Traveling around the Philippines is a thrilling experience. Spread out over 7000 islands, you can backpack through the country and witness many spectacular and otherworldly scenes. Enjoy places like Manila, Davao, Subic, Palawan, Cebu, Makati, and Dumaguete City, to name but a few.
If you want to take your time experiencing this magical place, you may be considering working abroad. Thousands of travelers are enjoying the beauty of the Philippines while remote working and exploring other ways to make money. This lifestyle gives you enough time to explore the entire country at ease without breaking the bank.
In this guide, we take a closer look at some of the best ways you can make money while traveling around the Philippines. One of the ways you can make money while traveling around the Philippines is by investing in forex. Foreign exchange investments allow you to trade one currency for another.
You can buy and sell currencies in pairs and profit from the changing exchange rates. Trading is easily accessible; all you need is a mobile phone and internet connection. In the Philippines, you can enjoy forex trading with international brokers, as the Philippines’ Securities Exchange Commission has taken a negative stance against forex trading.
You can consider trading with a Singapore forex broker that is well-regulated and reputable. The best forex pairs for investing in the Philippines involve GBP, EUR, and USD. Beginners in the Philippines can consider investing in bonds.
Bonds are a stable, low-risk option that involves lending money to corporations or the government in exchange for interest payments. Bonds in the Philippines can be provided by the Philippine National Bank . As for mutual funds, this has a more collective approach to investments.
Individuals pool money together, and a professional manages the portfolio of stocks, bonds, and other assets. It’s a good option for investors in the Philippines since it provides diversification. There is a strong freelancing community in the Philippines, with as many as 1.
5 million people working freelance. Skilled travelers can use platforms like Upwork, Fiverr, and Freelancer. All of these can be used to find freelance gigs that would supplement your income while traveling.
When freelancing, you can provide services such as copywriting, web development, graphic design, and digital marketing. Freelancing provides flexibility, increases your earning potential, enhances autonomy, and gives diverse opportunities. As long as you have your computer, electricity, and internet connection, you can work from anywhere.
Teaching English to people online is another popular remote working gig. Some employers might require a teaching background, but early graduates and students can also consider tutoring students in English. There are different platforms available to Filipino students and teachers who want to learn English.
You can simply sign up to be a tutor and be included in the roster of tutors. This allows you to teach others wherever you are, making it a suitable job choice when traveling. These tutors usually charge up to 2,000 PHP per hour, especially if you have a background in English.
Affiliate marketing is another way to earn money online in the Philippines. Affiliate marketers can use different social media accounts or online blogs to make money. This involves selling or promoting products of other companies.
If you generate sales, you earn money and can get a commission from the company. It usually works by posting purchase links for customers and receiving a commission on every purchase. Affiliate marketers make engaging videos, blog posts, and other content to convince consumers to purchase.
For those traveling around the Philippines, content creation is one of the most famous ways to make money, especially on YouTube channels. As you move around, there’s no limit to the content that you can create for others. If you enjoy photography or videography as a pastime and hobby, this is an excellent choice for you.
For instance, on YouTube, if you meet the specific requirements, you can include pay-per-click ads on your channel. This can allow you to earn as people watch your videos. Content creation can also be combined with affiliate marketing, allowing you to create content based on the products that you are marketing You can’t own a physical shop when traveling around the Philippines, but with online stores and dropshipping, you can provide customers with quality products wherever you are.
The e-commerce market in the Philippines reached $17 billion in 2021. Dropshipping allows you to sell products without having them in your hand, so there’s no need for a warehouse or inventory. You can simply get suppliers, create an online website or social media store, and popularize it.
Whenever customers place an order, you send it directly from the supplier to the customer, allowing you to enjoy your travels and still sell products online. The Philippines not only presents boundless opportunities for travel but also earring potential for remote workers and digital nomads. Whether in the comfort of your hotel room, a vibrant coffee shop, or on the beach, there are many avenues to explore when working on-the-go in the Philippines.
If you have any skills, forex trading and freelancing are strong career routes. It’s important to assess all the options before choosing the best way to make money while being a digital nomad in the Philippines. So, think about your skills and the lifestyle you want to lead, and happy traveling!.
