Retirement is supposed to be a time of relaxation and leisure, but more seniors than ever are embracing side hustles to supplement their incomes. Whether you’re interested in making a little extra money or just looking for a way to stay active and engaged, there are plenty of great side hustles out there for retirees. From freelance writing and consulting to pet sitting and online tutoring, these side hustles for retirees can offer a great way to make some extra cash while still enjoying your retirement.
26 Top Retirement Side Hustles
Here are some side gigs you can consider in your retirement years:
Retired professionals often have a wealth of experience and knowledge that they can leverage to write articles or blog posts for websites and magazines. If you’re an experienced writer, you can easily find opportunities to make money writing about topics that interest you.
Are you an experienced professional in your field? You can offer your expertise to businesses and organizations as a consultant. Depending on your experience and skill set, consulting opportunities can be found in virtually any industry.
For those who love animals, pet sitting can be a great way to make some extra money. Whether it’s walking the dog or just visiting to feed and clean up after cats, there are plenty of opportunities to help out pet owners in exchange for payment.
If you’re an avid gardener or landscaper, why not put your skills to work? You can offer gardening and landscaping services to local homeowners and businesses for a fee.
Rent out Extra Space
Do you have a spare room, basement, or garage that you could rent out? Renting out extra space can be an easy and lucrative way to make some extra money. You can list the space on a rental site like Airbnb or Craigslist, or simply advertise it in your neighborhood.
Are you a handy person? There are plenty of opportunities for retirees to offer home maintenance services in their community. From cleaning gutters and mowing lawns to painting walls and fixing appliances, there’s no shortage of jobs that require a knowledgeable set of hands.
If you’re tech-savvy, consider becoming a virtual assistant. From answering emails and scheduling appointments to creating presentations or carrying out research projects, virtual assistants are in high demand.
if you earn $600 or more from a client, a 1099 form is typically given to you. If you wish to cut expenses, you could think about forming an LLC. Contact an LLC expert like doola to guide you.
Do you have a knack for knitting or woodworking? You can turn your hobby into an extra source of income by selling handmade crafts online or in local shops. With the right marketing strategy, you can easily turn this side gig into a profitable business.
Another great side hustle for retirees is event planning. Whether it’s a birthday celebration or an anniversary party, there are plenty of opportunities to plan and coordinate events for clients. With experience in managing budgets and creating detailed schedules, you can help make any special occasion run smoothly and successfully.
Do you love cooking? Consider starting your catering business. With the right equipment and a bit of creativity, you can easily create delicious dishes for any occasion. Whether it’s a birthday party or a corporate event, there’s always demand for reliable caterers.
Retirees with a teaching background can put their knowledge to good use by offering tutoring services. From helping students understand difficult concepts to providing guidance and support on assignments, there are plenty of opportunities for those looking to help others reach their academic goals.
With decades of experience under your belt, you can offer invaluable advice and mentorship to younger people in your community. Whether it’s offering career advice or helping someone navigate a difficult period of their life, there are plenty of opportunities to be a mentor in exchange for payment.
Selling Used Items
Do you have unwanted items lying around the house? Why not turn them into cash? You can list the items on eBay, Craigslist, or even a local classifieds site like Gumtree and make some extra money.
Are you a travel enthusiast? Consider becoming a tour guide! From leading walking tours to bringing visitors around historic sites, there are plenty of opportunities to show people the beauty of your city. With your knowledge and experience, you can easily make this side hustle a regular source of income.
If you have an interest in blogging or running a website, why not try affiliate marketing? You can promote products and services from other businesses in exchange for a commission. With the right techniques and strategies, you can make being an affiliate marketer side hustle a great source of passive income.
If you have a knack for photography, why not put your skills to good use and offer your services as a photographer? With the right equipment and knowledge, you can easily make this side hustle a lucrative one. From taking pictures of events to capturing beautiful landscapes, there are plenty of opportunities for those looking to make some money from their photography skills.
If you’re looking for a creative side hustle, why not consider home staging? Home stagers help prepare homes for sale by arranging furniture, selecting colors and accessories, and creating an inviting atmosphere that will attract buyers. With the right eye for design and an understanding of the real estate market, you can make this side hustle a success.
Are you an organized person with a knack for numbers? Consider offering your services as a bookkeeper. From organizing financial records to preparing tax documents, this side hustle can be both profitable and satisfying. You can even use online tools to automate the process and make it easier to manage multiple clients at once.
A 1099 form is normally issued if you earn $600 or more from a client. If you wish to reduce your expenses, you may consider forming an LLC. For further information, speak with a professional expert, such as doola.
For starters, most stores are flexible and willing to work with retirees who may have limited availability due to other commitments such as travel or family events. Retail workers often receive discounts on merchandise as well, which can be a great way to save money on items you’d be buying anyway. Plus, the job can be a great way to stay active and socialize with other people in the community.
An online business is one that can be run from the comfort of your own home, allowing retirees to easily manage their schedule and work when it fits their lifestyle. Whether you are looking for something that requires minimal effort or a more involved venture, there are plenty of options available.
Teacher aids provide valuable assistance in classrooms, helping teachers with a variety of tasks such as teaching small groups of students, monitoring student behavior, grading papers, and more. Working as a teacher’s aid allows retirees to enjoy the benefits of flexible hours while still feeling useful and engaged.
Paid surveys are an excellent way for retirees to make extra money in their spare time. Not only do they allow you to earn a little extra cash, but they also provide an enjoyable and engaging activity that is sure to keep you entertained. Taking paid surveys is a relatively simple process, and there are plenty of legitimate survey sites out there to choose from. All you need to do is sign up, answer questions, and start earning rewards or cash.
Testing Apps and Websites
Retirees looking for ways to supplement their income without taking on full-time employment might consider testing apps and websites. This type of side hustle involves signing up with a company that tests user experience, functionality, and design of websites and apps. The job requires you to navigate through the app or website while making note of any errors or glitches that need to be addressed.
For retirees looking to take on a side hustle, transcription is a great option that requires minimal technical knowledge and virtually no overhead costs. Transcription jobs involve listening to audio or video recordings and creating written transcripts of the content. This could include anything from legal documents to medical records, interviews, lectures, and more. Transcription jobs are often done from home, making them ideal for you.
As a delivery driver, you can offer your services to grocery stores, restaurants, florists, and furniture stores, among others. Delivery drivers can earn an hourly rate plus tips, depending on the service they provide. In order to become a delivery driver, you’ll need to have a valid driver’s license, and vehicle insurance, and be able to pass a background check.
Retail arbitrage involves buying products at one store and then reselling them at a higher price at another store or online. This process can be done with items from discount stores, liquidation sales, clearance racks, and garage sales. Online retail arbitrage has also become increasingly popular in recent years, as it allows people to shop for products from the comfort of their homes.
How to Start Your Side Hustle as a Retiree in 5 Steps?
Starting a side hustle as a retiree can be an excellent way to stay engaged, pursue your passion, and generate additional income. Here are five steps to help you get started:
1. Identify Your Skills and Interests
Take some time to assess your skills, knowledge, and interests. Determine what activities or hobbies you enjoy and consider how you can leverage them to create a side hustle. This could involve sharing your expertise through consulting, offering services related to your previous career, or exploring new areas of interest.
2. Research Market Opportunities
Once you have identified your skills and interests, research market opportunities for your side hustle. Identify potential clients, customers, or target audiences who could benefit from your expertise or services. Consider the demand for your skills in your local community or explore online platforms where you can offer your services.
3. Define Your Offering
Based on your skills and market research, define your side hustle offering. Determine the specific services or products you will provide and clarify the value you will bring to your target audience. This could involve consulting, teaching workshops, offering personalized services, creating crafts or products, or any other activity that aligns with your skills and interests.
4. Establish Your Online Presence
In today’s digital world, having an online presence is crucial for reaching a wider audience. Create a simple website or utilize social media platforms to showcase your side hustle, share your expertise, and engage with potential clients or customers. Utilize online marketplaces or platforms specific to your niche to reach a targeted audience and promote your services or products.
5. Network and Market Your Side Hustle
Leverage your existing network and connections to spread the word about your side hustle. Reach out to friends, family, former colleagues, or acquaintances who might be interested in your offerings or who could refer you to potential clients. Attend local networking events, join relevant community groups or organizations, and engage with online communities or forums related to your side hustle. Utilize word-of-mouth marketing, ask for testimonials from satisfied clients, and actively promote your side hustle through various channels.
Stay Busy and Make Money with Side Hustles
As a retiree, you have a wealth of knowledge and experience to offer, which makes you an ideal candidate for side hustles. With the right combination of resources, skills, and enthusiasm, you can take advantage of opportunities that not only bring in extra income but also provide meaningful work. Whether it’s taking classes or writing books, starting a business, or renting out a property, there are limitless possibilities to explore.
You can partner with doola if you eventually decide to form an LLC for your side hustles. Remember that as a business owner, you must find ways to cut expenses while increasing your savings. We also provide other business creation services such as business bank account setup and bookkeeping. Contact us now!
Frequently Asked Questions
Do I need to have previous experience in the field of my chosen side hustle?
No, you don’t need to have any prior experience in the field of your chosen side hustle. For example, if you’ve always been interested in photography, you could start your own photography business without having any prior experience.
What are some legal considerations to keep in mind when starting a side hustle?
Depending on your specific side hustle, you may need to obtain permits or licenses, register your business with the relevant government bodies, obtain insurance, and pay taxes.
Is it possible to make a full-time income with a side hustle?
It is possible to make a full-time income with a side hustle, but it depends on the amount of time and effort you put into it.
What are the benefits of having a side hustle as a retiree?
The benefits of having a side hustle as a retiree include extra income, staying active and engaged, and the opportunity to pursue a passion or interest.
What are some common mistakes retirees make when starting a side hustle?
The common mistakes retirees make when starting a side hustle include not setting clear goals, overcommitting themselves, and failing to manage their time effectively.