suitcaseentrepreneur.com

Meanwhile Natalie had already selected her product, received samples and was in the process of getting them manufactured for shipping. In general, you want to find a product that sells for at least $20, is small, lightweight, and has a profit margin of at least 30% or a minimum of $8 USD. I had two separate product ideas that I received samples for only to be confronted with the expensive realities of shipping them based on their size and weight. and I hadn’t even settled on a product while Natalie was already making sales. 500 units of a product still felt like a large amount to me, but I knew that I could continue to grow on my sales and the few reviews that had come in.

Obtaining business financing today is harder than it has been for decades. Sadly, it’s the hardest for startups, especially those pioneering new ideas

In my opinion, it’s easier than ever to save money as a digital nomad, provided you live within your means, for the very reason that you don’t have to pay mortgages, and baseline infrastructure costs like wifi, cable, electricity that you would if you had a home base. The constant decision making and not always knowing what’s next, as it’s not always within your control. In 10-20 years – it’s happening already, there will be more hubs of people around the world who travel to be with others they like, so there will be roaming communities of like-minded nomads. It’s a wonderful education, it’s humbled me, challenged me and made me way more open-minded and respectful of cultures and people from such diverse backgrounds, to name but a few ways.