The Gig Economy or Sharing Economy – Jessica

The Gig Economy or Sharing Economy – Jessica Headrick

  • 02 Mar 2016
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Baby-Boomers Ease Some Retirement Concerns

For the Millennials, the unlimited access and options of the online economy are part of everyday life and experience. They’ve always lived in a world of drive-sharing services, home-sharing, and app-based platforms that can connect businesses to customers and allow someflexibility for both.

Baby-boomers, however, have lived the progression into this realm of thinking and working. Old habits and opinions have held them back from an ideal economic arrangement for the “un-retirement” years. Forty percent of the US workforce is taking advantage of the new gig economy today. Nearly 58 percent of people over 65 are now actively using the internet and it’s time to find out how you can turn that time spent on the computer into a paid opportunity.

How would you like to earn some extra cash?

By our 50s or 60s,we’ve earned and learned enough to easily profit by sharing what we own or offering up our services. This requires little investment to get started, almost no overhead, and very little commitment. If you have a desktop, laptop, or smartphone, you can sign up online and start sharing. Use your own car, home, or skills, schedule at your own convenience, and use the extra money for fun things like vacations without tapping into retirement or outliving your savings.

Like most things, you need to have a personality suited to this style of work and life. You are considered an independent contractor and that means you take care of your own taxes and benefits and need to be aware of allocating them on your own as well as figuring out whether the wages you intend to receive are worth that effort. This is why it is easier to do gigs part-time rather than full-time. Boomers have additional retirement, Social Security, and Medicare to rely on while Millennials do not.

Here is a list of popular online gigs and linksto learn more about them. Each platform assigns a percentage of what your hourly rate or wage is in return for connecting you easily to your customers,providing reviews for services, and enabling trust and support for directcommunication. These companies dissolve barriers that connect people to the community while eliminating the hassleof billing and marketing tasks.

How about even more choices to earn extra cash?

This new way of doing business has also impacted Direct selling opportunitiesthat alreadyoffer products directly to a customer away from a fixed retail location. It’s gotten even easier with the use of social media to build an online customer base with unlimited potential contacts. Direct selling companies offer everything from financial products (Primerica), gourmet food (Pampered Chef), wellness products (Isagenix and Herbalife), Cosmetics (Avon and Mary Kay), home décor (Home Interiors), travel discounts (WorldVentures), and other product categories including kitchen products, high end jewelry, clothing, organic gardening supplies, and spa products.

The median annual income for direct sales consultants in 2011 was $2,400, keeping in mind that 89 percent of direct sellers run their businesses part-time and work under 10 hours a week.Manypeople go into direct sales because they want to buy their favorite products at a discount and have fun earning a little extra spending money. They often get into the business just to buy items for themselves and have no intention of selling or recruiting.

People in their 50s and 60s are probably the best candidates for direct selling. They are educated, they’ve built a network of friends and colleagues, and they are mainly looking for an additional and passive income stream. They’ve spent time thinking about what motivates them and why making it easier to determine the right company and product that excites them.

Anyone can enter the field. You can set your own hours, taking time off to travel or visit the grandkids if you want. Start-up costs are often minimal. And it can be fun.You can market their products in different of ways, including meeting with a single individual, entertaining with home parties, and using the internet. You’re compensated for your product sales,then sales of your recruits, and eventually sales of your recruits’ recruits. In addition to paying sales commissions, many multilevel marketing companies offer the bonuses in the form of additional money, trips, and prizes.

For example, one of the newest direct sales trends involves discount travel sites. One that sets itself apart is WorldVentures’Dreamtrips platform. Joining the vacation club allows you to get bulk buying discountsas part ofa large group of vacationersand bank your membership fees for travel expenses now or for future travel.

  • Bring 4 friends into the group who want to travel as well, earn a commission and no longer pay your membership fees, and earn a passive income stream from those individuals.
  • Choose to bring in more people or rely on existing friends to sell to others to increase the commission or passive income over time.
  • When you reach ($10,000 fix this) in sales, you qualify for a new silver BMW.

Direct selling used to require quite a bit of behind-the-scenes work. Youneeded to place product orders, attend training sessions, recruit distributors, and handle the paperwork that comes with running a business. But not with more modern direct selling companies like WordVentures.comthat were conceived online with dashboards that track your clients and financial activity for you. It also allows you to present the product on a smartphones app or simply share a video.

  • Your ‘paperwork’ is online and your personalized site is accessed by customers directly who sign up on their own with a few keystrokes. They may call and ask you for help navigating the site and booking their trips their first time around, you might meet them for coffee to go over the smartphone app.
  • There is no tangible product to order and distribute or store. Your initial membership is $99 (standard for most direct selling start up kits) then $25/mo for access to your own travel club discounts.
  • The monthly fee is banked for use for travel expenses and can be credited toward vacation packages and reservations.
  • Training sessions are optional and involve traveling to the session. The purpose is to meet other like-minded individuals, take photos of your experiences, and share them. You can simply go on your own scheduled trips and do the same thing. Training sessions merely give you more ideas for travel and ways of sharing a lifestyle designed to enhance your cultural experiences and explore new people, places and things.

Do an Internet search to find out about some of the old and new companies and whether they’ve been reported for any problems. You can also run a search for recent articles and blog posts and do another one using the company’s name and words like “scam” or “complaint.”

Here is a list of 6 questions you should ask a company representative to determine if it is the right product for you sell. Also find more information regarding the difference between Multi-Level Marketing companies and Pyramid Schemes. They are not the same thing.

If you don’t get satisfactory responses, this direct selling company should be a “no sale” for you.

For more information regarding joining WorldVentures.com from this site, leave your email and comment on the form below.


**All articles that require research come with a list of resources and links.

Author, Jessica Headrick

Farrell, C. 2016 Next Avenue contributor, Gig Economy: Better for Boomers than Millennials,http://www.forbes.com/sites/nextavenue/2016/01/24/gig-economy-better-for-boomers-than-millennials/#3e9189046bdb

Blake, M., 2015. How to Get In On The Sharing Economy, http://www.nextavenue.org/how-get-sharing-economy/

Burns, S., 2013. How Retirees Can Earn Money From the ‘Sharing Economy’, http://www.nextavenue.org/how-retirees-can-earn-money-sharing-economy/

Collamer, N., 2013. Can You Really Make Money in Direct Sales? http://www.nextavenue.org/can-you-really-make-money-direct-sales/

Jessica Headrick is a professional writer, Executive Advisor at Boardroom Advisory Group and Founder of Scribe Syndicate. Jessica has an extensive library of published articles including Technology, Human Resources, Travel and Tourism among many others. She provides topic research, initial draft concepts to complete article and blog productions, all dependent on the client’s individual needs. Jessica is available for project-based and al la Carte work throughout the United States and can be reached at jessica.headrick@boardroomadvisorygroup.com.

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