Many Retirees are Supplementing Their Income with Home Businesses

Retirees who want to augment their retirement income can go the way of the Internet-based home business

. The small online business can give the senior a lot of flexibility in terms of working hours, working locations, and products or services to sell. The opportunities for online businesses are virtually endless, and the senior who wants to become an entrepreneur can boost his or her nest egg and enjoy the benefits of working from home.

Selling goods or services from home through the Web is one of the most popular business models of the century. It allows you to get clients or customers from any location all over the globe, compared to a brick-and-mortar business that would probably cater only to buyers in or near your local area. You can start selling products over big online auctions sites like Amazon or eBay - all you need is a computer with Internet access, a digicam to photograph your products, and a source of goods. You can also go to self-employment websites like Elance.com or getafreelancer.com to work on contracts or projects for graphic design or copywriting, among hundreds of other niches - you only need to send your work through email, and build your client base and profits by establishing a good work reputation.

You can also choose to sell services or products to fellow seniors, and obtain more clients because you're more in tune with what retirees want or need. You can sell items such as books, health equipment, or food supplements, for example, through an online store, a brick-and-mortar shop, or both.

If you're on the lookout for a home-based business opportunity, keep in mind that many scammers out there target the elderly. Stay away from any investments that require you to pay a membership fee to begin your business, or a fee for a starter kit.

If you're about to enter the home business industry, you'll find that opportunities abound. However, the risk of being scammed, whether by potential employers or clients is still a significant concern. If you wish to know more about how you can fund, operate, or grow your home-based business, contact your financial planner or advisor for help.

Many Retirees are Supplementing Their Income with Home Businesses

By: Carina Smith

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