1. Consultant
Older Americans have gained significant expertise in their profession over the years, which can be utilized to establish a part-time venture with adaptable working hours, once they retire.
2. Interim Executive
According to Collamer, there are presently firms that offer professional services for placing individuals in temporary high-level management positions. These temporary executives usually receive a favorable compensation and manage significant responsibilities.
3. Uber drivers
Ride-hailing apps provide unparalleled convenience as they allow workers to work whenever they have spare time and cease operations when they want to clock out. Additionally, seniors who yearn to leave the house can benefit from the position as it offers a socially interactive experience.
4. Peace Corps
Peace Corps is a viable option for retirees who seek a fresh adventure in their later years, given that 7% of its volunteers fall within the 50 and above age bracket.
5. Personal historian
Personal historians can assist customers with writing their memoirs, allowing individuals with a passion for both history and writing to combine their interests.
6. Life-cycle celebrant
These individuals act as the ceremonial leader during significant life events, such as matrimonial ceremonies.
Collamer suggested that individuals who enjoy weddings, significant life events, or conducting research may find the concept intriguing.
7. Entrepreneurial support
Retirees can start a flexible business by offering support services, given the increasing number of people venturing out on their own.
Collamer stated that though they are usually proficient in their fundamental operations, effectively managing other duties is necessary for their business.
8. Dog-walking or pet-sitting
Are you fond of animals and looking for a way to stay active during retirement? Consider taking on the role of a dog-walker or pet-sitter.
You have the option to work with only a limited number of clients while juggling your current responsibilities, keeping a low profile.
Generating a steady income is likely as most clients will require their dogs to be walked at consistent times throughout the week.
If dealing with disobedient German shepherds or Rottweilers doesn’t appeal to you, you could care for more petite animals such as cats, guinea pigs, or rabbits in the comfort of someone’s home.
Nowadays, a lot of individuals favor having someone check on their pets, replenish their food, and pamper them in their own familiar surroundings, instead of sending their small animals away to a cattery or a kennel.
Even though it depends on the situation, it is highly probable that you will require insurance, particularly when you possess your clients’ keys, and acquiring knowledge in pet first aid would be prudent.
9. Online seller
Are you skilled in discovering deals at second-hand stores and flea markets? Do you have a storage space filled with your discoveries?
Have you considered selling your products part-time by becoming a dealer on eBay or any of the various online marketplaces available?
Using local Facebook selling pages is also a viable option since they typically don’t levy selling fees unlike eBay.
Websites like Etsy provide a platform for individuals with skills in arts and crafts, such as creating jewellery and other items to sell their products.
Ensure that you price your items appropriately.
It is advisable to calculate the cost of production which includes materials and labor, and multiply that amount by a minimum of two. Additionally, it is recommended to investigate the pricing strategy used by competitors.
10. Turn a hobby into a business
Do you possess a skill that you excel at? Have you ever thought about transforming it into a profession? If yes, then why not seize the chance to do it today?
Rather than returning to their previous occupation, a lot of retired individuals opt to explore a novel endeavor.
It is possible for you to receive training as a driving instructor, masseuse, aesthetician, or even a therapist. These are careers that can be pursued from the comfort of your own home and can be scheduled around your other hobbies and activities.
11. Handyman
If you are skilled at repairing things in your household and are in good physical condition, why not establish yourself as a nearby handy-person?
Assuming you already possess the required equipment, your initial expenses should be minimal, and you can operate from your residence; however, you may require a vehicle to move your equipment.
Additionally, if you have been residing in the locality for a long time and have a wide social circle, you might have a group of potential clients that can be reached through a small-scale promotional activity.
Obtaining insurance in the event of an accident is crucial and it may be worthwhile to consider enrolling in training classes to enhance your abilities, if needed.
12. Adjunct professor
Consider returning to the place of origin: university.
According to Collamer, the work can bring a lot of satisfaction to individuals who have a chance to impart their knowledge and guide a fresh set of students as mentors.
13. Tutor
Share your knowledge to educate the future generation of brilliant minds.
14. Senior services
With the aging of the baby boomer demographic, there exists a significant opening to offer various kinds of services catered towards them, such as senior move management or home modifications.
15. Passion projects
Hannon suggested coming up with a business concept based on a current sport or pastime. As an illustration, she shared the story of a woman who transformed her passion for sewing into a venture that involved crafting pillows from used bridal gowns.
16. Tax preparer
Year after year, the tax code appears to become increasingly complex with fresh credits to avail and regulations to recall. Those possessing proficiency in tax preparation will find their abilities greatly sought after, particularly during tax season, and corporations such as H&R Block emphasize the importance of their personnel having adaptable schedules.
17. Pet groomer
The pet industry is a continuously growing market, with pet walking serving as a promising additional business prospect.
18. Professional organizer
Marie Kondo, a renowned author and expert in organizing, has played a significant role in popularizing professional organization.
19. Mediator
When confronted with the prospect of exorbitant legal expenses, a lot of adversaries choose mediation rather than prolonged litigation. This scenario offers a chance for individuals with adept conflict resolution abilities. To learn about how to become one, visit the National Association of Certified Mediators.
20. Rent out a room
There are alternative methods to earn additional money if you are not keen on resuming work at the moment.
If you’ve got a spare room going free and are comfortable doing so during the pandemic, why not rent out a room to a paying lodger?
Living in close proximity to a major city could enable you to discover a roommate who solely seeks a temporary abode during the weekdays when occupied with work tasks, thus granting you sole occupancy of the premises during weekends.
Alternatively, if you’re hesitant about having someone stay overnight in your home, you can consider renting out a room during the day for professional use.
Local entrepreneurs could require affordable and adaptable office spaces or a space that provides inspiration for brainstorming. Beewake and other similar websites make it effortless for owners to lease out their rooms.
If you have a driveway and reside close to a station, you have the option of renting out your parking spot to those who commute.
Furthermore, if your residence is situated in a sought-after vacation spot, you may utilize a platform like Airbnb to lease it out while you are absent.
