I had made a few trips out of the country (USA) when I realized that the only reason I came back to the states was because I ran out of money. It was then when I decided that I have to do something in order to keep traveling.
There are a number of ways that people make money without a 9-5. At first, I was looking into ecommerce (an online business) because of the flexibility I would have and I knew I would be able to take my laptop with me and work wherever I went. I have read much about becoming a Digital Nomad and the benefits of being able to travel and work while doing so. Also, the perks of dropshipping having low overhead and low start up costs made it a no brainer. Great! Not really.
It wasn’t until I began thinking about the longevity of the industry. Most dropshipping companies or websites typically sell in central area, in my case, it would’ve been the USA. But I began thinking……. what happens when the economy fluctuates? The answer is simple – so does your revenue. There are ways to mitigate the loss of revenue and risk, but regardless, the nature of the business generally parallels the health of the economy you’re selling in.
… and so it began, my mentorship with a very humble, international business Guru who has been exporting American Branded products for 25 years, Vadim Fiddle. What I came to find out is, International business by nature, allows an individual to trade internationally with clients in different markets abroad, what does this mean? Much like investing in a number of different stocks, if one country’s economy plummets, business in other countries should still keep you afloat. What also made me had an aha moment was when I began thinking of who your market is – it’s not just the USA, it’s 200x bigger, the world. At the end of the day, you are diversifying your risk by placing yourself in a position where economical circumstances shouldn’t substantially hinder your business. While I still love the idea of ecommerce, I felt that the same attributes of ecommerce transition nicely to importing and exporting. You still have a supplier, you have to find buyers, but your market is substantially larger and you diversify your risk from square one. The only difference would be dealing with the transporting of goods and clearing customs, which can be an animal in itself.
Due to longevity purposes, I felt that international business is the key for self-reliance and individual freedom. It is one of the oldest industries and has been around in the form of bartering since the beginning of mankind. Also because of how easy it is to get involved in the industry, it makes it very enticing (as long as you are not dealing with highly regulated products like weapons, alcohol, agriculture, chemicals, etc). You also don’t need a degree or any certifications to my knowledge. This allows anyone to jump right in.