People tend to think that you have to be “old” and retired before you can hop on a boat and start traveling the world… Well, who made that rule up? No one probably made that rule up but there is a high chance that the reality for lots of people, years ago, was that you couldn’t live a life of travel and work at the same time.
Back in those days, you had to work hard, and then you could go on a vacation a couple of times out the year, but full-time travel was unfathomable… thank goodness for advancements in technology. Today, you have the ability to leave the full-time job you’re miserable at and hop on your boat and sail the world all while making money!
To be clear, we’re talking about living a life of travel, not people who only pull their boat out in the summer months. When you’re living a life of travel on a boat, you’re called a “liveaboard.” As a liveaboard, it’s important to know the different ways for you to earn an income.
Your earning potential isn’t going to be achieved in the traditional sense of hopping in your car and commuting to the office… you live on a boat. Your earning potential will come from more of a nautical means.
If you’ve been going back and forth in your mind about whether or not you should ditch your 9 to 5 and set sail for a life of travel, think no further. You can have the same, if not more, earning potential on your boat than you ever did or ever will with a 9 to 5 job. Take a look at the different ways you can earn an income while living a life of travel on your boat.
1. Teach Personal Sailing Lessons
Maybe you’re someone who’s been sailing all your life… You know everything about boats from top to bottom but you never even considered teaching sailing lessons. Well, now that you’re living a life of travel on a boat, why not share your knowledge of sailing with others?
The great thing about personal sailing lessons is that the personal hands-on approach makes your students feel more confident in learning. You also get to choose which level of learners you want to teach. There are some who know a lot but just need a refresher course, but then there are those who are beginners. Fortunately, you have the knowledge and skills to teach either, and whatever falls in between.
Now, this also depends on what type of boat you’re living in. Living on a sailboat is quite different from living on a houseboat and the lessons you teach will be reflective of that.
2. Start an E-Commerce Business
Starting an e-commerce business is a great way to earn income. Because you’re sailing around the world, this is a great opportunity to create products or find products during your travels to sell.
Maybe you’ve gotten crafty and started making nautical jewelry or learned how to make sarongs… you can make a profit off of the skills you have and sell those products online. You would simply need to create a business website to sell your items on.
If you don’t have time to personally create the products to sell, you can find a dropshipping company to work with. They’ll keep the products you want to sell in stock and handle the fulfillment for you, allowing you to make money in other ways!
3. Rent Your Home
When you know that you’re going to live your life on a boat long-term, you have the option to either sell your home or rent it out. Lots of people opt to sell their home and live off that money for a while… that’s fine but after so long, that money will run out.
The better option would be to rent out your home. This is an especially better option if your home is paid for. By renting your home out, you’ll be able to have a steady flow of monthly income. And also you could reinvest that money. Cryptocurrency is a huge trend now so you could buy BNB, Bitcoin, Litecoin etc. and it can bring you lots of profit additionally to the one you’re making.Now, the thing about renting your home out is making sure you find the right people to rent to.
Because you’re going to be gone for quite some time, you want to make sure you’re renting your home out to people who want to rent long-term, for at least a few years or so. When looking for renters, discuss the rental terms and find out how long the families want to rent your home. You can then create a rental agreement based on the length of time they may need to rent.
4. Remote Work
Think of remote work like a work-from-home job, only it’s from a boat. So think of remote work as a work-from-boat job! In case you didn’t realize it, remote work is on the rise with no outlook of slowing down any time soon.
A study conducted by Buffer states that the number one reason why remote workers enjoy their jobs is because of the flexibility it offers. As a liveaboard sailor, flexibility is right up your alley. You’re going to need flexibility in your working schedule to not only allow you time to work but also time to enjoy your sailing adventures.
Even though you’re working on a boat, you still need to maintain a healthy work-life balance. Just because you’re on a boat, doesn’t mean that you won’t get stressed over finances from time to time. Remote work allows you the flexibility to work a schedule that meets your needs. Just do a search of companies looking for remote workers.
5. Personal Cruises
Personal cruises are a great way to not only show off your boating skills but to also show tourists parts of the world the same way you see it. Personal cruises can be romantic for couples or they can be specifically for families… it just depends on the size of your boat and ultimately the type of cruises you want to give.
The important thing to keep in mind when running your boat as a business is to make sure you have enough life jackets for the max amount of people that could board your boat. Also, get with your boat insurance company to check out policies that are more fitting for when you’re operating your boat as a business. It’s going to be a totally different policy from boating for personal use. You just want to always make sure you’re covered.