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Are You Too Old To Start a Home Based Business?

Jun 5, 2008
Are you concerned about having enough money to see yourself through your retirement years? Not everyone has a pension plan or a big, fat 401K. For many, all they can look forward to is their monthly social security check. Increasingly, senior citizens and those approaching retirement are exploring home based businesses and online business opportunities. They are finding opportunities that could generate a substantial income, and opportunities that could provide residual income that will continue to grow. Residual income from their businesses will continue to come in, even when they are on vacation or if they are sick and cannot work.

Does Age Matter?

Age only matters if you are under 18. With many online business opportunities or companies where you may market online, you have to sign a contract when you join their opportunity. You are NEVER too old to start a home business. Whether you perform a service out of your home or work online, you are the boss. You choose the retirement age.

Do You Have To Be A Computer Expert?

If you have an online business, it helps if you know computer basics. But many online business opportunities offer free software, articles and downloadable e-books to teach you what you need to know in order to market their products. You will usually learn skills with one opportunity that you can use with other websites and with other online businesses. You need a basic understanding of how to use your computer and you need to know how to email. Take advantage of the learning opportunities that are presented to you and you will be pleasantly surprised at how much you will learn. There are many free resources online if you want to learn the basics about starting an online business or if you want to learn about affiliate marketing.

Does It Cost Money To Start a Home Based Business?

This is a BIG subject. The short answer is yes, but the amount of money you invest could be minimal. You already understand that if you were to start a storefront business, you would expect to invest a fair amount of capital and time to get the business going. Starting a home business is much less expensive that starting a brick and mortar business, especially if you don't have to deal with leases, employees, payroll, equipment, etc. If you are going to perform a service out of your home, you will still have some costs in running your business (advertising, equipment, etc.)

If you are investigating online opportunities, beware of opportunities that promise riches for little or no investment. If you are very knowledgeable about internet marketing you can make money online without spending much if anything. For example, you can become an affiliate (fancy word for salesman) of companies for absolutely no cost. It is possible to earn money by blogging or article writing which have no costs. There are many other ways, too, but you have to be internet savvy already.

Most people find themselves intrigued by all the ads claiming that anyone can join their business and get rich in a short time. Many of these ads claim that it will cost you little or nothing. I've even seen ads where they say they will pay you! Now if you are nearing retirement that means you literally weren't born yesterday. You will probably ask yourself the million dollar question which is where will all the riches come from? There must be a product or service somewhere that generates income. If you aren't supplying the money, someone else is. Evaluate the promises carefully. The old adage is still true. If it looks too good to be true, it probably is.

Sometimes it is easier to find a business that offers 'multiple streams of income.' Chances are, someone has found numerous businesses that compliment each other and has started a program where to help others to join those same businesses. By joining this kind of 'business in a box' you end up with multiple businesses, websites, and income opportunities. As you share the opportunities with others, you end up growing multiple businesses at the same time. The better programs like this offer you support and educational tools. Investment will probably be minimal to sign up, but expect to have the choice to spend more money to upgrade affiliate status, host a website, pay for membership fees, join an advertising co-op, or to qualify for the bigger payouts.
About the Author
Marcia Arnett is a retired Registered Nurse and works from her home in northwest Connecticut. For information about >starting a Home Based Business sign up for her free Affiliate Marketing Newsletter and receive six free books about making money from home.
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