Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Anyone Here Start on Online Business?
Old 08-22-2019, 08:36 AM   #1
Recycles dryer sheets
 
Join Date: Aug 2018
Location: Burlington
Posts: 83
Anyone Here Start on Online Business?

I'm getting ready to pull the trigger, and part of the reason I want to do it is so I can focus more on possibly starting my own online business.

Back in 2005, I had a thriving jewelry-making business going. Someone asked me to make matching "chokers" for themselves and their dog--and an idea was born. So I had a business named "Bark & Sparkle" for a couple of years, making Swarovski crystal dog collars.

It was a blast and such a great learning experience! I had customers in 16 countries, got lots of publicity for my unique product, and was even invited to NYC to take part in a rescue event at Beverly Feldman's boutique on 5th Avenue. Barbra Streisand, Oprah, and others have my collars.

Anyway, that was not a practical product, so I got many first orders but not a lot of repeats, and decided to close it down. But it whetted my appetite for doing something else online someday. I have many varied interests and talents, so the tough thing is deciding what I want to do.

Just wondered if anyone here has started an online business, either before or after RE.

One of the causes close to my heart these days is helping widows. Two of my three sisters lost their husbands unexpectedly at young ages, leaving them needing help with a lot of things their husbands used to do. I've thought of setting up something where people could volunteer to help widows with things like home repairs, lawn mowing, moving things, etc.--but the security issues give me pause (ie, identifying someone as a widow who lives alone, AND giving strangers access to their homes, among other things).

Not sure--still pondering all the thousands of possibilities. But I'd love to hear others' experiences with this.
__________________

SoReadyToRetire is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-22-2019, 07:29 PM   #2
Thinks s/he gets paid by the post
38Chevy454's Avatar
 
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 2,212
I have a small home based business for 11 years now. Mainly for tax benefits, but I do make a little money for helping the budget. Have a website and sell mostly USA, but also many customers all over the world. It's related to my old car hobby so it doesn't seem like work, as compared to a traditional job. Plan to keep doing it for many years forward.
__________________

__________________
The advice we're giving you is invaluable, that's why it's free
Experience is a good teacher, but the tuition can get expensive real fast

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
38Chevy454 is offline   Reply With Quote
Old 08-23-2019, 09:48 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,007
I had an ebay business that I started shortly after retirement . I sold cocktail dresses to women mostly in their 40 or 50's . I was lucky and got a source for expensive dresses at a reasonable price . I did very well . I ended up being an ebay top seller .It was fun but after eight years I had had enough and closed the store .
Moemg is offline   Reply With Quote
Old 08-24-2019, 08:15 AM   #4
Full time employment: Posting here.
 
Join Date: Mar 2008
Posts: 796
I started an online business after being downsized, and did that until retirement. The business grew to the point that my daughter and her husband bought it from me and now live a very comfortable life with that business.

There is lots to learn, but it is very doable if you can find a good niche. I would recommend that you not be dependent on that income however for the first few years, as it takes time to build the business. For me, it fulfilled a dream of owning my own business and was something I enjoyed a great deal.
bizlady is offline   Reply With Quote
Old 08-24-2019, 09:48 AM   #5
Full time employment: Posting here.
 
Join Date: Nov 2016
Location: Washington State
Posts: 834
I started an online software business about 27 years ago when our daughter was born. Back then there was no such thing as "online", most of my sales were from mailing floppy discs to various computer clubs. I had a niche product, on obscure computers, with limited exposure. It was really just a hobby the first 8-9 years or so, something I could do part time while raising our daughter.

I essentially had to start over from scratch several times as I migrated from one computer system to another. I finally started earning a decent (not great) income around 2001. Business peaked between 2002 and 2013 (with a couple of random bad years), then started declining back to minimum wage levels the last few years. Despite a general decline in the market my income has stayed fairly steady at that low level, mostly due to existing customers upgrading.

I never got rich, but I've really enjoyed the work and plan to continue into retirement as long as the income holds out. These days the business mostly runs on auto-pilot other than answering emails and shipping orders.
mountainsoft is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Social Security Start Stop Start Strategy street FIRE and Money 3 01-08-2019 05:29 PM
Anyone "Start their own business" instead of retiring? dd564 Life after FIRE 18 02-07-2015 09:43 AM
Anyone start a business in ER Snappy Young Dreamers 5 09-17-2013 07:49 PM
Anyone here have an online business? Oneida100 Other topics 12 06-22-2010 07:51 PM
NEW and A Business to start? dadydog Hi, I am... 2 08-08-2005 08:53 AM

» Quick Links

 
All times are GMT -6. The time now is 09:22 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.