Chris Guillebeau, author of the book Side Hustle: From Idea to Income in 27 Days, points out that if you're a woman in your 50s, you have a competitive edge when it comes to side hustles “because you bring so much experience, judgment, and resilience to the table.”“You already know how to solve problems, work with people, and manage your time — things that often trip up younger people,” he tells Parade.Laura Koepsell, a career coach and the owner of Koepsell Career Counseling in Washington, D.C., agrees.“Women in their 50s have such an impressive background and so much life experience that they can pull from,” Koepsell explains. “They are trusted a lot in certain professions due to that area of expertise, and it allows them to keep their brain sharp and explore some activities outside of their traditional 9-to-5 that they can continue once they’re retired, as well.”Related: Here Are the Top Second-Act Career Change Ideas for Women at 40, According to Career Experts
Do All Side Hustles Require an Upfront Investment?
Taylor notes that although consulting is an umbrella term for being a sole proprietor and selling your business expertise, there’s real value in drawing from your past professional experience to work with others in your field.“Take your expertise that you’ve gleaned over the course of your long career and monetize it, give it back,” she says. “You don’t necessarily have to go out and create something new. Just repurpose what you have. You can flex it up, you can flex it down, and it doesn’t require any money upfront to launch.”Related: The 25 Most In-Demand Jobs for People Over 50—#15 Might Surprise You
2. Freelance Writing and Editing
Doing project management and executive assistant work can be a particularly accessible option for women looking to start a side hustle since it can typically be done remotely.“[Doing it] for small businesses is really helpful. It keeps things interesting,” Koepsell notes. “You’re able to dedicate more time, and it’s something you can typically do virtually.”Related: Feeling Stuck in Life? Career Coaches Swear by This One Simple, Unexpected Question To Find Your Passion
4. Renting Out Your Things
Are you an animal lover? Then caring for other people’s pets while they work can be a great way to enjoy time with furry friends, all while earning some extra cash.“Since COVID, everyone got a pet,” Koepsell says. “Now, with a return to office, there’s more of a need [for pet sitters] than ever. That’s something that’s good for the current environment.”
6. House Sitting
Whether you’re a teacher or simply have expertise in a field like biology or economics, tutoring younger people can be a great way to give back and share knowledge that you’re already applying to your career.“At this stage of life, there’s a real advantage in offering maturity, trustworthiness and personal connection—qualities that many clients are specifically looking for,” Guillebeau says.
8. Event Planning
Women with a background in finance are particularly well-suited for taking on additional bookkeeping duties.“I’ve seen [that] some bookkeeping companies prefer people that already have a CPA,” Koepsell says. “So if there’s anyone in accounting or finance in some capacity, that’s a very easy transition for them.”
10. Property Rentals
11. Travel Planning
Have you traveled the world and come away with plenty of travel advice? Consider turning that into a secondary career.“These side hustles work well because they tap into real skills and experience, they’re flexible, and they don’t require massive startup costs,” Guillebeau says.Koepsell notes that although A.I. services might replace certain travel planner tasks like itinerary making, other facets of the job still require a human touch.“There’s always going to be a need for people that say, ‘I wanna use all of my credit card points, and I don’t know how to do it efficiently,’” she notes. “A.I. can only do so much in terms of specific financial advice.”Up Next:
Related: This Is the Best 'Slow Living' Hobby for Women Over 50, Psychologists Say
Sources
Brooke Taylor, of Brooke Taylor CoachingChris Guillebeau, author of Side Hustle: From Idea to Income in 27 DaysLaura Koepsell, of Koepsell Career CounselingMandy Steinhardt, career and intuitive life coach Read More Details
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