How do you plan to retire using Internet Marketing?

Retirement will be hard and bitter for me, a psychic told me.

But I plan to still try to prevent it.

Retirement for me is doing something I love without financial worries.

Not cashing out and doing nothing all day everyday.

By having set up my whole IM business (at my father's insistence), almost from day 1, with the kind of legal and accounting set-up such that its component parts and/or the whole thing can feasibly and practicably be sold as a secure, growing business, if I ever want to do that.

I don't have one yet.

Affiliate marketing.

Here are 10 of my reasons for thinking that affiliate marketing is better-suited to most people, and likely to be better-paid, on average, than creating their own products.

When I started, I gave myself 2 years (but to my great surprise got there in less than 1 year. That was my "making a full-time living goal", of course, not a "retirement goal"!).

Write fiction, and play more backgammon.

1. What is your definition of retirement?
My definition of retire is being able to live on my own terms and making money residualy in my sleep.

2. There are tons of way to make money online which could be overwhelming for newbies. Which money making method/s do you plan to specialize in and WHY?

I will specialize in product creation.. network marketing affiliate marketing

3. How many years are you giving yourself to reach your goal realistically?
Next year? 10 years?


The next year I will be 100% retired

4. What do you plan to do when you retire?

Spending as much time with family as I can and enjoying my riches

The word retirement is temporary for internet marketers. They can set some goals like a passive income for coming months. Then you can retire, once your passive income is slowing down or gone then a re entry to the market again.

Also, without internet, what you can do lol.

I've had the freedom to set my own schedule for over 10 years now. While there have been some ups and downs, it has only gotten better. I feel very fortunate, and the first thought is on giving thanks for what I have now. Second, I have found ways to make money online that I truly enjoy. I heard a famous dancer once say:
1. Enjoy Dancing
2. Enjoy showing other people the dancing
3. Let the dancing teach people something merely by watching the dance

In a similar way, I'm somewhere between #2 and #3.

I don't think retiring from an IM-driven income is mathematically possible...

To me, "retirement" literally means engaging in ZERO income-producing tasks. No sending emails, no "customers", no employees or subordinates who report to you. Your money is already in the bank and you're either living off of it, or living off of the interest.

It's not possible to build a sustainable residual income without doing SOME work - even if you've built a network of sites that takes zero minutes per day and generates an income right now, those sites could be hacked, disappear from search results, the product they're offering goes out of demand/becomes unavailable, etc. It's not truly "retirement" if that income stream can potentially disappear.

That means the only way to use IM as a "retirement strategy" is to generate and bank enough money PRIOR to retiring that you can live off of it without any additional income.

When I retire, I'm not doing jack squat to "make money" - the money's already been made. My day to day will consist of yelling at kids to get off my lawn and going to Walmart and pretending to be senile.

Retirement will be hard and bitter for me, a psychic told me.

But I plan to still try to prevent it.

Apparently, run my business pretty much as before "retiring."

I decided to retire about two years ago. I put my business as much on auto-pilot as possible and tried to walk away.

That's when I joined WF, because it seems, I'm quite addicted.

But really, I can stop any time I want...really I can...

1. What is your definition of retirement?

My definition of retirement is to continue marketing online because I enjoy it, but to reach what I call financial security.

My definition of financial security is to make more money than my wife can spend!

2. There are tons of way to make money online which could be overwhelming for newbies. Which money making method/s do you plan to specialize in and WHY?

I'm a list builder I make most of my money though list building and membership sites that are services and selling software. The software on the sites does handle almost everything. Plus,I do some affiliate marketing to my lists.

3. How many years are you giving yourself to reach your goal realistically?

I have been reaching my short term goals and have a plan to reach financial security yet this year.

4. What do you plan to do when you retire?

I plan on doing more Internet marketing, some speaking and traveling with my lovely wife to places she has yet to see. I also plan on doing my nightclub magic act, which is a dove, silk and card manipulation act, and hopefully finding a worthy backgammon player.

I've beaten the Kentucky State Champion, won a trip to Jamaica and won all kinds of small tournaments. So, look out Alexa.

Best regards,
Steve Yakim

I said when I reach 2 million a year..... I'd start to slow down at least. Found out that the more money one makes, the more money he spends.

So....... retirement is elusive.

I don't care though - I love what I do because I do what I want.

I'll probably never really retire anyways..... I'll always be doing something.

My idea of retiring, at least at my age, is doing exactly what I'm doing now. So you could say that I'm already retired :O.

Having proper systems in place to reach your lifestyle goals without sacrificing the majority of your time is success, to me.

*high five*

It's something that new people to internet marketing should understand first. Information overload can cause people to freeze, slowly walk back, then run for the hills. But when the system is understood, true progress can be made - and it's usually simple.

"Everything should be made a simple as possible, but not more so" - Albert Einstein
and
"If you can't explain it simply, you don't understand it well enough" - Albert Einstein

As long as I can type, see, and think, with IM I really don't see a need to retire.

For me, I don't have immediate plans, I have a feeling for as long as I can I will still be involved with this.

With this being said, I do put aside a fair bit of money for investments/retirement. In the end if something catastrophic were to happen then I'd be covered. It will also give me more options in the future. Let's face it, you never know what will happen.

I know I didn't really do a good job at answering the questions but I had to throw in my two cents.

To the end of achieving goal then i will think about it

From what you guys posted, it seems that there are TWO main definition of using the IM to "retire".

1. Those who believe in absolutely ZERO work... Not even taking a phone call. It's like owning an ATM card with unlimited cash in it. The exit strategy for these people could be to sell their business for Millions and just live off their savings.

2. Those like myself, who has the passion to built income producing businesses that could meet our "retirement lifestyle" with little to no maintenance. These people are alright with a 5 mins a day "work" or accepting a big project once a year.

Keep it coming guys!

It was only around 1995 which is 19 years ago that the Internet started getting introduced to the public. In the UK the official retirement age for me will be when I'm 67 which means I have over 20 years before I reach retirement age. Who knows where the Internet will be be at 20 years down the line. All I know is the only constant is change and where I will be when I retire probably won't resemble anything that I envisage now.

Why wait until you retire to do travelling (or all those other things you always wanted to do) because retirement might never come.

Go do it now!