Wednesday 2 September 2009

Can Pensions Be Replaced Through Making Money Online?

People Have Lost Their Pensions, Savings and the Value from their Property

The dream of retiring at 60 or 65 has disappeared along with the savings of many because of the financial carcrash they call the recession.  For these people, the vision of the 'golden years' has been wrenched out of foucus and replaced by the nightmare of permanent trolley clearing or shelf stacking.

A survey by the CBI revealed that between 25 and 35% of Directors think the number of people working past the retirment age will increase.  A further survey by CIBT revealed that 71%  of employees 55 or over believe they will have to work long past the retirement age.

This is depressing enough, but to make things worse, many employers are reluctant to keep people on after retirement age.   Older people have the highest salaries and wages, there is a perception that older people can't learn new approaches.  Finally, according to Charles Cotton, CIPD:

"An older workforce poses many challenges for employers in terms of motivation and inclusion."

As a result many face continuing to work into their 70s at jobs they may not have been willing to do before 60 or 65.

Can Making Money on the Internet Come to the Rescue?

In the UK, online sales have increased by nearly 350% between 2004 and 2008. But the number of businesses selling online is only about 17%.

Clearly this is a gap; an opportunity for people to start tiny enterprises selling popular goods and services on their own websites, blogs and from sites such as eBay.

Mining Your Blog

Starting a business online can be easier than starting one on the high street.  The affiliate business for example allows people to promote products other people produce. They do not have to manage stock, premises, staff, cash flow or any of the other nightmares besetting small entrepreneurs.

An affiliate signs up with a seller and gets a special link. The affiliate then promotes the relevant product or services online.

A visitor clicks onto the affiliate's site.  If the visitor likes the sound of the product, they will click the link and go to the seller's site. If they then buy the product, the affiliate is paid commission.  Simple.

Lifestyle of choice

Services as well as products sell well online and their providers are doing very well and often enjoying their new lifestyle.

"I have been working from home for a while as a science editor and writer" Carol Featherstone told Julian Warricker on the You and Yours Show. "I work for clients all over the world".

Not an easy option

I should emphasise that many people who have done it agree that working online is not an easy option.

"But it meant I could live where I wanted" said Featherstone who moved to South West France 10 years ago. "If you have to earn your living, being able to work with something that really interests you and in a place you love takes the sting out".

Learn to earn and earn while you learn

I would not try to say that everyone can earn a living doing this. There is a lot to learn, a lot to do. But I think anyone vaguely determined can create another income stream. I also think that anyone who is really determined can definately earn their living online.

It does not all have to be done in one go. If you are willing to give up some time you could join many people who are working a day job and building a business at night and weekend.

For those willing to have a go there are many ways to earn and many ways to learn the necessary skills.

Use your search engine and you will find plenty of free stuff to help you.  If you want to stay local, take a look at our website for information about affiliate businesses as well as a lot of other information about starting your own business, and if you like download the free 5 part course on starting an affiliate business.

Invisible online

One of the key advantages of working online is that no-one knows who you are. Grannies can set up sites selling leathers for bikers, call themselves Clyde – and no-one will know the difference.

Cash in the Attic look out, here comes cash in the computer.

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