General Business (India)

10 Small Business Ideas for Indian Retirees

10 Small Business Ideas for Indian Retirees

The life of an Indian is not easy. You start studying when you are a kid and are asked to get a job as soon as you finish education. The job usually lasts for a couple of decades, and you hardly get a break in between. In such a situation, it is very obvious that you will look forward to retirement and spending your life in peace.

But when retirement actually arrives, you start feeling bored and have no one to talk to as your kids have their job, while you have nothing but the TV screen.

In such a situation, one simple idea that might knock your door is to get into a business and keep yourself busy. Though many people think that doing business in old age is not very productive, we beg to differ.

This is the reason we have come up with 10 small business ideas for Indian retirees that need little or no investment.

1. Sell the Good Old Stuff

The first thing you can do is sell old stuff. You can start by selling things at your home that you no longer use but could vintage or a classic item, be it old DVDs or wine. Note that vintage items or antiques can fetch a high price depending on it’s exclusivity or limited quantity.

Once you taste success, you can list yourself as a seller on the various e-commerce platforms available in India.

Such places you can consider to sell your secondhand items are LetGo, Facebook Marketplace, OLXSecondhand Bazaar, BookMandee,and All India Bazaar.

2. Write

If you have always had a knack for writing, then you can start making money by doing that as well. The simplest idea is to start your own blog and offer unique content to the audience.

For instance, if you were a bank manager, you can give insights on how the banking system works.

This kind of blog would be useful to students hoping to get into banking or existing bankers who want to learn more. If you think you have mastery in one subject like the cashless economy, you can write a book on that topic and earn royalties.

There are various places where you can start blogging instantly. Try out Blogger, WordPress, and Medium,

3. Become a Trainer in Skills

When you have spent your entire life doing a job that needed particular skills, it is very likely that you would have acquired many skills. So, you can teach one or a group of skills to the younger generation and earn good money.

For instance, if you were a sales manager, you can teach sales, negotiation and presentation skills to MBA students and earn a good profit. There are many private institutions that will value your expertise and pay you well for a few sessions.

4. Tutor Kids

In case you have a liking for teaching, but don’t want to work for fixed hours at a school, you can offer private tuition to kids at your home  or offer to have these classes in their homes.

As the schoolwork of today’s generation is piling on by the minute, parents and students need all the help they can get.  Home tutors in India can make up to 30 lakhs a year!

5. Try Soap Making
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