First off, I just want to congratulate you on reaching this glorious milestone. Happy retirement. Hopefully, you saved enough so you don’t even need to go back to work. However, if you didn’t get the chance, don’t worry. I got you covered for I will teach you today how to make money in retirement!
Affiliate Disclosure – I am an Affiliate of many products promoted on this website and may earn a commission if you purchase something.
Retirement is most likely to be one of the biggest changes that will happen to your life. Not only your daily routine will be going to change, but you will see a significant change in your monthly income. Whether you are saving and investing for the last 40 years or not, it is undeniable you will see a decrease in your monthly income.
There are two changes that you can do to adapt to this new normal. One is to decrease your expenses, and the other is to find ways to generate income monthly. In this article, you can learn how to generate income. Don’t worry, you can do this technique without leaving your bed or couch and it is very time flexible.
You are very fortunate because you retired when internet technology has developed so much that you can start and run a business that generates real money in the comfort of your home. The only catch is you need to work hard for free at the beginning and it might take a while before you consistently earn money from it!
You might be thinking, “ Urgh, I’m finally done with my 9 to 5. Now you are telling me to work again?” Well, yes and no. Yes, because you need to put an effort to make this side-hustle work. No, because you only need to work 2-3 hrs a day in the beginning then you can eventually hire people to do the work for you!
How to Make Money in Retirement
There are actually a lot of ways to make money in retirement. For example, you can trade the stock market, you can sell stuff on eBay, or start your own Amazon business. You can teach online. You can work as a part-time freelancer or consultant and so much more. If you are a bit daring, you can even start your own Youtube channel. In this article, I will focus on teaching you how to can make money in retirement by running a blog and monetizing it through affiliate marketing.
Do you know a way to make money in retirement? Please share it to the community on the comment section below.
What is blogging?
Blogging, (like this one you are reading) is just writing content for your audience to enjoy and consume. Blogs are usually written to inform, educate, and/or entertain readers. Whatever the blog’s intent is, its main purpose is to help people solve a particular problem.
What is affiliate marketing?
affiliate marketing is a process where an affiliate earns commissions after promoting a brand or its products. The affiliate searches for the brand’s products and promotes them on their page, making a profit from each sale. The process involves three to four parties, including the publisher, merchant, advertiser, network, and the consumer.What is Affiliate Marketing and How It Works?
What do you write for your blog?
Anything that interests you actually.
- If you like talking about products then start a review blog.
- If you like teaching other people your hobby then create a DIY guide blog.
- If you like sharing trivia then publish list articles.
- If you like telling your story then write a narrative.
- If you like cats then you can create a 100+ post about cats e.g. types of cats, history of cats, cat food, etc!
You get the point. If you are knowledgeable and passionate about something, someplace, or someone, then make it the topic (or more commonly known as a niche) of your blog!
What do you need to start a blog?
There are 5 Things You Need to Start a Blog.
1. Education and Knowledge.
You will need to know how to build an SEO friendly website, how to structure your blog, how it will be seen by everyone, how you can monetize it, etc.
2. A domain name.
The domain name will be the internet address of your blog. It is the one you give to your audience so they can find your site. Think of it as the address of your house. Basically, the URL of your blog e.g. https:/ wealthbuildertips.com a
3. A web-hosting service provider.
Webhost is basically the company that stores all of your blog files into their server then pulls the necessary files your reader/ site visitor is looking for. Think of it as your house where you store all of your belonging.
4. A website builder
In the past, you will need to go to a school and learn how to write code before you can create your very own website. Today, many companies offer software that will do the heavy lifting in website creation. For the end-user like you, all you need to do is to drag and drop website features to suit your brand identity/ needs. Because of website builders, all you need to worry about is your content. Think of it as the homebuilders. They build a house for you and leaves you the freedom and responsibility to design it as per your taste.
5. Affiliate programs
Affiliate programs are the products you will promote in your blog. If your readers buy the product through your affiliate link, then you get a commission.
That’s it! See how easy it is to make money in retirement?!
Yup. That is essentially what you need to get started. Of course, This doesn’t mean to say this is all you need to have a profitable and sustainable blogging side-hustle overnight, but this is where you should start.
My Blogging Journey
I wish I can say I know everything on day 1, but the reality is I know nothing. All I have when I began my blogging side-hustle is a dream and a vision, then I just tried to think of the things that I should do to realize that dream.
The first thing that I did is doing research on how to do affiliate marketing. A lot of initial results that I found are mostly scams, but eventually, I found Wealthy Affiliate.
Wealthy Affiliate is an all-in-one affiliate marketing platform that provides training and tools I needed to start and maintain my affiliate marketing website.
I also used Udemy and Shaw Academy to learn more about content and digital marketing.
My point is no matter how daunting the task before you, don’t think that you are alone and you need to figure things out on your own. There are lots of available resources out there which will equip you with the skills and knowledge that you need to succeed.
Still Not Convinced Blogging is For You?
Let me personally help you!
I mentioned earlier that Wealthy Affiliate helped me a lot on my affiliate marketing journey. Wealthy Affiliate provides great resources and tools for those who wish to learn and start an affiliate marketing business!
Here are some of the benefits that I got from using Wealthy Affiliate:
- Training Courses
- Live Weekly Webinar
- Website Builder
- Domain Name Registrar
- SEO tools such as Site Comment, All-in-One SEO plugins
- Premium Templates
- Supportive Community
- Student-Mentor System
I guess the coolest benefit of using Wealthy Affiliate is their student-mentor system… if your mentor is really helpful and would truly want to help you. In my case, he is invisible, but this is what I will promise you! I will teach you everything I know about digital marketing and I will do my best to help you succeed in your blogging career if you decide to make me your mentor.
In order to be assigned as your mentor, you will need to subscribe to Wealthy Affiliate using my affiliate link so you will register as my student.
In other words, simply click the banner below.
Also, if you are unsure if Wealthy Affiliate is right for you, Wealthy Affiliate actually offers a FREE Starter Account. The Starter Account is not a 14- or 30-day trial that automatically charges your credit card after the trial period. You can use it as long as you want. You can even start your blogging gig by just using a starter account. Also, you won’t have to enter any credit card information until you decided to upgrade your Starter account into a premium account.
I believe this is the most appropriate way to test the waters of the affiliate marketing world.
That is it for me!
See you in Wealthy Affiliate?
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