The question that I get asked the most is why I promote starting an online business as a big part of my early retirement plan. It’s because most people need a source of income other than their savings to reach their goal.
USA.GOV states that people in the US live an average of 20 years after retirement. If you want to retire early, you could be looking at funding a 30+ year retirement!
So an online business could give you the needed income before and during retirement.
The fact is that the benefits of an online business make it one of the best after retirement jobs you can have. Let’s see why!
Work From Home–Bye Bye Commute!
Anyone who has commuted to a job knows the hassles that you face every time you head to work and come home again.
I’ve had to drive an hour and a half each way before, and I know many of you can identify with how difficult that can be!
After you retire, you don’t have to commute to your regular job anymore and won’t have those transportation costs.
However, lot of people want or need to have another source of income in retirement to help keep their nest egg intact.
If you get a part-time job, you’ll want to stay closer to home, but that limits your job options.
But, start an online business, and you will be running it from the comfort of your own home. Let the snow fly or the rain come down–it won’t bother you a bit!
You Can Run Your Business Anytime/Anywhere
Once you retire, you don’t want to be tied down. You don’t want to plan your travel or your family time around the schedule of a part-time job!
But you can be as flexible as you want with an online business. You can work any time of the day or night, so your business will revolve around your schedule, not the other way around.
Want to take a vacation or go visit your children for a few days? No problem! As long as you can take your laptop and have access to an internet connection, you can run your business.
You’re retiring and deserve to do what you want to do. But if you have to tie yourself to a part-time job in order to make some extra income, you’ve limited how much you can enjoy the time you’ve looked forward to your whole working life!
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Turn Your Passion Into Profits
Whenever I thought about my retirement, I always dreamed about doing the things I didn’t have time for when I was working full time.
I also knew that it was possible to take those hobbies and passions and earn extra money during retirement.
What I wanted to do was spend a lot more time with grandchildren, my dogs, work in my vegetable garden and orchard, and create more woodworking projects.
Unfortunately, I couldn’t really figure out how to make a consistent income with any of those activities without them becoming more work than I wanted to do.
So that’s where my online business came in–blogging! My first blog was in a niche about dogs and was inspired by an injury my German Shepherd had.
The site was monetized with affiliate links to products on Amazon, and I realized how much I enjoyed the whole process.
I now have 6 sites, all of them based upon an interest or a passion of mine, and retired early. My online business allows me to do all the things I dreamed I would do when I retired!
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Not Physically Demanding
How many people work physically demanding jobs? When my girls were young, I worked at a polyethylene plant on a rotating 12-hour shift that rotated from days to nights.
We had to climb towers, turn heavy valves, clean out tanks, and more, and the whole thing was very challenging physically.
So when I started planning my early retirement and looked at my options for another source of income, I knew it had to be something I could do as I got older.
Even if I developed physical conditions that meant I couldn’t walk far or started having back problems, for example, I would still want to be able to earn income.
When you’re running your whole business from a computer or laptop, you don’t face the same physical challenges that you do with other jobs.
With an online business you could be making money well into your retirement–no matter how old you are!
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Unlimited Income Stream Is Possible
So how much money is possible? That’s one of the beautiful things about your own online business–your income is only limited by the amount of effort you’re willing to put in!
My best tip for you–start your business now and get it profitable before you’re looking to retire. Not only will that ensure that you will have the income in retirement, but you could also retire much earlier than you think.
Check out this video about How To Make Money Blogging About…..Anything!:
With my affiliate marketing business, not only will I make money for years to come from sites that I’ve created now, I know that I can literally earn a full time income.
There are online marketers earning $100,000+ and more each year, and they started as a newbie just like you!
See My #1 Platform For Starting Your Business
Keep in mind, you’ll need to be aware of how many scam programs there are. No matter how good something sounds, you can’t make consistent, long-term income fast or by a few clicks of the mouse for 15 minutes a day.
So be aware of anything that sounds too good to be true!
If you want to see the platform that I use to host all my websites and get training for how to start my business, you can read the full review of Wealthy Affiliate here.
I learned everything that I needed to know about creating a successful online business with Wealthy Affiliate
With 2 free websites on a world-class platform, an active community platform, and top rated training in their starter membership, you can get started today–with no credit card required!
Start Your Business Today!
I will always promote starting an online business as one of the best after retirement jobs out there today. With all the benefits that I’ve outline above, you can see that anyone can earn an income to retire early and keep that income stream throughout your retirement.
Plus, this business would work for anyone who wants to work from home or make extra money–not just for those looking to make money in retirement.
Are you looking for an after retirement job? Want to retire early? Hoping to earn income while you work from home? Then let us know what you think of starting an online business in the comments below!
I’ve met a couple who spend their lives now traveling to places in the Philippines doing missionary work. I asked them what supports their expenses and they said, it’s online business. That got me curious and sent me on the Internet looking for a business I can start also. With proliferation of scams online, I am quite skeptical of the offers I see and since this site of yours look legit as you have reviewed dozens of opportunities, maybe I will just take your recommendation of joining Wealthy Affiliate.
It’s very smart to be skeptical of any make money online program! I have reviewed many and still have a hard time understanding how there can be so many low quality or scam systems out there.
One of the best features about Wealthy Affiliate is that you can become a starter member completely free–they don’t even ask for a credit card. You get to see the features, try out the training, and get to know the community and what they offer. If it looks like it’s a fit for you, $49 a month is an awesome value for everything you get!
Good luck, and look me up at WA if you have any questions or need help with starting your first website!
Thank you for this great post!
Let me start off by saying, I’m not retired yet but I’m hoping to be so soon and I’m starting this process now.
I love the benefits it offers, most of all, working from anywhere. Although, making my passion my business is a close second.
I’m actually already using your recommended platform, Wealthy Affiliate, and I can attest to its training, hosting and community.
To anyone reading this post, do yourself a favor and sign up for the free Starter account. It won’t cost you anything to check it all out and, if you decide it’s not for you, all it cost you was a little time.
Thanks again,
Scott
Thank you so much for sharing your thoughts with my readers! Making money online takes time, so the sooner someone gets started, the faster they’ll learn and become profitable.
It’s good to know that you are having a good experience with WA, and I wish you every success!
I whole heartedly agree that an online business is the best job for retired individuals. When I retired I needed extra incone and got a part time job. Since I have found Affiliate Marketing, I wish I had found it many years ago.
The benefits you described are spot on. Our mobility and desire to go out of the house drops the older we get. Hence, working at a business using ones computer is the perfect way to add some extra money to supplement any pensions we have. I checked out your sign up page for a free account with Wealthy Affiliate and think that is a superb idea.
Thanks for sharing this great opportunity.
All the best to you.
Edwin
I appreciate you stopping by and sharing your thoughts–all the best to you as well!
Wonderful article and was very easy to follow. I have three websites right now myself I am not retired yet but that is the end goal. Your video I got a few tips from especially on keyword placement within your article you made it sound so easy ! Besides amazon is there other ways to make money from your websites?
Definitely! In addition to many other affiliate programs available for any niche, there is advertising and other ways to make money. You can read my blog post that details 5 great ways to monetize your sites at How To Monetize A Website–Are You Leaving Money On The Table?
Thank you for stopping by!
I really love that I don’t have to commute to work anymore. I made a conscious decision a few years ago that I was going to make money purely from my passions, talents and interests, and that is what I have been doing ever since. I will admit, I am wearing many hats, but little by little I am learning to streamline in order to find more flow with it. I agree with all your points about the benefits of having an online business. The one thing I would say though, that even though it is not physically demanding compared to many other jobs out there, in my experience it has become physically demanding in another way. For example, the hours of sitting can take a toll not just on your physical health, but also mental health. It becomes more important than ever to be conscious about staying fit once you start and online business and transition into doing it full time. My posture has suffered and have had more aches and pains in lower back and neck. So, I have stepped up m fitness and over all movement to combat this. I think it is something that is not talked much about in the online space, but it can eventually have in impact on your bottom line if you are not conscious about it. But, other than that, it is great! I’d choose it over having to constantly negotiate with a boss any time. 🙂
That’s a great point to bring up! Sitting at a laptop a lot more can definitely impact your overall health if you’re not staying active other ways. I have 2 white German Shepherds who love to go run on our property, and getting out with them every couple of hours or so has really helped me along with more time on the treadmill.
You’re right, it isn’t something that gets brought up very often, and I appreciate you taking the time to comment!
Nice post. Online jobs are very very good for the retired ones. As you said it is not physically demanding and it revolves round almost everything else in your life and its enjoyable especially when your online business is based on what you love doing. So it would be as good as having fun and making money. Thanks again for the post
You’re welcome and thanks so much for stopping by!
Thanks for this future reference, as though I’m not yet the age of retirement but this post is indeed preparing me for a better retirement online business without stress. As seen in your post nothing beats the fact that owning an online business will definitely eradicate stress of finding a retirement job. I honestly find this post very helpful.
One thing to think about is that starting an online business could help you to retire earlier than you thought you could!
Hi Janelle, Thanks for this article. I have an aunt she is about to retire and I have been trying to convince to start an online business because i don’t want her to be like retirees who don’t have an after a retirement job. She loves fashion and kids and I’m trying to get her to start a blog on it with wealthy affiliates. I hope showing her your article will be enough to convince her.
With fashion and kids as 2 of her ;passions, she could find a great niche for a blog so easily! It’s the best after retirement job there is and is so enjoyable when you choose something that you really have an interest in. Good luck!
My father is currently looking for something new to get into as he gets really bored throughout the days, he’s not the type to just sit around and watch movies all day long!
He’s never taken on any form of marketing at this point, so how hard is this sort of thing to learn? What’s the learning curve like?
An online business like affiliate marketing is not hard to learn as long as you have the right information to start. I recommend that he read my blog post Is Affiliate Marketing For Beginners? If he thinks it’s something he’d like to do, there’s a link to sign up for the free starter program and check things out!
I absolutely love this insightful article because it is full of great information. This is fascinating and intriguing to meYou did an excellent job of providing education and resources; The article was well written and easy to understand. I am just getting to kmow most of these jobs and i can say they are eye opener for me.
Thanks for your indepth analysis
You’re welcome! Thank you for taking the time to stop by!
I am too young to retire but I definately want to quit my boring day job while finding alternative ideas I found your website and thanks for sharing such cool ideas. I like the idea of work from anywhere anytime. I twould be a dream career for any age group and becoming your own boss is somethant that I always wated. Thank you for showing me the path to freedom.
An online business truly is a dream job for many–including me! You can start it any time and may find that you can retire earlier than you ever thought possible. Good luck on your path to freedom!
Hi Janelle, your article is spot on. I’m a way off retiring myself, but I’ve started a couple of blogs and couldn’t agree with you more. There are so many benefits of having an online business at any stage and especially at retirement. Making a blog work for you is a bit of job, so it’s good to start early, learn the skills, and start building websites. Hopefully, I’ll never have to return to a regular style job:) I’m going to forward this article to my fiancé — he’s older than I, and is already finding his physical job too demanding. If I could just get him to start blogging with me, we could travel the world:)
If the two of you could blog together with no regular job to tie you down, that would be amazing! Good luck with your blogs and congratulation on your engagement!
Interesting article Janelle,
I have been researching the online business opportunites for a while now and I have tried CPA marketing but I didn’t like it as it requires a lot of paid traffic and testing and optimizing. And it doesn’t really build a brand.
I have been thinking of starting a blog to do affiliate marketing through reviewing products, but I don’t know what niche to go after.
I am an Electrical Engineer and I am a certified Yoga Instructor. I like both fields but I am really done with driving everyday back and forth as you mentioned above.
I want to turn one of the two fields into an online business through affiliate marketing. But the problem is that I don’t know how feasible it will be and which niche of the two should I go after.
If I join Wealthy Affiliate, should first decide which niche to choose, or can I first start the training and then I will decide?
Looking forward to hearing your feedback and thank you in advance!
Amjad
The great advantage of Wealthy Affiliate’s Starter membership is that you can join for free and get great training on how to start the process. Tips for choosing a niche are part of that program, and you’ll get good guidance on how to decide what niche is right for you and how to narrow it down as well.
If you’d like, you can also read my blog, What Is An Affiliate Marketing Niche And How Do I Choose One?
Thanks for stopping by, and let me know if I can be of any more help as you start your online business!
Great article. Online jobs are an amazing way to work with flexibility. The hours are when you want and you can work from anywhere. However, it takes a lot of time and effort, especially in the beginning. Its no get rich quick scheme. If you work hard continuously you will see results but then again you have to be motivated enough for such a job! I love my online job, but I’m not gona lie, it has its ups and downs like every job!
You are exactly right about an online job taking time and effort. I recommend to everybody who is interested in having one that they start it now and get it profitable before they retire. It can be done on their own schedule, even if they only have a little bit of time each day. It will take longer to make money, but then they can truly enjoy passive income in retirement!