How about business ideas that can add Pesos to your PERaccount? Some look forward to their retirement, others look back full of regrets and fears of what lay ahead once they retire from active work.

I ask you, looking at your Personal Equity and Retirement Account (PERA), can your retirement savings truly save you from financial embarrassment when you retire?

Perhaps you missed retiring early or your retirement preparedness is poor and you’re already losing sleep, I’ve got good news for you.

One, you’re not alone.

Reports indicate that many Americans close to retirement have saved only 12% of what they need for life after retirement, leaving a massive shortfall of 88%.

Two, you can do something about it.

The following table shows the

Average Age of Most Startup Founders in the US

It’s never too late try business ideas in order to start a business even in (or close to) retirement.

Three, there are several online business ideas boomers can try via dropshipping which I will highlight in this article.

So if you’re about to retire, retired and broke or retired and bored and looking for good business ideas, then you’re at the right place.

Perhaps you’re wondering, so

What is Dropshipping?

Dropshipping is an ecommerce or retail business model that allows you sell other people’s products at any price you wish without having to invest a dime in buying stock or keeping inventory.

So you don’t need (huge) startup capital, angel investors or business loans to dropship. You’re basically an independent marketer, and the market is huge.

Here are

Some Important Ecommerce and Online Shopping Stats for Starters

● In 2017, over 1.66 billion people worldwide purchased goods online
● Still in 2017, global B2C ecommerce sales stood at $2.3tr
● By 2021 B2C ecommerce sales is projected to top $4.48tr
● E-retail accounted for 12.1% of retail sales in Asia-Pacific in 2016
● In 2017 Asian shoppers made an average of 22.1 online transactions each, etc

Source: https://www.statista.com/topics/871/online-shopping/

And here’s a sneak peak of

Dropshipping in the Last 5 Years

Within the last half decade interest in dropshipping in US has more than tripled, meaning more and more people are searching for dropshipping business ideas.

Between Q2 2012 and Q1 2016, average US shopper AOV (average order value or average basket size or average amount spent per shopping session) was $76.24.

Now let’s see

How Dropshipping Works in 10 Steps

1. Sign up with an e-commerce platform e.g. Shopify and open shop (14 days free trial),
2. Choose your product niche(s),
3. Select trusted dropship suppliers or manufacturers from the Wholesale Suppliers Directory,
4. Import product images from suppliers into your Shopify Store,
5. Edit product descriptions if you want,
6. Set your own pricing rules,
7. Then market, market, market (you can tell your friends, kids, use Facebook, Instagram, WhatsApp, Twitter, Pinterest, etc)
8. When customers place orders and buy from you,
9. You take your profit and forward such orders to your suppliers or manufacturers,
10. Suppliers/manufacturers pick, pack and ship items to your customers anywhere in the world.

Then you keep marketing and making sales.

Following are

10 Things You’ll Need to Start Dropshipping

1. Laptop, PC or tablet
2. Internet connection
3. Ecommerce platform e.g. Shopify (14 days free trial), BigCommerce, etc
4. Automation tools like Oberlo (forever free version available)
5. Hot selling product niche(s)
6. Dependable dropship suppliers
7. Target market
8. Marketing platforms e.g Facebook, Twitter, Instagram, etc
9. Marketing know-how
10. Performance tracking/reporting tools

Here are

7 Reasons Why Dropshipping is Great for Retirees

1. Low Entry Barrier

Startup capital is no more a barrier. With dropshipping, this barrier is removed. You do not need to rent shop, buy stock or keep physical inventory.

2. Low Risk

Because it costs little to nothing to start, Dropshipping is one of those few very low-risk business ideas. So you can give it a try too.

3. No Age Restrictions

As long as you’re 18+ and can legally sign up for all the services you’ll need like social networks for marketing, you’re good to go.

4. No Education Barriers

You don’t need a PhD to be a dropshipper, it’s open to anyone who is literate, who can read and write, who can communicate.

5. Pricing

With dropshipping you’re free to set your own prices, as high or as low as you wish.

6. Work From Home

Not only can you work from home, you can actually work from anywhere, beach, office chair or wheelchair. Dropshipping makes the list of business ideas that are location independent.

7. Be Your Own Boss

With dropshipping you’re in charge, you set your waking and working hours plus you work at your own pace and place.

Conclusion

There are millions of products you can dropship to billions of potential buyers. Don’t let retirement stop you from trying new business ideas like this. You can start dropshipping today.

 

Author Bio:

Amos Onwukwe is an AWAI trained Business/Ecommerce B2B/B2C Copywriter, featured in scores of blogs including Huffington Post, Dumb Little Man, Ecommerce Nation, eCommerce Insights, Understanding Ecommerce, Result First, Floship, SmallBusinessBonfire, SmallBizClub, Successful Startup 101, Business Partner Magazine, RabidOfficeMonkey, etc.

He’s available for hire.
Twitter: @amos_onwukwe
amylimitx@gmail.com

Published: 2018-11-19 20:43:25