Retirement can be daunting when you consider that the paycheck you’ve gotten used to for decades is about to cease. Most retirees who return to work actually do so for this reason. They are concerned that their financial status would get worse because they’ve bid goodbye to their careers. But things don’t have to be that way.
We live in the Information Age, and as such, have access to means that can remove that concern from your life as a retiree. You do not need to run back to work for fear of losing your livelihood, provided you are conscious of “opportunities” around you. This is a reality of the world we live in, and it’s accessible to everyone – including you.
In this article, I’m going to explore seven income opportunities that you can exploit after your job says “no” to your age. There are more of these retirement income opportunities online, but I’ve picked these seven based on my personal experience with them. They can ensure that your finances remain afloat after you’ve retired.
1. Remote Jobs
The reality of today’s world has made jobs accessible right from your home. You don’t have to commute daily to get to them. Since the outbreak of COVID-19, a lot of former onsite employees are now performing their roles from home. No wonder why remote job portals and searches have exploded in the past couple of years.
So, in case you do not have a problem with continuing doing a “job”, then you could get a remote one after you retire. It could be the same as the role you performed before retirement or something else. Just consider the new experience as a kind of move to a new job as you know it in everyday life. Online platforms specialized in the remote job postings include
You have experience from all those years you worked, don’t you? Well, that can be used after your retirement. There’re many out there who are in need of your expertise, your experience. And they’re willing to pay you for it. You can begin to “sell” your expertise to such persons. Not only will you be earning an income from doing so, you’ll actually get much joy from realizing that you’re helping others to build their success.
Your role as a consultant will not be different from that of everyday consultants you know. Just that the means to use differs. Whereas offline consultants generally work face-to-face with their clients, you will have to use modern tools made available by technology, the internet being the framework for such endeavor.
Like in the case of many other forms of services provided online, you have two main options to build a consultancy business. You could use a consultancy “marketplace”, or build a website of your own.
Freelancing is somewhat like consultancy, but in this case, you’re not providing advice. You are hired to perform specific tasks; you’re the one doing the work. Marketplaces such as Fiverr, Upwork and Freelancer all provide the necessary environment to get you freelancing. These platforms serve as an intermediary between you and potential clients, and work is usually obtained at the end of a bidding process. In exchange for using their platform, these websites retain a certain percentage of the earnings of freelancers.
Success in freelancing is based on reputation. As such, the biggest challenge is usually to get your first client. A tip to apply as a new freelancer is to charge low rates as compared to others. Once you’ve landed a client, just strive to perform quite satisfactorily. Mechanisms such as scoring system, recommendation, stars, and the like which are meant to identify well-performing freelancers will make you get new clients more easily.
Blogging is another potential retirement income opportunity online. First, you’ll need to identify a subject area to blog about. It’s called a niche. Then you create your blog, and begin to upload relevant posts for some time to allow the blog gain traction. Once it begins to get a steady amount of traffic, you can monetize it by various means.
Blogging may not produce income in the short term, but when it is properly carried out, it could lead to substantial income in the long term. To be successful at blogging, you must have the will to write and passion for the subject area you’re writing about.
I guess you’ve watches videos on YouTube. With a platform like YouTube, you do not always remain a spectator – unless you want to. You could become an actor by making videos and get paid for doing so. There are requirements to meet to begin to get paid. Once you achieve what’s required, your income from YouTube will depend on how well you grow your channel.
Many are making substantial income from platforms like YouTube. YouTube has even helped some to quit their full time job. It is an activity you can scale beyond imagination. So, if you have passion for video making to educate, inform and or entertain, then YouTube could well be for you.
6. Digital Products Creation
This is arguably the most lucrative form of income opportunity online. Unlike a physical product, a digital one – ebook, music, pictures, etc. – is conceived and developed only once. But it could be sold hundreds – if not thousands – of times, thereby significantly increasing its profit margin.
This is something you would want to engage in if you have knowledge in a certain field that you believe is in demand. There are specialized platforms for selling digital products. A website of your own could be handy. But in this case, you’ll want to employ relevant plugins or other add-ons to enhance selling of your products.
7. Online Business
Online business exists in many forms: from drop-shipping to ecommerce, website flipping to affiliate marketing. Online business is the phenomenon of the 21st
century. It is a product of the Information Age, and it’s not going away anytime soon. Many are earning an income from it, and many more are taking interest in it.
Imagine having a business with a possibility of reaching customers all around the world – indefinitely. The potential is without limit. This is something you can engage in after you’re retired. Not only will you find it fun; when done correctly, it will ensure a sustained income for you possibly for the rest of your life.
Afraid because you don’t know much about it? No need to be! Here’s a training that spells it all out.
By engaging in it, you will get a clear understanding of what online business is about and how you can start doing it.
Wishing you the very best in your quest to discover retirement income opportunities online.