One of the top questions we get asked on this channel is how to make money online so you can live anywhere in the world, just like we’re living in Mexico. Today, we’ll be answering that question based on our 15 years of experience running online businesses and helping hundreds of people grow and start their own businesses.
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The Importance of Making Money Online
Before diving into the content, let’s address why making money online is crucial for being an entrepreneur expat. One of the biggest benefits of living in other countries, like Mexico, is the ability to enjoy a high quality of life for much less money. Typically, this works by earning in dollars and spending in the local currency, where the cost of living is significantly lower than in the United States.
The key is to have a location-independent income, allowing you to move to places like Mexico, Portugal, or Colombia. This means having a business model that isn’t tied to a specific location. While remote jobs exist, they are becoming harder to find, especially in high-paying sectors. Building your own online business gives you the flexibility and financial independence you need.
Developing High-Value Skills
To build a successful online business, you must develop high-value skills that can be quickly monetized. These can include sales, marketing, web development, data analysis, and writing. High-value skills are sought after in the marketplace and lend themselves to remote work. For example, consulting is a lucrative field where you can leverage your expertise and offer valuable insights to clients worldwide.
Creating a Location-Independent Model
A crucial aspect of your online business is ensuring it is location-independent. This means creating a model that allows you to market, sell, and deliver services remotely. Examples include consulting, group training programs, and selling digital products. For instance, we transitioned from one-on-one consulting to group training and digital products, allowing us to reach more clients without being tied to a specific location.
Building a Scalable Offer
The next step is to build a scalable offer. If you find yourself repeating the same tasks for different clients, consider packaging and automating these services. You can create video training, membership sites, or automated systems to deliver your services. This approach not only saves time but also ensures consistency and quality in your offerings.
Mastering Marketing and Sales
Learning marketing and sales is essential for the success of your online business. Many people resist this aspect because they don’t want to be pushy or feel uncomfortable promoting themselves. However, good marketing and sales are about understanding your audience’s needs and providing solutions. These skills can be learned and are crucial for attracting and retaining clients.
Leveraging Technology and Systems
Finally, leveraging technology and systems is vital for scaling your online business. We have spent years refining our processes to ensure our business supports our lifestyle rather than the other way around. By automating repetitive tasks and using tools to streamline operations, we can focus on what matters most—marketing, sales, and enjoying life.
For example, we use automated email systems to follow up with leads, allowing us to focus on creating content and engaging with our audience. This automation frees up our time, enabling us to live our entrepreneur expat life to the fullest.
Conclusion
Understanding these concepts is essential for building a sustainable online business that allows you to move to Mexico or any other country and work and travel freely. If you’re just starting, focus on identifying high-value skills that you can deliver online. From there, develop a scalable offer, learn marketing and sales, and leverage technology to streamline your operations.
If you need personalized guidance, sign up for a call with us. We can help you navigate the process and build a business that fits your lifestyle. Thanks for joining us. Make sure to like this video, subscribe to our channel, and sign up for our list to stay updated on our latest content. Ciao for now!