Can you make money with a homebased business in bad economic times ? The economic slowdown over the last three years has forced many people to make extraordinary changes in their life. The days of 15% to 20% annual home value increases are gone. The only thing climbing faster than unemployment are credit card interest
Can you make money with a homebased business in bad economic times ? The economic slowdown over the last three years has forced many people to make extraordinary changes in their life. The days of 15% to 20% annual home value increases are gone. The only thing climbing faster than unemployment are credit card interest rates. The days of cheap and easy money have been replaced by times of fear and uncertainty.
The Cold Hard Facts
* The unemployment rate in December 2010 remained at nearly 9.5%
* According to Ben Bernanke it could take 4-5 years for unemployment to get back down to 6%
* Home foreclosures are still rising with 11.8 million homes standing vacant
The Federal Government Is Part Of The Problem
* The national debt is at 14 trillion dollars – To put that number into perspective, 14 trillion seconds is equal to 443,646 years!
* Every baby born in this country today will inherit almost $45,000 in debt by the time it takes its first breath!
* The last balanced federal budget was in 1998
* The federal deficit has increased by $8.5 trillion since 1998
* The federal government has spent nearly $1 trillion dollars on stimulus since 2007 and the unemployment rate remains at 9.5%
As Jim Rohn said “you can’t change the direction of the wind but you can change the direction of your sail.” Your opportunity to make money from home, even in these bad economic times has never been better. Why? Economic downturns create some of the best opportunities to create wealth, in fact there were more millionaires made during the great depression than any other time in U.S. history.
Internet usage is growing at an unbelievable rate. There are around 1.7 Billion people online right now, up almost 20% from last year! Never before have businesses, home based or otherwise, had such easy access to this many prospective customers. Think about it, how much time and money would it have taken to put your product or service in front of this many people before Al Gore (my attempt at humor) invented the internet?
Make Positive Changes You Can Control !
Making money from home in bad economic times, is a fantastic way to create a second income or start a whole new career. There is no recession online! There are virtually hundreds, if not thousands of ways to make money at home in bad economic times . Everything from multi-level marketing, e-books, affiliate marketing opportunities and even turn-key home based business franchises are available online. Taking the time to learn internet marketing in bad economic times , is like making a huge investment in yourself. It’s a skill you can apply to virtually any business or area of expertise and it will give you the opportunity to make money from home especially in bad economic times!
With the explosion of social media like Facebook, (350 million users) and Twitter, (almost 28 million tweets everyday) and YouTube (12.2 billion views per month in the U.S.) many employers are now looking for employees who are experienced in these areas. Yellow page, magazine and newspaper advertising is on the decline, while online advertising rates will be up 15 to 20% this year. Take control of your future, learn internet marketing , start your own home based business, be a better qualified employee and insulate yourself from the downside of an economy that isn’t going to change dramatically any time soon.
More and more people are turning to the internet for shopping, businesses, social activities, research and much more. Don’t be left behind. Learning affiliate marketingï»¿ï»¿ skills that can be applied to future job or business opportunities, may just give you the edge you need to prosper in these ever-changing economic times.
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