Make Money in Recession
We are in the midst of a financial crisis, deep in an economic recession. A recession means that business growth and sales, recede or shrink. In the news today, there is constant talk about the recession and how we are all affected in one way or another. There are so many industries that are under the weather right now, losing money and power. A number of people have to seriously rethink their careers and adjust their lives accordingly. But, there are some businesses that can actually thrive in these conditions.
It is these businesses that increase and expand, no matter what the situation is. These types of businesses that are successful during these times, and don’t fall, under the weight of the recession, are called recession proof businesses. Such businesses include debt collection agencies, auto repair, healthcare, pawn shops, credit counseling businesses and the internet marketing industry.
Let’s look at the internet marketing business and home based business opportunities as an example. These businesses are able to thrive, due to their low cost and overheads. Moreover with the Internet, you have a myriad of different options to choose from. There are several categories for any home based business such as: an online store, an affiliate shop, becoming a freelancer, and any service that actually deliver some type of business online.
If you think about having an online store, this can be run exclusively online. You would need an ecommerce website, and some basic tools, which are relatively inexpensive. If you don’t want to have your own products to sell, you can think about an affiliate store. An affiliate store is another great option.
This type of online business is set up so that the user has an account with a wholesaler of the goods, who will ship out the owner’s orders. This type of shop is great for those who want to save money, by not having to stock an inventory. The business owner takes the order, sends it to the wholesaler and they only pay for those items their customer orders, and then resell it for a profit.
The online services business model is one that can range from the graphic artist to the web designer, and various other freelancers. There are those that work from home, who run their own virtual administrative business.
The virtual marketing assistant can help increase profits for your online business. Because every business needs a marketing strategy and it is the virtual marketing assistant, that can take you into the world of internet marketing. They will help build your brand’s power aiding in sales and growth. If you are looking for an online business, you can become a virtual marketing assistant.
The main reason we focus on online businesses here, is because this is one of the main type of business that does well within a recession. Think about it, you don’t need to spend too much. You can start out with having a basic website and go from there. In fact, often times you don’t even need to have a website, as you can pretty much offer your services through a third party resource. For example, if you’re a freelance writer there are many sites that you can choose as a platform to offer your skills and expertise.
My friend Alex Jeffreys is offering a hour of free training that explains what type of businesses that are working in today’s rapidly changing economy. http://www.bootcampselling.com/
Angelo Jirik
Hi Steven,
I was very impressed and interested in your post especially as we are just about to launch our new Thai silk online store.
You made many very valid and useful points that very clearly show the advantages of operating a successful online business
In particular the idea of a “virtual assistant” is something we are working on right now.
Many thanks again..awesome post Steven.
Hi Steven,
I totally agree, I’ve just started Alexs’ coaching and completely believe the way forward is via an online business, it doesn’t matter what market you’re in, you have access to the whole world.
To your success
Michelle
Hi Steven
Yes there are business that will do better than others at this time. There are some very successful on line business.
A little about me – My name is Sue McDonald and I am a student of Mark Terrell and I am actually going through the course a second time – by invitation. I love it and know if I do all he says, I will be successful. I am Australian but the US is my second home as I have family there and visit quite often. This is why I started Internet Marketing so I can travel whenever I want and have the money to do what I want.
Well I hope you are doing well and you become very successful. I would love you to come visit my blog and leave a comment.
Kind regards
Sue
Steven,
I think the low overhead plus the flexibility is what attracts people to online marketing. Most people already have their own computer. They can work when they have time, and also keep working a job, or looking for a job, while their online business is growing.
The costs involved (for me)were getting some coaching, hosting expenses, domain expenses, aweber expenses and occasional other expenses…but it is a lot less than the cost of running an offline business.
Cheryl
Almost everyone that makesan income on the internet (even the millionaires) do so through affiliate marketing. Being successful in affiliate marketing involves knowing the formula that makes other affiliate marketers successful. For example, autoblogging. Autoblogging has been one of the least well-known forms of making money on the internet for quite some time… basically because it’s quite difficult to make a good auto-blog. Yet, when done right, it can provide you with a constant passive income with the only real work required being the setting up process. Video Marketing, and several other marketing strategies are all designed to drive traffic to your site, can be incorporated steadily in order to raise the position your site appears in the SERPs when someone searches for a term related to your site. And yet, even this can be totally automated.
Hey Steven
I have just come for a visit to your site. How are you going?
Yes it’s Mark and I am following my students as they post on other peoples blogs. They don’t know that I am always checking to see they are getting results. I am passionate about helping them achieve and then they are able to make some money online exactly the same as I am doing. It is not really difficult as long as they are willing to put in the effort.
Always pleasing if I can see some of my students have posted comments. Keep up the good work.
Regards
Mark
Hi Steven,
This describes my situation perfectly. The corporate thing is over and finding a new job in this economy is near impossible.
I’m starting out and planning to have my husband join me once the IM business is generating enough income.
The start up has been relatively low and sky is the limit!
Thanks for the post!
Lesley
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I had to read your post twice to get the full meaning of it. I enjoy reading what you have to say. It’s unfortunate that more people do not understand the benefits of coaching. Keep up the good work.