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More Than 20 Ways to Make Money as a Retiree

More Than 20 Ways to Make Money as a Retiree
Tracy Stine Jun 30, 2018
Want to Earn Some Extra Money?

You’ve finally retired from the rat race, but due to either an unforeseeable event or a new financial goal, you need some spending cash.

Not to worry, here are more than 20 ways on how to make money as a retiree, either for a one-time goal or for the long term. Many of these can be done right from home with little exertion.

1. Taking Surveys

If you’re tech-savvy, I’m sure you are – 4 in 10 seniors own a smartphone, you can spend some time filling out surveys and completing rewards on various sites. Many give a $5, $10, or more just to sign-up with them. It’s possible to earn over $300 a month just for filling out surveys.

Not sure what survey sites to participate in? Here are a few of our favorites:

2. Create a Blog

Again, if you’re tech savvy and now you’ve got time at home, why not create a blog. You can blog about your career and coach new entrants into the rat race, write about traveling as a senior, start a food recipe blog or anything you wish.

It doesn’t take much money and with a little effort you can get sponsored posts, affiliate marketing, and paid writing opportunities down the road.

3. Pet Sitting

If you like the company of pets but don’t want the full-time burden of taking care of them – offer a pet sitting service in your home or in your neighborhood. Think of it as having “grand-furbabies”, all the fun of having a pet and then have them go home after you’re done.

You can charge around $25 to $50 a day to drop in and check, and around $50 to $75 to have them stay overnight.

4. Babysit

“But I just got done raising kids!” – that just means you already have the experience to back up a babysitting job. Again, think of it as having grandkids, spoil them, have fun with them, then send them back to the parents after the job is done.

The national average charge to babysit is $13 an hour but you can make more in larger cities. If you’re interested you can expand the idea into an in-home daycare service. Let’s say you took in five children at $45 a day each, you would make $1,125.00 a week.

5. Direct Sales

This is an easy job that doesn’t take much effort. Most direct sale jobs consist of dropping off catalogues, collecting orders and then delivering the orders when they come in.

The starting commission rate for selling a well-known makeup brand is 40% for the first 7 “campaigns” (a 2-week long sales run). After that you earn 50% commission on all products, plus 20% commission on fashion and home products.

This company’s minimum order amount is $50 per campaign, so at the very least you earn about $20 every 2 weeks.

If you want more earnings you can host a “party” of your products and demonstrate to your friends, family and neighbors. For example, a popular cooking product site’s consultant makes about $300 for hosting 3 parties, either online or at someone’s home.

6. Customer Care

One great job working from home is in customer care support. Many companies hire people to help customers over the phone or through online chat. Usually all that is required is a computer, a DSL connection and a landline (not VoIP).

One such places is U-Haul which has part-time and seasonal opportunities and you can make $7 to $8 an hour and their minimum schedule requirement is 25 hours a week. So, you can make about $175 a week from your home office.

7. Book Reviewer

Spend your spare time in your comfortable chair and with a favorite drink nearby and read books. You can work with AnySubject or other book review sites and work on a book by book basis with the choice to accept or reject books.

Pay depends on genre and word count (the book and the review). One site pays $50 per 350-word review, so depending on how many books you read, it’s a great part-time job to enjoy in retirement.

 8. Teach a Language

If you’re proficient at speaking at another language, or several of them, you can earn by teaching it to others. Some companies only require a phone while others require a laptop, high speed internet, and a webcam. Some companies offer all online teaching, while others allow on-site teaching as well.

The bonus of working this job is that you can set your own hours and rates, so you can work as often or as little as you need.

9. Start a Podcast

Maybe you don’t want to be typing a lot for a blog, but would still like to share your wisdom – consider starting a podcast. 9 Million Americans listen to 1 or more podcasts a week! There are over 525,000 active podcast shows and over 18.5 million episodes

It’s possible to make about $25 to $50 per 1,000 listeners. Money is earned through sponsors, advertising and viewer donations.

10. Freelance Work

You can either continue your career or start another field of work through freelancing. Work on Upwork and other freelance sites on a multitude of projects where you set your own schedule and pricing and can take on many projects at once, or one at a time – it’s all up to you.

11. Photography

Always been taking photos on family vacations? Why not turn that hobby into a money maker? Companies, designers, website managers and bloggers among others are always on the lookout for images for their marketing materials, websites and more.

Sell these photos to sites such as iStockPhoto, Dreamstime, and Shutterstock and you can earn anywhere from 15% to 25% of the revenues.

12. Sell your Creations

If you’ve been a crafter or hobbyist for many years, you now have the free time to turn it into a profitable business. Whether you knit, crochet, woodwork, paint, throw pottery or anything else – you can make money from it.

You can sell online on Etsy, your own online store, at a local flea market booth, or at a craft consignment shop. It depends on the wares, your overhead, and where you’re selling but one popular Etsy seller is making about $1,000 a month.

13. Create a Course

If teaching online or creating a podcast seem like a lot of work you can create a course instead.

All the hard work is just in the beginning with planning, creating and editing and once it’s created you can sell online on a variety of sites such as Udemy, Skillshare, Thinkific and Teachable.

Once the course (or courses) are online all you need to do now is share your course links – on your social media, as an email signature, on a business card, or other creative ideas. One site claims you can make about $200 – $3,000 a month.

14. Grade Papers

Were you a former teacher or have a Bachelor’s Degree (or higher) but don’t want to be teaching? You can work from home grading papers for a local college or university, an online college, or for an online company.

If you have a computer, a high-speed internet, and are willing to take some qualification tests, then companies such as ACT, ETS and other online test scoring sites are looking for you. The average pay for a work from home test scorer is about $10 – $20 an hour and be paid by check twice a month.

15. Write eBooks

If you’re the creative writing type, you can write eBooks to sell on Amazon Kindle Publishing or Smashwords. You can write about anything – fiction, non-fiction, children’s books, or poetry.

Some sites have publishing rules, so be sure to check them out before publishing. This is a great passive income – write one book and receive royalties over and over.

16. Drive for Uber or Lyft

If you have a clean driving record and enjoy driving, you can join Uber or Lyft to earn money driving people around in your spare time. You can even chat with your fares and even some medical insurance will pay drivers to drive patients from nursing homes to doctor appointments.

You could earn about $17 to $20 an hour, depending on your area. You set your own hours with some restrictions regarding the length of shifts though. Some drivers only work 10 hours a week while others work full time (35 hours a week), but it really depends on your area and the demand for rides.

17. Driving Tours

If you live in a large city with a lot of attractions or sights to see, you can start your own driving tour and show visitors around. Give tours of the local architecture, fall foliage, to-do’s in a college town, historical sites, and the list is endless.

You just need to check with your city regarding regulations, plan a route, factor in gas and time costs and a little advertising with your local chamber of commerce. You can also join a company that specializes in tours as a tour guide. In a large city it’s possible to earn $50 an hour.

18. Cook or Cater

If you’re a good cook, you can offer to cook for busy people. Offer a “Menu of the Day” and busy parents, employees or single bachelors can pick up a whole meal plan for the family or just a plate to take home.

Another option is to offer a small catering service by making sandwiches, muffins and such for lunches and go to various company offices and sell your goods for lunches and coffee breaks.

You’ll need to check your city’s regulations regarding this and any licensing and fees due. You can do this for one or two offices or a whole block, the time and effort is all up to you.

19. Sewing Service

Good with a sewing machine or needle and thread? Offer to hem people’s clothes, fix rips, do alterations, or even create full outfits for clients. There are many young people who have no idea how to repair or alter clothing.

 You can work out of your home and just have a free ad in the local paper or local online classifieds. Again, if you’re advertising and have signage, you’ll need to check local rules and regulations. One local advertisement charges $10 for hemming jeans or pants and $14 for hemming a skirt or dress.

20. Check Things Out

With the growing online shopping and classified sites, many people are buying from across town, across state, or even from across the country. To ensure that they’re getting what’s advertised they can employ a service called WeGoLook.

This company pays people to go check things out for clients. Looking at things such as houses, cars, eBay listings and anything else that potential buyers want information on.

The pay depends on the length and complexity of the request, but most jobs earn about $15 – $30 per task. Complicated ones can earn up to $200.

21. Consultant

Now that you’ve retired from your career you can now consider working as a consultant for others. Advise them how to improve their business skills, their trade, or be a lifestyle coach, or a variety of other consulting businesses.

A business consultant can potentially make about $40 an hour, depending on the area and type of business.

22. Rent a Room out

Now that you’re an empty-nester, consider renting out that spare bedroom. This is a great way to make some money every month as well as added security if you are single.

Money earned from charging for a room depends on where you live, the size of the room and other factors but can be anywhere from $50 – $80 per week. If you live in a college town, you can think of adding Boarding too and provide meals for your renter and charge more.

23. Rent Yourself Out

Join Rent a Grandma and make money by accepting jobs from families for childcare, eldercare, tutoring, being a personal assistant, and a variety of grandparenting duties as well as being a senior companion.

This is a great way to socialize, meet new families (especially if you don’t have one of your own), keep people company and earn some money. A full time “grandma” can make $500 a week, but the base salary is $13 an hour.

24. Rent your Car

Are you a busy traveler? Jetting off to see your faraway family or for a cruise? Why not make money with your car instead of letting it sit in an airport parking spot collecting dust?

Instead, sign up with Getaround and they will rent out your car, clean it, and take care of it while you’re on vacation. You can earn $800 a month from this company – enough for your next vacation!

As you can see, retirement doesn’t have to be a financial burden and there are many easy ways to keep busy and earn money without much hassle. Make money to cover those bills, pay for a vacation, your second childhood or anything you wish.

For more ways to make money, you can read these posts:

Tracy Stine

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