A Few Online Business Ideas for Seniors and Other Online Wannabees
The thought of running an online business may seem like a formidable task to the over 50 crowd. Same for others who are unfamiliar with many technical aspects of the Internet. So here I’ll mention something about online business ideas for seniors you may not be fully aware of.
Some baby boomers have had trouble learning the language of computers and the internet. After all, there are so many technical terms which may be totally unfamiliar to them. Those terms are now part of most people’s everyday language.
Many seniors may lack confidence in themselves to learn such intimidating new skills. However, with the proper support, they usually begin to enjoy the process and want to learn more. The good news is that nowadays, unlimited support is available. That’s true for for people over 50 who want to learn more about computers and the Internet. Plus many tasks can be outsourced if you’re not ready to tackle them.
Are You a Senior – or Anyone Wanting an Online Business?
If you or a loved one wants an online business, the best thing to do before jumping into such a business is to try out some new tools. Tools such as Youtube, Skype and Facebook. These provide easy and fun ways to stay in touch with friends and family.
Once you get the hang of these you may just warm up to the idea of spending some time learning more about technology. Also of the business-related opportunities the Internet offers. Learning the definition of terms such as URL address or web browsing may seem like learning a new language. But begin slowly and progress to the next level so you feel more comfortable.
More retirees are choosing to supplement their retirement incomes with an online business. That’s instead of enduring the astronomical costs of an offline business. The cost is low and they can set their own hours and be their own boss.
Unlike a traditional offline business, the requirements of an online business are simple. You just need an idea and developing a blog and website.
Starting and Running a Business for Under $30 a Month
To start an online business all you need is a computer and an Internet connection. You’ll need some knowledge of both, and you’re ready to go. There are so many types of online businesses which utilize the skills and experiences that seniors likely have. It can be fairly easy to find a niche that will be profitable, even fun and rewarding.
And it’s cheap! Most people in the over 50 camp simply cannot believe that you can start a business online for less than $30 a month. This is because starting a business before the birth of the Internet usually was at least a multi-thousand dollar venture.
But it’s true. That’s all you’re going to pay to start your new online business.
- A domain name is about $10 per year. That’s less than a$1 per month.
- You can get reliable web hosting for $8 per month.
- Add in a $19 a month autoresponder account for automated email follow-ups.
Do this and you’re still spending less than $30 a month on your entire business. Of course it could cost more if you don’t write your own blogs, but the cost is still low.
For a Business, Cheaper is not Always Better
Still, depending on your circumstances you could spend more even a lot more to start your business. That’s not always a bad thing. For example, if you wanted to start a blog about the famous US Route 66 you could buy my US66A.com domain listed above.
It could easily set you back a couple of thousand dollars. But you might feel it was worth it. Since the domain is relevant to your blog topic it would almost certainly attract more traffic to your blog. This could easily offset the cost assuming you were monetizing your blog.
The remainder of tasks for your new business can be done by you – unless you choose to outsource some of the work (such as writing content). I outsource a lot at Fiverr.com for just $5-$10 a pop, or other small sum. Many things can be outsourced, everything from social media to design and more.
And hey, if you don’t want to outsource, you can simply enlist the help of children and grandchildren whenever you get stuck.
But before you get started
But before you get started know this. More than anything else, starting an online business requires discipline. If you’re used to working for a boss, you may find it difficult to set your own hours. Same for working at your own pace – but with patience and fortitude, you can make it work.
You also have to remember that there is a lot of competition in online businesses. Your consumers will be looking for quality and value. Your job is to convince them that your product is what they need.
That can be accomplished with research of your niche and offering the highest quality products you can possible provide. Never cut corners when it comes to quality. Always take the high road when it comes to your customers.
Keep upgrading and updating your website and blog. Spending some time and even money as needed to polish your website. Create interesting content which will drive traffic to your site and the result will be more sales and profit.
Types of Businesses You Can Launch Online
No matter what your skills or preference, there is likely an online business that will appeal to you. If you’re just out of retirement, it’s especially enticing to start another career. Maybe build your own business with very little startup costs. You could enjoy the pleasure of being your own boss.
The types of businesses from which you can choose are many and varied. Consider your skills and experience. Check out such businesses as affiliate marketing, writing or recording info products, coaching or selling PLR content.
There are also ways to become a virtual assistant to a company or person. If you like art you could begin creating graphics for eBooks and other specialties. If you have a knack for writing, you may want to consider writing reports for businesses. You could also write blog posts for online business owners.
More about Businesses You Can Launch Online
Free online tools are available and easy to implement. They can be very powerful as a way to get you started. One of the top online demands for services on the Internet in 2016 included freelance writing.
As a freelance writer, you would write articles and content and possibly propose creative ideas for future work.
Most large businesses and websites prefer to outsource their writing tasks on an as-need basis. So there are enough freelance writing jobs for most everyone. In fact I use outsourcing myself as a way to get content when I don’t have time to write.
You may want to consider becoming a virtual assistant if you have experience in managing an office or projects. As a virtual assistant, you would help businesses and people stay organized. You’d help them complete administrative tasks. Keep in mind, your list of tasks may vary according to your client’s needs.
The growth of the Internet has made it possible for people to have a home-based business. This is the perfect scenario for retired seniors. Look at all the jobs I had.
That’s not counting my last job as a programmer my last 10 years of working before retiring. A home-based business is also perfect for those with disabilities that make it difficult to commute to a job. It is a perfect chance for those who desire to create their own businesses and leave a legacy they can be proud of.
An Online Businesses I’m Sort-of In
Back in about 2003 or 2004 I got interested in finding out if it was possible to make a living online. I determined it was, but the internet was changing so fast I didn’t know where to start. Somehow I got interested in domain names. I figured that the internet would get way bigger. Since a domain name could be used by only one person or business it would get more valuable.
Well that’s true but… Yes domain names have gotten more valuable. However, now that the internet is so big and it’s harder ( some will argue about this) to make money, tons of domain names expire every day. So that makes it much harder to sell domain names. That’s because people can sometimes find a domain name they can just register for a small registration fee.
Nonetheless there are professional domain name investors. Some make a LOT of money buying and selling domain names. Well I’m not one of those people. However, my small stock of domain names, about 125 are mostly from the 700 or so domain names I originally registered back in 2004-2006.
I never really actively tried to sell my domain names other than make some ad banners or other ads on my many websites. So in a way I have a sort of domain business where I buy and sell domains. Actually the only names I buy are ones I might want to put a website on. Once in a blue moon I’ll speculate that a domain name might become valuable and I will buy it.
Have I made much money doing this? Not really, but for the few hours involved in making ad banners, I’ve made 10’s of thousands of dollars over the years. To make sure of what I’m doing, I am now taking a class on how professional domain investors make money. Domain investing can be a good business for the right person.
What kind of online business are you interested in?