3 Tips for Seniors Starting an Online Business
September 16th, 2016 Tags: Baby Boomers, Pamela Montgomery, Seniors
Posted in Seniors Building an Online Business
3 Tips for Seniors Starting an Online Business!
3 Tips for Seniors Starting an Online Business
Seniors starting an online business will discover that many other baby boomers are doing the same thing. Starting an online business is a great way for seniors to: (1) supplement their retirement; (2) share their passion with those who have similar interests; and (3) keep their minds and bodies active.
This article will discuss this growing phenomenon of seniors starting an online business. The ease for seniors of starting a business using a computer and the internet is tempting. The entry for seniors starting an online business has never been lower. Unlike starting a brick and mortar business, starting an online business is comparatively cheap. We will share 3 tips that seniors can use to start an online business.
1. Start Your Online Business While You are Still Working
The number of seniors starting online businesses is steadily increasing. According to an article on small business trends, seniors are outperforming those who are 20-34 in starting businesses. A large percentage of new online start-up businesses are formed by entrepreneurs 55 years old and older. While it may be surprising to some, it was not surprising to us. We started our business when we were almost 55 years old. Like many baby boomers, we started our business while we were both still working. I (Pam) have been able to retire, and devote myself to growing our business. Starting your business while you are still working, gives you time to learn the ropes while still earning money from your job. Then when you retire you can supplement your retirement with the income from your online business.
2. Share Your Expertise and Passion
Seniors starting an online business can use the knowledge and expertise they have gained from their careers or hobbies. Begin with your current expertise as you consider the type of online business that you want to start There are lots of opportunities for freelancers with the explosion of online businesses. You can look for books and articles on your chosen specialty to be sure that it is a topic that people are willing to pay for. You want to make sure that your passion and expertise is a topic that is profitable. As an online entrepreneur you will have an opportunity to build your business by blogging, affiliate marketing, creating information products, or online courses. You may want to become a freelance writer. Explore doing (1) what you know; (2) what you love; or (3) best of all something that combines both!
3. Enjoy the Lifestyle of an Internet Entrepreneur
Seniors starting an online business are often motivated by the idea of having the flexibility to work from anywhere in the world. I know that idea appealed to both my husband and me. The idea of sharing what we know about branding, marketing, and getting started online really fascinated us. Like most other baby boomers, we are refusing to retire like our parents and grandparents. The days of accepting a gold watch and then reclining in a chair for the rest of our lives is over. Today's seniors are active, both mentally and physically. We are leaving our footprints on the world. But best of all, seniors are enjoying the innate freedom that comes from being an online entrepreneur. At approximately 80 million (and growing), today's seniors are meeting their retirement years with entrepreneurial mindsets. Seniors are starting online businesses using the computer and the internet to restart their lives and supplement their retirement incomes. The freedom that you can enjoy stems from having more time to devote to pursuits besides work and focusing on making money for your retirement.
Conclusion/Call to Action
There are several excellent reasons for seniors to start an online business. For example, you can
- start your business while you are still working to learn the ropes while you still have an income
- share your passion and expertise
- enjoy the lifestyle of an internet entrepreneur.
What type of online business will you start? Let us know. We would love to hear from you! Let us show you how to jumpstart your successful online business with The Strategic Pathway to Success Program.
I am Pamela Montgomery, attorney, author, entrepreneur, and speaker, helping you create the life of your dreams as you achieve uncommon results in your business and in your life!
Also published on Medium.
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