There is a common misconception that people in their golden years are basically lounging around and spending their retirement money on vacations and gift for the grandkids. Nothing could be further from the truth. People in retirement long to be just as productive and driven as those considered working age. Some would also like to help their children or grandchildren with the expenses and/or pay for college. Sadly, not many options are available for seniors looking to supplement their income.
For that very reason, listed below for you are 20 creative ways in which you can earn income during retirement:
1. Rent Out Your Empty Rooms
If you have some space in your home, like a spare room or two, you might want to consider turning your house into an Airbnb Inn. You can charge travelers and tourists alike by day, week, or month depending on your preference. You can also set your own rates depending on the location, comfort, and amenities you can provide.
2. Rent Out Your Parking Space
Platforms like Parking Panda (Available in select US Cities) allow you to rent out any extra parking space you might have for car owners in need. This is an innovative way to earn passive income with the unused space in your property.
3. Rent Out Your Gadgets and Electronics
The electronics and gadgets around the house are assets that don’t often utilize their fullest potential. Luckily, websites like Zilok (available in the US and Europe) allow you to rent them out to people within the area. This paves the way for the unused items collecting dust in the basement to become viable income sources. The website also lets you earn from referring a person without a gadget to another person who has the gadget available for rent.
4. Rent Your Car
If you have a car that you don’t use very often or say you intend to go on a vacation abroad, leaving your vehicle unused for extended periods of time – then websites like Getaround and RelayRides allow you to earn some income on the side by letting you rent out your car. There’s always someone in need of a vehicle willing to rent one by the hour or daily. If you have the ability to meet that need, then capitalize on it.
5. Sell Handmade Products Online
Create your own store on Etsy and begin a small business selling your hand-crafted goods. Selling the products you make is an easy way to turn a simple hobby into a profitable enterprise. Opening a business might seem daunting, but know that the internet is a big place. There is always a market out there for whatever you have to sell.
6. Sell Custom Products Online
Café Press or Zazzle are websites that let you upload your own images, graphics, and art while featuring products of your choice. You can either open your own niche store or participate in affiliate marketing programs and promote others’ products for a fee.
7. Sell Your Skills Online
Fiverr and Upwork are online platforms that allow you to showcase your skills at a good and reasonable price. Whether it be graphic design, voiceovers, video or written content creation, etc. – if you have a skill that you can do well enough, there will probably be someone willing to pay you good money for it.
8. Sell Stuff on eBay
Ebay’s purpose extends beyond simply clearing out the junk from your garage. The online market also allows you to create your own shop and sell a product regularly.
9. Get Paid To Write
If you have a good mastery of the English language and a passion for writing, consider becoming a freelance writer. There are various copywriting websites like London Brokers, Copify, or Indeed. You can also bid for creative projects on Upwork though it may take some time to get a foot in the highly competitive platform.
Note that there are people who do this for a living, and you don’t really have to be a professional to begin earning. Some dedicated writers managed to build very successful online writing careers doing nothing but writing from their own homes’ comfort.
10. Become a Freelance Tutor
Students all around the world are searching for tutors to supplement their education. It would be best that you are knowledgeable about what you’re teaching, but a degree in the subject is not a requirement. Note that teaching English is a highly lucrative online teaching job since many individuals worldwide are looking to learn that language.
11. Write Songs Online
No matter the genre, if you have a knack for music and composition, you can create and license it online, where it can be used and paid for by content creators. Your songs might be used as background music for Youtube videos, blog posts, and commercials – paying you royalties with every use.
12. Consider Blogging
Related to number 9, bloggers write about what they want instead of what is commissioned. Many bloggers earn very handsomely from what they do, and so can you. You’d have to settle first on the particular niche you wish to write about and publish content regularly. That being said, blogging takes time and effort before it becomes a viable source of income. Numerous sites like WordPress and Blogger allow you to create your first blog site for free.
13. Try Contract Consulting
This might be related to number 7 in a way, but Contract Consulting is very much an industry in its own right. If you have any work experience in the corporate or financial sector: search online for job listings looking for a contract consultant. The work will likely be home-based, the contract might run for as much as 6 months, and your role will be somewhat like that of an advisor.
14. Take Online Surveys
You can actually earn money by taking surveys with sites like Cash Crate. Essentially, you’d be paid for product testing, taking surveys for research, and even forgetting someone else to take the surveys too.
15. Become an International Housesitter
There are numerous housesitting websites active online that you can utilize to get started. This option allows you to visit other countries for free and be paid to take care of other people’s houses while they’re away. You’ll be in charge of the cleaning and upkeep of the property when you’re housesitting, and meals are usually also paid for by the clients.
16. Try Pet Sitting
People love their pets and, when they decide to go on vacation, one of their main concerns is finding someone to care for them. As a pet sitter, your job would be to put those concerns at ease by taking good care of their furry companions either in your own home or the home of the owner as a pet and house sitter as well.
17. Become a Mystery Shopper
A mystery shopper’s role is fun and simple: a business will pay you to shop at the store of the competitor to see where they are in terms of customer satisfaction. The business will then use your feedback to tweak its operations to stay ahead of the competition. This means you get to shop for free and get paid to do it. Look up some of the Mystery Shopping websites out there but keep in mind that not all are legitimate.
18. Become a Local Guide
If you know your location like the back of your hand, including its history and cultural significance, put that knowledge into good use and become a local guide. Take tourists or groups of students around and show them the sights and sounds of your area while also providing education on their importance to you or the community as a whole. This earns you income and increases tourism, and promotes the flourishing of the community’s businesses.
19. Look for Work in National Parks
Many national parks hire retirement-age individuals as guides and ambassadors to get the youth into environmental protection. If you’re an outdoorsy kind of person and wish to impart some of it to the next generation, consider looking for opportunities in the nearest national park.
20. Become a Grandma for Rent
Sites like Rent a Grandma give older women a platform to rent their services out to families in need of their wisdom and care. The job descriptions vary depending on your preference, but it’s also a great opportunity to see the world and be around a family that needs a seasoned mind for guidance.
There is no shortage of ways for you to earn money and/or augment your income. The possibilities are endless, and age should not get in the way of you fulfilling your ambition. All you need is to do it because the only action can create change in your life. Be brave in your later years because if you did the same thing tomorrow, what you did today, nothing will change. Muster up all the persistence and perseverance you can.
If you need further convincing that digital marketing is right for your business, get in touch with us. At Crucial Constructs, We’re willing to listen to you and answer your questions. Contact us today!
“Marketing is really just about sharing your passion.” -Michael Hyatt
“Focus on the present. It’s the best gift you can give yourself.” -Carrie Kerpen.
“The cost of being wrong is less than the cost of doing nothing.” -Seth Godin
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