Website Valuations/Lifetime Luggage Guarantees/Spending to Elite Status
Nomadico issue #38
A weekly newsletter with four quick bites, edited by Tim Leffel, author of A Better Life for Half the Price and The World’s Cheapest Destinations. See past editions here, where your like-minded friends can subscribe and join you.
Website Valuations Are Going Strong
If you’re a remote worker who is self-employed, you’re likely running some kind If you’re a remote worker who is self-employed, you’re likely running some kind of online company with a sales value. Flippa’s new report with stats from 2022 paints an encouraging picture for sellers. Crypto sites have taken a dive, but e-commerce, content, and software-as-a-service ones are fetching valuations of 2X to 8X annual profit. Both sides are making out well though with this asset class: “Deal making still looks inexpensive, with many buyers recording 25-50% annualized returns.” See the full report here.
Luggage With a Lifetime Guarantee
Eagle Creek once sent me a new suitcase to replace one I managed to wear out and another time they sent me new wheels. This week I just ordered new backpack straps from Osprey after one of mine broke. These didn’t cost me anything because the products had a lifetime warranty, with simple explanations like, “no matter what” (Eagle Creek’s) or “any bag, any era, any reason” (Osprey’s). Others you can depend on for life include Briggs & Riley, Filson, Tom Bihn, Eddie Bauer, and Red Oxx.
How the Digital Nomad Life Has Changed
Many of the interviews with digital nomads you see in major media outlets are more clickbait than substance, but this one in Business Insider is good because the subject has been at it for five years and has worked from 15 different countries. She talks about the evolution of “done for you” programs that are now priced for salaried tech workers, an $850-per-month one she tried in rural Italy, and co-working spaces that look pretty but aren’t functional. She also has good advice on slowing down and about avoiding working in Asia if you’re North American.
Buy Your Way to AA Elite Status
I reported last year that American Airlines was allowing credit card spending on tI reported last year that American Airlines was allowing credit card spending on their branded partner cards to count toward achieving elite status and I managed to get to AAdvantage Gold for the coming year thanks to this change. They offer a Citi one but it pickpockets you with foreign exchange fees (despite being a travel card). A better bet is the Barclays Aviator Mastercard because it doesn’t. You get 60K points upon sign-up after paying the $99 annual fee, and just using the card—no minimum spend. You do get free (USA only) checked bags out of the deal too.