Creating a Lifestyle Business in Retirement: 4 Ideas

Retirement is a word that conjures up different things for different people. Some may see it as a chance to finally put their feet up and get away from the daily grind, while others will view it as an opportunity to start a new chapter in their lives.

For those whose outlook is more akin to the latter way of thinking, starting up a lifestyle business in retirement could prove to be the perfect option. If you have recently left work or are just about to, setting up a new business to supplement your pension will not only help financially, it will help keep you mentally active too.

Here are some simple ideas for retirees who are looking for some lifestyle business inspiration.

1. Tutoring

If you have knowledge in a particular subject and the thought of helping others appeals to you, tutoring may well be the ideal solution. With rising numbers of applicants for each and every job available, qualifications have never been more important.

Don’t think that you need to have had experience as a teacher previously either. As long as you have an area of expertise that will help students gain the qualifications that they are aiming for, you are in business.

2. Marketing

Marketing has changed beyond all recognition over the last decade or so. Online marketing is now vitally important for both small and big businesses alike, and there are ample opportunities for the entrepreneur to take advantage of.

If you are IT savvy and feel comfortable learning more about the online world, marketing is the perfect way to start gaining an extra income in retirement. Setting up a website has never been easier thanks to the likes of WordPress, Joomla! and Ghost – and with a reliable web hosting, such as Host1Plus VPS server hosting, you can guarantee fast and reliable connections to your new business venture.

3. Buy and sell with eBay

If you spend some of your time hunting around boot sales and antique fairs, and have an eye for a bargain, why not turn it into a low stress, enjoyable business?

Picking up items from LPs to knick-knacks at knock down prices and then selling them on via online auction houses such as eBay has become a passion for many, and they get a good living out of it too! Put your shopping skills to work and you could end up uncovering some pieces that pay very well indeed.

4. Property management

While you certainly do not want to get involved with the job of evicting tenants once you reach retirement age, you can certainly still offer up a valuable service to many landlords.

Housekeeping, light maintenance and key holding are all possibilities, and the amount of people needing these services is ever-growing as the buy-to-let market continues to boom.

There you have it, four simple ideas to get you started on the road towards better finances and a new business opportunity for your retirement years. Best of all is that as these are all lifestyle businesses, meaning you can pick and choose just how involved you want to get with each of them. Whether you’ll be satisfied with one client or earning just enough to pay for an extra holiday each year doesn’t matter – you’re the boss after all!