How Are You Adapting To The Failing US Economy?

by W.P. Allen 66 replies
What are you doing to adapt to the failing US economy? Have you switched promotional tactics? Products? Location?
#main internet marketing discussion forum #adapting #economy #failing
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  • Profile picture of the author JayXtreme
    Nope... to be honest my business isn't felling it in a way that I am going to worry about...

    I have sold less horses in the past month, but overall things seem good.. I'm UK based but sales are worldwide...

    Peace

    Jay
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  • Profile picture of the author Glenn Newsome
    Originally Posted by hst151975 View Post

    What are you doing to adapt to the failing US economy?
    Oh crap, hope Michael Oksa doesn't see this post--
    Just kidding Michael--
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  • Profile picture of the author valerieSONORA
    Personally nothing has changed for me at all. So far I haven't been affected and it seems the economic crisis has made no changes in my life. I wouldn't even know anything was going on if it wasn't the top thing everyone is talking about.
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  • Profile picture of the author Chris Lockwood
    I put a few more sharks in the moat around my castle, just in case.
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  • Profile picture of the author Daniel E Taylor
    I think people need to turn off the Television.

    Daniel
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    • Profile picture of the author JayXtreme
      Originally Posted by Daniel E Taylor View Post

      I think people need to turn off the Television.

      Daniel
      lol.. but SO true
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      • Profile picture of the author Neil Morgan
        I think people need to turn off the Television.
        So, so true.

        When I was on holiday this summer, I realised that a lot of the stress in my life was caused by listening to too much talk radio and watching too many news and current affairs programs on TV.

        Talk about doom and gloom. That's all they ever do.

        Sure there are problems in the world, but I don't need a minute-by-minute account of them.

        So the Radio 5 Live talking shop is now a no-no in my office and it has made quite a difference to my working day.

        Cheers,

        Neil
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        • Profile picture of the author Lance K
          Originally Posted by Neil Morgan View Post


          When I was on holiday this summer, I realised that a lot of the stress in my life was caused by listening to too much talk radio and watching too many news and current affairs programs on TV.

          Talk about doom and gloom. That's all they ever do.
          No doubt. Frank Kern could learn a thing or two about mass control from these folks.
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    • Profile picture of the author marcanthony
      Originally Posted by Daniel E Taylor View Post

      I think people need to turn off the Television.

      Daniel
      I couldn't agree more...
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      • Profile picture of the author Ricter
        Originally Posted by marcanthony View Post

        I couldn't agree more...
        Yes, ignore that engine light. : )
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  • Profile picture of the author KarlWarren
    Failing economy? What failing economy...
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    • Profile picture of the author timpears
      The posters who recommended turning off the TV have it pegged I think. Yes unemployment has risen a little to closer to average range. We have an oil crisis but even that when adjusted for inflation isn't all that high. Yes I used to be able to fill my tank for about $5, but I used to make about $1 an hour too.

      Most of this failing economy is a product of the media. Times aren't quite as good as they were just a few years ago, but then we just got fat and sassy while the living was easy. I loved buying a house, fixing it up and putting it on the market and having a signed contract by the end of the day. I got to say I did that so many times that I kind of got used to it. Then we couldn't give the damn things away. Times they are a changing, but times have been much worse than they are now, even in my short life of 58 years. Now my mother in law lived in the depression, that was pretty touch times.
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      • Profile picture of the author GarrieWilson
        Originally Posted by Daniel E Taylor View Post

        I think people need to turn off the Television.
        Or atleast start researching and thinking forr themselves.

        Originally Posted by timpears View Post

        We have an oil crisis but even that when adjusted for inflation isn't all that high. Yes I used to be able to fill my tank for about $5, but I used to make about $1 an hour too.
        The "crisis" is man made to increase prices. In reality, there isn't an oil shortage or crisis. Just excuses to artificially inflate the prices. (Insider knowledge about this.)

        Garrie
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        • Profile picture of the author KarlWarren
          Originally Posted by GarrieWilson View Post

          The "crisis" is man made to increase prices. In reality, there isn't an oil shortage or crisis. Just excuses to artificially inflate the prices. (Insider knowledge about this.)

          Garrie
          I used to work in the Pharmaceutical industry and have seen this happen in so many markets. Manufacturers would restrict supply, driving wholesale prices higher, pharmacists would stockpile... ad infinitum.
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          • Profile picture of the author GarrieWilson
            Originally Posted by KarlWarren View Post

            I used to work in the Pharmaceutical industry and have seen this happen in so many markets. Manufacturers would restrict supply, driving wholesale prices higher, pharmacists would stockpile... ad infinitum.
            Diamonds are the same. Debiers, I think thats how you spell it, purchase diamond mines to close them so they appear to be "rare"

            Truth is, if diamonds where rare, you woud be able to sell them back to retailers, brokers, etc. for close to what you paid instead of a fraction of retail. They are only worth a little more than a precious stone.

            *If* I am ever "lucky" enough to find the right women, she wont be getting two months salary for a rock.

            Great marketing though.

            Garrie
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            • Profile picture of the author KarlWarren
              Originally Posted by GarrieWilson View Post

              *If* I am ever "lucky" enough to find the right women
              Gotta love polygamy
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              • Profile picture of the author Neil Morgan
                Diamonds are the same. Debiers, I think thats how you spell it, purchase diamond mines to close them so they appear to be "rare"
                According to something I read this weekend, before De Beers did this, they created massive demand for diamonds. Apparently before the 1940's, engagement rings were not usually diamond but a massive marketing drive by De Beers change that.

                Having done that, they reduced the supply, and the rest is history!

                Cheers,

                Neil
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              • Profile picture of the author GarrieWilson
                Originally Posted by KarlWarren View Post

                Gotta love polygamy
                LOL

                Ooops.

                Garrie
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        • Profile picture of the author Killer Joe
          I changed the noose around my neck to a bungy-cord.

          You never know when this will turn around...

          KJ
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        • Profile picture of the author Daniel E Taylor
          Originally Posted by GarrieWilson View Post

          Or atleast start researching and thinking forr themselves.

          The "crisis" is man made to increase prices. In reality, there isn't an oil shortage or crisis. Just excuses to artificially inflate the prices. (Insider knowledge about this.)

          Garrie

          All someone would have to do is research "Oil Reserves in Alaska"
          and see how retarded all this nonsense is.

          Daniel The God
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  • Profile picture of the author AverageGuy
    unfortunately, bad economy means more people use more time to watch TV. that's one of the reaosn when the economy is down, the sales for video games usually is better.


    good luck

    david
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  • Profile picture of the author John Hillage
    Interesting to see how this thread develops with the huge Dow Jones crash today!
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  • Profile picture of the author Kelly Verge
    More ramen noodles. =D
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    • Profile picture of the author EndGame
      I'm excited in all honesty. In the long run, this could be good for a young lad like me just starting out in the World. In particular, it could allow me to jump on the property ladder much sooner than I initially anticipated.
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      • Profile picture of the author NMP
        So what is BAD?

        I mean we know it's bad. But what is bad. I think
        consumers without credits is the winner here. But
        who knows. Buffet said "Bailout or Meltdown" for
        who?

        And even if we know what is coming. What can we do?
        People won't stop purchase. Just do it different ;-)

        Daniel
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        • Profile picture of the author seasoned
          Originally Posted by NMP View Post

          So what is BAD?

          I mean we know it's bad. But what is bad. I think
          consumers without credits is the winner here. But
          who knows. Buffet said "Bailout or Meltdown" for
          who?

          And even if we know what is coming. What can we do?
          People won't stop purchase. Just do it different ;-)

          Daniel
          Credits are GOOD, maybe you mean without credit LINES!?!? Frankly, you are over simplifying! The U.S., and most "developed" countries have NO real money! So which countries are THOSE?

          Russia
          Japan
          European Union(Which includes a number of countries)
          Iceland
          Switzerland
          Austria,
          Belgium,
          Bulgaria,
          Cyprus,
          the Czech Republic,
          Denmark,
          Estonia,
          Finland,
          France,
          Germany,
          Greece,
          Hungary,
          Ireland,
          Italy,
          Latvia,
          Lithuania,
          Luxembourg,
          Malta,
          the Netherlands,
          Poland,
          Portugal,
          Romania,
          Slovakia,
          Slovenia,
          Spain,
          Sweden,
          and the United Kingdom
          Canada
          and the US

          Are YOU in one of those countries? Are you in one of potentially hundreds of others that may be likewise affected? Then you DO have a "credit line" of sorts. You just never realized it. It doesn't matter if it is called ECU, CAD,USD,etc.... The concept is the SAME! Other peoples/countries misfortunes will affect your "credit line".

          And people WILL stop purchasing! HECK, Belgium, Ireland, Germany, and the UK are among those with bank problems due to the US! What would YOU do if you had only $1, or a ham sandwich cost $300? Do you realize that herseys bars used to cost $0.05, and were often LARGER than ones that today can cost $1.00???? That is 20 TIMES the cost! Today, Mcdonalds can cost $9! How about a mcdonalds meal for $180!?

          BTW Warren Buffet seems like a nice guy, and he is considered honest and fair. Maybe you should listen to him. In march, he was the worlds richest person. I doubt he cares if he gets ANY of the 700B. HECK, he is credited with helping to LIMIT the problem, by investing 5BILLION HIMSELF! That is about 8% of his net worth as of march!

          Steve
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      • Profile picture of the author balsimon
        Originally Posted by EndGame View Post

        I'm excited in all honesty. In the long run, this could be good for a young lad like me just starting out in the World. In particular, it could allow me to jump on the property ladder much sooner than I initially anticipated.
        That's an excellent observation, I think. And I think one's
        age has little to do with taking advantage. Unless you're
        about to sail over the horizon, if you've been prudent
        during the "good times," you could very well be in a position
        to pounce when prices drop or when others are distracted
        by "the failing economy."

        As my dad used to tell me... "Keep your eye on the ball."
        Dad was pretty smart.

        Regards,
        Bal
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    • Profile picture of the author Kevin Riley
      Originally Posted by Kelly Verge View Post

      More ramen noodles. =D
      Not for long. We're upping the price on those. WE WILL MAKE YOU PAY! Muahahahahaah
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  • Profile picture of the author Kelly Verge
    My above post was an attempt at humor...

    My business keeps steadily increasing. The only effect I've seen of the "failing economy" is hearing people tell me that they'd hate to be in my position (working for themselves) during a "failing economy."
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  • Profile picture of the author ahuddy
    For every action there is an equal and opposite reaction... So just be optimistic it will all turn around at some point.
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    • Profile picture of the author Lance K
      Originally Posted by ahuddy View Post

      For every action there is an equal and opposite reaction... So just be optimistic it will all turn around at some point.
      Right on. And some prepared folks will build a fortune. And when their friends and family tell them how lucky they got, they can smile and explain that luck is merely when preparation and opportunity cross paths.
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  • Profile picture of the author BIG Mike
    Banned
    [DELETED]
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    • Profile picture of the author Michael Chris
      Originally Posted by BIG Mike View Post

      Maybe an Internet Marketer should run for President? Hehehehehe

      I vote for Allen Says!
      Whoa, whoa... WHoa, WHOa, WHOA!!!

      Calm down there, buddy.

      We don't need entire or partial laws (threads) getting deleted without explanation and people disappearing (getting n/a-ed).

      -Michael

      PS Allen, please don't n/a me.
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    • Profile picture of the author Glenn Newsome
      Originally Posted by BIG Mike View Post

      I don't really see it - the dollar is gaining on the Euro, sales are up by 14% or so and it's been busy as hell.

      Maybe an Internet Marketer should run for President? Hehehehehe

      I vote for Allen Says!
      Suck up!:p
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  • Profile picture of the author Zeus66
    I'm a multi-story office building window lock installer. Never been busier.

    John
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    • Profile picture of the author Lance K
      Originally Posted by Zeus66 View Post

      I'm a multi-story office building window lock installer. Never been busier.

      John
      I sell glass breaking tools and I'm even busier than you!
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  • Profile picture of the author Emailrevealer
    How am I adapting? I'm going broke...


    Originally Posted by hst151975 View Post

    What are you doing to adapt to the failing US economy? Have you switched promotional tactics? Products? Location?
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  • Profile picture of the author Tuzic
    Banned
    hi,

    yes its definitely effecting products sales but we have to go with the flow.
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  • Profile picture of the author derekwong28

    I am reselling guillotines from France to the US so you can chop off as many heads as you like!
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    • Profile picture of the author vorales
      Failing US Economy has effected the global economy. Everywhere people are panicking.

      It is a tough lesson for everybody. As for my self, I should be carefull in investing money in share market and mutual funds.

      World is in recession. LET CHANGE THE PLANET....HOW ABOUT MARS? LETS GO AND INTRODUCE IM ON MARS.
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  • Profile picture of the author camforbes
    This is an interesting thread...

    Here's my 30,000 foot analysis from out here on the left coast.

    Oil is gonna fall - precipitously. I'm talking $50-60/barrel. OPEC has kept the prices artificially high for too long, and now that the "real markets" are correcting you won't see the price of oil increase with the markets. In the past if the markets went up, the price of oil went up. That's going to change. They need a market to sell their oil into, and the market is drying up. The only way to keep selling it is to sell it cheaper.

    The De Beers model all over again...

    I'm not sure how well-versed you are in great depression history - especially in how individuals reacted to it. About 10 million people started selling apples - yeah, apples.

    They would buy big bags for a buck, then sell individual apples for .05 each and make about .35 per bag.

    Sound like a familiar marketing model?

    My advice... buy up some web properties and start working your virtual real estate. Continue with your Viral marketing, affiliate ads, and keep your head down!

    -Cam
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    • Profile picture of the author ShayB
      I look at it this way - I know my members. I know my moms on my list.

      I know they won't spend $50 on something, but they will spend 5 or 10 bucks to help solve a problem they have! They will give up a few Happy Meals for something they need.

      I'm not worried.:rolleyes:
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      • Profile picture of the author Lance K
        Originally Posted by Shay60654 View Post

        I look at it this way - I know my members. I know my moms on my list.

        I know they won't spend $50 on something, but they will spend 5 or 10 bucks to help solve a problem they have! They will give up a few Happy Meals for something they need.

        Bundle a bunch of those $10 solutions and I'll bet some will fork over $50.
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        • Profile picture of the author ShayB
          Originally Posted by Lance K View Post

          Bundle a bunch of those $10 solutions and I'll bet some will fork over $50.
          LOL - I am working my way up to that.
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        • Profile picture of the author naruq
          The Economy has not affected my online or offline businesses at all. People need to develop a Success and Prosperity Mindset. Stop reading and listening to the news! Wealth will be created in this economy and any other economy.
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    • Profile picture of the author ptone
      Originally Posted by camforbes View Post

      Oil is gonna fall - precipitously. I'm talking $50-60/barrel. OPEC has kept the prices artificially high for too long, and now that the "real markets" are correcting you won't see the price of oil increase with the markets. In the past if the markets went up, the price of oil went up. That's going to change. They need a market to sell their oil into, and the market is drying up. The only way to keep selling it is to sell it cheaper.
      That's exactly right, Cam. And when oil does fall, that will be the first step to a new booming economy. Everybody jump on the train when this time comes!

      The whole reason we are in this so-called mess is BECAUSE of government intervention. What makes anybody think that MORE government intervention will help? It won't...let's hope their plan fails to pass Congress and the free markets are allowed to do what they are supposed to do.

      Hooray for Capitalism!
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  • Profile picture of the author Rod Cortez
    Originally Posted by hst151975 View Post

    What are you doing to adapt to the failing US economy? Have you switched promotional tactics? Products? Location?
    My long-term business financial planning has shielded me from the current events and my businesses continue to grow. I'm also well-diversified globally so haven't seen any impact so it's not necessary to adapt since I have a strong foundation.

    RoD
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  • Profile picture of the author Chris Lockwood
    The Dow is up 370 today, so how will you adapt to the stock market boom?
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  • Profile picture of the author Jon Olson
    I have found while a lot of my American clients are concerned, worldwide things have been great. I'm not saying internet business is recession proof. But it's been pretty good so far.
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    • Profile picture of the author TheVCF
      Although we are Very Sad to hear of all the "offline / brick and mortar" businesses Closing, going out of business and All the people subsequently losing their jobs ...

      and about the current financial crisis in the US possibly making loans/credit harder to get for both businesses and individuals ...

      All of which may also cause many to "tighten their purse strings / belts" and buy less things they don't *absolutely need* in the short term ...

      Don't you all think?

      We are hopeful that perhaps some of these people will be more open, willing and able to help us and others who are Hiring Now to Grow their online (and offline) businesses! you know?

      I hope this helps and Have a Great Day!

      - Michael
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    • Profile picture of the author AndrewCavanagh
      I think it's realistic to expect the US economy will not improve substantially unless the US finds another cheap source of oil.

      But I wouldn't be expecting a huge crash either...more of a grind towards slowly increasing inflation and living costs.

      The good news is that when times get a little rough opportunities abound.

      Ordinary workers will be desperate for ways to make more money to get by with a higher cost of living or to replace the income from jobs they lose (or will lose).

      And small businesses will be desperate for ways to increase their sales and profits without spending a pile of money on advertising etc...internet marketing is a GREAT way to do that.

      Also people will be looking for ways to cut their cost of living so whole niches in those areas will open up or explode.

      These are good times for people who move with them and work hard to be of genuine service to those who are looking for help and willing to pay for it.

      Kindest regards,
      Andrew Cavanagh
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      • Profile picture of the author NoBoss
        Originally Posted by AndrewCavanagh View Post

        v

        Also people will be looking for ways to cut their cost of living so whole niches in those areas will open up or explode.

        These are good times for people who move with them and work hard to be of genuine service to those who are looking for help and willing to pay for it.

        Kindest regards,
        Andrew Cavanagh
        So true, Andrew.....

        Just one of many examples would be cook books and cooking utensils, etc.

        Thousands of people are being forced to cut costs any way possible. They just
        can't continue eating out; so they are eating at home. Not the common experience
        it used to be.

        This is driving up the demand for cookware; cook books; cooking magazines and
        related web sites. More than half here in usa have either stopped eating out altogether
        or now limit it to once weekly. Or monthly for some I know.

        Barnes & Noble; Borders and even Amazon.com have noticed great increase in sales of
        cookbooks and food related books. Amazon just published figures showing double-digit
        increases in this home cooking niche.

        This niche is exploding right now.

        ....Doug
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  • Profile picture of the author Dick Doe
    Originally Posted by hst151975 View Post

    What are you doing to adapt to the failing US economy? Have you switched promotional tactics? Products? Location?
    I am not from US, but hope I am allowed to post here, since our economy is indirectly affected by the failing US financial market (the value of rupee to dollar is further down). So I am writing like hell, and selling more PLR Wsos than ever :rolleyes:
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    • Profile picture of the author GarrieWilson
      Originally Posted by Richard Odell View Post

      Stop denying it, things are ruff, the cost of living is hurting us all and folks are losing they're homes.
      Not rough where I am sitting.

      The people losing homes, for the most part, is because of poor planning and trying to live above their means. - I do not pitty these people or their situations.

      Too many wars over oil and incompetent administrations - we will ride this out, as we have done in the past - but face up to it without all the patriotic crap!
      I didnt see patriotic posts..
      Just stop denying it - live up to a reality of huge living costs and unemployment...
      Housing costs are down.
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    • Profile picture of the author Rod Cortez
      Originally Posted by Richard Odell View Post

      Is everyone in Lalaland?

      Stop denying it, things are ruff, the cost of living is hurting us all and folks are losing they're homes.

      Too many wars over oil and incompetent administrations - we will ride this out, as we have done in the past - but face up to it without all the patriotic crap!

      We are either in a recession or tittering on the brink of one.

      Just stop denying it - live up to a reality of huge living costs and unemployment...

      Tomorrows a brighter day - the sun will rise and set - what ever happens there will still the same amount of money in the world that there was once before.

      One day the economists will say it is all over and we will be no wiser about how it all started and what the f**ck finished it!

      Just hang tough, make money where you can and live in the here and now.

      But don't be blinkered...

      Rich
      No one is stating that times aren't rough, they were addressing the OP on whether or not they did things differently. Sure times are tough right now, but not for everyone.

      RoD
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  • Profile picture of the author Michael Oksa
    Originally Posted by hst151975 View Post

    What are you doing to adapt to the failing US economy? Have you switched promotional tactics? Products? Location?
    I would say I have done the same basic thing as always, but with a slight twist.

    In a way, I am helping others to take advantage of the current situation. But only if they really want the help. Most people think they do, but when it comes time to act, they do nothing.

    All the best,
    Michael
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  • Profile picture of the author mr2monster
    my sales have doubled every week for the last 4 weeks in a row now... And I'm not even adding to my site anymore.
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    • Profile picture of the author KarlWarren
      Originally Posted by mr2monster View Post

      my sales have doubled every week for the last 4 weeks in a row now... And I'm not even adding to my site anymore.
      Same, 3 record months in a row...

      and I agree with Garrie... anybody who lives above their means is destined for a fall.

      I've been there and done it, crazy thing is - I'm coming out of the other side smelling of roses at a time where everyone else is panicking...

      Why?

      Because I know that *I* am in control, nothing else has control over how much I can earn and afford.
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      • Profile picture of the author David Neale
        Based what I’ve seen and read recently the tough times have barely begun. The US will have some very rough times ahead, not only because of what is happening in the stock markets and the loss of equity there but what is happening in the credit markets.

        Individuals will have trouble borrowing money to buy a home which will negatively impact the real estate market even further.

        Businesses may have their lines of credits pulled causing layoffs and cut backs. Banks will be very hesitant to issue any loans for expansion and growth.

        The tough times have barely started in the US. And if the US sneezes most every other nation catches a cold.

        But the question was how would this effect our business. Our business will probably grow or even thrive as people look for other income sources.

        I find little joy in this however.

        The next 12-24 months will also provide great opportunities in both real estate and the stock market.

        If you have liquid capital now and you use it wisely over the next few years you could do very, very well indeed.
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        David Neale

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        • Profile picture of the author myob
          I travel around the USA and Canada attending small business/franchise trade shows. This is an industry that is doing exceptionally well right now.

          Many jobs are directly affected by the tightening of credit as many companies even use credit to meet payroll.

          Most of the offline people I meet are very worried about the economy, jobs, their mortgage and everything seems to be out of control.

          So, if you are in IM, I would say to you to reach out into the offline community. Not only in a business perspective, but helping to alleviate the suffering others are going through right now.
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  • Profile picture of the author SimonRiver
    Good to hear that everything's still running smoothly.
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    • Profile picture of the author force5
      Duck and dive, dont put all your eggs in one basket.
      Multiple streams of income, online and offline stuff.

      My mother in law (and her husband) pretty much lives on income she gets from stock market shares her dad bought and left her. Turns out that this money has been such a regular part of her life that she never thought to save any of it!
      So now her broker is warning her that there "may" be some reductions in her dividends, and that has come as a surprise and caused some worry.

      Guess who is already having to throw some money their way, the guy who doesn't have a proper job and "plays on his computer" a few hours a day.

      I wouldn't mind so much but they were nagging us that we should get a new car and buy a bigger house a year ago and seemed to think we were broke, when infact we were putting money away and into food storage.

      Things are getting tough where I live, people are staying home and even doing some of their own manual work like painting rather than hiring companies. There are empty houses and some are going up for auction soon, I feel bad for people but when you see their brand new F150 parked outside and realize that they bought a 2k sq ft house for a husband wife and one kid I wonder what people were thinking.

      Look for the positive and be open to every opportunity and you will be ok.

      Paul
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  • Profile picture of the author BIG Mike
    Banned
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    • Profile picture of the author BIG Mike
      Banned
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    • Profile picture of the author Glenn Newsome
      Originally Posted by BIG Mike View Post

      [Edit] To satisfy the impulsively self-righteous --&-- injecting a bit of humor into it. Go figure...me humorous?[/Edit]
      I got a good laugh from it
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      • Profile picture of the author jboyd
        My niche is attractive to one of two types of customers. My customers are either:

        1. The 5% that by hook or crook will always try to do it a different way (those never go away, they are just replaced by more of the same)

        or

        2. Homeowners who are struggling to make ends meet and must replace the products that I sell outside of the normal stream.

        So, this downturn is like Xmas for me. The DOW tanked on Monday, and I had over $5,000 in orders come in within 24 hours of closing bell on Monday.

        I was kinda sad to hear that Congress may actually pass a bail out today :-(

        One person's failing economy is another's treasure chest. Always has been.

        Jay
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        www.homeairdirect.com Hey! It's what I do.
        www.askboyd.com Because it is your money!

        \"Settle down, if you were that important, the city would give you lights and a siren for your car\"
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  • Profile picture of the author TheRealDomainer
    Beat your country's economy by selling eproducts in demand globally. Pure and simple!
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