What Recession? The worse the economy, the more wealth to create?

Discussion in 'General Marketing' started by BeAChampion, Apr 2, 2009.

  1. BeAChampion

    BeAChampion Member

    What Recession?

    I personally know that the worse the economy becomes the easier it becomes to make money from home, based on my own personal marketing experience.

    My marketing becomes more and more effective because more and more people are looking for solutions to make more money and they turn to looking at ways to make money from home.

    As long as I find these people, I can really help them create financial wealth in their lives which in turns creates wealth in my life.

    Who agrees or disagrees with me? Give reasons why.

    ~Tim
     
  2. A8ch

    A8ch Gold Member

    I agree!

    Here's why:

    1. Even before the economy took a turn for the worst, lots of people were struggling to make ends meet. Many of those people will now be forced to earn some extra money simply to stay afloat financially.

    2. The domino effect the recession is having on business layoffs, bankruptcies and closings, is causing people to become concerned about the stability of their employment situation. Many will turn to the Internet as a safety net.

    3.The Internet is taking a big bite out of traditional offline business revenues in some markets (e.g. newspapers and music), and smart people are seeing this frontier as a gold mine.

    4. And for those people who did everything right - got an education, secured a great job, worked hard - and still got the crappy end of the stick, they may be more determined to take control of their lives via the Web.

    Hermas
     
  3. getagrip

    getagrip Gold Member

    It really depends on the niche and how much money people are willing to spend. Obviously, when people are hurting for cash, many of them will look for ways to earn money online, so that is always a good niche to market. On the other hand, some people who have jobs and aren't looking to earn money online may think twice before buying the next expensive "toy", but at the same time, there will almost always be someone out there who has the funds to buy the "toy", and when these people are out there, you have the potential to earn money.
     
  4. cherie27

    cherie27 New Member

    Yes, i agree with all of you.

    When the economy is bad, people start to look around for another/extra income. A mindset for most people.

    But it also depends how much they want to spend. Most people will be concerned about if i spent that amount of money, will i really get the extra income that the sales page claim? Since everyone is shrinking their wallet.

    The key thing is to trust the trust from those people who wanted to earn extra income and get them to buy from you.
     
  5. BeAChampion

    BeAChampion Member

    Thank you Hermas

    Thank you for 4 excellent and clear reasons why the state of the economy 'forces' or 'helps' (depending on your point of view) all of us to find ways to take control of our financial well-being.
     
    Last edited by a moderator: Feb 13, 2014
  6. BeAChampion

    BeAChampion Member

    getagrip: Obviously, when people are hurting for cash, many of them will look for ways to earn money online
    , so that is always a good niche to market.
    Great point.
     
  7. seeyalater72

    seeyalater72 New Member

    It is a double edged sword indeed because as has been mentioned previously some seek "alternative income" in tough economic times while others take the "I'm not taking a chance with my money on something that may or may not work". If you have a product that makes sense and can withstand a down market then you will be at an advantage in these times.
     
  8. Chrisskoyles

    Chrisskoyles New Member

    I think I agree. I've definitely seen a good boost over the last several months.

    Although I offer specific services rather than opportunities for money making, there's definitely been a trend in people looking to make some more cash with a side business or even deciding to go it alone after being laid off at work and then turning to me for help with certain things.
     
  9. jaesun16

    jaesun16 New Member

    People struglle for living[​IMG]

    More people seeking easier way to make good money
    because, they have experienced failure.. if hard working[​IMG]

    Of course there is more opportunity when its recession, and economy goes down. Why?

    * More people lost job and staying home.

    * Internet business is one of the fastest growing business in

    decade.

    * We have been hard workers, whether it's recession or not, just

    it is the best timing for our business's growth

    I hope we all make success, and

    Happy day~^^[​IMG]
     
  10. Kristiansen

    Kristiansen New Member

    I agree, I've been in the advertising business for seventeen years. I specialize in newspaper classified placement so I've seen trends come and go with varying economies. The one thing that I know for certain is that as the economy declines, more people are looking to supplement their income with opportunities. I personally always see more biz oppt ads performing extremely well all over the country in economic declines. It truly is a time for business opportunities to shine!
     
  11. samda

    samda Member

    Completely agreed with you. I personally know many entrepreneurs earning tons of money in this time of economic slow down. If this is the case I hope we can also do so.

    Internet based business are getting hotter and hotter because there are people who are searching for new ways to fill their pocket. So no recession for us. Only profit.

    Sam
     
  12. moneymagnet23

    moneymagnet23 New Member

    yes i agree with you as well, the worse the economy comes the more money you can make from home with your own business. The problem is that its not only about them signing up but keeping them signed up.

    Most people that are hurting financially is because they were never taught how to manage there money properly and in turn have troubles.. i suggest, that when you get new recruits to not only encourage them about your business but offer them services to help manage there money properly.
     
  13. Newbie Shield

    Newbie Shield Gold Member

    Hey Champ,

    I think that new opportunities pop up as the recession worsens. Creative marketers can use this to their advantage.

    Furthermore, brick and mortars are closing down left and right. Their customers are forced to turn their faces to online solutions.

    In regards to online marketing, it seems to be more lucrative than ever and should continue to grow.

    ~Newbie Shield~
     
  14. topstring

    topstring New Member

    I had oftern wondered how that would work. Makes good sense to me. Very logical
     
  15. BeAChampion

    BeAChampion Member

    Newbie Shield: Furthermore, brick and mortars are closing down left and right. Their customers are forced to turn their faces to online solutions.
    Excellent point Newbie Shield.

    Everyone has made great points.

    Keep helping people and think differently then the society norm, and never give up and success will follow.
     
    Last edited by a moderator: Feb 13, 2014

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