Invest Time Not Money for Extra Retirement Income

By Don Seibert 

 

We have rightfully become very skeptical of the many offers that we see daily on how you can make a fortune on the Internet. Because of this skepticism, though, many people overlook some very good, legitimate and very low cost ways to earn some extra cash for their retirement!

That is right. There are ways that you can earn extra income without having to buy somebody's tapes, CD's, home study course or book. It is all about using the knowledge that you have of a particular subject (the more obscure the better) and teaching others who want to know more. It is called the Information business!

When you were a kid, did you ever have a lemonade or kool-aid stand in your neighborhood? You know how it works then. You sell lemonade for 5 cents a cup and when you run out, you have to get more lemons to make more, hopefully at a cost that is less than your sales. The problem with this picture was always that it became costly and time consuming to make more lemonade and there was a finite limit to the number of adults coming down your street with an extra nickel.

Now, you can have your own "Information Stand" on the Internet where you sell information on a specific topic. The good thing about this scenario is that you never run out of information - you can re-use what you have! Also, in the process of answering questions, you may discover more and better information on the subject, increasing your expertise and reputation and making future sales more valuable! Unlike the kid, on your internet street there is never a shortage of people searching for your information!

This is not a 'Get Rich Quick' scheme where you might expect to 'make a million' overnight and this program does involve some effort on your part. The good news is that, for an investment of less than $10, you can try it out and see if it is for you. Now, who does not have 10 bucks around to give this plan a try?

This is about using the vast resources of the Internet to your advantage. Each day, there are million and millions of searches done on Google, Yahoo and MSN. Some large numbers of those searches are queries for the topic of your passion. All you have to do is to position yourself to respond to some of those searches and to provide them with the missing information for a small fee.

Positioning yourself like this seems like a very daunting task, but it need not be. Yes, there are people on the Internet who would like to sell you a ready made programs for this purpose (and at a cost), but there are several tools and templates available free on the Internet to build such a facility for yourself. It just takes your time and patience (not your money!).

To make this work, you will need to download some free software and you will have to buy a domain name for about $6. All of the rest of the things that you will need are available on a free trial of $1 trial basis. Thus, you will have 30 days for you to see if this works for you before you have to invest another penny!

If you feel that your internet skills are inadequate for this task, you may be quite surprised! Give it a try before you give up. Or, perhaps you have a child or grandchild who is more into the Internet. How about asking them for their assistance? I would bet that they would be pleased to help you earn some extra retirement income with a little of their time and effort. No matter how you accomplish it, please give it a try. You can go to my website for more information and tutorials on how to set up your "Information Stand"!

Resources: Don Seibert is a retired business executive who, as an Expert Author, writes timely articles on many issues concerning sources of retirement income . Having retired three times, he now is the host of http://www.RetireToEasyStreet.com Visit the site for a complete discussion of Retirement Income Options Article Source: http://EzineArticles.com/?expert=Don_Seibert