12 Legit Ways Seniors Can Make Money Online (Seniors Making Money Online In Retirement) (2024)

Are you a senior citizen looking for ways to make money in your retirement? How about you do some online jobs that let you work from the comfort of your house?

Online jobs can be a great way for seniors to make money in retirement. You will work whenever you want to and you can work from home or in a hotel room in your dream destination. You also get to choose what to work on and what not to.

No more hustles of 9-5 jobs. I know you crave this peace of mind in your retirement.

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If you are looking to stay busy and productive through your days, get started with the following money-making ideas for seniors.

12 Legit Ways Seniors Can Make Money Online (Seniors Making Money Online In Retirement) (1)

Legitimate ways seniors are making money online (make money in retirement from the comfort of your home)

Don’t forget: 200+ Best Work From Home Jobs: Top Companies With Remote Jobs

1. Become a Transcriptionist

A transcription job is suitable for you after your retirement. Why? You will work when you want to and as much as you want to. You will work from home and at your own pace.

You will be required to convert an audio recording or a video recording and convert it into usable text. It’s the word-for-word written documentation of a recording.

Transcribing job can earn you $15 for beginners and $25 to $35 per hour for advanced transcribers.

You will need:

  • A reliable computer
  • Stable internet connection
  • good headphones

Does transcribing sound like your dream retirement job? Check out our guide on how to become a transcriptionist.

More resources:

  • 30 Best Online Transcription Jobs From Home
  • 30 Online Medical Transcription Jobs From Home

2. Become an English tutor

Were you an English teacher before your retirement? If yes, becoming an online English tutor can be a great way to make extra money in your retirement.

If you were not an English teacher, worry not: many English-as-Second-language tutoring companies hire natives to do the job. You just need to be a native speaker.

Sign up with companies that hire English tutors. Check their requirements. Different companies have different requirements for the tutors they hire.

To boost your chances, you can get a certification for Teaching English as a Foreign Language or teaching English to speakers of other languages. This is an important way of gaining the knowledge and skills to be a good tutor.

The salary depends on:

  • The company that has employed you.
  • The hours you put in.
  • Your qualifications and experience.

It can take weeks of application, testing, and negotiations before you start working and earning.

3. Become a Virtual Assistant

Becoming a virtual assistant can be another great way to make money online in your retirement, thanks to its flexibility.

Your work will be to do administrative work for your clients remotely.

Duties can include:

  • answering emails
  • answering phone calls
  • scheduling appointments
  • running social media accounts

To get started:

  1. Sign up on these companies that hire virtual assistants.
  2. Leverage your experience to land your first client.

Create a portfolio to give your potential clients a place to view the services your offer. They can also use your portfolio to see if you are a good fit for the job.

A virtual assistant can earn anywhere from $10-$75 per hour depending on expertise and experience. You can start by charging for your services hourly. When you acquire more experience, you can then charge at a flat rate.

Learn more: How Gina Makes Over $100/Hr as a Virtual Assistant (and How You Can Too!)

4. Sell Stuff Online

Have stuff that you could do without? How about you sell the items online?

You can use platforms like eBay, Etsy, Facebook marketplace, and Amazon to market your products. This will help you get rid of items you no longer need in your house.

Ensure you have a:

  • Descriptive headline for your product to help your potential customers quickly know what you are selling.
  • Good descriptions for the product. Ensure your description is short, detailed, and accurate.
  • Good picture for the product. Take a high-quality pictures of your products and set good backgrounds.

Make sure to ship the goods soon after they are purchased. Respond to any questions and complaints immediately.

Wondering what to charge for your second-hand items? You can determine the price of your products by looking at what other people are charging.

Further reading: 10 Best Websites To Sell Items Online

5. Start a blog

Another great way to make money in retirement is blogging. Here is why blogging will work well with you in your retirement:

  • Flexibility: You can update your blog when you want to. You create your schedule of work.
  • Blogging is not so technical as you might have thought before.
  • You can choose to go part-time or full-time

If you understand something well (say the work that you have just retired from) you can share this knowledge with other people through a blog.

Publish articles on your blog and share links on social media. This will not be hard because you already have knowledge about what you will be writing on.

Get traffic to your blog from platforms such as Google, Facebook, YouTube, and LinkedIn. Promote your blog on these sites to attract visitors.

With blogging, you can make money by:

  • Selling advertisem*nt space.
  • Including affiliate links within your articles
  • Selling your products

6. Take Paid Online Surveys

You will like how laid-back online surveys are. Doing paid surveys is one of the easiest ways to make money online. Imagine being paid to give your opinions!

To get started, you first need to sign up and complete your profile on survey sites.

Once you get approved by the survey sites, they will contact you (primarily through email) when a survey matches your profile. You can also browse the survey sites to find more surveys.

Tip: Sign up with as many surveys sites as possible so you can get more invites.

Each survey provider has different quantities of surveys and different focus areas. You earn points for completing surveys and participating in reviews. You can also be paid for giving the company authority to monitor which websites you visit.

How much you earn typically depends:

  • Number of surveys you take and complete.
  • The time that is taken to complete the survey.

You can earn anything from $1-$5 per online survey. To make the most out of the surveys, try to:

  • take a good number of surveys
  • check for new surveys when they become available
  • answer daily polls

Here are some more resources:

  • How To Make Money Doing Surveys
  • 17 Online Surveys That Pay Through PayPal

7. Rent Out Your Free Space

Do you have any free spaces in your house?

Maybe your children moved out already?

This can be turned into a cash-generating business. You could rent out an unused bedroom, garage, and even storage spaces.

You can rent your whole house if you are not using it or when vacationing. We know you are just retired, and maybe you want to tour the world. You can rent spaces to friends, family, tourists or rent them out on Airbnb.

You need to decide what space you want to rent and for how long. Check local laws to verify if renting out spaces is allowed in your area. Take photos of your space and write a description.

Define terms and conditions for your tenants. Research and set a competitive price. It would be best if you also considered risk and insurance. Then you can find tenants by listing services or through word of mouth.

How much you get paid depends on the size and state of your space as well as its location. Ensure you keep the space in a good state. This will attract more tenants and earn more money.

8. Sell Art on Etsy

Do you have the skills to make some handmade items? It can be drawing, painting, or making woodwork.

Take high-quality photos of your crafts. This will help your art stand out from other people’s.

Upload your art on Etsy. New items are listed on top of the corresponding section for a short period. Make sure to use the correct tags and place your art in the right category. Promote your Etsy post on social media and your blog.

Calculate the cost of your materials, time, and Etsy fees to price your product. Check out the competition. Check for sellers selling the same product. Check their prices and see if their products are better. Then explain the difference in your product description.

Here are some ideas for Easy DIY Crafts to Make and Sell Online for Extra Cash

9. Selling Printables

You can sell printables online during your retirement.

Printables are products that can be downloaded and printed.

There are several sites that you can leverage to sell printables. Come up with a printable idea. It can be invitation cards, wedding cards, or even stickers.

Create your printable and post it on Etsy or on your blog if you have one. Create a listing and upload your printables.

Whether selling on an online marketplace or your website, create a sales page for your printable. A good sales page enables you to talk and answer questions about your product.

Selling printables is suitable for retirees because it does not require significant investment. A printable can be made once and resold or bought severally. This is another thing I love. For instance, you can sell 100 copies of the same birthday card.

Further reading: How to Sell Digital Printables Online

10. Proofreading

Proofreading is another great side hustle for you in your retirement.With proofreading, you can work as much or as little as you want to.

If you can spot grammatical errors while reading and you are keen on details, then you have what it takes to be a successful freelance proofreader.

Some of the things you can proofread include:

  • Books
  • Blog posts and magazines articles
  • Social media posts
  • Court proceedings
  • School essays

How do you get started? Well, you may need to get trained to help start your proofreading hustle on the right foot. The good thing is you don’t actually need to spend money to access proofreading training. Caitlin Pyle, an expert proofreader who earns over $45, 000 per year, has created acompletely FREE proofreading workshopdesigned to help beginners gain the skills needed to get started.

Click here to get instant access to Caitlin Pyle’s FREE proofreading workshop today!

11. Become a resume writer

After ages in the workforce, you could use your knowledge and experience to help new job applicants land work.

You can help rewrite, edit, and polish resumes.

You can do this job from the comfort of your house and communicate with your clients through email or phone calls.

If you were in human resources or have experience in resume writing, this can be a great way to make money in your retirement because people are always looking for jobs.

Further reading: How To Become a Resume Writer

12. Become a remote customer service representative

This is work you can do over the phone from the comfort of your home. And, you have to work just a few hours per day.

All you need is good phone etiquette and people skills.

You can answer queries either on-call or via emails.

Most customer service representatives make approximately $10-$18 per hour.

To get started, check out these companies with remote customer service jobs from home.

Final Thoughts

If you are retired, you may want to stay busy without necessarily returning to the hustle of a 9-5 job. We completely get it. The above online jobs will serve you right if you are retired. These jobs are flexible; you can work whenever and wherever you want to.

These jobs will keep you busy; make some money while still managing to be in control. Find what works well for you and get started.

That’s it for our list of the best ways to make money in retirement from home, big-up for coming this far. But before we call it a day, do you know any other online job retirees can do? Let us know in the comment box below.

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12 Legit Ways Seniors Can Make Money Online (Seniors Making Money Online In Retirement) (2024)

FAQs

12 Legit Ways Seniors Can Make Money Online (Seniors Making Money Online In Retirement)? ›

Some additional government benefits for seniors over 65 are:

Supplemental Security Income (SSI), a federal cash assistance program for low-income people who are age 65 or older, blind, or disabled.

How to earn money once retired? ›

Simple ways to make money in your retirement
  1. Personal tutoring. ...
  2. Freelance your old job. ...
  3. Start a remote job. ...
  4. Rent out your space. ...
  5. Pet-sitting. ...
  6. Paid online surveys. ...
  7. At-home crafting. ...
  8. Selling items online.
Nov 8, 2022

How can senior citizens get more money? ›

Some additional government benefits for seniors over 65 are:

Supplemental Security Income (SSI), a federal cash assistance program for low-income people who are age 65 or older, blind, or disabled.

How can I make money at my retirement age? ›

7 ways to make extra income during retirement
  1. Social Security. ...
  2. Rental income. ...
  3. CDs. ...
  4. Annuities. ...
  5. Bond funds. ...
  6. Dividend stocks. ...
  7. A new part-time job or side business.
Nov 16, 2023

How to make $1,000 a month in retirement? ›

As a general rule of thumb, you will withdraw approximately 5% of your retirement income every year for expenses. The Balance breaks down the numbers below: Start with $240,000 and multiply it by 5%, which equals $12,000. Next, divide $12,000 by 12 months, which totals $1,000 per month.

How can seniors make a little extra money? ›

Ways for Seniors to Make Money
  1. Become a Virtual Assistant.
  2. Sell Your Skills Through an Online Marketplace.
  3. Create Your Own Store.
  4. Create a Website as a Springboard for Your Business.
  5. Sell Affiliate Products on Your Own Website.
  6. Pet Sitting for Cash and Exercise.
  7. Watch Videos and Take Surveys.

What do retirees do when they run out of money? ›

If you are already running out of money in retirement, consider part-time work, reverse mortgages, or financial assistance from family members or government programs.

How to retire at 60 with no money? ›

If you retire with no money, you'll have to consider ways to create income to pay your living expenses. That might include applying for Social Security retirement benefits, getting a reverse mortgage if you own a home, or starting a side hustle or part-time job to generate a steady paycheck.

How do retired people get income? ›

For many people, retirement funding does not rely on a single source of income. Instead, their cash flow comes from a combination of sources, which may include a pension, Social Security benefits, an inheritance, real estate, or other income-generating investments.

Is there really a $900 grocery stimulus for seniors? ›

The $900 grocery stimulus for seniors is only a rumor that has its roots in a petition that was initiated in 2022 by the Senior Citizens League. The petition requested a one-time $1,400 lump-sum stimulus payment to help seniors cope with rising inflation.

What is the largest source of income for most elderly adults? ›

For most, the primary source of income is Social Security.

What is a strange but true free loan from Social Security? ›

The brief's key findings are: An unconventional strategy allows individuals to use early Social Security benefits like a “free loan,” paying back the principal while keeping the interest. If this strategy were widely adopted, it would cost Social Security $6 billion to $11 billion per year today and more in the future.

How do I get the $16728 social security bonus? ›

Have you heard about the Social Security $16,728 yearly bonus? There's really no “bonus” that retirees can collect. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount.

What is the best source of income in retirement? ›

Below are the best and most realistic ways to gather passive income in retirement.
  • Social Security.
  • Company or government pension.
  • Annuities.
  • 401(k) or independent retirement accounts.
  • Life insurance.
  • Short-term cash investments.
  • Stocks.
  • Bonds.

How to create an income stream in retirement? ›

Here are four common investment options to help you generate income in retirement, listed generally in order from lower to higher risk.
  1. Income annuities. ...
  2. A diversified bond portfolio. ...
  3. Total return investment approach. ...
  4. Income-producing equities.

How to make $500 000 last in retirement? ›

Apply the 4% Rule to Your $500,000

The “four percent rule”—a widely accepted financial rule of thumb—states that your savings should last through 30 years of retirement if you withdraw 4% of your nest egg during the first year of retirement and then take that amount each year thereafter, adjusted for inflation.

Are retirees earning up to 20000 a month with a side hustle? ›

Retirees Are Earning Up to $20,000 Per Month With One Fully Remote Side Hustle Quitting your day job doesn't mean you can't have an additional — and extremely lucrative — income stream. Retirement doesn't mean you have to stop earning altogether — in fact, it could allow you to make more money than ever before.

What do retirees spend the most money on? ›

Housing—which includes mortgage, rent, property tax, insurance, maintenance and repair costs—is the largest expense for retirees.

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