10 side hustles to earn money online after retirement

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Retirement may signal the end of your chosen career, but that doesn’t have to mean you have to stop working. There are lots of ways to earn money from home, and there’s something for almost every interest.

Is working online a good fit for me?

In the past, retirement usually meant the end of a person’s working life, but that’s falling by the wayside. Economic pressures, along with a desire to share their skills and keep their mind sharp, may make working attractive to older adults, and the online world provides a way for them to do so.

If you do choose to take advantage of the side hustles on offer in the online world, you can continue to contribute to your RRSP up until age 71. You may also still be able to collect your federal and provincial retirement benefits.

What sorts of jobs are out there?

When considering the second phase of your working life, you may wonder just what’s out there for you. The possibilities may surprise you, and here are a few ideas to help get you started.

1. Tax preparation and accounting

If you are detail oriented and enjoy a challenge, working in tax may be a great fit. You may need to upgrade your skills and certifications beforehand, and doing so will open up a lot of options for you.

2. Consulting

If you’re highly proficient in your career, retirement doesn’t mean you have to step out of the field. You can share your skills and knowledge online as a consultant. You may find there are lots of people out there eager to learn, and you’ll be helping them in their business or career, which may prove satisfying.

3. Teaching

If you are a former teacher, you can continue to work by accessing the many tutoring jobs available. Websites like Wyzant and Preply can be good places to get started, and they may make for a smooth introduction if you are new to working online.

No matter what your background may be, if you are highly proficient in a particular area, you may be able to share your knowledge in an online class using Zoom, Microsoft Teams or another video calling platform.

4. Customer service and other remote work

Many businesses are taking advantage of the virtual world to get administrative and customer service work done remotely. Sites such as Rev, Sykes and TranscribeMe can be good places to start your job search, but whichever one you choose, do your research first. Find out how and when you will get paid, and be wary of any that ask you to pay upfront fees.

5. Put your home to work for you

If you have a vacation cottage or just some space in your home, it’s possible to earn some extra money by renting it out and advertising this online. There are even sites that can connect you with people looking to rent out storage space.

6. Making movies

While you may not be able to make a full-length feature, sites like YouTube allow you to share content and earn by monetizing your videos. This can be a good fit for you if you’re creative and have a working knowledge of digital video editing and production.

7. Passive income

If you love graphic design work, the internet may soon become your new best friend. Your designs can be added to everything from T-shirts to shower curtains, and you can continue to earn for as long as the design is up.

8. Affiliate marketing

Affiliate marketing may sound complicated, but it’s not. It simply means you place a link to another site on your own website, Facebook or other social media page, or other online platforms. The amount you learn will depend on which one you choose, and these range from Amazon Associates to ShareASale.

9. Open a virtual shop

If you’re crafty or have a lot of vintage items you’d like to pass along to a new home, websites like Etsy want to hear from you. They make it easy to set up an online shop, and they also help take care of the payment process as well as marketing. This can be especially lucrative if you’re able to tap into the niche collector’s market.

10. Put your virtual pen to work

If you enjoy writing, you may find it easy to put your talents to good use. There are many sites out there looking for creators of online content, and the pay structure will vary, deepening on the company.

Some prefer to write about topics they feel passionate about, and they may find the world of blogging really catches their interest. A niche blog that focuses on a specific area can be ideal for those with an in-depth knowledge in a specific field, and can be monetized by adding affiliate marketing links.

With so many options open to them, retirees may find they really enjoy this second phase of their working life. At Words of Worth, we offer our writers a simple way to earn while flexing their creative muscles. Contact us today to find out about joining our team.

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