Update January 15, 2023
Are you like many other retirees and still want to work to keep yourself busy and sharp? Or maybe you want to make ends meet a little easier when the month ends? Or are you looking for a home-based business, using your knowledge to leverage it?
Tell you a well-known secret: Making money to supplement your retirement income could be as easy as turning your computer on.
It doesn’t require any programming or coding knowledge. Basic knowledge of the Internet is all it takes.
There are so many ways you can leverage your experience with others and earn money online.
Here are some online income strategies for Boosting Your Retirement Income.
Participating in online surveys or market research studies.
Many online survey and market research companies will pay participants for their opinions. While the pay for individual surveys may be small, it can increase over time. Websites like Swagbucks, Survey Junkie and LifePoints are legit and payout their members, but you will not be making any significant amount of money with them. If you’re not expecting too much about their income potential, then, by all means, you can try them.
But suppose you’re looking for a business model online that can generate high profit and provide sustainable income. In that case, you may have to exercise your option and search for another income source online.
Renting out a spare room on Airbnb.
If you have a spare room in your home, you can rent it out on Airbnb to travellers looking for a place to stay. This can be an excellent way to earn extra income, especially if you live in a popular tourist destination. Or you can actually rent your whole home for a more profitable amount.
Becoming a virtual assistant or freelancer in a field you are experienced in!
The Internet has made it easier to work as a freelancer or virtual assistant, regardless of where you live. You can find work online and earn money from home if you have skills in demand, such as writing, graphic design, or programming, to name a few. However, it doesn’t have to be that specific. You can offer your experience and expertise in a wide variety of services to sites like Upwork, Fiverr or indeed.
Teaching or tutoring online
If you have expertise in a particular subject, you can use your knowledge to help others by teaching or tutoring online. Various platforms connect teachers and students, such as VIPKid and iTutorGroup, which can pay an excellent hourly rate.
Creating a website/blog and monetizing it!
If you have a hobby or interest that you’re passionate about, creating a website and starting a blog can be a way to share your knowledge and earn very good money through affiliate marketing and advertising.
You could share the knowledge gained through your career or hobbies with a money-making “blog.”
This is my preferred method.
Is it possible to Boost Your Retirement Income with a blog?
What the heck is a blog, you ask?
Wikipedia defines a blog by saying this:
A blog (a truncation of the expression “web log“) is a discussion or an informational website published on the World Wide Web consisting of discrete, often informal diary-style text entries (“posts”). Posts are typically displayed in reverse chronological order so that the most recent post appears first at the top of the web page.
Ok, now that we have a definition of the “verb” blog, how do we start making money with it?
It is possible to boost your retirement income with a blog!
However, it depends on a variety of factors!
Without going into details, these factors can be the “niche” or topic of the blog, the amount of traffic it receives and the monetization methods used.
A popular and well-trafficked blog can generate income through advertising, affiliate marketing, sponsored posts, and digital products such as ebooks or courses.
However, it is essential to note that building a successful blog takes time, effort, and dedication, and your financial success will be directly proportional to these three factors.
As I stated earlier, you don’t have to be a computer programmer or know any computer languages.
Nowadays, it’s elementary to start a website.
As long as you know your way around a computer and the Internet, existing tools make it easy. Unlike 20 years ago, no programming is involved.
Of course, you will need guidance and training, and I’m sure that thought has crossed your mind.
But you can and will find all the information you need, don’t worry! Just read on.
Boosting Your Retirement income with “Affiliate Marketing.”
Affiliate Marketing is an arrangement between an online retailer who pays a commission to an external website for sales generated by its referral. The referred business rewards its affiliates for each visitor or customer brought about by the affiliate’s own marketing efforts.
So, in layman’s terms, you promote someone else’s product or service on your own website. When people come to your website, click on your “affiliate link,” and buy the product from your “affiliate retailer/partner,” they pay you a commission.
It’s basically that simple.
Here is an image describing the whole process:
As you can see from the above image, commissions for promoting other people’s products can be very lucrative, depending on what you promote and with who you are dealing; it can range from 1% to 75% of the actual sale.
For example, Amazon (which receives billions of visits annually) only pays between 1% and 3% for a referred sale. So, in this case, for an Amazon affiliate to earn good money, they base their projected income on volume (traffic)!
Unfortunately, no simple, universal rule will enable you to find the perfect commission rate for your affiliate program. But I can confirm that a tool within Wealthy Affiliate called “Affiliate Program Search” will definitely help you choose the perfect company to promote to gain the highest payout!
Convinced that this can help you? Interested in changing your life and boosting your retirement income?
Then you can start right away by clicking this link or the button below:
Making money online isn’t only for the younger generations.
For retirees like you who know their way around the Internet, there are thousands of opportunities to make extra cash online using the skills you gained over the course of your career.
I have been an online business owner since 2015, and I have had massive success with this method. And things are improving as my website(s) grows!
Got concerns? Here is some reassurance
How do I do this?
How do I create a website?
How do I find affiliates to promote?
Sounds about what you have in mind right now?
I don’t blame you! It does sound a little bit overwhelming.
You may have several fears when it comes to getting into online affiliate marketing, including:
- Lack of technical knowledge and experience: You may be intimidated by the technical aspects of online marketing, such as building websites, creating content, and using social media platforms.
- Fear of failure: You may be worried about failing at affiliate marketing, primarily when you have invested time and money into building a website or creating content.
- Fear of scams and fraud: You may be skeptical of online opportunities, mainly if scams or frauds have targeted you in the past. The worry about losing money or being taken advantage of by unscrupulous marketers is still.
- Fear of competition: worrying about competing with more experienced or better-funded marketers, you may feel at a disadvantage.
- Fear of looking foolish: You may be concerned about appearing foolish or naive to your friends and family, especially those in your life who don’t know anything about affiliate marketing and think it`s a scam.
- Fear of being overwhelmed: You may be worried about the amount of work required to succeed in affiliate marketing, and you may be concerned about being overwhelmed by the tasks involved.
- Fear of age discrimination: You may be concerned that you will be viewed as less capable or less valuable than younger marketers and may worry that you will be passed over for opportunities because of your age.
It’s important to note that these fears are normal and are common among people of all ages and backgrounds who are starting a new venture.
It’s essential to do your research, educate yourself, and seek guidance from trusted sources to overcome these fears and succeed in affiliate marketing.
Like you, back at the end of 2015, I was looking to supplement my income.
I searched high and low on the Internet for ways to earn money using the Internet.
I started a few shabby/scammy money-making systems that promised way too much for what they delivered and, of course, lost some money!
Then, one day, I stumbled on a game-changing platform with everything I was looking for.
I didn’t know anything about Affiliate Marketing, so I joined this training platform called Wealthy Affiliate.
I looked it up, and people all over the Internet were raving about the benefits and advantages they had found with it.
I had been repeatedly burned by scammers and was skeptical, but I decided to join anyway.
Let me tell you that it was the best decision I have ever made to start my online business!
They have a FREE starter membership with NO credit card required, NO obligation, and NO commitment whatsoever, so I thought, “what do I have to lose?”
The best part? You can do the same and test-drive the platform without spending a dime!
Now, to show my gratitude for reading today’s topic, I’m also giving away my eBook for free to help you kickstart your affiliate marketing venture: