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Financial Crisis: What Sells And What Doesn't

by Michael Taylor
16 replies
Here's an article from Mental Floss about what's selling and what's not during this current financial crisis...

What the Financial Crisis Means for Spam, Psychics, Hosiery & More

1. Spam
Sales of the food product are up.

2. Marriage and Divorce
Divorce rates went down during The Great Depression.

3. Recycling
Prices for recycled materials are dropping, so recycling is taking a hit.

4. Psychics
"Business is booming" with clients paying from $75 to $1000 an hour.

5. Holiday Parties
Companies are cancelling parties.

6. Used Car Sales
Sales are up.

7. Iceland Tourism
400% rise in searches for flights to iceland.

8. College Endowments
Endowments to the Ivy League schools are down, which may mean a drop in financial aid.

9. Lipstick & Hosiery Sales
Hosiery sales are up 2.3%.

10. NASCAR
Racing is being hit hard.

11. Personal Maintenance
Gym memberships are down. Plastic surgery is down.

12. Sex & Sex Addiction
Baby related goods are selling.
#depression #downturn #financial crisis #recession #recession proof
  • Profile picture of the author ryanman
    Any product which has desperate buyers still converts.
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    ^^^Click The "UGLY BANNER" to "MAKE MONEY"^^^
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    • Profile picture of the author Nightengale
      "Mental Floss"????? What's that? (It's a hilarious name!)

      Michelle
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      "You can't market here. This is a marketing discussion forum!"
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  • Profile picture of the author JeffMitchell
    I am not involved in ANY of those industries, but the information is really good stuff for alot of people. Good Post of information for the financial crisis....

    Oh yeah...

    Something i learned in a soc. class one time...

    When ice cream sales are down....murder rates are up. So invest in self sefense in the wintertime.

    Jeff
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    HELP NEEDED! My Mother And Her Brother have been taking care of the mother with the help of Hospice. He just had a Massive Heart Attack while taking a short vacation. My mother had to go to Florida from Indiana to be with her brother and is not financially stable from being off work to be with grandma. Any Help Would Be Appreciated. http://www.gofundme.com/vg5kt4c

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    • Profile picture of the author Michael Taylor
      Originally Posted by JeffMitchell View Post


      When ice cream sales are down....murder rates are up. So invest in self sefense in the wintertime.
      Or keep an ice cream cone with you at all times.
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      • Profile picture of the author AgileHosting
        Originally Posted by Michael Taylor View Post

        Or keep an ice cream cone with you at all times.
        I prefer this technique by far.

        Bailey
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  • Profile picture of the author Kevin_Hutto
    I would imagine Mcdonalds sales are up.

    Becomes the choice for a night out with the kids over more expensive faire.

    I would also see alcohol, tobacco & lottery ticket sales all rising.
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  • Profile picture of the author Tsnyder
    Not only do used car sales go up during tough economic
    times, car repairs sky rocket as people try to save the old
    buggy for another year or two.

    An info product on that subject would probably sell quite
    well right now.

    Tsnyder
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    If you knew what I know you'd be doing what I do...
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  • Profile picture of the author TheNightOwl
    This one I find the weirdest:

    Originally Posted by Michael Taylor View Post


    7. Iceland Tourism
    400% rise in searches for flights to iceland.
    Iceland is one of the most expensive places on Earth!
    Signature
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    • Profile picture of the author Michael Taylor
      Originally Posted by TheNightOwl View Post


      Iceland is one of the most expensive places on Earth!
      The article mentions how Iceland's economy is tanking right now...could be that prices have dropped.
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  • Profile picture of the author LindaC
    During economic slow or hard times people tend to hold on to the old buggy longer.

    Most choose repairs over replacing the family vehicle...and, used auto part/s sales increase.

    Especially during winter months.

    My Best 2 U,

    LindaC
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  • Profile picture of the author billromer
    It has always boggled my mind how many new cars are sold on a regular basis. I drive two cars, both 10+ years old, and will probably buy 1 used one in the next year.

    Do people just keep buying cars, or are there that many people that just keep the market moving?

    McD's sales are up - McDonald's Sales Climb As Consumers Seek Deals

    I might also recommend Little Caesar's, where I fed my family of 6 tonight for $13.78 - two large pizzas + breadsticks, and no waiting! Amazing!

    Bill
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    • Profile picture of the author FrankRumbauskas
      Anything that helps people to prosper during a recession will do well. My sales numbers are going completely wild right now - I've had my best December ever after 6 years online - because they are uniquely positioned to help people who need it the most in a recession. My two main products are:

      1. Sales training products.
      2. Google AdWords how-to product.

      These two niches do better in a recession than they did in the good times, especially the sales training products.
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    • Profile picture of the author Bob Monie
      Originally Posted by billromer View Post

      It has always boggled my mind how many new cars are sold on a regular basis. I drive two cars, both 10+ years old, and will probably buy 1 used one in the next year.

      Do people just keep buying cars, or are there that many people that just keep the market moving?

      Bill
      Iv had my car for 7+ years now, still looks good and goes hard so dont see the point in upgradin.

      But alot of my friends and family upgrade their cars constantly, every 1 - 2 years without fail. This is due to trade in value of their current cars. Low milage and current models hold value for 1 - 2 years then drop off dramatically. The upgrade difference in price isnt alot so its probably not a silly thing to do.
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  • Profile picture of the author VegasGreg
    Guns and Alcohol sales are way up according to Wall Street.
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    Greg Schueler - Wordpress Fanatic... Living The Offline Marketing Dream...

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  • Profile picture of the author foz72
    Im also a property investor here in the UK, the trend seems to be that after the xmas and new year period, theres an increase of houses being sold as couples/familys split but wait until the the new year and xmas is over to do so - sad but true.

    The ice creams and murder thing is crazy heh.

    Regards,
    Simon.
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  • Profile picture of the author BizBooks
    Recession forcing some to sell off burial plots
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