Business To Start After Retirement – Yes! Of course, you should start an online business after retirement. It can be incredibly rewarding, keep your mind active and give you a useful stream of additional income. But here is my advice:
That way, by the time you retire, you’ll already have your online business up and running and earning income, so you can spend more time on the golf course or walking in the countryside. That’s what retirement is all about, isn’t it? Relaxation.
Business To Start After Retirement
In this article, I provide tips and ideas for the best online business types for retirees. Let me help you avoid some of the time-wasting mistakes I made!
Retirement Business Ideas: Become An Entrepreneur After You Retire
For me, the best businesses to do after retirement are those that allow you to work by the pool, or up a mountain, or, in my case, from my RV overlooking the ocean.
You can be a digital nomad, travel the world with complete personal freedom, and even take months off whenever you want and your passive income will keep pouring in. This is my kind of fun business for retirement, and I’ll share with you how I got it.
Starting an online business after retirement can provide additional income for the rest of your life. Not only does it make sense, but in these days of zero interest rates, it’s almost essential for many of us to survive comfortably in our later years.
There are many other benefits of running an online business into your fifties and sixties, if you do it right. (I even know people who drive them in their seventies and eighties!)
The Best Reason To Start Your Own Business? Being An Entrepreneur Means Never Having To Say ‘i Retire’ (unless You Want To)
You can build an online business without any capital outlay. All you need is your brain, your computer and a small annual fee for your website hosting.
Having said all that, what I am going to propose is not a get-rich-quick scheme. It will require hard work and a significant learning curve. But hey, nothing gives you satisfaction like something you put effort into creating. If I can do it, so can you.
Although it was difficult at the time, giving up my day job due to ill health when I was still in my forties was one of the best things that could have happened to me.
Now, 12 years later, I have two online businesses, which will be enough to survive on through my retirement life, even if I stop working on them tomorrow.
Side Business Ideas To Make Money (without Quitting Your Job) (2023)
Before I quit my day job, I dabbled as a hobby in scouring garage sales and markets for vintage items and selling them on a well-known auction site. In those days online auctions were in their heyday and it was a real buzz to see how much things would sell for. I’ve gotten some really exciting profits from bargains I’ve found.
As time went on, and I researched the ancient finds, I noticed some great blogs and websites that provided excellent information and then used that content to drive sales.
That’s why I decided to create a website about Art Deco. I first used it to send people to my online auction list, and later to an online store of my own. It was a good income and kept me going when I left my job.
Selling hard goods, especially one-off items that all had to be listed individually, was very time-consuming. I started selling some contemporary designer jewelry so I could sell multiples of the same item.
Top 6 Reasons New Businesses Fail
Still, it took up a lot of time to pack and mail, which I could have spent creating more content. I’ll explain more below about why content has been the answer to all my prayers. When you’re living with chronic illness, you need to find ways to work smarter, not harder.
But first, here are some of the reasons why starting your online business before retirement is a good idea.
So what’s the deal with content? Why is it the answer to creating a much more passive income online?
You can see where I’m going with this. To create a passive income, you need content. Here are some of the benefits of creating your own keyword-focused blog or content site:
The Best Countries To Retire In: Natixis Retirement Index
There are many ways to monetize a content website. For starters, if people come to your website and find quality information that you provide, they are pre-sold and willing to accept your recommendations. You can convert these people into customers and bring in income even while you sleep.
Obviously, you don’t want to bombard your readers with too many ads or offers. But recommending a few highly relevant products or services that solve your readers’ problems or fulfill their desires can provide you with a steady income for many years.
I hope you now see that a content-based website is the way to go for your profitable online business after retirement. And if you’re worried about not knowing what you’d find to write about, there’s a solution for that too!
Everyone has hobbies, passions, interests, skills or knowledge. Why not turn them into money-making hobbies? Even if you don’t immediately know what you want to write about, you can find the perfect niche for you.
Over One Quarter Of Omers Pensioners Work Post Retirement
Through building my websites over the years, I have met many retirees with highly successful websites on an incredible range of topics.
Some are based on their past careers, like Nick Winter, who knows everything there is to know about cement.
Others have based their websites on hobbies such as crafts, collecting sea glass, cooking or nature. If you’re good with your camera, check out these six photography business ideas.
Many have built travel sites about places they love to visit, or even their hometowns like Marylyn’s wonderful “Family Getaways Melbourne.”
Financial Independence, Retire Early (fire) Explained: How It Works
Some couples have even started sites together, like Tom and Rhonda, who took the history and stories about their home on the island of Orkney and turned it into a profitable business.
Why not get started right away with this “Free Retirement Mini Course”? Find out what it takes to become a successful solopreneur and whether it’s right for you. A prosperous retirement may await you!
Lesley Postle is a Sitesell Pro specializing in eBook formatting and publishing. Her journey with Solo Build It! started her first website Decolish.com in 2009 based on her passion for the Art Deco style of the 1920s and 1930s. Later, in 2012, together with her mother, a health professional with more than 45 years of experience, GriefandSympathy.com was born. This site helps those dealing with any form of grief and loss and has become one of the leading grief sites on the internet. “Our grief website has made my mom so proud and given her a purpose in her retirement. The fact that my websites will also pay for my retirement is an added bonus.” is how Lesley now talks about her online journey.
No product is perfect for everyone. We just want you to own SBI! if that’s right for you. You probably feel the same way.
Should You Use Your Retirement To Start A Business?
No ifs, etc or mars. There is no “fine print”. You can be 100% absolutely, positively sure that we will honor this guarantee.
Since 1997, SiteSell has built a rock-solid reputation for honesty, quality and service. We work with individuals of all ages (
), higher education institutions, existing businesses of all sizes and suppliers who all know we mean every word we say.
If you ever feel that we have not lived up to this promise and warranty, report it to us on the Solo Build It! Facebook page in front of our fans and happy customers. Retirees have experience to draw on and wisdom to share. Starting a business in retirement lets you generate a side income with flexible hours and business control that works for you.
Never Had A Pension At Work? This Money For Life Product Offers 6.15 Per Cent Retirement Income
The average retirement age in the U.S. is about 63 for women and 65 for men, according to Boston College’s Center for Retirement Research.
But a growing number of Americans are still working well past the average retirement age. The U.S. Bureau of Labor Statistics estimates that the number of workers between the ages of 65 and 74 will grow by 4.5% annually between 2014 and 2024, compared to an annual growth rate of less than 1% in all age groups younger than 65.
The nonprofit RAND Corporation found that about 40% of workers over 65 had previously retired but decided to return to the workforce.
If you want to continue working into your retirement years, but you’ve had enough of working for someone else, you can try starting a business. We’ve compiled several unique retirement business ideas and detailed how much they might cost to start and what level of involvement you might need to sustain your business.
Starting A Business In Retirement
Emerging entrepreneur statistics show that the landscape is changing. According to the Global Entrepreneurship Monitor, a large share of Americans between the ages of 55 and 64 (13%) and between the ages of 65 and 74 (6%) started new businesses in 2019.
They did this for several reasons. Among those aged 55 to 64, most (64%) started businesses to make a difference in the world. Among those between the ages of 65
How to start retirement process, businesses to start in retirement, using retirement funds to start a business, how to start retirement fund, how to start retirement, use retirement to start business, how to start retirement planning, how to start retirement savings, when to start retirement planning, how to start retirement account, best business to start after retirement, using retirement to start business