Niall Doherty's Blog, page 197
July 24, 2018
Business Registration And Taxes For Digital Nomads
Business Registration And Taxes For Digital Nomads
Here’s What You Need To Know
Two questions I get asked regularly from people who are setting up their own online businesses:
“Should I register my business?”
“What about taxes?”
Unfortunately there is no easy answer to either of those questions, as it very much depends on:
Your country of citizenship
Your country of residency
Where you live now
If you plan to travel around a lot in future
And whether or not you’re a fan of Michael Bolton
Okay, maybe not that last one.
But since there is no easy answer to this stuff, the best advice I can give you is to contact the guys at FlagTheory.com.
They are experts on the topic of tax and business registration for digital nomads, so just go to their contact page, tell them a bit about your situation, and they’ll jump on a free consultation call with you to run through your options and provide some recommendations.
That’s exactly what I did a couple of years ago, and it saved me a ton of time, effort and frustration.
I’ve been running my own online business since 2011, and for the first four years, while I was off traveling around the world without flying and visiting a whole bunch of countries, I didn’t actually have a registered business.
I did try registering one in Ireland (where I’m from) but turned out it was illegal for me to have a sole trader business there, and not stay living in the country.
So I decided to just wing it and went off traveling for those four years, earning money online through freelancing without having any registered business at all.
Warning: I was operating in a bit of a grey area there, and I don’t necessarily recommend it, but it worked out fine.
Also, during those first four years, I didn’t have to pay any taxes because I didn’t stay long enough in any one country to be considered a resident.
I should emphasize here though that it may be different for you, depending on your country of citizenship.
If you’re a citizen of the United States, for example, you will always be on the hook to pay taxes to the US government, even if you’re no longer a resident there. So definitely do your own research on this, or contact the guys at Flag Theory, because even though I may seem like an incredibly knowledgeable fellow, I am by no means an expert.
What the inside of my head looks like.
After my four years traveling around the world without paying taxes and without having a registered business, I decided it was time to become a bit more legitimate.
So I went and set up a company in Ireland, but that proved to be a bit of a nightmare. I still wasn’t living in the country so I had to pay an accountant each week to manage things for me, and I had to report and pay VAT and there were a bunch of other issues that meant it was all just a gigantic pain in the…
That’s about when I found and contacted the guys at FlagTheory.com.
They ran through a few options with me and in the end I decided to shut down my business in Ireland and register it anew in the United States.
Turns out you don’t have to be a US citizen or resident to register a business there, and if you register as a one-person LLC, there are some very nice tax benefits as well.
So that’s been my setup now for the past few years and it’s been great so far.
Very little expense
Very little hassle
All completely legitimate and above board
The same setup might work well for you. Or there might be something even better for your situation. Again, I recommend you contact the guys at Flag Theory and they’ll steer you in the right direction.
Oh, and last thing:
You know, in a how-am-I-supposed-to-live-without-you kinda way.
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July 23, 2018
Surrogation
Surrogation
Learn From The Mistakes Of Others And Avoid Failure
There’s a fella named Dan Pink.
He looks like this:
Pink is a well-regarded author whose books I’ve never read. But I heard him in an interview recently talking about a concept called…
Surrogation
According to dictionary.com, surrogation historically refers to:
“a woman [becoming] pregnant with the fertilized egg of another woman.”
Kim Kardashian apparently did that recently.
Fair play to her.
But that’s not what Dan Pink meant by surrogation.
He explains in this article:
I’ve become a huge believer in surrogation, the psychological concept that if you want to know what an experience is going to be like, find someone similarly situated and ask for their experience.
A very good way to avoid failure is to learn on someone else’s dime. Let them make the mistakes and then learn from those mistakes. I much prefer learning from other people’s mistakes than from my own.
So surrogation is a way to quickly learn if a particular path is right for you, without having to walk down that path very far yourself.
As an example, let’s say you want to become a professional freelance copywriting ninja.
Adopting the principle of surrogation, you would become pregnant with the fertilized egg of another professional freelance copywriting ninja.
No, wait, wrong definition :-/
Adopting the PSYCHOLOGICAL principle of surrogation, you would reach out to an established professional freelance copywriting ninja – that is, someone who is literally doing what you want to be doing, and earning the kind of money you want to be earning – and:
Ask about their experience
Ask for their recommendations
Ask about the pros and cons of their chosen path
Ask what they’d do differently if they were starting over
Not only can you get great advice this way and save yourself a ton of trial and error, but you also begin to build a relationship with someone you admire.
That could lead to referrals, an apprenticeship, perhaps an informal mentorship, and lots of other magical and splendid things.
And if you can’t reach out to someone personally?
Read their books and articles
Find interviews they’ve done
Listen to their podcast
Watch their videos
Let’s take another example, this one not related to online-business.
Say you want to have a baby but aren’t keen on doing the whole pregnancy thing. Conveniently enough, that’s a situation good ol Kim Kardashian found herself in recently…
So that was Kim Kardashian expressing interest in BIOLOGICAL surrogation, and Kourtney/Khloe/Kwhoever Kardashian recommending she use the concept of PSYCHOLOGICAL surrogation to figure out if it’s a good idea or not!
That’s, like, surrogation inside surrogation!
So anyway, this concept of surrogation is great and you should give it a try next time you’re thinking of doing something new.
As the saying goes:
The best way to walk through a minefield is in someone else’s footsteps. 1
I’ll leave you with a challenge:
Try reaching out to three people who are doing what you’d like to be doing, or who have achieved what you would like to achieve. Compliment them on their success, and ask: What one piece of advice would you give to someone just starting out?
Limit yourself to one question like that, accompany it with a compliment, and you’re much more likely to get a response.
The post Surrogation appeared first on Disrupting the Rabblement.
July 18, 2018
Momentos: July 1st – July 15th, 2018
MOMENTOS
July 1st – July 15th, 2018
1
Thirty-six years old from Ireland, been all around the world, and somehow this is my first time in Scotland. We’re way up in the highlands already, stopped by a lake. There’s a cottage across a wooden bridge, a massive green mountain rising beyond, a waterfall bursting from the seam.
2
Exploration will have to wait. Staying put at our Airbnb today to get some work done. I’m keeping up with client work, just about, but have fallen behind quite a bit with my own stuff. I’ve got two installments of Momentos to publish and a finance report to put together. And I’d like to make some adjustments to my email series. But I won’t get to any of that today. Internet ain’t great in these parts.
3
Today was a bit of work in the morning, then off exploring the Highlands all afternoon and evening, perfect weather, picnic by a lazy river, hike to a waterfall, little shitty biting flies that remind you that nothing is ever as good as it looks on Instagram, into a village pub later to watch England win on penalties and all the buzz. A perfect day, in a wabi sabi kind of way.
Exploring the Scottish Highlands, on the way to Steall Falls near Ben Nevis.
Posted by Niall Doherty on Wednesday, July 18, 2018
4
We’re in a hidden, hanging valley a few miles outside Glencoe, hiked up through a gorge to reach it. More than three hundred years ago this spectacular space was used by the McDonald clan to graze stolen cattle. The same clan met their end in a famous massacre in 1692, a few dozen people wiped out by government forces for not swearing allegiance to the king.
5
Stopped in a little cafe on our way to Edinburgh, coffee on the table and birds in the window. Writing out the script for another video. This one about Starbucks and hip surgeries and Navy SEALS. I love the whole video-making process. Pulling together these ideas, writing them out, organizing and doing the shoot, then editing it all together. Gotta make this my main thing.
6
Spent several hours out and about in Edinburgh today but not loving it all that much. Probably more to do with me than the city though. Almost two weeks on the road now, which has meant very little routine, diet all over the place, discipline fading. Gotta get back on track. Deleted a stupid game off my phone that was sucking up time and will do a morning routine first thing tomorrow.
We were in a pub in Fort William in Scotland to watch England beat Colombia on penalties. This moment was right as England saved a penalty. Easy to see who’s English and who’s Scottish there
July 3, 2018
Momentos: June 16th – June 30th, 2018
MOMENTOS
June 16th – June 30th, 2018
16
We come down off a high green plain to spectacular views, still water wrapping around hills and mountains. Not a lake, but a reservoir. They created this 40 years ago, flooded an entire town in the process. Somewhere down there beneath the zip liners and the pale blue are the remains of buildings, lives and stories long forgotten.
17
Business obsessed. Woke up this morning thinking of Facebook ads. On the way to rafting I’m crunching numbers. 6 jeeps, 7 customers in each. €65 a head if they stay overnight. That’s €500 best-case. After paying staff and other expenses, surely doesn’t leave much. Plus, it’s seasonal. Nobody’s getting rich off this, but it probably affords a decent living.
18
Been ten weeks working on this new client project but now we’re shifting gears. Which means about half the hours and half the pay for me. Looking at it as an opportunity. Actually couldn’t have happened at a better time. Lots of travel coming up and about to relaunch my course, was wondering how I’d squeeze it all in. Much less pressure now.
Rafting in Montenegro
19
Epic work day, getting my course relaunched at last. Been almost six months since I closed the doors. Have a nice new video series created for it, the top of the funnel. We’ll see how that goes. I look around at other people teaching online business, and I reckon my free and premium content is up there with the best of them, and getting better all the time.
20
Almost halfway through the year, so I took some time to write out all my “wins” so far in 2018. Man, it’s been a great year so far, on pretty much every level. Health, wealth, relationships. All good and moving in the right direction. Reminded myself of lots of small wins, too, things I’d almost forgotten. What’s that saying? We overestimate what we can do in a day, but underestimate what we can do in a year.
21
Been reading a book about Greek and Roman mythology. Thought there would be some deep wisdom in there. But finding it a lot like Aesop’s Fables: mostly bullshit with no real meaning. Occasionally you’ll find a universal truth or a clever tale in there, but not worth weeding through all the nonsense to find it.
Looking out over Lake Piva in Montenegro.
22
My coach asked me to go do a retreat on a sailboat in Greece in August. Which would be cool, except I’ve already got plans for August: Amsterdam, Copenhagen, Faroe Islands, Gran Canaria. Realized the other day that I’ll actually end up spending time in 12 or 13 countries this year. It’s a bit much, to be honest.
23
Had an idea today to start a video series where I take to the streets and ask people in every city I visit how they’d describe that place in one word. But looking at some videos like that already on YouTube, I realized that anyone can do it. I need to be making videos that only I can make, sharing ideas that other people aren’t sharing.
24
Arriving in London at the beginning of a heatwave as England beats Panama 6-1 in the World Cup. The city is buzzing. We find a lively spot called Boxpark, munch on vegan fare and watch people watching football. People of all different races with all kinds of faces from all different places. That’s the beautiful thing about this town.
Hi from London. What’s your favorite thing to see or do in this city?
Posted by Disrupting the Rabblement on Monday, June 25, 2018
25
We’re at Trafalgar Square as the sun goes down, and there’s a young guy beatboxing and playing the violin, concocting songs with his speakers and foot pedals, form classical to Coldplay. He’s from Australia, he tells us during a break, just got into town, traveling around Europe for the summer, making his music and living his life.
26
Between bus tours and shooting video and long dinners with friends, there’s little time to squeeze in the proper work stuff. That’s probably the biggest downside of running an online business: it can be hard to unplug completely, kick back and enjoy the travels. I’m always on the lookout for wifi, start feeling anxious when I haven’t checked emails for a while.
27
York. As soon as we come out of the train station I realized I’d been here before. Seven years ago, stopped off for a few hours en route to Durham. One of those memories relegated to the back of my brain. Some of what’s back there will never be recalled. Someone else might as well have lived those moments.
They had the perfect shop for me in York.
Posted by Niall Doherty on Tuesday, July 10, 2018
28
Random things about York:
Apparently it’s the most haunted town in Europe.
Guy Fawkes was born here.
The Shambles is believed to be the oldest shopping street in Europe.
York Minster is one of the world’s largest cathedrals. Took them 252 years to build the thing.
Constantine the Great was crowned in York in 306AD, the only Roman emperor to have been crowned anywhere outside of Rome.
29
Picked up a rental car this morning and headed west to the Lake District. We’re staying at a farmhouse just outside Keswick, with four chickens and a half-deaf dog. Took a spin down to Derwent Water and around through Honister and Newlands Pass, taking in some fantastic views. But I’m not all that happy today.
30
Trying to record a video in every spot on this road trip. We were exploring around the lake today and hiked up to the Catbells as the sun was going down, shot the latest video there, talking about how to compete with $1.50 freelancers from India and the Philippines. I’ll have a lot of editing to do once we get settled in Amsterdam next month.
Getting fierce romantic at the top of the Catbells in the Lake District
Previous Momentos
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June 23, 2018
Momentos: June 1st – June 15th, 2018
MOMENTOS
June 1st – June 15th, 2018
1
Blissful swim down in the bay this eve after a good long work day, flowing gentle around rocks and fish in lazy water. I take my time drying off after on the pebble beach and wind my way back up the steps. I’ll get back to the apartment and cook and read and listen to music and be perfectly content with how this one turned out.
2
Set a goal with my Mastermind buddy to have my course relaunched by the 22nd. $500 penalty for every day it’s late. Shot footage for the final two videos I need for it today, rented a fancy place for a few hours and plowed through. With client work I’ll only really have six full days to finish everything else up between now and the 22nd. Pressure’s on.
3
For the fifth time since we’ve been in a car with him, he slams on the brakes to avoid hitting the vehicle in front. His fault, tailgating. But once again, he blames the driver ahead, takes no responsibility. I realize I’m not taking any responsibility either though. Too often I roll my eyes and fume inside but say nothing. So I tell him I’m uncomfortable with his driving and would like him to slow down.
Acting the eejit on one of our last days in Herceg Novi, Montenegro
4
Kotor. Beautiful little historic town, surrounded by thick walls that run almost vertical back up the mountain. I go exploring outside the walls, looking for a hidden trail on the north side that takes you up without a tourist ticket, go exploring down a small path into a crevice, over a dry stream, round a corner to see two teens in full porno mode. Oops.
5
A walk along those old walls today left me in awe. And that was before I found a hidden path up along the south vertical. Clambered up there for a half hour on little more than a rabbit trail, passing long-abandoned buildings set into the rock and forgotten turrets crumbling into thin air. A route clearly not meant for tourists. Reached the top with scratched limbs and a big grin.
6
Recently watched that Scientology documentary on Netflix. One line at the end that stuck with me: “When you really believe in something, you don’t have to think for yourself.” That’s what makes all religion scary to me. You follow a set of rules handed down from on high, rules you’re discouraged from questioning, often strongly.
If you like cats, definitely visit Kotor in Montenegro. There are cats everywhere in the old city. They even have a cat museum there.
Posted by Disrupting the Rabblement on Monday, July 9, 2018
7
One of the joys of my life is being able to live for weeks and months in places most people get to visit only for a day or two. Kotor is one of those places. Took a break from work today to get coffee and cake, strolled through the streets like a local, past all the tourists with their backpacks and camera snaps, countless cats and a bearded man playing summertime on the sax.
8
I believe I heard Seth Godin say in an interview once that he never works past 5pm. Having a strict shutdown time would appear to be a good idea for me as well. Whenever I work past six, I find it harder to get to sleep later and I’m more prone to a restless night. Seems I need a few hours to wind down, else my mind keeps spinning.
9
Right now I’m earning good money from client work. More than I’ve ever earned, actually. And that’s great. But I still see it as a stepping stone. Long-term, I’ve decided I want to making more videos. Spent 7 hours editing a video today and it didn’t feel at all like work. I need to be doing more of that. And I reckon I can make a living doing it. But it might take a while.
View from the city walls in Kotor
10
I’m still doing my Miracle Morning routine that I began in January. Every weekday morning: 10 minutes affirmations; 10 minutes stretching/exercise; 10 minutes writing; 10 minutes visualization; 10 minutes meditation; 10 minutes reading. Except on weekends I do an abbreviated version, just 90 seconds of each. Though even that seems to have the desired effect.
11
What are the things that seem normal to us now that our grandkids will marvel at? Driving could be one. They’ll probably never learn how to drive, no need. Killing animals for meat is another. I like to think we’ll figure out this lab meat thing before too long, and our grandkids will have a hard time understanding how a pig had to be slaughtered just to make a BLT.
12
Found a great swimming spot today. Getting better at relaxing in the water, even when I can’t see the bottom. I guess everything gets easier if you just do it enough times. Shot some video of my stroke as well and very happy with what I saw. Nice, easy-going movements. And finally I felt like I had more energy coming out than I had going in.
Finally getting the hang of Total Immersion Swimming. My goal is to be able to swim across a lake like I’d walk across a…
Posted by Niall Doherty on Wednesday, June 13, 2018
13
Half asleep after a nap today, dropped my external hard drive. Busted. Shit. Have files on that crucial for getting my course relaunched next week. Spent the afternoon visiting every repair shop in town and ultimately deciding to rent a car and drive 2 hours tomorrow to someone with a 75% success rate at fixing this mess. Feeling strangely exhilarated by it all.
14
Hill sprints. 17 seconds go, 60 seconds stop, 16 rounds. Made it all the way to the cheese shop on that trail behind the old town, then rambled on over to a hole in the wall and came out on the steps to the fortress. And a spectacular sunset to boot. Can’t get my hard drive fixed here in Montenegro, but I have my compensations.
15
The hard drive thing wouldn’t be such an issue if I was working on my own stuff full-time, but I’m trying to fit it in around 15-20 hours of client work each week. Still, got back on track today. Looks like I’ll only be short one video for launch. Should have time to get everything else in order. But first, gotta go rafting this weekend.
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Previous Momentos
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June 19, 2018
How To Free Up 10 Hours Per Week To Build Your Online Business
Start Earning Online
How To Free Up 10 Hours Per Week To Build Your Online Business
Why 10 hours?
Because that’s the minimum amount of time I recommend you have available to build an online business. Anything less than 10 hours per week, and it’s hard to build momentum and make steady progress.
Important note before we dive in:
If you really are flat out working multiple jobs at the moment, or taking care of young kids, to the point where you feel exhausted all the time, then freeing up even one hour a week is going to be a bit of a stretch.
If you are in that situation then I gotta tell ya: building an online business probably isn’t the best idea for you right now. Put it on hold, and come back to it when you no longer need to work two jobs or when your kids are a bit older.
For everyone else, freeing up 10 hours a week should indeed be possible. You’ll be required to make some hard choices and sacrifices, but the time is there if you want it.
In this article we’re going to run through a three-step process for freeing up those hours.
And at the end we’ll also look at two extreme measures you can take if you’re still feeling stuck.
1. Take Stock
In the words of Peter Drucker
“What gets measured, gets managed.”
With that in mind, the first step is to track your time and get an accurate picture of how you’re currently spending it.
Two ways you can do this:
Sit down with a pen and paper and jot down how you THINK you spend your time.
Log your time for two weeks and see how you ACTUALLY spend it.
The second way is obviously superior, but I recommend you do both so you can see the difference and learn to be skeptical of your assumptions.
And to make this easier, here are some tools for logging your time:
For your laptop or desktop computer install RescueTime. Their lite plan is free and will tell you how much time you spend each day/week on various websites and applications.
For mobile, use Moment for iPhone and iPad, and RescueTime for Android. Free versions are available for each of those.
For almost everything else, your best bet is to track manually. Here is a simple Google Spreadsheet you can use for that purpose.
Now, you might be wondering:
“How long do I need to track my time for?”
Two weeks should be enough.
Again, the whole point of this is to get very clear of how you’re currently spending your time. What gets measured gets managed.
One important side note before we move on: if you find the whole time tracking thing difficult, that’s probably a sign that you’re not ready to work for yourself. Because tracking takes discipline, and discipline is not optional when you’re self-employed.
2. Identify And Fix The Leaks
What do I mean by leaks?
No, not that.
I mean activities you spend a lot of time on, that add little-to-no value to your life, or distract you from more important things you should be doing.
That’s where time is slipping through your fingers.
Some leaks will be very obvious to you, and you probably won’t need two weeks of tracking data to identify them.
For example, you already know if you watch an excessive amount of television or spend too many hours playing video games.
And you’ll want to tackle those big leaks first. Plugging even one of them may free up enough time to build your business.
Let’s run through a couple of examples.
Television
Let’s say you spend 15 hours per week watching movies and shows on Netflix. In theory, you could just stop spending all that time watching Netflix, and use it to build your online business instead.
But that’s easier said than done, right?
You probably enjoy your Netflix time and use it to unwind each evening after your 9-to-5. Or maybe that’s time you spend with your significant other snuggled up on the couch.
Like this?
The point is that you need to be realistic about what you’re giving up in order to build your business. There will be resistance to making these changes, both internal and external.
At the same time, recognize that you will have to make some sacrifices here. As the saying goes:
You can have anything you want in life, but you can’t have it all at the same time.
Most likely, you’re going to have to quit spending time on a few things you enjoy — at least temporarily — to make room for building your business.
Now all that said… don’t expect too much from yourself starting out!
Reducing your Netflix time from 15 hours one week to zero the next is a bit much to ask. Maybe you are one of those people who can quit things cold-turkey, but don’t beat yourself up if you’re not.
Instead, gradually wean yourself off. Limit yourself to 10 hours of Netflix next week and see how you do. Once you’ve accomplished that, set your sights on 5. It doesn’t have to happen overnight.
Next example:
Obligations
Indeed
Sometimes a leak will take the form of a commitment or obligation to another person or group.
Maybe you’re the go-to person in your apartment building when a neighbor’s computer breaks, or you volunteer a few nights a week helping underprivileged kids with their homework.
It’s hard to even call such commitments “leaks,” because you’re doing good deeds, right?
But, all too often, those kinds of commitments are a sneaky form of procrastination. They offer a convenient excuse for not doing the scary work of building an online business.
Because who’s going to criticize you for helping little Johnny with his math problems or old Mrs. Burke with her computation machine?
Nobody is going to criticize you for that sort of thing, and that’s the problem!
That’s exactly why many people never accomplish their goals in life. They’re not willing to be seen as “selfish” and endure some criticism.
Yeah, like that.
So the message here is to leave no stone unturned when questioning your time commitments. Nothing is sacred. Don’t keep doing something just because you’ve always done it, or because other people expect you to do it.
Plug those leaks and get on with building your business.
Once you’re earning thousands a month from your laptop, you’ll have more time and freedom than ever, to be of service to the little Johnnys and old Mrs. Burkes of the world.
3. Keep The Weight Off
Once you’ve cut back on time-wasting activities and freed up enough time to build your online business, you might think you’re done.
But that’s really just the beginning.
Lots of people can lose weight, but few keep it off long-term.
As soon as you clear time in your schedule, there will be temptation for you and other people to fill it right back up again with shiny new distractions, or to fall back into old, time-consuming habits.
This is where you need to be vigilant and start saying NO.
Or, better yet…
Saying no to bad opportunities is easy enough, but you also need to say no to good opportunities that don’t fit with your overall plan.
Please do not underestimate how difficult this can be!
Get used to disappointing people and missing out on some cool shit, because it’s going to happen.
In fact, IT NEEDS TO HAPPEN!
This doesn’t mean you suddenly have to start saying no to everything — because yeah, there should always be room to kick back and enjoy the now — but for every offer and opportunity that comes your way, ask yourself:
“How does this fit into my overall plan?”
As they say, entrepreneurship is living a few years of your life like most people won’t, so you can spend the rest of your life like most people can’t.
So keep your end goal in mind when people make requests of your time. Remember that you’re building a business that will ultimately give you more freedom than most people will ever experience.
Let’s Review
Here’s the three-step process for freeing up 10 hours per week to build your online business.
Take stock, so you know exactly how you’re spending your time currently.
Identify and fix the leaks
Keep the weight off, by being very selective about what you commit to going forward.
Now, if you give that process a try and you’re still feeling stuck, it may be time to go…
These last two ideas I’m going to share with you are not for everyone, but they can sometimes be the best way forward.
Extreme Measure #1: Quit Your Job
If you’re currently working a full-time job, it can be hard to free up enough time on evenings and weekends to make a good run at building your own business, especially if you have a bunch of other commitments you just can’t shake.
So if you are in that situation, consider quitting your job and going all-in on your own thing.
I know, I know, that’s pretty extreme. But hey, I did warn you!
And of course, you shouldn’t make such a drastic move without first taking some precautions.
Ideally you would:
Have at least six months of living expenses saved up.
Already have some experience working for yourself (so you have realistic expectations of what it takes to succeed).
Be confident in your ability to find another 9-to-5 job (with comparable pay) if things don’t work out.
Again, those are ideals.
I quit my job with no prior experience working for myself and I managed okay. But everyone’s situation and temperament is different, so you’ll need to decide what’s best for you here.
Extreme Measure #2: Go Work Abroad
Or as I like to call it, “Feck Off Overseas.”
If you feel like you can’t gain any traction at home but aren’t willing to leave the world of regular employment just yet, this could be a great option for you.
This is how famous travel bloggers like Johnny Ward and Janet Newenham got started, and it was a big stepping stone for me as well.
Consider this:
You can often earn and save more money working abroad than you can at home
Many foreign employers will give you free or subsidized housing
he general cost of living at your destination may be far lower 1
Going abroad also gets you away from all prior commitments and obligations back home. So you can start fresh and be more intentional about how you spend your free time, meaning you can more easily devote entire evenings and weekends to building your online business.
But before taking the plunge with this option, a couple of considerations:
Be prepared to feel lonely and homesick. Moving to a new country means leaving all your friends, family and familiarities back home. You will make new friends, sure, but it can take awhile, especially if there’s a language barrier.
Be sure to do your due diligence before taking any job abroad. If possible, try to speak with other expats doing similar work, ideally for the same employer, and ask them what the day-to-day is really like.
If you’re a native English speaker, one of the easiest jobs to get abroad is teaching English. Dave’s ESL Cafe is a good place to start looking for such.
What Are You Going To Do?
Tell me this in the comments below:
What one action you’re going to take to start freeing up more time to build your online business?
It doesn’t have to be anything big and scary. It can be just one small change to get the ball rolling.
Lastly, this article is part of my Start Earning Online series. If you want more articles like this, showing you step-by-step, exactly what it takes to build an online business, sign up below.
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How To Rapidly Build Your Skill (And Start Getting Paid)
Start Earning Online
How To Rapidly Build Your Skill (And Start Getting Paid)
In this article I’m going to show you why you don’t need to be some kind of super expert to start earning good money online.
You don’t need to spend years studying, learning or practicing a specific skill
You don’t have to have years of professional experience
You don’t need any references
You don’t have to have a degree or a masters
Actually, you don’t have to have any formal qualifications at all to build a successful online business.
Search your feelings, you know it to be true…
…or maybe you don’t, and that’s why you’re watching this video, so… let me show you.
We’ll start with this…
When working online as a freelancer, or a remote worker, there are two different types of task a client will pay you to do:
1. Something they CAN’T do themselves
2. Something they DON’T WANT to do themselves
Now, if you already possess some skills for working online – maybe you know how to build a website, or you’re a decent writer, or you have some experience with email marketing – then you can and should focus on #1.
And clients will generally pay you more money to do #1, to do something they CAN’T do themselves, so in the long run you should be developing those kinds of skills.
HOWEVER.
A lot of you reading this probably feel like you don’t HAVE those kinds of skills, at least not yet. So there might not be a lot you can do that clients CAN’T do themselves.
In which case, you need to focus on #2, and provide a service that clients DON’T WANT to do themselves.
You can still make good money that way.
Let me give you an example…
My friend and fellow Irishman Carlo Cretaro never considered himself to be a good writer, but he found work online as a freelance writer, writing basic articles for client websites.
These were articles that the clients could have easily written themselves and on topics that Carlo didn’t know much about – he often had to do some research before he got started – but the point is that the clients simply didn’t want to do the work themselves, and they were happy to pay Carlo $10-15 per short article to do the work on their behalf.
Now $10-15 per article might not sound like a lot, but with a bit of practice Carlo was able to pump out 2-3 of those articles an hour, so he was essentially getting paid $20-45 per hour to do work that his clients were well capable of doing themselves, and could probably have done even BETTER themselves, since they were more familiar with the subject matter.
I could give you lots more like that: examples of people earning good money to do fairly basic online work that clients could easily do themselves, but those clients would rather pay someone – someone like you – to do it for them.
And I want to emphasize that point because it’s really important and I think a lot of people don’t realize it.
So again…
People will pay you good money to do basic online work that they could easily do themselves.
That’s work they don’t have time to do themselves, or would simply rather not do themselves, for whatever reason.
So with that in mind, I hope now you can appreciate that most likely there are already many things you can do online that people will happily pay you for, just so they won’t have to do those tasks themselves.
But it gets even better than that.
Because, as I said, this video is about rapid skill building, so you don’t have to limit yourself to taking on only the jobs you already know how to do.
Let me show you how easy it can be to learn a skill on the fly, and get paid to do it.
I know, I know, I’m excited, too.
What you see below is an example of a good quality job posting on Upwork.com which is a big freelance marketplace with loads of jobs posted every day that you can apply for.
That particular posting is a copywriting job. The client wants to hire someone to write product descriptions, and they say less technical and more conversational in tone, add humor to descriptions, etc.
And you can see down in the bottom-right there that this client pays freelancers an average of $35/hour.
Now let’s say you’ve never written a product description before. How can you quickly get good at doing that?
Well, you literally go to Google, type in “how to write product descriptions,” hit search, and you get back all these great results…
You click through and have a read of those articles and you learn how to write product descriptions.
Okay, maybe not.
I mean, this is pretty simple stuff, right?
But let me ask you this:
If you spent 30 minutes going through a handful of those articles and soaking up all the great advice in there… do you think you’d be able to write a really good product description?
Of course you could!
And then I bet you could write up two or three nice samples, submit them as part of your proposal for this job… and have a good chance of getting hired and being paid as much as $35/hour.
It doesn’t have to be any harder than that!
But what do most people do?
They see a job posting that they don’t immediately know how to do, it’s something they’ve never done before, and so they write it off and look for something easier, something more familiar.
If you DON’T do that… if instead you do what I just described, you’re putting yourself way ahead of most people looking for work online… and you can very quickly start getting paid the big bucks.
Now, at this point, you may start suffering from a little something called imposter syndrome, which I think is best summarized by this scene from the movie La La Land.
So in that scene, you’re Emma Stone, which I guess makes me Ryan Gosling 
9 Different Types Of Online Business – Which Is Right For You?
Start Earning Online
9 Types Of Online Business – Which Is Right For You?
As I showed you in a previous article, there are endless ways you CAN earn a living online, but some are easier than others.
So what we’re going to do here is run through 9 different types of online business, and figure out which is best for you.
Ready?
1. Advertising
You might hear of people making a website, slapping some Google Ads on there, and hey presto, they’re making loads of money.
Well, the problem there is that you need a ton of traffic to make any significant income from advertising. You need a steady flow of people visiting your website, or your Instagram, or whatever it is, and it usually takes months if not years to build that up.
So, making money online through advertising: Not quick, not easy.
2. Affiliate Marketing
This basically means recommending other people’s products or services, and getting paid a commission for every referral.
And the challenge here is much the same as Advertising.
You also need to build a significant audience to make money doing affiliate marketing, and not only that, but you also need to earn the trust of that audience so they take your recommendations seriously.
And again, that takes time.
So, making money online through affiliate marketing: Not quick, not easy.
3. Blogging / Vlogging
I have quite a bit of experience with this, having been blogging and vlogging for years now.
Last year I had more than 500,000 page views on my website and more than 300,000 video views on YouTube.
Those numbers actually aren’t huge – they’re mediocre at best, but believe me it took a lot of time and effort just to achieve those numbers.
And even with that many people reading my blog and watching my videos, I’m not making anywhere near enough money as a blogger or a vlogger to support my lifestyle.
So, making money online through blogging or vlogging: not quick, not easy.
4. Creating And Selling Digital Products
I’ve also done quite a bit of this over the years, having created and sold numerous ebooks, online courses, that kind of thing.
My main digital product right now is an online course, and while that has done okay financially and it has helped hundreds of people, it’s also taken A LOT of time and effort to build, market and maintain.
I actually would have made a lot more money if I’d invested the same amount of time and effort into another type of online business that I’ll tell you about in a minute.
So, making money online through creating and selling digital products: not quick, not easy.
5. Dropshipping
Yeah, not that.
Actual dropshipping is increasingly popular nowadays and several friends of mine do it.
It basically involves selling physical goods to customers without stocking those goods yourself. So you make the sale, and then get a wholesaler or manufacturer to ship directly to the customer.
And yes, this can be very lucrative.
BUT!
If you’re just starting out, it’s going to take significant time to get everything in place and start turning a profit, because there are a lot of moving pieces.
Also, competition here is tough. If you find a nice niche for yourself, it’s usually best to keep it a secret, because there are lot of powerful competitors out there with plenty of resources, and they can quickly drive you out of business.
So, making money online through dropshipping: not quick, not easy.
6. SaaS
That stands for Software as a Service.
An example of a SaaS business would be accounting software you pay for each month, or mailing list software you pay for each month. Dropbox and Slack would be famous SaaS businesses.
SaaS might actually be the best online business model out there. It’s software, so it’s all digital, and your customers usually pay you repeatedly.
I’ve actually spent significant time trying to build a SaaS business myself and I even spent $3600 on a course to learn how to do it… and ultimately failed – or at least haven’t succeeded yet, let’s stay positive here – because there was just so much hard work involved.
I’ll likely give it another try some day, but I’ll do so with the understanding that it’s not quick, and it’s not easy.
7. Sponsorship
I gave an example of this in my previous article. It was ukulele teacher who earns $4,233/month from almost 1,000 fans on a platform called Patreon.
One thing I didn’t mention about that guy before is that he has made more than 500 videos and has over one million subscribers on YouTube. And if you didn’t know, creating that many videos and building that kind of following takes some serious work.
Now, as I said, that guy has about 1,000 people paying him a little bit each month. A more common variation of the sponsorship model is to have one or two big sponsors for your work.
People do this on Instagram, on YouTube, on podcasts… but to get just one or two big sponsors, you would still need to put forth significant time and effort to build up that big audience first.
So while this is a great model, probably my favorite actually… it is certainly not a quick or an easy way to make money online.
Now, let’s pause here for a second…
So far we’ve gone through 7 of the 9 types of online business:
Advertising
Affiliate Marketing
Blogging / Vlogging
Creating and Selling Digital Products
Dropshipping
SaaS
Sponsorship
Now I want to be clear that these are all viable online business models and you’ll find no shortage of success stories for each of them.
But if we think of online business as a video game, choosing one of those 7 to start off with, is like beginning that video game on expert mode, with loads of extra baddies and obstacles in your way…
Which is fine if you have experience or if you just love making things hard on yourself.
But, assuming your main goal here is to start making some good money online as quickly and as easily as possible, then I would recommend that you start playing that video game on easy mode…
And what does easy mode look like for us?
It looks like our last 2 types of online business.
The first of those is…
8. Freelancing
Freelancing simply means providing a service directly to a client, and getting paid directly for it.
Online you can be a freelance writer, a freelance web designer, a freelance social media manager… etc. etc.
Several years back when I quit my office job I spent a whole year determined NOT to do freelancing, because let’s face it: it’s not glamorous, and it’s not sexy.
I saw freelancing as too basic and I didn’t want to trade time for money.
No, I wanted to become a real deal online entrepreneur, earning money in my sleep!
Unfortunately, what ended up happening was this: I spent my first year working for myself trying to be a real deal entrepreneur, trying to earn money in my sleep… and I didn’t earn much money at all.
It was only when I got serious about doing freelance web design that I started earning a consistent living online, which enabled me to travel all around the world, non-stop, for almost four years.
Since then I’ve met and corresponded with thousands of other online web workers, and without a doubt, the most common way I see them making a living online is through freelancing.
Even if you have no existing skills, you can literally start making money online as a freelancer within a week.
Now that’s something that CAN’T be said about all these other types of online business we’ve talked about already. Because with all the aforementioned, you usually have to put in several weeks, months or even years of work up front, before you start earning any significant income.
Not so with freelancing.
Freelancing is a much quicker and easier way to start earning money online, and if I could go back in time, I’d have started doing it much earlier myself. I wouldn’t have wasted that whole first year.
All that said, freelancing is not perfect by any means:
It can be tough to find clients
You might have to start out with a low rate
Your income can be up one month and down the next
And those things can be very difficult to adjust to if you’re coming from a 9-to-5 job with a steady paycheck.
And that brings us to the final type of online business, which is:
9. Remote Work
This is a bit different from the rest because you don’t really run your own business here.
Instead, you become a remote employee of someone else’s business.
This is increasingly popular nowadays: more and more companies are hiring and working with people 100% remote.
And this can be the best of both worlds for you.
A friend of mine named Tom actually started out working online this way. He found a remote copywriting job and was paid a salary of $3000 per month. Now the company that hired him was based in the United States, Tom was based in Berlin. He only needed to work about 20 hours per week to keep that employer happy and earn his $3000/month, and he was able to do his work from home, or from a trendy cafe in Berlin, or from anywhere else in the world really.
Pretty good, right?
Of course, remote work isn’t perfect either.
It can be hard to find a really good remote job
They’re usually looking for a longer term commitment
You might have to work set hours which can be difficult if you’re eager to travel
In other words, remote work is usually more steady and predictable than freelancing, but you won’t have quite the same level of freedom and autonomy.
So…
Freelancing Or Remote Work?
Which you should choose depends on your own preferences.
But either way, as a freelancer or remote worker, you’ll likely be earning money online much quicker and easier compared to these other 7 types of online business we spoke about earlier:
Advertising
Affiliate Marketing
Blogging / Vlogging
Creating and Selling Digital Products
Dropshipping
SaaS
Sponsorship
As I said, starting with any of those 7 is like beginning the video game on expert mode.
Whereas with freelancing or remote work, you’re beginning the game on easy mode, and so you’re giving yourself a much better chance of success.
The Most Reliable Path To Build A Successful Online Business
Let me wrap up by mapping out, very clearly, the most reliable path for you to build a successful online business.
And this comes not only from my own experience, but also from the experience of 1000’s of people I’ve worked or corresponded with over the years.
This is the path of least resistance, the path I’ve seen work best for most people, so it’s likely to work well for you.
1
Get your online income flowing consistently as a remote worker or freelancer. Those are the quickest and easiest ways to do it, and you can even do a bit of both at the same time.
2
As you gain experience, increase your rate and reduce your hours.
You want to get to the point where you only HAVE to work 15-20 hours per week, at most, and earn enough in that time to cover all your expenses and have some money left over.
3
Once you get to that point, you’re free.
Now you’re earning a comfortable living working part-time hours, and you can spend all your free time off traveling the world and having loads of mad adventures.
Or… you can spend your free time building one of those first 7 types of online business we talked about.
Because those ARE businesses worth building.
Yes, they are more challenging, and yes, they take more time to get off the ground – which is why I don’t recommend trying any of them right out of the gate – but, if you’re anything like me, you won’t want to play that video game on easy mode forever.
So think of remote work and freelancing as stepping stones – albeit very important stepping stones, but stepping stones nonetheless – to bigger and better online business models.
You start small, make things easy on yourself, get some money flowing, free up your time, gain some experience, and then move on to the big leagues.
Make sense?
Yeah, sorry about that.
And it’s about to hurt even more because I have a quick question for you.
And that is:
What is your #1 takeaway from this article?
Was there anything in here that particularly surprised you or stuck with you?
Please go ahead and leave your answer in the comments below. This is for your benefit, because when you take the time to reflect and put down in writing what you’ve learned, you deepen that learning.
So take two minutes now and share your #1 takeaway in the comments.
Lastly, this article is part of my Start Earning Online series. If you want more articles like this, showing you step-by-step, exactly what it takes to build an online business, sign up below.
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June 7, 2018
Momentos: May 16th – May 31st, 2018
MOMENTOS
May 16th – May 31st, 2018
16
Wandered up the hill this eve and found a big old fort, first built almost five hundred years ago by the Spanish, home to Turks and Austrians and Venetians and many more since. It even served as a prison during World War II. The place is abandoned now, save for a few goats roaming around inside. And me today, giddy with the thought of all the stories within those walls.
17
Legs weak, lungs about to explode. Just finished eight step sprints. Thought I was going to puke after the fifth set. I walk back to the park feeling hungover, counting my breaths, stop at a bench and catch the last of the evening sun. There are two middle-aged men across the way enjoying a couple of cans, families in the playground, two pigeons humping on a rooftop.
18
I feel uneasy, swimming in open water when I can’t see the bottom. I know there aren’t any sharks or anything to worry about here, but still. I heard someone say once that you wouldn’t walk into a pitch black forest because anything could be lurking there, so why is a sea or an ocean any different?
Spanish fort in Herceg Novi
Posted by Niall Doherty on Thursday, June 7, 2018
19
Lesson learned from last weekend, today was the perfect rest day. Short morning routine, watched some Netflix, slow cooked some meals, nap in the afternoon, nice coffee with a view, and a long walk down by the water until the sun turned in. As much as I’d love to go all-out all the time, I need regular down days like this.
20
On second thought, maybe this town wouldn’t make the best home base. A month here is fine, but you start to miss a bit of community after that. Yeah, I’m sure we could meet local people, but hard to relate to folks who work nine-to-five and live their whole lives in one place. I start to miss deep conversation with unusual people doing strange things.
21
Have my schedule set up now so it’s Monday, Wednesday, Friday for client work, and Tuesday, Thursday for my own stuff. Pretty good balance, methinks. I was doing a bit of both every day before, but it’s better to block off full days for each thing, get a good run at it.
I guess this is how they dance in Montenegro
Posted by Niall Doherty on Thursday, June 7, 2018
22
Winning Through Intimidation. Reading it for the second time. Bit of a misleading title, but an excellent book. Lots there that can be applied to succeed in any walk of life. You need substance, of course, but you also need the right posture, the right image. And you need to acknowledge the way the world actually is, not how you want it to be, and respond accordingly.
23
What gets measured gets managed. So tracking everything I eat and drink now with MyFitnessPal. That should lead to some insights, and smart adjustments. Ate 2,600 calories today, about 50% carbs, 20% fat, 30% protein. You notice that the very act of tracking changes your behavior, makes you more conscious. And more conscious is always a good thing.
24
Wise words from Straight-Line Leadership:
You can find out how to do anything. The how to is never really what’s missing… Here’s what’s missing—you have not chosen to. And that’s the whole point here and that’s the major mind shift. It’s a shift from knowing to choosing. The person who is not performing is not choosing.
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Exploring Dubrovnik
25
I reckon I’ve broken the Facebook trance. Apart from checking in on my private group, I’m barely on there at all nowadays. It’s over a week since I checked notifications. My messages sometimes go unanswered for days. Can’t remember the last time I looked at my timeline. It’s like any habit: tough to build or break at first, but once you’re over the hump it gets easier and easier.
26
After a long day exploring Dubrovnik, we find ourselves atop the hill above it, looking out at a spectacular sunset. It’s a beautiful scene, with a haunting twist: we’re stepping around several bunkers from 1991, where men sat and rained bombs down on the city. More than 400 people were killed during that seige. I wonder if they ever saw a sunset like this.
27
Watched that Doctor Strange movie today. Didn’t think much of it. Except for two things:
This line: “We never lose our demons. We only learn to live above them.”
Budget was an estimated $165–237 million. Box office was $678 million. They’re getting some serious ROI on these superhero movies.
Sunset over Dubrovnik, Croatia
Posted by Niall Doherty on Thursday, June 7, 2018
28
This MyFitnessPal thing is a real game-changer. I’ve never been so conscious of the food I’m eating. Realizing now how much I’ve tended to overeat in the past. Especially on lazy days, like yesterday. So easy then to load up on the pasta or cereal. But the app put my calorie goal in front of me yesterday, and I stuck close to it.
29
Three-time Tour de France winner Greg LeMond once said about cycling, “It doesn’t get easier, you just go faster.” Feeling a bit tired and frustrated today, I wonder if the same is true with my work. Maybe I have gotten better, but it doesn’t feel any easier, because now I’m going faster, tackling bigger problems, taking more responsibility.
30
When you find yourself tired at the end of the day, there are two ways to look at it. One is to be frustrated, like I was yesterday. Another is to appreciate that you’ve made the most of the day, expended your fill of energy, held nothing back. Words from da Vinci come to mind: “As a well-spent day brings happy sleep, so a life well spent brings happy death.”
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Happy coffee fun time in Herceg Novi
31
Listening to an interview with Peter Thiel. His views are interesting, but even more interesting is how he answers questions. He always seems to examine the premise of a question first, to see if he agrees with it or not. And quite often, he doesn’t. Made me realize how I tend to answer questions automatically, without pausing to consider the assumptions baked into them.
Previous Momentos
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Momentos: May 1st – May 15th, 2018
MOMENTOS
May 1st – May 15th, 2018
1
To my left, a bunch of Asian looking dudes in the volleyball cage, spry and athletic. Above me, a row of bars I’ll try to traverse. And to my right, three dudes sitting on a curb, having a few drinks, probably workmen just finished for the day. Off the bars I’ll notice them passing a needle back and forth, taking turns shooting up. I’ll look at them and they’ll look at me and we’ll say nothing.
2
Coach a no-show today so I went for a run as the sun went down. Along the railway tracks, round back of a highrise I once lived in, past building sites and thirteen cranes and shady looking security guards, by sleeping junkies and a man with blood on his face and stunners in high heels, abandoned cars and new Porsches, a city with many sides.
3
If I have any kind of business “superpower,” I’d say it’s persistence. I’m rarely one to make sudden, massive progress. Mostly I grow and improve slow and steady, one small step at a time. Sometimes that’s frustrating, success taking longer than I’d like. Other times I’m reassured, knowing that success is inevitable, so long as I keep showing up and putting in the work.
Somewhere in Moscow
Posted by Niall Doherty on Thursday, June 7, 2018
4
Ever stop and think that any day, any moment, could be the verge? We could be on the brink of something right now, an event that changes the world significantly. Or you could be on the brink of something that changes your world, massively. Maybe for good, maybe for bad. Any day can be your September 10th. Any moment can be the one right before he or she comes along.
5
Last day in Moscow, not sure when I’ll be back again. Been making friends with this city the past couple of weeks, getting out more, enjoying the warmer weather, taking long walks. I still speak and understand almost zero Russian, and I’m at peace with that. Learning a language can’t be a part-time pursuit for me, and I’m not willing to make it a full. Not yet.
6
Arrived in Herceg Novi, Montenegro. This will be our home for the next four weeks. Perfect weather this eve, had a long slow dinner under some linden trees, a walk down by the harbor after, clear water, slow music, little fish, children playing. Falling in love with the place already.
Arriving in Montenegro
Posted by Niall Doherty on Thursday, June 7, 2018
7
Listening to Blindboy talk about solemnity. His friend’s dad died, went to the funeral, said “sorry for your troubles.” The friend told him later that those words broke his heart. Nobody could be real with him in that moment, everyone going through the motions, words on automatic. What he wanted from a friend was a typical comment, maybe even a joke. A dose of normality to hang on to.
8
On a group call with some good people, talking about imposter syndrome. I think you should always feel that to some extent. Otherwise you’re not really pushing your limit. What’s that saying? If you’re the smartest person in the room, you’re probably in the wrong room. I’d rather be at the imposter end of the spectrum than the opposite.
9
Plenty of stories in this town. Many a people have laid claim to it over the centuries. Romans, Venetians, Russia, Serbs, Napoleon’s French Empire. There’s a fort built by the Spanish, another by Bosnians, a tower built by Austrians, another by Turks, and the calling card of a 40-year-old earthquake sticking out of the sea.
Coffee awesome fun time in Herceg Novi
10
I have a big list of video ideas. Added this one today, raw and unedited:
The English names we have for non-English speaking places, contrasted with what those places are called by locals or in other languages. Hindustan, for example. And does South Korea call itself “South Korea” or does it have a name completely separate from the north?
11
Watching this Google Duplex demo just made me say “NO FUCKING WAY” out loud. That is some seriously cool, and potentially scary, tech. The Turing test is defined as “a test of a machine’s ability to exhibit intelligent behavior equivalent to, or indistinguishable from, that of a human.” Seems to me that Google Duplex passes with flying colors. What comes next?
12
This new freelance gig is great but requires a lot of mental energy during the week. And I’m finding that that leaves me drained on the weekend. Today should have been great, off exploring in a rental car, seeing some amazing sights and the weather spectacular… but mostly I was tired and wanted to go home and rest.
First evening in Herceg Novi, Montenegro
Posted by Niall Doherty on Thursday, June 7, 2018
13
Montenegro is one of the newest countries in the world, only in existence since 2006. So it’s just entering its teenage years as a sovereign nation. I’m impressed with it so far, surprised I hadn’t heard more about the place. As we travel we’re keeping an eye out for a place (or places) that could serve as a future home base. Montenegro looks like a contender.
14
In a supermarket here they have whole baby pigs shrink wrapped in the freezer. There they are, a half-dozen of them piled on top of each other, eyes closed like they’re sleeping. It’s disturbing seeing them like that, but that’s how we should see all meat. Once it’s cut up and processed it’s too easy to forget where it comes from.
15
She doesn’t like me writing about her, but I just have to say that she is incredible and I’m so glad to have her by my side. Pretty much every day I catch myself counting my lucky stars. I used to struggle to imagine being deep in a committed relationship; now I struggle to imagine being single again. Those days were fine, but this is far better.
Exploring Kotor with my lady.
Posted by Niall Doherty on Thursday, June 7, 2018
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