A small home business can provide extra spending money or finances for living expenses. If you are a senior thinking of starting a business, here are ideas and options to consider.
Internet Home Business Advantages
Selling a product or offering a service online differs in several important ways from operating a local business. One of the biggest advantages of an online home business may be its market potential. With the Internet, you can find needed supplies or merchandise for your business, and sell to customers worldwide.
This is especially valuable if you are interested in marketing a very specialized items or service. Unusual and unique products and services will probably appeal to someone somewhere – via the Internet, but may be impossible to sell locally.
Another big advantage of an online small business is its flexibility. With the Internet, you can pretty much work on building your business according to your own preferences and time schedule. You can even close up “shop” for days, weeks, or even months at a time and not worry about the pool of potential customers drying up.
Possible Internet Home Businesses
Seniors, more than the general population may excel at certain types of online businesses. Some possibilities are:
Past work experience Services
If you’ve spent many years perfecting your skills in a subject or field, consider selling your expertise online. Advertise your extensive background and charge a little higher than the norm for your practical knowledge. Customers appreciate finding someone who really “knows their stuff”, and your business should prosper.
Senior-related Products or Services
Because of your own experiences, you are more likely to know what other seniors might want or need. Products for retired and senior citizens you might consider selling include knowledge (articles and books), items relating to entertainment, travel, lifestyle, nutrition, and health. An Internet business could also provide any services that could be delivered or arranged electronically and would fulfill the needs and desires of seniors.
Local Home Business Advantages
If you would rather spend your time involved in business activities that do not involve the computer, a local home business might be the ticket. One large advantage is an opportunity to socialize. A big part of many home-based small businesses is some or a great deal of interaction and even socializing with clients and customers.
You can also build a local business that is done mostly from home with very little interaction with others. Or even none – through arrangements with other marketers. Possible local home businesses for seniors to consider include:
Antique and collectible Items
If you enjoy shopping at garage and estate sales, thrift stores etc., you might do very well at dealing in used, old, and vintage things. Depending on your preferences, you can sell at flea markets, collectibles shows, on consignment in the shops of others, or even open your own store.
Craft and Holiday Items
Making and selling crafts or holiday items of any kind is a possibility for seniors who love the work. Selling options include craft or holiday fairs and shows, on consignment in various shops, or through you own store.
Outdoors or Indoors Services
Any type of work geared towards the needs of local resident seniors will probably do well. Choose to offer something that your research shows is in short supply in the area, and that you enjoy and do well. Or choose to provide skills to the general population of your area and advertise your considerable background. Providing professional services of all kinds should work well also, if the number of competing providers is limited where you live.