A quick guide to online self-employment income for seniors

Many US and European companies are turning to the Internet to find skilled labour.

It’s not that they can’t find this labour locally.

The problem is that when they hire locally, they actually bite off more than they can chew.

Not only do you have to pay a person a full-time income, but you also have to pay all sorts of legal costs.

Of course, we are talking about medical care, insurance and other additional costs.

All these costs add up and it’s no wonder that more and more employers in the United States, whether they are start-ups or long-established businesses, are turning to the Internet to find online self-employment.

The great thing about freelancing is that you pay them a negotiated fixed fee and once the project is complete, they stop working for you.

It’s quick, easy and you don’t have to deal with any administrative or accounting hassles.

That’s not the case with a real employee in your physical business.

Moreover, there are many different types of freelancers.

The main point of distinction is their skill sets and skill levels.

Seniors can make a lot of money as online freelancers

If you are a senior citizen looking to make money online, you can be a freelancer.

It all comes down to how you do it.

If you want to be a freelancer offering services that most people who can speak English can offer, it can get depressing very quickly.

If you just want to fill out forms or if you want to be some sort of general virtual assistant, it can easily become a race to the bottom.

Please understand that these tasks can be done by a large population of people and can be done anywhere on the planet.

Consequently, people in the Philippines, India and developing countries charge less than $5 per hour for such freelance work.

If you live in the United States, you can’t compete.

You must charge at least $25 or at least $50 an hour.

So, the key here is not price. If you try to compete on price, you will lose time and time again.

Don’t even start. That’s a non-starter.

How to compete online as a freelancer

The key to success is skill specialisation.

The more specialised the skill and the more valuable the skill, the more money you can make.

Do you have legal experience? You can write legal articles.

Normal articles that are used for search engine optimisation are as low as $5 or less for 1000 words.

Legal articles written by people with real legal backgrounds cost $100 or less per 1000 words.

Which do you prefer to write? Which rate best compensates for your time? It’s a no-brainer.

The same applies to medical information.

If you are a nurse and can write, you can get a pre-significant premium for medical information.

There is a huge demand for these materials. But you must have the right skills.

The more specialised your skills, the more money you can make.

That’s the bottom line when it comes to online freelancing.

This applies to graphics, this applies to writing, this applies to marketing and this applies to research.

So, you must have the right skills.

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What if you don’t have the skills?

The great thing about the Internet is that even if you don’t have the skills, you can easily learn them.

How? You can go to Udemy or even YouTube.

There are all kinds of free coaching programmes or low-cost coaching programmes.

You can get the information you need through the right courses so you can get the skills that people are willing to pay top dollar for.

You can also enrol in an online university.

You can get an online law degree or even an online MBA. It’s up to you.

Make no mistake, thanks to the Internet, you can make plenty of income online.

You just have to have the right plan, method and strategy.

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