Senior citizens are interested in making money even after retirement. With plenty of time on their hands, they want to stay active and lively. However, many struggle with financial instability. Here are 5 effective ways for senior citizens to earn money online:
Effective ways of earning money online for senior citizens
Here are 5 effective ways for senior citizens to earn money:
Become an Insurance POSP
Earn a good sum of money as an insurance agent selling policies. All you need is a smartphone, internet connection, and selling skills.
Requirements to become a POSP agent:
You must be over 18 years old, completed 10th standard, and have completed IRDAI’s 15-hour compulsory training to get a license.
Earnings as a POSP agent:
You earn commissions on every policy you sell.
Start teaching services
Use your specialized knowledge in any field to teach others. Sign up with teaching platforms like Udemy or Coursera to share your skills.
Requirements to become a tutor:
Expertise in a subject and teaching skills.
Earnings through teaching:
Earnings depend on your subject and expertise, earning up to Rs 200 to 500 per hour is possible.
Start your Food Delivery Service
If you enjoy cooking, partner with a food delivery agency and sell packaged or catered meals. Partnering with platforms like Swiggy and Zomato can help you market your service.
Requirements to start food delivery services:
You need to cook delicious food using cooking ingredients.
Earnings from food delivery services:
Income depends on the type of food sold and the number of loyal customers.
Sell Your Homemade Items
Earn money by selling your homemade items like paintings, quilts, scented candles, and decor items online. Use platforms like Etsy, Facebook Marketplace, and Amazon.
Requirements to sell homemade items:
Good quality raw materials like paints, needles, and thread.
Earnings from selling homemade items:
Earnings depend on the products sold and the value they provide to customers.
Be a Consultant for Professionals and Companies
Share your knowledge and experience as a consultant for professionals and companies in your domain. Search for clients on platforms like LinkedIn and Upwork.
Requirements for professionals and companies:
Market skills and experience in your field.
Earnings as a consultant:
Earnings depend on your experience and area of work.