I've Heard IM is Recession Proof... What About DEPRESSION Proof?!?!?

Well, during the Great Depression in 1929 and 1930 people couldn't afford to buy apples and had to be fed at governement run soup kitchens.

If the same thing happens and people cannot afford to eat and apple, how are they supposed to buy an eBook or a piece of software?

People made money during the Great Depression. IMHO, it really all depends on markets and skill sets. If another big one comes, I think the main benefit for IM'ers is the global reach we have. There are other countries who are moving forward economically, so that's where we target our marketing.

Regards,
Kevin

Why even talk about it?

Most of us in this forum weren't around for the depression.
But we all hear about the doom and gloom... how horrible it was ... etc...

I have no doubt that many people experienced very trying events and I am not intending to downplay them in any way.

BUT ... there is another side to the depression, too.
There were people making absolute fortunes during the depression.

Hoover Dam was built during the depression.

The actual cost of Hoover Dam, the All-American Canal, the town of Boulder City, highways, railroads and various other works was $165 million.

This was during the 1930's. Some of you math/economics wizards could tell us what that amount would translate to in today's economy.

Consider that while people all over the country were saying things like "There just aren't any jobs to be had!" there were a LOT of people relocating their families to Nevada and working on a monumental construction project.

This same project created jobs, opportunities, caused cities to spring up, affected commerce and still has far-reaching ramifications to this day.

I can tell you what WILL absolutely hurt your business. That is to focus on, talk about, and stress over the media's coverage of the economy.

They make more money when the news is bad. That's our fault.

There are opportunities being created right now. Our ability to make money will depend on our willingness and ability to recognize, adapt to, and take advantage of those opportunities.

Personally, I have clients in more than 60 different countries. If the economy on one of those countries takes a hit... I can focus my marketing on other countries and carry on.

This is a BIG advantage to doing business online.

once the market crash (this is very close)

then the US economies and other economies will go into depression.

DOnt worry there has always been millionaires created even in depressions...because there is still supply and demand, you just have to realize where that is.

Good example. IN the gold rush days, gold fosikers didn't make the money it was the guys that sold them the shovel. You have to be the shovel sellers....remember what I just said supply and demand.

hope this helps....first we wait for the crash....eeekkk yes! i know! not good! but a clean out is good for the economy every once and a while.

Good luck.

An environmentalist and Australian of the Year, Dr.Tim Flannery, said in an interview this week that money will be useless before long because of the environment, not the economy. The facts are that food, such as apples, won't be available and even wine is under threat because bees are declining worldwide and pollination of crops is under threat. Maybe we all eat bananas instead.

The Great Depression was brought about through a decline in food production, as well as other things, and people walked off their farms unable to survive. The Aus. government has just offered farmers $150,000 to stay on their land but do other things beside farming. The problem - no water. Our great Murray River which irrigates our food bowl is drying up.

What can money buy if there is nothing to buy? IM has to face the same fate although it seems immune for the time being.

A buddy of mine is putting together a blog, site and ebook for those looking to get their money out of the US dollar and into gold, silver and other precious metals.

All this doom and gloom is well founded. I used to work in the mortgage business (5 years) and I saw a steep market downturn 2 years ago. While my friends said I was stupid I left that business and now they are losing their shirts.

When our deficit is in the trillions and somehow get 700 billion to bail out the rich Wall Street investors - we do so by printing money.

Printing more money devalues the dollar and it leads to higher inflation. When the US sneezes the World catches a cold. So it will be felt world wide.

Andres

ANy time there a huge changes in the mass market business people are forced to either become resourceful or die. We do not plan on giving up and dying... or trading in the computers for apples ( good one haha). We plan on follwoing proven tactics and keeping our forward momentum.

Along the way we will be helping those people who are loosing their jobs learn how to do something different so they do not have to change where their families live to help with the next Hoover Dam project.

The key to survival is to either evolve or become extinct!

Which one are you going to be?

I think people are over reacting. Today is nothing like back in 1929. Today we have food stamps and welfare so I doubt people will be starving. And everyone (almost) has cable or satellite and cellphones and all kinds of other "luxuries" so I can't imagine people starving while they are texting on their cell phone and watching mtv.

For those in IM that sell empty, worthless, gimick driven, hyped up, junk...

it could be a hard time.

But for those who sell the engines, services, and power sources that global online businesses depend on...

They may have a better time.

For every doom and gloom there is an opportunity. You just have to dig them out.
When you find them, sometimes you wonder how you missed them in the first place. But that's the great thing of being online, the shear numbers of niches never begets scarcity.

Whoa, I have just found a new career path. I am going to be a CEO then I'm going to totally suck at it so I can get $25 million to leave.

You all can do what you want to, but if this country does fall into a depression, I am just going to refuse to participate.

Dixie

re: the bailout.
The ceo's aren't being rescued here. The credit markets are.

With bad credit markets, YOU can't buy cars or homes because the banks can't get INVESTORS to back these loans. And when home and car sales collapse, so does the values of your assetts which have the bulk of your capital tied up in them. That means you'll get 10 grand less for your vehicle when you want to trade it in, and tens of thousands less for your house (often meaning you owe more on the mortgage then it's worth).

Now, the ceo's of those companies who drove them to the point of faliure should be penniless and homeless as far as I am concerned.

But this is not about helping them.

And let's take a minute and talk about these so called 'wealthy investors'.. anyone with a 401k, investments in mutual funds, or who has access to any retirement benefits beyond social security - these represent HUGE MASSIVE pools of investors. Everyday joes. Teachers, firefighters, factory workers.. These are PUBLICLY owned companies.

The main problem with the economy is that it is based on rumor to sustain it, according to many of the above views. That must mean it is a lot of hot air. No wonder it deflates as soon as someone pricks it.
Perhaps survival depends on quality, quantity and good service and not the crap that so many IM's are pushing.

Anyone got a band aid for Wall Street millionaires and fat CEO's?

Think about it..

this will be the first financial crisis where there has been an established web.

where to people go when they have problems?

The web

Provide solutions to peoples problems and you'll most likely do ok..

Since the arrival of the Internet . The world is an entirely different place.

Those of us who are savvy enough to make their living online can do very well by helping people with specific problems..

Those who are savvy enough to predict the terms people will be searching for, if indeed the crisis does get worse. will be targeting these phrases right now

As the guy above noted.. supply the shovels

Thats my two cents

Cheers

Pete

If a dression happens the surviors will have to be strong, it will be much worst than the great depression because we have a world of drug addicts and thiefs and killers like we never had before. In hard times people will do bad things to other people. The best advise is to have a strong chain of friends and stay in the group and be tight. Helping each other survive, so yes I agree if a depression happens it will be much worst, with millions and millions of more people going nuts.Understand I am not trying to scare people, but it must be taken into thought what can happen.

I have very strong opinions as to the US economy and what will happen HOWEVER as far as IM I think those of us that are offering a strong product will succeed.

More people are looking to earn extra money on the side. Case in point myself. I decided to leap back in IM this year for that reason I've putting together an action plan and I can't wait until the money begins to roll in.

So for those of use that are offering products that guide the average Joe into earning extra $$$, or make him feel better with this or that, these are the times where you can really stand out in your niche.

I don't look forward to a recession or depression but it is what it is.

Andres

Money is a figment of the imagination. its created by us. Robert Kiyosaki talks about this, and explains the analogy very well. im not worried, if anything i'll move to montana and live on my property by a lake and wear bear skin clothes and catch fish for food.

then i will start my own tribe and breed. we should all go back to the bartar system.

well his books helped my start my buisness. far more than most of the shit products i've bought online.

he turned me on to money on the net, and the man sure as hell makes more than most eveyrone on this forum aside from the big 20 or so.

Further more my personal opinion *not being funny* is...

If you dont like this country get The F*CK OUT.

while our economy may be on the down turn - whining about it doesnt help, and i think everyone needs to realize just how good we have it. need to realize that we can walk out of our house and not get gunned down by rebels. we can still aford to eat even if you have to go for the PB&J instead of steak. fact is living in america isnt half bad, and this economy and capatilism it self is a huge reason most of you are able to get on the net and make money.

try that in a hut in somolia, then tell me about the economy crisis here.

life is what you make it.

[quote]Good example. IN the gold rush days, gold fosikers didn't make the money it was the guys that sold them the shovel. You have to be the shovel sellers....remember what I just said supply and demand.[quote]

Yes its the IM's who are doing the digging. The shovels are supplied by the tool makers.

Here guys, take a look at this article that compares our current economic state to the great depression through a mostly neutral historian:http://www.businesspundit.com/conser...at-depression/

I feel that they do a great job in the comparison