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10 steps to retire early

 

Internet has opened new gates and ample opportunities for those who want to retire early and start earning from the comforts of their home with minimal or no investment. Giving you the liberty to party, go on a vacation as per your liking and demand. You become your own BOSS. Below listed are some online vocational opportunities waiting for you. However it is very important that you create a very strong base when you choose these and only then plan to retire.

1.    Affiliate Marketing – As an affiliate marketer, you (the affiliate) create a website, and promote other web businesses and products online and offline. Here you are paid either by Pay per sale, Pay per action or Pay per lead and Pay per click.

2.    Drop Shipping – Here the retailer is not keeping a stock of products to be sold and quite effectively is transferring the placed order of the customers directly to the supplier/manufacturer or a wholesaler and getting them shipped directly to the customer.

3.    Data Entry – Data entry is the act of transcribing some form of data into another form, usually a computer program for e.g. simple data like names and addresses.

4.    Freelance Writing – Writing e-books, blogs, articles and advertisements for various websites.

5.    Stock Trading – create a demat account and register yourself with various websites offering guidance in stock trading on national and international level.

6.    Online Surveys – Filling up of online surveys, where you get points and later can convert them into currency or shopping coupons but very careful while enrolling as all of them are not ethical.

7.    Medical Transcription is an allied health profession, which deals in the process of transcription, or converting voice-recorded reports as dictated by physicians and/or other healthcare professionals, into text format.

8.    Outsourcing – This involves outsourcing or employing other people for doing your work. You can take up assignments in website creation or writing and so on and get it done from someone else at a lesser price. This way you earn money for just co-ordination.

9.    Executive Search – as a freelancer you can work with various HR consulting firms. If the candidate you provide qualifies for the job then you get paid anything from 0.5%-15% commission of his monthly income.

10.    Business Consulting – Imagine having a high paying career where executives turn to you for direction in running their businesses. As a business consultant you will help businesses and other organizations identify problems, and you will recommend solutions to those problems.

More tips on planning an early retirement and things to be cautious about will follow in the next articles.


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