How Do You Think The Economy Will Effect "Online" Businsses?

MarketingSPY · 02-27-2010, 05:39 AM

Hundreds of companies are closing their doors all across our nation. Every week I read about another chain of stores closing their doors. Top economists say unemployment is acutally over 20%.

Many top IM gurus have sunk into so-called retirement in the last few months. Are online businesses down as well?

Will anyone dare touch on this rather depressing subject?

I'm asking the Warrior's to please be upfront and say how the economy has effected their online business in the last year or so? Is it up or down?

Thanks everyone. You're all great!!

Happy Trails!

Steve Mount · 02-27-2010, 05:42 AM

Probably depends on what niche you're in. However, the economy hasn't affected me online one bit! Just sold a website for $7,000... and made about $32,000 since last August on a product launch... so people are buying!

MichaelHiles · 02-27-2010, 05:45 AM

My marketing consulting business has grown through the economic downturn. Smart businesses know that during a period of economic contraction, the marketplace becomes more competitive, and they need to respond by becoming smarter marketers to stretch their dollars spent. That translates into a boon of qualified prospects that are looking for BONAFIDE EXPERTISE in this area.

I stress bonafide because a business owner can smell the BS coming from a rank amateur posing as an "offline marketing consultant" a mile away. People who think they can hustle offline businesses out of cash by tossing some rehashed internet marketing garbage at them won't be in the game for very long.

DogScout · 02-27-2010, 05:50 AM

On-line sales continue to climb. I am fond of saying 'there is no recession on the internet.'

MarketingSPY · 02-27-2010, 05:51 AM

Great responses guys!

Uber_Noob · 02-27-2010, 05:57 AM

was reading a report earlier that said business with online presence was weathering the recession alot better - The internet is definitely the place to be if you want to make money, now more than ever.

DigiCypher · 02-27-2010, 06:09 AM

I'd assume that since the internet is worldwide (and therefore businesses that are web-based are also worldwide), that the individual economy of one particular country or another shouldn't effect IM much, if at all. The only thing i could see effecting it is if you happen to be in a niche that for whatever reason relies solely on the customers within a country whose economy is going down the drain. Otherwise, I don't see how it could affect IM. That's my thought anyway.

HonestCoder · 02-27-2010, 08:10 AM

I see more and more people coming online wanting to learn how they can supplement their income. Getting started online is cheap, even free, and so scores of people are coming online to see what the web has to offer them.
If anything the opportunities online are growing every day.

02-27-2010, 05:39 AM	#1
MarketingSPY TheGuruSPY.com War Room Member Join Date: Nov 2009 Posts: 131 Thanks: 0 Thanked 12 Times in 12 Posts	How Do You Think The Economy Will Effect "Online" Businsses? Hundreds of companies are closing their doors all across our nation. Every week I read about another chain of stores closing their doors. Top economists say unemployment is acutally over 20%. Many top IM gurus have sunk into so-called retirement in the last few months. Are online businesses down as well? Will anyone dare touch on this rather depressing subject? I'm asking the Warrior's to please be upfront and say how the economy has effected their online business in the last year or so? Is it up or down? Thanks everyone. You're all great!! Happy Trails!
	The most OUTRAGEOUS secrets of the Gurus ever created. Pick up a FREE copy of my FREE 64 page report today. "The Ugly IM Truth". It's Shocking, but True! Grab it now! Last edited by MarketingSPY; 02-27-2010 at 05:41 AM. Reason: typo - wanted to fix the title but couldn't.

02-27-2010, 05:42 AM	#2
Steve Mount Senior Warrior Member War Room Member Join Date: Jun 2007 Location: Washington DC Posts: 2,285 Thanks: 132 Thanked 124 Times in 63 Posts Contact Info	Re: How Do You Think The Economy Will Effect "Online" Businsses? Probably depends on what niche you're in. However, the economy hasn't affected me online one bit! Just sold a website for $7,000... and made about $32,000 since last August on a product launch... so people are buying!

02-27-2010, 05:45 AM	#3
MichaelHiles Battle Scarred Warrior War Room Member Join Date: Feb 2009 Posts: 2,563 Thanks: 665 Thanked 1,780 Times in 744 Posts Social Networking	Re: How Do You Think The Economy Will Effect "Online" Businsses? My marketing consulting business has grown through the economic downturn. Smart businesses know that during a period of economic contraction, the marketplace becomes more competitive, and they need to respond by becoming smarter marketers to stretch their dollars spent. That translates into a boon of qualified prospects that are looking for BONAFIDE EXPERTISE in this area. I stress bonafide because a business owner can smell the BS coming from a rank amateur posing as an "offline marketing consultant" a mile away. People who think they can hustle offline businesses out of cash by tossing some rehashed internet marketing garbage at them won't be in the game for very long.
	FOLLOW ME ON TWITTER!!! @MichaelHiles Circle Me on Google+... http://gplus.to/michaelhiles >>>>>>>> GET THE STRAIGHT TALK at http://www.michaelhiles.com

02-27-2010, 05:50 AM	#4
DogScout Self Unemployed War Room Member Join Date: Jun 2009 Location: Florida Posts: 2,343 Thanks: 697 Thanked 628 Times in 373 Posts Social Networking	Re: How Do You Think The Economy Will Effect "Online" Businsses? On-line sales continue to climb. I am fond of saying 'there is no recession on the internet.'
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02-27-2010, 05:51 AM	#5
MarketingSPY TheGuruSPY.com War Room Member Join Date: Nov 2009 Posts: 131 Thanks: 0 Thanked 12 Times in 12 Posts	Re: How Do You Think The Economy Will Effect "Online" Businsses? Great responses guys!
	The most OUTRAGEOUS secrets of the Gurus ever created. Pick up a FREE copy of my FREE 64 page report today. "The Ugly IM Truth". It's Shocking, but True! Grab it now!

02-27-2010, 05:57 AM	#6
Uber_Noob Warrior Member Join Date: Sep 2009 Posts: 7 Thanks: 0 Thanked 0 Times in 0 Posts	Re: How Do You Think The Economy Will Effect "Online" Businsses? was reading a report earlier that said business with online presence was weathering the recession alot better - The internet is definitely the place to be if you want to make money, now more than ever.

02-27-2010, 06:09 AM	#7
DigiCypher Kilted Warrior Join Date: Jan 2010 Location: California Posts: 52 Thanks: 18 Thanked 0 Times in 0 Posts	Re: How Do You Think The Economy Will Effect "Online" Businsses? I'd assume that since the internet is worldwide (and therefore businesses that are web-based are also worldwide), that the individual economy of one particular country or another shouldn't effect IM much, if at all. The only thing i could see effecting it is if you happen to be in a niche that for whatever reason relies solely on the customers within a country whose economy is going down the drain. Otherwise, I don't see how it could affect IM. That's my thought anyway.

02-27-2010, 08:10 AM	#8
HonestCoder Warrior Member War Room Member Join Date: Feb 2010 Posts: 29 Thanks: 0 Thanked 10 Times in 6 Posts	Re: How Do You Think The Economy Will Effect "Online" Businsses? I see more and more people coming online wanting to learn how they can supplement their income. Getting started online is cheap, even free, and so scores of people are coming online to see what the web has to offer them. If anything the opportunities online are growing every day.
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