Review of 202 Ways to Supplement Your Retirement Income (Paperback)
This book is really divided into two big parts.
The first 128 pages or so is pretty general in nature and talks about things like setting up a company, financing, employees, where to put it, accounting and taxes. These are things thatevery business has to do and you’ll have to do most of it. I only have three comments about this section.
He says that there are three main things you can do: Provide a Service, Sell Products, or Manufacture Products. He’s right, that’s it. The first decision you have to make is which of these do you want to do?
On page 18 he talks about selecting the company name and checking to see that the name is clear. Then way back on page 83 he talks about getting a domain name for your web site. That’s backwards. Get the domain name first. This day and age you need a web site even if you’re just putting up your name and phone number.
After this, in the second and larger part of the book he lists the 202 ways (I didn’t count them, I presume someone did and that there are really 202). I’d suggest that you view this kind of like a brainstorming session. You probably won’t want to do any of these 202 things, but if you can take idea number 72 and combine it with idea 186, and modify the result to suit your own needs, you may well indeed come up with something you can use to create a business. I did, almost exactly like he said to do.
One point to remember, labor rates are very cheap overseas. You may not want to do the actual manufacturing yourself unless you can provide some art or personalized service that someone in China can’t do.
Product Description
The New Encyclopedias for Supplemental Income
Filled with 202 proven money-making opportunities, each book in this popular series outlines a multitude of ways you can supplement your income.
The current trend of active retirement is growing. This book shows you what you can do in retirement to make extra cash. Plus, it includes the essentials on getting started, with valuable tips in all areas of business and an extensive resource list.
From the Back Cover
Forget fixed income-yours can grow in 202 ways!
Just because you’re retired doesn’t mean you can’t earn some extra cash.Moneymaking maverick James Stephenson offers 202 great ways to turn your hobbies, interests or past career experience into a profitable business.You don’t need any business experience. Stephenson walks you through every step, from choosing an idea to setting up a business to keeping track of your profits.He’ll help you get started with:
·Details on the skills and requirements for each moneymaking opportunity·Bright ideas for spreading the word about your business·Ways to keep your customers happy-and coming back·An extensive list of resources for more information about each moneymaking idea
You’re done working for someone else.Now’s the time to work for yourself!202 Ways to Supplement Your Retirement Income gives you the ideas, information and resources to get started right now.
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