By: Catherine Perry
Are you a retiree looking for a business to keep you busy or help supplement your income? Then you should consider starting an online business in your retirement years!
Retirement—what does it mean for you? Gone are the days when people retire and sit in front of the television all day, play golf all day, or play bridge at the club every day. Of course, retirement should allow you to have fun and pursue hobbies, but today’s retiree wants to be not only active but also productive.
Statistics show that through the year 2030 an average of 10,000 people will retire each day when they reach age 65, which has historically been the retirement phase of life. According to cbsnews.com in the article “For many, ‘retirement’ means getting a job”, the typical old-fashioned retirement (a one-time permanent exit) is now the exception more than the rule. And, “more than three-fourths of older workers left their full-time career and had some form of subsequent employment. “
Retirees can miss being productive and feeling challenged. More than ever, people who retire are looking at opportunities that keep them mentally sharp as well as options that provide additional income. Because retirees have decades of work experience and knowledge to utilize, they are in the perfect position to become successful entrepreneurs.
If you’re approaching retirement or are already retired, you may have a list of things you want in your “second act” during retirement like:
owning a business
being “in charge”
building a business from the ground up
having a flexible schedule
using a wide range of skills (wearing many “hats”)
working from home
working from anywhere
Does any of this sound like you? Well, you may just want to look at owning an online business. If you own an online business, you can check all these boxes!
Here are three qualities of owning an online business.
Have a flexible workload: As the owner of a website business you have the flexibility to put in as little or as much time as you feel is necessary. You can work on your own schedule.
Have a home-based business: Having a business that is based out of your home allows you freedom and flexibility.
Have a business that is relocatable: Having an internet business allows you to work from any location as long as you have internet access. This means you can move from your current location or take an extended vacation and still run the business.
At Pure-Ecommerce, we have many industries represented in our online businesses. For a sample, we have selected 4 that are great to own during “retirement”or at any phase of your life —Pet, Gifts, Senior Care and Health & Medical. Continue reading…you may see one that will get you started on your “second act” today!
People are in love with their pets and the pet industry is booming as a result! In 2013, pet owners in the U.S. spent an estimated $55.53 billion on cats, dogs, birds, fish, horses and other pets. According to statistics on the pet industry by the American Pet Products Association (APPA), $66.75 billion were spent on pets in 2016 and expenditures for 2017 are projected to be $69.36 billion. This is a growth of over $10 billion in three years! As an online industry, it has great margins, vast product collections to choose from, and a large demographic to serve because consumers of all ages have many different types of pets. Plus, there are many different areas in which you can concentrate your business – from the most owned pets – cats & dogs – to unique and exotic pets, such as, reptiles, aquatics and farm animals too. The industry also offers pet owners a vast collection of products to ensure they have everything they need to keep their pets happy and healthy!
Here’s a couple of additional statistics we wanted to share with you about the pet industry:
Could this be the industry that interests you and you are interested in starting an online pet business? If so, take a look at the online pet businesses for sale at Pure-Ecommerce.
Gift purchasing and gift giving have developed over the last decades into a huge business, generating good profits to a large array of manufacturers and vendors. In the United States alone, consumers spend more than $280 billion in buying gifts/year, amounting up to approximately 10% of the entire retail market ($2.8 trillion in 2005), according to research on gift purchasing by www.itchybrainscentral.com.
The average consumer spent $2,062 on gifts in 2006, of which 60% were dedicated to holiday gifts, and the remaining 40% to other occasions throughout the year (anniversaries, weddings, and birthdays). Of course, the two biggest gift giving occasions are Christmas and birthdays. But, gift purchases are made literally throughout the year with such occasions as Mother’s and Father’s Day, Secretary’s Day, Boss’s Day, other religious holidays, christenings, and weddings. This makes online businesses focused on gifts a very big market.
Would you like to offer online shoppers a variety of gifts to celebrate a special occasion? Then we suggest you take a look at our collection of online gift websites for sale now!
Senior Care, Health & Medical
We are grouping the Senior Care market and the Health & Medical market together because they are closely related and are both in strong growth trends. As we know, we need more essentials to stay healthy the older we get. Many seniors are turning to the internet to shop for the products they need, which includes medical gear and senior care necessities. According to Pew Research, 82% of adults aged 50+ who use the internet perform research on health and wellness information.
Both the senior care and the health & medical markets open the doors to a huge portion of the population. In the next ten years, U.S. baby boomers will increase their annual spending on wellness, medical, and health-based products and services from approximately $200M to $1 trillion. And www.economyandmarkets.com says that “discretionary health care and wellness” is the top industry for baby boomer spending going forward. By 2030 the 65-plus population will double to about 71.5 million, which gives you access to an extremely large target market. Basically, this information tells us that anything related to wellness, health and medical will be growth industries for some time to come.
You can choose to either enter the online marketplace with an online heath and medical gear business, a senior care online business or combine the two and create your own custom design website with the help of the Pure-Ecommerce team.
So, if you are thinking about beginning your next chapter after retirement with owning a business, take a look at the many benefits of an online business. Having the ability to keep your mind active, have a flexible schedule, be productive, and make some money are just a few. And, in this article we’ve given you only a sampling of 4 industries that are great businesses to own in retirement, but we offer many more that could spark your interest. Does all this sound good to you? If so, look no further than Pure-Ecommerce!