Not sure what to do with your time after you retire? Relax, there’s no need to worry. For the majority of us, post-work life is like a blank corridor – chill, quiet and a bit confusing. How do you remain productive and earn money without feeling like you’re running around everywhere? The good news is that even in retirement, you can venture into these business ideas and make money.
Here are some ideas you can consider. Simple, achievable and lucrative.
1. Make Your Home A Homestay & Host Traveler
Do you have a spare room or an entire floor to spare? If yes, then with the conversion of your house into a homestay, you can accommodate guests from across the globe, which will work to earn you significant income as a monthly paying guest. Tourists choose homestays as they are much warmer compared to hotels and that is the advantage you possess.
Last thing to do is employ a part-time chef and nicely decorate your place to include local and heritage flavor. Once you have the warm ambiance of various foods, you can even list your place on MakeMyTrip or airbnb. Once listed, you will be amazed to notice how quickly the bookings come pouring in.
2. Mini Food Truck (Mega Profits)
There are plenty of people who enjoy cooking in some capacity. If you are one of those individuals, then you are probably just biding your time waiting for a reason or idea to strike out and start your own food business. A mini food truck is not very high in terms of initial costs but offers much upside.
Somewhere around a college, office or a tourist park. Open to serve hot and delicious food like momos, sandwiches or some street food. If everything is perfect with taste and timely service, 100+ orders a day is not an impossible thought; the monthly turnover rounds about ₹2.5 to ₹3 lakh.
3. Art & Craft Lovers: Turn Passion into Profit
If you ever wanted to make candles or those pictures on the top shelf, now is the time to get working. Handicrafts are on their boom and humans are starving for man-made instead of machine-made.
One can go ahead and make and sell candles and paintings, as well as wooden tables, resin art, or DIY home décor items. And the selling part has gotten very easy, thanks to Amazon, Flipkart, and even Instagram, which may provide exposure to thousands. A couple of consistent orders here and there might pleasantly surprise your monthly income.
Final Thought
Retirement is not about dreams. It is merely a new book with fewer constraints and more freedom with passion. Be ready to listen in. Be it renting your home, selling hot stuff, or selling created art, the second innings might even be better than the first.