Now, instead of working with a resort that was giving me 25% occupancy and pocketing half the rent, I was maintaining 85% occupancy and keeping all the profits.No matter what age you are or where in the world your dream takes you, you too can make your dream vacation rental a success.
Laying under a palm tree on a tropical beach is a fantasy many people only act out during vacation or retirement. Sure, we would all love to live in paradise long before our twilight years, but, so the thinking goes, it’s far from feasible. Not so. In fact, more and more hard-working North Americans have begun to redefine their life parameters and are moving abroad to exotic locations before retirement. How? By opening businesses that support their lives abroad in the country of their dreams.
These days, Michael Hayden is often found strolling the colorful, cobbled streets of his adopted home, Granada, one of the oldest Spanish colonial towns in the Americas. “There’s no other place like Granada. It has a solid center…you can walk in any direction and see beautiful homes. You have impressive Mombacho Volcano in view over the streets and a steady flow of breezes from Lake Nicaragua,” says Michael.
Tired of the risks and weary of working for someone else, Craig dreamed of opening his own beach bar. "I was sick of jumping out of bed each day to an alarm clock and fighting the crazy traffic. And each year, when the weather began to turn in the fall, I found myself wishing for the warmth of a tropical climate," Craig says...
If you like the idea of effortless income, this is probably the simplest idea we've come across yet. In the time it takes you to have a cup of coffee, you can notch up $5 to $10 doing something that comes easily to you. (Or even more once you know a few tricks.) It's called the microgig.
Claire Ross had a great idea...no experience...and a small investment. It was all she needed to set up a bar in the beach town of Coronado in Panama. "When I first moved here, there was nowhere to hang out and...
I discovered the potential of ecommerce 14 years ago when I started my online maternity store...from my kitchen table. At the time, I was searching for a business that offered me the freedom to work from anywhere and the flexibility I needed to care for my young children after my husband was diagnosed with cancer. I found it in ecommerce. In its first month, my first site brought in $7,000. I was ecstatic. And it grew from there. I turned my online business into a multi-million-dollar business in a short amount of time.
When Edward Shelton worked as a journalist, he had no idea how to make a pizza. In fact, it was the furthest thing from his mind in the years when he lived between London and New York. Today, he owns and operates a pizza restaurant and B&B in the coastal Chilean city of Valparaíso, known for its hills, colorful homes, and bohemian vibe.
Vikki Gold from Colorado is delighted with her move to Costa Rica. "I love it here. I'm at peace. There's beautiful scenery, a great climate, and so much wildlife. It's our little paradise," she says. She came here just over a year ago after she and her daughter, Hollee, bought and renovated a boutique hotel in the jungle.
Today, starting a business on a shoestring from the kitchen table is much easier than it was 30 years ago (and even as little as five years ago). If you're looking for a way to make a healthy side income or completely replace your current income stream, I can't imagine anything that carries such low risk and such little investment as an online business. And, once you get up and running, you can even manage things from your smartphone without being tied to the office—or kitchen table—at all.