You’re retired. Congratulations! Now you can become the entrepreneur that you have always wished you could become.Mathew Bandyk in U.S. News and World Report says:”When you think of entrepreneurs, you’re more likely to envision a 24-year-old like Mark Zukerberg, the founder of Facebook, than a retiree. Taking the risks of starting up a business seems easier to do before life commitments tie you down.”But retirement can lessen the fear of failure that comes with launching a venture. Some people cling to the security of working for someone else most of their lives, repressing their inner entrepreneur until retirement, says Sam Spector, author of The Baby Boomer’s Official Guide to Retirement Income. ‘They really have a desire for entrepreneurship their whole life. The money and benefits were so good it wasn’t worth taking a risk.’ Once retired, they might find that risk to be worth it.”Of course, retirees starting businesses certainly should be careful. The key question that retiree-entrepreneurs need to consider, says Alex De Noble, a professor of management at San Diego State University, is ‘how much risk are they willing to take after they’ve put some retirement money away.’ There are ways to mitigate risk so that, regardless of how a new business fares, the owner won’t lose retirement security.”A home based Internet business is an ideal business for retirees who want to become entrepreneurs and earn a substantial income after they retire.
A home based business has no additional overhead other than that which you already have for your home. It avoids the costs of many other businesses such as leasing an office and maintaining a large inventory.
Most people starting a home based business have to keep their day job until they make enough money from their home based business to quit their day job. As a result they can devote only a limited number of hours to building their business. As a retiree, you can devote as much time as you want to building your home based business.
You have experience that is invaluable. The experience you gained during your career gives you a tremendous advantage over the 20-something youth who attempts to start a home based business. You know what it takes to run a business, you have knowledge about markets that lets you select a market niche to promote your products, and you have developed good time management habits that are required for running a business.
Needless to say, you know how to use the Internet. Otherwise you would not be viewing this article.
To get help in determining which home based business is best suited to you, email me and I will give you a free consultation.

Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.

If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.

Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.

For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.

No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.

There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.

Later in this article, I’ve mentioned what to look for, when going through the rigors of purchasing a home-based business opportunity online. So to begin with, here is your official Letterman-like countdown, of the top five ways you know you’ve been duped, after buying a home-based business opportunity online. So, here we go…You know you’ve been duped, when right after buying a home-based business opportunity online…#5- It turns out that the instructions you just received about your purchase, is the actual product they tell you to sell to your own list of “dupe-ees”…that you now have the most esteemed privilege of hand-picking.You know you’ve been duped, when right after buying a home-based business opportunity online…#4- You realize it only caters to an overwhelmingly unenthusiastic audience of one- you.You know you’ve been duped, when right after buying a home-based business opportunity online:#3- You find that the “purchase now” button is the shape of a little dude snickering, in preparation of the belly laugh he lets out, right at the moment you click it.You know you’ve been duped, when right after buying a home-based business opportunity online…#2- The first tutorial you click on activates a pop-up window that says, “Please click here to pay $19 for instructions in English”.You know you’ve been duped, when right after buying a home-based business opportunity online…#1- You find out it’s a front for the largest online fraud sting in the history of the internet- right at the exact moment you hear a bang on your door with someone yelling, “Open up, it’s the police”.I know these are tragic, if not humorous extremes, but how many times have you gone online and purchased something, only to find out it’s the furthest thing from what you expected? Well, welcome to the big wild world of the internet. Home of the million and one business opportunities- just waiting for your antsy little clicker finger and that handsome sixteen digit code that resides on that piece of plastic in your wallet.But wait. With a little awareness and what I’m about to give you, perhaps we can save you from falling prey to at least some of those unscrupulous offers, shady tactics, and the dreadful brain-lock that’s typically caused by dead-end deals.What you first need to know is that not all online business opportunities are bad, assuming that with each and every one, you’re going to get the five-finger frisk, the minute you step down off of your horse. That’s simply not true. But the more prepared you are in spotting the gopher holes in your garden of prosperity, the cleaner you can keep your sassy little spurs from getting tarnished in the long run.In another article I wrote, I addressed what I call the twelve qualifiers of a solid online home-based business opportunity. And that my friend, is a good read. But for this article, since the general human attention span is probably much less than the time you’ve given me already, I’m only cover the first three of those awesomely crafted opportunity qualifiers…leaving the other nine up to you and your due diligence. So here goes..Qualifier One: Cost. If it’s not palatable to your purse or wallet from the get-go, or if you don’t feel like you’re being “sold right”- making you feel uncomfortable when it comes time to come out of pocket with your cash…or if the method in which they continually try to bump-sell you with more and more products on every squeeze page becomes unbearable- just simply back away from the whole enchilada, period.Qualifier Two: Compatibility. When you buy it, you own it, characteristically speaking. So, picture what this online business opportunity or program might look like on you. That’s right. If you feel like it’s going to show a little too much skin and it going to make you feel too exposed and uncomfortable in the public eye, well…it’s not for you, babe. Or if it swallows you up whole and you think you’re going to lose your soul in the process of making a go at the darn thing, then lose it before it does you.Qualifier Three: Ease of Set-Up. If it seems like there’s something missing in the translation or the flow of the initial delivery or presentation, that could very well be the warning flare lighting up the field of possibilities that something could be amiss as well, in the delivery of the most important aspect of the launch: your step-by-step set-up instructions. Yep, the tutorials, videos, and PDF’s that are supposed to help you, when it comes to birthing this baby into toddlehood. Still, when a bad set-up is a bad set-up, there’s simply no amount of coddling that’s going to make your investment in a online opportunity worth your time.