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What Are the Best Home Based Business For Seniors?

the-best-home-based-business-for-seniors

Imagine what it would be like if you could make a side income to help you supplement your social security and/or retirement income…

It’s not only possible, but it’s a reality. There are a lot of seniors making money on the Internet every single day - some are even making significant incomes.

But there is a catch.

You see, you have to know which types of businesses are better suited for seniors and which ones aren’t.

Most importantly, you want to know how to spot a money scheme when you see it.

There are a lot of “businesses” that target seniors that are 100% fake - they’re just out to take your money and/or use you to recruit other people into a scheme.

The Internet is like the wild, wild west - you have to really look out for yourself so you don’t become a victim.

With that said, you’re probably wondering what types of businesses are best for people like you.

Read on…


The Best Home Based Businesses For Seniors

When choosing a business, you’ll want one that is simple to do and maintain. If you’re on a fixed income, you’ll want something that fits within your budget and has very little overhead.

You’ll want to make sure that you are absolutely looking for a home business and not a home job.

Most seniors who are looking for a home business want one that will produce enough income to impact their lifestyle.

To you, that may mean you want to make enough money to buy a home, pay off a home, travel, pay for your kids/grandkids higher education, pay off debt etc..

In other words…

The risks of a business are worth it because you’re after a greater reward.

If you 100% agree with that statement, then you’ll want to read on…

The 3 Types of Businesses to Consider

the-best-home-based-business-for-seniors

Existing Skills Business

This is where you use your current skills, hobbies, and/or interests and turn them into a business.

Why It’s Good For Seniors:

This is always the best place to start because there is no learning curve - you already know how to create products and you understand this niche. Do what you know.

What to Watch Out For:

You have to make sure there is an audience who is willing to spend money buying your products and services.

the-best-home-based-business-for-seniors

Affiliate Marketing or Network Marketing

This is where you sell someone else’s products and services in exchange for a commission.

Why It’s Good For Seniors:

Product creation, customer service, and delivery is done on your behalf - you just have to drive traffic to the affiliate offer or network marketing product. You can become an affiliate for free and there are little to no overhead costs.

With network marketing there are costs to get started and usually there are monthly fees for your website and/or monthly shipment of products. For most people, the costs are very minimal as compared to buying into a franchise.

What to Watch Out For:

There are a lot of scams in both the affiliate and network marketing industry. You want to make sure that the product/service that you intend to promote is a viable product that real people would pay money to buy.

If you plan on doing internet based network marketing or affiliate marketing, you have to understand how to do internet marketing.

If you plan on doing “old school” network marketing - building a business in your warm market i.e. friends and family, then you’ll want to get training materials to help you do so.

the-best-home-based-business-for-seniors

Ecommerce Business

Where you sell products - either your own or someone else’s. You can set up a Shopify site, sell on Amazon, etc…
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Why It’s Good For Seniors:

No recruitment or sponsoring of people is required. You don’t need leadership skills or great people skills - you’re just selling products online via one of the most common ecommerce platforms.

What to Watch Out For:

If you’re doing something like Amazon Fulfillment, you then must be on the constant prowl for products to sell on Amazon.

Most likely you will be physically going to stores a lot to find products to sell or outsourcing this task to someone else like a friend, family member, etc..

In the case of Amazon Fulfillment, you will be packing and then sending products to their warehouses and constantly monitoring your products on Amazon.

In the case of other ecommerce sites, you are responsible for shipping out products, getting returns, and handling customer service.

Ecommerce is a great business for seniors who are looking for a more independent business model.

There you have three of the best home based businesses for seniors.

Which business model do you think is right for you?

© 2021 Corrisa Malone

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