plus, using this kind of software provides more visibility for the finance and accounting teams to keep costs under control.
If you ask most employees who frequently travel what they enjoy most about their company’s programs, it’s often the flexibility they provide. Travel managers are still somewhat hesitant to provide flexibility in areas such as booking accommodations and plane tickets. They should be more willing to embrace flexibility, however.
There are ways to maintain control over the essentials like spending, without completely controlling the employees’ travel experience.
Consider Health and Wellness
It’s fairly easy for employees who frequently travel to feel stressed and that can take a toll on their physical health and wellness. Consider this when creating policies and travel plans for employees.
Some ways to make this happen include allowing employees to combine leisure with work on their trips whenever possible, or allowing them to have an extra night in their hotel so they can rest after working and before heading home. It can be helpful to offer little extras such as reimbursements for exercise and fitness classes while employees are away as well.
Make Air Travel More Pleasant
Finally, in surveys, many people say one of the biggest stressors they face when traveling for work is air travel. There are things like delays and long lines, as well as airlines that are continuously downsizing economy offerings. If at all possible, employers should work to make air travel more pleasant for employees. This could include letting them book upgraded seats, or reimbursing them for programs that will let them skip some of the lines at security.
Another option is to pay for membership to airport lounges around the globe. These lounges allow employees to have a quiet place to relax, unwind, have a meal, or just take a quick break between flights.
South Africa is a destination that’s filled with adventure. You can start walking in any direction and find something thrilling, action-packed, or just straight up gorgeous. The scenery is unbelievable, with mountains, savannas, rivers, cliffs, and so much more, it’s impossible not to have fun there. One of the world’s most fascinating corners, which everyone should visit at least once, South Africa is downright amazing.
Seeing wonderful creatures from up close, while in their natural habitat, is an activity that’s filled with a lot of excitement. Watching the big game – like lion, buffalo, and elephant — is only part of the fun, the other part is observing the small things that make their way on the side of the road, searching for their next meal. Going on a safari trip is easier and more accessible than ever, with parks like Kruger National Park and Kgalagadi Transfrontier Park being on the forefront of the many, many places you go on a safari.
The landscape is one of the most diverse ones in all of the world, when it comes to South Africa, because there’s something for everyone – from long and wide plains, to exhilaratingly tall mountains, to dangerously looming cliffs, and perfect beaches. This is one of those perfect destinations where you can go rock climbing today, then go surfing tomorrow, only to go to long hike through wildlife reserves the following day. If you have a desire to explore different locales each day, then South Africa is the destination for you.
The waters around South Africa are absolutely ideal for every water sport imaginable, but that goes double when it comes down to scuba diving. There are numerous spots around the shores, as well as in deeper waters, so every undersea adventure can be an unforgettable one. Since the seas can be daunting, hiring the services of professionals like ScubaCo to offer help and guidance in navigating these beautiful waters can be wise. What’s most important is not to miss out on an opportunity to dive in these perfect waters.
History is one of those turbulent subjects that South Africa has a lot to say on. This entire region has been really important throughout the ages, so it’s unsurprising that there are plenty of museums that offer a lot of knowledge on deep topics like the apartheid era. There’s just so much to witness, and most of it is out on the streets in cities like Cape Town and Johannesburg, where history is something almost palpable in the air.
Do Some Photography
South Africa’s natural beauty is something that’s out of a fairytale book. Almost every sight is picture-perfect, and if you have even the slightest interest in photography, this is a destination for the ages. With so many different species of plants, to perfect background scenery, to a climate that will have you coming back for more, all of this mixed together can make the best photograph in the world.
Visiting South Africa is always a treat. There’s something special in the air when you’re passing through its fields, with adventure calling out from every corner. Visiting it is a must for anyone that hasn’t visited it yet.
Even though show business is one of the main reasons why people up and move to L.A., loads still struggle to stay there long enough to succeed in their end goals. This is why many move only after they can guarantee either employment within the first weeks, or at least an interview or two.
Some of the global brands we all know and look up too have headquartered in L.A. and became giants in their industries from there.
These include companies like Tesla, Honda, Dole Foods and Nestle. That said, the economic activity in L.A. stretches out to multiple other industries, including:
- Aerospace & Defense
- Marketing, Publishing, and Design
Most people don’t see their dreams come true overnight, so they end up having to work in industries or take jobs they never planned on taking, just to be able to continue working towards their dreams.
Finding a Job in L.A. Quickly (Los Angeles Recruiters)
Anyone who is looking to score a job as quickly as possible, should probably first register with temp and staffing agencies, with as many as they can find. This still doesn’t guarantee you’ll starting working anytime soon, but at least it increases your chances vastly.
If anything, people who are registered with Los Angeles recruiters, or any kind of multiple temp and staffing agencies, should expect at least a temporary job.
This gets the cash flowing at least a bit until you find a better opportunity.
Those who don’t get any kind of job within the first few weeks, should make a note to regularly contact all the agencies they’ve signed up with to remind them that they’re available and still actively looking for a job.
Anyone in this situation should be ready to work in virtually in any field if they’re to stay in L.A. and eventually do what they came there to do. This is specifically important if you don’t have any previous working experience.
That’s why singing up with as many Los Angeles recruiters as possible is so important.
If there’s a job opportunity that you really feel you’ll hate, you should probably still accept it and do you best until a better thing comes along.
This can be anything from being a temp in an IT start-up, working in retail, a fast-food joint, to scoring one of L.A.’s accounting jobs.
Things to do While Job Hunting
Even though common sense tells us we should hold on to our finances and avoid spending more than we need to – at least until we find a job – plenty of us still simply decline to sit in a room all day and wait for that call.
Maybe you don’t want to take one of those accounting jobs, maybe you need a good distraction if you do. If that’s the case, L.A. has plenty to offer for all those with a lot of free time on their hands.
Plethora of Annual Events in L.A.
They say that when there’s a party in L.A., the whole world is watching. This isn’t hard to believe, considering that many of the world’s most-televised events happen in the city of angels.
While you’re not looking for any of those accounting jobs, consider checking out the Golden Globe Awards, Acamdey Awards, Grammy Awards, the L.A. Film and Pride festivals, the Emmy Awards, the Hollywood Christmas Parade, and plenty more.
In fact, there are at least twenty different ‘big’ L.A. annual events that you can be a part of.
And if you’re not looking to attend or volunteer in any awards, films, or sports, events, there’s always the West Hollywood Halloween Carnaval, which regularly draws in around 500,000 people in attendance.
Biggest Sports Events in L.A.
Are you a sports freak? If you are, L.A. will keep you so busy with all of its sports events that you’ll forget you were even looking for a job.
Now that I think of it, this probably isn’t a good thing for you, but if you keep your wits about you, you’ll know to have fun while still keeping an eye out for that call.
L.A. is home to at least a dozen of live sports events every year.
There’s plenty of sports to choose from, take your pick. Whether you’re into college football, baseball, basketball, hockey, or even soccer, you’ll have something to watch and a team to cheer for while you wait for that call.
The Best of L.A. Nightlife
You probably already know that L.A. is big on any kind of nightlife. If you’re here for at least a few months, you’re bound to attend a concert of a band on tour.
In fact, if your favorite band is on tour that year, one of their stops will definitely be L.A. Every artist, young and old, down or up on the success ladder, will do their thing here.
If you’re more of a performer, you can always sign up for karaoke in Koreatown, and show L.A. what you’re made of.
In summary, if you’re an extrovert who thrives at night-time and love to socialize and party hard, you’ll probably skip on all other activities and just own the city at night.
And by day, keep looking for more Los Angeles recruiters to sign up with, and be sure to accept anything that comes at you, even one of those accounting jobs.
Running any kind of a blog is a ton of work, especially if you’re trying to get into a specific niche, such as travel. But don’t worry, I’m not going to spend all my time here telling why it’s so hard and how you’ll never make it. You’ve probably heard all of this already: The niche is saturated, there are too many big sites out there, it’s too much work – blah blah blah.
I don’t buy it. Not for a second. If you’re determined enough, have some nice ideas, and are willing to work to make it happen – then you will. This article is going to cover the advanced stuff that you need to know, such as the importance of email marketing.
Let’s get started.
1. Utilize Email Marketing
If you’re not – then stop everything you’re doing and start utilizing email marketing today. Email marketing is one of the oldest marketing methods out there, and it just so happens it’s the most effective method when it comes to reaching your audience today.
One of the first things you need to do is build an email list, and you can do this by offering your readers something in return. Incentivizing them to give you their email is very effective. You’ve probably seen this before; blogs give out free eBooks, courses, or useful .pfds in exchange for someone’s email address.
There’s almost no blog out there that doesn’t do this, and that alone tells you how effective this method is. Once you have your email list, the possibilities are endless; you’ll have a direct line (email is very personal) towards your audience.
But creating a list is just the first step. You also need to run email marketing campaigns, find and use email templates, track and compare your campaigns so you can improve, and a few other major things.
Does all this sound too complicated? That’s because it is, at least if you tried to do it all by hand – which no one does these days. Luckily, there’s a ton of software out there that automate this process.
One of my favorites is ConstantContact, as their whole set-up is really user-friendly and easy to use, and the most important thing – it gets the job done. If you’re wondering, here’s a very good review of ConstantContact.
2. Make Sure You’re Guest Blogging
I suppose (hope) you are if you’re already running a travel blog, but if you’re not, I suggest you look into starting as soon as possible. Guest posting is nothing short of being just another way to gain more readers, fans, and eventually a bigger audience.
Have a cool travel story to tell or a new idea for an article for your own blog? How about this, write up the article, and then approach an existing travel blog. Ask them to have you on as a guest blogger, with a link to your blog.
This does two things. It gives you exposure to their readers (some of which might become your active followers), and it gives them content. If we were in a perfect world, you’d have links to your blog on some of the most popular travel websites out there – but we’re not.
What I’m trying to say is that getting an opportunity to guest post on a high-authority website isn’t going to be easy. You’ll first need to find suitable blogs, and then figure out whether or not they accept guest posting. If they do – great! Pitch them your idea for an article and hope for the best.
If you haven’t done this already, you should know that it’s likely most will decline your offer. It’s normal for new sites and bloggers to approach dozens of other websites before getting a chance to guest post.
3. Get Social Media Savvy
The thing that a lot of blogs and businesses tend to neglect with social media, is to actually be social. I reckon you’ve already set-up all your social media profiles and there are people liking and commenting your stuff. Get engaged with your audience, talk with them, respond to the comments, and share things from other bloggers that you think your audience might enjoy.
Besides being social, you also need to be active. But at the same time, make sure you don’t spend hours upon hours on it every day. The best thing to do is to sort out a schedule for your day, figure out when’s the best time to post, and when’s the best time for you to go in and respond to a few comments.
You also need to use every platform in a certain way. What works on Instagram might not work on Facebook or Google+. For example, Facebook is probably best for one or two posts a day, with short captions on top. Facebook live is an awesome way to connect with your audience further if the situation is right.
Twitter is more about updating your audience, and for linking your new articles. Set up a schedule to post a link and perhaps one or two images of your new articles a couple of times this month. Do this with every new article. Also, don’t over-do hashtags.
Instagram is obviously all about beautiful pictures of the places you’ve visited. But while you’re at it, feel free to post a nice description and also ask a question that encourages your followers to engage with your content. Hashtags are also big on Instagram, use them wisely, and also always tag your location, this will help with discovery for potential new nearby followers.
There’s a very good reason why Thailand is one of the hottest travel destinations in the world. In fact, there are a lot of very good reasons.
Nowadays, you would be hard-pressed to find someone who hasn’t been—or at least thought about going—to Thailand. The country of eternal sunshine, spectacular scenery and mouth-watering food, Thailand has a lot to love.
So, without further ado, here are my reasons why should book your Thailand vacation right now.
1. The Food is Sensational
Let’s start this list with the most important point: Thai food is the bomb. And, guess what? You can get really good Thai food in Thailand. From the fancy restaurants in Bangkok to the omnipresent street food vendors, everything that touches your lips out there will be a delight.
If you are unfamiliar with Thai food then Pad Thai and Massaman Curry are a good place to start. Mild but delicious, they make a good segue into more adventurous dishes.
2. The Beaches are Perfect
Let me just qualify this. There are some beaches that aren’t perfect. Haad Rin beach on Koh Phangan after the full moon party is not perfect. It is very far from perfect. But, for the most part, the beaches on Thailand’s famous islands are pretty spectacular.
If you want to find the best beaches steer clear of the most popular islands, such as Koh Phi Phi, Koh Samui, and Phuket. Instead head to Koh Tao, Koh Samet, and Krabi. There will be far fewer people and the beaches will be utterly sublime.
3. It is a Very Respectful Country
Any girls reading this post, this one is for you. Going to a country where you are constantly being harassed can completely ruin your vacation. Thailand is by far one of the most respectful places I have ever been. Women don’t get cat-called or wolf-whistled and in general, the men are respectful almost to a fault.
This means you can walk around in shorts and a tank top without feeling exposed. And, you can don your bikini without yells of sleazy encouragement.
4. You Can Hang Out With Elephants
You’ve probably seen photos on Instagram of tourists in oversized uniforms frolicking in a lake with elephants. This is a real thing you can do in Thailand but proceed with caution. There are some genuinely ethical elephant sanctuaries and there are some that aren’t so great. The Elephant Nature Park in Chiang Mai is one of the best if you want to interact with elephants.
Also be aware that riding elephants is a big no-no. Whatever they might tell you, elephants should not be ridden as it can cause long-term harm to their backs. Feeding and bathing the elephants are fine though.
5. The Temples Will Blow You Away
It’s hard to walk down a street in Thailand without seeing some kind of temple or shrine. The exterior of a temple is usually pretty impressive, but the outside is nothing compared with what’s inside. With gold glinting everywhere and dozens of Buddha statues, the interior of a Buddhist temple is opulent to the max.
If you want to see something really amazing, check out the White Temple in Chiang Rai.
Take note that there are a few rules you’ll need to follow when you visit a temple. Firstly, you need to dress modestly. This means that men should wear long pants and women should cover their shoulders. You should also be silent inside the temples and refrain from flash photography.
6. The Nightlife is Off the Chain
If you are a party animal, or even just partial to a couple of beverages now and then, Thailand has got you covered. The nightlife here is renowned for being pretty wild. Bangkok and the islands are the hub for the biggest parties, but there is still action in the smaller regions.
You should expect buckets (literally buckets) of ambiguous booze and a lively atmosphere. There are also red light districts in every city – if that’s your thing. Also, the nightlife in Thailand is supposedly one of the most LGBTQ friendly in the world.
7. The Diving is Spectacular
Koh Tao is said to be the cheapest place on earth to get your PADI diving license. So, if scuba diving is on your bucket list then you can tick it off here. But, more important than it being cheap, the quality of the diving in Thailand is incredible.
With transparent water and an abundance of colorful coral and tropical fish, there’s plenty to see in the sea. Most diving schools offer free accommodation when you sign up for a course. This makes your experience even more affordable!
8. Thailand is Really, Really Cheap
Of everywhere I have ever been in the world, Thailand is one of the cheapest. I usually judge the cost of a country based on the price of a meal and a beer. In Thailand, if you want a big plate of delicious Thai food and half a liter of Chang (the local beer), you will need to fork out a grand total of about $3.
Transport in Thailand is also incredibly cheap with an 18-hour train journey setting me back a mere $60. In brief, you don’t need much money to live like a king out there.
9. The Markets are Awesome
I am a huge fan of markets and Thailand thoroughly impressed me. Among the most incredible is the Chatuchak Weekend Market in Bangkok. This market comprises 35 acres of stalls selling literally anything you could imagine. From clothes to food to pets to artwork, this market has everything.
If you are looking for something a bit more manageable, check out the night bazaar in Chiang Mai. Every town will have a market so just ask around and you will be pointed in the right direction.
Despite the turbulence of the market following the result of the EU referendum and the continued Brexit negotiations that began early this year, manufacturing statistics have shown that the country’s economy is bouncing back to life.
In the latest report released by the office of national statistics, it was revealed that the value of UK manufacturer’s produce sales finished off at £364.7 billion in 2016. This depicts a 1.9% increase compared to the total of £357.8 billion in 2015. This is a positive turn following a 1.3% drop from 2014 to 2015 the previous year.
An overview of the main points in the report
The largest divisional growth was observed in the manufacture of trailers, motor vehicles and semi-trailers. The division grew from £6.2 billion to £54.8 billion in 2016.
The furniture manufacturing industry and the production of other non-metallic mineral products also showed a strong growth in 2015.
However, the largest decrease across the whole manufacturing sector was recorded in the machinery and equipment (not classified elsewhere) manufacturing. For the second consecutive year- between 2015 and 2016- figures fell by £0.7 billion.
It is worth noting that these statistics cover only product sales by manufacturers in the UK, and it is different from UK retail sales statistics. The statistics show estimates as the of the product sales as valued at the current price. This means they haven’t been adjusted for inflation. This is a necessary consideration for comparing the change in value over time.
Within UK manufacturing, the manufacturing of food products continues to be the largest division. Even though this division experienced a minor growth in 2016, rising by just 0.3% to £66.5 billion- 18.2% of the entire UK manufacturing sector.
Industries in this area generally had a mixed performance last year, with noticeable sales growth in grain mill products and farm animal feeds. However, there was a drop in the sales of manufacture of pastries, cake, and bread.
In general, the entire UK manufacturers’ sales have increased, although 50% of companies in the sector recorded a decline. One of the largest declines was evident in the manufacture of basic metals, which has continued to drop for the past 5 years, with a total sales decline of 33.9%- almost £3 billion- in 2011.
Why is this important?
These statistics indicate that the UK economy is bouncing back, even though manufacturing is just a segment of the whole economy. Nonetheless, it employs a total of 2.7 million people and contributes 10% of the GVA. It also makes up for 45% of the country’s total export figure.
As people continue to express doubts about the future of the UK economy post-Brexit, it is worth understanding that divisions such as automotive and food sectors are still providing excellent returns on investment.
In time, it is believed that other areas, including equipment for oil and gas manufacturing, will level up and boost the overall economy. That is not to say that this will occur overnight.
The growth will take some time, but it will happen. According to the ONS, the sustained growth will continue to a better quality, a more competent workforce and a shift in the manufacturing of goods from low to high productivity levels.
Things are difficult for today’s small business entrepreneur, especially with the ongoing Brexit negotiations and how it might impact the market.
There are some common challenges small businesses face and they tend to come up regularly in startup conferences. If we can resolve most of these problems, a significant part of the work is covered.
While there are dozens to consider, we have picked the 4 biggest challenges and how we can overcome them.
1. Cash flow issues
This is by far the biggest challenge every small company will face. They need money to scale, to conduct new product research, promote existing products, pay staff, compete in new markets and so on.
As a small business, it is not unusual to have clients stalling payments or unexpected outgoings and bills that are outstanding. Be sure to use money management tools for business, to manage your finances and reduce complex cash flow problems. You can also use online invoices and automated reminders to persuade customers who are yet to pay.
2. Fatigued and overworked
Most small businesses are usually understaffed. As a result, the owner/founder (and partners) spend long hours working and wearing themselves out. In the long run, this can affect the ability to perform, including productivity levels and serving clients’ needs.
Embrace strategic delegation methods. Start by hiring experts to manage key areas of your business portfolio. Of course, it means compartmentalizing them to ensure every function is adequately served. Learn to stop micromanaging as this does not only discourage staff, but reduces your own productivity.
3. Winning over and retaining valuable customers
Most startups are torn between investing in new customers or managing existing ones. The truth is both decisions need not be mutually exclusive. You can focus on business development while serving you loyal clients effectively. To do this, research your consumer base, find out where you connect most with them. Identify these pain points and serve them accordingly.
Once you have developed a strategy for winning new customers, you will need to ensure you can keep them. It is common knowledge that it is cheaper (and easier) to retain to retain existing customers than win new ones. Therefore, a good part of your efforts should be focused on this endeavor.
4. Motivating your staff
Your human capital is one of (if not the most) important asset of your business. It is essential to make sure everybody keys into the vision of the company. Know what they want (besides more money) and try various team building exercises.
For example, organise regular programs as a team outside of work. Make everybody feel comfortable with each other. Is the work environment a happy place? Is your staff equipped with the relevant work solutions? You can motivate them in many ways without necessary increasing their salary.
Finally, look out for your overhead. Excessive cost is one way to drain a business’ revenue very fast. Switch to more sustainable energy sources and watch your overhead reduce drastically. Running a business is not easy, but tackling each issue one at a time can take you to the desired next level.
The buy-to-let world can certainly seem like a dangerous, mysterious jungle to new entrants and those who don’t have any experience in the property market. However, with a bit of guidance from the pros, you’ll find that getting into the market and making it big in good time is very possible. So how did they do it?
The good old way
Landlords make their profits pretty much the same way and that is by using the money they get from cashing in on one property to buy another one. They repeat the same process over and over until they finally have a small empire. It’s almost like gambling, but not your regular kind of gambling because it is done with calculated risks.
Run away from high service charges
It is great to start out in a place where you don’t get to pay too many service charges, however, if you start out your investment career in more expensive places like London, it is important that you branch out from that area as your portfolio expands.
Protection is key
The average landlord may decide to stick with home insurance only, but the smarter ones go for landlord insurance as well. While landlord insurance is not an obligation according to the law, it can protect a buy-to-let investor from risks that normal insurance won’t protect them from. It can prove to be a serious lifesaver for your finances.
Research is crucial
If there is one thing that all successful buy-to-let investors will agree on, it is that research is absolutely important. Many buy-to-let investors have learned from their mistake of not properly researching an area before buying a property there. By doing proper research, you’ll find out just how much the tenant demand is and if the property is worth investing in. When you know exactly what you are getting into, you’ll be able to decide whether it is worth it or not.
Amenities win every time
Properties located in areas where there is fantastic infrastructure always win. Look out for property located close to good schools and have excellent transport links. Amenities like that are highly attractive to tenants and the houses will always fetch a good price.
Avoid huge mortgages at all costs
Huge mortgages are simply a disaster when you are looking to invest in buy-to-let properties because if you have humongous mortgages on all the houses you own, then you really don’t own anything. What you should be more focused on is how much the investments are bringing in.
The newer the better
The older a house gets, the more likely it is to have issues. Instead of going for older homes, go for new-build homes because they usually have fewer problems and are more likely to comply with building regulations.
Don’t let the buy-to-let investment world scare you away. With the right plan in place, you can make good money in less time that it will take others to do it.
Nowadays, more and more people are leaving the static life behind them and heading out in an RV in search of adventure. The prospect of the open road and a nomadic lifestyle are certainly becoming increasingly appealing as housing prices soar and the traditional job market remains saturated.
So, you’ve decided you want to swap bricks and mortar for wheels and a motor. What do you do next? Somehow you’re going to have to make a living while you’re one the go because that RV of yours isn’t going to fuel itself. You might have decided that working online is the perfect way to generate some income, but what if that’s not enough.
When you buy an RV you have at your disposal a very useful money-making tool. Indeed, you can use this tool to start up your very own side business. And, you can do this with relative ease.
How Can I Generate Revenue From My RV?
Rent it out with RVShare. Just as Airbnb is a platform for individuals to rent out their properties, RVShare works in the same way but with RVs instead of static accommodation. The only requirement to use the website is simply to be in possession of an RV. Tick that box and you’re good to go. All you need to work out after that is where you’re going to stay while your vehicle is being rented.
How Does RVShare Work?
RVShare acts as an online marketplace for RV rentals. Owners simply need to post a listing of their RV with a description of the vehicle and a price per night. Once it is online, potential renters can then browse through the listings until they find one that suits their needs. In other words, it connects people for a specific reason, meaning that virtually everyone who visits the site is a potential customer.
How Do I Make My RV Stand Out?
Naturally, with a website like RVShare the power is very much in the hands of the consumer. This means that those posting ads need to work a little harder to make their listing stand out. Here are some simple tips to get more business.
Offering discounts related to the number of nights renters want the vehicle; providing a solid and compelling description; and making sure you have quality photos will all help your RV get noticed.
You might also want to include certain things with your RV such as kitchen equipment, first aid kit, coffee machine etc. These benefits are appreciated by buyers and will put you ahead of someone renting an RV that lacks these things.
How Much Can I Earn From RVShare?
How much you make really depends on you. If you have good customer service and have a good quality RV that has been kitted out with a bunch of great mod-cons, you could be making thousands of dollars in your first year alone. Of course, once you get the hang of it, your earnings will increase exponentially.
How Can I Be Sure I Will Get Renters?
There is no guarantee that your RV will constantly be rented (and you may not want it to be if it is your primary domicile). Nevertheless, there are things you can do that will definitely increase traffic to your listing. The number one way of doing this is with online reviews.
Once you’ve had your first renter, encourage them to write a review. This gives future renters an idea of what they are in for. The more positive reviews you get, the more people will want to rent your RV. Simple!