Retirement is a much-anticipated phase in our life, but it is by no means the end of our career. Planning early for that stage to come can help us pull through it financially and emotionally. If you are approaching or have just entered this golden phase, I have some good news for you.
With the help of the internet, you can now do the things that you have always dreamed about by creating an online business. Here are 6 great ideas to help you get started.
Online Business Ideas for Retirees
(1) Freelance Your Skills
If you are still passionate about your job, the internet is the next platform that you can leverage from your existing knowledge. Whether it is business marketing, accounting or teaching, thousands of people search for freelancers online every day because they are less expensive and more flexible to hire.
Given the years of experience, you are more likely to produce an outstanding profile which can increase your chances of getting hired for a specific skill.
# Tips – This form of business is great to keep yourself occupied without too much commitment.
(2) Offer Coaching Services
Besides job skills, retirees are often seen as experienced individuals when it comes to life management and career planning. This can lead to a new business opportunity which is coaching and leadership. Even if you are not a professional, you can invest in some learning and incorporate your own personal experience as part of the coaching service.
Over the years, there has been an increasing demand for these kinds of advice online such as financial planning;
And creating a successful life.
So if you think you have something to offer in these fields, you should really go for it.
# Tips – This form of business is great if you are looking to help and inspire changes in people’s life.
(3) Offer Travel Accommodation
By the time you retired, your kids have probably moved out which can leave the house looking pretty empty. To make good use of these spaces, you can consider renting your property to travelers who are looking for affordable accommodation that has a local touch. A great way to do this is by becoming a host at AirBnb.
# Tips – This business idea is great for you to make friends with people from all over the world.
(4) Launch a Project
Have you always wanted to create something innovative? Do you spend hours researching on an idea, hoping that it would someday change the world? Well, now it’s the time to launch a project campaign, raise funds and make it happen.
I frequent Indiegogo which is a crowdsourcing platform and I am constantly amazed by what normal people are creating every day. Here are some interesting projects that might inspire you too.
Will yours be the next one? I sure hope so 🙂
# Tips – This project idea is great if you want to design and launch a new product.
(5) Start an Online Retail
Even at the age of 60, it’s never too late to become your own boss. If you have always wanted to run the show, operating your own online retail is a great way to challenge your entrepreneurial skills. There are plenty of web tools to help you out so setting up an online store or listing a local business is very easy these days. It is also something that you can do together with your family and friends.
# Tips – This business idea is great if you want to do something entirely different from your job skills and out of your comfort zone.
(6) Pursue Your Hobby
Maybe all you want to do in retirement is to pursue your own hobby. Now, find out if this hobby has a product or service that you are well versed with and can promote through an affiliate program. The Amazon Associate program is a great place to venture into this opportunity.
When someone buys the product from your affiliate blog, you will earn a small commission from the sales. Within your niche blog, you can write reviews for as many products as you wish and still work comfortably from your own home.
# Tips – This business idea is great if you are interested in a low-cost start-up and zero-inventory management.
Exciting Journey Ahead for Your Retirement…
When you think about all these business ideas. In fact, the earlier you get involved with these opportunities (even as early as your 30’s), the more success you’ll get to experience later in life. To get started, there are basically two things that you need to do;
- Create a business website with WordPress.
- Enroll in a training program to learn the basics of running an online business.
Once you develop the skills of web business, there’s really no stopping from what you can achieve online.
If you are keen to start immediately, I can walk you through the process step-by-step. Join me at my recommended entrepreneur platform here to learn more.
What other ideas do you have for retirees who want to venture into their own online businesses? Please leave your opinions and questions in the comment area below and I’ll get back to you.