As Americans live longer, many people are looking at a retirement that could last 20 to 30 years. But how do you ensure that your nest egg will last that long?
For many retirees, the best answer is finding legitimate online work at home opportunities.
I want to show you my very favorite online business that any retiree can start to bring in extra income while still enjoying a carefree retirement.
Why Online Work Is Ideal For Retirees
The ideal way to bring in extra money in retirement will be different for everyone because each retiree’s needs and abilities are not the same. Here are some things you’ll need to consider:
- How much time do you want to spend on it?
- Will it curtail the activities that you enjoy doing, such as traveling?
- Will it require physical tasks that may get more difficult as you get older?
- Will you still have plenty of time for your family and friends?
- Are there opportunities close to home or will you have transportation expenses?
- Are the opportunities available that you’ll enjoy?
- Will you earn enough income to make it worthwhile?
Trying to find a traditional part-time job that will work with your retirement goals can be difficult, to say the least.
But an online business that you can run from home is the ideal solution for many retirees! Consider these benefits:
~ Time–You can spend as much or as little time as you want working on your online business. Keep in mind, the more time you spend, the faster you can make it profitable and the more money you can earn.
For that reason, many people start their online business in their spare time and get it making money before they actually retire!
~ Travel–You’ll be able to take care of your business anywhere you can take your laptop and have an internet connection. No more trying to fit your travel plans around the time a boss schedules you to work.
~ Physical Ability–Anyone who can work on a laptop can run their online business. So you won’t have to worry that as you age, you may not be able to do the tasks required with a traditional part-time job.
~ Schedule–No more missing your grandson’s soccer game or an afternoon outing with your friends. There’s no one scheduling your working hours but you!
~ Commuting–One of the benefits of retirement that most people look forward to is no more commuting back and forth to work. By working at home with an online business, there’s no commute, no transportation costs, no traffic jams, no stressing about getting to work on time–a huge plus!
~ Enjoyment— What are the odds that you’ll find a part-time job that fits all of your other schedule and location needs as well as enjoying all the tasks you’ll be required to do? If you can find that perfect combination, you’re very lucky!
With an online business, you’ll choose what topic, called a niche, that your site will be about. You can choose anything that you’re passionate about or interested in. So you’ll always enjoy what you’re working on!
Hopefully you can see just how beneficial it can be to create an online business. So now let me tell you about my favorite business model that anyone can start immediately for free!
The Business Any Retiree Can Start Today
The business I recommend for retirees is Affiliate Marketing! This a terrific business model that anyone can do regardless of their education and background.
You don’t do any selling, there’re no products to buy for resale, you do not have any inventory or deal with suppliers, and there’s no customer service problems!
Basically, what you do with affiliate marketing is give people information on a website in the form of reviews, informative articles, and how-to guides.
Within this content you’ll talk about products you like, things you do, services you use, etc., and provide links to refer your visitors to the retailers where they can be purchased.
If any of these referrals purchase something on the retailer’s website, you’ll get a commission! The amount of the commission depends upon the affiliate program that you’ve signed up with.
The most popular is Amazon, where you’ll receive rates that average around 3%-8%. But there are many affiliate programs that offer a commission rate as high as 75%-85%, as well as those who pay monthly commissions for as long as your referral is their member.
Affiliate programs also keep track of your referrals for a specific length of time, which can be anywhere from 24 hours to lifetime. This means that you’ll get paid even if your referral leaves their site and comes back later to make a purchase!
I know a lot of you are wondering what you could provide information about on a website. The answer is pretty simple–anything you want to!
The topic of your website is called your niche, and you can literally make money from any niche that you choose.
What are you passionate about? What are your hobbies? What talents do you have? What are things that you’re really interested about learning yourself?
The one thing you need to know is that you can make money with any niche. For more info you can check out What Is An Affiliate Marketing Niche, and How Do I Choose One?
OK, but just how much money can you make with affiliate marketing? That’s what we’ll look at next!
How Much Income Can You Earn?
The amount of money that affiliate marketers make will vary with each individual. Realistically, it 100% depends upon how much effort and commitment you’ll be willing to put in.
Since your business is totally under your control, naturally the amount of time you put in will determine your results in a big way. So that means that you can literally make as much or as little as you want.
There are a great many affiliate marketers who are able to make a full time income, with a lot of them making $100,000+. So your potential income is limitless!
Now I want to be sure that I give you realistic expectations about the time it can take to start making money. In order to earn commissions, you need to get traffic to your site, and that takes time.
The majority of new marketers won’t make money the first few months and won’t make consistent income during their first year. That’s a major reason why many people start their business and get it profitable before they retire.
For a good guideline that will give you a realistic idea of how long it takes to start making money, check out our video below:
OK, you now know that affiliate marketing is a great online business with the potential to make a great deal of money.
But how do you learn how to do it? Next, I’ll tell you about the program that taught me everything I needed to know to make money every month!
#1 Recommended Training Platform Is Free To Start
This platform is my #1 recommendation for 3 reasons:
- It’s an amazing value
- It’s completely free to try out
- And it WORKS!
The program I’m talking about is Wealthy Affiliate, and it specializes in teaching you how to become a successful affiliate marketer.
Wealthy Affiliate is a world-class platform that gives you step-by-step lessons in every aspect of building your business. These lessons are created for specifically for beginners and will encompass every part of starting your site, creating content, and monetizing it for profits.
Not only will you get powerful WordPress websites, they’ll have full security packages and excellent functionality for a great visitor experience.
But I think the best part of their platform is the incredible community of affiliate marketers that you have access to. I’ve learned so much from the experienced marketers who answer questions and offer their guidance and knowledge–which they do freely and frequently!
I now have 6 websites hosted with Wealthy Affiliate and absolutely love working at home with my online business!
There are 2 memberships available–starter and premium. You can sign up for the starter program completely free of charge, they don’t ask for a credit card.
You’ll get one free website, the first 10 lessons, and access to the community. This membership does not have a time limit, so you can use the program and really see if it will work for you. This is a tremendous benefit!
If you’re like me and see the potential of an affiliate marketing business with Wealthy Affiliate, you can sign up for their premium membership for just $49 a month.
The benefit of this membership is awesome–10 websites, full access to thousands of lessons and videos, weekly live training, access to the owners, and much more.
You can read my full review for more details and see everything they have to offer!
Legitimate Online Work At Home Is Great For Anyone
An online business is the ideal way to earn income for retirees, but it’s great for anyone who wants to make extra money and work from home.
Affiliate marketing is the perfect business model for beginners and the potential earnings are only limited by the time and effort you’re willing to put in.
Do you have any experience creating an online business? I’d love to have you share your thoughts or any questions you may have in the comments below!