Network Marketing For Retirees

Network Marketing For Retirees

Network Marketing For RetireesNetwork Marketing For Retirees : In this article we are going to discuss whether network marketing is something retirees or those approaching retirement should consider either as a business to earn additional income and be able to work from home (or anywhere) or alternatively as an interest outside the workplace you have given or are still giving your time to.  The truth is there are two big problems for the “baby boomer” generation (that’s us).  It’s lack of money to fulfil our retirement lifestyle and/or lack of something interesting and worthwhile to do every day.

We were first introduced to the concept of network marketing back in 2004 whilst we still had our management consultancy business.  We loved the whole idea but back then we didn’t really have the time to develop it but the words “passive income” stuck in our minds and at the same time we began to pursue personal development not knowing where it would lead us down the road.

What is Network Marketing

Definition: A business model in which a distributor network is needed to build the business. Usually such businesses are also multilevel marketing in nature in that payouts occur at more than one level.

Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Some of the best-known companies in America, including Avon, Mary Kay Cosmetics and Tupperware, fall under the network marketing umbrella

Network marketing programs feature a low upfront investment–usually only a few hundred dollars for the purchase of a product sample kit–and the opportunity to sell a product line directly to friend, family and other personal contacts. Most network marketing programs also ask participants to recruit other sales representatives. The recruits constitute a rep’s “downline,” and their sales generate income for those above them in the program

Source : Entrepreneur

Why Network Marketing For Retirees

Speaking again from experience these are the reasons that we would highlight and they are very much the same as we talked about for affiliate marketing

  • Small capital outlay
  • Relatively low operating costs
  • Can be done from anywhere
  • No physical effort
  • Can be done part time while you are still working if you haven’t yet retired (that’s what we did)
  • You set your own hours
  • You are your own boss
  • No limit to what income you can generate

Many network marketing businesses are managed via the internet so we would suggest you have a laptop computer and also a smart phone as both will help you build our network marketing business more effectively and profitably.

Often you will hear the expression around a network marketing business as being a “leadership factory“.  Personal development is very important in this industry and we would agree and why we believe it’s well suited to retirees or those approaching retirement.  We’ve gained skills throught our careers and corporate or business life so now we can put them to good use for ourselves and have fun along the way.

We’ve spoken to many people from all walks of life who have decided to pursue network marketing in their retirement and it seems from much we have read that there are many benefits.

Before you commit to a network marketing company make sure you are very clear that if you want an income from it as a business then you must treat it as a business.  If you treat it as a hobby you will get paid as a hobby… not problem there just be realistic!

Our colleague Robert Laura wrote in a Forbes Article back in 2014 and this is an extract from that article:-

“The interviews and psychological connections lead me to conclude that MLM and NM companies, along with other small businesses opportunities, are important considerations for anyone entering retirement.  In fact, I believe the concept of starting a business for retirement income will become one of the most significant trends impacting retirement in the 21st century.  But it has to start with redefining entrepreneurship and framing it into a retirement lifestyle.  That means helping people find ways to turn a passion, hobby, or personal desire into extra money in their pocket… not to mention helping people see the importance of  planning for the non-financial aspects of retirement such as replacing a work identity, staying relevant and connected, as well as keeping mentally and physically fit.”

Whether you’re interested in starting your own business for retirement income or helping others explore this entrepreneurial path, download our free guide:  How To Start a Business For Retirement Income here

We’re huge advocates for starting a business in retirement for all of the reasons cited by Robert and we have a network marketing business and an affiliate marketing business because we love both.

We love to travel and a network marketing business in the travel business suited us not just because we want to travel more in our retirement but because quite honestly there was nothing else in any other industry that truly floated our boat.

Travel may not be your thing and all we would say is find something that you enjoy doing, and comfortable talking about with friends and prospects.  Traditionally a network marketing business is built person to person but these days it is easier with social media and online marketing but ultimately it’s what you feel comfortable with.

Why not take our quiz and see where it takes you…

Enjoy the journey and have fun along the way

You may also like to read Affiliate Marketing For Retirees

Thanks for reading and do leave us your thoughts or any questions you have below – we are real people and we try to respond within 24-48 hours

Chris and Susan Signature

Who Are We

We’re former accountants of a certain age with 5 great kids, 4 grandchildren and a cat called Vincent ? We love skiing, the mountains and traveling the world and have achieved a fabulous life helping others to start and build successful businesses online and now speak on international stages following our passion.  Our business is centered on online marketing, financial and business education for those in or approaching retirement.  You can find out more and ways to work with us here

Authors : The Mindset Shift  The Mindset Shift Goal Setting Secrets  Retire Inspire

Work With Chris And Susan

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Affiliate Marketing For Retirees

Affiliate Marketing For Retirees

Affiliate Marketing For RetireesAffiliate Marketing For Retirees : In this article we are going to discuss whether affiliate marketing is something retirees or those approaching retirement should consider as a way of increasing their retirement income or “pension pot

We feel we are well qualified to write about this subject given that we have been generating a “retirement income” online for nine years now through affiliate marketing.  When we started we were in our mid fifties and now in our mid sixties.

We’ve written many books on the subject as well as taught and trained hundreds of people all around the world.  It works for us and we firmly believe it can work for you too.

Let’s explain first what affiliate marketing is and how it works

What Is Affiliate Marketing & How Does It Work

There is no need to complicate this.  It is simply one person helping another sell something to someone else and in return receiving a payment usually known as a commission.  There are various ways and means this is done but suffice to say most affiliate marketing is done online which makes it a perfect solution for retirees or soon to be retirees as it’s a perfect location free business.

In practice affiliate affiliate marketing looks like this and we’ll use ourselves as an example:-

Chris and Susan as affiliate marketers promote (market) a product or products of Peter (the merchant).  Stuart (the customer) sees the product being marketed by Chris and Susan and purchases the product.  Peter then pays Chris and Susan a commission on that sale. Everyone is happy.  The customer, the affiliate and the merchant.

Affliate Marketing For RetireesThe world really is the oyster for the affiliate marketer (Chris and Susan in this instance).  They decide on the type of products they want to promote and then finds different ways to promote (market) those products such as having a website (like this one you are reading this article on), through video on YouTube for example, PPC (pay per click) on Google, Bing, Facebook etc.

The affiliate must find the merchant(s) that sell the products they want to promote and join their affiliate program.  They are provided with a unique link to promote the product so that when a customer buys from that link the merchant knows that Chris and Susan made the sale and he can then pay them their commission.

There are lots of places to find products to promote such as Clickbank, Commission Junction, JVZoo, Warrior Forum etc

There are hundreds if not thousands of niches and products that can be sold in this way and we recommend you choose one that best suites you and which you are passionate about.  We personally work primarily in the education and training niche and sell digital products within that niche.

What Do You Need To Be An Affiliate Marketer

There are some essential tools you will need to be successful as an affiliate marketer. The ONE you absolutely must have is a computer.  Given us retirees want to travel then a laptop computer is perfect for this.  So many times we hear of people trying to run an online business on a smart phone or a tablet and it really doesn’t work although they are absolutely great tools to have in combination with a laptop (we couldn’t be without our iphones when we are travelling).

The other essential tool is KNOWLEDGE.  We don’t mean you need to be an expert but you do need to know how online marketing works and what you have to do to be successful with it. That’s exactly whey we wanted to promote online business education.  Like anything new, you need to know HOW TO DO IT to be successful at it!

We actually created a training site called Online Business Essentials which explains in more detail and you can join up for free and go through our basic training.  The way to gain the necessary knowledge is through on online training program and whilst there are some very good ones there are also some very bad ones and some are outright scams!

It’s why for initial training on affiliate marketing we created our own but we also work with programs that have our seal of approval and you will find further information on these on our website here

Why Affiliate Marketing For Retirees

Speaking again from experience these are the reasons that we would highlight

  • Small capital outlay – just a computer to start
  • Relatively low operating costs
  • Can be done from anywhere where there is an internet connection
  • No physical effort
  • Can be done part time while you are still working if you haven’t yet retired (that’s what we did)
  • You set your own hours
  • You are your own boss
  • No limit to what income you can generate

In summary, affiliate marketing is a great business for someone in or approaching retirement as it gives us flexibility in the hours we work but knowing we are going to need additional income, we can do so while doing something interesting and new.

It is going to involve some work particularly in the early days when it is all new but the thought that you are doing something where you are your own boss and can work the hours you choose is definitely a great reason.

We hope we have given you food for thought writing this article and whether affiliate marketing is something you want to consider.  It works for us and has given us the freedom, flexibility and income to enjoy this stage of our life and we hope it can do that for you too 🙂

Thanks for reading and do leave us your thoughts or any questions you have below – we are real people and we try to respond within 24-48 hours

Chris and Susan Signature

Who Are We

We’re former accountants of a certain age with 5 great kids, 4 grandchildren and a cat called Vincent ? We love skiing, the mountains and traveling the world and have achieved a fabulous life helping others to start and build successful businesses online and now speak on international stages following our passion.  Our business is centered on online marketing, financial and business education for those in or approaching retirement.  You can find out more and ways to work with us here

Authors : The Mindset Shift  The Mindset Shift Goal Setting Secrets  Retire Inspire

Work With Chris And Susan

Leave us a comment and tell us what you thought about this article “Affilate Marketing For Retirees” and please Like, Comment and Share

 

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