Is Internet Marketing Your Retirement Plan?

In my case, it's all of the above. I'm retired from the corporate world, but have a successful Internet-based business that provides more than adequate income for my personal and family's needs, but have socked away much of the profits into a tax-free SEP IRA, stocks, money market accounts at my bank, and still have my old company 401K plans (mutual funds) working for me.

For me, my viral websites are putting me through the many years of schooling that I need for my profession. Then that profession will get me a nice early retirement.

I place trust in diversity.

- Tom

should have pension + I'm investing in domains and have built up few sites that help solving specific problems of some niches.

Hi Kevin

Multiple streams of income for me!

I place trust in knowing that I have a variety of extremely diverse methods of bringing regular money in, that should last for many moons to come

I think it is important to develop a 'multiple streams of income' attitude, even if you already 'doing alright'.

I don't see myself as the retiring type, but some investments in property and stocks as well as other business interests should all help for the future.

All the best

Trevor

I have been doing the IM since 2011 while I was a student only. Now I am a Banker, still I am doing the IM. I am sure I will do the IM as far as I able to work here. Thanks.

Savings Account.

The problem with internet marketing as a retirement plan is that it is constantly changing and if you rest on your laurels for too long then goes your fund.

I'm a big believer of recurring income. Otherwise, you can have a great onetime product and you can do crazy job marketing it and have massive earnings... but in the end, when you leave it, slowly the sales will be gone...
if you creating a membership plan - with a product that people need for a long time and will pay for it month after month- then you'll be set up for life

That's the beauty of my business. Most people when they retire.... they have to still go back to work, "part time". That's what they say to justify that they don't have enough money in their retirement account - along with social security.

So yes... internet marketing is my retirement plan. I only spend 1 hour a day on it now, and i intend on spending 1 hour a day on it when i'm 70.

As long as residual income pours in without much time or attention, why wouldn't be part of the plan.

OR, build up and sell off for a lucrative cash out, OR sell most and collect the dividends.

gjabiz

Lots of good points already made here (domains and blogs increasing in value over time, recurring income, passive income, etc.) which I agree with 100% as well as being diversified in different investments.

One thing I will add : having your home paid off is an extremely helpful thing to have as a goal, since housing costs are the main expense for most people. There is a lot of comfort in knowing your home is already paid off and you don`t need to worry about paying a mortgage or rent payment every month.

That's a great question. I've thought about that a lot. For me, its a question of diversification.

Making money online isn't just something that you can do for a little extra cash. You can actually start a legitimate business (i.e. LLC, INC.) and have retirements accts. and stuff. I know educated people that gave up their careers in the real world to do this full-time. Why? Their real-world careers didn't pay them nearly as much as making money online does. With that said, they also been doing this for a while. I also know people who have used money from their online businesses to invest in "brink and mortar" businesses.

Joey

My home business portfolio is for the intent of funding my 3 golden buckets: Spending, Savings and Investments.

The intent of my business is to serve my life not me serve the business. So you could say I my intent is to build a lifestyle business. So of course, the business has to be able to generate in profits what I need personally, taking care of all business expenses, taxes, etc.

Also, the only personal debts we have is our home. We pay cash for most of what we need. If we need a loan we borrow from our income for life policy which is like our own personal bank that we pay the interest to ourselves.

Profit to family allotted as follows:

Spending: Taking care of my personal family expenses.

Savings: such as (10-20% gross) for emergency fund, automobile repair fund, gold and silver, mini-vacations, vacations, etc.

Investments: Stocks, options, gold and silver, real estate, income for life, legacy portfolio, etc. (Not a fan of mutual funds)

So I am ready to do this IM business to build a better lifestyle for me and my family, by being of service to others by helping them to solve problems in their lives.

Leilani

I tried retirement...it sucked!

I fully intend to die with my boots on.

Right now, I am only focused on generating revenue. However, eventually, I'd ideally like to turn to investing, but not stocks or most other traditional investments.

Internet Marketing for sure. I'm already retired (hit retirement age) and it's perfect for me. Pretty simple -I just do the work, interesting, I get to help other people make money, and it will keep my mind active when I'm REALLY old (unless I retire again!)

I think it's a very unwise move for most people to plan on 'retiring' based on online income, if we're talking about full-on retirement with no work or upkeep whatsoever. I understand some things can be extremely close to passive.

The real problem in my eyes is sustainability. Things can change really quick, and they do. For that reason it's hard to find something you can truly forget about completely and still be certain you're going to get paid next month, year, decade, and so on.

Personally what I'm doing is trying to make as much as I can and investing it into index funds. When it comes time to retire, I'll just use the 4% rule and live off of the investments.

Internet marketing can NOT be a retirement plan what if new law comes or war breaks out (emp) etc... or internet is illegal, you can't count on that for retirement right?

Internet Marketing has been my plan and will always be my plan. I'm 23 years old and I travel a lot. Nothing beats being able to travel and still make money. It's not like any other type of work wherein income stops once you can't be around.

No matter what age, anyone can succeed in internet marketing as long as they're willing to learn the skills. Reality is, it's not that hard once you're committed and there are tons of stuff you can simply automate.

I love internet marketing and I don't plan on leaving or doing something else. As for other industries, I always practice diversifying my income as long as it does not conflict with my current customers. So I don't sell people multiple things. I sell them one product...one system only. Then I use my income on other things like real estate and stocks.