Finance Crisis and Internet Marketing

I purchased a wso talking about how you can get into personal finance niche - which seems to be a huge market - and it made sense to me that these niches are stronger and easier to get customers these days.

In every recession it is the low-to-middle class who take the biggest blow. When big companies go bankrupt it is the regular workers who suffer most. Off course CEOs and investors lose monstrous sums but at least they don't have to worry about how to feed the family.

In times like that people do their best to tighten the belts and cut the expenses. We go hunting for bargains and the first place to look at is the Internet. The reasons are obvious: you can compare prices without leaving the house; you don't have to waste time and money on the gas running around the shops and you can really buy cheaper over the Internet.

Offer the best price and people will buy. Make a discount on something they could do without but would rather own, and people will buy. What's even more important, even after the economy goes stable, your customers will stick with you.

Yes you can

My own experience is a decrease in sales, about 30% decrease, this even with the changes I made to reduce the hemorrage. I agree on the buyer confidence level drop, but I don't blame it on confidence level.

Peaople are in debt and broke. Even if they wanted to buy, they can't! I experienced this decrease since 2009 and it is still on the way down, however, business online or offline has its up and downs. This depression is hurting not only online marketers but offline storefront commerce in general.

It also depends in which niche you are focusing on. Obviously in the financial niche, results I heard are on the rise and thats expected with so many people looking for ways to keep their lifestyle intact. The good news is that, there are many drop outs and thus competitiveness is going down in many niches. If you stay on top of things, you should stay afloat buddy.Just don't quit which is what most are or will be doing in the next few months and into 2012.

Bernard St-Pierre

My income in US$ hasn't dropped, it's improved, but since the US$ has tanked against the CN$, my income in CN$ that I can actually spend is less.

I'm down in some niches, but up in most.

It's fairly easy to spot the trends even here on this forum.

Local offline is hot... those business owners have to keep
spending on advertising or they go out of business.

Anything that helps people save or find bargains is hot.

Amazon now sells more ebooks than physical books, unless
I'm confused again.

There ARE segments of the real estate market where
demand is out-pacing supply.

I was forced to change my product mix/focus though.

Willie

The world of Internet Marketing is so huge that there's just too many variations and possibilities...one cant say it decreases altogether...each part of it has its own individual characteristic that would have its own trend...

I have created and sold several real estate investing products since 2008, mostly online through webinars and affiliates' launches and also from the stage.

The whole time, the RE Guru world has been struggling to change and adapt, as attendance on webinars and seminars has dropped at least 50% and people are not as quick to drop $797-1297 after hearing a 90-minute pitch.

He who learns internet marketing, lead generation, and building an effective marketing funnel is doing best in the REI niche right now. Membership sites are hot.

To put it frankly, RE promoters for the most part are trailing behind the times, trying to learn and assimilate the things IM gurus have been teaching for years. Still plenty of opportunity, though.

P.S. I still create and license RE products and am very well connected, but do not promote to a list myself, so if anyone wants to chat about the niche more, let me know.

life got really good for me during those times, people were and still are flocking to the internet to look for opportunities, and if your good at marketing then they will see and buy things from you.