Total Profit Plan

This is another excellent way to get started making money online and you need no prior technical knowledge to succeed.  It combines a lot of things that we have dicussed in the past.  This pertains to affiliate marketing, specifically with Clickbank.   This is not a free system but you can try it for 7 days for just $1.  If you want to continue, it will be an additional charge of $67.  Even though I have nearly 50 blogs and websites already I signed up for this myself.

With this program, you get 50 established websites.  You need no hosting nor do you need a domain name nor product.  A domain name name typically will cost you $20 and hosting about $10/mo for one such site.  If you paid $140 per year for 50 sites, it would cost you $7000 annually.  This is a super deal.

In addition to the sites, he provides considerable training on how to send traffic to your websites for free.  For example, he shows you how to do a Squidoo lense and how to set up blogs.

I have often told you that I do not discuss get rich schemes in this blog.  This is just a simple process to earn a bit of money online to supplement your retirement income.  If you make just $1 per day on each website, you will earn $50 per day, $1500 per month or $18,000 per year.  Won't that make a big difference in your life?

If the answer is yes, go to this site and signup.  If it's not for you, cancel within 7 days and you have only lost $1 but don't give up.  This will eventually work.

I will give you a word of warning, after you pay your one dollar, they make some qick pitches to sll you additional products.  Do not buy them, back out and you will have the page mailed to you by way of e-mail.

http://0284bg3358apjzhcsd163h1dug.hop.clickbank.net/

Additional Education

As we are winding down our careers and looking for alternative ways to supplement retirement income, we might want to consider additional education.  We have more time than before so going back to school is a good way to fill our time, keep our minds sharp and learn new skills.  The internet has opened up a whole world of education that we can consider.  I will be reviewing some programs and discussing some options.  Also, scholarships might be available for some of us.

Boosting Baby Boomers Earnings by Working Online to Supplement Retirement Income

If you are on the verge of your retirement years it is good to plan ahead so that you will be able to enjoy it more by being able to support the retirement lifestyle that you want. Since it is an acceptable fact that prices of commodities always tend to go up, it is practical then to make sure that you can fill the gap when essential lifestyle expenses exceed your total retirement income. In most cases retired people rely on the funds provided to them by Social Security but these days, retirees admit that it does not support much of a lifestyle anymore and even more so within 3 to 5 years from now. Retirees then should find a way to boost baby boomers earnings to be able to fill the gap between basic retirement income and the retirement lifestyle expenses.

The first thing you need to do is determine how much of a gap you need filling up when you retire. This way you will be able to have an estimate on how much money you should be making as a supplement retirement income. You need to determine a lot of details then such as how much time you have until you retire, how much you have saved for your retirement, how much annual interest you would possibly earn from your savings, how much is your social security and pension plan income per month, and how much you need to spend monthly to be able to have the retirement lifestyle that you want.

Once you have determined the figures, the step that you would need to take next is to determine your options on how to earn some extra dough during your retirement years. The internet has provided a lot of opportunities available for people who want to work from home and it does not make an exception to anyone in the world no matter what age or what nationality. Never think that you are too old to make money using the internet.

There are a lot of legitimate home business ideas you can take advantage of in the online industry. Being a retiree, you probably know information or acquired some skills that others would like to know about. You can actually sell these kinds of information online by writing about them to be able to earn supplemental income. People will always search the internet for information they need so there is indeed a very large target market for you to take advantage of. Best of all, you will be able to work from home with the schedule that you want to have.

Other options you can explore include part-time jobs perhaps with your previous employers, being an affiliate marketer either online or offline, and a lot more. Explore you options and make decisions before you retire so that you will be able to enjoy a lifestyle you want for the rest of your life.

Create Videos for Online Marketers

Many internet marketers are turning to videos to promote their websites.  You can help them out and supplement retirement income by learning how to create videos and allowing them to outsource their work to you.  Here is a video that I had created for me to promote a site I own selling watches.

http://animoto.com/play/gVFV2FSG0Q8btBRIW3QuPg

I was impressed but found out that I could create such a video myself including voice.  You don't need to be a computer geek nor do you need to be exceptionally creative.  I am neither. I even have begun selling my videos.  I charge $15 if they write the script and $25 if I write the script.  The script would be about 225-300 words.  Remember what I said recently about writing eBooks.  The same thing applies to writing a script.  It is actually an article and you can find thousands of articles online that all you have to do is rewrite.
You can charge even more money if you want to submit it to video sites and social marketing sites.

You can find a couple of instructional videos at these sites that will teach you how to create videos.

http://b739ff638ahn8368i-8csl013f.hop.clickbank.net/

http://84cbbr6cz8grbwiondogxclk1m.hop.clickbank.net/

Try Your Hand at Blogging

There are hundreds of thousands, if not millions, of blogs on the internet.  They are very easy to set up and there are many platforms that you can use but 2 dominate the market.  One is Blogger.com and the other is Wordpress com. I have both types.  This particular blog is on Blogger but Wordpress blogs are somewhat more sophisticated and a bit more difficulat to set up.  Blogger is free including the hosting.  Wordpress blogs are usually set up using a person's own domain and hosting. 

You can write about anything that interests you or that you might feel that others would find interesting.  You can actually make money doing this, at least they tell me that you can make money doing this.  If you look in the margins and underneath the current posts, you will see ads by Google, as an example.  If your visitor clicks on the ad, the owner of the blog receives money from Google.  This might be an enjoyable way to supplement retirement income.

This guy offers video training on setting up a Wordpress blog.  This is how I learned to do this.  His site is
http://e39b8r79a62sdpawoszd2o0p2j.hop.clickbank.net/

Reverse Mortgage

For some baby boomers, a reverse mortgage might be an excellent way to supplement retirement income before and after retirement. A reverse mortgage is exactly that, a reversal of a normal home mortgage. Instead of borrowing money and making monthly payments to a mortgage company, the home owner gets a loan from the mortgage company which will be paid out over time, usually for 15 years. The loan can be up to 60% of the home's current value. The homeowner continues to live in the home and pays the insurance, real estate taxes and normal upkeep. The homeowner benefits by no longer having to pay their mortgage, it comes out of the monthly loan payment from the mortgage company, and actually receives additional money from the mortgage company. Obviously, the homeowner needs to have significant equity in the home prior to entering into such an agreement. Since this is actually a loan, the homeowner must pay substantial closing costs. The reverse mortgage ends when the homeowner sells the house or passes away. At that time, the remaning balance of the loan is paid off and the homeowner or heirs receive the remaining equity. A reverse mortgage is not for everybody but is something one should look into in an effort to supplement retirement income.

Do Baby Boomers Need to Supplement Retirement Income?

Some have asked why I am doing this blog?  They tend to think that most baby boomers are pretty well set for life when they are ready to retire. I beg to differ.  I would guess that a person needs roughly $60,000 annually to live fairly well in today's economy.  This is equivalent to $5,000 per month.  Assume Social Security income of $1200 per month and a pension of $1800 per month, for the lucky ones.  This income still leaves us $2,000 short of our $5,000 per month goal.  In order to compensate, one would need roughly $750,000 in their 401K plan to achieve the difference.  Let's be honest, how many people actually have an investment account approaching anywhere near $750,000. Most baby boomers need some way for them to supplement retirement income.  

Selling on Ebay

One of the most obvious ways to supplement retirement income online is selling products on Ebay.  The question is what to sell.  The easiest place to look for items to sell is around your house.  There are all sorts of items around our house that we no longer need.  Believe it or not, somebody will buy your unwanted items if you price them properly on Ebay.  Some people go to yard sales, tag sales, garage sales, rummage sales, or whatever you call them in your area, for the simple reason of finding things to sell on Ebay.  Another source is estate sales but the ultimate way to supplement retirement income is to buy products from wholesalers who will dropship your products to your customers.  If you want to go this route, check out this source for wholesale dropshippers
http://www.informationsources.net/wholesale/index.php

Can Baby Boomers Succeed in an Online Business?

While it is true that very few of us who went to college in the 60s or 70s majored in Computer Science or Management Information Systems, we have all become somewhat familiar with computers. We have nearly all worked on them at our place of business and have our own computers at home. We can at least do word processing, prepare our taxes and surf the internet. These are the only requirements for operating an online business to supplement retirement income.
I actually cannot think of a better business for baby boomers than some type of online business such as internet marketing. One of the things that we lose is our mobility and ability to get around. I do not care if you are confined to a wheelchair or one of those scooters, you can still move in close to your computer and work away. It is much better than going out and fighting traffic, finding a parking spot, get into your office and reverse the process at the end of the day. Besides who wants to work in some type of suit or dress. It is much more comfortable working in your den in a bathrobe.
I do not personally do this but many baby boomers are active on the various social networking sites like Facebook, Myspace and Twitter. It allows them to keep in touch with their families and friends as well as to make new friends. This allows for a wonderful network with which to get help or even advertise ones business. There are also many forums and blogs in which seniors can participate. The internet provides an almost endless supply of information for the startup entrepreneur.
One of the things that seniors are concerned about is keeping their minds sharp. Being active online is excellent for doing this if nothing else. One can develop hobbies online and research virtually anything.

Baby Boomers Tempted to Draw Early Social Security

According to Social Security records, an increased number of early retirement claims have been filed in the past year. It isn't necessarily that baby boomers, those born during the years 1946-1964, are retiring, they are just starting to tap into their benefits. Many baby boomers who are lucky enough to have jobs are collecting benefits while continuing to work. For some baby boomers, they may continue working as long as they are physically and mentally able.
Early forecasts called for an increase in applications for retired worker benefits to increase 15% from 2008 to 2009 due to the aging of America. They report actual increases in the neighborhood of 25% through the first 6 months of 2009. Some theorize that the difference is due to the economy.
Once a worker turns 62, a worker can collect a reduced social security benefit and can continue to work. The benefit for a worker at 62 is about 75% of what he or she would receive if they retired at full benefits at 66. Why are they doing this? The most likely reason is the reduction of their retirement portfolios, 401K plans, and other plans. They have also seen their home equities shrink. They need to do something to replenish their income and net worth prior to retiring.
There is a catch, however, those who continue working while receiving benefits, are limited in how much they can earn without being penalized. Earnings are capped at $14,160 per year and anything over that results in 50 cents being deducted from the Social Security payments for each dollar earned. Once the worker reaches full benefits, 66 in this example, there is no reduction of benefits. The other factor is that the worker continues to pay into Social security while working. Fortunately, there is a recalculation of the rates once the person stops working.  All baby boomers need to be concerned about ways to supplement retirement income.

Click Per Action

We have discussed online marketing, mostly affiliate marketing.  There are other types of products or sevices that a baby boomer might use to supplement retirement income. One such business is Click Per Action or CPA.  In this kind of business, we advertise products or services owned by others.  This is similar to affiliate marketing because it requires no inventory, no shipping and no customer service.  The difference is that no sale is required.  A CPA affiliate gets paid for causing an action.  For example, the only CPA business I have is with a mortgage company.  I bring traffic to my site and get paid for each application that gets filled out.  The person who fills out the application does not have to actually close on the loan.  I simply get paid for the action of the the application being completed and submitted.  It makes no difference what happens after that, I have earned my commission.  The website is
www.americanmortgagemarketing.com/8128

I am looking at a couple more CPA opportunities right now.  I will report back once I learn more.

Five Keys for Being Successful in Internet Marketing

Many people of all ages are getting started in internet marketing, the competition is heating up. You cannot turn on your computer without seeing an offer on how to make hundreds of thousands of dollars each year with your own internet marketing business. One would think that he or she is the only one who is not a millionaire at this point of time. These internet marketers all have their own secret which they would be willing to share with you for several hundred dollars. With some luck, they will even offer to mentor you for a year at a mere $1500-5000. You have to pass their screening process before being accepted. My guess is that their screening process is that you have $1500-5000 available to spend.
Internet marketing is a great way for anybody to earn additional money, especially for retired baby boomers who want to supplement retirement earnings.
Although each has their favorite spin on things, the self proclaimed experts pretty much agree that these are the 5 keys for being successful in internet marketing:
1.Start by selling other people's products, in other words, affiliate marketing. You could be an affiliate for almost any company that you could imagine from Amazon to WalMart. One of the best is Clickbank which handles digital products which have a much higher profit margin than the retail stores.
2.You eventually need to have your own website. You can buy websites cheap enough but you also have to purchase a domain name and arrange for hosting. The process will cost roughly $200 to set up and host for the 1st year. If you would like to do this free, go to my website for a free website selling Clickbank products.
3.You need to build a list. If a customer buys from you once and is satisfied, he will likely buy from you again. You will want to have a squeeze page so that you can capture your potential customer's name and e-mail address before passing them on if you are selling as an affiliate.
4.You will need to have some product to give away to your customer in order to gain credibility. Remember, even though you are selling a product, you are selling yourself. Treat your customers well and they will keep coming back to you.
5.You need to drive traffic to your website. You can pay for advertising but there are many free ways to obtain free advertising such as article writing.

Affiliate Marketing. a Good Place to Start

in Internet (submitted 2010-01-06)
Many newbies to internet marketing face the question of where to start. The answer for many is affiliate marketing. In this scenario, you sell other people's products and you do not need to invest in inventory nor do you need to provide customer service. You neither ship nor handle the products. There are any number of businesses looking for affiliates, you could become an affiliate of Wal Mart or Amazon as examples. You could sell just about anything that you can imagine from clothing to books to furniture to information. I personally sell travel, books, software, watches and information. Information is perhaps the easiest place to start and information certainly allows for the highest markup. If you are selling another person's information, you can earn 50-75%. If you are selling your own information, or information that you obtained the resell rights, you can earn effectively 100%. The site that I am going to send you to offers a free website.This would be an excellent way to start selling information online in order for baby boomers to supplement their retirement income . If you are interested in selling information online, go to http://www.cbglobe.com/

Purpose of this Blog

The purpose of this blog is create a discussion around baby boomer issues leading into retirement and after retirement. As you all know, baby boomers are those born in the post WWII era, 1946-1964. Personally, I was born in 1950. I am 60 years old and still working but making plans for retirement. Like many of you, my 401K has taken a hit over the past couple of years and things are not looking as stable as they had in the past. Most of us will receive social security and some of us will be lucky and have a pension of some sort. Will we have enough of an income to survive? Some of us won't and others who will have enough, could very well be looking for additional income anyway.
The 2 main topics on this blog will be ways for baby boomers to supplement our income and a bit on traveling. I will look forward to your comments and suggestions.