Online Business Ideas for the Over 50 Crowd

Posted in Income, Technology1 month ago • Written by Jim Daniels16 Comments

image1471531589The idea of running an online business may seem like a formidable task to the over 50 crowd who are unfamiliar with many technical aspects of the Internet.

Some baby boomers have had trouble learning the language of computers and the ‘net. After all, there are so many technical terms which may be totally unfamiliar to them, but are part of most people’s everyday language.

Many seniors may lack confidence in themselves to learn such an intimidating new skillset, but 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 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.

If you or a loved one is in this demographic, the best thing to do before jumping into a business online is to try out some new 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 and the business-related opportunities the Internet offers.

trial-300x250

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 as you feel more comfortable.

Starting and Running a Business for Under $30 a Month

More retirees are choosing to supplement their retirement incomes with an online business rather than 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 as simple as having an idea and developing a blog and website.

All you need are a computer and an Internet connection and some knowledge of both and you’re ready to go. There are so many types of online business which utilize the skills and experiences that seniors likely have that it can be fairly easy to find a niche that will be profitable and 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. Especially because starting a business before the birth of the Internet usually was a multi-thousand dollar venture.

But it’s true. That’s all you’re going to pay to start your new online business.

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 all the time at Fiverr.com for just $5-$10 a pop, on 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 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 and work 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 and 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 and always take the high road when it comes to your customers.

Keep upgrading and updating your website and blog. Spending a some time and even money as needed to polish your website and create interesting content 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 or build your own business with very little startup costs and 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 and check out such businesses as affiliate marketing, writing or recording info products, coaching or selling content (PLR).

If you’re into arts and crafts, check out Etsy.com. If you like to buy and sell, consider using Ebay. (I sell golf clubs all the time on Ebay and it is a breeze!)

There are also ways to become a virtual assistant to a company or person or 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 or writing blog posts for online business owners.

Free online tools are available and easy to implement and can be very powerful as a way to get you started. One of the top online demands for services on the Internet in 2016 include 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.

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 and help them complete administrative tasks. Keep in mind that 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, those with disabilities that make it difficult to commute to a job or to those who desire to create their own businesses and leave a legacy they can be proud of.

TAGS: , , , ,

16 Comments so far. Feel free to join this conversation.

  1. Marion August 26, 2016 at 9:11 am - Reply

    I enjoy learning from your experience, and also appreciate learning that someone can do this without hiring a staff. Your tips on places like Fiverr, etc help a lot.

    • Jim Daniels August 26, 2016 at 9:18 am - Reply

      Thanks Marion. Yeah, through the years the only staff I’ve ever had were my parents when they were in their 60’s. They did all my order fulfillment and shipped all my books. My dad has since passed on and I no longer ship physical books. Now I focus more on affiliate marketing, downloadble ebooks, my membership site at ezWebBusinessBuilder2.com and offering advertising at my blog. But I also like to dabble in domain reselling and ebay selling. The thing is, there are so many ways to earn money online you just need to find what you like doing the most and focus your efforts there. It’s all about focus and determination, which most seniors have plenty of!

  2. Mark August 26, 2016 at 9:47 am - Reply

    Thanks for the article. My wife has been employed in the institutional investment field as a portfolio manager for 30 years and would like to step back by working remotely full or part time. You listed some sites in your article above involving piece work or virtual assisting. Are you aware of any websites that specialize in financial investment piece or project work? Do you have any thoughts in how best to find them if they exist?
    Thank you

    • Jim Daniels August 26, 2016 at 2:34 pm - Reply

      Hi Mark, thanks for posting. In answer to your question. I’m not aware of any sites that specialize in that, but do some google searches and there may ust be a few. If not, maybe you could start one! Or perhaps a better ides… it sounds like with 30 years experience in investing your wife should be able to write quite a revealing book! I’d consider that route.

  3. Kevin August 26, 2016 at 9:52 am - Reply

    A big advantage of an online business it its portability. We plan on downsizing and moving to a warmer destination – probably offshore. An online business would allow income continuity from anywhere we choose to relocate (as long as there is reasonable connectivity).

    • Jim Daniels August 26, 2016 at 2:31 pm - Reply

      Great point Kevin! I have an older sister who moved to Greece last year and is growing her own income stream from the web. That is the beauty, you can live wherever you want as long as there is an Internet connection. And you can travel as much as you want too. My wife and I plan to travel more now that our kids are leaving the nest and I always bring my laptop so I can put in at least a few hours a week and keep the income coming in.

      I wish you best of luck with your travels and business ventures too!

  4. Gary August 26, 2016 at 12:24 pm - Reply

    Hi Jim,

    I’m 69 and still going just like a bunny online. I have found that I enjoy my online venture way more than I ever did working for the man.

    My biggest endeavor is my Amazon business but the one that I ge the most satisfaction from is designing and uploading my own web sites.

    Once you have learned HTML WordPress is like going back to kindergarten school. With HTML I have complete control, not a program that says it’s smarter than me!

    And if my brain cell is working correctly I think that one of the very first items I ever purchased on line was from you and I think that it was called The Internet Super Highway or some thing like that.

    Anyway keep up the work, it’s great reading and learning material even for us out to pasture oldie’s.

    Gary

    • Jim Daniels August 26, 2016 at 2:26 pm - Reply

      Hi Gary, thanks for posting. I love to see seniors such as yourself going strong online. And wow, I had forgotten all about that Information Super Highway manual I wrote. It was a basic intro to the Internet before websites were even popular. I remember because I wrote it in 1996 while I was still working my 9-5 job for the telephone company. It was a .txt file and I sold a ton of them which helped me break free from that job. Man, 20 years went by in a blink!

      Anyway, I’m glad to see you’re still going strong too, keep it up!

  5. Amarjit Singh August 27, 2016 at 7:42 am - Reply

    May I add one more to the list of online works ideas for the seniors so beautifully explained by you ? Managing
    ” Social Media ” for others could be a very lucrative idea
    for those seniors who have or could get the hang of such
    as Facebook, Twitter. Instagram, Linkedin and Google+.
    We would love more on this from you in your eloquent and lucid style.

  6. Dan Strayer August 29, 2016 at 11:07 am - Reply

    Great ideas, all~ Now I need to focus on discipline, lol.

  7. Clyde Reid August 29, 2016 at 3:19 pm - Reply

    Jim,
    I have been reading your information and ordering PLR from you since……… well you know how long that has been.

    I had stepped away from anything to do with the Internet for a little while then I felt like I wanted to get involved again and see if there was anything I could do to help the people in my age group make some extra money for retirement. The first thing that caught my eye when I started looking around was Tiffany’s PLR pack that you are promoting. It is great stuff. Then I found this blog post and after reading it I thought I should make a comment. It’s great stuff to. Will be looking forward to reading anything else you post on this subject.

  8. Frank August 30, 2016 at 3:50 pm - Reply

    Seeing that I am well into the Senior group I like reading about how to create for the group and possibly coach that age group. But, I don’t have much confidence in other Seniors taking the time to learn. None of my friends is interested in what I do at all. Any stats on the 50+ group Jim? Thanks for your posts.
    Frank

    • Jim Daniels August 30, 2016 at 10:02 pm - Reply

      Hi Frank, while I do not have any stats on how many other seniors will take time to learn, I know one thing… there are sure a lot of seniors commenting on these posts. If that’s any indication I’m confident there would be plenty of potential coaching students for you!

  9. Frank September 3, 2016 at 3:02 am - Reply

    In an age where seniors are hardly focused on it’s heartwarming to you provide them this low-cost, home-business option. Thanks Jim.

  10. Rahimah Sultan September 10, 2016 at 6:42 pm - Reply

    Hi Jim. I have known about and followed you for some years now. The first thing I remember is yout email system — something like quartz, I’m probably way off base with the name. Anyway, I used some of your articles for posting online when you were allowing the use of 10 of them. This was all before Facebook and while I was still “working.”

    I have a couple of your PLR packages that I haven’t used yet — get so busy with my blog and other things. I need to have a cover… I made a note of the lady you recommended in one of your emails. I hope it’s not outdated before I get to it. Thanks for your help and recommendations.

Leave A Response

From: Jim Daniels

minijimComment & Win Instantly...

Everyone who comments on a post during Sept 2016 will get my $37 Web Money Pack (with PLR) free.

Here's the package I'll send you.