First off, let's discuss the title of this post. No, I am not old, nor am I retired. Also, I did not mean the title to be condescending in any way. To be honest, it was just the most practical way to get the attention of any 50+ year old people out there that were wondering if the whole “internet money” thing was a young persons game.
The fact is, I get this question a lot, and I have a few thoughts on this that may give you some new perspective. There are many folks out there that lost a lot of investment dollars in the stock market crash as well as the housing crash of recent years. There are those that had an unexpected family crisis that drained their savings, and some that just didn't plan well enough.
But not all is gloom and doom, I've also run into quite a few emails that talk about wanting an extra cushion for vacations, building an inheritance to pass on to their children, or just a practical hobby to pass the time.
ALL if this is possible with an internet based business, but you need to know what you are getting into before you get started. I know, because I work full time online. It's not rocket science, but it does require that you put in some time to learn what you need to do, and more time to start seeing results.
hope you find the answers you are looking for here. I will discuss some of the unnecessary hurdles you are creating for yourself, as well as some of the real challenges you will face.
What Exactly Is This?
In a nutshell, what I do is create a website and sell stuff on that website. I don't actually own the things I sell. I link to products from other companies, and earn a commission for each product sold. I will link you to my free beginner course at the bottom of this post, so if you are a still a bit unclear, don't stress.
This is an amazing way to earn money because I don't have to purchase inventory, I don't have to rent a building to do business in, I don't pay employees, and I get to help people that are interested in the same topics as I am.
The majority of the work involved in this line of work is typing. If you still hunt and peck like my dad does, you MUST learn to type efficiently to cut down on the amount of time it takes you to type an article.
You also do a lot of sitting because there's quite a bit of research time involved on top of the typing, so keep that in mind.
Challenges Unique To Older People
Let's cut to the chase and find out what exactly you're worried about. Some of this is speculation on my part, some of it has come from emails I've received.
Worried About Getting Scammed
With all those years under your belt, you need to use your common sense. If someone knocks on your door and says they will give you a suitcase full of money if you just pay $50 for the case, would you believe them?
Then why would you believe some “voice” on the internet that says you can make $10,000 per month with no work, no skills, and cash will start flowing to your bank account tomorrow? Most scams out there are obvious if you use common sense.
If you are still worried, then the easy answer is to just buy nothing, unless I say it's OK. Just kidding 😉 LOL.
Fixed Income Concerns
If you are on Social Security or some kind of fixed income, you need to take a serious look at your finances and see if this is something you can actually afford. Training prices varies, but if you can't stand to invest $50 per month into your education and your business, then maybe this is not for you. If you are worried about putting food on the table or paying the rent, this is DEFINTELY not for you.
Online business is similar to brick and mortar business in that there are no guarantees. A guy starting up a McDonald's franchise or his own auto body shop doesn't would not start a business if he only had enough money to run the business for 2 months before going belly up.
Starting an online business is a lot cheaper than traditional business, but there are still some financial risks you need to be aware of.
Slow Learning Concerns
This is probably the most common comment I get from retired folks taking my course.
True, everyone jokes about getting old and what happens to our minds. My mom always teases my grandparents, saying they have “some timers”. I plan to do the same to her. And to be honest, it's a painful experience to watch my dad work a computer. It's like I've entered the matrix and everything has suddenly slowed to bullet time. He also doesn't use his iPhone for anything other than to browse the internet and make phone calls, but that's a story for another day.
But enough making fun of my parents already. Is this a young persons game?
As long as you are not mentally ill or have a learning disorder, you can pretty much learn anything that a younger person can. It might take you a bit longer, but as i mentioned above, online business is not rocket science. The #1 thing you need to keep in mind is that you are helping people find the products they want online. All you have to do is be honest, and you can make sales.
Personally, I think that if you stop telling yourself “I'm old and this is hard”, I think a lot of the challenges related to “being slow” will disappear.
Not all though. The fact is that our bodies break down as we get older, and this includes the mind. You might type slower, or take longer to get things done. But it's better to get a money making businesses built in 2 years than not at all. What young folks have in vitality and speed, you can make up for with patience and consistency.
Long story short, go at your own pace, but don't make excuses.
Fear Of Technology
There's no way around this. Sorry. You've got to get to know a computer. You don't have to turn into a super hacker, but you do need to figure out how to turn the computer on, log into your website, check email ,and maybe even troubleshoot some issues by looking in Google.
Technology is no different than learning a language, or learning a trade skill like carpentry, or even learning about a new town when you move. It will be overwhelming at first, but if you take it bit by bit and don't give up, you WILL make progress.
My grandfather learned how to make wine at age 70. You can definitely learn how to publish an article on your website!
Even if that progress is slow, learning is never linear. It snowballs. If you learn 1 thing today, and 2 things tomorrow, the next day you might learn 10. The point is that you shouldn't defeat yourself before you get started.
Look at learning about “the internet” the same as you would learning anything else that interests you. A fear of technology is just using your age as a crutch.
How Are You Doing So Far?
If you've made it this far and are still reading, then I think you'll be fine in the world of online business. 99% of the challenge of learning internet marketing is actually sitting down and learning. If you can learn from other people and learn from your mistakes, then you can build a successful business.
Challenges Everyone Faces
But wait, we're not done yet! There are still some other challenges to consider. On this part you don't get any special excuses. Everyone faces these challenges 🙂
Anyone that makes money online goes through slumps where they don't feel motivated to work on their business. Those that are working on their business and not making money experience more of these “lack of inspiration” moments.
It's just human nature. I don't have any really good advice here except to tell you that this is normal and you need to find some way to get yourself out of slumps. I tend to distract myself with other work. Some people take vacations from the keyboard.
Working consistently regardless of mood swings is a vital component to being successful in any business venture.
It's important that you see the money going into your business and funding your education as an investment. Spending money on a trip to the movies is not the same as spending money on your business.
I see lots of people that start a great website, and 3 months later quit because they decide they don't have the money to continue to pay for training or host their site. I'd bet $10 that they still had a Starbucks trip that week.
I certainly don't want to judge how anyone spends money, but if you go into this looking at a business venture as a drain on your finances instead of an investment in your future, then you are starting out on the wrong foot. At the first sign of trouble, be it money, time, or motivation related, your business will be under threat.
We've all got things to do. If you are retired, great! You have all the time in the world, and the only thing left to do is schedule it properly.
If you are still working a 9-5 and trying to earn money so that you can actually retire, then this might be a challenge. A younger person with a bit of motivation can work 16 hour days or more. I don't know you personally, but I know that after a full day's work, my dad is pretty beat.
And though he can find time go out for coffee or a movie or something fun, it's a real challenge mentally and physically start another kind of “work”, be it fixing the car, or doing work in the yards.
If this is you, this is just one of the challenges you'll have to find a way to work through it. I know I'm not a great advice-giver, lol. But I am a pretty darn good fact-giver.
The #1 challenge that everyone faces is a belief in one's self. So many people start out skeptical, and a huge number of people quit when they don't see success.
“Well, I guess this just wasn't for me”. This is not true.
The fact is ANYONE can make money online. Especially if you have a solid training program and a great set of mentors, success is inevitable if you give it time and devote energy to learning, as well as taking action on what you learned.
The Advantage YOU Have
I talked a lot about challenges of online marketing for old or retired people, but there is one HUGE advantage I see.
You've got a large number of years of experience in LIFE. Young people may learn faster, but you have more patience. They may know more about technology, but you know more about the value of hard work. You might make more mistakes, but you also know that they are not the end of the world.
The #1 reason I see young people quit this business is impatience. They work on their website for a month or two, don't see any results, and move on to the next “shiny object”. The thing I love to tell them is that if you can do for a year what no one is WILLING to do, then you can do for a lifetime what no one CAN do.
Use your life experience and translate those skills into the world of online business.
The Rewards You Stand To Gain
So what's the point of all this hard work, motivation, and learning? Money.
Online business is a seriously profitable venture that can change your life for the better. I do this full time and support myself, my investments, and fun stuff too. I won't brag about stuff I have or how much I make. Suffice to say, this is my full time job, and I can teach you how to do it.
Aside from computer literacy, you'll also know more about the world of online marketing than the average MBA. This means you'll have some very unique and valuable skills that can be put to use in many ways. Suddenly, you have become an asset to any local business looking to get into online marketing.
But those are just extras. I don't make money doing either of those things. All of my income is made by building simple websites about topics that interest me. I then write articles and I sell other people's products through affiliate marketing. People make hundreds or even thousands of dollars per day doing this, and there's no reason you can't do it too.
Right now you are looking at an open door of opportunity. It could mean an early retirement or extra money to make your current money situation more comfortable. It could mean the difference between reaching your financial goals or not.
If you would like to start learning, I recommend my 5 day email course. It's free, and newbie friendly. It'll get you signed up for some free beginner's training at the same online training center I took my initial training (no I didn't learn this stuff in college). Take the free courses, see what you think, then decide if online business is for you.
Are 50+ and thinking of starting an online business? What are your fears? After reading this post do you think it's possible for you?