11 Best Online Business Ideas (Based on REAL Experience)
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- Опубліковано 19 чер 2024
- www.nomadcapitalist.com
Want to start an online business?
There are plenty of location independent business ideas online. Some work, while others don't.
Here at Nomad Capitalist, we work with seven- and eight-figure entrepreneurs who have already achieved success. More than 100,000 people have applied to work with us, and we've helped hundreds of people directly... and we've personally seen what's really working and what's not.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: nomadcapitalist.com/apply/
Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
About Andrew:nomadcapitalist.com/about/
Our website: www.nomadcapitalist.com
Subscribe: ua-cam.com/users/subscription_...
Buy Andrew's book: amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
Man!!!!,I love this channel...$o valuable... iam a web developer by profession and I'm looking forward to own a SaaS company.....
Happy to hear that. Thank you for your comment.
Interesting SaaS article at this link lionsgate.io/crowdsourcing-operators-of-software-as-a-service/
@@nomadcapitalist Andrew, where is a great country to start.and e-commerce business when it comes to merchant accounts opening? Thanks
@@nomadcapitalist is
@@NomadVoyage t
Summary:
1. Freelancing
2. Digital Products
3. E-Commerce
4. Amazon FBA
5. Amazon Publishing
6. App Development
7. Affiliate Marketing
8. SAAS / Software
9. Service Business
10. Coaching & Consulting
11. Trading
ankurq7 ...Thank you!
Thnx alot
Thanks a lot for doing this .
This was easier lol
Thanks 😁
I actually hated you and your videos at first. But the more I watch you, the more I like your content. I feel like I should apologize! LOL! Thanks for the great content Andrew.
Thank you Heath for the comment, glad to hear that you find it useful and that can serve you.
@@ralphfurley4217 Individual* not odd
It's called UA-cam Stockholm syndrome ^^
Yes first apologize then bow down and kiss the ring these are some great videos and you are not worthy
😂
This Channel is a BLESSING
Andrew I appreciate your channel. I just discovered it today. I am a Hong Kong native (born and raised until I moved to the US in middle school). I just graduated form USC in California and now work as a programmer at Microsoft. I bought my first rental property in Tacoma, WA about a month ago after my first year at Microsoft. My next goal is to purchase a multifamily (4 unit) and increase my cash flow every month. On top of this I am trying to build some business on the side that will generate monthly income for me. Ultimately I want to build up enough monthly income to work for myself within the next 2 years and move overseas to continue investing (likely in real estate while maintaining my business).
I must say, the hardest thing for me to do right now is determine what my side business should be in order to generate that monthly cash I will need to move overseas. I can't get myself to jump on board to any one idea. IT IS HARD.
Thank you, Rob, I really appreciate it. 😊 You seem like you have a well thought out plan but if you need any help in the future feel free to contact me at nomadcapitalist.com/apply
Wow a fellow HKer!
What did finally decide for your side business if I may ask? Thx!
I have worked with a lot of people who lived in Mexico (us citizens) and come back to the states to work maintenance outages for: power plants, power transmission upgrades, processingplants, etc. Any job that requires a lower grade of technical skill (mechanical, electrical, instrumentation, radiation, etc). In-between jobs, they live like a king in (usually) Mexico. The jobs are fun (if you came up through the ranks doing that) but before you burn out or get bored, you are back in Mexico. Companies need these people and plan on using them on their projects. There are "head" companies that act as middlemen that connect and coordinate between the temporary workers and companies.
I would love to see a series where you dive deeper into each one of these ideas....I’m not your target audience per se but the content is very helpful and interesting. Thank you!
10:30 SAAS = recurring revenue model
12:00 It's better to be a business in many cases, than to be a freelancer, if your goal is tax optimization
14:40 Trading businesses - its a certain type of people who's cut out for them. Entrepreneurs/visionaries don't have the patience to be so analytical every single day like that
16:30 What you need is a stream of income - something that's scalable, that's reliable
The comment you made about trading a spot on! Everyone "thinks" they want to try trading but it's really not for everybody I've been training for many many years and I've seen a lot of people come and go the ones that make it in the trading business are the ones who understand macro system building and micro methodology.
Thank you for your Insight.
I hope to be working with you sometime next year👍
This is excellent content, you are one of the only UA-camrs I believe when it comes to this type of content. Just bought your book and am loving it, congrats on achieving your dream.
You're ideally positioned to vet this, really good content, one of your best videos Andrew! Thanks :)
Love the romance novel idea. A Barnes & Noble store near me 15 ceiling high cases for sale. Very lucrative. Excellent good intel for those who do.
I like the consultant idea. I have a niche medical practice in the states and this gave me an idea how to offer consults world wide. Thank you!!
Hi Andrew, I just stumbled on your videos. Last night I watched over 3 hours of your clips and I must say you really share your ideas with such simplicity. I recommended a friend in the Philippines to watch who wishes to start a business but don't know how. Great work.
Your channel has continued to give me invaluable information and I'm truly grateful for your insight and expertise. Thank you and please keep up the great content. You are providing as service that is definitely appreciated to many who follow your work.
I just LOVE your channel, it's one of the few life-changing/aim-focusing streams that I'm keen on following.
I have a big problem, I'm a professional graphic designer/ entrepreneur with a registered US patent(s). Yet, being of a Lebanese nationality is a headache, with cherry-on-the-top that I was born and raised in Damascus, Syria; these stigmatizing nationality and residency have restrained me from the desired financial expansion or any serious growth with my career or even monetizing on my patents. With this brief introduction to my dystopic case, what would be your suggested solution?
Again,
Love your work
Great list! I would add one thing: newsletters/articles. Lot of people making significant incomes publishing either on their own sites or with third parties such as Substack. If you having a email mailing list through your own site, that's also a good market to which you can offer other products/services.
I’m obsessed with these vids! I’m building an online online store after having lived in Morocco for years running a brick and mortar shop but really wanting to just continue that nomad life and I’m realizing that it’s all possible 🧡
Glad you like them Ashley!😍
Congratulations! Your youtube channel and your website are very interesting. Now I understand why so many important sites / newspapers talk about you.
Patrick, you never fail to teach me something and I want you to know that I appreciate it. Thank you.
Just found your channel today and I've been binge watching all morning! Great stuff! I started my online business last summer and I'll be contacting you and your team in the future for citizenship investing. Thank you! 😁👍💜💰
Looking forward to it, Carolyn!
Glad I discovered your channel. I'm learning a lot and looking forward to working with you.
Dude good looks man, your channel is cool as hell, much needed
thanks Andrew..that was a great video. I would add real estate business that generates cash flow with outsourcing management.
Been working through your videos -- this one in particular is magnificent content. Is it a surprise that I am doing or will be doing many of your suggestions? It's nice to find something that is so spot-on with good business ideas.
Just watched this, amazing content
The most important point I take from this video: have a personal advisor who will hold you accountable to your plan. The rest of the video all great but I feel having the “active” advising is what will take you next level.
thanks Nomad. This video confirms im on the right track . I'm an Ivy league trained dentist and specialist btw, since I left the US for my home country ( Africa) took a big hit and I needed to get out. I'm working my ass off on some of your suggestions 2 years now and yeah I need to get out of here ( dentistry and Africa)
A properly run profitable business can be run anywhere and the owner can pick his hours once it's set up and may involve paying key employees well aka a freedom tax to eliminate the need for close oversight.
Very inspirational! Thank you! May have given me an idea.
The hand gesture in this video is gold.
I thought so too! The guy comes off as totally flamboyant gay - he does have great content however!
Great ideas and insightful commentary based upon amazing experience. We do one of those..kind of...we write children stories and pay 6 cents usd a word ( any writers may apply). But I never thought of the romance novel for a cheaper price with less stringent criteria. Amazing idea!
Thanks, Andrew, this video definitely inspired me to start something!
Glad to hear it Larry!😊
Thank you for this and all that you do Andrew! Investing in Nomad Capitalist should be added #12
Great vid, Andrew! Would also be great if you could do a video on how to spot and evaluate business opportunities in other countries. Including things like how to determine if the business environment in a country is really conducive for business. Can’t rely on the spiel from investment agencies and business lawyers who have a vested interest in getting you to invest in their country. Need to know how to see past the bullshit.
Great idea. I'd love to see that too.
It looks like that you've already tried to check for some opportunities, haven't you?
Perhaps you can share some points and we might figure out what we can do together.
Respectfully,
Vladi S.
Thank you Andrew for you insight because this is something I very interested in doing👊🏽
If you have any updates videos on this topic pls do share..
Often one of the best ways to get an online business going is simply to ask your employer if you can work remotely and switch to contractor status.
I did that but it ended up being a big pay cut without the various employee benefits one gets. But lifestyle wise it was a brilliant move. I got out of the city.
@@Captain_MonsterFart get out of the country. Lower cost of living. No income tax under 109k.
Ahem...$108,700
So if you earn more than that, can you just ask your client to contract your wife as your “assistant”-paying her the remainder of your pay? 🤷♂️
@@johnpratt7439 once you get to certain point you look to do what this channel is about. You incorporate in a tax friendly jurisdiction and invoice from there. Anything over the "108,700" can then be reduced with the standard deduction. Depending on your set up you can also utilize a lot of you revenue as business expenses and set up a solo 401k that allows you to contribute much higher limits than a standard 401k. Or yes, you function as a business with your spouse and double the FEIE. There is no reason you cannot DBA as a generic name and split the profits as paychecks between you and your spouse if they are involved. Also, married filing jointly would give you a higher tax exempt limit than the 108,700 as an individual.
As somebody else already said I didn't like you at first, but I am a fan now. I am in some of these businesses and you are really knowledgeable. The content you put out really helps and is valuable. Subscribed!
Glad to have you, Patrick.
@@nomadcapitalist Keep up the good work. I am enjoying all of your videos. BTW what do you think about Romania?
Very interesting sub-points to this list eg using arbitrage such as hiring writers to write books for you. I would never have thought of that! Thanks for all of your valuable content
Glad that you like it and find it helpful
@@nomadcapitalist Andrew, here's a secret about writing those books...
James Patterson does the same thing - outsourcing his fiction writing! (Don't know where he gets his writers, though.) Any fiction book that says "by James Patterson & (Insert Unknown Writer's Name Here) is a book where Patterson provided an outline to the other person who then wrote the book from the outline. And then Patterson edits and so forth.
It's why he is the most productive writer in the industry, making a far higher income per year than almost any other writer day in & day out over the long haul.
And the books are still GOOD for the most part!
well, try finding one and it would be interesting to know how much it will cost you...and besides, why the writer him/herself won't sell the book independently? ...this guy is talking nonsense, grinding water in all over his channel and there are plenty of naive simpletons who believe him...he talks a lot but actually says really nothing ...He makes money mostly form the ads in this channel that has 392K ! subscribers...
This is exactly the video I needed to hear. Thank you, Andrew.
It is refreshing to see young minds helping each other to achieve a common goal.
Do you plan on investing ?
Good stuff! It’s Jeffrey, I’ve got a real good one to add to your list! We do all the heavy lifting, you just need to have a few business contacts!
Great content. I'm doing affiliate marketing, print on demand, CFD trading and some freelance translation and transcription work. It's good to have different sources of income. I believe in following an experienced coach who has done this before and can guide you to make things easier, so before starting all the above I've taken courses or joined a community in each field. Thanks Andrew. Have a nice day.
Thanks for sharing your experience, Marisa.
Marisa , hi how did you find the communities ?
@@barbarastewart7 Hi, researching online. Let me know if you need more details.
I am trading and just starting to get the freelance translation going. Would be interested in getting your tips on that and transcription work. Thanks!
@@marisacaruana9809 I would love to know more about these communities as well Marisa. There's too many to sort through and determine what is legit and helpful.
very good info thanks Andrew! Me and my daughter have a really great idea and there is a need
Hi Andrew , great channel ! Haven’t heard you speak about professionals . Any experience working with physicians who want to leave the USA. I’m personally considering Malaysia. What options are out there?
Really liked this thanks. The best tip right at the end I think.
Perfect timing! Keeps me motivated. I’ve been working on various skills over the last few years so I can set up an online business. Freelancing is definitely the way to go. But learn high income skills. It takes time but it’s totally worth it in the end. When you get that first client you’ll say...it was worth all the hard work.
skills like what? thank you :)
@@toalamierda yeah, I would like to know as well. Thank you in advance for sharing.
@@toalamierda UI/web design, copywriting, understanding branding, video, video editing software (Adobe Premiere).
That's the problem with college education today. People pay such a high price for book knowledge, but the real world demands skills. Computers are a lucrative field, and everything from the hardware to programming can be self taught. The problem is being self disciplined enough to take the time to do it instead of playing videogames and partying at the local bar every night. I think the problem in the world today is people lack motivation, self discipline, and passion to learn new things.
Awesome, awesome video!
I like that last one trading. I have done some of it and I like doing it so I am going to continue doing bit by bit until I get good. All your suggestions are really good, I may look into freelancing. Thanks for the ideas. Have a good night
Thank you Felicia, glad you find it useful.
How did you start bro, did you take any courses ?
I have done every one of those business ideas except trading. Good video
Lots of value presented in this video!
Andrew, Thank You very much. I am learning more and more from this channel!
Nice one Andrew. As Gary Vee says give out your best advice for free and the customers will be happy to pay you for your services. Thats exactly what this video is.. just help a few individuals get their business going and once they scalled it they will come knocking at your door. 🙏
Andrew is cracking it. Thanks bro. 💕 From India.
Thanks for the great content, Andrew; truly appreciate it! Any advice for experienced U.S. English teachers who are aspiring “nomad capiltalists” (wanting to live and work abroad)?
Teaching English won't make u a capitalist by any stretch of imagination. And if thats the only source of income, and retirement plan, then it is not only an unsustainable gig but ends up being a full-time grind . Been there. Done that. Not worth it
These videos are invaluable.
Andy I really love your content. So professional yet light and non condescending. I have lots of ideas. Especially writing. In fact you've illustrated this can be the way to facilitate getting on the road if you start off humble and work your way so as to not go bust living to large. Thank you for all your time and energy.
You're welcome.
Hi Andrew! What would be a good place to live part-time where one could connect with and have a sense of community with other active traders?
Truly a great video. Well done
Thank you Juliet.
Hi - would you do a vid on living in Australia please? I've always dreamed of living in that country. Thank you. If you've already made a vid on this topic, please direct me. Again, thank you!
Another great video!
Sensible and knowledgeable like always ..
What you really need is an income stream!!!! Exactly. Another very excellent video.
Thank you Eric for the comment.
I currently work in short term real estate sales - any way to make this remote?
great channel .... I like the forex on line trading business idea most..at moment..
Glad you enjoy it!
Im new to your channel and find your videos very helpful. I have owned and sold a few business in the last few years. Im looking to get into the e-com business and just cant find something that i have a passion for at this moment. Side note, after visiting your site ive noticed you surround yourself with some "beautiful" people ;) Just felt like pointing that out.
Congratulations on all of your success and thanks for the nice words.
Where is the best place to go to do rural homesteading and selling handmade items and homesteading consulting through UA-cam and/or eBay? Also looking for low taxes and very low government regulations around building codes and product liability. Just getting these ideas started figured I ask here. Thanks.
Andrew, do you have any advice for someone from South America on how to learn everything is needed about taxes? I'm building my own brand to sell online services and also physical products. I want to live in South East Asia, thought about setting up the company somewhere there, is that the solution or there is much more to learn?
Would love to see an update, given the current world situation. I am certainly into being Freelance. I have been freelance in the physical world. So now my goal is to be freelance in the digital world, so I can be location independent.
I think as part of affiliate program, network marketing is another business you can have, it is something that can be done online the upside potential is enormous.
@Nomad Capîtalîst I agree, thank you,I am starting to do that, Bitcoin Cash is probably the best investment now.I also Have BC, ET and LiteCoin. Where do I find your number to text? You posted the number below, where?
Thank you so much for your amazing videos
Maybe I need to apply for work with them ) I have 20 years banking experience and spoke English, Russian, Azeri / Turkish.
What finding clients for IM/EX businesses? Becoming an International Trader?
Could I have your digital products course? I think I will be able to take the marketing side and you would only deal with those that opt in
Great content. Been looking for a nomadic tax expert for a while. Could see myself become a client in the not too distant future. Ty
Thank you @Jan Jegen for the comment. You can visit our website for more information www.nomadcapitalist.com
Love your videos, great content. I have a couple of restaurants in France and was actually looking to relocate to the US not just for all the taxes that business owners pay in France but some other personal reasons. Now you are making me rethink my strategy, but I still think the US is overall better for entrepreneurs than France.
USA is better than most countries for entrepreneurs.
hello thankyou for sharing your knowledge,
i learn so much from your videos :)
thinking of starting an online business and am wondering which country would be best to incorporate the project in..
diving into your website after submitting this comment :))))
Outstanding. Shared.
Thank you, Mario.
Another good, info-packed video, and a solid list; thank you. Could you elaborate a bit further as to why it can be better to be a business owner with employees, rather than a freelancer or independent contractor? What are some of the benefits, tax advantages,....?
If I may: as long as you are the business system you have a job. When the business system can operate mainly on its own you have a business.
Thank you Brigita for the suggestion.
I think you covered most of them. I think it is borderline a bad idea to glamourise trading though as the vast majority of people reliably lose money with it. I'm trying to get away from the freelance corner and into more of an automated web based model. Been dusting off my PHP skills as of late.
Hey vegan friend, Yoibare right that most people fail or loose money with trading but isn't it with most ventures? I lost a lot of money until I started to get good at something. Most people loose money in e-commerce too but I don't. Same as a vegan, it takes a while and a lot of changes to get rid of animal products in your life! I wish you the wisdom to get through PHP until you can make it profitable. Take care.
@@danielblanchard1222 hey man, yeah some people make trading work for them but it is very difficult and only the extreme minority are profitable long term after a few years in the game - the book "Fooled by Randomness" details how professional trading has a high turnover... out of the minority who are profitable in the short term, there is an even smaller minority of that minority who continue being profitable long term. In terms of my work, I'm already profitable with my freelance work but am currently working on a new web project which might be a nice additional earner.
@@VeganFootsoldier Hey there! When it comes to trading, what most people who first get into it fail to realize is, trading requires proper management. Not just MONEY management, though! Also proper EMOTION management! In other words, management of SELF.
I had found a successful trade a long time ago that worked once a year and I didn't know why. But each year I got better at timing it, until one year I doubled my money overnight. But the thing was, I only knew that it WORKED, not the reason WHY it worked. I avoided daytrading and stuck to short to medium term swing trading market reversals.
But you know what the hardest part of doubling my money overnight was? Managing my emotions so that I would NOT pull the trigger too EARLY!
So basically the hardest part was sitting on my hands and doing NOTHING until the right moment came along!
Trading may not be a good idea if you don't have the IQ, education or talent but the same can be said for everything eg, coding, app development, writing, marketing, business ect. Trading is brilliant for those who can do it. If you can't, don't be bitter.
@LazicStefan Lol 15%
a question regarding this: the last tip you mention ishaving a business whee I'm not living? ie. if I leave the country, but I speak the language it's a benefit, right? how about importing or ecommerce in this case, across the borders? thanks
Get a consult from someone on the tax liabiities for that. I can't remember which station but a youtuber out there discusses this as he discusses Amazon businesses. Hope you find him!
Being a US venture capital / corporate attorney.
Dancing, professor....Now class begins
I would like to Renovate and own old apps so kindly suggest where do my apps take me to meet my dreams kindly suggest where my apps would be treated the best
Great videos, been watching for a while. Question: Can you do a video about other countries (non US) that will take Americans in their military, then give them free education and/or lead to residency or citizenship in that country? Lot of conservative kids normally joint the military to take a break/see the world, before continuing their education or to get training for their future.....
What about being a nomad capitalist, but just in the USA for now. Lets say, for example that I live in Vegas for 6 months and 1 day, and the rest of the time I spend at my condo in San Diego, and my ranch in Southern Oregon. I would owe some state taxes that are unfavorable, but I think the income would be taxed at the NV rates, which is zero. Seems like a way to make your income tax zero, live in the US, and also live in high tax states like california. Also you could do all your shopping in Oregon and save on sales taxes which do not exist there.
Dear Andrew what's the deal with Cim Banque in Switzerland? Is there a catch ?
What about running a real estate business in the US as a foreign corporation?
Wow you read my mind
Great video
Great content, would love to see more of this stuff for digital nomads: where can I work remotely and pay least amount of taxes ?
We have covered it in this video: ua-cam.com/video/V9IyOfmnSfw/v-deo.html
You forgot product development... I got them a product I got designed in an industrial design firm called Manta to a manufacturing company called Panoplo...
Panoplo produced it for me in Canada and drop shipped it to Amazon... They even hired and manage a small team for my brand on my behalf for a cut of the sales.
If you can do this with as little as $30k to $300k depending on the product you want to create and how well it is received..
E-commerce, because you can literally start with extreme low budget and in some cases even without budget at all! 👍🙂
Good to know. Thanks 👍😊👍
I dont think you have covered any strategies for Nomad Traders (non-crypto). Can you shed some lights? Especially on the Tax residency for Stock Traders.
Shi Troy Thanks for the idea! We do offer a personalized service for anyone who needs help with a specific issue and needs professional help. Details here: www.nomadcapitalist.com/apply/
Awesome video..
Do a update for 2021.
Would you consider writing and publishing music to streaming platforms as digital products?
Muneeb Peeran if you are a talented musician that is a great route to take. I have met some musicians who publish music through the various platforms like iTunes. I think stock music would also be another route for a musician type. I think one could also go the coaching and consulting route and teach music online. Music and audio is a pure and perfect digital product.
@@dougscott188 thanks for mentioning stockmusic. just wrote to them with an inquiry. :)
@@dougscott188 no money in it---
I am in the process of launching an app could you point me in a direction to read up on ,or the taxation I should be mindful of..I'm not in the tax bracket you service yet ..so I need to make more money before I call you ..I have your book by the way.
Dear Andrew, do you concur that the Norwegian Kroner represents one of the most stable currencies to invest in, and if so, would you recommend keeping one's savings in this currency? Also, is it possible to open a NOK account outside of Norway?
Norway’s currency is strong due to its oil reserves and no you need to open an account in Norway
joebonsaipoland j
Try Swiss franc instead
Are you familiar with opening bank accounts in Togo? I may be doing business there next year.
Shaggin Olive Togo has come across our radar once but not for banking.
This is a great video.