Retirement is expected to be a point in life when one can enjoy a relaxed lifestyle and partake in fun activities. However, it is also an excellent opportunity for most senior citizens in this country to try out new adventures. The decades of know-how, wisdom, and skills are excellent to create a mini-business that keeps them busy and generates a steady income. Here are the five best small promising business ideas for seniors in India that can earn up to ₹70,000 per month.
Consultancy services
Then, leveraging that expertise to offer consultancy in finance, education, healthcare or marketing, consultancy services, leveraging that expertise to offer consultancy in finance, education, healthcare or marketing. Most businesses and startups look out for experience mentors who can guide them in their initial stages through the challenges. LinkedIn may be a great platform to rely on when searching for potential clients.
- Potential Estimated Income: ₹20,000 – ₹50,000 depending on industry and number of clients.
Tutoring And Coaching
Senior citizens with an educational background or a good command in subjects such as mathematics, science, and languages can start teaching or coaching students for competitive examinations online. Setting up a platform for example specialized tutoring or personal coaching would be most appropriate.
- Potential Earnings: ₹30,000-₹60,000 depending on students taught and subjects covered.
Calibrated Home Cooked Food and Catering Services
Convert your cooking talents into a success catalyst in homemade dishes, snacks, sweetmeats, etc. Target market – office staff, college students, small gatherings, etc. Home chefs can also use Swiggy and Zomato to list services.
- Potential Earning: ₹30,000-₹70,000 Per Month, Based on Demand and Scale.
Handicrafts and Handicraft Products
If you are a good craftsperson with pottery, jewelry, or home décor, start making things and selling them. Consider launching on platforms such as Etsy or Amazon Handmade and showing off your goods at local exhibitions.
The potential earnings would fall between ₹20,000 and ₹50,000 per month, depending on the volume of sales and pricing of the products.
Yoga and Wellness Classes
As concerns about health and wellness intensify, yoga or meditation classes would offer such people a beneficial and profitable business. Not surprisingly, there may be a senior citizen likely being certified in yoga or fitness who would be able to provide the service to those who are generally quiet and relaxed but health conscious.
- Potential Earnings: ₹25,000 – ₹50,000 per month.
Conclusion
Setting up a small business in the later years of life is possibly the most liberating decision for those considering it. It sets the pace for earning independence, as well as keeping the mind and spirit alive. With the proper planning and cousin dedication, that’s totally possible to realize earning of up to ₹70,000 for a month. As they say, age is just a number when it comes to pursuing your dreams!
