From the thousands of business opportunities available online, a common theme is starting to emerge. It would seem that the all the developers and entrepreneurs are jumping on the ‘Recession’ band wagon.
Claims of recession proof business opportunities are everywhere along with the usual hype of ‘you could make millions of dollars by scratching your backside.’ Whilst it is possible to generate a vast amount of wealth (lots of people are doing it) from online business opportunities, it would be recommended that you take such claims with a pinch of salt and do you research.
Then there are emerging claims of ‘Recession Proof’ business opportunities. Are they real? Can a business be truly recession proof?
The short answer is yes.
Unlike your local real estate agent that has had to close due to the collapse of the local housing economy, online business opportunities are global. Just because one economy is in a recession, does not mean that the neighbouring economy is. However, the recent recession has been Global. Markets all over the world have suffered, jobs have been lost and huge amounts of money have been spent bailing out failing institutions – the scale and depth of this recession is far different from previous ones.
Yet, internet businesses are thriving. They always say that there are winners and losers in every recession. The losers are the ones that have not adapted; they are stuck in their ways and cannot accept change. The winners on the other hand have diversified, spread into new markets and have embraced change.
This can be said of both businesses and individuals.
Of the thousands that have been made redundant recently, how many would consider getting involved with an online business opportunity? 99% of people will not and will become the recession losers as they have not opened their mind to something new. Of the 1% that gets involved, they will see that they have the opportunity to earn a fantastic income by tapping into new markets that they never knew existed.
The World is in a recession now. Recessions will come and go forever, so it is vital to place yourself and you business where you can weather the storm. Online business opportunities give the business owner the tools to survive a recession.
Right now there are business owners who have not been affected by the recession, some are even reporting an increase in profits as people turn to the internet in search of a better life. With new people looking for online business opportunities every day, it is simply a case of being in the right place at the right time, not whether the economy is in recession.
When you are doing your due diligence, make sure you find out how the business is ‘Recession Proof’. A lot of the opportunities are totally insulated from the recession, others are simply there to prey on the vulnerable, so be careful.
“if you’re hearing a black woman that makes YOU the racist”
hahahaa
allies needs to get a refund on his econ class. the feds have just come out with last quarters growth numbers. the first quarter of this year we had 0.6% growth, and that is NOT the revised number, which will come out next week ,and will be closer to 1% growth. therefore we are NOT in a recession. but keep hoping, allies, maybe it will start this quarter
The best way to prepare for a recession (or anything for that matter) is to have as little personal debt as possible. Having a six-months-expenses buffer of easy-to-get-at cash (e.g. bank accounts, redeemable CDs, &c) is even better. The main risk for someone working for salary and not invested in the stock market is that they'll lose their job, and if you can honestly say, "if I lose my job I'm good for a while until I can find another one", you're golden.
Prices *should* go down during a recession, but may not because of price stickiness. The rising cost of gas may force some staple goods up in price as well if they need to be transported. If you shop farmers markets for veggies, your food bill will probably be OK. If you're a fan of imported French cheeses, maybe not.
As for benefiting from a recession, if you're not in the stock market, the middle of a recession is a great time to start being invested in the stock market, since everything will be on sale. Also if you've been thinking of buying a house and have good enough credit to land a mortgage, houses are very much on sale, too.
oooh its not fo u to wowwy about!! bahaha
1. The stock market decline has cut the endowments for humane societies, meaning that less money is available for services. Open hours at shelters get cut. Ability to care for animals goes down. Shelters close to save money. (MA is closing 3 SPCA shelters)
2. People less likely to adopt pets. Shelters get full.
3. People give up their pets to shelters. If you lose your home, you often can't take your pets with you to a rental. If you can't afford people food, pet food is a luxury. Vet bills are an issue. Job loss increases abandoned pets.
4. People abandon pets to the streets or to shelters, pets often sick or suffering from neglect. Shelters have to pay more for care, euthanize more animals.
5. Shortage of donors and volunteers.
Hi William,
The economy in this country is very cyclic, you can expect a minor recession every 10 to 15 years and a major recession (such as this) about every thirty years. The last housing downturn was in the early to mid '90's then went into a boom then back down again to where we are now. So, if you think about it, this is actually the begining of the next boom. There are several reasons we are going so low this time, such as ARM loans, option arms and of course rising gas prices. The latter is the worst thing that could happen right now.
For most companies, I wouldn't be expecting them to be hiring until the latter half of this year. I did get a call from a recruiter who was looking for someone to work contract work down in Mexicali for Gulfstream for $55/$60 an hour. The downside is that it is in Mexico.
Sure could. Recession reduces revenues (fewer people can afford to fly) and increases costs (fuel, parts, labor, insurance, financing…).
Airlines do everything on a seniority basis, and the most recently hired people are laid off first.
So be prepared to think of a backup career. Fast Food is the first that comes to mind.
This is all common knowledge.
Love it. lol
Lol, I love you guys!
omifuckingod!!!! U 2 NEED TO MAKE A MOVIE! I can’t stop watching you guys, I’m absodefinitly in love.
Recession to racist? lmfao. I love Jeffery. I love Cole. OH MY GOSH. Please…. marry me…
lol… that was Cole doing “Ms. Swan” from Mad TV!!!
True, I think, as a snapshot at a given point of time.
But lower prices hurt the businesses that furnish the goods and services, putting them at risk of going out of business or not making a profit. The result of either of these consequences is to put the jobs of their employees at risk and increasing the probability that they will be put out of work or have their wages reduced.
Many companies are shunning away from recent college graduates unless they have some experiences these days.
Do not just rely on your BS in Bus. Admin degree to give you a job. You may have to start working from odd jobs you never dreamed of before (not online!)
Concentrations in something won't make any differences. My accounting degree didn't matter till I passed my CPA exam in 2007.
Grab what you can, get into a system, then browse around.
oh my goodness. you guys are too funny. im laughing out loud.
Higher unemployment, worse in some industries than others. Stagnated or decreased wages. Decreased capital income to investment accounts and savings accounts. Prices don't escalate as much as they become more difficult to reach because of a devalued currency.
Assets depreciate, which tends to hit housing the worst. Housing is a big block of asset, instead of something like stocks which can be sold off at small losses per share. You can't sell a piece of a house. You can only sell the whole thing.
With rising unemployment, stagnated wages and frozen activity in assets, leading banks to lend less money, it means housing prices will REALLY descend.
But don't get too excited over that if you're not a homeowner, thinking you'll be able to get a house cheap. If you depend on wages for your income the most, you won't see enough of an increase in your wages or enough opportunity to increase your wages to attract lending for that purpose.
1:03 you goods there cole?