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How Baby Boomers Can Create Extra Retirement Income

Do you feel like you might need to create extra retirement income? Are you hurtling towards retirement age only to realise that your retirement income is going to be less than you need to live a comfortable retirement lifestyle? Would you like to generate additional income but you really do not want to have a job with a boss and a schedule and the stress of being regimented?

Well, take heart and think about creating extra retirement income through an online business.  You may find this is the solution to your problem!

There are so many ways you can create extra retirement income online.

Let’s start with the basics.There are so many different online business models, but these are the most common.

  • Do you have particular knowledge that others would find desirable enough to buy from you?
  • Would you prefer to promote others’ products and/or services?
  • Maybe you’d like to have an online shop?

How do you start?

OK, then how do you start and develop an internet marketing business? Where can you find the tools and techniques that you would need to be successful in this huge, online marketplace?

Older couple at computer

You may feel that the Internet is a vast, complex place where it takes special knowledge and a new language and techniques in order to get on it and sell products and services.

Learn New Skills

Unless you already have online business skills you will need to find a place or an organization that offers training and mentoring and coaching with professionals who have found success at this exciting Internet world.

You can use search engines to search for people and/or companies that can teach you what you need to get started . Try keying in words like, “Internet Marketing Training” or “Internet Mentoring” or Internet Coaching” and you will find many results that may help you find what you are looking for!

Exercise Wisdom…

But be careful about who you can trust, and be very cautious about what you are being sold.

Up to date strategies, genuine help and a business that is financially solid are essential elements. There is no point in trying to create extra retirement income if it is not on a solid foundation.

Once you have located a place or places that offer the training you need, be sure to do the diligence to find out the person’s or the organization’s reputation as successful trainers and mentors and coaches. Of course, you will need to weigh the costs of buying the training services. You should ask if their service in training, mentoring and coaching is ongoing or is it a one time seminar or seminars with ongoing additional costs over time. And you should ask for references of others who have used these people or organizations to find if success is what they have experienced.

Successfully creating extra retirement income is a wonderful idea, but you must be well supported so that you will make money and not lose it.

“To thine own self be true”

In the spirit of complete transparency we trusted a company with a solid reputation, outstanding training and an exciting range of products.  Out of the blue the US Federal Trade Commission shut them down, and everyone who had invested in the company lost their money.  Very sad, and a huge learning curve.

You know the old Shakespearean quotation “To thine own self be true”? I learnt a very big and painful lesson. I just didn’t “feel right” about the company and lost focus on a lot of my own natural skills and experience in my eagerness to be successful within that organisation.

Work with your strengths: Choose the best model for you to create extra retirement income

There are so many things you can do to create extra retirement income online, but it’s essential to start with who you are and what you can offer and not look for the quick solution.

To help you decide if online business is a way you would like to create extra retirement income request a free copy of our Retirement Lifestyle Guide “Create A Lifestyle You Will Love” today.  It will help you recognise what really matters to you for your future.

retirement planning guide

 

 

BoomersNextStep Guest Author

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