In today’s digital age, it’s easier than ever to start a business without having a physical office. With the rise of remote work and the internet, entrepreneurs can run their business from anywhere in the world.
Location independent businesses, a.k.a. remote businesses or digital nomad businesses, are companies that can be run from anywhere in the world as long as you have an internet connection. There’s no physical office or fixed location, and often includes employees or contractors who work remotely.
Businesses with this level of flexibility allow entrepreneurs to work from anywhere, which means they can travel the world, spend more time with family, and have more control over their work-life balance. In addition, remote businesses like this often have lower overhead costs because they don’t need to rent office space or pay for utilities.
However, running a location-independent business also comes with its own set of challenges. It requires a great deal of self-discipline and motivation, as well as strong communication and organizational skills. Nonetheless, with the right mindset and strategy, anyone can build a successful location-independent business.
Service-based businesses are an excellent option for those with specialized skills or expertise. As long as you have a computer and an internet connection, you can offer your services to clients from anywhere in the world. Here are some popular service-based businesses that you can start:
Virtual bookkeeping and accounting
Many small businesses and startups need help with their bookkeeping and accounting tasks, but they may not have the resources to hire a full-time accountant. As a virtual bookkeeper or accountant, you can offer your services remotely, providing financial reports, tax planning, and other accounting services to your clients.
With the rise of social media, many businesses are struggling to keep up with the demands of managing their online presence. As a social media manager, you can help businesses create and execute social media strategies, manage their accounts, and create engaging content to attract more followers.
Copywriting and content creation
Content is king in today’s digital world, and businesses need high-quality content to attract and retain customers. As a copywriter or content creator, you can offer your writing services to businesses in various industries, including blog posts, articles, product descriptions, and website copy.
Virtual assistant services
Virtual assistant services are in high demand, especially for entrepreneurs and small businesses who need help with administrative tasks. As a virtual assistant, you can offer services such as email management, scheduling, research, and data entry.
Online tutoring and coaching
Online tutoring and coaching are excellent options for those with expertise in a particular field. With video conferencing tools like Zoom, you can connect with clients from anywhere in the world and provide one-on-one coaching sessions.
With businesses operating in a global economy, translation services are in high demand. As a translator, you can offer services such as document translation, website localization, and interpretation services to help businesses communicate with their international customers and clients.
Online bookkeeping and accounting
Many small businesses and startups need help with their bookkeeping and accounting tasks, but they may not have the resources to hire a full-time accountant. As an online bookkeeper or accountant, you can offer your services remotely, providing financial reports, tax planning, and other accounting services to your clients.
Product-based businesses are a great option for entrepreneurs who want to sell physical or digital products online. Here are some popular product-based businesses that you can start:
E-commerce businesses are online stores that sell physical products. With platforms like Shopify and WooCommerce, it’s easier than ever to set up an online store and start selling products. You can sell anything from clothing and accessories to home goods and electronics.
Dropshipping is a popular business model that allows you to sell products without holding inventory. You simply list the products on your online store, and when a customer places an order, you purchase the product from a supplier who ships it directly to the customer. This eliminates the need for warehousing and shipping products, making it an attractive option for those who want to start an e-commerce business with minimal investment. As with the e-commerce idea, dropshipping does require some understanding of maintaining websites.
Digital products businesses
Digital products businesses sell products that can be downloaded online, such as e-books, online courses, and software. Digital products have low overhead costs, and once you create them, you can sell them over and over again without having to restock inventory. This makes them an excellent option for those who want to earn passive income.
If you have a talent for making handmade crafts such as jewelry, pottery, or textiles, you can sell your products online through platforms like Etsy or your own website. Handmade crafts have a unique charm that sets them apart from mass-produced items.
Print-on-demand (POD) merchandise allows you to create and sell custom products without holding inventory. You simply design the product, and the printing and shipping are handled by a third-party company. POD products can include t-shirts, mugs, phone cases, and more.
Subscription boxes are a popular way to receive curated products on a regular basis. You can create a subscription box around a particular theme or niche, such as healthy snacks, pet products, or beauty products.
Health and wellness products
Health and wellness products are in high demand, as people become more health-conscious. You can sell products such as vitamins and supplements, organic foods, fitness equipment, and natural skincare products.
Choosing the right location-independent business
Choosing the right location-independent business is crucial to your success as an entrepreneur. It’s essential to assess your skills and interests, research market demand and competition, identify potential clients or customers, and set realistic goals and expectations. Here are some tips to help you choose the right location independent business:
Assess your skills and interests
Before starting a location-independent business, it’s important to assess your skills and interests. Consider what you’re good at and what you enjoy doing. You may have expertise in a particular field, such as writing, web development, or social media management, which could lead to a successful service-based business. Or, you may have a passion for a particular product, such as handmade crafts or eco-friendly products, which could lead to a successful product-based business.
Research market demand and competition
Once you have an idea of what type of business you want to start, it’s important to research market demand and competition. Determine if there is a need for your product or service and identify your target audience. Research your competition and identify what sets you apart from them. Look for gaps in the market that you can fill, or areas where you can offer a unique value proposition to your customers.
Identify potential clients or customers Identifying potential clients or customers is crucial to the success of your location-independent business. Determine who your ideal customer is and where you can find them. Consider how you will reach them, whether it’s through social media, email marketing, or other channels. Networking and building relationships with potential clients or customers can also help you grow your business.
Set realistic goals and expectations
Finally, it’s important to set realistic goals and expectations for your location-independent business. Determine how much money you need to make to cover your expenses and pay yourself a salary. Set goals for revenue growth, customer acquisition, and other metrics that are important to your business. Remember that building a successful location-independent business takes time and effort, so be patient and persistent.
By following these tips, you can choose the right location independent business for you and increase your chances of success as an entrepreneur.
Starting a location-independent business can be a rewarding and fulfilling way to make a living. If you’re considering starting a location-independent business, we encourage you to take action and pursue your dreams. By assessing your skills and interests, researching market demand and competition, identifying potential clients or customers, and setting realistic goals and expectations, you can increase your chances of success as an entrepreneur.
Remember that building a successful business takes time and effort, but with the right mindset and strategy, anything is possible. Thank you for reading, and best of luck on your entrepreneurial journey!
Jared has worked remotely for 15 years in various marketing capacities, and has managed hundreds of marketing campaigns along the way. He has held freelance, agency, and in-house positions for companies large and small.
Social media management