A Pizza Hut restaurant is pictured in Burbank, California April 19, 2011. Taco Bell is part of Yum! Brands, the world's largest company of system restaurants, including Pizza Hut, Taco Bell, and KFC. Yum! Brands will release its earnings on April 20.
IN PHOTO: A Pizza Hut restaurant is pictured in Burbank, California April 19, 2011. Taco Bell is part of Yum! Brands, the world's largest company of system restaurants, including Pizza Hut, Taco Bell, and KFC. Yum! Brands will release its earnings on April 20. Reuters/Fred Prouser

Just because you’ve already retired from your job doesn’t mean you no longer have the chance to earn money. On the contrary, you have the time, skills, knowledge and most importantly, the resources to start your own business. Below you’ll find three business ideas for retirees like you.

  1. Online business or blogging

If you find it too stressful to set up a new business such as a local store, restaurant, and the like, you may consider starting an online business instead. For instance, there are many companies looking for resellers in the internet to sell their goods. You can join them and sell items online using your social media accounts. On the other hand, you may also try your hand at writing. There are many people looking for freelance writers in the web and you too can try your luck at this venture. You can bid on writing projects or better yet, have your own blog and earn through ads.

  1. Coaching

Retirees are often asked to coach or serve as a consultant. Having several years of experience, numerous achievements, and remarkable reputation under your name finally pay off. You can put up your own coaching or consultancy firm and use your connections. You can tap companies and offer your services to them. You can also serve as a resource speaker in colleges or as a life coach who conducts various seminars on your areas of expertise.

  1. Open up a franchise

Put your retirement benefits into good use by investing in a business. A good example is by opening up a franchise. The best thing about this is you don’t have to start a business from scratch because all you have to do is get a franchise. However, don’t make any drastic moves by conducting a research as to what kind of business you want to engage in. If possible, seek advice from experts to ensure you’re investing your money right.

Now that you’re a retiree, it’s time to consider these business ideas for retirees that are sure to bring in more money for you and your family. However, make sure you make the right investment.

For questions/comments regarding the article, you may email the writer at sprevendido25ibtimes@gmail.com