Many Retirees Are Supplementing Their Income With Home Businesses

2008-03-20T22:51:00.001-04:00

With today’s technology and the Internet, there are almost endless home business opportunities for retirees and other people over age 50. If you own a computer, and have broadband access to the Internet, you can start a variety of businesses from home and enjoy the income and flexibility of being your own boss and owning your own business.

I’ve spoken to many retirees – and other older workers who are frustrated with their current job or career – and most have dreamed of owning their own business. A business out of your home can provide extra spending cash or finances for living expenses. This is a great time for seniors - or people of any age for that matter - to start a business out of your home.

I’ve also talked to people who want their own business, but they didn’t know where to start. There are a dizzying array of home business opportunities out there, and unfortunately, some of them are thinly-disguised scams intended to part you from your hard earned money. Deciding what you want to do, what you can afford – both in time and money – and what’s a legitimate opportunity can be a daunting task for people of any age.

One obvious place to start it the Internet. Selling a product or service from home, over the Internet, is one of the fastest growing home business models of the Twenty-First Century. One huge advantage of the Internet is the ability to attract customers from all over the world - not just in your local area as in a traditional home business. Almost everyone has bought or sold some something on Ebay or Amazon or one of the other large auction websites, and thousands have turned Ebay into a full time business. All you need is a source of products, a digital camera, a computer with broadband Internet access, and a desire to make money from home to get started.

Another advantage of an online small business is its flexibility. With the Internet, you can set your own schedule and work your own hours. You're not tied to working regular business hours, which can be a great advantage for retirees or anyone else who seeks flexibility in their schedule. You can work on your business in the morning, go fishing in the afternoon, and work some more in the evening if you like. Or even take several weeks off and go on a vacation without worrying that your customers will go somewhere else while you're gone.

If you're not interested in selling physical products online, you can also offer a service over the Internet. Large self-employment websites like Elance.com allow people to bid on projects like writing or web design, and then deliver the work via Fax or email, without ever meeting the client in person. Once you build a reputation for quality work, and a reliable client base, you'll probably get as many offers as you can handle in a very short time.

Another option for older entrepreneurs is to offer products or services to other seniors. Because of your own experiences, you are more likely to know what other seniors might need or want. Products for retired and senior citizens you might consider selling include knowledge (articles and books), items relating to travel, entertainment, health, lifestyle, nutrition, and family. An Internet business could also provide any services that could be delivered or arranged electronically and would fulfill the needs and desires of seniors or retirees.

As for spotting potential home business scams, start by being very wary of any "opportunity" that requires you to pay an up-front fee to get started. Never send money to a company claiming to put you to work from your home. Any legitimate employer isn't going to charge money just to hire you or to get you started. Don't send money for work at home directories or start-up kits.

If you have doubts about a prospective employer or work from home opportunity, ask to see their references. Request to see a list of other employees or contractors that have done work for the company in the past, then contact those people and ask them to share their experiences with the company. Always avoid any company that's unwilling to provide these type of references.

Never give out your personal information in an email. This is known as a phishing scam, and many of these emails are made to look very legitimate. Delete any email that's not addressed to you personally, and that has links in it asking you to sign into another website, or give out your bank account information, passwords, social security number, or other personal information.

Kent Johnson is a freelance writer, entrepreneur, and career coach. He specializes in helping people over the age of 50 find career and small business success. Visit www.Success-After-50.com to learn more.

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How To Find The Best Retirement States

2008-03-09T18:11:00.000-04:00

When you have been working hard for virtually all of your life you look forward to retiring. This is the period of your life where you will be able to indulge yourself with new activities and events that you were not able to do while you were working. It is at this time you provide yourself with the opportunity to do what you want.

There are some other considerations that you may want to consider in your retirement plans. One of the main items that you will need to think about is where to live after you have finished working for your living. So how will you be able to pick the best retirement states for yourself? Although there may be many factors, such as health, cost of living and maybe even family, we will look at a few items that are essential to review.

Well you might want to find out the various benefits and social issues that are relevant for retirement living. Each of the fifty states have different ways of meeting the various needs of their senior community. Up to now you will need to see what they have in way of housing for elderly citizens, social activities, and medical health care. You will also need to see if you can afford to live in those states. When researching make sure to take the appropriate notes. This way you can refer back to them when it comes time to compare and make a decision.

The best way for you to choose the best retirement states in the country would be to list down all of your retirement needs. For example, special health care needs, social activities, transportation systems and weather. The internet will be a good place to start and will certainly help you with the initial research that you will need to do. Here you can find out the various weather condition, conditions of each state and see if you like living in that type of weather all year round. Next you will need to think about the social life.

There are many different activities that people love doing but many of these will change as you grow older. So you will need to see if the potential retirement state will have a broad choice of activities for you to explore and indulge in. For instance, are you accustom to fine dining, bingo, entertainment venues or staying in at home. Now all of these items are great to find out about but the big question is how can you choose the best retirement states based on your living expenses.

Currently there are Five different states that are thought to be great for retirement purposes. These are at the moment Delaware, Alaska, Kentucky, South Carolina and New York. These states are listed in the order of the best retirement states in the country. Now closer review will inform you why these are reasoned to be the best places to retire. And a few of the reasons are cost of living, transportation systems and easy accessibility to housing and living needs. Again, take copious notes on your research and utilize this information to help in your decision.

When researching various states the internet will provide you with an incredible amount of valuable information. Most states, if not all states, at this time will have a site with sections dedicated to senior benefits. If not, there is a local number for one to call and ask the questions they might have. So, get online, have fun and do the research necessary to find the best retirement states you might like.

In all of these states there are certain types of taxes that senior citizens don't have to be concerned about. These taxes can be sales tax, property taxes, taxes of foods and in some cases real estate taxes. In some cases these tax exclusions or breaks are huge benefits to senior living. The savings can be tremendous. Since money is a major consideration for many senior citizens finding the best retirement states that offers all of these benefits, including great social and medical benefits is a real prize find.

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Many Retirees Are Supplementing Their Income With Home Businesses

How To Find The Best Retirement States