Published on June 12th, 2012 | by Ivan Widjaya0
Considering Geoarbitrage? Here are 5 Resources to Help You Out
Geoarbitrage offers many benefits for you and your business. In this blog post I would like to share some of the must-visit resources for those who are considering geoarbitrage, enabling you to leverage your resources so you can have more time to do what you love, work on more important business tasks, or even live and run your business virtually from great places on earth.
What is geoarbitrage, anyway?
The term and concept of geoarbitrage was made popular by Tim Ferriss in his The 4-Hour Workweek book.
Geoarbitrage can be defined as a way to cut costs and gain free time by leveraging resources available, including but not limited to outsourcing tasks and business functions, living in a region where cost of living is lower, and any other ways to access resources that cost you less to acquire.
Geoarbitrage is for anyone, really… in term of entrepreneurship and business ownership, geoarbitrage allows you to live and run your business from a place where costs of living and quality of life are desirable. To do so, you need to establish a virtual office and embracing mobile and cloud technology.
Why you should consider geoarbitrage
There are many reasons why you should consider geoarbitrage – here are some of them:
- Better quality of life, better work-life balance
- Lower cost of living, means more you can do with your ‘excess’ income
- Explore new places, enjoy local culture
- More business profits
- Less resources required to maintain an office and employees
- Building a flexible and agile business
- Freedom to live and work as you wish!
Resources to help you adopt geoarbitrage
So, if geoarbitrage interests you, your next step would be finding resources that can support both of your life and business. There are plenty of resources you can access to help you in your geoarbitrage endeavor – here are 5 of them:
Still considering which country to live in? Try Numbeo; the site is a free database of user-contributed data about cities and countries worldwide. You can find out and compare about cost of living, quality of life, health care, crime rate, and so on.
Freelancer is one of the biggest freelance marketplace from which you can hire and employ freelancers who have expertise in many areas, especially in IT. You can hire a programmer, social media marketer, copywriter, and many more.
3. Your Man in India (YMI)
Based in India, Your Man in India aims to help people with anything in India. The company offers personal and professional services, and basically can help you with almost anything. Just read this outsourcing story on Esquire written by A.J. Jacob, an American journalist and author, and you’ll learn that YMI is not only works for Indians – the company’s client base is truly worldwide!
4. Get Friday
Get Friday, a sister division of YMI, is a remote executive assistant service (virtual assistant) helping you to outsource your time-consuming and tedious tasks, freeing your time to do what’s important in your business (and life!)
5. My Blog Guest
As a blogger, I have the utmost respect to My Blog Guest, a meeting place for blog owners and bloggers. If you need fresh insights, or simply don’t have time to blog about anything but you don’t want to spend a dime on hiring someone, My Blog Guest is for you – you can search and publish authors’ posts free of charge in exchange for a promotional message and/or a link or two to the authors’ URLs.
So, how about you? Are you ready to outsource your life and live like a proper mobile bohemian? Or, are you actually a digital nomad who is actually living in geoarbitrage way? If so, please share your resources here
Image: Francois Schnell / Flickr