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13/02/2016

SRWeb,RSWeb, Seniors Are a Huge Market, Our Expert Recommends, Top 10 Home Business Opportunities

1agld1r.gif20141118_143303.jpg1agld1r.gifThe Best Business Ideas for Working for or with Seniors

1agld1r.gifTop 10 Home Business Opportunities

Why are businesses that provide services or goods to seniors such potential money makers?

Because of the demographics. The baby boomers started turning 65 in 2011. In Canada, seniors are expected to comprise a quarter of the population by 2041.

In the U.S., the number of seniors will more than double between now and the year 2050, to 80 million – and most of that growth will occur between 2010 and 2030, when the baby boom generation enters their senior years.

The U.S. Census Bureau predicts that the number of seniors will grow by an average of 2.8% a year during that time.

So this is a market that’s only going to get bigger, providing ever more business opportunities for those able and willing to meet their needs. (And remember; that’s the best way to choose a business idea; see The Two Paths to Starting a Business.)

So let’s examine the needs of the senior target market and see what products and services they might be most interested in.

1agld1r.gifNEXT: Seniors' Needs

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