Retirement Entrepreneurs Blog

Comments, rants and tips on baby boomer small business ideas
and working after retirement.


Author: Ingvar - Retiree In Training  


Working after retirement


Of course your retirement business should be "Part-Time". You are retired from your day job. Why would you want to go back to the grind of a full time job? Keep in mind, if your business is so much fun and exiting that the hours just vanish into thin air - it's OK. Then it's a life style.

What is part-time to you? 10 hours a week? 20? This should be part of your ...
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Most entrepreneurs build businesses with the thought of selling the business at some point in the future. Which is of course the perfect exit strategy. IF the business is easy to sell. One of the roadblocks in selling a business is if the owner is the business brand. If you own Joe's Investment Advisors, YOU (Joe) are the individual people seek out for advice. Often from referrals from friends and clients. A business like that ...
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I use search engines all day. Google isn't the only game in town, although it is capturing 67% of all Internet searches. The bulk of the rest is through Bing and Yahoo although they tend to use the same database. I often search both Bing and Google to find stuff and to analyze keywords. So to save me some time I built a cool little dual search engine. Here you can safely search both Google ...
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Like many budding retirement entrepreneurs you want to start a business. Any business. You might have a plan already, you know what business you want. Retail? Online - whatever. Here's what you need to ask yourself:

Are you able to weather the economic roller coaster? All businesses experience ups and downs. The ups are great, the down painful. Do you have enough money to handle the downs? Are you emotionally ready for the down ...
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Going back to what you need in the bank to earn $1,000 per month. Safely. It's $250,000. That's without touching your capital. At 5% - very safe.

The thing I have been pondering is how safe is safe? How safe do you need? Would you increase risk for a better return? That's the stock market game of course. Investment advisors always find out your risk limits. Would you increase your risk factor by ...
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How much do you need to generate $1,000 per month in retirement? Let's say you can get 5% return on your capital. To calculate how much principal you need take the annual income desires and divide by the interest percentage. So to receive $1,000/month you need $250,000 in the bank. ($12,000/0.05)

To receive $4,000 a month then - you need a cool million bucks saved up. Don't have it? Then you might consider joining ...
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Domain names are the real estate of the internet. Domain names with income is a hot commodity. Owning say 100 domains with income is like being the owner of an apartment building with 100 suites. The building (=domains) have an intrinsic value as do real estate and the income from the suites (=advertising/affiliate) adds to the value.

Let's take an example from my own portfolio. In Feb 2006 I hand-registered FbiBackGroundChecks.com for $12. I ...
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What about all those ads we see about work at home employment? They are all over the place. And often seen in spam emails. Many are total scams. Like envelope stuffing, Rebate processing and so on. If it is too good to be true - it is. Here's a great FTC article about what to watch out for:

http://www.ftc.gov/bcp/edu/pubs/consumer/invest/inv14.shtm


However, there are some legit opportunities. If you see one advertised, and go to ...
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Clickbank is an online marketplace for various products and e-books. Most are "how to" books and courses. Some are software products. You can check it out here www.clickbank.com

To make money on Clickbank (after you get an account) you set up websites related to the product you want to sell, get some traffic and when people buy the products via your affiliate links you get a commission. Easy, right?

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In a conventional business like a retail shop you buy stuff at a price and sell it for a higher price. Simple. Out of the difference you pay yourself and other expenses.

In the Internet world like blogs and websites traffic - visitors interested in your site's content is the currency. You monetize the site by either displaying ads and get paid per click or you are an affiliate earning a commission each time ...
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