As with any demographic of people, there is no way to narrow down the list of reasons that retirees opt to start a home based business, because every individual who decides to work again after retiring will have a slightly different motivation than everyone else. However, there tend to be at least a handful of reasons that come up repeatedly, creating a bit of a trend, and if you fit any of the following profiles, you too may find success with a home based business. Here are some of the more common stories that retirees come to the home business table with.
The Need for a Little More Money
Frequently, retirees find that they simply need to make a little more money. This may be because the retirement plan they worked their whole lives for is not quite supplying enough income to live on. It may also simply be that the person would like to save up some more spending money for vacations, hobbies or Christmas presents each year. Whatever the reason, post-retirement franchise owners are definitely right to assume that starting a home based business is a great way to bring in a little extra income, and one of the best categories of businesses for accomplishing such a goal is the vending industry.
Vendstar and U-Turn are two great avenues for breaking into this profitable business. With systems that have been proven simple and successful by years of continued operation in the hands of innumerable franchisees, both of these franchises have the vending knowhow to provide franchisees with not only sturdy, well constructed machines, but a steady stream of income that few industries can match. Some reports say that vending machines generally earn around an 80% profit margin, which translates to an average income of $70/hr for the owner. What this means for the retiree is that not only can money be made with a work at home vending business, but it can be made with a smaller investment of time than with most other businesses. This allows the retiree more time to actually enjoy retirement, instead of spending all week working.
Looking for a Hobby
Sometimes, the worst part of being retired is not having enough to do every day. Suddenly being without a career goal and a daily task can leave a person somewhat listless, but operating a home based business is a great way out of that, and an excellent business choice for just keeping busy is a franchise with DVDNow. One of the few businesses in the automated DVD rental business, DVDNow is taking the business model of the vending machine and applying it to movie rentals. It has proven to be a wildly successful idea in Europe and has already gained a little ground here in the US, and like any good vending business, the business will grow only as big as the franchisee wants. If what you’re looking for is something to do for only a couple hours a week, 2 or 3 machines in the local grocery stores should give you a decent amount of business, but still leave you plenty of free time during the week. If, however, you want something to engage you for 30-40 hours per week, simply add more machines to your route. You’ll have something to do in no time.
Hoping to Engage the Community
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