What will you learn?

• 1- An online business can provide you with as little or as much additional income as you want.
• 2- As with any business, an online business requires dedication and commitment to make it work.
• 3- Getting started with an online business is not expensive especially when compared to a conventional brick and mortar type business.
• 4- The best type of goal to set is a financial goal.
• 5- The good thing about running an online business is that it is pretty easy to measure everything.
• 6- When you have decided on your goal(s) for your online business then you need to create a plan for how you are going to achieve it.
• 7- The ultimate aim with your plan is to have a list of tasks that you can work on every day which will move you closer to achieving your goal.
• 8- The most important thing about starting and running a successful online business is visitor traffic.
• 9- Affiliate marketing is one of the easiest online businesses that you can start.
• 10- Physical products are an easier sell than digital products.
• 11- The disadvantage of promoting physical products as an affiliate is that the commissions tend to be very low.
• 12- The biggest drawback with affiliate marketing is that you have to share the revenue generated with each sale with the product owner.
• 13- When you create a product in a specific niche, your audience will perceive you to be an expert in that niche.
• 14- When you can solve people’s problems you will be rewarded.
• 15- The best way to price your product is to look at what others are charging for similar products.
• 16- All website owners have a need for unique and high-quality content.
• 17- Do not just dive straight in with an online business.
• 18- You need to set up the basics of your online business properly as these are the essential foundations.
• 19- You can start a drop shipping online business fast and fairly easily.
• 20- Affiliate marketing is a great place to start for seniors and retirees.

Online Business Ideas For Seniors And Retirees – Cheat Sheet
Turn Your Free Time Into Profits

Step 1: Benefits of an Online Business for Seniors and Retirees

• A new source of income
• It’s not expensive to get started
• Work whenever it suits you
• No set hours or commuting
• You just need a computer and an Internet connection
• You can work from anywhere
• It will keep your mind sharp

Step 2: Be Prepared for your Online Business

• Step #1: Identify the amount of time you are willing to commit
• Step #2: Determine what you want to achieve from your online business
• Step #3: Set goals using the SMART process
• Step #4: Create a plan to achieve your goals
• Step #5: Create daily tasks
• Step #6: Identify the tools that you need
• Step #7: Identify the training that you need

Step 3: Setting Up the Basics for Online Business Success

• Step #1: Choose a great domain name for your online business
• Step #2: Find a dependable and reliable web hosting company
• Step #3: Test the support provided by web hosts
• Step #4: Ensure they have one click WordPress installation
• Step #5: Connect your domain name to your web host
• Step #6: Install the WordPress platform
• Step #7: Choose a good theme for your online business
• Step #8: Install the right plugins
• Step #9: Choose a good autoresponder service

Step 4: The Importance of Traffic Generation

• Step #1: Understand that no traffic means no income
• Step #2: Perform keyword research
• Step #3: Learn the basics of SEO
• Step #4: Optimize your site and content for SEO
• Step #5: Use video marketing
• Step #6: Write articles and publish on Medium.com
• Step #7: Use social media to drive traffic
• Step #8: Create guest posts
• Step #9: Consider PPC traffic
• Step #10: Consider social media ads
• Step #11: Consider native ads

Step 5: Benefits of Affiliate Marketing

• Promote products and services for a commission
• Low cost and low risk
• You do not need your own products
• No customer service issues
• Promote physical or digital products
• Many ways you can promote affiliate offers

Step 6: Creating Your own Product

• Step #1: Brainstorm winning product ideas
• Step #2: Choose the right niche
• Step #3: Solve a problem with your product
• Step #4: Test your product ideas for demand and monetization
• Step #5: Decide on product type and price
• Step #6: Create your product

Step 7: Sell Services as an Online Business

• Choose services that are in demand
• Content writing
• Copywriting
• SEO services
• Graphics design
• Website development and troubleshooting
• Programming
• Social media marketing
• Business plan creation
• Consultancy services
• Consider drop servicing

Step 8: Other Online Business Ideas

• Drop shipping
• Amazon FBA
• Create and sell online courses

Step 9: Seniors and Retirees Online Business Best Practices

• Understand the benefits of an online business
• Be prepared for your online business
• Set up the basics properly
• It’s all about traffic
• Affiliate marketing
• Create your own product
• Sell services
• Consider other online business ideas