A Great Home Business for Retirees: Dropshipping
If you are retired and bored, or simply need some extra money to augment your retirement income, here’s a great home business for retirees: dropshipping
Dropshipping is the ideal business for retired people for several reasons:
- Very low start-up costs
- No buying inventory
- No storing inventory
- No shipping packages
- You can work from home
- Work the days and hours that suit you
With the dropshipping business model, you choose the items you want to sell from a reputable wholesale product source. Then, you list them on the venue or marketplace of your choice, such as eBay or Amazon.
You only pay for the products you sell after your customers have paid you for them!
Your product supplier takes care of all packaging and shipping, which saves you not only time but money, as well.
You can start making money literally right away, too, no waiting to have income rolling in!
If you are getting close to retirement age and wondering if you may want to start up a home business for extra money, you might be interested in some of these stats:
- According to one recent survey, 36 percent of Americans say that they don't contribute anything at all to retirement savings.
- Most Baby Boomers do not have a traditional pension plan because they have been going out of style over the past 30 years.
- According to Time Magazine, the traditional pension plan is disappearing. In 1980, some 39 percent of private-sector workers had a pension that guaranteed a steady payout during retirement. Today that number stands closer to 15 percent, according to the Employee Benefit Research Institute in Washington, D.C.
- Over 30% of U.S. investors in their sixties have more than 80 percent of their 401k invested in equities. So what happens if the stock market crashes again?
- 35% of Americans over the age of 65 rely almost entirely on Social Security payments.
- According to another recent survey, 24% of U.S. workers admit that they have postponed their planned retirement age at least once during the past year.
- Approximately 3 out of 4 Americans start claiming Social Security benefits the moment they are eligible at age 62.
- Pension consultant Girard Miller told California's Little Hoover Commission that state and local government bodies on California have $325 billion in unfunded pension liabilities.
- According to a recent report from Stanford University, California's three biggest pension funds are $500 billion short of meeting future retiree benefit obligations.
- It has been reported that the $33.7 billion Illinois Teachers Retirement System is 61% underfunded and is on the verge of complete collapse.
- The 50 states are collectively facing $5.17 trillion in pension obligations, but they only have $1.94 trillion set aside in state pension funds.
- According to the Congressional Budget Office, the Social Security system will pay out more in benefits than it receives in payroll taxes in 2010.
- By 2025, it is projected that there will be approximately two U.S. workers for each retiree.
According to a recent U.S. government report, soaring interest costs on the U.S. national debt plus rapidly escalating spending on entitlement programs will absorb approximately 92 cents of every single dollar of federal revenue by the year 2019.
According to a recent AARP survey of Baby Boomers, 40 percent of them plan to work "until they drop."Source: Business Insider
Those are some pretty scary stats for retirees or those close to retirement age!
It might be prudent to give some thought to a second income to supplement your retirement money, and this is a great home business for retirees: dropshipping!