Business ideas

5 great home business ideas for retirees

Turn your knowledge and experience into income after you retire. Here are five home-based business ideas that allow retirees to capitalize on what they know or love to make a living part-time or even full-time from home or wherever they are.

  1. Support/Advice

Just because you’re retired and out of the workforce doesn’t mean your knowledge and skills are gone too. Starting a home-based coaching or consulting business allows you to capitalize on your professional knowledge and experience. To get started, all you have to do is contact a former employer and offer to help. You can also use your network to find referrals.

  1. Writing/Blogging

People go online for information and entertainment. If you can provide what they are looking for through a blog, you can make money through various monetization options, such as affiliate marketing. If you have good information or entertaining stories, people will read what you post.

  1. Service-Based Business

Almost any skill you have can be turned into a home business. Selling these skills through a service-based home business is one of the fastest and cheapest ways to start making money from home. Similar to coaching or consulting, you can contact your former employer to offer your services. Or you access your network to find potential customers.

  1. Turn a hobby into a business

Maybe you’re tired of the tasks you used to do in your job and don’t want to make a business out of it. Fortunately, home businesses can also be grown from hobbies. Do you like gardening? Start a gardening business or create gardening information products, such as a book or online course, and sell them. Do you like to cook? Start a cookie business from home. Do you like taking photos? Start a home photography business or sell your photos online.

  1. Ebay/Amazon/Etsy/E-commerce

After years of working and raising a family, you probably have a lot of things in the house that you no longer want or need. You can profit from your used and unwanted items by selling them on eBay or Craigslist. If you find items that are selling well, you can source them from flea markets, garage sales, and thrift stores to start your own eBay store. Or, Amazon also offers the ability to sell used items.

You don’t need to be inactive during retirement. You can take your life and work experiences and turn them into a source of income. And because you’re the boss, you set the price and the rules, so you can earn income and enjoy your retirement at the same time.

BY LESLIE TRUEX

Shot FROM: https://www.thebalancesmb.com/home-business-ideas-retirees-1794513


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